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<PAGE> PAGE 2
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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SIGNATURE GRACE C. TORRES
TITLE TREASURER
For the fiscal year ended: 12/31/99
File number: 811-4661
SUB-ITEM 77 M
Mergers
At a Special Meeting of Shareholders held
on October 19, 1999, the shareholders of
Prudential Global Limited Maturity Fund, Inc.
(the Fund) approved an Agreement and Plan of
Reorganization whereby all of the assets of
the Fund were transferred to Prudential Global
Total Return Fund, Inc. (Total Return Fund),
in exchange solely for Class A, Class B, Class
C and Class Z shares of Prudential Global
Total Return Fund and the Total Return Fund's
assumption of all of the liabilities, if any,
of the Fund followed by the distribution of
Total Return Fund's shares to shareholders of
the Fund in liquidation of the Fund, effective
October 22, 1999.
T:\george\N-SAR\GTR\2-00\77M-GLM.doc
For period ending (a) December 31, 1999
File Number (c) 811-4661
SUB-ITEM 77J
Reclassification of Capital Accounts:
The Fund accounts for and reports
distributions to shareholders in
accordance with the American Institute of
Certifies Public Accountants' Statement
of Position 93-2: Determination,
Disclosure, and Financial Statement
Presentation of Income, Capital Gain, and
Return of Capital Distributions by
Investment Companies. The effect of
applying this statement was to decrease
distributions in excess of net investment
income by $160,476 and decrease
accumulated net realized loss on
investments by $64,968,790 and decrease
paid in capital in excess of par by
$65,129,266 due to a tax return of
capital and for foreign currency losses
realized and recognized during the year
ended December 31, 1999 and for capital
loss carryforward which expired during
the year ended December 31, 1999. Net
investment income, net realized gains and
net assets were not affected by this
change.
To the Shareholders and Board of Directors of
The Global Total Return Fund, Inc.
(2)
Report of Independent Accountants
To the Shareholders and Board of Directors of
The Global Total Return Fund, Inc.
In planning and performing our audit of the
financial statements of The Global Total Return
Fund, Inc., (the "Fund") for the year ended
December 31, 1999, we considered its internal
control, including control activities for
safeguarding securities, in order to determine
our auditing procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the requirements
of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for
establishing and maintaining internal control.
In fulfilling this responsibility, estimates and
judgments by management are required to assess
the expected benefits and related costs of
controls. Generally, controls that are relevant
to an audit pertain to the entity's objective of
preparing financial statements for external
purposes that are fairly presented in conformity
with generally accepted accounting principles.
Those controls include the safeguarding of
assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal
control, errors or fraud may occur and not be
detected. Also, projection of any evaluation of
internal control to future periods is subject to
the risk that controls may become inadequate
because of changes in conditions or that the
effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal
control that might be material weaknesses under
standards established by the American Institute
of Certified Public Accountants. A material
weakness is a condition in which the design or
operation of one or more of the internal control
components does not reduce to a relatively low
level the risk that misstatements caused by
error or fraud in amounts that would be material
in relation to the financial statements being
audited may occur and not be detected within a
timely period by employees in the normal course
of performing their assigned functions.
However, we noted no matters involving internal
control and its operation, including controls
for safeguarding securities, that we consider to
be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the
information and use of the Board of Directors,
management and the Securities and Exchange
Commission and is not intended to be and should
not be used by anyone other than these specified
parties.
PricewaterhouseCoopers LLP
February 16, 2000
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
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> 002
<NAME> THE GLOBAL TOTAL RETURN FUND (CLASS B)
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
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[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
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> 003
<NAME> THE GLOBAL TOTAL RETURN FUND (CLASS C)
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
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<EXPENSE-RATIO> 2.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.00
</TABLE>
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> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 292,910,681
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<NUMBER-OF-SHARES-REDEEMED> (43,791,864)
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<NET-CHANGE-IN-ASSETS> 113,499,626
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 379,528
<OVERDISTRIB-NII-PRIOR> (1,796,162)
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<GROSS-EXPENSE> 3,106,154
<AVERAGE-NET-ASSETS> 4,604,000
<PER-SHARE-NAV-BEGIN> 8
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<PER-SHARE-GAIN-APPREC> (1)
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<RETURNS-OF-CAPITAL> (0)
<PER-SHARE-NAV-END> 7
<EXPENSE-RATIO> 2
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>