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SUPPLEMENT DATED SEPTEMBER 20, 1995 TO THE CURRENT STATEMENT OF ADDITIONAL
INFORMATION FOR THE LORD ABBETT GLOBAL FUND, INC.
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Lord Abbett Global Fund
Income Series
Investment Opportunities
Have No Borders
Summer 1995
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Don't Stand On The Sidelines.
It's A Big World. Invest In It.
Global investing gives portfolio managers an opportunity to capture
high returns throughout the world.
Over 50% of all bonds issued in the world today are issued outside of the United
States.
As shown below, yields on high-quality bonds vary from country to
country. A portfolio which includes high-quality foreign bonds has the
opportunity to search for higher yields around the globe.
[CHART APPEARS HERE]
<TABLE>
Percent Yield/(1)/
<S> <C>
United States 6.25%
Canada 7.98%
Denmark 8.56%
France 7.65%
Italy 12.66%
Japan 2.84%
Spain 11.56%
United Kingdom 8.41%
</TABLE>
Going Global Provided Better Total Returns
Over the last 10 1/2 years, different countries have had widely
different total returns on their bonds.
A Comparison of 10-Year Government Bonds, After Currency Translations
into U.S. Dollars
<TABLE>
<CAPTION>
6 Months 10 1/2 Years
Ended Ended
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 6/30/95 6/30/95
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Canada 15.8 16.1 8.0 19.0 16.1 5.6 24.1 (0.5) 13.2 (13.6) 14.4 192.7
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France 43.8 47.4 20.6 7.3 8.9 19.8 16.4 4.6 17.0 (0.5) 19.5 506.1
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Germany 38.0 37.6 27.1 (3.0) 5.6 10.5 10.8 6.2 10.6 5.1 20.3 349.5
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Japan 37.5 36.1 40.4 2.7 (14.4) 3.0 24.2 11.3 30.8 5.5 36.5 519.5
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United Kingdom 43.4 14.4 46.4 2.3 (3.5) 34.2 14.7 (3.9) 21.4 (5.4) 7.9 334.6
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United States 26.6 24.1 (4.6) 8.8 14.0 6.7 17.0 7.3 12.1 (6.7) 15.2 200.0
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</TABLE>
All figures indicate percentage total returns in U.S. dollars; ( )
signify negative return. Sources: J.P. Morgan Securities and Goldman
Sachs International, Limited. Bold figures represent the highest total
return in the year indicated.
In 1987, the total return on U.S. bonds was -4.6%; the average return
for the six countries listed above was +23.0%.
Data on this page does not represent Income Series performance. There
is no guarantee that performance depicted herein will be repeated in
the future, or that the Income Series' portfolio will include all of
the countries shown.
(1) Yields to maturity on recently offered 10-year government bonds.
Sources: J.P. Morgan Securities and Goldman Sachs International,
Limited. Data as of June 30, 1995.
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The Comfort of Quality;
The Advantage of Diversification.
Lord Abbett Global Fund-Income Series only invests in quality bonds.
As of June 30, 1995:
80% of bonds held in the portfolio were government or government agency
obligations.
90% of bonds held in the portfolio were rated AAA.
100% of bonds held in the portfolio were issued in industrialized,
developed countries.
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13 Countries. 1 Portfolio.
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United States: .................. 21.1%
Australia: .................. 1.3%
Belgium: .................. 4.3%
Canada: .................. 2.3%
Denmark: .................. 5.1%
France: .................. 4.0%
Germany: .................. 19.2%
Italy: .................. 3.1%
Japan: .................. 14.1%
Netherlands: .................. 6.3%
Spain: .................. 4.7%
Sweden: .................. 1.3%
United Kingdom: .................. 6.8%
Cash and
Equivalents: .................. 6.4%
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Performance Results
Since its establishment in 1988, the Income Series has offered
investors a unique advantage--the Lord Abbett approach to global
investing.
[CHART APPEARS HERE]
Cumulative total return figures from 9/30/88 (Fund inception)through
6/30/95, with Fund data at net asset value:
<TABLE>
<S> <C>
The Series 81.9%
Six-Month CD(3) 48.5%
Moringstar Average of General U.S. Government Funds(4) 67.3%
Moringstar Average of World Bond Funds(4) 75.4%
</TABLE>
Unlike the Series, a CD is insured, and its rate and principal are
guaranteed if held until maturity. The FDIC insures CDs up to $100,000.
The CD rate is subject to change when the CD is renewed.
SEC-required uniformly computed average annual rates of total return at
the current maximum sales charge of 4.75% for the following periods
ended 6/30/95 were:
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Life of Series 5 Years 1 Year Life of Series
(inception: 9/30/88) (at net asset value)
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+8.47% +8.63% +8.20% +9.27%
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The investment return and principal value of an investment in the
Series will fluctuate so that shares, on any given day or when
redeemed, may be worth more or less than their original cost. The
results quoted herein represent past performance which is no indication
of future results.
Consistent Performance
The Income Series had consistently strong performance versus other
world bond funds for the periods ending 6/30/95.
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5 Years Top 18% (6th out of 27 funds)
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1 Year Top 31% (39th out of 125 funds)
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Source: Morningstar, Inc. Rankings are based on total return and do not
reflect sales charges. For the period from inception (9/30/88) through
6/30/95, the Series ranked in the top 19% (4th out of 21 funds).
(2) Total return reflects the percent change in net asset value
assuming the reinvestment of all distributions. If the sales charge
was reflected, the Series performance quoted would be reduced.
Period from 9/30/88 (inception) to 6/30/95.
(3) Source: Salomon Brothers.
(4) Source: Morningstar, Inc.
<PAGE>
Fund Facts and Figures as of 6/30/95
Assets: Capital Gains:
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$250 million Once a year, if any
Established: Average Portfolio Maturity:
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1988 8.8 years
Dividends: Minimum Initial Investment:
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Declared daily; paid monthly $1,000; $250 for IRAs
Portfolio Management In Action
Established in 1929, Lord, Abbett & Co. has over 65 years of investment
experience and manages over $17 billion in assets for individual investors and
institutions. In analyzing the global markets, the Firm works together with
Dunedin Fund Managers Limited of Scotland to manage the Income Series. Dunedin
and its predecessors have been managing global investments since 1873.
Important Information
Performance reflects appropriate Rule 12b-1 expenses from commencement of the
Plan. Tax consequences are not reflected. A current prospectus which contains
more complete information about the Fund, including charges and expenses, can be
obtained by calling your financial adviser or Lord, Abbett & Co. at
800-874-3733. An investor should read the prospectus carefully before
investing. Foreign investment risk factors include the potential for less
regulation and liquidity and more volatility than U.S. markets; currency
fluctuation; potentially less publicly-available information about companies,
banks and governments than for U.S. counterparts; lack of uniform accounting
standards among countries, impairing comparisons; potentially higher transaction
costs and different securities settlement and trading practices. Series shares
are neither insured nor guaranteed by any government or government agency. The
Series purchases short- and intermediate-term high-coupon securities at a
premium and distributes to shareholders all of the interest income on those
securities without amortizing the premiums. This practice is consistent with
applicable tax regulations and generally accepted accounting principles, but may
result in a decrease in the net asset value of shares of the Series as the
market value of the premium securities decreases over time. Dividends paid from
this interest income are taxable to shareholders as ordinary income. The Series'
sales charge structure has changed from the past.
If used after 9/30/95, this literature must be accompanied by Lord Abbett's
Performance Quarterly for the most recently completed calendar quarter.
[LOGO OF LORD,
ABBETT & CO. Lord, Abbett & Co.
APPEARS HERE] Investment Management
A Tradition of Performance Through Disciplined Investing
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The GM Building * 767 Fifth Avenue * New York, NY 10153-0203 * 800-426-1130
LAG-6I-695
(9/95)
