<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 0000893580
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 CHANCELLOR LGT ASSET MANAGEMENT, INC.
008 B000001 A
008 C000001 801-10254
008 D010001 SAN FRANCISCO
008 D020001 CA
008 D030001 94111
010 A000001 CHANCELLOR LGT ASSET MANAGEMENT, INC.
010 B000001 10254
010 C010001 SAN FRANCISCO
010 C020001 CA
010 C030001 94111
011 A000001 GT GLOBAL, INC.
011 B000001 8-37656
011 C010001 SAN FRANCISCO
011 C020001 CA
011 C030001 94111
012 A000001 GT GLOBAL INVESTOR SERVICES, INC.
012 B000001 84-1848
012 C010001 WALNUT CREEK
<PAGE> PAGE 2
012 C020001 CA
012 C030001 94596
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 23
019 C000000 GTGLOBALXX
020 A000001 CS FIRST BOSTON
020 C000001 83
020 A000002 CARGILL INC.
020 C000002 2
020 A000003 MERILL, LYNCH, PIERCE, FENNER & SMITH
020 C000003 2
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 87
022 A000001 STATE STREET BANK & TRUST
022 C000001 4205680
022 D000001 0
022 A000002 GOLDMAN SACHS & CO.
022 C000002 259497
022 D000002 308898
022 A000003 SALOMON BROTHERS
022 C000003 167557
022 D000003 167094
022 A000004 J.P. MORGAN
022 C000004 154701
022 D000004 133048
022 A000005 BANKERS TRUST
022 C000005 121895
022 D000005 103416
022 A000006 CHASE MANHATTAN BANK N.A.
022 C000006 67681
022 D000006 114925
022 A000007 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC.
022 C000007 110156
022 D000007 64264
<PAGE> PAGE 3
022 A000008 BEAR, STEARNS & CO.
022 C000008 31481
022 D000008 32063
022 A000009 ING SECURITIES
022 C000009 17809
022 D000009 37702
022 A000010 SANTANDAR INVESTMENT SECURITIES
022 C000010 24394
022 D000010 26862
023 C000000 5339865
023 D000000 1143068
024 000000 Y
025 A000001 MERRILL, LYNCH & CO.
025 C000001 D
025 D000001 15990
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 Y
027 000000 Y
028 A010000 22134
028 A020000 0
028 A030000 0
028 A040000 30242
028 B010000 15908
028 B020000 0
028 B030000 0
028 B040000 20145
028 C010000 31984
028 C020000 0
028 C030000 0
028 C040000 24418
028 D010000 35116
028 D020000 0
028 D030000 0
028 D040000 35047
028 E010000 34262
028 E020000 0
028 E030000 0
<PAGE> PAGE 4
028 E040000 21560
028 F010000 37821
028 F020000 0
028 F030000 0
028 F040000 75433
028 G010000 177225
028 G020000 0
028 G030000 0
028 G040000 206845
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 N
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
<PAGE> PAGE 5
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 Y
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 Y
055 B000000 Y
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.7
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 5.2
062 J000000 0.0
062 K000000 0.6
<PAGE> PAGE 6
062 L000000 2.0
062 M000000 2.7
062 N000000 0.0
062 O000000 0.0
062 P000000 10.8
062 Q000000 77.0
062 R000000 0.0
063 A000000 0
063 B000000 12.6
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
<PAGE> PAGE 7
070 R020000 N
071 A000000 1080221
071 B000000 1105224
071 C000000 372344
071 D000000 290
072 A000000 12
072 B000000 45540
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 3015
072 G000000 0
072 H000000 0
072 I000000 0
072 J000000 182
072 K000000 0
072 L000000 0
072 M000000 7
072 N000000 0
072 O000000 0
072 P000000 164
072 Q000000 0
072 R000000 3
072 S000000 14
072 T000000 0
072 U000000 5
072 V000000 0
072 W000000 0
072 X000000 3390
072 Y000000 0
072 Z000000 42150
072AA000000 62517
072BB000000 0
072CC010000 31905
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 364
074 B000000 3112
074 C000000 32268
074 D000000 402198
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 2691
<PAGE> PAGE 8
074 J000000 19277
074 K000000 0
074 L000000 8577
074 M000000 6
074 N000000 468493
074 O000000 21062
074 P000000 280
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 80
074 S000000 0
074 T000000 447071
074 U010000 447071
074 U020000 0
074 V010000 1.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 2
074 Y000000 17963
075 A000000 0
075 B000000 425692
076 000000 0.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 CHUBB GROUP OF COMPANIES
080 C000000 21000
081 A000000 Y
081 B000000 48
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE PAMELA RUDDOCK
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FUND'S 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> YEAR
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 399436
<INVESTMENTS-AT-VALUE> 440270
<RECEIVABLES> 27854
<ASSETS-OTHER> 368
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 468492
<PAYABLE-FOR-SECURITIES> 21062
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 359
<TOTAL-LIABILITIES> 21421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 275464
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 120732
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9861
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 41014
<NET-ASSETS> 447071
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 45540
<OTHER-INCOME> 0
<EXPENSES-NET> (3390)
<NET-INVESTMENT-INCOME> 42150
<REALIZED-GAINS-CURRENT> 62517
<APPREC-INCREASE-CURRENT> 31905
<NET-CHANGE-FROM-OPS> 136572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 302410
<NUMBER-OF-SHARES-REDEEMED> (350592)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 88391
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3015
<INTEREST-EXPENSE> 164
<GROSS-EXPENSE> 3390
<AVERAGE-NET-ASSETS> 425692
<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> .83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>