UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number			811-07540
Global High Income Dollar Fund Inc.
(Exact name of registrant as specified in charter)
51 West 52nd Street, New York, New York				10019-6114
(Address of principal executive offices)				(Zip code)
Mark F. Kemper, Esq. UBS Global Asset Management (US) Inc. 51 West 52nd  Street New York, NY 10019-6114
(Name and address of agent for service)
Copy to:
Jack W. Murphy, Esq. Dechert LLP 1775 I Street, N.W. Washington, DC 20006-2401
Registrant's telephone number, including area code:			212-882 5000
Date of fiscal year end:	October 31
Date of reporting period:		January 31, 2005

Item 1.  Schedule of Investments

Global High Income Dollar Fund Inc.

Portfolio of Investments – January 31, 2005 (Unaudited)

Principal Amount (000)			Maturity Dates	Interest Rates		Value
Foreign Debt Securities – 93.56%
Argentina – 10.06%
$	13,900	Banco de Galicia y Buenos Aires	01/01/14	4.000	% †	$	10,547,320
2,587		Republic of Argentina	04/01/07	2.000	††	514,833
7,189		Republic of Argentina	12/28/10	2.000	††	2,652,848
ARS	4,270	Republic of Argentina	01/03/10	2.000		2,254,351
$	6,760	Republic of Argentina	01/03/16	2.000		3,156,920
10,070		Republic of Argentina (1)	08/03/12	2.008	††	8,574,605
5,000		Republic of Argentina (1)	03/31/23	6.000		2,775,000
						30,475,877
Brazil – 23.05%
8,156		Brazil Real Credit-Linked Note (4)	01/03/07	11.631	@	5,932,915
23,360		Federal Republic of Brazil	04/15/24	6.000	††	21,783,200
1,200		Federal Republic of Brazil	01/20/34	8.250		1,126,800
1,520		Federal Republic of Brazil	10/14/19	8.875		1,569,400
5,270		Federal Republic of Brazil	04/15/24	8.875		5,296,350
2,290		Federal Republic of Brazil	07/14/14	10.500		2,662,125
10,920		Federal Republic of Brazil	08/17/40	11.000		12,656,280
13,058		Federal Republic of Brazil, C	04/15/14	8.000		13,367,770
6,000		Federal Republic of Brazil, DISC	04/15/24	3.063	††	5,460,000
						69,854,840
Bulgaria – 1.02%
2,450		Republic of Bulgaria	01/15/15	8.250		3,099,250
Colombia – 2.88%
5,876		Republic of Colombia	04/09/11	9.750		6,651,933
1,840		Republic of Colombia	01/28/33	10.375		2,088,400
						8,740,333
Ecuador – 4.21%
8,255		Republic of Ecuador	08/15/30	8.000	†	7,656,512
5,500		Republic of Ecuador, 144A	08/15/30	8.000	†	5,101,250
						12,757,762
El Salvador – 1.43%
1,450		Republic of El Salvador, 144A	09/21/34	7.625		1,497,125
2,770		Republic of El Salvador	04/10/32	8.250		2,832,325
						4,329,450
Germany – 3.46%
8,500		Aries Vermogensverwaltungs, 144A	10/25/14	9.600		10,497,500

Principal Amount (000)			Maturity Dates	Interest Rates		Value
Mexico – 13.26%
$	3,170	Conproca S.A. de C.V.	06/16/10	12.000	%	$	4,010,050
683		PEMEX Finance Ltd.	05/15/07	8.020		711,426
5,500		PEMEX Project Funding Master Trust	02/01/22	8.625		6,517,500
3,000		PEMEX Project Funding Master Trust	10/13/10	9.125		3,577,500
1,250		Petroleos Mexicanos, 144A	03/30/18	9.250		1,575,000
15,797		United Mexican States	04/08/33	7.500		17,676,843
MXN	40,000	United Mexican States	12/29/05	9.000		3,572,327
28,900		United Mexican States	12/24/09	9.000		2,555,483
						40,196,129
Netherlands – 1.96%
EUR	781	ING Bank NV (2)	05/31/14	5.054	@	543,475
1,115		ING Bank NV (2)	05/31/13	5.515	@	831,763
1,373		ING Bank NV (2)	05/31/12	6.022	@	1,093,826
2,136		ING Bank NV (2)	05/31/11	6.555	@	1,841,678
1,093		ING Bank NV (2)	05/31/10	7.145	@	1,015,875
606		ING Bank NV (2)	05/31/09	7.793	@	603,369
						5,929,986
Panama – 2.21%
$	3,920	Republic of Panama	09/30/27	8.875		4,351,200
950		Republic of Panama	01/16/23	9.375		1,111,500
1,040		Republic of Panama	01/16/23	9.375		1,216,800
						6,679,500
Peru – 2.46%
890		Republic of Peru	05/03/16	8.375		965,650
220		Republic of Peru	05/03/16	8.375		238,700
1,100		Republic of Peru	02/06/15	9.875		1,317,250
5,330		Republic of Peru, FLIRB	03/07/17	4.500	††	4,943,575
						7,465,175
Philippines – 2.35%
1,515		Republic of Philippines	01/15/19	9.875		1,607,718
5,000		Republic of Philippines	03/16/25	10.625		5,518,500
						7,126,218
Poland – 0.85%
PLZ	8,110	Republic of Poland	06/24/08	5.750		2,570,183
Qatar – 4.50%
$	9,120	State of Qatar	06/15/30	9.750		13,634,400
Russia – 10.80%
5,700		Russian Federation	03/31/30	5.000	†	5,977,590
18,984		Russian Federation, 144A	03/31/30	5.000	†	19,908,090
8,060		Russian Ministry of Finance	05/14/11	3.000		6,851,000
						32,736,680

Principal Amount (000)			Maturity Dates	Interest Rates		Value
Slovakia – 1.27%
SKK	120,000	Republic of Slovakia	01/14/07	0.123	%@	$	3,858,359
Turkey – 2.69%
$	2,000	Turkish Credit-Linked Note (2)(4)	10/06/05	0.000	@	2,518,323
1,060		Republic of Turkey	02/14/34	8.000		1,097,100
2,830		Republic of Turkey	06/30/11	9.000		3,204,975
940		Republic of Turkey	01/15/30	11.875		1,341,850
						8,162,248
Ukraine – 2.01%
5,560		Republic of Ukraine	06/11/13	7.650		6,102,100
Uruguay – 0.51%
1,727		Republic of Uruguay	01/15/33	7.875		1,536,756
2		Republic of Uruguay, PIK	01/15/33	7.875		2,049
						1,538,805
Venezuela – 2.58%
1,520		Republic of Venezuela	10/08/14	8.500		1,546,600
3,180		Republic of Venezuela	09/15/27	9.250		3,275,400
2,900		Republic of Venezuela	01/13/34	9.375		2,992,800
						7,814,800
Total Foreign Debt Securities (cost–$258,393,545)						283,569,595

Number of
Rights
(000)
Rights – 0.16%
Mexico – 0.04%
1,885	United Mexican States Value Recovery Rights, Series C, Expiration Date 06/30/05 (3)	25,448
1,885	United Mexican States Value Recovery Rights, Series D, Expiration Date 06/30/06 (3)	48,067
1,885	United Mexican States Value Recovery Rights, Series E, Expiration Date 06/30/07 (3)	42,412
		115,927
Venezuela – 0.12%
27	Venezuela Oil Indexed Payment Obligations, Expiration Date 4/15/20 (2)(3)	381,500
Total Rights (cost–$0)		497,427

Principal Amount (000)			Maturity Dates	Interest Rates		Value
Short-Term Investments  – 6.48%
Russia – 2.19%
Time Deposit – 2.19%
$	4,000	Russia Over the Counter (2)(4)	08/22/05	3.000	%*	$	3,912,580
2,710		Russia Over the Counter (2)(4)	08/22/05	3.500	*	2,711,694
						6,624,274

Number of
Shares
(000)
United States – 4.29%
Other – 4.29%
13,012	UBS Supplementary Trust U.S. Cash Management Prime Fund **	2.280	*	13,011,604
Total Short-Term Investments (cost–$19,721,604)				19,635,878
Total Investments –100.20% # (Cost $278,115,149)				303,702,900
Liabilities in excess of cash and other assets – (0.20%)				(595,627		)
Net Assets – 100.00%				$	303,107,273

NOTES TO SCHEDULE OF INVESTMENTS

Aggregate cost for federal income tax purposes was $278,115,149; and net unrealized appreciation consisted of:

Gross unrealized appreciation	$	26,526,172
Gross unrealized depreciation	(938,421		)
Net unrealized appreciation	$	25,587,751

Note:	The Portfolio of Investments is listed by the issuer’s country of origin.
†	Reflects rate at January 31, 2005 on step coupon rate instruments.
††	Reflects rate at January 31, 2005 on variable rate instruments.
@	Reflects annualized yield at January 31, 2005 on zero coupon bonds.
*	Interest rate reflects yield at January 31, 2005.
**	Security is issued by a fund that is advised by a related entity of UBS Global Asset Management (US) Inc., Global High Income Dollar Fund Inc.’s advisor.
(1)	Bond interest in default.
(2)	Security is illiquid. These securities amounted to $15,454,083 or 5.10% of net assets.
(3)	Rights do not currently accrue income. Quarterly income, if any, will vary based on several factors including oil exports, prices and inflation.
(4)	Security is being fair valued by a valuation committee under the direction of the Board of Directors. At January 31, 2005 the value of these securities amounted to $15,075,512 or 4.97% of net assets.

#	Global High Income Dollar Fund Inc. (the “Fund”) calculates its net asset value based on the current market value, where available, for its portfolio securities. The Fund normally obtains market values for its securities from independent pricing sources and broker-dealers. Independent pricing sources may use reported last sale prices, current market quotations or valuations from computerized “matrix” systems that derive values based on comparable securities. A matrix system incorporates parameters such as security quality, maturity and coupon, and/or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio securities. Securities traded in the over-the-counter (“OTC”) market and listed on The Nasdaq Stock Market, Inc. (“NASDAQ”) normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price available on the valuation date prior to valuation. Securities which are listed on U.S. and foreign stock exchanges normally are valued at the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. In cases where securities are traded on more than one exchange, the securities are valued on the exchange designated as the primary market by UBS Global Asset Management (US) Inc. (“UBS Global AM”), the investment advisor and administrator of the Fund. UBS Global AM is an indirect wholly owned asset management subsidiary of UBS AG, an internationally diversified organization with headquarters in Zurich, Switzerland and operations in many areas of the financial services industry. If a market value is not available from an independent pricing source for a particular security, that security is valued at fair value as determined in good faith by or under the direction of the Fund’s board of directors. All investments quoted in foreign currencies will be valued weekly in U.S. Dollars on the basis of the foreign currency exchange rates.
144A	Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2005, the value of these securities amounted to $38,578,965 or 12.73% of net assets.
ARS	Argentina Peso
C	Front-Loaded Interest Reduction with Capitalized Interest Bond
DCB	Debt Conversion Bond
DISC	Discount Bond
EUR	Euro
FLIRB	Front-Loaded Interest Reduction Bond
MXN	Mexican Peso
PIK	Payment in Kind
PLZ	Polish Zloty
SKK	Slovakia Koruna

Futures Contracts

Global High Income Dollar Fund Inc. had the following open futures contracts as of January 31, 2005:

	Expiration Dates	Cost/ Proceeds		Current Value		Unrealized Appreciation/ (Depreciation)
U.S. Treasury Note Futures Buy Contracts:
5 Year U.S. Treasury Notes, 152 contracts	March 2005	$	16,580,450	$	16,606,000	$		25,550
U.S. Treasury Bond Futures Sale Contracts:
10 Year U.S. Treasury Bonds, 527 contracts	March 2005	59,037,917		60,522,656		(1,484,739			)
10 Year U.S. Treasury Notes, 65 contracts	March 2005	7,256,078		7,297,266		(41,188			)
Total net unrealized depreciation on futures contracts						$	(1,500,377		)

Forward Foreign Currency Contracts

	Contracts to Deliver	In Exchange For		Maturity Dates	Unrealized Appreciation
Chinese Renminbi	47,924,077	USD	5,960,706	07/05/05	$	45,060
Euro	7,200,000	USD	9,443,520	04/21/05	33,630
United States Dollar	5,960,706	MXN	69,916,102	07/05/05	113,991
United States Dollar	7,445,708	THB	288,000,000	04/21/05	24,915
Total net unrealized appreciation on forward foreign currency contracts					$	217,596

Currency Type Abbreviations:

MXN	Mexican Peso
THB	Thai Bhat
USD	United States Dollar

Industry Diversification

As a Percent of Net Assets

As of January 31, 2005 (Unaudited)

Foreign Debt Securities
International Corporate Bonds
Commercial Banks	5.44	%
Oil & Gas	3.85
Diversified Financial Services	3.46
Construction & Engineering	1.32
Capital Markets	0.23
Total International Corporate Bonds	14.30
Foreign Government Bonds	79.26
Total Foreign Debt Securities	93.56
Rights	0.16
Short-Term Investments	6.48
Total Investments	100.20
Liabilities in excess of cash and other assets	(0.20	)
Net Assets	100.00	%

1) Transactions with Related Entities

The Fund invests in shares of the UBS Supplementary Trust U.S. Cash Management Prime Fund (“Supplementary

Trust”). Supplementary Trust is a business trust managed by UBS Global Asset Management (Americas) Inc., a related entity of UBS Global AM and is offered as a cash management option only to mutual funds and certain other accounts.

Distributions from Supplementary Trust are reflected as interest income. Amounts relating to those investments at January 31, 2005

and for the period then ended are summarized as follows:

Purchases	Sales Proceeds	Interest Income	Value	% of Net Assets
$95,557,684	$92,664,628	$45,886	$13,011,604	4.29	%

For more information regarding the Fund’s other significant accounting policies, please refer to the Fund’s annual report to shareholders dated October 31, 2004.

Item 2.  Controls and Procedures.

(a)The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“Investment Company Act”)) are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b)The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3.  Exhibits.

(a)Certifications of principal executive officer and principal financial officer of registrant pursuant to Rule 30a-2(a) under the Investment Company Act is attached hereto as Exhibit EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Global High Income Dollar Fund Inc.

By:	/s/ Joseph A. Varnas
	Joseph A. Varnas
	President
Date:	April 1, 2005

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Joseph A. Varnas
	Joseph A. Varnas
	President
Date:	April 1, 2005
By:	/s/ Thomas Disbrow
	Thomas Disbrow
	Treasurer
Date:	April 1, 2005