<SEC-DOCUMENT>0001193125-09-007667.txt : 20110513
<SEC-HEADER>0001193125-09-007667.hdr.sgml : 20110513
<ACCEPTANCE-DATETIME>20090116172436
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-09-007667
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20090116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABERDEEN GLOBAL INCOME FUND INC
		CENTRAL INDEX KEY:			0000876717
		IRS NUMBER:				133334183
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1735 MARKET STREET
		STREET 2:		32ND FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		215-405-5700

	MAIL ADDRESS:	
		STREET 1:		1735 MARKET STREET
		STREET 2:		32ND FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ABERDEEN COMMONWEALTH INCOME FUND INC
		DATE OF NAME CHANGE:	20010601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST COMMONWEALTH FUND INC
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<HTML><HEAD>
<TITLE>RESPONSE LETTER</TITLE>
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<IMG SRC="g14897g07b06.jpg" ALT="LOGO"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1">1775 I Street, N.W.<BR>Washington,&nbsp;DC&nbsp;20006-2401<BR></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1">+1 202 261 3300 Main<BR></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1">+1 202 261 3333 Fax<BR></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1">www.dechert.com</FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:1px">&nbsp;</P></TD></TR>
<TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Sander M. Bieber<BR></B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1">sander.bieber@dechert.com<BR></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="1">+1 (202) 261-3308 Direct<BR></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="1">+1 (202) 261-3008 Fax</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:36px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">January&nbsp;16, 2009 </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Christian Sandoe </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Division of
Investment Management </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Securities and Exchange Commission </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT
FACE="Times New Roman" SIZE="2">100 F Street, NE </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Washington, DC 20549 </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="13%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Re:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Global Income Fund, Inc. (the &#147;Fund&#148;) </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="13%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SEC File No.&nbsp;811-06342 </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">Dear Mr.&nbsp;Sandoe:
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">This letter responds to comments that you provided to Victoria M. Szybillo of Dechert LLP in a telephonic discussion on January&nbsp;9,
2009 with respect to the Fund&#146;s preliminary proxy statement filed on January&nbsp;2, 2009 (&#147;Preliminary Proxy Statement&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman"
SIZE="2">A summary of each Staff comment and the Fund&#146;s related response to each comment are set forth below. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><B><U>Comment
1:</U></B> The Staff inquired about the status of Fund directors with expiring terms, who are nominated for re-election, if the Fund failed to obtain a quorum to hold the scheduled Stockholder Meeting before the directors&#146; respective terms
expired. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2"><U>Response</U>: The Fund is a Maryland corporation. Section&nbsp;2-405(a) of the Maryland General Corporation Law provides
that, if directors are not elected at the designated time, the directors remain in office and are deemed to be &#147;holding over&#148; and &#147;shall continue to manage the business and affairs of the corporation until their successors are elected
and qualify&#148;. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:13%"><FONT FACE="Times New Roman" SIZE="2">For this reason, the proxy statement upon which the Staff commented contains the emphasized language in the meeting
notice: &#147;To elect two Directors to serve as Class II Directors for three-year terms <B>and until their successors are duly elected and qualify</B>&#148;. Similarly, the description of this proposal in the descriptive portion of the proxy
statement states: &#147;[The nominees are nominated] to serve as Class II Directors for three-year terms, to expire at the Annual Meeting of Stockholders to be held in 2012, <B>and until their successors are duly elected and qualify</B>.&#148;
</FONT></P> <P STYLE="margin-top:120px;margin-bottom:0px; margin-left:14%; text-indent:-1%"><FONT FACE="Times New Roman" SIZE="1">US Austin Boston Charlotte Hartford New York Newport Beach Philadelphia Princeton San Francisco Silicon Valley
Washington&nbsp;DC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:14%; text-indent:-1%"><FONT FACE="Times New Roman" SIZE="1">EUROPE Brussels London Luxembourg Munich Paris ASIA Beijing Hong Kong </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

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<IMG SRC="g14897g07b06.jpg" ALT="LOGO"></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr. Christian Sandoe</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">January&nbsp;16, 2009</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2">Page 2</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:36px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2">In sum, if the Fund fails to obtain a quorum to hold the scheduled Stockholder Meeting before the
directors&#146; respective terms expire, those directors hold over until a quorum is obtained and the directors are duly (re)elected. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman"
SIZE="2"><B><U>Comment 2</U>:</B> Please clarify the relationship among the Fund, the Fund&#146;s Manager, and the Fund&#146;s proposed sub-adviser, Aberdeen Asset Management Investment Services Limited (&#147;AAMISL&#148;). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2"><U>Response</U>: Since 2004, the Fund has been managed by Aberdeen Asset Management Asia Limited, a Singapore corporation. In providing investment
management services to the Fund under a management agreement dated as of June&nbsp;7, 2006, the Manager, pursuant to a Memorandum of Understanding (&#147;MOU&#148;), utilizes the services of certain persons located in London at unregistered
investment advisers of the Aberdeen Group (&#147;London Employees&#148;). Under the MOU, the Manager supervises the services provided by the London Employees as they relate to the Fund. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2">Until 2005, the Aberdeen Group did not have a US-registered investment adviser located in London. In December 2005, AAMISL, a US-registered investment
adviser located in London, was acquired by Aberdeen Asset Management PLC. By approving the Sub-Advisory Agreement among the Fund, Aberdeen Asset Management Asia Limited, and AAMISL, the services provided to the Fund by the London Employees, pursuant
to the MOU, will be subject to the terms of a Section&nbsp;15 sub-advisory agreement, with all of its inherent investor protection, and the oversight of AAMISL&#146;s Chief Compliance Officer. While the personnel, facilities, and resources currently
provided in London will remain virtually the same, the engagement and proximity of AAMISL will provide for the efficient oversight of such services. Therefore, the Fund&#146;s stockholders are being asked to approve the Sub-Advisory Agreement among
the Fund, Aberdeen Asset Management Asia Limited and Aberdeen Asset Management Investment Services Limited. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;* </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2">We believe that the
foregoing is responsive to the Staff&#146;s comments. Please contact the undersigned at (202)&nbsp;261-3308 if you wish to discuss this correspondence further. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT
FACE="Times New Roman" SIZE="2">Sincerely yours, </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Sander M. Bieber </U></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2">Sander M. Bieber </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; margin-left:12%"><FONT FACE="Times New Roman" SIZE="2">SMB </FONT></P>
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<SEQUENCE>2
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