-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000913/0001005477-00-006467/0001005477-00-006467.txt : 20000922
<SEC-HEADER>0001005477-00-006467.hdr.sgml : 20000922
ACCESSION NUMBER:		0001005477-00-006467
CONFORMED SUBMISSION TYPE:	3/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000614
FILED AS OF DATE:		20000912

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
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		3/A
			SEC ACT:		
			SEC FILE NUMBER:	811-08025
			FILM NUMBER:		721571
</FILING-VALUES>

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

				MAIL ADDRESS:	
					STREET 1:		11 HANOVER SQU
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10005
</MAIL-ADDRESS>

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

							FILING VALUES:
								FORM TYPE:		3/A
</FILING-VALUES>

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

									MAIL ADDRESS:	
										STREET 1:		11 HANOVER SQU
										CITY:			NEW YORK
										STATE:			NY
										ZIP:			10005
</MAIL-ADDRESS>

										FORMER COMPANY:	
											FORMER CONFORMED NAME:	BULL & BEAR GLOBAL INCOME FUND INC/
											DATE OF NAME CHANGE:	19970123
</FORMER-COMPANY>
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3/A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>AMENDMENT TO FORM 3
<TEXT>


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                     FORM 3

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    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

- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*

   Pelaez               Monica
- --------------------------------------------------------------------------------
   (Last)               (First)                 (Middle)

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

    N.Y.                  N.Y.                  10005
- --------------------------------------------------------------------------------
   (City)               (State)                 (Zip)

- --------------------------------------------------------------------------------
2. Date of Event Requiring Statement (Month/Day/Year)

                                    6/14/00
- --------------------------------------------------------------------------------
3. IRS Identification Number of Reporting Person, if an entity (Voluntary)


- --------------------------------------------------------------------------------
4. Issuer Name and Ticker or Trading Symbol

                         Global Income Fund, Inc. / GIF
- --------------------------------------------------------------------------------
5. Relationship of Reporting Person to Issuer
   (Check all applicable)

|_|   Director                             |_|   10% Owner
|X|   Officer (give title below)           |_|   Other (specify below)

                                      V.P.
- --------------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)

                                      N/A
- --------------------------------------------------------------------------------
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 Beneficially Owned
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                 3. Ownership Form:
                                      2. Amount of Securities       Direct (D) or
1. Title of Security                     Beneficially Owned         Indirect (I)       4. Nature of Indirect Beneficial Ownership
   (Instr. 4)                            (Instr. 4)                 (Instr. 5)            (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
   <S>                                   <C>                         <C>                  <C>
   Common Stock                          N/A                         N/A                  N/A
- -----------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

* If the Form is filed by more than one Reporting Person see instruction
5(b)(v).

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


                                  Page 1 of 2
<PAGE>

FORM 3 (continued)

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

<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                        5. Owner-
                                                    3. Title and Amount of Securities                      ship
                                                       Underlying Derivative Security                      Form of
                           2. Date Exercisable         (Instr. 4)                                          Derivative
                              and Expiration Date   ---------------------------------    4. Conver-        Security:
                              (Month/Day/Year)                             Amount           sion or        Direct      6. Nature of
                           ----------------------                          or               Exercise       (D) or         Indirect
                             Date       Expira-                            Number           Price of       Indirect       Beneficial
1. Title of Derivative       Exer-      tion                               of               Derivative     (I)            Ownership
   Security (Instr. 4)       cisable    Date        Title                  Shares           Security       (Instr. 5)     (Instr. 5)
- ------------------------------------------------------------------------------------------------------------------------------------
   <S>                       <C>        <C>         <C>                    <C>           <C>            <C>            <C>
   N/A                       N/A        N/A         N/A                    N/A           N/A            N/A            N/A
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Explanation of Responses:


/s/ Monica Pelaez                                        9/11/2000
- ---------------------------------------------            -----------------------

      ** 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 of 2

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