<PAGE> PAGE 1
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<PAGE> PAGE 2
011 C020002 IL
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<PAGE> PAGE 3
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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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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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SIGNATURE PAUL SCHUBERT
TITLE TREASURER
<TABLE> <S> <C>
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<CIK> 0000880943
<NAME> STRATEGIC GLOBAL INCOME
<SERIES>
<NUMBER> 1
<NAME> STRATEGIC GLOBAL INCOME
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<DISTRIBUTIONS-OF-GAINS> (3455)
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</TABLE>
Report of Independent Auditors
To the Shareholders and Board of Directors of
Strategic Global Income Fund, Inc.
In planning and performing our audit of the financial
statements of Strategic Global Income Fund, Inc. for the
year ended November 30, 1997, 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 the internal control.
The management of Strategic Global Income Fund, Inc. 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
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control would not
necessarily disclose all matters in the 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 errors or
irregularities 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 the internal control and its operation,
including controls for safeguarding securities, that we
consider to be material weaknesses as defined above at
November 30, 1997.
This report is intended solely for the information and
use of the shareholders, board of directors and
management of Strategic Global Income Fund, Inc.
and the Securities and Exchange Commission.
ERNST & YOUNG LLP
New York, New York
January 23, 1998
N-SAR Exhibit
STRATEGIC GLOBAL INCOME, FUND
File #811-6475
Item 77D
Change in Fund's investment policy
The Fund's board has amended the Fund's investment
policy of normally investing at least 65% of its
total assets in certain types of securities rated
at least BBB by Standard & Poor's, Baa by Moody's
Investors Services or, if not rated by them,
determined by Mitchell Hutchins to be of
comparable quality. This investment policy now
provides that at least 65% of the Fund's total
assets will consist of such securities or
receivables from the sale of such securities.
