<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 0000893580
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
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
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004 000000 N
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 LGT ASSET MANAGEMENT, INC.
008 B000001 A
008 C000001 801-10254
008 D010001 SAN FRANCISCO
008 D020001 CA
008 D030001 94111
010 A000001 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
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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 82
020 A000002 MERRILL LYNCH
020 C000002 2
020 A000003 CARGILL INC.
020 C000003 1
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 85
022 A000001 STATE STREET BANK & TRUST
022 C000001 1349448
022 D000001 0
022 A000002 GOLDMAN SACHS & CO.
022 C000002 124219
022 D000002 140575
022 A000003 JP MORGAN
022 C000003 84340
022 D000003 80758
022 A000004 SALOMON BROTHERS
022 C000004 67620
022 D000004 80179
022 A000005 BANKERS TRUST
022 C000005 77241
022 D000005 58804
022 A000006 CHASE MANHATTAN BANK N.A.
022 C000006 32558
022 D000006 57381
022 A000007 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC.
022 C000007 59239
022 D000007 25514
<PAGE> PAGE 3
022 A000008 FIRST NATIONAL
022 C000008 18204
022 D000008 16909
022 A000009 ING SECURITIES
022 C000009 9965
022 D000009 24994
022 A000010 BEAR, STEARNS & CO.
022 C000010 19312
022 D000010 15315
023 C000000 1932608
023 D000000 576148
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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-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> APR-30-1996
<INVESTMENTS-AT-COST> 375353
<INVESTMENTS-AT-VALUE> 391251
<RECEIVABLES> 41772
<ASSETS-OTHER> 9009
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 442032
<PAYABLE-FOR-SECURITIES> 45052
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 378
<TOTAL-LIABILITIES> 45430
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 305084
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 101141
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (25448)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 15825
<NET-ASSETS> 396602
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 24308
<OTHER-INCOME> 0
<EXPENSES-NET> (1749)
<NET-INVESTMENT-INCOME> 22559
<REALIZED-GAINS-CURRENT> 27209
<APPREC-INCREASE-CURRENT> 6716
<NET-CHANGE-FROM-OPS> 56483
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 125185
<NUMBER-OF-SHARES-REDEEMED> (143747)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 37921
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1478
<INTEREST-EXPENSE> 164
<GROSS-EXPENSE> 1749
<AVERAGE-NET-ASSETS> 388617
<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> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
