-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950144-99-001595.txt : 19990215
<SEC-HEADER>0000950144-99-001595.hdr.sgml : 19990215
ACCESSION NUMBER:		0000950144-99-001595
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19990212
GROUP MEMBERS:		WACHOVIA BANK, NA
GROUP MEMBERS:		WACHOVIA CORP/ NC

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:		99534867

	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:			WACHOVIA CORP/ NC
		CENTRAL INDEX KEY:			0000774203
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				561473727
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		100 N MAIN ST
		STREET 2:		P O BOX 3099
		CITY:			WINSTON SALEM
		STATE:			NC
		ZIP:			27150
		BUSINESS PHONE:		9107705000

	MAIL ADDRESS:	
		STREET 1:		100 NORTH MAIN ST
		STREET 2:		P O BOX 3099
		CITY:			WINSTON SALEM
		STATE:			NC
		ZIP:			27150

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST WACHOVIA CORP
		DATE OF NAME CHANGE:	19910603
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<DESCRIPTION>ROYCE GLOBAL TRUST FUND
<TEXT>

<PAGE>   1
                                        
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                        
                                ---------------
                                        
                                        
                                  SCHEDULE 13G
                                 (RULE 13d-102)
                                       

        INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES
         13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
                                 RULE 13d-2(b)

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 2  )
                                            ----
                                        
                                        
                     Royce Global Trust Fund, Incorporated
- --------------------------------------------------------------------------------
                                (Name of Issuer)
                                        
                                        
                                        
                                        
                                     Common
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)
                                        
                                        
                                        
                                        
                                   78080N108
- --------------------------------------------------------------------------------
                                 (CUSIP Number)
                                        
                                        
                                        
                                        
                               December 31, 1998
- --------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed: 

    [   ]  Rule 13d-1(b)
    [   ]  Rule 13d(c)
    [   ]  Rule 13d-1(d)





<PAGE>   2

CUSIP NO.   78080N108                   13G            PAGE   2   OF   6   PAGES
         ---------------------                              -----    -----      

  (1)     NAMES OF REPORTING PERSONS                 
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          A.  Wachovia Corporation                                   56-1473727 
          B.  Wachovia Bank, National Association                    56-0927594
          ---------------------------------------------------------------------

  (2)     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)   [   ]
                                                                    (b)   [   ]

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

  (3)     SEC USE ONLY

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

  (4)     CITIZENSHIP OR PLACE OF ORGANIZATION                      

          A.  Wachovia Corporation                               North Carolina
          B.  Wachovia Bank, National Association                United States 
          ---------------------------------------------------------------------

                       (5)     SOLE VOTING POWER                        581,182
  NUMBER OF        
   SHARES              --------------------------------------------------------
 BENEFICIALLY          (6)     SHARED VOTING POWER                            0
  OWNED BY   
    EACH               --------------------------------------------------------
  REPORTING            (7)     SOLE DISPOSITIVE POWER                   581,182
 PERSON WITH 
                       --------------------------------------------------------
                       (8)     SHARED DISPOSITIVE POWER                       0

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

  (9)     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING         581,182
          PERSON
          ---------------------------------------------------------------------

 (10)     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
          SHARES*                                                         [   ]

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

 (11)     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                   6.9%

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

 (12)     TYPE OF REPORTING PERSON*

          A.  Wachovia Corporation                                           HC
          B.  Wachovia Bank, National Association                            HK 
          ---------------------------------------------------------------------
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   3

CUSIP No. 78080N108                                                  Page 3 of 6

ITEM 1 (a)        NAME OF ISSUER:

                  Royce Global Trust Fund, Incorporated

ITEM 1 (b)        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  1414 Avenue of the Americas
                  9th Floor
                  New York, NY  10019

ITEM 2 (a)        NAME OF PERSONS FILING:

                  Wachovia Corporation; and Wachovia Bank, National Association

ITEM 2 (b)        ADDRESS OF PRINCIPAL BUSINESS OFFICE:

                  Wachovia Corporation
                  100 North Main Street
                  Winston-Salem, North Carolina 27104

                  Wachovia Bank, National Association
                  100 North Main Street
                  Winston-Salem, North Carolina 27104

ITEM 2 (c)        CITIZENSHIP:

                  Wachovia Corporation                        North Carolina
                  Wachovia Bank, National Association         United States

ITEM 2 (d)        TITLE OF CLASS OF SECURITIES:

                  Common

ITEM 2 (e)        CUSIP NUMBER:

                  78080N108

ITEM 3            IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1 (B), OR
                  13D-3 (B) CHECK WHETHER THE PERSON FILING IS A:

                  (a)      ( )      Broker or Dealer registered under Section 15
                                    of the Act,

                  (b)      (X)      Bank as defined in Section 3 (a) (6) of the
                                    Act,

                  (c)      ( )      Insurance Company as defined in Section 3
                                    (a) (19) of the Act,

                  (d)      ( )      Investment Company registered under Section
                                    8 of the Investment Company Act,

                  (e)      ( )      Investment Advisor registered under Section
                                    203 of the Investment 


<PAGE>   4

CUSIP No. 78080N108                                                  Page 4 of 6


                      Advisor Act of 1940,

          (f)  ( )    Employee Benefit Plan Pension Fund which is 
                      subject to the provisions of the Employee
                      Retirement Income Security Act of 1974 or
                      Endowment Fund.

          (g)  (X)    Parent holding Company, in accordance with 
                      240.13d-1 (b) (ii) (G), (Wachovia Corporation)

          (h)  ( )    Group, in accordance with Rule 13d-1 (b) (1) (ii) (H)

ITEM 4    OWNERSHIP:

          The following information is as of December 31, 1998:

          (a)  Amount Beneficially Owned:                               581,182

          (b)  Percent of Class:                                            6.9%

          (c)  Number of Shares as to which such person has:

               (i)    Sole power to vote or to direct 
                      the vote                                          581,182
               (ii)   Shared power to vote or to direct the
                      vote                                                    0
               (iii)  Sole power to dispose or to direct the       
                      disposition of                                    581,182
               (iv)   Shared power to dispose or to direct 
                      the disposition of                                      0

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:

                 N/A

ITEM 7    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH 
          ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING 
          COMPANY:

          Included are the following subsidiaries of Wachovia Corporation - HC:

          Wachovia Bank, National Association - BK (wholly owned subsidiary of 
          Wachovia Corporation)

ITEM 8    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

                 N/A



<PAGE>   5

CUSIP NO. 78080N108                                                  Page 5 of 6

ITEM 9            NOTICE OF DISSOLUTION OF GROUP.

                         N/A

ITEM 10           CERTIFICATION:

                         By signing below, I certify that, to the best of my
                  knowledge and belief, the securities referred to above were
                  not acquired for the purpose of and do not have the effect of
                  changing or influencing the control of the issuer of such
                  securities and were not acquired in connection with or as a
                  participant in any transaction having such purposes or effect.

                                    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:    February 10, 1999

For:     WACHOVIA CORPORATION


         By:  /s/ William M. Watson, Jr.                       
            ----------------------------------------------
              William M. Watson, Jr.
              Senior Vice President, Counsel and Secretary



For:     WACHOVIA BANK, NATIONAL ASSOCIATION


         By:  /s/ William M. Watson, Jr.                       
            ----------------------------------------------
              William M. Watson, Jr.
              Senior Vice President, Counsel and Secretary

                       SEE AGREEMENT ATTACHED AS EXHIBIT A


<PAGE>   6

CUSIP No. 78080N108                                                  Page 6 of 6


                                                                       EXHIBIT A


                                    AGREEMENT

                                February 10, 1999

                  The understanding hereby agree to file a joint statement on
         Schedule 13G under the securities Exchange Act of 1934, as amended (the
         "Act") in connection with their beneficial ownership of common stock
         issued by Wachovia Corporation.

                  Each of the undersigned states that it is entitled to
         individually use Schedule 13G pursuant to Rule 13d-1 (c) of the Act.

                  Each of the undersigned is responsible for the timely filing
         of the statement and any amendments thereto, and for the completeness
         of the statement and any amendments thereto, and for the completeness
         and accuracy of the information concerning each of them contained
         therein but none is responsible for the completeness of accuracy of the
         information concerning the others.

                  This agreement applies to any amendments to Schedule 13G.


         Wachovia Corporation


         /s/ William M. Watson, Jr.
         --------------------------------------------
         William M. Watson, Jr.
         Senior Vice President, Counsel and Secretary

         Wachovia Bank, National Association


         /s/ William M. Watson, Jr.
         -------------------------------------------- 
         William M. Watson, Jr.
         Senior Vice President, Counsel and Secretary


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