PHILLIP GOLDSTEIN
60 HERITAGE DRIVE
PLEASANTVILLE, NEW YORK 10570
_____________, 1998
VIA EDGAR
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Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: 1934 Act Filings
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Re: Clemente Global Growth Fund, Inc.
Preliminary Proxy Statement Materials
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Ladies and Gentlemen:
Transmitted for filing pursuant to Rule 14a-6(a) under the
Securities Exchange Act of 1934, as amended (the "1934 Act"), is a
preliminary proxy statement and related materials that I am planning to
use in connection with my solicitation of proxies from shareholders of
Clemente Global Growth Fund, Inc. (the "Fund") to be voted at the 1998
Annual Meeting of Shareholders of the Fund. This solicitation is being
made in opposition to the Fund's solicitation of proxies. Thus, the
solicitation is subject to Rule 14a-11 under the 1934 Act.
My proxy materials are soliciting proxies to be voted: (1)
in favor of the election of two persons I intend to nominate to serve as
directors of the Fund; (2) for the approval of two stockholder
proposals, opposed by the Board of Directors of the Fund, which
proposals will be included in the Fund's proxy statement and involve
resolutions the adoption of which would terminate the Fund's investment
advisory agreement with Clemente Capital, Inc. and recommend that the
Board take steps to open-end the Fund; and (3) two additional
stockholder proposals I plan to introduce at the meeting which call for
the resignation of directors not standing for election at the meeting
and recommend the reimbursement of my solicitation expenses.
Please call me at (914) 747-5262 if you have any questions
or comments.
Very truly yours,
/s/Phillip Goldstein
Phillip Goldstein
