<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 0000893580
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
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000 J000000 A
001 A000000 GLOBAL HIGH INCOME PORTFOLIO
001 B000000 811-7302
001 C000000 4153926181
002 A000000 50 CALIFORNIA STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
003 000000 N
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007 C010500 5
007 C010600 6
007 C010700 7
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007 C011000 10
008 A000001 G.T. CAPITAL MANAGEMENT, INC.
008 B000001 A
008 C000001 801-10254
008 D010001 SAN FRANCISCO
008 D020001 CA
008 D030001 94111
010 A000001 G.T. CAPITAL MANAGEMENT, INC.
010 B000001 10254
010 C010001 SAN FRANCISCO
010 C020001 CA
010 C030001 94111
011 A000001 G.T. GLOBAL FINANCIAL SERVICES, INC.
011 B000001 8-37656
011 C010001 SAN FRANCISCO
011 C020001 CA
011 C030001 94111
012 A000001 G.T. GLOBAL INVESTOR SERVICES, INC.
012 B000001 84-1848
012 C010001 SAN FRANCISCO
<PAGE> PAGE 2
012 C020001 CA
012 C030001 94111
013 A000001 COOPERS & LYBRAND
013 B010001 BOSTON
013 B020001 MA
013 B030001 02109
015 A000001 STATE STREET BANK AND TRUST
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 21
019 C000000 GTGLOBALXX
020 A000001 J. P. MORGAN SECURITIES
020 C000001 44
020 A000002 CANTOR FITZGERALD & CO., INC.
020 C000002 8
020 A000003 CARGILL INVESTORS
020 C000003 3
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
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022 C000001 3055576
022 D000001 0
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022 C000002 116371
022 D000002 152411
022 A000003 SALOMON BROTHERS
022 C000003 52153
022 D000003 29322
022 A000004 J. P. MORGAN SECURITIES
022 C000004 41468
022 D000004 20987
022 A000005 MERRILL, LYNCH, PIERCE, FENNER & SMITH
022 C000005 49862
022 D000005 9973
022 A000006 LEHMAN BROTHERS INC.
022 C000006 46433
022 D000006 9853
022 A000007 BIL FRANKFURT
022 C000007 54341
022 D000007 0
<PAGE> PAGE 3
022 A000008 SMITH BARNEY SHEARSON
022 C000008 20923
022 D000008 27662
022 A000009 NATWEST SECURITIES
022 C000009 0
022 D000009 38451
022 A000010 BEAR, STEARNS & CO.
022 C000010 4102
022 D000010 28201
023 C000000 3508222
023 D000000 402282
024 000000 N
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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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SIGNATURE PAMELA RUDDOCK
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FUND'S SEMI-ANNUAL FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000893580
<NAME> GLOBAL HIGH INCOME PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 331797
<INVESTMENTS-AT-VALUE> 316557
<RECEIVABLES> 9901
<ASSETS-OTHER> 1875
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 328333
<PAYABLE-FOR-SECURITIES> 6289
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 241
<TOTAL-LIABILITIES> 6530
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 335046
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 53791
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (51806)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (15229)
<NET-ASSETS> 321802
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20753
<OTHER-INCOME> 0
<EXPENSES-NET> (1408)
<NET-INVESTMENT-INCOME> 19345
<REALIZED-GAINS-CURRENT> 61236
<APPREC-INCREASE-CURRENT> 606
<NET-CHANGE-FROM-OPS> (41285)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 254844
<NUMBER-OF-SHARES-REDEEMED> (292668)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (79109)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1217
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1408
<AVERAGE-NET-ASSETS> 331209
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
