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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000938077-98-000123.txt : 19981228
<SEC-HEADER>0000938077-98-000123.hdr.sgml : 19981228
ACCESSION NUMBER:		0000938077-98-000123
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19981222

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEMENTE GLOBAL GROWTH FUND INC
		CENTRAL INDEX KEY:			0000814083
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133407699
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		
		SEC FILE NUMBER:	005-39655
		FILM NUMBER:		98773999

	BUSINESS ADDRESS:	
		STREET 1:		237 PARK AVE
		STREET 2:		C/O FURMAN SELZ
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128083942

	MAIL ADDRESS:	
		STREET 1:		152 W 57TH ST 25TH FLOOR
		STREET 2:		CARNEGIE HALL TOWER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DEEP DISCOUNT ADVISORS INC /NC/
		CENTRAL INDEX KEY:			0000938077
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				561827546

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		ONE WEST PACK SQU
		STREET 2:		SUITE 777
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28801
		BUSINESS PHONE:		7042741863

	MAIL ADDRESS:	
		STREET 1:		ONE WEST PACK SQUARE
		STREET 2:		SUITE 777
		CITY:			ASHEVILLE
		STATE:			NC
		ZIP:			28801
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<TEXT>




                       Securities and Exchange Commission
                             Washington, D.C. 20549
                        -------------------------------

                                  SCHEDULE 13D
                   Under the Securities Exchange Act of 1934
                                 Amendment No. 2

                        Clemente Global Growth Fund, Inc.
- - ------------------------------------------------------------------------------
                                (Name of Issuer)


                                 Common Stock
- - ------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   18556910
- - ------------------------------------------------------------------------------
                                 (CUSIP Number)

		Ralph W. Bradshaw  
		c/o Deep Discount Advisors, Inc.
		One West Pack Square, Suite 777
		Asheville, NC 28801
		(828) 255-4833

- - ------------------------------------------------------------------------------
                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


                                 December 17, 1998
- - ------------------------------------------------------------------------------
                         (Date of Event which Requires
                           Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box. [ ]


<PAGE>


CUSIP No.:  18556910                 13D                    Page 2 
- - ---------------------                                        --------

==========================================================================
1         NAME OF REPORTING PERSON
          S.S. OR I.R.S. ID NO. OF ABOVE PERSON

        Deep Discount Advisors, Inc.           
===========================================================================
2         CHECK THE APPROPRIATE BOX IF A MEMBER                        (a) [ ]
          OF A GROUP                                                   (b) [ ]
===========================================================================
3         SEC USE ONLY

===========================================================================
4         SOURCE OF FUNDS                                                OO
===========================================================================
5         CHECK BOX IF DISCLOSURE OF LEGAL                                 [ ]
          PROCEEDINGS IS REQUIRED PURSUANT TO
          ITEM 2(d) OR 2(e)
===========================================================================
6         CITIZENSHIP OR PLACE OF ORGANIZATION

                   One West Pack Square, Suite 777 Asheville, NC 28801
===========================================================================
  NUMBER OF  |    | SOLE VOTING POWER
   SHARES    |  7 |                                  884653
============================================================================
BENEFICIALLY |    | SHARED VOTING POWER                 0
    OWNED    |  8 |
============================================================================
  BY EACH    |    | SOLE DISPOSITIVE POWER          884653
 REPORTING   |  9 |                                                   
============================================================================
   PERSON    |    | SHARED DISPOSITIVE POWER             0
    WITH     | 10 |   
============================================================================
11        AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON                             884653
=======================================================================
12        CHECK IF THE AGGREGATE AMOUNT IN ROW                             [ ]
          (11) EXCLUDES CERTAIN SHARES
=======================================================================
13        PERCENT OF CLASS REPRESENTED BY
          AMOUNT IN ROW (11)                                           15.1%
=======================================================================
14        TYPE OF REPORTING PERSON                                          IA
======================================================================


<PAGE>



CUSIP No.:  18556910                 13D                    Page 3 
- - ---------------------                                        ----------

===============================================================================
1         NAME OF REPORTING PERSON
          S.S. OR I.R.S. ID NO. OF ABOVE PERSON
	
	Ron Olin Investment Management Company           
===============================================================================
2         CHECK THE APPROPRIATE BOX IF A MEMBER                        (a) [ ]
          OF A GROUP                                                   (b) [ ]
========================================================================
3         SEC USE ONLY

======================================================================
4         SOURCE OF FUNDS                                                   OO
======================================================================
5         CHECK BOX IF DISCLOSURE OF LEGAL                                 [ ]
          PROCEEDINGS IS REQUIRED PURSUANT TO
          ITEM 2(d) OR 2(e)
======================================================================
6         CITIZENSHIP OR PLACE OF ORGANIZATION

                   One West Pack Square, Suite 777 Asheville, NC 28801
=====================================================================
  NUMBER OF  |    | SOLE VOTING POWER
   SHARES    |  7 |                                  420900
=====================================================================
BENEFICIALLY |    | SHARED VOTING POWER                0
    OWNED    |  8 |
====================================================================
  BY EACH    |    | SOLE DISPOSITIVE POWER      420900
 REPORTING   |  9 |                                                   
=====================================================================
   PERSON    |    | SHARED DISPOSITIVE POWER              0
    WITH     | 10 |   
======================================================================
11        AGGREGATE AMOUNT BENEFICIALLY OWNED
          BY EACH REPORTING PERSON                  420900
=====================================================================
12        CHECK IF THE AGGREGATE AMOUNT IN ROW                             [ ]
          (11) EXCLUDES CERTAIN SHARES
=========================================================================
13        PERCENT OF CLASS REPRESENTED BY
          AMOUNT IN ROW (11)                             7.1%
=======================================================================
14        TYPE OF REPORTING PERSON                                          IA
=========================================================================


                               

<PAGE>

This Amendment No. 2, amends and supplements information in Item 1 and 
Item 5.



ITEM 1.           SECURITY AND ISSUER

                  This Schedule 13D relates to the shares of Common Stock of 
Clemente Global Growth Fund, Inc (the "Issuer").  The principal executive
offices of the Fund are located at 152 W. 57th Street, New York, NY 10019
	Ronald G. Olin, Chairman
	Leopoldo M. Clemente, Jr., President
	Thomas J. Prapas, Treasurer
	William H. Bohnett, Secretary


                  

ITEM 4.           PURPOSE OF TRANSACTION

The acquisition of the securities of the issuer was made for the purpose of
investment.  The reporting persons may acquire additional securities, or dispose
of the securities of the issuer from time to time.



<PAGE>




ITEM 5.           INTEREST IN SECURITIES OF THE ISSUER

                  (a) The Fund's quarterly report, dated November 16,1998,
states that, as of the close of business on September 30, 1998, there were 
5,892,400  shares of Common Stock outstanding. The percentage set forth 
in this Item 5(a) was derived using such number.

                  The Reporting Persons are the beneficial owners of 
1,305,553 shares of Common Stock, which constitute approximately 22.2% 
of the outstanding shares of Common Stock.
                

                  (c) Since the last filing, the following shares
of Common Stock were traded:



 Date                Number of Shares                  Price Per Share
- - -------            --------------------------               ---------------
12/11/98                 18000  bought                        11.5625
12/11/98                  9000  bought                        11.5
12/14/98                  7000  bought                        11.5
12/15/98                  3500  bought                        11.7143
12/16/98                 23400  bought                        11.8993
12/17/98                   900  bought                        11.7986
12/17/98                 42500  bought                        11.9235
12/18/98                 12400  bought                        11.9405
12/18/98                  8000  bought                        12.00
 

<PAGE>



                                   SIGNATURE


                  After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Date: December  22,1998                        Deep Discount Advisors, Inc.


                                               By: /s/ Ralph W. Bradshaw
                                            ----------------------------
                                            Name: Ralph W. Bradshaw
                                            Title:  Secretary








<PAGE>



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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