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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001031235-00-000005.txt : 20000216
<SEC-HEADER>0001031235-00-000005.hdr.sgml : 20000216
ACCESSION NUMBER:		0001031235-00-000005
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19991231
FILED AS OF DATE:		20000215

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBAL INCOME FUND INC
		CENTRAL INDEX KEY:			0001031235
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133926714
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		
		SEC FILE NUMBER:	811-08025
		FILM NUMBER:		544983

	BUSINESS ADDRESS:	
		STREET 1:		11 HANOVER SQU
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		2127850903

	MAIL ADDRESS:	
		STREET 1:		11 HANOVER SQU
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BULL & BEAR GLOBAL INCOME FUND INC/
		DATE OF NAME CHANGE:	19970123
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			GLOBAL INCOME FUND INC
	CENTRAL INDEX KEY:			0001031235
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>OFFICER
	IRS NUMBER:				133926714
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		5

BUSINESS ADDRESS:	
	STREET 1:		11 HANOVER SQU
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10005
	BUSINESS PHONE:		2127850903

MAIL ADDRESS:	
	STREET 1:		11 HANOVER SQU
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10005

FORMER COMPANY:	
	FORMER CONFORMED NAME:	BULL & BEAR GLOBAL INCOME FUND INC/
	DATE OF NAME CHANGE:	19970123
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<DESCRIPTION>FORM 5
<TEXT>

                                                  ------------------------------
                                                           OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number
                                                  Expires:
                                                  Estimated average burden
                                                  hours per response ....... 1.0
                                                  ------------------------------


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 5

               ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

[_]  Form 3 Holdings Reported

[_]  Form 4 Transactions Reported

________________________________________________________________________________
1.   Name and Address of Reporting Person*

   Winmill                            Thomas                   B.
- --------------------------------------------------------------------------------
   (Last)                            (First)              (Middle)

                                11 Hanover Square
- --------------------------------------------------------------------------------
                                    (Street)

    New York                         New York               10005
- --------------------------------------------------------------------------------
   (City)                            (State)                (Zip)
________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol

                         Global Income Fund, Inc. (GIF)

________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



________________________________________________________________________________
4.   Statement for Month/Year

                                      12/99

________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Year)



________________________________________________________________________________
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [_]  10% Owner
     [X]  Officer (give title below)           [_]  Other (specify below)
          President
________________________________________________________________________________
7.   Individual or Joint/Group Filing
     (Check applicable line)

     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
________________________________________________________________________________


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                 5.             6.
                                                                 4.                              Amount of      Owner-
                                                                 Securities Acquired (A) or      Securities     ship
                                                                 Disposed of (D)                 Beneficially   Form:     7.
                                                                 (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of
                                      2.            3.           -----------------------------   of Issuer's    (D) or    Indirect
1.                                    Transaction   Transaction                  (A)             Fiscal Year    Indirect  Beneficial
Title of Security                     Date          Code             Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)    (Instr. 8)                   (D)             and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>             <C>         <C>    <C>      <C>            <C>       <C>
Global Income Fund, Inc.              9/1/98          L               1           A      5.44
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              10/1/98         L               1           A      5.70
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              11/2/98         L               1           A      5.66
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              12/3/98         L               1           A      5.94
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              12/31/98        L               2           A      5.46
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              1/29/99         L               2           A      5.39
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              3/1/99          L               2           A      5.25
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              4/1/99          L               1           A      4.98
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              8/31/99         L               1.943       A      4.94
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              9/30/99         L               1.984       A      4.89
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              10/29/99        L               2.117       A      4.63
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              11/30/99        L               2.111       A      4.69
- ------------------------------------------------------------------------------------------------------------------------------------
Global Income Fund, Inc.              12/31/99        L               2.260       A      4.43     202.415         D
====================================================================================================================================
</TABLE>
*    If the form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder:  Report on a separate line for each class of  securities  beneficially
owned directly or indirectly.


                                                                          (Over)
(Form 5-07/98)

<PAGE>


FORM 5 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                          9.        10.
                                                                                                          Number    Owner-
                                                                                                          of        ship
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-                      Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.                Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   4.       or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Trans-   of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     action   (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  Code     4 and 5)      Date     Expira-            Number  ity      Year      (I)      ship
Security            Secur-   Day/     (Instr.  ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    8)        (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>       <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>

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

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

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

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

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

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

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

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

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

====================================================================================================================================
</TABLE>
Explanation of Responses:



          Thomas B. Winmill                                     2/14/00
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


                                                                          Page 2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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