Edgar Filing: ABERDEEN GLOBAL INCOME FUND INC

Aberdeen Global Income Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number:		811-06342

Exact name of registrant as specified in charter:		Aberdeen Global Income Fund, Inc.

Address of principal executive offices:		1735 Market St, 32^nd Floor Philadelphia, PA 19103

Name and address of agent for service:		Ms. Andrea Melia Aberdeen Asset Management Inc. 1735 Market Street, 32nd Floor Philadelphia, PA 19103

Registrant’s telephone number, including area code: 1-866-839-5233

Date of fiscal year end: October 31

Date of reporting period: July 31, 2012

Item 1 – Schedule of Investments

Portfolio of Investments (unaudited)

As of July 31, 2012


Principal Amount (000)	Description			Value (US$)
CORPORATE BONDS - 18.5%
AUSTRALIA - 3.5%
			CFS Retail Property Trust,
AUD		500	6.25%, 12/22/14	$	543,431
			DnB NOR Boligkreditt,
AUD		500	6.25%, 6/08/16		551,134
			Kommunalbanken AS,
AUD		600	6.00%, 10/21/14		661,386
			National Capital Trust III,
AUD		500	4.4967%, 9/30/16 (a)(b)(c)		453,227
			St. George Bank Ltd.,
AUD		1,500	10.00%, 5/09/13 (a)(b)		1,640,745
			Wesfarmers Ltd.,
AUD		500	8.25%, 9/11/14		564,318

					4,414,241

BRAZIL - 1.3%
			Banco do Estado do Rio Grande do Sul,
USD		200	7.375%, 2/02/22 (d)		211,500
			Centrais Eletricas Brasileiras SA,
USD		200	5.75%, 10/27/21 (d)		224,500
			Odebrecht Finance Ltd.,
USD		220	7.50%, 9/14/15 (a)(c)(d)		233,200
			OGX Petroleo e Gas Participacoes SA,
USD		400	8.50%, 6/01/15 (a)(d)		352,500
			QGOG Atlantic,
USD		223	5.25%, 11/30/16 (a)(d)		231,556
			Rearden G Holdings EINS GmbH,
USD		190	7.875%, 3/30/15 (a)(d)		204,497
			Virgolino de Oliveira Finance Ltd.,
USD		200	11.75%, 2/09/17 (a)(d)		196,000

					1,653,753

CHINA - 0.8%
			China Overseas Finance Cayman Island II Ltd.,
USD		300	5.50%, 11/10/20 (a)(d)		321,864
			MCC Holding Hong Kong Corp. Ltd.,
USD		350	4.875%, 7/29/16 (d)		356,119
			Texhong Textile Group Ltd.,
USD		200	7.625%, 1/19/16 (d)		165,500
			Yancoal International Resources Development Co. Ltd.,
USD		200	5.73%, 5/16/22 (d)		204,338

					1,047,821

DOMINICAN REPUBLIC - 0.2%
			AES Andres Dominicana Ltd.,
USD		250	9.50%, 11/12/15 (a)(d)		260,937

EGYPT - 0.4%
			African Export-Import Bank,
USD		500	5.75%, 7/27/16		529,400

EL SALVADOR - 0.2%
			Telemovil Finance Co. Ltd.,
USD		300	8.00%, 10/01/14 (a)(d)		310,875

GEORGIA - 0.2%
			Georgian Oil and Gas Corp.,
USD		250	6.875%, 5/16/17 (d)		245,125

GUATEMALA - 0.3%
			Industrial Subordinated Trust,
USD		300	8.25%, 7/27/21 (d)		325,500

INDONESIA - 1.0%
			Adaro Indonesia PT,
USD		100	7.625%, 10/22/14 (a)(d)		106,880
			Indosat Palapa Co. BV,
USD		200	7.375%, 7/29/15 (a)(d)		223,500
			Majapahit Holding BV,
USD		330	7.75%, 10/17/16 (d)		383,625
			Pertamina Persero PT,
USD		500	4.875%, 5/03/22 (d)		525,000

					1,239,005

KAZAKHSTAN - 0.6%
			Halyk Savings Bank of Kazakhstan JSC,
USD		250	7.25%, 1/28/21 (d)		248,125
			Kazakhstan Temir Zholy Finance BV,
USD		200	6.95%, 7/10/42 (d)		221,000
			KazMunayGas National Co.,
USD		250	6.375%, 4/09/21 (d)		289,885

					759,010

MALAYSIA - 0.1%
			PETRONAS Capital Ltd.,
USD		110	7.875%, 5/22/22 (d)		154,786

MEXICO - 2.2%
			Bank of New York Mellon SA Institucion de Banca Multiple,
USD		443	9.625%, 5/02/18 (a)(d)		398,925

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of July 31, 2012


Principal Amount (000)	Description			Value (US$)
CORPORATE BONDS (continued)
MEXICO (continued)
			BBVA Bancomer SA,
USD		250	6.75%, 9/30/22 (a)(d)	$	258,750
			Desarrolladora Homex SAB de CV,
USD		200	9.75%, 3/25/16 (a)(d)		208,000
			Pemex Project Funding Master Trust,
USD		230	5.75%, 3/01/18 (a)		267,375
			Pemex Project Funding Master Trust,
USD		350	6.625%, 6/15/35 (a)		448,857
			Pemex Project Funding Master Trust,
USD		240	6.625%, 6/15/38 (a)		307,788
			Petroleos Mexicanos,
USD		460	6.50%, 6/02/41 (a)(d)		581,900
			Servicios Corporativos Javer SAPI de CV,
USD		400	9.875%, 4/06/16 (a)(d)		382,000

					2,853,595

NETHERLANDS - 0.2%
			GTB Finance BV,
USD		250	7.50%, 5/19/16 (d)		258,750

NEW ZEALAND - 1.9%
			Deutsche Bank AG,
NZD		2,000	3.57%, 12/16/12 (a)(b)		1,563,301
			General Electric Capital Corp.,
NZD		1,000	6.75%, 9/26/16		868,410

					2,431,711

NIGERIA - 0.2%
			Access Finance BV,
USD		250	7.25%, 7/25/17 (d)		248,015

PERU - 0.4%
			Banco de Credito del Peru,
USD		330	4.75%, 3/16/16 (a)(d)		348,150
			Corp. Azucarera del Peru SA,
USD		150	6.375%, 8/02/17 (a)(d)		153,375

					501,525

RUSSIA - 2.3%
			Alfa Bank OJSC Via Alfa Bond Issuance PLC,
USD		200	7.75%, 4/28/21 (d)		206,000
			Alfa Bank OJSC Via Alfa Bond Issuance PLC,
USD		350	7.875%, 9/25/17 (d)		372,750
			Russian Agricultural Bank OJSC Via RSHB Capital SA,
USD		300	7.75%, 5/29/18 (d)		352,125
			RZD Capital Ltd.,
USD		107	5.739%, 4/03/17		117,242
			RZD Capital Ltd.,
RUB		30,000	8.30%, 4/02/19 (d)		940,788
			Sberbank of Russia Via SB Capital SA,
USD		300	6.125%, 2/07/22 (d)		326,100
			VimpelCom Holdings BV,
USD		250	7.5043%, 3/01/22 (d)		243,750
			VTB Bank OJSC Via VTB Capital SA,
USD		180	6.551%, 10/13/20 (d)		186,750
			VTB Bank OJSC Via VTB Capital SA,
USD		200	6.875%, 5/29/18 (d)		214,000

					2,959,505

SUPRANATIONAL - 1.0%
			International Bank for Reconstruction & Development,
NZD		1,500	7.50%, 7/30/14		1,319,245

TURKEY - 0.4%
			Turkiye Vakiflar Bankasi Tao,
USD		200	5.75%, 4/24/17 (d)		206,585
			Yasar Holdings SA Via Willow No. 2,
USD		300	9.625%, 10/07/13 (a)(d)		294,000

					500,585

UNITED ARAB EMIRATES - 0.9%
			Dubai Electricity & Water Authority,
USD		970	7.375%, 10/21/20 (d)		1,093,675

VENEZUELA - 0.4%
			Petroleos de Venezuela SA,
USD		540	8.50%, 11/02/17 (a)(d)		452,250

Total Corporate Bonds - 18.5% (cost $21,840,605)					23,559,309

GOVERNMENT BONDS - 102.7%
ARGENTINA - 0.8%
			Argentine Republic Government International Bond,
USD		180	8.75%, 6/02/17		162,000
			Republic of Argentina,
USD		590	7.00%, 9/12/13		565,318

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of July 31, 2012


Principal Amount (000)	Description			Value (US$)
GOVERNMENT BONDS (continued)
ARGENTINA (continued)
			Republic of Argentina,
USD		470	7.00%, 4/17/17	$	341,912

					1,069,230

AUSTRALIA - 25.3%
			Australia Government Bond,
AUD		3,000	4.50%, 10/21/14		3,273,576
			Australia Government Bond,
AUD		700	4.75%, 4/21/27		853,132
			Australia Government Bond,
AUD		2,400	5.50%, 1/21/18		2,877,483
			Australia Government Bond,
AUD		1,610	5.50%, 4/21/23		2,057,783
			Australia Government Bond,
AUD		4,600	5.75%, 5/15/21		5,881,555
			Australia Government Bond,
AUD		7,710	5.75%, 7/15/22		9,990,230
			Queensland Treasury Corp.,
AUD		1,600	6.00%, 6/14/21 (e)		1,954,305
			Treasury Corp. of Victoria,
AUD		3,400	5.75%, 11/15/16		3,901,747
			Treasury Corp. of Victoria,
AUD		1,115	6.00%, 6/15/20		1,345,501

					32,135,312

BRAZIL - 1.9%
			Brazil Notas do Tesouro Nacional Serie F,
BRL		430	10.00%, 1/01/14		215,685
			Brazil Notas do Tesouro Nacional Serie F,
BRL		429	10.00%, 1/01/15		216,659
			Brazil Notas do Tesouro Nacional Serie F,
BRL		1,710	10.00%, 1/01/17		863,605
			Brazil Notas do Tesouro Nacional Serie F,
BRL		1,950	10.00%, 1/01/21		978,813
			Brazilian Government International Bond,
USD		150	5.625%, 1/07/41 (a)		195,750

					2,470,512

CANADA - 14.7%
			Canadian Government Bond,
CAD		2,000	8.00%, 6/01/23		3,212,225
			Canadian Government Bond,
CAD		2,000	9.00%, 6/01/25		3,604,308
			Canadian Government Bond,
CAD		3,000	10.25%, 3/15/14		3,430,294
			Hydro Quebec,
CAD		2,000	9.625%, 7/15/22		3,157,461
			Ontario Electricity Financial Corp.,
CAD		500	8.50%, 5/26/25		785,257
			Province of British Columbia Canada,
CAD		2,200	8.50%, 8/23/13		2,361,679
			Province of New Brunswick,
CAD		2,000	7.75%, 1/13/14		2,163,434

					18,714,658

COLOMBIA - 0.3%
			Colombia Government International Bond,
USD		240	7.375%, 3/18/19		319,200

CROATIA - 0.8%
			Croatia Government International Bond,
USD		500	6.25%, 4/27/17 (d)		516,900
			Croatia Government International Bond,
USD		420	6.625%, 7/14/20 (d)		432,600
			Croatia Government International Bond,
USD		100	6.75%, 11/05/19 (d)		105,000

					1,054,500

DOMINICAN REPUBLIC - 1.0%
			Dominican Republic International Bond,
USD		710	7.50%, 5/06/21 (d)		772,835
			Dominican Republic International Bond,
USD		400	8.625%, 4/20/27 (d)		440,000

					1,212,835

EGYPT - 0.4%
			Egypt Government International Bond,
USD		400	6.875%, 4/30/40 (d)		344,000
			Egypt Government International Bond,
USD		200	6.875%, 4/30/40 (d)		172,000

					516,000

EL SALVADOR - 0.2%
			El Salvador Government International Bond,
USD		200	8.25%, 4/10/32 (d)		230,000

HUNGARY - 1.2%
			Hungary Government Bond,
HUF		132,000	7.00%, 6/24/22		559,519
			Hungary Government Bond,
HUF		115,000	8.00%, 2/12/15		510,241

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of July 31, 2012


Principal Amount (000)	Description			Value (US$)
GOVERNMENT BONDS (continued)
HUNGARY (continued)
			Hungary Government International Bond,
EUR		400	4.50%, 1/29/14	$	488,272

					1,558,032

LITHUANIA - 0.9%
			Lithuania Government International Bond,
USD		140	6.125%, 3/09/21 (d)		160,132
			Lithuania Government International Bond,
USD		300	6.625%, 2/01/22 (d)		355,950
			Lithuania Government International Bond,
USD		620	6.75%, 1/15/15 (d)		675,800

					1,191,882

MALAYSIA - 1.2%
			Malaysia Government Bond,
MYR		850	3.21%, 5/31/13		272,066
			Malaysia Government Bond,
MYR		3,600	4.012%, 9/15/17		1,193,680

					1,465,746

MEXICO - 2.7%
			Mexico Fixed Rate Bonds,
MXN		3,000	7.25%, 12/15/16		246,636
			Mexico Fixed Rate Bonds,
MXN		5,100	7.50%, 6/03/27		450,668
			Mexico Fixed Rate Bonds,
MXN		3,350	8.00%, 12/07/23		310,035
			Mexico Government International Bond,
USD		1,780	6.05%, 1/11/40 (a)		2,462,630

					3,469,969

NEW ZEALAND - 20.2%
			New Zealand Government Bond,
NZD		900	5.00%, 3/15/19		807,750
			New Zealand Government Bond,
NZD		8,460	5.50%, 4/15/23		8,042,432
			New Zealand Government Bond,
NZD		7,150	6.00%, 4/15/15		6,302,473
			New Zealand Government Bond,
NZD		1,700	6.00%, 12/15/17		1,583,600
			New Zealand Government Bond,
NZD		8,305	6.00%, 5/15/21		8,061,613
			Province of Manitoba,
NZD		1,000	6.375%, 9/01/15		870,792

					25,668,660

PAKISTAN - 0.4%
			Pakistan Government International Bond,
USD		600	6.875%, 6/01/17 (d)		477,000

PERU - 1.4%
			Peru Government Bond,
PEN		1,850	7.84%, 8/12/20		851,240
			Peruvian Government International Bond,
USD		730	5.625%, 11/18/50		961,775

					1,813,015

PHILIPPINES - 1.0%
			Philippine Government International Bond,
USD		850	6.375%, 10/23/34		1,156,000
			Philippine Government International Bond,
USD		40	8.375%, 6/17/19		54,800

					1,210,800

POLAND - 0.1%
			Poland Government Bond,
PLN		450	5.75%, 9/23/22		143,586

QATAR - 0.8%
			Qatar Government International Bond,
USD		520	5.25%, 1/20/20 (a)(d)		611,780
			Qatar Government International Bond,
USD		330	6.40%, 1/20/40 (a)(d)		453,750

					1,065,530

ROMANIA - 0.5%
			Romanian Government International Bond,
USD		600	6.75%, 2/07/22 (d)		634,500

RUSSIA - 1.1%
			Russian Foreign Bond - Eurobond,
USD		500	5.00%, 4/29/20 (d)		567,000
			Russian Foreign Bond - Eurobond,
USD		523	7.50%, 3/31/30 (d)		649,510
			Vnesheconombank Via VEB Finance PLC,
USD		100	6.80%, 11/22/25 (d)		114,210

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (continued)

As of July 31, 2012


Principal Amount (000)	Description			Value (US$)
GOVERNMENT BONDS (continued)
RUSSIA (continued)
			Vnesheconombank Via VEB Finance PLC,
USD		100	6.902%, 7/09/20 (d)	$	113,500

					1,444,220

SENEGAL - 0.4%
			Senegal Goverment International Bond,
USD		400	8.75%, 5/13/21 (d)		445,520

SERBIA - 0.5%
			Republic of Serbia,
USD		600	7.25%, 9/28/21 (d)		609,000

SOUTH AFRICA - 2.3%
			Eskom Holdings Ltd.,
USD		920	5.75%, 1/26/21 (a)(d)		1,020,050
			South Africa Government Bond,
ZAR		8,790	10.50%, 12/21/26		1,355,217
			South Africa Government International Bond,
USD		160	5.50%, 3/09/20		190,400
			South Africa Government International Bond,
USD		290	6.25%, 3/08/41		391,500

					2,957,167

TURKEY - 3.4%
			Turkey Government Bond,
TRY		3,600	9.00%, 1/27/16		2,072,931
			Turkey Government Bond,
TRY		1,200	10.50%, 1/15/20		762,181
			Turkey Government International Bond,
USD		200	5.625%, 3/30/21		226,500
			Turkey Government International Bond,
USD		560	6.25%, 9/26/22		668,500
			Turkey Government International Bond,
USD		230	7.25%, 3/15/15		255,587
			Turkey Government International Bond,
USD		300	7.50%, 11/07/19		372,750

					4,358,449

UKRAINE - 0.5%
			Ukraine Government International Bond,
USD		700	6.58%, 11/21/16 (d)		642,089

UNITED KINGDOM - 16.0%
			United Kingdom Gilt,
GBP		6,205	4.25%, 12/07/49		12,420,098
			United Kingdom Gilt,
GBP		1,180	8.00%, 9/27/13		2,018,900
			United Kingdom Gilt,
GBP		3,000	8.00%, 12/07/15		5,940,820

					20,379,818

URUGUAY - 0.8%
			Uruguay Government International Bond,
UYU		10,669	4.25%, 4/05/27 (f)		557,434
			Uruguay Government International Bond,
UYU		9,342	5.00%, 9/14/18 (f)		490,028

					1,047,462

VENEZUELA - 1.7%
			Venezuela Government International Bond,
USD		1,080	5.75%, 2/26/16 (d)		950,400
			Venezuela Government International Bond,
USD		650	7.65%, 4/21/25		464,100
			Venezuela Government International Bond,
USD		500	11.95%, 8/05/31 (d)		465,625
			Venezuela Government International Bond,
USD		240	12.75%, 8/23/22 (d)		238,800

					2,118,925

VIETNAM - 0.2%
			Vietnam Government International Bond,
USD		220	6.875%, 1/15/16 (d)		238,150

Total Government Bonds - 102.7% (cost $111,014,673)					130,661,767

SHORT-TERM INVESTMENT - 1.0%
UNITED STATES - 1.0%
USD		1,351	Repurchase Agreement, State Street Bank & Trust Co., 0.03% dated 7/31/12, due 8/01/12 in the amount of $1,351,001, (collateralized by $605,000 U.S. Treasury Bond, 4.50% maturing 5/15/38; value of $853,037 and $535,000 U.S. Treasury Note, 0.88% maturing 7/31/19; value of $531,656)		1,351,000

Total Short-Term Investment - 1.0% (cost $1,351,000)					1,351,000

Total Investments - 122.2% (cost $134,206,278)					155,572,076

Liabilities in Excess of Other Assets - (22.2)%					(28,293,318	)

Net Assets - 100.0%				$	127,278,758

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio of Investments (unaudited) (concluded)

As of July 31, 2012

AUD - Australian Dollar

BRL - Brazilian Real

CAD - Canadian Dollar

EUR - Euro Currency

GBP - British Pound Sterling

HUF - Hungarian Forint

MXN - Mexican Peso

MYR - Malaysian Ringgit

NZD - New Zealand Dollar

PEN - Peruvian Nuevo Sol

PLN - Polish Zloty

RUB - New Russian Ruble

TRY - Turkish Lira

USD - U.S. Dollar

UYU - Uruguayan Peso

ZAR - South African Rand

(a)	The maturity date presented for these instruments represents the next call/put date.

(b)	Indicates a variable rate security. The maturity date presented for these instruments is the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted. The interest rate shown reflects the rate in effect at July 31, 2012.

(c)	Perpetual bond. This is a bond that has no maturity date, is redeemable and pays a steady stream of interest indefinitely.

(d)	Denotes a restricted security, see Note (c).

(e)	This security is government guaranteed.

(f)	Inflation linked security.

At July 31, 2012, the Fund’s open forward foreign currency exchange contracts were as follows:

Sale Contracts

Settlement Date

Counterparty

Amount
Purchased

Amount Sold

Fair Value

Unrealized
Depreciation

United States Dollar/British Pound

10/24/12

Morgan Stanley

USD 5,301,768

GBP 3,413,000

5,350,883

(49,115

)

United States Dollar/Euro Currency

10/24/12

JPMorgan Chase

USD 443,073

EUR 360,000

443,403

(330

)

United States Dollar/Hungarian Forint

10/24/12

Citibank

USD 482,351

HUF 114,161,000

492,955

(10,604

)

United States Dollar/New Zealand Dollar

10/24/12

Citibank

USD 8,245,758

NZD 10,435,000

8,402,590

(156,832

)

United States Dollar/Turkish Lira

10/24/12

Citibank

USD 1,075,994

TRY 1,983,000

1,090,775

(14,781

)

15,780,606

(231,662

)

At July 31, 2012, the Fund’s interest rate swaps were as follows:


Currency	Notional Amount		Expiration Date		Counterparty	Receive (Pay) Floating Rate		Floating Rate Index		Fixed Rate			Unrealized Depreciation
USD		20,000,000		10/31/14	Deutsche Bank		Receive		3-month LIBOR Index		0.82	%	$	(217,187	)
USD		4,000,000		08/19/16	UBS		Receive		3-month LIBOR Index		1.20	%		(110,523	)
USD		16,000,000		10/31/16	Barclays Bank		Receive		3-month LIBOR Index		1.42	%	$	(574,477	)

													$	(902,187	)

See Notes to Portfolio of Investments.

Aberdeen Global Income Fund, Inc.

Portfolio Composition (unaudited)

Quality of Investments

As of July 31, 2012, 70.5% of the Fund’s total investments were invested in securities where either the issue or the issuer was rated at “A” or better by Standard & Poor’s or Moody’s Investors Service, Inc., or, if unrated, judged to be of equivalent quality by the Investment Manager. The table below shows the asset quality of the Fund’s portfolio as of July 31, 2012, compared with the previous nine and twelve months:


	AAA/Aaa		AA/Aa		A		BBB/Baa		BB/Ba*		B*		CCC*
Date	%		%		%		%		%		%		%
July 31, 2012		45.9		17.3		7.3		17.0		6.4		5.8		0.3
October 31, 2011		42.7		23.2		6.9		12.4		8.2		6.6		0.0
July 31, 2011		47.7		16.1		7.0		13.9		8.6		6.7		0.0

*	Below investment grade

Geographic Composition

The Fund’s investments are divided into three categories: Developed Markets, Investment Grade Developing Markets and Sub-Investment Grade Developing Markets. The table below shows the geographical composition (with U.S. Dollar-denominated bonds issued by foreign issuers allocated into country of issuance) of the Fund’s total investments as of July 31, 2012, compared with the previous nine and twelve months:


	Developed Markets		Investment Grade Developing Markets		Sub-Investment Grade Developing Markets
Date	%		%		%
July 31, 2012		75.1		12.9		12.0
October 31, 2011		76.0		11.5		12.5
July 31, 2011		74.4		12.7		12.9

Currency Composition

The table below shows the currency composition of the Fund’s total investments as of July 31, 2012, compared with the previous nine and twelve months:


	Developed Markets		Investment Grade Developing Markets		Sub-Investment Grade Developing Markets
Date	%		%		%
July 31, 2012		94.5		3.7		1.8
October 31, 2011		96.1		2.1		1.8
July 31, 2011		94.3		3.1		2.6

Maturity Composition

As of July 31, 2012, the average maturity of the Fund’s total investments was 10.5 years, compared with 10.2 years at October 31, 2011 and 10.1 years at July 31, 2011. The table below shows the maturity composition of the Fund’s investments as of July 31, 2012, compared with the previous nine and twelve months:


	Under 3 Years		3 to 5 Years		5 to 10 Years		10 Years & Over
Date	%		%		%		%
July 31, 2012		18.7		14.0		37.9		29.4
October 31, 2011		24.8		11.6		28.4		35.2
July 31, 2011		22.3		13.5		33.0		31.2

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited)

July 31, 2012

Summary of Significant Accounting Policies

(a) Security Valuation:

The Fund is required to value its securities at fair value, which is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Securities are valued at the “Valuation Time.” The Valuation Time is as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time). Equity securities are typically valued at the last quoted sale price. If there is no sale price available, the last quoted mean price provided by an independent pricing service approved by the Board of Directors (the “Board”) is used. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Prices are typically obtained from the primary market or exchange on which each security trades. Investment companies are valued at net asset value as reported by such company. Securities using this pricing methodology are categorized as Level 1 investments for purposes of ASU 820.

Securities listed on a foreign exchange are valued either at fair value (see description below) or at the last sale price at the close of the exchange on which the security is principally traded. Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of the Valuation Time, as provided by an independent pricing service approved by the Board.

The Fund’s equity securities that are traded on a foreign exchange or market which closes prior to the Fund’s Valuation Time are fair valued by an independent pricing service. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security. The Fund receives a factor for each security from a third party pricing provider. If the pricing service is unable to provide a valuation factor for a security, the security will continue to be valued at the last sale price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee, if deemed necessary. When the fair value prices are utilized, the value assigned to the foreign securities may not be the same as quoted or published prices of the securities on their primary markets. Securities using this valuation factor are categorized as Level 2 investments.

Debt and other fixed-income securities (other than short-term obligations) are valued at the last quoted bid price and/or by using a combination of daily quotes and matrix evaluations provided by an independent pricing service, the use of which has been approved by the Board. In the event such quotes are not available from such pricing agents, then the security may be priced based on bid quotations from broker-dealers. Short-term debt securities of sufficient credit quality, such as commercial paper and U.S. Treasury Bills having a remaining maturity of 60 days or less at the time of purchase, are valued at amortized cost, which approximates fair value. Securities using these pricing methodologies are categorized as Level 2 investments.

Forward foreign currency contracts are valued at the last quoted bid price and/or by using a combination of daily quotes and matrix evaluations provided by a Board approved pricing agent. Swap agreements are valued daily based on the terms of the swap agreement by an independent pricing service provider. Bank loans are valued based on the terms of the bank loan by an independent pricing service provider. Forward foreign currency contracts, swap agreements and bank loans are categorized as Level 2 investments.

Future contracts traded on an exchange are valued at settlement price and are categorized as Level 1 investments.

A description of standard inputs considered by the third party pricing vendors in determining their evaluated prices for Level 2 securities is provided below.


Security Type		Standard inputs considered
Corporate debt, government debt, municipal, mortgage-backed and asset-backed securities		Reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity
Bank Loans		Reported trade data and broker-dealer price quotations
Forward foreign currency contracts		Forward exchange rate quotations
Foreign Equities utilizing a valuation factor		Fair value of market and/or sector indices, futures, depositary receipts, and ETFs, exchange rates, and historical opening and closing prices of each security
Swap agreements		Market information pertaining to the underlying reference assets, i.e., credit spreads, credit event probabilities, fair values, forward rates, and volatility measures

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

July 31, 2012

Securities for which market quotations are not readily available, or for which an independent pricing service does not provide a value or provides a value that does not represent fair value in the judgment of the Fund’s investment manager or designee, are valued at fair value under procedures approved by the Board. In addition, fair value determinations are required for securities whose value is affected by a “significant” event that materially affects the value of a domestic or foreign security which occurs subsequent to the time of the close of the principal market on which such domestic or foreign security trades and before the Valuation Time (i.e., a “subsequent event”). Typically, this will involve events occurring after the close of a foreign market on which a security trades and before the next Valuation Time.

For the period ended July 31, 2012, there have been no changes to the valuation procedures approved by the Board.

The Fund utilizes a three-tier fair value hierarchy to establish a classification of fair value measurements for disclosure purposes. The Level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable.

Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, which are based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

Level 1 – quoted prices in active markets for identical investments;

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc); or

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments, information provided by the General Partner or investee companies such as publicly traded prices, financial statements, capital statements).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of July 31, 2012 in valuing the Fund’s investments carried at value. Refer to the Portfolio of Investments for a detailed breakout of the security types:


Assets	Level 1		Level 2			Level 3
Fixed Income Investments
Corporate Bonds	$	—	$	23,559,309		$	—
Government Bonds		—		130,661,767			—

Total Fixed Income Investments		—		154,221,076			—
Short-Term Investment		—		1,351,000			—

Total Investments	$	—	$	155,572,076		$	—

Total Assets	$	—	$	155,572,076		$	—

Liabilities
Other Financial Instruments
Forward Foreign Currency Exchange Contracts	$	—	$	(231,662	)	$	—
Interest Rate Swap Agreements		—		(902,187	)		—

Total Liabilities – Other Financial Instruments	$	—	$	(1,133,849	)	$	—

Amounts listed as “—” are $0 or round to $0.

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

July 31, 2012

For movements between the levels within the fair value hierarchy, the Fund has adopted a policy of recognizing transfers at the end of each period. During the period ended July 31, 2012, there were no transfers between fair value measurement levels. For the period ended July 31, 2012, there have been no significant changes to the fair valuation methodologies.

(b) Repurchase Agreements:

The Fund may enter into repurchase agreements. It is the Fund’s policy that its custodian/counterparty segregate the underlying collateral securities, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. The repurchase price generally equals the price paid by the Fund plus interest negotiated on the basis of current short-term rates. To the extent that any repurchase transaction exceeds one business day, the collateral is valued on a daily basis to determine its adequacy. If the counterparty defaults and the value of the collateral declines or if bankruptcy proceedings are commenced with respect to the counterparty of the security, realization of the collateral by the Fund may be delayed or limited. The Fund held a repurchase agreement of $1,351,000 as of July 31, 2012.

(c) Restricted Securities:

Restricted securities are privately-placed securities whose resale is restricted under U.S. securities laws. The Fund may invest in restricted securities, including unregistered securities eligible for resale without registration pursuant to Rule 144A and privately-placed securities of U.S. and non-U.S. issuers offered outside the U.S. without registration pursuant to Regulation S under the Securities Act of 1933, as amended (the “1933 Act”). Rule 144A Securities may be freely traded among certain qualified institutional investors, such as the Fund, but resale of such securities in the U.S. is permitted only in limited circumstances.

(d) Foreign Currency Translation:

Foreign currency amounts are translated into U.S. Dollars on the following basis:

(i)	market value of investment securities, other assets and liabilities – at the exchange rates at the current daily rates of exchange; and

(ii)	purchases and sales of investment securities, income and expenses – at the rate of exchange prevailing on the respective dates of such transactions.

The Fund isolates that portion of the results of operations arising from changes in the foreign exchange rates due to the fluctuations in the market prices of the securities held at the end of the reporting period. Similarly, the Fund isolates the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of portfolio securities sold during the reporting period.

Net exchange gain/(loss) is realized from sales and maturities of portfolio securities, sales of foreign currencies, settlement of securities transactions, dividends, interest and foreign withholding taxes recorded on the Fund’s books. Net unrealized foreign exchange appreciation/(depreciation) includes changes in the value of portfolio securities and other assets and liabilities arising as a result of changes in the exchange rate. The net realized and unrealized foreign exchange gain/(loss) shown in the composition of net assets represents foreign exchange gain/(loss) for book purposes that may not have been recognized for tax purposes.

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (continued)

July 31, 2012

Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. Dollar. Generally, when the U.S. Dollar rises in value against foreign currency, the Fund’s investments denominated in that currency will lose value because its currency is worth fewer U.S. Dollars; the opposite effect occurs if the U.S. Dollar falls in relative value.

(e) Derivative Financial Instruments:

The Fund is authorized to use derivatives to manage currency risk, credit risk and interest rate risk and to replicate or as a substitute for physical securities. Losses may arise due to changes in the value of the contract or if the counterparty does not perform under the contract.

Forward Foreign Currency Exchange Contracts:

A forward foreign currency exchange contract (“forward contract”) involves an obligation to purchase and sell a specific currency at a future date at a price set at the time of the contract. Forward contracts are used to manage the Fund’s currency exposure in an efficient manner. They are used to sell unwanted currency exposure that comes with holding securities in a market, or to buy currency exposure where the exposure from holding securities is insufficient to give the desired currency exposure either in absolute terms or relative to the benchmark. The use of forward contracts allows the separation of decision making between markets and their currencies. The forward contract is marked-to-market daily and the change in market value is recorded by the Fund as unrealized appreciation or depreciation. Forward contracts’ prices are received daily from an independent pricing provider. When the forward contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts and from unanticipated movements in exchange rates.

Futures Contracts:

The Fund may invest in financial futures contracts (“futures contracts”) for the purpose of hedging its existing portfolio securities or securities that the Fund intends to purchase against fluctuations in value caused by changes in prevailing market interest rates or prices. Futures contracts may also be entered into for non-hedging purposes; however, in those instances, the aggregate initial margin and premiums required to establish the Fund’s positions may not exceed 5% of the Fund’s net asset value (“NAV”) after taking into account unrealized profits and unrealized losses on any such contract it has entered into.

Upon entering into a futures contract, the Fund is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount (“initial margin deposit”). Subsequent payments, known as “variation margin,” are calculated each day, depending on the daily fluctuations in the fair value/market value of the underlying assets. An unrealized gain or (loss) equal to the variation margin is recognized on a daily basis. Futures contracts are valued daily at their last quoted sale price on the exchange on which they are traded.

A “sale” of a futures contract means a contractual obligation to deliver the securities or foreign currency called for by the contract at a fixed price at a specified time in the future. A “purchase” of a futures contract means a contractual obligation to acquire the securities or foreign currency at a fixed price at a specified time in the future.

Should market conditions change unexpectedly, the Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. The use of futures transactions for hedging purposes involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the value/market value of the underlying hedged assets.

Swaps:

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset or notional principal amount. The Fund will enter into swaps only on a net basis, which means that the two payment streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the difference between the two

Aberdeen Global Income Fund, Inc.

Notes to Portfolio of Investments (unaudited) (concluded)

July 31, 2012

payments. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The loss incurred by the failure of a counterparty is generally limited to the net interest payment to be received by the Fund, and/or the termination value at the end of the contract. Therefore, the Fund considers the creditworthiness of each counterparty to a swap contract in evaluating potential credit risk. Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index. The Fund records unrealized gains/(losses) on a daily basis representing the value and the current net receivable or payable relating to open swap contracts. Net amounts received or paid on the swap contract are recorded as realized gains/(losses). Fluctuations in the value of swap contracts are recorded for financial statement purposes as unrealized appreciation or depreciation of swap contracts. Realized gains/(losses) from terminated swaps are included in net realized gains/(losses) on swap contracts transactions.

The Fund is a party to International Swap Dealers Association, Inc. Master Agreements (“ISDA Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the-counter derivative and foreign exchange contracts, entered into by the Fund and the counterparty. The ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral, and events of default or termination. The occurrence of a specified event of termination may give a counterparty the right to terminate all of its contracts and affect settlement of all outstanding transactions under the applicable ISDA Master Agreement.

(f) Security Transactions, Investment Income and Expenses:

Securities transactions are recorded on the trade date. Realized and unrealized gains/(losses) from security and currency transactions are calculated on the identified cost basis. Interest income is recorded on an accrual basis. Discounts and premiums on securities purchased are accreted or amortized on an effective yield basis over the estimated lives of the respective securities. Expenses are accrued on a daily basis.

(g) Distributions:

It is the Fund’s current policy to pay distributions from net investment income supplemented by net realized foreign exchange gains, net realized short-term capital gains and return of capital distributions, if necessary, on a monthly basis. The Fund will also declare and pay distributions at least annually from net realized gains on investment transactions and net realized foreign exchange gains, if any. Dividends and distributions to shareholders are recorded on the ex-dividend date.

Dividends and distributions to shareholders are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatments for foreign currencies, loss deferrals and recognition of market discount and premium.

(h) Federal Income Taxes:

At July 31, 2012, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation from investments were as follows:


Tax Cost Basis	Appreciation		Depreciation			Net Unrealized Appreciation
$144,054,752	$	13,340,723	$	(1,823,399	)	$	11,517,324

Aberdeen Global Income Fund, Inc.

Item 2 – Controls and Procedures

(a)

It is the conclusion of the Registrant’s principal executive officer and principal financial officer that the effectiveness of the Registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the Registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the Registrant has been accumulated and communicated to the Registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b)

There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940, as amended) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3 – Exhibits.

(a)

Certifications required pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Aberdeen Global Income Fund, Inc.


By:		/s/Christian Pittard
		Christian Pittard, President of Aberdeen Global Income Fund, Inc.

Date:		September 26, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


By:		/s/Christian Pittard
		Christian Pittard, President of Aberdeen Global Income Fund, Inc.

Date:		September 26, 2012


By:		/s/Andrea Melia
		Andrea Melia, Treasurer of Aberdeen Global Income Fund, Inc.

Date:		September 26, 2012