<PAGE> PAGE 1
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000 C000000 0000893580
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000 J000000 A
001 A000000 GLOBAL HIGH INCOME PORTFOLIO
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001 C000000 4153926181
002 A000000 50 CALIFORNIA STREET
002 B000000 SAN FRANCISCO
002 C000000 CA
002 D010000 94111
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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 L.L.P.
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
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022 A000004 JP MORGAN
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022 C000007 31285
022 D000007 33649
022 A000008 MERRILL, LYNCH, PIERCE, FENNER & SMITH
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<PAGE> PAGE 3
022 D000008 32555
022 A000009 ING SECURITIES
022 C000009 6849
022 D000009 53600
022 A000010 CREDIT LYONNAIS
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022 D000010 24232
023 C000000 4327321
023 D000000 1061806
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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 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-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 343762
<INVESTMENTS-AT-VALUE> 348125
<RECEIVABLES> 28177
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 3383
<TOTAL-ASSETS> 379685
<PAYABLE-FOR-SECURITIES> 9849
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1196
<TOTAL-LIABILITIES> 11045
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 127464
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 158169
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 79564
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3443
<NET-ASSETS> 368640
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40562
<OTHER-INCOME> 0
<EXPENSES-NET> (3126)
<NET-INVESTMENT-INCOME> 37437
<REALIZED-GAINS-CURRENT> 69703
<APPREC-INCREASE-CURRENT> (37570)
<NET-CHANGE-FROM-OPS> 69569
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 276030
<NUMBER-OF-SHARES-REDEEMED> (424030)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (78431)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 3360
<AVERAGE-NET-ASSETS> 434661
<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> .72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
