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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LSJBpNz586AEz1xCrgTSGse75rf1/1kfRNEx0MXy4zC18a7hg/6LlTf0bL/PWQhy
 YQ1VXlMpkCyC5iqXmve0sg==

<SEC-DOCUMENT>0001019263-04-000023.txt : 20040713
<SEC-HEADER>0001019263-04-000023.hdr.sgml : 20040713
<ACCEPTANCE-DATETIME>20040713165818
ACCESSION NUMBER:		0001019263-04-000023
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040628
FILED AS OF DATE:		20040713

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WINMILL BASSETT STARR
		CENTRAL INDEX KEY:			0001019263

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08025
		FILM NUMBER:		04912448

	BUSINESS ADDRESS:	
		STREET 1:		11 HANOVER SQUARE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		2127850900

ISSUER:		

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

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bsw7-04_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-06-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001031235</issuerCik>
        <issuerName>GLOBAL INCOME FUND INC</issuerName>
        <issuerTradingSymbol>GIF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001019263</rptOwnerCik>
            <rptOwnerName>WINMILL BASSETT STARR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11 HANOVER SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10005</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-06-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3669</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>4.05</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7244</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Shares acquired through Issuer rights offering.</footnote>
        <footnote id="F2">Includes 358 shares held by Winmill &amp; Co. Incorporated and its affiliates, of which Mr. Winmill disclaims beneficial
ownership.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Thomas B. Winmill on behalf of Bassett S. Winmill by Power of Attorney signed 12/11/01</signatureName>
        <signatureDate>2004-07-13</signatureDate>
    </ownerSignature>
</ownershipDocument>

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