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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000919574-98-000233.txt : 19980218
<SEC-HEADER>0000919574-98-000233.hdr.sgml : 19980218
ACCESSION NUMBER:		0000919574-98-000233
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980217
SROS:			NASD

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 13G/A
		SEC ACT:		
		SEC FILE NUMBER:	005-44423
		FILM NUMBER:		98541203

	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:			MAGTEN ASSET MANAGEMENT CORP
		CENTRAL INDEX KEY:			0000898345
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				132925888

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		35 EAST 21ST STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		2125296612

	MAIL ADDRESS:	
		STREET 2:		35 EAST 21ST STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<TEXT>






<PAGE>



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

SCHEDULE 13G
Under the Securities Exchange Act of 1934

Amendment No.: 2

Name of Issuer: Royce Global Trust, Inc. (formerly
                All Season Global Fund, Inc.)

Title of Class of Securities:  Common Stock

CUSIP Number: 78080N108


*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 the
disclosures provided in a prior cover page.

The information required in 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 ("Act") 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).

CUSIP Number: 78080N108

1.  Name of Reporting Person
    S.S. or I.R.S. Identification No. of Above Person
         Magten Asset Management Corp.
         

2.  Check the Appropriate Box if a Member of a Group
         a.   
         b.   X

3.  SEC Use Only

4.  Citizenship or Place of Organization
         Delaware





<PAGE>


Number of Shares Beneficially Owned by Each Reporting Person
With:

5.  Sole Voting Power:
         -0-

6.  Shared Voting Power:
         520,450

7.  Sole Dispositive Power:
         -0-

8.  Shared Dispositive Power:
         843,900

9.  Aggregate Amount Beneficially Owned by Each Reporting
Person
         843,900

10. Check Box if the Aggregate Amount in Row (9) Excludes
    Certain Shares

11. Percent of Class Represented by Amount in Row (9)
         10.6%

12. Type of Reporting Person
         IA, CO

Item 1(a) Name of Issuer: Royce Global Trust, Inc.

      (b)Address of Issuer's Principal Executive Offices:
         1414 Avenue of the Americas, New York, NY 10019

Item 2(a) - (c).  Name, Principal Business Address, and
Citizenship of Persons Filing:

         Magten Asset Management Corp. ("Magten")
         35 East 21st St., New York, NY 10010
         Corp. organized under the laws of the State of
          Delaware

    (d)  Title of Class of Securities:  Common Stock

    (e)  CUSIP Number:  78080N108







                            -2-





<PAGE>


Item 3.  This statement is filed pursuant to Rule
13d-1(b)(1).

    /x/  Investment Adviser registered under Section 203 of
         the Investment Advisers Act of 1940.

 Item 4. Ownership.
         (a) Amount Beneficially Owned: 843,900
         (b) Percent of Class: 10.6% 
         (c) 520,450 shares with shared power to vote or to
direct the vote; 843,900 shares with shared power to dispose
or to direct the disposition of.

Item 5.  Ownership of Five Percent or Less of a Class.

         N/A

Item 6.  Ownership of More than Five Percent on Behalf of
Another Person.
    
         Magten's investment advisory clients have the right
to receive dividends from the securities to which this
Schedule 13G relates.  The following investment advisory
client has such an interest with respect to more than five
percent of the class of securities to which this Schedule
13G relates:  General Motors Employees Domestic Group
Pension Trust.

Item 7.  Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported by the Parent
Holding Company.
    
         N/A

Item 8.  Identification and Classification of Members of the
Group.
    
         N/A

Item 9.  Notice of Dissolution of the Group.
    
         N/A

Item 10. By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired in the ordinary course of business and were not
acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such



                            -3-





<PAGE>


securities and were not acquired in connection with or as a
participant in any transaction having such purposes or
effect.

         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.



By: /s/ Talton R. Embry                     February 13, 1998
    _________________________               ___________________
   Title: Managing Director                 Date
   





































                               -4-
01651001.AI5

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