WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000793159
<NAME> THE GLOBAL TOTAL RETURN FUND
<SERIES>
<NUMBER> 004
<NAME> THE GLOBAL TOTAL RETURN FUND (CLASS Z)
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 245,175,999
<INVESTMENTS-AT-VALUE> 239,990,371
<RECEIVABLES> 9,071,273
<ASSETS-OTHER> 8,672
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 249,070,316
<PAYABLE-FOR-SECURITIES> 3,046,793
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,604,885
<TOTAL-LIABILITIES> 6,651,678
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 306,799,207
<SHARES-COMMON-STOCK> 34,372,910
<SHARES-COMMON-PRIOR> 38,402,236
<ACCUMULATED-NII-CURRENT> (17,788,373)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (41,740,083)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,852,113)
<NET-ASSETS> 242,418,638
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,734,491
<OTHER-INCOME> 0
<EXPENSES-NET> 2,019,459
<NET-INVESTMENT-INCOME> 7,715,032
<REALIZED-GAINS-CURRENT> (22,410,626)
<APPREC-INCREASE-CURRENT> 14,217,604
<NET-CHANGE-FROM-OPS> (477,990)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,015,277)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,358,179
<NUMBER-OF-SHARES-REDEEMED> (36,194,994)
<SHARES-REINVESTED> 2,981,820
<NET-CHANGE-IN-ASSETS> (36,348,262)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (37,799,341)
<OVERDISTRIB-NII-PRIOR> (18,244)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 964,623
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,019,459
<AVERAGE-NET-ASSETS> 11,790,000
<PER-SHARE-NAV-BEGIN> 7
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (0)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (0)
<PER-SHARE-NAV-END> 7
<EXPENSE-RATIO> 1
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
