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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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SIGNATURE SUSAN C. COTE'
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000813339
<NAME> THE GLOBAL GOVERNMETN PLUS FUND, INC.
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-END> DEC-31-1994
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<OTHER-ITEMS-ASSETS> 0
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<TOTAL-LIABILITIES> 21,542,529
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 343,875,570
<SHARES-COMMON-STOCK> 45,642,508
<SHARES-COMMON-PRIOR> 45,642,508
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (28,720,139)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (6,452,134)
<NET-ASSETS> 308,703,297
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 24,270,144
<OTHER-INCOME> 0
<EXPENSES-NET> 3,675,079
<NET-INVESTMENT-INCOME> 20,595,065
<REALIZED-GAINS-CURRENT> (36,867,119)
<APPREC-INCREASE-CURRENT> (7,476,303)
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<EQUALIZATION> 0
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<NET-CHANGE-IN-ASSETS> (49,079,524)
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</TABLE>
For the fiscal year ended (a) 12/31/94
File number (c) 811-5123
SUB-ITEM 77 D
Policies With Respect to Security Investments
At a meeting of the Board of Directors held on February 8, 1994, the
Directors approved (i) the use of tri-party repurchase agreements and (ii) the
use of Bank of New York, Chemical Bank, Morgan Guaranty Trust Company and
Bankers Trust Company as subcustodians in connection with effecting tri-party
repurchase transactions.
GGP694.77D
NSAR#2
For the year ended (a) December 31, 1994
File number (c) 811-5123
SUB-ITEM 77J
REVALUATION OF ASSETS OR RESTATEMENT OF CAPITAL SHARE ACCOUNT
The Global Government Plus Fund, Inc. (the "Fund") accounts and reports for
distributions to shareholders in accordance with 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 paid-in capital in excess of
par by $10,394,847, increase undistributed net investment income by $101,702 and
decrease accumulated net realized loss on investments by $10,293,145 for
realized foreign currency losses incurred during the fiscal year ended December
31, 1994. Net investment income, net realized gains and net assets were not
effected by this change.
\sop.gov
