-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000921895-97-000148.txt : 19970305
<SEC-HEADER>0000921895-97-000148.hdr.sgml : 19970305
ACCESSION NUMBER:		0000921895-97-000148
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970304
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYCE GLOBAL TRUST INC
		CENTRAL INDEX KEY:			0000825202
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				592876580
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-44423
		FILM NUMBER:		97550414

	BUSINESS ADDRESS:	
		STREET 1:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2125084578

	MAIL ADDRESS:	
		STREET 1:		C/O QUEST ADVISORY CORP
		STREET 2:		1414 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALL SEASONS GLOBAL FUND INC
		DATE OF NAME CHANGE:	19950803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAS ALL SEASON FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STEEL PARTNERS II L P
		CENTRAL INDEX KEY:			0000915653
		STANDARD INDUSTRIAL CLASSIFICATION:	 []

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		750 LEXINGTON AVE 27TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<DESCRIPTION>SCHEDULE 13D AMENDMENT NO. 4
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                 --------------

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934

                               (Amendment No. 4)(1)

                            ROYCE GLOBAL TRUST, INC.
                    (formerly ALL SEASONS GLOBAL FUND, INC.)
- --------------------------------------------------------------------------------
                                (Name of issuer)

                          COMMON STOCK, $.01 PAR VALUE
- --------------------------------------------------------------------------------
                         (Title of class of securities)

                                   01663K-101
- --------------------------------------------------------------------------------
                                 (CUSIP number)

                             STEVEN WOLOSKY, ESQUIRE
                     OLSHAN GRUNDMAN FROME & ROSENZWEIG LLP
                                 505 Park Avenue
                            New York, New York 10022
                                 (212) 753-7200
- --------------------------------------------------------------------------------
                  (Name, address and telephone number of person
                authorized to receive notices and communications)

                                February 28, 1997
- --------------------------------------------------------------------------------
             (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
/ /.

                  Note.  six copies of this  statement,  including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other parties to whom
copies are to be sent.

                         (Continued on following pages)

                               (Page 1 of 6 Pages)

- --------
1    The  remainder  of this  cover  page  shall be filled  out for a  reporting
person's  initial  filing on this  form with  respect  to the  subject  class of
securities,  and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The  information  required on the remainder of this cover page shall not be
deemed to be "filed"  for the purpose of Section 18 of the  Securities  Exchange
Act of 1934 or otherwise  subject to the  liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

<PAGE>


================================================================================
          1        NAME OF REPORTING PERSONS
                   S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                       STEEL PARTNERS II, L.P.
- --------------------------------------------------------------------------------
          2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  (a) / /
                                                                      (b) / /
- --------------------------------------------------------------------------------
          3        SEC USE ONLY

- --------------------------------------------------------------------------------
          4        SOURCE OF FUNDS*
                            NOT APPLICABLE
- --------------------------------------------------------------------------------
          5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
                   PURSUANT TO ITEM 2(d) OR 2(e)                          / /
- --------------------------------------------------------------------------------
          6        CITIZENSHIP OR PLACE OR ORGANIZATION

                            DELAWARE
- --------------------------------------------------------------------------------
      NUMBER OF            7          SOLE VOTING POWER
        SHARES
     BENEFICIALLY                              -0-
       OWNED BY
         EACH
      REPORTING
     PERSON WITH
                   -------------------------------------------------------------
                           8          SHARED VOTING POWER

                                               -0-
                   -------------------------------------------------------------
                           9          SOLE DISPOSITIVE POWER

                                               -0-
                   -------------------------------------------------------------
                          10          SHARED DISPOSITIVE POWER

                                               -0-
- --------------------------------------------------------------------------------
          11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                            -0-
- --------------------------------------------------------------------------------
          12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                       / /
- --------------------------------------------------------------------------------
          13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                                0%
- --------------------------------------------------------------------------------
          14       TYPE OF REPORTING PERSON*

                            PN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


================================================================================
          1        NAME OF REPORTING PERSONS
                   S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                                  STEEL PARTNERS SERVICES, LTD.
- --------------------------------------------------------------------------------
          2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*    (a) / /
                                                                        (b) / /
- --------------------------------------------------------------------------------
          3        SEC USE ONLY

- --------------------------------------------------------------------------------
          4        SOURCE OF FUNDS*
                            NOT APPLICABLE
- --------------------------------------------------------------------------------
          5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
                   PURSUANT TO ITEM 2(d) OR 2(e)                           / /
- --------------------------------------------------------------------------------
          6        CITIZENSHIP OR PLACE OR ORGANIZATION

                            NEW YORK
- --------------------------------------------------------------------------------
      NUMBER OF            7          SOLE VOTING POWER
        SHARES
     BENEFICIALLY                              -0-
       OWNED BY
         EACH
      REPORTING
     PERSON WITH
                   -------------------------------------------------------------
                           8          SHARED VOTING POWER

                                               - 0 -
                   -------------------------------------------------------------
                           9          SOLE DISPOSITIVE POWER

                                               -0-
                   -------------------------------------------------------------
                          10          SHARED DISPOSITIVE POWER

                                               - 0 -
- --------------------------------------------------------------------------------
          11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                            -0-
- --------------------------------------------------------------------------------
          12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                         / /
- --------------------------------------------------------------------------------
          13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                               0%
- --------------------------------------------------------------------------------
          14       TYPE OF REPORTING PERSON*

                            CO
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


================================================================================
          1        NAME OF REPORTING PERSONS
                   S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

                           WARREN LICHTENSTEIN
- --------------------------------------------------------------------------------
          2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*   (a) / /
                                                                       (b) / /
- --------------------------------------------------------------------------------
          3        SEC USE ONLY

- --------------------------------------------------------------------------------
          4        SOURCE OF FUNDS*
                            NOT APPLICABLE
- --------------------------------------------------------------------------------
          5        CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
                   PURSUANT TO ITEM 2(d) OR 2(e)                           / /
- --------------------------------------------------------------------------------
          6        CITIZENSHIP OR PLACE OR ORGANIZATION

                            USA
- --------------------------------------------------------------------------------
      NUMBER OF            7          SOLE VOTING POWER
        SHARES
     BENEFICIALLY                              -0-
       OWNED BY
         EACH
      REPORTING
     PERSON WITH
                   -------------------------------------------------------------
                           8          SHARED VOTING POWER

                                               - 0 -
                   -------------------------------------------------------------
                           9          SOLE DISPOSITIVE POWER

                                               -0-
                   -------------------------------------------------------------
                          10          SHARED DISPOSITIVE POWER

                                               - 0 -
- --------------------------------------------------------------------------------
          11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
                   PERSON

                            -0-
- --------------------------------------------------------------------------------
          12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
                   CERTAIN SHARES*                                      / /
- --------------------------------------------------------------------------------
          13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                               0%
- --------------------------------------------------------------------------------
          14       TYPE OF REPORTING PERSON*

                            IN
================================================================================

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


         This  constitutes  Amendment No. 4 ("Amendment  No. 4") to Schedule 13D
filed by the undersigned on September 28, 1995 (the "Schedule 13D"), as amended.
Except as  specifically  amended by this  Amendment  No. 4, the Schedule 13D, as
amended,  remains in full force and effect.  This Amendment No. 4 is being filed
by the Reporting Persons,  to report the sale of certain Shares by the Reporting
Persons.  Defined  terms shall have the meaning  specified in the Schedule  13D,
except as otherwise provided herein.

                  Item 3 is amended to read in its entirety as follows:

Item 3.           Source and Amount of Funds or Other Consideration.

                  Neither  Steel  Partners,  Services  nor  Warren  Lichtenstein
beneficially own any shares of the Registrant.

                  Items 5(a), (c) and (e) are amended to read as follows:

Item 5.           Interest in Securities of the Issuer.

                  (a) Neither Steel Partners, Services, nor Warren
Lichtenstein beneficially own any shares of the Registrant.

                  (c) The following  transactions  in Shares have occurred since
the most recent  filing on Schedule  13D.  All such  transactions  were  routine
brokerage transactions effected in the over-the-counter market.

Shares of Common                                                   Date of
   Stock Sold                Price Per Share                        Sale
   ----------                ---------------                        ----

                             STEEL PARTNERS II, L.P.
                             -----------------------
  521,746                            $4.60                        2/28/97


                          STEEL PARTNERS SERVICES, LTD.
                          -----------------------------
   59,436                            $4.60                        2/28/97

                               WARREN LICHTENSTEIN
                               -------------------
                                      None

                  (e) The Reporting  Persons ceased to be the beneficial  owners
of more than five  percent of the Common  Stock of the  Issuer on  February  28,
1997.


<PAGE>

                                   SIGNATURES


                  After reasonable  inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.


Dated: March 3, 1997                   STEEL PARTNERS II, L.P.

                                       By:  Steel Partners, L.L.C.,
                                            General Partner

                                       By:/s/ Warren G. Lichtenstein
                                          --------------------------
                                              Warren G. Lichtenstein,
                                              Chief Executive Officer

                                       STEEL PARTNERS SERVICES, LTD.


                                       By:/s/ Warren G. Lichtenstein
                                          --------------------------
                                              Warren G. Lichtenstein
                                              Chief Executive Officer


                                       /s/ Warren G. Lichtenstein
                                       --------------------------
                                           Warren G. Lichtenstein


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