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<PAGE> PAGE 2
011 C010002 NEW YORK
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012 A000001 AMERICAN STOCK TRANSFER & TRUST CO.
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<PAGE> PAGE 3
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<PAGE> PAGE 9
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SIGNATURE ALAN MANDEL
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000911638
<NAME> GLOBAL PARTNERS INCOME FUND INC.
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> AUG-31-1997
<INVESTMENTS-AT-COST> 284,198,691
<INVESTMENTS-AT-VALUE> 307,100,671
<RECEIVABLES> 12,729,764
<ASSETS-OTHER> 445
<OTHER-ITEMS-ASSETS> 40,164
<TOTAL-ASSETS> 319,871,044
<PAYABLE-FOR-SECURITIES> 7,756,750
<SENIOR-LONG-TERM-DEBT> 75,000,000
<OTHER-ITEMS-LIABILITIES> 2,379,442
<TOTAL-LIABILITIES> 85,136,192
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 202,606,110
<SHARES-COMMON-STOCK> 14,507,134
<SHARES-COMMON-PRIOR> 14,507,134
<ACCUMULATED-NII-CURRENT> 2,263,633
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,639,379
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,225,730
<NET-ASSETS> 234,734,852
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 30,460,210
<OTHER-INCOME> 0
<EXPENSES-NET> 7,897,809
<NET-INVESTMENT-INCOME> 22,562,401
<REALIZED-GAINS-CURRENT> 18,834,581
<APPREC-INCREASE-CURRENT> 16,819,689
<NET-CHANGE-FROM-OPS> 58,216,671
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 24,879,757
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 33,336,914
<ACCUMULATED-NII-PRIOR> 4,580,989
<ACCUMULATED-GAINS-PRIOR> (13,195,202)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,447,677
<INTEREST-EXPENSE> 4,985,618
<GROSS-EXPENSE> 7,897,809
<AVERAGE-NET-ASSETS> 222,453,529
<PER-SHARE-NAV-BEGIN> 13.88
<PER-SHARE-NII> 1.55
<PER-SHARE-GAIN-APPREC> 2.46
<PER-SHARE-DIVIDEND> 1.71
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> 3.55
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<AVG-DEBT-PER-SHARE> 5.17
</TABLE>
October 16, 1997
To the Shareholders and Board of
Directors of.Global Partners Income
Fund Inc.
In planning and performing our audit
of the financial statements of Global
Partners Income Fund Inc. (the "Fund")
for the year ended August 31, 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 internal control.
The management of the Fund 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 control activities.
Generally, control activities 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 control activities
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 internal
control would not necessarily disclose
all matters in 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 any
specific 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 internal control, including
control activities for safeguarding
securities, that we consider to be
material weaknesses as defined above
as of August 31, 1997.This report is
intended solely for the information
and use of management and the Board
of Directors of the Fund and the
Securities and Exchange Commission.
PRICE WATERHOUSE LLP
