N-CSR

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-7994
Salomon Brothers Global Partners Income Fund Inc.
(Exact name of registrant as specified in charter)
125 Broad Street, New York, NY					10004
(Address of principal executive offices)					(Zip code)
Robert I. Frenkel, Esq. C/o Citigroup Asset Management 300 First Stamford Place, 4th Floor Stamford, CT 06902
(Name and address of agent for service)
Registrant’s telephone number, including area code:				(800) 725-6666
Date of fiscal year end:	August 31
Date of reporting period:		August 31, 2005

ITEM 1.                  REPORT TO STOCKHOLDERS.

The Annual Report to Stockholders is filed herewith.

EXPERIENCE	Salomon Brothers Global Partners Income Fund Inc.
ANNUAL REPORT
AUGUST 31, 2005

Salomon Brothers
Global Partners Income Fund Inc.

ANNUAL REPORT, AUGUST 31, 2005

What’s Inside	Letter from the Chairman	1
	Manager Overview	4
	Fund at a Glance	10
	Schedule of Investments	11
	Statement of Assets and Liabilities	28
	Statement of Operations	29
	Statements of Changes in Net Assets	30
	Statement of Cash Flows	31
	Financial Highlights	32
Fund Objective The Fund seeks to maintain a high level of current income by investing primarily in a portfolio of high-yield U.S. and non-U.S. corporate debt securities. As a secondary objective, the Fund seeks capital appreciation.	Notes to Financial Statements	33
	Report of Independent Registered Public Accounting Firm	43
	Board Approval of Management Agreement	44
	Additional Information	49
	Annual Chief Executive Officer and Chief Financial Officer Certification	53
	Dividend Reinvestment Plan	54

Letter from the Chairman

Dear Shareholder, The U.S. economy overcame several obstacles during the reporting period and continued to expand at a brisk pace. Rising interest rates, record high oil prices, and geopolitical issues threatened to send the economy into a “soft patch.” In addition, the devastation caused by Hurricane Katrina led to fears of a possible recession. However, when all was said and done, fourth quarter 2004 and first quarter 2005 gross domestic product (“GDP”)i growth was 3.8% and the second quarter GDP growth was 3.3%, another solid advance. This marked nine consecutive quarters in which GDP grew 3.0% or more. As expected, the Federal Reserve Board (“Fed”)ii continued to raise interest rates over the period in an attempt to ward off inflation. After raising interest rates in June and August 2004, the Fed increased its target for the federal funds rateiii in 0.25% increments eight additional times. All told, the Fed’s ten rate hikes have brought the target for the federal funds rate from 1.00% to 3.50%. Following the end of the Fund’s reporting period, at its September meeting, the Fed once again raised its target rate by 0.25% to 3.75%.	R. JAY GERKEN, CFA Chairman and Chief Executive Officer
During much of the reporting period, the fixed income market confounded investors as short term interest rates rose in concert with the Fed rate tightening, while longer-term rates, surprisingly, declined. When the period began, the federal funds target rate was 1.50% and the yield on the 10-year Treasury was 4.13%. When the reporting period ended, the federal funds rate had risen to 3.50% and the 10-year yield had fallen to 4.02%. Declining long-term rates, mixed economic data, and periodic flights to quality all supported bond prices. Looking at the one-year period of this report as a whole, the overall bond market, as measured by the Lehman Brothers Aggregate Bond Index,iv returned 4.15%.
The high yield market experienced several periods of volatility during the reporting period. After a strong start,

high yield bonds fell sharply in March and April 2005 as investors became concerned over downgrades for General Motors and Ford Motor Company bonds. However, the high yield market then rallied as the uncertainty surrounding the downgrades lifted and investors searched for incremental yield. Over the one-year period, the Citigroup High Yield Market Index^v returned 9.03%.

During the one-year period of this report, emerging markets debt, as represented by the JPMorgan Emerging Markets Bond Index Global (“EMBI Global”)^vi returned 13.97%. While there were periods of weakness in March and July 2005, overall, the asset class generated solid results. Strong country fundamentals and market technicals outweighed the downward pressure exerted throughout the period by Fed tightening. In addition, continued strength in commodity prices, including metals, agriculture, and oil, supported many emerging market countries.

Please read on for a more detailed look at prevailing economic and market conditions during the Fund’s fiscal year and to learn how those conditions have affected Fund performance.

Special Shareholder Notice

On June 24, 2005, Citigroup Inc. (“Citigroup”) announced that it has signed a definitive agreement under which Citigroup will sell substantially all of its worldwide asset management business to Legg Mason, Inc. (“Legg Mason”).

As part of this transaction, Salomon Brothers Asset Management Inc. (the “Manager”), currently an indirect wholly owned subsidiary of Citigroup, would become an indirect wholly owned subsidiary of Legg Mason. The Manager is the investment adviser to the Fund.

The transaction is subject to certain regulatory approvals, as well as other customary conditions to closing. Subject to such approvals and the satisfaction of the other conditions, Citigroup expects the transaction to be completed later this year.

Under the Investment Company Act of 1940, consummation of the transaction will result in the automatic termination of the investment advisory contract between the

Fund and the Manager. Therefore, the Fund’s Board of Directors has approved a new investment advisory contract between the Fund and the Manager to become effective upon the closing of the sale to Legg Mason. The new investment advisory contract has been presented to the shareholders of the Fund for their approval.

Information About Your Fund

As you may be aware, several issues in the mutual fund industry have come under the scrutiny of federal and state regulators. The Fund’s Manager and some of its affiliates have received requests for information from various government regulators regarding market timing, late trading, fees, and other mutual fund issues in connection with various investigations. The regulators appear to be examining, among other things, the open-end funds’ responses to market timing and shareholder exchange activity, including compliance with prospectus disclosure related to these subjects. The Fund has been informed that the Manager and its affiliates are responding to those information requests, but are not in a position to predict the outcome of these requests and investigations.

Important information concerning the Fund and its Manager with regard to recent regulatory developments is contained in the Notes to Financial Statements included in this report.

As always, thank you for your confidence in our stewardship of your assets. We look forward to helping you continue to meet your financial goals.

Sincerely,

R. Jay Gerken, CFA
Chairman and Chief Executive Officer

September 22, 2005

Manager Overview

Q. What were the overall market conditions during the Fund’s reporting period?

A. Due to the Fund’s approximately equal allocations to high yield and emerging markets debt, please find two separate market overviews for the period included below.

High Yield Market Review

During the 12 months ended August 31, 2005, the high yield market, as represented by the Citigroup High Yield Market Index, returned 9.03%. High yield debt markets started August 2004 strong, extending the previous months’ rebound from negative levels seen earlier in the year, and proceeded to rally for the remainder of 2004 as investors gained confidence that inflation was contained and the Fed would continue to raise rates at a “measured pace.” Reduced U.S. Treasury market volatility, combined with the continued low interest rate environment, set a positive tone for high yield, engendering generally positive mutual fund flows and contributing both to the record number of deals that came to market during 2004 and strong demand for higher yielding assets. Additionally, default rates reached 20-year lows as the improving economy and the low interest rate environment enabled companies to extend their debt maturities and improve their liquidity.

Rising oil prices, weak equity markets and isolated hawkish comments from the Fed regarding inflation led the market down in the first few months of 2005. The steady stream of negative auto sector headlines through Spring 2005, including General Motor’s unexpected negative earnings warning in mid-March and Ford’s reduced earnings guidance and second quarter production cuts announced in late April, reintroduced investor fears of both companies’ potential downgrades to high yield status. This caused spreads to widen dramatically within the auto sector and across fixed income credit markets. Markets began recovering in mid-May on stronger technicals, positive economic developments and S&P and Fitch’s long-anticipated downgrades of Ford and General Motors. The rating agencies’ actions removed some of the uncertainty in the market surrounding the credits’ ultimate resting places, allowing both high yield and investment grade investors to shore up their positions.

Improving technicals, better overall demand and the relative absence of further negative headlines continued to buoy markets through June and July, despite a stronger new issue calendar in June and renewed outflows from high yield mutual funds. Resurgent investor risk appetites on the back of strong U.S. economic news and positive 2Q earnings announcements also contributed to positive performance, allowing markets to outperform despite the July 7th terrorist bombings in London (and the July 21st reprise) and weaker consumer sentiment. Higher-than-expected August new issuance, combined with stronger inflation, increasingly mixed economic data and rising energy prices, slowed activity near the end of the period, although low trading volumes and light issuance in the latter half of August (ahead of the Labor Day holiday) kept markets in positive territory.

Based on the 7.63% yield^vii of the Citigroup High Market Yield Index as of August 31, 2005, high-yield bonds continued to offer competitive yields relative to U. S. Treasury notes.^viii However, high-yield issues are subject to additional risks, such as the increased possibility of default because of their lower credit quality, and yields and prices will fluctuate.

Emerging Markets Debt Review

Emerging markets debt returned 13.97% during the 12 months ended August 31, 2005, as represented by the JPMorgan Emerging Markets Bond Index Global. Strong country fundamentals and market technicals offset the downward pressure exerted by increases in the federal funds rate throughout the 12 months and credit contagion from the auto sector during the volatility of Spring 2005. Continued progress on political and economic reform in many emerging market countries and the generally positive macro environment supported broad credit quality improvements across emerging markets during the 12 months of this report.

Sovereign debt markets achieved positive momentum at the start of the period after recovering from depressed levels earlier in 2004 and rallied through the remainder of the year. Positive returns were supported by strong underlying country fundamentals, commodity prices strength (particularly in metals, agriculture and oil) and relatively low U.S. Treasury market volatility. Emerging debt continued to trend positive during the first two months of 2005 despite concerns over the path of U.S. interest rates, risks of higher inflation and new bond issuance weighing on the market. However, indications of potentially more aggressive tightening (50-basis-point^ix increments) from the Fed and increasingly prominent inflation worries led the market down in March, broadly in line with the U.S. Treasury market. Emerging debt markets remained under pressure in early April as spillover from volatile credit markets, with the highly visible troubles in the auto sector, worsened technicals.

Markets turned again by mid-April and followed a generally upward trajectory through the remainder of the period as U.S. Treasury market volatility declined, the U.S. equity markets recovered and country fundamentals remained broadly supportive. Although sovereign market volatility trended upward near the end of the period, emerging markets proved relatively resilient in the face of the early July terrorist bombings in London, continued political noise in key emerging market countries and increasing volatility in U.S. Treasuries.

Spreads tightened 144 basis points during the 12-month period ended August 31, 2005, closing at 281 basis points over U.S. Treasuries. Of particular note, sovereign spreads tightened 67 basis points during the month of June 2005 alone, due primarily to index rebalancing with the conclusion of the Argentine bond exchange. Over the period of this report, 12-month return volatility stood at 4.75%^x, substantially below long-term, historical levels of approximately 16%.

Performance Review

During the 12 months ended August 31, 2005, the Salomon Brothers Global Partners Income Fund Inc. returned -0.39%, based on its New York Stock Exchange (“NYSE”) market price and 17.88% based on its net asset value (“NAV”)^xi per share. In comparison, its benchmarks, the unmanaged JPMorgan Emerging Markets Bond Index Global and the Citigroup High Yield Market Index, returned 13.97% and 9.03%, respectively, during the same period. The Fund’s previous emerging markets debt benchmark, the JPMorgan Emerging Markets Bond Index Plus^xii, returned 14.85% during the same time frame. The Fund’s Lipper Emerging Markets Debt Closed-End Funds Category Average increased 17.65% over the 12 months.^xiii Please note that Lipper performance returns are based on each fund’s NAV.

During the 12-month period, the Fund made distributions to shareholders totaling $1.19175 per share.

On September 14, 2005, after the close of the reporting period, the Fund announced a distribution of $0.08400 per common share for the months of September, October and November 2005. In declaring the new rate, the Fund cited continued favorable market conditions for high yield issuers, which engendered a high number of calls and tenders in the portfolio as many issuers took advantage of lower interest rates to refinance debt. Proceeds from these transactions were then reinvested at the lower yields currently available in the market, which, in turn, provided less income to be distributed to shareholders. The performance table shows the Fund’s 30-day SEC yield, as well as its 12-month total return based on its NAV and market price as of August 31, 2005. Past performance is no guarantee of future results. The Fund’s yields will vary.

FUND PERFORMANCE AS OF AUGUST 31, 2005 (unaudited)
Price Per Share	30-Day SEC Yield		12 Month Total Return
$13.06 (NAV)	6.87	%	17.88	%
$12.78 (Market Price)	7.02	%	(0.39	)%
All figures represent past performance and are not a guarantee of future results. The Fund’s yields will vary.
Total returns are based on changes in NAV or market price, respectively. Total returns assume the reinvestment of all distributions, including returns of capital, if any, in additional shares. The “SEC yield” is a return figure often quoted by bond and other fixed-income mutual funds. This quotation is based on the most recent 30-day (or one-month) period covered by the Fund’s filings with the SEC. The yield figure reflects the income dividends and interest earned during the period after deduction of the Fund’s expenses for the period. These yields are as of August 31, 2005 and are subject to change.

Q. What were the most significant factors affecting the Fund’s performance?

A. The Fund strongly outperformed both its benchmarks on a net asset value basis during the 12 months ended August 31, 2005, with 391 and 885 basis points of excess return, respectively, versus the unmanaged JPMorgan Emerging Markets Bond Index Global and the Citigroup High Yield Market Index. The Fund’s strategic asset allocation between high yield and emerging markets debt positively contributed to Fund performance during the period.

Q. What were the leading contributors to performance?

A. In the high yield portion of the Fund, strong issuer selection more than offset negative attribution from sector allocation. Specifically, the Fund benefited from positive issuer selection in the Cable & Media, Tower, Telecommunications and Utilities sectors. Security selection in CCC-rated and below securities also contributed positively to Fund performance.

Strong security selection was also the prevalent contributor to performance in the emerging markets debt portion of the Fund – particularly in Argentina, Brazil, Mexico, Russia and Venezuela. Our overweight positions in Ecuador and Russia also positively contributed to overall performance during the period. Finally, the use of leverage positively contributed to the Fund’s performance during the period.

Q. What were the leading detractors from performance?

A. In the high yield portion of the Fund, sector allocation, in aggregate, detracted from overall performance, although, as mentioned above, our issuer selection more than mitigated any negative attribution. That said, issuer selection in the Automobile Manufacturing/Vehicle Parts and Containers sectors detracted from Fund performance during the period.

Our strategic overweight to Argentina and underweight to Venezuela detracted from performance in the emerging markets debt portion of the Fund relative to the unmanaged benchmark during the 12 months covered in this report.

Q. Were there any significant changes made to the fund during the reporting period?

A. In the latter half of the 12-month period, we tactically reallocated some assets away from emerging markets debt into high yield to take advantage of the relatively cheaper valuations we saw in the high yield sector. Specifically, we added to our positions in Automobile Manufacturing/Vehicle Parts and Telecommunications, as our exposure to the Tower sector decreased due to calls on several securities. Also, in expectation of increased volatility in emerging markets into 2006, we gradually reduced overall risk exposure in the emerging markets debt portion of the Fund toward the end of the period, allocating assets

away from higher beta countries like Brazil and Russia and increasing exposure to more stable, investment grade credits such as Mexico.

Looking for Additional Information?

The Fund is traded under the symbol “GDF” and its closing market price is available in most newspapers under the NYSE listings. The daily NAV is available on-line under symbol XGDFX. Barron’s and The Wall Street Journal’s Monday edition carry closed-end fund tables that will provide additional information. In addition, the Fund issues a quarterly press release that can be found on most major financial websites as well as www.citigroupam.com.

In a continuing effort to provide information concerning the Fund, shareholders may call 1-888-777-0102 or 1-800-SALOMON (toll free), Monday through Friday from 8:00 a.m. to 6:00 p.m. Eastern Time, for the Fund’s current NAV, market price, and other information.

Thank you for your investment in the Salomon Brothers Global Partners Income Fund Inc. As ever, we appreciate that you have chosen us to manage your assets and we remain focused on achieving the Fund’s investment goals.

Sincerely,
Peter J. Wilby, CFA	Beth A. Semmel, CFA
President	Executive Vice President
James E. Craige, CFA	Thomas K. Flanagan, CFA
Executive Vice President	Executive Vice President

September 22, 2005

The information provided is not intended to be a forecast of future events, a guarantee of future results or investment advice. Views expressed may differ from those of the firm as a whole.

RISKS: The Fund may invest in high-yield and foreign securities, including emerging markets, which involve risks beyond those inherent in solely higher-rated and domestic investments. High-yield bonds involve greater credit and liquidity risks than investment grade bonds. Investing in foreign securities is subject to certain risks not associated with domestic investing, such as currency fluctuations, and changes in political and economic conditions. These risks are magnified in emerging or developing markets. Derivatives, such as options or futures, can be illiquid and harder to value, especially in declining markets. A small investment in certain derivatives may have a potentially large impact on the Fund’s performance. As interest rate rise, bond prices fall, reducing the value of the Fund’s share price.

All index performance reflects no deduction for fees, expenses or taxes. Please note that an investor cannot invest directly in an index.

i	Gross domestic product is a market value of goods and services produced by labor and property in a given country.
ii	The Federal Reserve Board is responsible for the formulation of a policy designed to promote economic growth, full employment, stable prices, and a sustainable pattern of international trade and payments.
iii	The federal funds rate is the interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans.
iv	The Lehman Brothers Aggregate Bond Index is a broad-based bond index comprised of government, corporate, mortgage and asset-backed issues, rated investment grade or higher, and having at least one year to maturity.
v	The Citigroup High Yield Market Index is a broad-based unmanaged index of high yield securities.
vi	JPMorgan Emerging Markets Bond Index Global (EMBI Global) tracks total returns for U.S. dollar denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds, and local market instruments. Countries covered are Algeria, Argentina, Brazil, Bulgaria, Chile, China, Colombia, Cote d’Ivoire, Croatia, Ecuador, Greece, Hungary, Lebanon, Malaysia, Mexico, Morocco, Nigeria, Panama, Peru, the Philippines, Poland, Russia, South Africa, South Korea, Thailand, Turkey and Venezuela.
vii	As measured by the yield on the Citigroup High Yield Market Index as of the period’s close.
viii	Yields are subject to change and will fluctuate.
ix	A basis point is one one-hundredth (1/100 or 0.01) of one percent.
x	Source: JPMorgan Chase.
xi	NAV is a price that reflects the value of the Fund’s underlying portfolio plus other assets, less the Fund’s liabilities. However, the price at which an investor may buy or sell shares of the Fund is at the Fund’s market price as determined by supply of and demand for the Fund’s common shares, which may be more or less than the fund’s NAV.
xii	The JPMorgan Emerging Markets Bond Index Plus is a total return index that tracks the traded market for U.S. dollar-denominated Brady and other similar sovereign restructured bonds traded in the emerging markets.
xiii	Lipper, Inc. is a major independent mutual-fund tracking organization. Returns are based on the 12-month period ended August 31, 2005, calculated among the 13 funds in the Fund’s Lipper category including the reinvestment of distributions, including returns of capital, if any.

Fund at a Glance (unaudited)

Schedule of Investments (August 31, 2005)

SALOMON BROTHERS GLOBAL PARTNERS INCOME FUND INC.

Face Amount		Security(a)	Value
Sovereign Bonds — 47.3%
Argentina — 1.8%
		Republic of Argentina:
$	2,537,500	4.005% due 8/3/12 (b)	$	2,242,325
2,809,772		8.280% due 12/31/33	2,688,250
300,000		Step Bond to yield 1.330% due 12/31/38	108,450
		Total Argentina	5,039,025
Brazil — 11.4%
		Federative Republic of Brazil:
1,800,000		12.250% due 3/6/30	2,385,000
2,195,000		11.000% due 8/17/40	2,616,440
		Collective Action Securities:
1,075,000		10.500% due 7/14/14	1,255,600
14,944,000		8.000% due 1/15/18	15,452,096
7,308,918		DCB, Series L, 4.313% due 4/15/12 (b)	7,043,969
2,569,227		FLIRB, Series L, Registered, 4.250% due 4/15/09 (b)	2,530,689
		Total Brazil	31,283,794
Bulgaria — 0.5%
1,100,000		Republic of Bulgaria, 8.250% due 1/15/15 (c)	1,370,188
Chile — 0.7%
1,850,000		Republic of Chile, 5.500% due 1/15/13	1,965,588
Colombia — 2.5%
		Republic of Colombia:
1,312,000		8.625% due 4/1/08	1,422,864
2,000,000		10.000% due 1/23/12	2,349,500
1,450,000		10.750% due 1/15/13	1,777,337
1,000,000		Medium-Term Notes, 11.750% due 2/25/20	1,337,500
		Total Colombia	6,887,201
Ecuador — 0.5%
		Republic of Ecuador:
260,000		12.000% due 11/15/12 (c)	261,300
1,335,000		Step Bond to yield 11.246% due 8/15/30 (c)	1,184,813
		Total Ecuador	1,446,113
El Salvador — 0.5%
1,075,000		Republic of El Salvador, 7.750% due 1/24/23 (c)	1,206,688

See Notes to Financial Statements.

Page 11

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Malaysia — 0.3%
$	625,000	Federation of Malaysia, 8.750% due 6/1/09	$	717,303
Mexico — 10.1%
		United Mexican States:
800,000		11.375% due 9/15/16	1,196,000
		Medium-Term Notes:
3,575,000		8.300% due 8/15/31	4,541,144
		Series A:
3,300,000		6.375% due 1/16/13	3,561,525
1,972,000		5.875% due 1/15/14	2,066,656
10,130,000		6.625% due 3/3/15	11,186,052
3,800,000		8.000% due 9/24/22	4,693,000
245,000		7.500% due 4/8/33	288,243
		Total Mexico	27,532,620
Panama — 1.9%
		Republic of Panama:
425,000		9.625% due 2/8/11	509,469
2,675,000		7.250% due 3/15/15	2,910,400
1,405,000		9.375% due 1/16/23	1,756,250
		Total Panama	5,176,119
Peru — 2.2%
		Republic of Peru:
70,000		9.125% due 2/21/12	83,650
325,000		9.875% due 2/6/15	411,937
2,200,000		8.750% due 11/21/33	2,607,000
2,955,150		FLIRB, 5.000% due 3/17/17 (b)	2,851,720
		Total Peru	5,954,307
Philippines — 2.3%
		Republic of the Philippines:
500,000		8.250% due 1/15/14	512,800
1,550,000		9.375% due 1/18/17	1,679,813
2,775,000		10.625% due 3/16/25	3,149,486
775,000		9.500% due 2/2/30	803,094
158,667		FLIRB, Series B, 4.375% due 6/1/08 (b)	147,163
		Total Philippines	6,292,356
Russia — 6.6%
		Russian Federation:
1,425,000		8.250% due 3/31/10 (c)	1,547,906
14,495,540		Step Bond to yield 5.335% due 3/31/30 (c)	16,570,214
		Total Russia	18,118,120

See Notes to Financial Statements.

Page 12

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
South Africa — 0.9%
$	2,325,000	Republic of South Africa, 6.500% due 6/2/14	$	2,574,938
Turkey — 2.5%
		Republic of Turkey:
350,000		11.750% due 6/15/10	430,938
3,775,000		11.500% due 1/23/12	4,794,250
575,000		11.875% due 1/15/30	820,812
550,000		Collective Action Securities, 9.500% due 1/15/14	651,062
		Total Turkey	6,697,062
Ukraine — 0.7%
		Republic of Ukraine:
858,705		11.000% due 3/15/07 (c)	900,567
875,000		7.650% due 6/11/13 (c)	966,875
		Total Ukraine	1,867,442
Venezuela — 1.9%
		Bolivarian Republic of Venezuela:
15,000		5.375% due 8/7/10 (c)	14,250
4,150,000		8.500% due 10/8/14	4,399,000
675,000		Collective Action Securities, 10.750% due 9/19/13	806,962
		Total Venezuela	5,220,212
		Total Sovereign Bonds (Cost — $118,921,298)	129,349,076
Loan Participation (b)(d) — 0.1%
Morocco — 0.1%
364,582		Kingdom of Morocco, Tranche A, 4.813% due 1/2/09 (JPMorgan Chase & Co.) (Cost — $360,162)	363,215
Corporate Bonds & Notes — 47.0%
Advertising — 0.6%
350,000		Bear Creek Corp., Senior Notes, 9.000% due 3/1/13 (c)	369,250
300,000		Interep National Radio Sales Inc., Senior Subordinated Notes, Series B, 10.000% due 7/1/08	241,500
405,000		SITEL Corp., Senior Subordinated Notes, 9.250% due 3/15/06	406,013
650,000		Vertis Inc., Senior Second Lien Secured Notes, 9.750% due 4/1/09	685,750
		Total Advertising	1,702,513

See Notes to Financial Statements.

Page 13

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Aerospace/Defense — 0.7%
$	675,000	DRS Technologies Inc., Senior Subordinated Notes, 6.875% due 11/1/13	$	686,812
750,000		L-3 Communications Corp., Senior Subordinated Notes, 7.625% due 6/15/12	798,750
450,000		Sequa Corp., Senior Notes, 9.000% due 8/1/09	495,000
		Total Aerospace/Defense	1,980,562
Airlines — 0.1%
		Continental Airlines Inc., Pass-Through Certificates:
142,400		Series 1998-1C, Series B, 6.541% due 9/15/08	134,204
297,744		Series 2000-2, Class C, 8.312% due 4/2/11	252,455
		Total Airlines	386,659
Apparel — 0.7%
		Levi Strauss & Co., Senior Notes:
175,000		8.254% due 4/1/12 (b)	176,750
155,000		12.250% due 12/15/12	174,956
650,000		9.750% due 1/15/15	689,000
325,000		Oxford Industries Inc., Senior Notes, 8.875% due 6/1/11	350,188
600,000		Tommy Hilfiger USA Inc., Notes, 6.850% due 6/1/08	610,500
		Total Apparel	2,001,394
Auto Manufacturers — 1.6%
		Ford Motor Co.:
		Debentures:
150,000		6.625% due 10/1/28	111,859
175,000		8.900% due 1/15/32	154,492
3,550,000		Notes, 7.450% due 7/16/31	2,845,733
		General Motors Corp., Senior Debentures:
200,000		8.250% due 7/15/23	168,500
1,175,000		8.375% due 7/15/33	992,875
		Total Auto Manufacturers	4,273,459
Auto Parts & Equipment — 0.4%
125,000		Delphi Corp., Notes, 6.500% due 8/15/13	95,938
325,000		Keystone Automotive Operations Inc., Senior Subordinated Notes, 9.750% due 11/1/13	331,500
300,000		Tenneco Automotive Inc., Senior Secured Notes, Series B, 10.250% due 7/15/13	342,000
		TRW Automotive Inc.:
134,000		Senior Notes, 9.375% due 2/15/13	149,410
49,000		Senior Subordinated Notes, 11.000% due 2/15/13	56,595
		Total Auto Parts & Equipment	975,443

See Notes to Financial Statements.

Page 14

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Beverages — 0.3%
$	650,000	Constellation Brands Inc., Senior Subordinated Notes, Series B, 8.125% due 1/15/12	$	695,500
Building Materials — 0.7%
1,250,000		Associated Materials Inc., Senior Discount Notes, Step Bond to yield 13.314% due 3/1/14	737,500
625,000		Nortek Inc., Senior Subordinated Notes, 8.500% due 9/1/14	610,938
650,000		Ply Gem Industries Inc., Senior Subordinated Notes, 9.000% due 2/15/12	585,000
		Total Building Materials	1,933,438
Chemicals — 3.3%
375,000		Airgas Inc., Senior Subordinated Notes, 9.125% due 10/1/11	405,000
127,273		Applied Extrusion Technologies Inc., Senior Notes, 12.000% due 3/15/12 (c)(e)	125,364
500,000		Equistar Chemicals LP/Equistar Funding Corp., Senior Notes, 10.625% due 5/1/11	557,500
500,000		Huntsman Advanced Materials LLC, Senior Secured Notes, 11.000% due 7/15/10	570,000
685,000		Huntsman International LLC, Senior Subordinated Notes, 10.125% due 7/1/09	708,975
525,000		Innophos Inc., Senior Subordinated Notes, 8.875% due 8/15/14 (c)	542,719
800,000		ISP Chemco Inc., Senior Subordinated Notes, Series B, 10.250% due 7/1/11	867,000
		Lyondell Chemical Co., Senior Secured Notes:
250,000		9.500% due 12/15/08	264,375
325,000		11.125% due 7/15/12	371,312
450,000		Methanex Corp., Senior Notes, 8.750% due 8/15/12	519,750
790,000		Millennium America Inc., Senior Notes, 9.250% due 6/15/08	855,175
625,000		Nalco Co., Senior Subordinated Notes, 8.875% due 11/15/13	675,781
125,000		OM Group Inc., Senior Subordinated Notes, 9.250% due 12/15/11	128,438
350,000		PQ Corp., Senior Subordinated Notes, 7.500% due 2/15/13 (c)	353,500
475,000		Resolution Performance Products Inc., Senior Subordinated Notes, 13.500% due 11/15/10	515,375
250,000		Resolution Performance Products LLC/RPP Capital Corp., Senior Secured Notes, 9.500% due 4/15/10	260,000
		Rhodia SA:
50,000		Senior Notes, 10.250% due 6/1/10	54,375
900,000		Senior Subordinated Notes, 8.875% due 6/1/11	882,000
374,000		Westlake Chemical Corp., Senior Notes, 8.750% due 7/15/11	407,660
		Total Chemicals	9,064,299

See Notes to Financial Statements.

Page 15

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Commercial Services — 1.3%
$	275,000	Allied Security Escrow Corp., Senior Subordinated Notes, 11.375% due 7/15/11	$	274,312
350,000		Brand Services Inc., Senior Notes, 12.000% due 10/15/12	374,500
		Cenveo Corp.:
125,000		Senior Notes, 9.625% due 3/15/12	134,375
475,000		Senior Subordinated Notes, 7.875% due 12/1/13	470,250
700,000		DI Finance/DynCorp International LLC, Senior Subordinated Notes, 9.500% due 2/15/13 (c)	694,750
1,400,000		Iron Mountain Inc., Senior Subordinated Notes, 7.750% due 1/15/15	1,440,250
100,000		R.H. Donnelley Finance Corp. I, Senior Subordinated Notes, 10.875% due 12/15/12 (c)	116,125
		Total Commercial Services	3,504,562
Computers — 0.1%
200,000		SunGard Data Systems Inc., Senior Notes, 9.125% due 8/15/13 (c)	211,000
Diversified Financial Services — 2.0%
		Alamosa Delaware Inc.:
339,000		Senior Discount Notes, 12.000% due 7/31/09	379,680
308,000		Senior Notes, 11.000% due 7/31/10	350,350
423,000		BCP Crystal U.S. Holdings Corp., Senior Subordinated Notes, 9.625% due 6/15/14	481,691
100,000		Ford Motor Credit Co., Notes, 7.875% due 6/15/10	100,630
		General Motors Acceptance Corp.:
1,700,000		Bonds, 8.000% due 11/1/31	1,576,840
		Notes:
250,000		7.250% due 3/2/11	241,582
200,000		6.875% due 9/15/11	189,624
975,000		6.750% due 12/1/14	898,255
600,000		Sensus Metering Systems Inc., Senior Subordinated Notes, 8.625% due 12/15/13	565,500
1,000,000		Vanguard Health Holdings Co. I LLC, Senior Discount Notes, Step Bond to yield 9.352% due 10/1/15	747,500
		Total Diversified Financial Services	5,531,652
Electric — 2.8%
		AES Corp., Senior Notes:
400,000		8.750% due 6/15/08	428,000
175,000		9.500% due 6/1/09	193,813
300,000		9.375% due 9/15/10	338,250
400,000		7.750% due 3/1/14	436,500

See Notes to Financial Statements.

Page 16

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Electric — 2.8% (continued)
		Calpine Corp.:
$	800,000	Second Priority Senior Secured Notes, 8.500% due 7/15/10 (c)	$	604,000
215,000		Senior Secured Notes, 8.750% due 7/15/13 (c)	160,175
350,000		Calpine Generating Co. LLC, Senior Secured Notes, 12.390% due 4/1/11 (b)	330,750
		Edison Mission Energy, Senior Notes:
50,000		10.000% due 8/15/08	55,875
1,100,000		7.730% due 6/15/09	1,168,750
300,000		9.875% due 4/15/11	355,875
950,000		Mirant Americas Generation LLC, Senior Notes, 9.125% due 5/1/31 (f)*	1,166,125
939,000		NRG Energy Inc., Second Priority Senior Secured Notes, 8.000% due 12/15/13	1,016,467
		Reliant Energy Inc., Senior Secured Notes:
725,000		9.250% due 7/15/10	793,875
550,000		9.500% due 7/15/13	614,625
		Total Electric	7,663,080
Electronics — 0.1%
400,000		Muzak LLC/Muzak Finance Corp., Senior Notes, 10.000% due 2/15/09	350,000
Entertainment — 1.7%
325,000		Choctaw Resort Development Enterprise, Senior Notes, 7.250% due 11/15/19 (c)	334,750
925,000		Cinemark Inc., Senior Discount Notes, step bond to yield 9.658% due 3/15/14	664,844
575,000		Herbst Gaming Inc., Senior Subordinated Notes, 7.000% due 11/15/14	585,062
700,000		Isle of Capri Casinos Inc., Senior Subordinated Notes, 7.000% due 3/1/14	691,250
375,000		Mohegan Tribal Gaming Authority, Senior Subordinated Notes, 6.875% due 2/15/15	390,938
700,000		Penn National Gaming Inc., Senior Subordinated Notes, 6.750% due 3/1/15	696,500
675,000		Pinnacle Entertainment Inc., Senior Subordinated Notes, 8.250% due 3/15/12	685,125
		Six Flags Inc., Senior Notes:
200,000		9.750% due 4/15/13	201,500
350,000		9.625% due 6/1/14	352,625
		Total Entertainment	4,602,594
Environmental Control — 0.7%
550,000		Aleris International Inc., Series B, Senior Secured Notes, 10.375% due 10/15/10	609,125
		Allied Waste North America Inc.:
175,000		Senior Notes, 7.250% due 3/15/15 (c)	174,563
1,025,000		Senior Notes, Series B, 7.375% due 4/15/14	968,625
150,000		Senior Secured Notes, Series B, 9.250% due 9/1/12	164,625
2,000,000		Safety-Kleen Services Inc., Senior Subordinated Notes, 9.250% due 6/1/08 (e)(f)*	8,020
		Total Environmental Control	1,924,958

See Notes to Financial Statements.

Page 17

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Finance — 0.1%
$	225,000	R.H. Donnelley Inc., Senior Subordinated Notes, 10.875% due 12/15/12	$	261,281
Food — 0.8%
250,000		Ahold Finance USA Inc., Notes, 8.250% due 7/15/10	273,750
500,000		Del Monte Corp., Senior Subordinated Notes, 8.625% due 12/15/12	545,000
		Doane Pet Care Co.:
100,000		Senior Notes, 10.750% due 3/1/10	109,750
600,000		Senior Subordinated Notes, 9.750% due 5/15/07	600,000
625,000		Pinnacle Foods Holding Corp., Senior Subordinated Notes, 8.250% due 12/1/13	606,250
		Total Food	2,134,750
Forest Products & Paper — 1.4%
525,000		Abitibi-Consolidated Inc., Debentures, 8.850% due 8/1/30	498,750
600,000		Appleton Papers Inc., Senior Subordinated Notes, Series B, 9.750% due 6/15/14	579,000
575,000		Bowater Inc., Debentures, 9.500% due 10/15/12	635,375
700,000		Buckeye Technologies Inc., Senior Subordinated Notes, 8.000% due 10/15/10	686,000
325,000		Domtar Inc., Notes, 7.125% due 8/15/15	325,645
700,000		Newark Group Inc., Senior Subordinated Notes, 9.750% due 3/15/14	651,000
600,000		Smurfit Capital Funding PLC, Debentures, 7.500% due 11/20/25	558,000
		Total Forest Products & Paper	3,933,770
Health Care-Services — 1.6%
600,000		AmeriPath Inc., Senior Subordinated Notes, 10.500% due 4/1/13	645,000
300,000		DaVita Inc., Senior Subordinated Notes, 7.250% due 3/15/15 (c)	306,375
450,000		Extendicare Health Services Inc., Senior Notes, 9.500% due 7/1/10	484,875
300,000		HCA Inc., Senior Notes, 6.375% due 1/15/15	309,503
975,000		IASIS Healthcare LLC/IASIS Capital Corp., Senior Subordinated Notes, 8.750% due 6/15/14	1,055,438
325,000		InSight Health Services Corp., Senior Subordinated Notes, Series B, 9.875% due 11/1/11	289,656
		Tenet Healthcare Corp., Senior Notes:
250,000		6.500% due 6/1/12	237,500
750,000		7.375% due 2/1/13	735,000
300,000		6.875% due 11/15/31	265,500
		Total Health Care-Services	4,328,847
Holding Companies-Diversified — 0.4%
675,000		Atlantic Broadband Finance LLC, Senior Subordinated Notes, 9.375% due 1/15/14 (c)	658,125
300,000		Nell AF SARL, Senior Notes, 8.375% due 8/15/15 (c)	304,875
		Total Holding Companies-Diversified	963,000

See Notes to Financial Statements.

Page 18

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Home Furnishings — 0.4%
$	502,000	Applica Inc., Senior Subordinated Notes, 10.000% due 7/31/08	$	474,390
600,000		Sealy Mattress Co., Senior Subordinated Notes, 8.250% due 6/15/14	643,500
		Total Home Furnishings	1,117,890
Household Durables — 0.2%
550,000		Home Interiors & Gifts Inc., Senior Subordinated Notes, 10.125% due 6/1/08	475,750
Household Products/Wares — 0.3%
650,000		Playtex Products Inc., Senior Subordinated Notes, 9.375% due 6/1/11	692,250
Internet — 0.2%
656,000		FTD Inc., Senior Subordinated Notes, 7.750% due 2/15/14	669,120
Iron/Steel — 0.1%
300,000		IPSCO Inc., Senior Notes, 8.750% due 6/1/13	336,000
Leisure Time — 0.7%
650,000		AMF Bowling Worldwide Inc., Senior Subordinated Notes, 10.000% due 3/1/10	656,500
675,000		Equinox Holdings Inc., Senior Notes, 9.000% due 12/15/09	702,000
500,000		Icon Health & Fitness Inc., Senior Subordinated Notes, 11.250% due 4/1/12	417,500
		Total Leisure Time	1,776,000
Lodging — 2.2%
525,000		Ameristar Casinos Inc., Senior Subordinated Notes, 10.750% due 2/15/09	569,625
		Caesars Entertainment Inc., Senior Subordinated Notes:
425,000		8.875% due 9/15/08	468,562
625,000		Series A, 7.875% due 12/15/05	630,469
600,000		Inn of the Mountain Gods Resort & Casino, Senior Notes, 12.000% due 11/15/10	691,500
500,000		John Q. Hammons Hotels LP, First Mortgage Senior Notes, Series B, 8.875% due 5/15/12	552,500
500,000		Kerzner International Ltd., Senior Subordinated Notes, 8.875% due 8/15/11	535,000
550,000		Las Vegas Sands Corp., Senior Notes, 6.375% due 2/15/15	533,500
		MGM MIRAGE Inc.:
400,000		Senior Notes, 6.750% due 9/1/12	412,000
750,000		Senior Subordinated Notes, 9.750% due 6/1/07	804,375
700,000		Starwood Hotels & Resorts Worldwide Inc., Senior Notes, 7.875% due 5/1/12	778,750
150,000		Station Casinos Inc., Senior Subordinated Notes, 6.875% due 3/1/16	154,875
		Total Lodging	6,131,156
Machinery — 0.2%
575,000		Dresser-Rand Group Inc., Senior Subordinated Notes, 7.375% due 11/1/14 (c)	598,000

See Notes to Financial Statements.

Page 19

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Machinery-Construction & Mining — 0.3%
$	700,000	Terex Corp., Senior Subordinated Notes, Series B, 10.375% due 4/1/11	$	754,250
Machinery-Diversified — 0.2%
300,000		Case New Holland Inc., Senior Notes, 9.250% due 8/1/11	321,000
300,000		NMHG Holding Co., Senior Notes, 10.000% due 5/15/09	322,500
		Total Machinery-Diversified	643,500
Media — 4.6%
525,895		CanWest Media Inc., Senior Subordinated Notes, 8.000% due 9/15/12	554,819
		Charter Communications Holdings LLC/Charter Communications Holdings Capital Corp.:
		Senior Discount Notes:
10,000		11.750% due 1/15/10	8,550
1,255,000		9.920% due 4/1/11	947,525
1,050,000		Step bond to yield 18.251% due 1/15/11	834,750
700,000		Step bond to yield 18.894% due 5/15/11	477,750
250,000		Senior Notes, 10.250% due 1/15/10	205,000
300,000		Charter Communications Operating LLC, Second Lien Senior Notes, 8.375% due 4/30/14 (c)	303,750
		CSC Holdings Inc.:
50,000		Debentures, Series B, 8.125% due 8/15/09	51,500
1,100,000		Senior Subordinated Debentures, 10.500% due 5/15/16	1,196,250
225,000		Dex Media East LLC/Dex Media East Finance Co., Senior Notes, 9.875% due 11/15/09	246,656
975,000		Dex Media Inc., Discount Notes, step bond to yield 7.856% due 11/15/13	797,062
635,000		Dex Media West LLC/Dex Media Finance Co., Senior Subordinated Notes, Series B, 9.875% due 8/15/13	721,519
325,000		DirecTV Holdings LLC/DirecTV Financing Co., Senior Notes, 8.375% due 3/15/13	358,313
504,000		EchoStar DBS Corp., Senior Notes, 9.125% due 1/15/09	533,610
325,000		Houghton Mifflin Co., Senior Discount Notes, step bond to yield 9.930% due 10/15/13	254,719
650,000		LodgeNet Entertainment Corp., Senior Subordinated Debentures, 9.500% due 6/15/13	716,625
50,000		Mediacom Broadband LLC, Senior Notes, 11.000% due 7/15/13	54,813
650,000		Mediacom LLC/Mediacom Capital Corp., Senior Notes, 9.500% due 1/15/13	664,625
700,000		Nexstar Finance Inc., Senior Subordinated Notes, 7.000% due 1/15/14	647,500
550,000		NextMedia Operating Inc., Senior Subordinated Notes, 10.750% due 7/1/11	598,125
375,000		Radio One Inc., Senior Subordinated Notes, Series B, 8.875% due 7/1/11	402,656
100,000		Rainbow National Services LLC, Senior Subordinated Debentures, 10.375% due 9/1/14 (c)	114,500
700,000		Sinclair Broadcast Group Inc., Senior Subordinated Notes, 8.000% due 3/15/12	725,375

See Notes to Financial Statements.

Page 20

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Media — 4.6% (continued)
$	585,000	Yell Finance BV, Senior Notes, 10.750% due 8/1/11	$	643,500
500,000		Young Broadcasting Inc., Senior Subordinated Notes, 8.750% due 1/15/14	455,000
		Total Media	12,514,492
Metal Fabricate-Hardware — 0.2%
200,000		Mueller Group Inc., Senior Subordinated Notes, 10.000% due 5/1/12	215,250
625,000		Mueller Holdings Inc., Discount Notes, Step Bond to yield 11.745% due 4/15/14	459,375
		Total Metal Fabricate-Hardware	674,625
Mining — 0.1%
300,000		Novelis Inc., Senior Notes, 7.250% due 2/15/15 (c)	302,250
Miscellaneous Manufacturing — 0.4%
325,000		Invensys PLC, Senior Notes, 9.875% due 3/15/11 (c)	328,250
575,000		Koppers Inc., Senior Secured Notes, 9.875% due 10/15/13	641,125
500,000		Moll Industries Inc., Senior Subordinated Notes, 10.500% due 7/1/08 (e)(f)(g)*	0
		Total Miscellaneous Manufacturing	969,375
Office Furnishings — 0.4%
675,000		Interface Inc., Senior Subordinated Notes, 9.500% due 2/1/14	691,875
374,000		Tempur-Pedic Inc./Tempur Production USA Inc., Senior Subordinated Notes, 10.250% due 8/15/10	417,945
		Total Office Furnishings	1,109,820
Office/Business Equipment — 0.1%
275,000		General Binding Corp., Senior Subordinated Notes, 9.375% due 6/1/08	281,188
Oil & Gas — 1.9%
925,000		Chesapeake Energy Corp., Senior Notes, 6.625% due 1/15/16	952,750
812,000		Magnum Hunter Resources Inc., Senior Notes, 9.600% due 3/15/12	897,260
1,200,000		Pemex Project Funding Master Trust, 6.125% due 8/15/08	1,243,800
1,500,000		Petronas Capital Ltd., 7.875% due 5/22/22 (c)	1,893,774
200,000		Swift Energy Co., Senior Subordinated Notes, 9.375% due 5/1/12	219,750
		Total Oil & Gas	5,207,334
Packaging & Containers — 1.9%
575,000		Anchor Glass Container Corp., Senior Secured Notes, 11.000% due 2/15/13 (f)	388,125
525,000		Berry Plastics Corp., Senior Subordinated Notes, 10.750% due 7/15/12	580,125
650,000		Graphic Packaging International Corp., Senior Subordinated Notes, 9.500% due 8/15/13	669,500
875,000		Plastipak Holdings Inc., Senior Notes, 10.750% due 9/1/11	966,875
300,000		Pliant Corp., Senior Secured Second Lien Notes, 11.125% due 9/1/09	281,250
500,000		Radnor Holdings Corp., Senior Notes, 11.000% due 3/15/10	330,000

See Notes to Financial Statements.

Page 21

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Packaging & Containers — 1.9% (continued)
$	1,450,000	Stone Container Finance Co. of Canada II, Senior Notes, 7.375% due 7/15/14	$	1,373,875
		Tekni-Plex Inc.:
500,000		Senior Secured Notes, 8.750% due 11/15/13 (c)	440,000
100,000		Senior Subordinated Notes, Series B, 12.750% due 6/15/10	71,500
		Total Packaging & Containers	5,101,250
Pharmaceuticals — 0.4%
275,000		Leiner Health Products Inc., Senior Subordinated Notes, 11.000% due 6/1/12	243,375
840,000		WH Holdings Ltd./WH Capital Corp., Senior Notes, 9.500% due 4/1/11	915,600
		Total Pharmaceuticals	1,158,975
Pipelines — 2.4%
		Dynegy Holdings Inc.:
		Debentures:
800,000		7.125% due 5/15/18	764,000
750,000		7.625% due 10/15/26	714,375
		Senior Secured Notes:
650,000		9.875% due 7/15/10 (c)	711,750
25,000		10.125% due 7/15/13 (c)	28,062
		El Paso Corp.:
		Medium-Term Notes:
675,000		7.800% due 8/1/31	681,750
875,000		7.750% due 1/15/32	888,125
825,000		Senior Notes, 7.875% due 6/15/12	862,125
		Williams Cos. Inc.:
		Notes:
1,250,000		7.875% due 9/1/21	1,415,625
200,000		8.750% due 3/15/32	244,000
300,000		Senior Notes, 7.625% due 7/15/19	334,500
		Total Pipelines	6,644,312
Real Estate Investment Trust — 1.3%
290,000		Felcor Lodging LP, Senior Notes, 9.000% due 6/1/11	321,175
		Host Marriott LP, Senior Notes:
525,000		7.125% due 11/1/13	551,250
125,000		Series I, 9.500% due 1/15/07	131,875
1,025,000		Series O, 6.375% due 3/15/15	1,021,156
		MeriStar Hospitality Corp., Senior Notes:
150,000		9.000% due 1/15/08	158,250
600,000		9.125% due 1/15/11	648,000
600,000		Omega Healthcare Investors Inc., Senior Notes, 7.000% due 4/1/14	610,500
		Total Real Estate Investment Trust	3,442,206

See Notes to Financial Statements.

Page 22

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Retail — 1.9%
$	575,000	Buffets Inc., Senior Subordinated Notes, 11.250% due 7/15/10	$	586,500
125,000		Carrols Corp., Senior Subordinated Notes, 9.000% due 1/15/13 (c)	131,250
675,000		Denny’s Holdings Inc., Senior Notes, 10.000% due 10/1/12	710,437
625,000		Eye Care Centers of America Inc., Senior Subordinated Notes, 10.750% due 2/15/15 (c)	612,500
250,000		Finlay Fine Jewelry Corp., Senior Notes, 8.375% due 6/1/12	233,750
450,000		Hines Nurseries Inc., Senior Subordinated Notes, 10.250% due 10/1/11	464,625
326,000		Jafra Cosmetics International Inc./Distribuidora Comercial Jafra SA de CV, Senior Subordinated Notes, 10.750% due 5/15/11	365,120
675,000		Jean Coutu Group Inc., Senior Subordinated Notes, 8.500% due 8/1/14	695,250
375,000		PETCO Animal Supplies Inc., Senior Subordinated Notes, 10.750% due 11/1/11	416,250
225,000		Saks Inc., Notes, 9.875% due 10/1/11	245,813
625,000		Sbarro Inc., Senior Notes, 11.000% due 9/15/09	635,937
200,000		Toys “R” Us Inc., Senior Notes, 7.375% due 10/15/18	162,500
		Total Retail	5,259,932
Semiconductors — 0.4%
		Amkor Technology Inc.:
850,000		Senior Notes, 9.250% due 2/15/08	803,250
300,000		Senior Subordinated Notes, 10.500% due 5/1/09	276,000
		Total Semiconductors	1,079,250
Telecommunications — 4.5%
		American Tower Corp., Senior Notes:
77,000		9.375% due 2/1/09	81,139
200,000		7.500% due 5/1/12	212,500
365,000		American Tower Escrow Corp., Discount Notes, zero coupon bond to yield 9.165% due 8/1/08	281,050
700,000		AT&T Corp., Senior Notes, 9.750% due 11/15/31	920,500
600,000		Insight Midwest LP/Insight Capital Inc., Senior Notes, 10.500% due 11/1/10	637,500
225,000		Intelsat Bermuda Ltd., Senior Notes, 8.695% due 1/15/12 (b)(c)	230,063
450,000		Intelsat Ltd., Senior Discount Notes, step bond to yield 9.082% due 2/1/15 (c)	306,000
1,700,000		Lucent Technologies Inc., Debentures, 6.450% due 3/15/29	1,500,250
900,000		MCI Inc., Senior Notes, 8.735% due 5/1/14	1,010,250
1,475,000		Nextel Communications Inc., Senior Serial Redeemable Notes, Series D, 7.375% due 8/1/15	1,594,367
725,000		Nortel Networks Ltd., Notes, 6.125% due 2/15/06	730,437
195,000		PanAmSat Corp., Senior Notes, 9.000% due 8/15/14	206,213
1,025,000		Qwest Corp., Notes, 8.875% due 3/15/12	1,124,937
		Qwest Services Corp., Senior Secured Notes:
1,000,000		13.500% due 12/15/10	1,157,500
481,000		14.000% due 12/15/14	591,630

See Notes to Financial Statements.

Page 23

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Telecommunications — 4.5% (continued)
		SBA Communications Corp.:
$	117,000	Senior Discount Notes, step bond to yield 7.244% due 12/15/11	$	107,933
450,000		Senior Notes, 8.500% due 12/1/12	493,312
500,000		UbiquiTel Operating Co., Senior Notes, 9.875% due 3/1/11	560,000
550,000		U.S. Unwired Inc., Second Priority Secured Notes, Series B, 10.000% due 6/15/12	640,750
		Total Telecommunications	12,386,331
Textiles — 0.2%
400,000		Collins & Aikman Floor Covering Inc., Senior Subordinated Notes, Series B, 9.750% due 2/15/10	412,000
425,000		Simmons Bedding Co., Senior Discount Notes, step bond to yield 12.121% due 12/15/14 (c)	246,500
		Total Textiles	658,500
Transportation — 0.1%
225,000		General Maritime Corp., Senior Notes, 10.000% due 3/15/13	246,938
1,250,000		Holt Group Inc., Senior Notes, 9.750% due 1/15/06 (e)(f)(g)*	0
		Total Transportation	246,938
		Total Corporate Bonds & Notes (Cost — $128,099,104)	128,653,455
Convertible Bonds & Notes — 0.1%
Electronics — 0.0%
61,000		Sanmina-SCI Corp., Subordinated Debentures, zero coupon bond to yield 3.941% due 9/12/20	33,931
Telecommunications — 0.1%
325,000		American Tower Corp., Notes, 5.000% due 2/15/10	324,594
		Total Convertible Bonds & Notes (Cost — $202,054)	358,525
Asset-Backed Security — 0.0%
Diversified Financial Services — 0.0%
987,700		Airplanes Pass-Through Trust, Series D, 10.875% due 3/15/12 (e)(f)(g)*
		(Cost — $987,700)	0

See Notes to Financial Statements.

Page 24

Schedule of Investments (August 31, 2005) (continued)

Shares	Security(a)	Value
Common Stocks — 2.4%
Consumer Discretionary — 1.0%
Household Durables — 0.0%
10,194	Mattress Discounters Corp. (e)(g)*	$	0
Media — 1.0%
20,158	Liberty Global Inc., Class A Shares*	1,023,019
29,465	NTL Inc.*	1,882,224
	Total Media	2,905,243
	Total Consumer Discretionary	2,905,243
Industrials — 0.0%
Machinery — 0.0%
5	Glasstech Inc. (e)(g)*	0
Information Technology — 0.0%
Computers & Peripherals — 0.0%
12,166	Axiohm Transaction Solutions Inc. (e)(g)*	0
Materials — 0.1%
Chemicals — 0.1%
12,121	Applied Extrusion Technologies Inc., Class A Shares*	163,633
Telecommunication Services — 1.3%
Diversified Telecommunication Services — 0.5%
57,202	Telewest Global Inc.*	1,269,884
Wireless Telecommunication Services — 0.8%
97,132	American Tower Corp., Class A Shares*	2,315,627
	Total Telecommunication Services	3,585,511
	Total Common Stocks (Cost — $5,928,508)	6,654,387
Preferred Stock — 0.0%
Consumer Discretionary — 0.0%
Textiles, Apparel & Luxury Goods — 0.0%
12	Anvil Holdings Inc., 13.000%	63
Financials — 0.0%
Diversified Financial Services (e)(g) — 0.0%
4,091	TCR Holdings Corp., Class B Shares*	4
2,250	TCR Holdings Corp., Class C Shares*	2
5,932	TCR Holdings Corp., Class D Shares*	6
12,271	TCR Holdings Corp., Class E Shares*	13
	Total Financials	25

See Notes to Financial Statements.

Page 25

Schedule of Investments (August 31, 2005) (continued)

Shares	Security(a)	Value
Industrials — 0.0%
Machinery (e)(g) — 0.0%
5	Glasstech Inc.*	$	0
	Total Preferred Stock (Cost — $1,471)	88
Convertible Preferred Stock — 0.4%
Telecommunication Services — 0.4%
Wireless Telecommunication Services — 0.4%
902	Alamosa Holdings Inc., 7.500% Cumulative Convertible, Series B
	(Cost — $274,160)	1,163,805
Escrowed Shares (g) — 0.0%
1,750,000	Breed Technologies Inc. (e)*	0
1,000,000	Imperial Holly Co. (e)*	0
625,000	Pillowtex Corp.*	0
397,208	Vlasic Foods International Inc. (e)*	14,379
	Total Escrowed Shares (Cost — $0)	14,379
Warrants
Warrants — 0.2%
365	American Tower Corp., expires 8/1/08 (c)*	123,246
9,125	Bolivarian Republic of Venezuela, Oil-linked payment obligations, expires 4/15/20*	228,125
1,837,246	ContiFinancial Corp., Liquidating Trust, Units of Interest (Represents interest in a trust in the liquidation of ContiFinancial Corp. and its affiliates) (e)*	2,297
1,000	Mattress Discounters Co., expires 7/15/07 (c)(e)(g)*	0
300	Mueller Holdings Inc., expires 4/15/14 (c)*	108,075
4,202	Pillowtex Corp., expires 11/24/09 (e)(g)*	4
750	UbiquiTel Inc., expires 4/15/10 (c)(e)(g)*	7
	Total Warrants (Cost — $79,914)	461,754
	Total Investments Before Short-Term Investments(Cost — $254,854,371)	267,018,684

See Notes to Financial Statements.

Page 26

Schedule of Investments (August 31, 2005) (continued)

Face Amount		Security(a)	Value
Short-Term Investments — 2.5%
Repurchase Agreements — 2.5%
$	2,732,000	Interest in $638,841,000 joint tri-party repurchase agreement dated 8/31/05 with Deutsche Bank Securities Inc., 3.580% due 9/1/05, Proceeds at maturity — $2,732,272; (Fully collateralized by various U.S. government agency obligations, 0.000% to 4.910% due 9/6/05 to 4/25/12; Market value — $2,786,642)	$	2,732,000
4,000,000		Interest in $666,711,000 joint tri-party repurchase agreement dated 8/31/05 with Merrill Lynch, Pierce, Fenner & Smith Inc., 3.580% due 9/1/05, Proceeds at maturity — $4,000,398; (Fully collateralized by U.S. government agency obligations, 0.000% to 6.000% due 9/21/05 to 11/15/24; Market value — $4,080,019)	4,000,000
		Total Short-Term Investments (Cost — $6,732,000)	6,732,000
		Total Investments — 100.0% (Cost — $261,586,371#)	$	273,750,684

*	Non-income producing security.
(a)	All securities segregated as collateral pursuant to loan agreement, swap contracts and/or reverse repurchase agreements.
(b)	Variable rate securities. Interest rates disclosed are those which are in effect at August 31, 2005.
(c)	Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors unless otherwise noted.
(d)	Participation interest was acquired through the financial institutions indicated parenthetically.
(e)	Illiquid security.
(f)	Security is currently in default.
(g)	Security is valued in good faith at fair value by or under the direction of the Board of Directors.
#	Aggregate cost for federal income tax purposes is $262,293,506.
	Abbreviations used in this schedule:
	DCB	—Debt Conversion Bond
	FLIRB	—Front-Loaded Interest Reduction Bonds

See Notes to Financial Statements.

Page 27

Statement of Assets and Liabilities (August 31, 2005)

ASSETS:
Investments, at value (Cost — $261,586,371)	$	273,750,684
Cash	454
Interest receivable	5,022,733
Receivable for open reverse repurchase agreements	10,406,389
Receivable for securities sold	3,031,356
Unrealized appreciation on swap contracts	109,920
Prepaid expenses	12,940
Total Assets	292,334,476
LIABILITIES:
Loan payable (Note 4)	59,124,414
Payable for open reverse repurchase agreements (Notes 1 and 3)	22,285,764
Payable for closed reverse repurchase agreement	4,960,000
Payable for securities purchased	4,125,476
Dividends payable	1,315,010
Interest payable (Notes 3 and 4)	476,074
Management fee payable	176,520
Directors’ fees payable	68
Accrued expenses	173,364
Total Liabilities	92,636,690
Total Net Assets	$	199,697,786
NET ASSETS:
Par value ($0.001 par value; 15,289,720 shares issued and outstanding; 100,000,000 shares authorized)	$	15,290
Paid-in capital in excess of par value	205,937,505
Overdistributed net investment income	(1,192,662		)
Accumulated net realized loss on investments and swap contracts	(17,336,580		)
Net unrealized appreciation on investments and swap contracts	12,274,233
Total Net Assets	$	199,697,786
Shares Outstanding	15,289,720
Net Asset Value	$	13.06

See Notes to Financial Statements.

Page 28

Statement of Operations (For the year ended August 31, 2005)

INVESTMENT INCOME:
Interest	$	21,401,989
Dividends	77,188
Total Investment Income	21,479,177
EXPENSES:
Interest expense (Notes 3 and 4)	2,750,675
Management fee (Note 2)	2,029,753
Custody	92,370
Shareholder reports	88,645
Audit and tax	65,700
Directors’ fees	58,148
Legal fees	39,534
Transfer agent fees	33,918
Stock exchange listing fees	17,489
Insurance	6,820
Loan fees	5,038
Miscellaneous expenses	378
Total Expenses	5,188,468
Net Investment Income	16,290,709
REALIZED AND UNREALIZED GAIN ON INVESTMENTS AND SWAP CONTRACTS (NOTES 1 AND 3):
Net Realized Gain From:
Investment transactions	10,255,107
Swap contracts	101,400
Net Realized Gain	10,356,507
Change in Net Unrealized Appreciation/Depreciation From:
Investments	4,986,431
Swap contracts	109,920
Change in Net Unrealized Appreciation/Depreciation	5,096,351
Net Gain on Investments and Swap Contracts	15,452,858
Increase in Net Assets From Operations	$	31,743,567

See Notes to Financial Statements.

Page 29

Statements of Changes in Net Assets (For the years ended August 31,)

	2005				2004
OPERATIONS:
Net investment income	$	16,290,709			$	17,551,233
Net realized gain	10,356,507				15,770,816
Change in net unrealized appreciation/depreciation	5,096,351				(2,663,628			)
Increase in Net Assets From Operations	31,743,567				30,658,421
DISTRIBUTIONS TO SHAREHOLDERS FROM (NOTE 1):
Net investment income	(18,167,280			)	(21,573,390			)
Decrease in Net Assets From Distributions to Shareholders	(18,167,280			)	(21,573,390			)
FUND SHARE TRANSACTIONS:
Proceeds from shares issued on reinvestment of distributions (89,072 and 110,997 shares issued, respectively)	1,185,386				1,500,444
Increase in Net Assets From Fund Share Transactions	1,185,386				1,500,444
Increase in Net Assets	14,761,673				10,585,475
NET ASSETS:
Beginning of year	184,936,113				174,350,638
End of year*	$	199,697,786			$	184,936,113
* Includes overdistributed net investment income of:			$(1,192,662	)			$(262,819	)

See Notes to Financial Statements.

Page 30

Statement of Cash Flows

(For the year ended August 31, 2005)

CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES:
Interest and dividends received	$	20,357,262
Operating expenses paid	(2,411,315		)
Net purchases of short-term investments	(5,242,000		)
Realized gain on swap contracts	101,400
Purchases of long-term investments	(127,539,505		)
Proceeds from disposition of long-term investments	145,437,721
Interest paid	(2,562,366		)
Net Cash Flows Provided By Operating Activities	28,141,197
CASH FLOWS PROVIDED (USED) BY FINANCING ACTIVITIES:
Cash distributions paid on Common Stock	(16,852,270		)
Repayment of reverse repurchase agreements	(12,637,954		)
Proceeds from reinvestment of dividends	1,185,386
Net Cash Flows Used By Financing Activities	(28,304,838		)
Net Decrease in Cash	(163,641		)
Cash, Beginning of year	164,095
Cash, End of year	$	454
RECONCILIATION OF INCREASE IN NET ASSETS FROM OPERATIONS TO NET CASH FLOWS PROVIDED (USED) BY OPERATING ACTIVITIES:
Increase in Net Assets From Operations	$	31,743,567
Accretion of discount on investments	(1,968,667		)
Amortization of premium on investments	610,897
Increase in investments, at value	(3,027,970		)
Increase in payable for securities purchased	3,351,694
Decrease in interest receivable	235,855
Increase in receivable for securities sold	(3,018,966		)
Increase in prepaid expenses	(7,659		)
Increase in interest payable	188,309
Increase in accrued expenses, management fee and Directors’ fee payable	34,137
Total Adjustments	(3,602,370		)
Net Cash Flows Provided By Operating Activities	$	28,141,197

See Notes to Financial Statements.

Page 31

Financial Highlights

For a share of common stock outstanding throughout each year ended August 31, unless otherwise noted:

Salomon Brothers Global Partners Income Fund Inc.	2005			2004			2003			2002			2001
Net Asset Value, Beginning of Year	$	12.17		$	11.55		$	8.88		$	10.77		$	11.94
Income (Loss) From Operations:
Net investment income	1.07			1.15			1.30			1.36		(1)	1.38
Net realized and unrealized gain (loss)	1.01			0.89			2.79			(1.83		)(1)	(1.12		)
Total Income (Loss) From Operations	2.08			2.04			4.09			(0.47		)	0.26
Less Distributions From:
Net investment income	(1.19		)	(1.43		)	(1.43		)	(1.38		)	(1.42		)
Return of capital	—			—			—			(0.05		)	(0.01		)
Total Distributions	(1.19		)	(1.43		)	(1.43		)	(1.43		)	(1.43		)
Increase in Net Asset Value Due to Shares Issued on Reinvestment of Distributions	—			0.01			0.01			0.01			—
Net Asset Value, End of Year	$	13.06		$	12.17		$	11.55		$	8.88		$	10.77
Market Price, End of Year	$	12.78		$	14.03		$	13.11		$	10.43		$	11.88
Total Return, Based on Market Price(2)	(0.39		)%	18.86		%	42.71		%	(0.25		)%	16.26		%
Total Return, Based on NAV(2)	17.88		%	18.63		%	49.79		%	(4.85		)%	2.66		%
Net Assets, End of Year (000s)	$	199,698		$	184,936		$	174,351		$	132,851		$	159,797
Ratios to Average Net Assets:
Expenses	2.68		%	2.11		%	2.37		%	3.24		%	4.90		%
Expenses, excluding interest expense	1.26			1.27			1.36			1.43			1.28
Net investment income	8.43			9.64			12.76			13.80		(1)	12.53
Portfolio Turnover Rate	49		%	69		%	91		%	129		%	92		%
Supplemental Data:
Loan Outstanding, End of Year (000s)	$	59,124		$	59,124		$	59,124		$	59,124		$	75,000
Weighted Average Loan (000s)	$	59,124		$	59,124		$	59,124		$	72,423		$	75,000
Weighted Average Interest Rate on Loans	3.79		%	2.41		%	2.65		%	3.71		%	7.86		%

(1)Effective September 1, 2001, the Fund adopted a change in the accounting method that requires the Fund to amortize premiums and accrete all discounts. Without the adoption of this change, for the year ended August 31, 2002, the change to net investment income, net realized and unrealized gain (loss) and the ratio of net investment income to average net assets would have been $1.37, $1.84 and 13.87%, respectively. Per share information, ratios and supplemental data for the periods prior to September 1, 2001 have not been restated to reflect this change in presentation.

(2)For the purpose of this calculation, distributions are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan and the broker commission paid to purchase or sell a share is excluded.

See Notes to Financial Statements.

Page 32

Notes to Financial Statements

1.  Organization and Significant Accounting Policies

The Salomon Brothers Global Partners Income Fund Inc. (the “Fund”) was incorporated in Maryland on September 3, 1993 and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940 (“1940 Act”), as amended. The Fund seeks to maintain a high level of current income by investing primarily in a portfolio of high-yield U.S. and non-U.S. corporate debt securities. As a secondary objective, the Fund seeks capital appreciation.

The following are significant accounting policies consistently followed by the Fund. These policies are in conformity with U.S. generally accepted accounting principles (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.

(a) INVESTMENT VALUATION. Debt securities are valued at the mean between the bid and asked prices provided by an independent pricing service that are based on transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and various relationships between securities. Equity securities for which market quotations are available are valued at the last sale price or official closing price on the primary market or exchange on which they trade. Publicly traded foreign government debt securities are typically traded internationally in the over-the-counter market, and are valued at the mean between the bid and asked prices as of the close of business of that market. However, when the spread between the bid and asked prices exceeds five percent of the par value of the security, the security is valued at the bid price. When prices are not readily available, or are determined not to reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund may value these investments at fair value as determined in accordance with the procedures approved by the Fund’s Board of Directors. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates market value.

(b) REPURCHASE AGREEMENTS. When entering into repurchase agreements, it is the Fund’s policy that its custodian or a third party custodian take possession of the underlying collateral securities, the market value of which at least equals the principal amount of the repurchase transaction, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked-to-market to ensure the adequacy of the collateral. If the seller defaults, and the market value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited.

(c) REVERSE REPURCHASE AGREEMENTS. The Fund may enter into reverse repurchase agreements in which the Fund sells portfolio securities and agrees to repurchase them from the buyer at a specified date and price. Whenever the Fund enters into a reverse repurchase agreement, the Fund’s custodian delivers liquid assets to the counterparty in an amount at least equal to the repurchase price marked-to-market daily (including accrued interest). The Fund pays interest on amounts obtained pursuant to reverse repurchase agreements. Reverse repurchase agreements are considered to be borrowings which may create leverage risk by the Fund.

Page 33

Notes to Financial Statements (continued)

(d) LOAN PARTICIPATIONS. The Fund may invest in loans arranged through private negotiation between one or more financial institutions. The Fund’s investment in any such loan may be in the form of a participation in or an assignment of the loan. In connection with purchasing participations, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement relating to the loan, nor any rights of set-off against the borrower and the Fund may not benefit directly from any collateral supporting the loan in which it has purchased the participation.

The Fund will assume the credit risk of both the borrower and the lender that is selling the participation and any other persons interpositioned between the Fund and the borrower. In the event of the insolvency of the lender selling the participation, the Fund may be treated as a general creditor of the lender and may not benefit from any set-off between the lender and the borrower.

(e) CREDIT DEFAULT SWAPS. The Fund may enter into credit default swap contracts (“swaps”) for investment purposes, to manage its credit risk or to add leverage. As a seller in a credit default swap contract, the Fund is required to pay the notional or other agreed-upon value to the counterparty in the event of a default by a third party, such as a U.S. or foreign corporate issuer, on the referenced debt obligation. In return, the Fund receives from the counterparty a periodic stream of payments over the term of the contract provided that no event of default has occurred. If no default occurs, the Fund keeps the stream of payments and has no payment obligations. Such periodic payments are accrued daily and accounted for as realized gain.

The Fund may also purchase credit default swap contracts in order to hedge against the risk of default of debt securities held, in which case the Fund functions as the counterparty referenced in the preceding paragraph. As a purchaser of a credit default swap contract, the Fund receives the notional or other agreed upon value from the counterparty in the event of a default by a third party, such as a U.S. or foreign corporate issuer on the referenced debt obligation. In return, the Fund makes periodic payments to the counterparty over the term of the contract provided no event of default has occurred. Such periodic payments are accrued daily and accounted for as realized loss.

Swaps are marked-to-market daily based upon quotations from market makers and the change in value, if any, is recorded as unrealized appreciation or depreciation in the Fund’s Statement of Operations. For a credit default swap sold by the Fund, payment of the agreed upon amount made by the Fund in the event of default of the referenced debt obligation is recorded as the cost of the referenced debt obligation purchased/received. For a credit default swap purchased by the Fund, the agreed upon amount received by the Fund in the event of default of the referenced debt obligation is recorded as proceeds from sale/delivery of the referenced debt obligation and the resulting gain or loss realized on the referenced debt obligation is recorded as such by the Fund.

Entering into credit default swaps involves, to varying degrees, elements of credit, market and documentation risk in excess of the related amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there will be unfavorable changes in net interest rates.

Page 34

Notes to Financial Statements (continued)

(f) SECURITY TRANSACTIONS AND INVESTMENT INCOME. Security transactions are accounted for on a trade date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults on an expected interest payment, the Fund’s policy is to generally halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default.

(g) FOREIGN CURRENCY TRANSLATION. Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.

The Fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities, at the date of valuation, resulting from changes in exchange rates.

Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of U.S. dollar denominated transactions as a result of, among other factors, the possibility of lower levels of governmental supervision and regulation of foreign securities markets and the possibility of political or economic instability.

(h) CREDIT AND MARKET RISK. The Fund invests in high yield and emerging market instruments that are subject to certain credit and market risks. The yields of high yield and emerging market debt obligations reflect, among other things, perceived credit and market risk. The Fund’s investment in securities rated below investment grade typically involve risks not associated with higher rated securities including, among others, greater risk related to timely and ultimate payment of interest and principal, greater market price volatility and less liquid secondary market trading. The consequences of political, social, economic or diplomatic changes may have disruptive effects on the market prices of investments held by the Fund. The Fund’s investment in non-dollar denominated securities may also result in foreign currency losses caused by devaluations and exchange rate fluctuations.

(i) DISTRIBUTIONS TO SHAREHOLDERS. Distributions from net investment income for the Fund, if any, are declared and paid on a monthly basis. Distributions of net realized gains, if any, are declared at least annually. Distributions are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.

Page 35

Notes to Financial Statements (continued)

(j) CASH FLOW INFORMATION. The Fund invests in securities and distributions to shareholders, which are paid in cash and may be reinvested at the discretion of shareholders. These activities are reported in the Statement of Changes in Net Assets and additional information on cash receipts and cash payments are presented in the Statement of Cash Flows.

(k) FEDERAL AND OTHER TAXES. It is the Fund’s policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies. Accordingly, the Fund intends to distribute substantially all of its taxable income and net realized gains on investments, if any, to shareholders each year. Therefore, no federal income tax provision is required in the Fund’s financial statements.

(l) RECLASSIFICATIONS. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset values per share. During the current year, the following reclassifications have been made:

	Overdistributed Net Investment Income		Accumulated Net Realized Loss		Paid-in Capital
(a)	$(50,303	)	—		$50,303
(b)	997,031		$(997,031	)	—

(a)Reclassifications are primarily due to a taxable overdistribution.

(b)Reclassifications are primarily due to differences between book and tax amortization of premium on fixed income securities and book/tax differences in the treatment of credit default swaps.

2.  Management and Advisory Fees and Other Transactions

Salomon Brothers Asset Management Inc (“SBAM”), an indirect wholly-owned subsidiary of Citigroup Inc. (“Citigroup”) acts as investment manager and administrator of the Fund. SBAM is responsible for the management of the Fund’s portfolio in accordance with the Fund’s investment objectives and policies.

The Fund pays SBAM a monthly fee at an annual rate of 1.05% of the Fund’s average weekly net assets for its services. This fee is calculated daily and paid monthly.

Certain officers and one director of the Fund are employees of Citigroup or its affiliates and do not receive compensation from the Fund.

Page 36

Notes to Financial Statements (continued)

3.  Investments

During the year ended August 31, 2005, the aggregate cost of purchases and proceeds from sales of investments (excluding short-term investments) were as follows:

Purchases	$	130,891,199
Sales	148,411,848

At August 31, 2005, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were as follows:

Gross unrealized appreciation	$	19,963,441
Gross unrealized depreciation	(8,506,263		)
Net unrealized appreciation	$	11,457,178

At August 31, 2005, the Fund held one loan participation with a cost of $360,162 and a market value of $363,215.

Transactions in reverse repurchase agreements for the Fund during the year ended August 31, 2005 were as follows:

Average Daily Balance	Weighted Average Interest Rate	Maximum Amount Outstanding
$24,124,525	2.09%	$31,247,275

Interest rates on reverse repurchase agreements ranged from 0.150% to 3.600% during the year ended August 31, 2005. Interest expense incurred on reverse repurchase agreements totaled $511,333.

Page 37

Notes to Financial Statements (continued)

At August 31, 2005, the Fund had the following open reverse repurchase agreements:

Face Amount		Security	Value
$	11,060,000	Reverse Repurchase Agreement with JPMorgan Chase & Co., dated 8/9/05 bearing interest at 3.000% to be repurchased at $11,396,408 on 8/9/06, collateralized by: $10,000,000 United Mexican States, Medium-Term Notes, Series A, 6.625% due 3/3/15; Market value (including accrued interest) — $11,370,149	$	11,060,000
819,375		Reverse Repurchase Agreement with JPMorgan Chase & Co., dated 8/11/05 bearing interest at 2.750% to be repurchased at $842,221 on 8/11/06, collateralized by: $575,000 Republic of Turkey, 11.750% due 1/15/30; Market value (including accrued interest) — $829,719	819,375
10,406,389		Reverse Repurchase Agreement with JPMorgan Chase & Co., dated 9/2/05 bearing interest at 3.650% to be repurchased at $10,791,498 on 9/2/06, collateralized by: $10,000,000 Federative Republic of Brazil, Collective Action Securities, 8.000% due 1/15/15; Market value (including accrued interest) — $10,408,041	10,406,389
		Total Reverse Repurchase Agreements (Cost — $22,285,764)	$	22,285,764

At August 31, 2005, the Fund held the following credit default swap contract:

Swap Counterparty:	Morgan Stanley & Co. International Ltd.
Effective Date:	3/16/05
Reference Entity:	Federative Republic of Brazil, 12.250% due 3/6/30
Notional Amount:	$6,000,000, Fixed Rate 3.600%
Termination Date:	3/20/10
Unrealized Appreciation:	$109,920

4.  Loan

At August 31, 2005, the Fund had an $81,000,000 loan available pursuant to a revolving credit and security agreement, of which the Fund had $59,124,414 outstanding with CHARTA, LLC (as successor by assignment to CXC, LLC) (the “Lender”), an affiliate of Citigroup, a commercial paper conduit issuer for which Citicorp North America, Inc., an affiliate of SBAM, acts as administrative agent. The loans generally bear interest at a variable rate based on the weighted average interest rates of the commercial paper or LIBOR, plus any applicable margin. Securities held by the Fund are subject to a lien, granted to the lenders, to the extent of the borrowing outstanding and any additional expenses. For the year ended August 31, 2005, the Fund incurred interest expense related to the loan of $2,239,342.

Page 38

Notes to Financial Statements (continued)

5.  Dividends Subsequent to August 31, 2005

On July 25, 2005, the Fund’s Board declared three dividends, each in the amount of $0.0840 per share, payable on September 30, October 28, and November 25, 2005 to shareholders of record on September 13, October 18, and November 15, 2005, respectively.

6.  Income Tax Information and Distributions to Shareholders

The tax character of distributions paid during the fiscal years ended August 31, were as follows:

	2005		2004
Distributions paid from: Ordinary Income	$	18,167,280	$	21,573,390
Total Distributions Paid	$	18,167,280	$	21,573,390

As of August 31, 2005, the components of accumulated earnings on a tax basis were as follows:

Capital loss carryforward*	$	(16,629,445	)
Other book/tax temporary differences(a)	(1,192,662		)
Unrealized appreciation/(depreciation)(b)	11,567,098
Total accumulated earnings/(losses) — net	$	(6,255,009	)

*During the taxable year ended August 31, 2005, the Fund utilized $10,036,535 of its capital loss carryover available from prior years. As of August 31, 2005, the Fund had the following net capital loss carryforward remaining:

Year of Expiration	Amount
8/31/2010	$(16,629,445)

These amounts will be available to offset any future taxable capital gains.

(a)Other book/tax temporary differences are attributable primarily to the difference between cash and accrual basis distributions paid and book/tax differences in the accrual of interest income on securities in default.

(b)The difference between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable primarily to the tax deferral of losses on wash sales and the difference between book & tax amortization methods for premiums on fixed income securities.

7.  Regulatory Matters and Related Litigation

On May 31, 2005, the U.S. Securities and Exchange Commission (“SEC”) issued an order in connection with the settlement of an administrative proceeding against Smith Barney Fund Management LLC (“SBFM”) and Citigroup Global Markets Inc. (“CGMI”) relating to the appointment of an affiliated transfer agent for the Smith Barney family of mutual funds (the “Funds”).

The SEC order finds that SBFM and CGMI willfully violated Section 206(1) of the Investment Advisers Act of 1940 (“Advisers Act”). Specifically, the order finds that SBFM and CGMI knowingly or recklessly failed to disclose to the boards of the Funds in 1999 when proposing a new transfer agent arrangement with an affiliated transfer agent that: First Data Investors Services Group (“First Data”), the Funds’ then-existing transfer agent, had offered to continue as transfer agent and do the same work for substantially less money

Page 39

Notes to Financial Statements (continued)

than before; and that Citigroup Asset Management (“CAM”), the Citigroup business unit that includes the fund’s investment manager and other investment advisory companies, had entered into a side letter with First Data under which CAM agreed to recommend the appointment of First Data as sub-transfer agent to the affiliated transfer agent in exchange, among other things, for a guarantee by First Data of specified amounts of asset management and investment banking fees to CAM and CGMI. The order also finds that SBFM and CGMI willfully violated Section 206(2) of the Advisers Act by virtue of the omissions discussed above and other is representations and omissions in the materials provided to the Funds’ boards, including the failure to make clear that the affiliated transfer agent would earn a high profit for performing limited functions while First Data continued to perform almost all of the transfer agent functions, and the suggestion that the proposed arrangement was in the Funds’ best interests and that no viable alternatives existed. SBFM and CGMI do not admit or deny any wrongdoing or liability. The settlement does not establish wrongdoing or liability for purposes of any other proceeding.

The SEC censured SBFM and CGMI and ordered them to cease and desist from violations of Sections 206(1) and 206(2) of the Advisers Act. The order requires Citigroup to pay $208.1 million, including $109 million in disgorgement of profits, $19.1 million in interest, and a civil money penalty of $80 million. Approximately $24.4 million has already been paid to the Funds, primarily through fee waivers. The remaining $183.7 million, including the penalty, has been paid to the U.S. Treasury and will be distributed pursuant to a plan prepared by Citigroup and submitted for approval by the SEC. The order also requires that transfer agency fees received from the Funds since December 1, 2004 less certain expenses be placed in escrow and provides that a portion of such fees may be subsequently distributed in accordance with the terms of the order.

The order requires SBFM to recommend a new transfer agent contract to the Fund boards within 180 days of the entry of the order; if a Citigroup affiliate submits a proposal to serve as transfer agent or sub-transfer agent, an independent monitor must be engaged at the expense of SBFM and CGMI to oversee a competitive bidding process. Under the order, Citigroup also must comply with an amended version of a vendor policy that Citigroup instituted in August 2004. That policy, as amended, among other things, requires that when requested by a Fund board, CAM will retain at its own expense an independent consulting expert to advise and assist the board on the selection of certain service providers affiliated with Citigroup.

At this time, there is no certainty as to how the proceeds of the settlement will be distributed, to whom such distributions will be made, the methodology by which such distributions will be allocated, and when such distributions will be made. Although there can be no assurance, Citigroup does not believe that this matter will have a material adverse effect on the Funds.

The Fund did not implement the contractual arrangement described above and will not receive any payments.

Beginning in August 2005, five class action lawsuits alleging violations of federal securities laws and state law were filed against CGMI and SBFM (collectively, the “Defendants”) based on the May 31, 2005 settlement order issued against the Defendants by the SEC. The complaints seek injunctive relief and compensatory and punitive

Page 40

Notes to Financial Statements (continued)

damages, removal of SBFM as the advisor for the Smith Barney family of funds, rescission of the Funds’ management and other contracts with SBFM, recovery of all fees paid to SBFM pursuant to such contracts, and an award of attorneys’ fees and litigation expenses.

On October 5, 2005, a motion to consolidate the five actions and any subsequently-filed, related action was filed. That motion contemplates that a consolidated amended complaint alleging substantially similar causes of action will be filed in the future.

As of the date of this report, CAM believes that resolution of the pending lawsuit will not have a material effect on the financial position or results of operations of the Funds or the ability of the Advisers and their affiliates to continue to render services to the Funds under their respective contracts.

8. Change in Independent Registered Public Accounting Firm (unaudited)

PricewaterhouseCoopers LLP resigned as the independent registered public accounting firm for the Fund effective June 17, 2005. The Fund’s Audit Committee approved the engagement of KPMG LLP as the Fund’s new independent registered public accounting firm for the fiscal year ending August 31, 2005. A majority of the Fund’s Board of Directors, including a majority of the independent Directors, approved the appointment of KPMG LLP, subject to the right, of the Fund, by a majority vote of the shareholders at any meeting called for that purpose, to terminate the appointment without penalty.

The reports of PricewaterhouseCoopers LLP on the Fund’s financial statements for each of the last two fiscal years contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. There have been no disagreements with PricewaterhouseCoopers LLP during the Fund’s two most recent fiscal years and any subsequent interim period on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to the satisfaction of PricewaterhouseCoopers LLP, would have caused them to make reference thereto in their reports on the financial statements for such years.

9.  Other Matters

On June 24, 2005, Citigroup announced that it has signed a definitive agreement under which Citigroup will sell substantially all of its worldwide asset management business to Legg Mason, Inc. (“Legg Mason”).

As part of this transaction, SBAM (the “Manager”), currently an indirect wholly owned subsidiary of Citigroup, would become an indirect wholly owned subsidiary of Legg Mason. The Manager is the investment manager to the Fund.

The transaction is subject to certain regulatory approvals, as well as other customary conditions to closing. Subject to such approvals and the satisfaction of the other conditions, Citigroup expects the transaction to be completed later this year.

Under the Investment Company Act of 1940, consummation of the transaction will result in the automatic termination of the investment management contract between the Fund and the Manager. Therefore, the Fund’s Board has approved a new investment management contract between the Fund and the Manager to become effective upon the

Page 41

Notes to Financial Statements (continued)

closing of the sale to Legg Mason. The new investment management contract has been presented to the shareholders of the Fund for the approval.

10.  Subsequent Event

The Fund has received information from Citigroup Asset Management (“CAM”) concerning Salomon Brothers Asset Management Inc (“SBAM”), an investment advisory company that is part of CAM. The information received from CAM is as follows:

On September 16, 2005, the staff of the Securities and Exchange Commission (the “Commission”) informed SBAM that the staff is considering recommending that the Commission institute administrative proceedings against SBAM for alleged violations of Sections 19(a) and 34(b) of the Investment Company Act (and related Rule 19a-1). The notification is a result of an industry wide inspection undertaken by the Commission and is based upon alleged deficiencies in disclosures regarding dividends and distributions paid to shareholders of certain funds. In connection with the contemplated proceedings, the staff may seek a cease and desist order and/or monetary damages from SBAM.

Although there can be no assurance, SBAM believes that this matter is not likely to have a material adverse effect on the Fund or SBAM’s ability to perform investment advisory services relating to the Fund.

The Commission staff’s recent notification will not affect the sale by Citigroup Inc. of substantially all of CAM’s worldwide business to Legg Mason, Inc., which Citigroup continues to expect will occur in the fourth quarter of this year.

Page 42

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders
Salomon Brothers Global Partners Income Fund Inc.

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Salomon Brothers Global Partners Income Fund Inc. as of August 31, 2005, and the related statement of operations for the year then ended, the statements of changes in net assets, the statement of cash flows and financial highlights for the year then ended. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audit. The statement of changes in net assets for the year ended August 31, 2004 and the financial highlights for each of the years in the four year period then ended were audited by other independent registered public accountants whose report thereon, dated October 22, 2004, expressed an unqualified opinion on that financial statement and those financial highlights.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of August 31, 2005, by correspondence with the custodian and broker or by other appropriate auditing procedures where replies from brokers were not received. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Salomon Brothers Global Partners Income Fund Inc. as of August 31, 2005, and the results of its operations for the year then ended, the changes in its net assets, its cash flows and the financial highlights for the year then ended, in conformity with U.S. generally accepted accounting principles.

New York, New York

October 21, 2005

Page 43

Board Approval of Management Agreement (unaudited)

Background

The members of the Board of Salomon Brothers Global Partners Income Fund Inc. (the “Fund”), including the Fund’s independent, or non-interested, Board members (the “Independent Board Members”), received extensive information from the Fund’s manager (the “Manager”) to assist them in their consideration of the Fund’s management agreement (the “Management Agreement”). This includes a variety of information about the Manager, including the advisory arrangements for the Fund and other funds overseen by the Board, certain portions of which are discussed below.

At an in-person meeting held on July 25 and 26, 2005, a presentation was made to the Board by the Manager that encompassed the Fund and all the funds for which the Board has responsibility. The Board evaluated information made available on a fund-by-fund basis and their determinations were made separately in respect of each fund, including the Fund. This Fund has a combined investment advisory and administration agreement. The discussion below covers both advisory and administrative functions being rendered by the Manager.

Board Approval of Management Agreement

The Board unanimously approved the continuation of the Management Agreement for a period of up to one year concluding, in doing so, that the Manager should continue to be the Fund’s investment adviser and that the compensation payable under the agreement is fair and reasonable in light of the services performed, expenses incurred and such other matters as the Board considered relevant in the exercise of its business judgment. In approving continuance of the Management Agreement, the Board considered the announcement on June 24, 2005 by Citigroup that it had signed a definitive agreement under which Citigroup will sell substantially all of its worldwide asset management business to Legg Mason, Inc. Upon completion of this transaction the Manager, currently an indirect wholly-owned subsidiary of Citigroup, would become an indirect wholly-owned subsidiary of Legg Mason, Inc. and the Management Agreement will terminate. Other factors considered and conclusions rendered by the Board in determining to approve the continuation of the Management Agreement included the following:

Nature, Extent and Quality of the Services under the Management Agreement

The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by the Manager under the Management Agreement during the past year. The Board also received a description of the administrative and other services rendered to the Fund and its shareholders by the Manager. The Board noted that it had received information at regular meetings throughout the year related to the services rendered by the Manager about the management of the Fund’s affairs and the Manager’s role in coordinating the activities of the Fund’s other service providers. The Board’s evaluation of the services provided by the Manager took into account the Board’s knowledge

Page 44

Board Approval of Management Agreement (unaudited) (continued)

and familiarity gained as Board members of funds in the Citigroup Asset Management (“CAM”) fund complex, including the scope and quality of the Manager’s investment management and other capabilities and the quality of its administrative and other services. The Board considered that the scope of services provided by the Manager had expanded over time as a result of regulatory and other developments, including maintaining and monitoring its own and the Fund’s expanded compliance programs. The Board also considered the Manager’s response to recent regulatory compliance issues affecting it and the CAM fund complex. The Board reviewed information received from the Manager regarding the implementation to date of the Fund’s compliance policies and procedures established pursuant to Rule 38a-1 under the Investment Company Act of 1940.

The Board reviewed information describing the qualifications, backgrounds and responsibilities of the Fund’s senior personnel and the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund. The Board also considered the willingness of the Manager to consider and implement organizational changes to improve investment results and the services provided to the CAM fund complex. The Board also considered financial information from the Manager and based on its general knowledge of the Manager, affiliates, the financial resources available to CAM and its parent organization, Citigroup Inc.

The Board also considered information presented regarding the Manager’s brokerage policies and practices, the standards applied in seeking best execution, the use of a broker affiliated with the Manager and the existence of quality controls applicable to brokerage allocation procedures. In addition, the Manager also reported to the Board on, among other things, its business plans, recent organizational changes and portfolio manager compensation plan.

The Board concluded that, overall, it was satisfied with the nature, extent and quality of services provided (and expected to be provided) under the Management Agreement.

Fund Performance

The Board received and considered performance information for the Fund as well as for a group of funds (the “Performance Universe”) selected by Lipper, Inc. (“Lipper”), an independent provider of investment company data. The Board was provided with a description of the methodology Lipper used to select the funds included in the Performance Universe. The Board also noted that it had received information prepared by the Manager throughout the year at periodic intervals comparing the Fund’s performance against its benchmark(s) and Lipper peers.

The information comparing the Fund’s performance to that of its Performance Universe, consisting of all closed-end non-leveraged funds classified as “emerging markets debt funds” by Lipper*, showed that the Fund’s performance for the one and three year periods presented was better than the median. Based on their review, which included consideration of all of the factors noted above, and recognizing the limited number of funds

*Lipper compares funds that charge management fees against net assets with “non-leveraged funds”, even in those cases where the Fund may use leverage.

Page 45

Board Approval of Management Agreement (unaudited) (continued)

in the Performance Universe, the Board concluded that the investment performance of the Fund has been satisfactory over time.

Management Fees and Expense Ratios

The Board considered the contractual management fee (the “Contractual Management Fee”) payable by the Fund to the Manager in light of the nature, extent and quality of the management services provided by the Manager. Additionally, the Board received and considered information prepared by Lipper comparing the Fund’s Contractual Management Fees and the Fund’s overall expenses with those of funds in a relevant expense group and a broader group of funds, each selected and provided by Lipper. The Board also reviewed information regarding fees charged by the Manager to other U.S. clients investing primarily in an asset class similar to that of the Fund including, where applicable, separate accounts. The Manager reviewed with the Board the significant differences in scope of services provided to the Fund and the scope of the services provided to these other clients, noting that, unlike such other clients, the Fund is provided with administrative services, office facilities, Fund officers (including the Fund’s chief executive, chief financial and chief compliance officers), and that the Manager coordinates and oversees the provision of services to the Fund by other Fund providers. The Board considered the fee comparisons in light of the broader range of services provided to the Fund and did not place a significant weight on this factor. The Board received an analysis of complex-wide management fees provided by the Manager, which, among other things, set out a proposed framework of fees based on asset classes.

The information comparing the Fund’s Contractual Management Fees as well as its actual total expense ratio to its Expense Group, consisting of 4 closed-end non-leveraged funds (including the Fund) classified as “emerging market debt funds” by Lipper, showed that the Fund’s Contractual Management Fees were above the median range of management fees paid by the other funds in the Expense Group. The Board noted that the Fund’s actual total expense ratio was above the median, and recognizing both that the Fund had higher expenses due to it being “levered” via a bank loan and the limited number of funds in the Expense Group, concluded that the expense ratio of the Fund was acceptable in the light of the quality of the services the Fund received and such other factors as the Board considered relevant.

Taking all of the above into consideration, the Board determined that the Fund’s Management Fee was reasonable in light of the nature, extent and quality of the services provided to the Fund under the Management Agreement.

The material factors and conclusions that formed the basis for the Board’s determination to approve the continuance of the Management Agreement (including the

Page 46

Board Approval of Management Agreement (unaudited) (continued)

determinations that the Manager should continue to serve as the investment adviser to the Fund and that the fees payable to the Manager pursuant to the Management Agreement are appropriate) included the following:

Manager Profitability

The Board considered information regarding the profitability to Manager and its affiliates of their relationships with the Fund. The Board also received profitability information with respect to the CAM fund complex as a whole. In addition, the Board received information with respect to the Manager’s allocation methodologies used in preparing this profitability data as well as a report from an outside consultant that had reviewed the Manager’s methodology. Based upon their review of the information made available, the Board concluded that the Manager’s profitability was not excessive in light of the nature, extent and quality of the services provided to the Fund.

Economies of Scale

The Board received and considered information regarding whether there have been economies of scale with respect to the management of the Fund, whether the Fund has appropriately benefited from any economies of scale, and whether, given the Fund’s closed-end structure, there is a realistic potential for realization of any further economies of scale. The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. The Board also considered whether alternative fee structures (such as breakpoints at lower asset levels) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies.

The Board also noted that as the Fund’s assets have increased over time, it has realized other economies of scale as certain expenses, such as fees for Board members, auditors and legal fees, become a smaller percentage of overall assets.

Generally, in light of the Manager’s profitability data, and such other factors as the Board considered relevant, the Board concluded that the Manager’s sharing of current economies of scale with the Fund was reasonable.

Other Benefits to the Manager

The Board considered other benefits received by the Manager and its affiliates as a result of their relationship with the Fund, including soft dollar arrangements and the opportunity to offer additional products and services to Fund shareholders.

In light of the costs of providing investment management and other services to the Fund and the Manager’s ongoing commitment to the Fund, other ancillary benefits that the Manager and its affiliates received were not considered unreasonable to the Board.

Page 47

Board Approval of Management Agreement (unaudited) (continued)

Conclusion

No single factor considered by the Board was identified by the Board as the principal factor in determining whether to approve the Management Agreement to continue for another year and Directors gave different weights to the various factors considered. The Independent Board Members were advised by separate independent legal counsel throughout the process. The Board received a memorandum from their independent counsel discussing the legal standards for their consideration of the continuation of the Management Agreement and, prior to voting, discussed the proposed continuance of the Management Agreement in a private session with such counsel at which no representatives of the Manager were present.

Page 48

Additional Information (unaudited)

Information about Directors and Officers

The business and affairs of Salomon Brothers Global Partners Income Fund Inc. (“Fund”) are managed under the direction of the Board of Directors. Information pertaining to the Directors and Officers of the Fund is set forth below.

Name, Address, and Birth Year	Position(s) Held with Fund(1)	Term of Office(1) and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios Advised by SBAM(2) and Overseen by Director (including the Fund)	Other Board Memberships Held by Director
Non-Interested Directors:
Carol L. Colman Colman Consulting Co. 278 Hawley Road North Salem, NY 10560 Birth Year: 1946	Director and Member of the Nominating and Audit Committees, Class II	Since 2003	President, Colman Consulting Co.	37	None
Daniel P. Cronin 24 Woodlawn Avenue New Rochelle, NY 10804 Birth Year: 1946	Director and Member of the Nominating and Audit Committees, Class I	Since 2003	Formerly, Associate General Counsel, Pfizer Inc.	34	None
Leslie H. Gelb 150 East 69th Street New York, NY 10021 Birth Year: 1937	Director and Member of the Nominating and Audit Committees, Class II	Since 1994	President, Emeritus and Senior Board Fellow, The Council on Foreign Relations; formerly, Columnist, Deputy Editorial Page Editor and Editor, Op-Ed Page, The New York Times	34	Director of two registered investment companies advised by Advantage Advisers, Inc. (“Advantage”)
William H. Hutchinson 535 N. Michigan Avenue Suite 1012 Chicago, IL 60611 Birth Year: 1942	Director and Member of the Nominating and Audit Committees, Class III	Since 2003	President, W.H. Hutchinson & Associates Inc.; Formerly Group Vice President, Mergers and Acquisitions, BP Amoco P.L.C.	44	Associated Banc-Corp.
Riordan Roett The Johns Hopkins University 1740 Massachusetts Avenue, NW Washington, DC 20036 Birth Year: 1938	Director and Member of the Nominating and Audit Committees, Class I	Since 1993	Professor and Director, Latin American Studies Program, Paul H. Nitze School of Advanced International Studies. The Johns Hopkins University	34	None
Jeswald W. Salacuse Tufts University The Fletcher School of Law & Diplomacy 160 Packard Avenue Medford, MA 02155 Birth Year: 1938	Director and Member of the Nominating and Audit Committees, Class III	Since 1993	Henry J. Braker Professor of Commercial Law and formerly Dean, The Fletcher School of Law & Diplomacy, Tufts University	34	Director of two registered investment companies advised by Advantage

Page 49

Additional Information (unaudited) (continued)

Name, Address, and Birth Year	Position(s) Held with Fund(1)	Term of Office(1) and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios Advised by SBAM(2) and Overseen by Director (including the Fund)	Other Board Memberships Held by Director
Interested Directors:
R. Jay Gerken, CFA(3) Citigroup Asset Management (“CAM”) 399 Park Avenue Mezzanine New York, NY 10022 Birth Year: 1951	Director, Chairman and Chief Executive Officer, Class III	Since 2002	Managing Director of Citigroup Global Markets Inc. (“CGM”); Chairman, President and Chief Executive Officer of Smith Barney Fund Management LLC (“SBFM”) and Citi Fund Management Inc. (“CFM”); President and Chief Executive Officer of certain mutual funds associated with Citigroup Inc. (“Citigroup”); Formerly, Portfolio Manager of Smith Barney Allocation Series Inc. (from 1996 to 2001) and Smith Barney Growth and Income Fund (from 1996 to 2000); Chairman, President and Chief Executive Officer of Travelers Investment Adviser, Inc. (“TIA”) (from 2002-2005)	171	None
Officers:
Peter J. Wilby, CFA CAM 399 Park Avenue, 4th Floor New York, NY 10022 Birth Year: 1958	President Executive Vice President	Since 2002 1994-2002	Managing Director of CGM and Salomon Brothers Asset Management Inc (“SBAM”)	N/A	N/A
Andrew B. Shoup CAM 125 Broad Street, 11th Floor New York, NY 10004 Birth Year: 1956	Senior Vice President and Chief Administrative Officer	Since 2003	Director of CAM; Senior Vice President and Chief Administrative Officer of mutual funds associated with Citigroup; Treasurer of certain mutual funds associated with Citigroup; Head of International Funds Administration of CAM (from 2001 to 2003); Director of Global Funds Administration of CAM (from 2000 to 2001); Head of U.S. Citibank Funds Administration of CAM (from 1998 to 2000)	N/A	N/A

Page 50

Additional Information (unaudited) (continued)

Name, Address, and Birth Year	Position(s) Held with Fund(1)	Term of Office(1) and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios Advised by SBAM(2) and Overseen by Director (including the Fund)	Other Board Memberships Held by Director
Officers:
Frances M. Guggino CAM 125 Broad Street, 10th Floor New York, NY 10004 Birth Year: 1957	Chief Financial Officer and Treasurer	Since 2004	Director of CGM; Chief Financial Officer and Treasurer of certain mutual funds associated with Citigroup.	N/A	N/A
	Controller	Since 2002	Controller of certain mutual funds associated with Citigroup from (1999 to 2004)
James E. Craige, CFA CAM 399 Park Avenue New York, NY 10022 Birth Year: 1967	Executive Vice President	Since 1999	Managing Director of CGM and SBAM	N/A	N/A
Thomas K. Flanagan, CFA CAM 399 Park Avenue New York, NY 10022 Birth Year: 1953	Executive Vice President	Since 1994	Managing Director of CGM and SBAM	N/A	N/A
Beth A. Semmel, CFA CAM 399 Park Avenue New York, NY 10022 Birth Year: 1960	Executive Vice President	Since 1998	Managing Director of CGM and SBAM	N/A	N/A
Andrew Beagley CAM 399 Park Avenue, 4th Floor New York, NY 10022 Birth Year: 1962	Chief Compliance Officer	Since 2004	Director of CGM (since 2000); Director of Compliance, North America, CAM (since 2000); Chief Anti-Money Laundering Compliance Officer, Chief Compliance Officer and Vice President of certain mutual funds associated with Citigroup, Director of Compliance, Europe, the Middle East and Africa, CAM (from 1999 to 2000); Chief Compliance Officer SBFM, CFM; Formerly Chief Compliance Officer TIA (from 2002-2005)	N/A	N/A

Page 51

Additional Information (unaudited) (continued)

Name, Address, and Birth Year	Position(s) Held with Fund(1)	Term of Office(1) and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios Advised by SBAM(2) and Overseen by Director (including the Fund)	Other Board Memberships Held by Director
Officers:
Wendy S. Setnicka CAM 125 Broad Street, 10th Floor New York, NY 10004 Birth Year: 1964	Controller	Since 2004	Vice President of CAM (since 2003); Controller of certain mutual funds associated with Citigroup; Assistant Controller of CAM (from 2002 to 2004); Accounting Manager of CAM (from 1998 to 2002)	N/A	N/A
Robert I. Frenkel CAM 300 First Stamford Place 4th Floor Stamford, CT 06902 Birth Year: 1954	Secretary and Chief Legal Officer	Since 2003	Managing Director and General Counsel of Global Mutual Funds for CAM and its predecessor (since 1994); Secretary of CFM (from 2001 to 2004); Secretary and Chief Legal Officer of mutual funds associated with Citigroup	N/A	N/A

(1)The Fund’s Board of Directors is divided into three classes: Class I, Class II and Class III. The terms of office of the Class I, II and III Directors expire at the Annual Meeting of Stockholders in the year 2007, year 2005 and year 2006, respectively, or thereafter in each case when their respective successors are duly elected and qualified. The Fund’s executive officers are chosen each year until their successors are duly elected and qualified.

(2)Number of portfolios advised by SBAM or affiliates of SBAM.

(3)Mr. Gerken is an “interested person” of the Fund as defined in the Investment Company Act of 1940, as amended, because Mr. Gerken is an officer of SBFM and certain of its affiliates.

Page 52

Annual Chief Executive Officer and Chief Financial Officer Certification (unaudited)

The Fund’s CEO has submitted to the NYSE the required annual certification and, the Fund also has included the Certifications of the Fund’s CEO and CFO required by Section 302 of the Sarbanes-Oxley Act in the Fund’s Form N-CSR filed with the SEC, for the period of this report.

Page 53

Form of Terms and Conditions of Amended and Restated Dividend Reinvestment and Cash Purchase Plan (unaudited)

1. Each shareholder initially purchasing shares of common stock (“Shares”) of Salomon Brothers Global Partners Income Fund Inc. (“Fund”), formerly known as Global Partners Income Fund Inc., on or after September 6, 1996 will be deemed to have elected to be a participant in the Amended and Restated Dividend Reinvestment and Cash Purchase Plan (“Plan”), unless the shareholder specifically elects in writing (addressed to the Agent at the address below or to any nominee who holds Shares for the shareholder in its name) to receive all distributions in cash, paid by check, mailed directly to the record holder by or under the direction of American Stock Transfer & Trust Company as the Fund’s dividend-paying agent (“Agent”). A shareholder whose Shares are held in the name of a broker or nominee who does not provide an automatic reinvestment service may be required to take such Shares out of “street name” and register such Shares in the shareholder’s name in order to participate, otherwise distributions will be paid in cash to such shareholder by the broker or nominee. Each participant in the Plan is referred to herein as a “Participant.” The Agent will act as Agent for each Participant, and will open accounts for each Participant under the Plan in the same name as their Shares are registered.

2. Unless the Fund declares a distributions payable only in the form of cash, the Agent will apply all distributions in the manner set forth below.

3. If, on the determination date, the market price per Share equals or exceeds the net asset value per Share on that date (such condition, a “market premium”), the Agent will receive the distribution in newly issued Shares of the Fund on behalf of Participants. If, on the determination date, the net asset value per Share exceeds the market price per Share (such condition, a “market discount”), the Agent will purchase Shares in the open-market. The determination date will be the fourth New York Stock Exchange trading day (a New York Stock Exchange trading day being referred to herein as a “Trading Day”) preceding the payment date for the distribution. For purposes herein, “market price” will mean the average of the highest and lowest prices at which the Shares sell on the New York Stock Exchange on the particular date, or if there is no sale on that date, the average of the closing bid and asked quotations.

4. Purchases made by the Agent will be made as soon as practicable commencing on the Trading Day following the determination date and terminating no later than 30 days after the distribution payment date except where temporary curtailment or suspension of purchase is necessary to comply with applicable provisions of federal securities law; provided, however, that such purchases will, in any event, terminate on the Trading Day prior to the “ex-dividend” date next succeeding the distribution payment date.

5. If (i) the Agent has not invested the full distribution amount in open-market purchases by the date specified in paragraph 4 above as the date on which such purchases must terminate or (ii) a market discount shifts to a market premium during the purchase period, then the Agent will cease making open-market purchases and will receive the uninvested portion of the distribution amount in newly issued Shares (x) in the case of (i) above, at the close of business on the date the Agent is required to terminate making

Page 54

Form of Terms and Conditions of Amended and Restated Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)

open-market purchases as specified in paragraph 4 above or (y) in the case of (ii) above, at the close of business on the date such shift occurs; but in no event prior to the payment date for the distribution.

6. In the event that all or part of a distribution amount is to be paid in newly issued Shares, such Shares will be issued to Participants in accordance with the following formula: (i) if, on the valuation date, the net asset value per Share is less than or equal to the market price per Share, then the newly issued Shares will be valued at net asset value per Share on the valuation date; provided, however, that if the net asset value is less than 95% of the market price on the valuation date, then such Shares will be issued at 95% of the market price and (ii) if, on the valuation date, the net asset value per Share is greater than the market price per Share, then the newly issued Shares will be issued at the market price on the valuation date. The valuation date will be the distribution payment date, except that with respect to Shares issued pursuant to paragraph 5 above, the valuation date will be the date such Shares are issued. If a date that would otherwise be a valuation date is not a Trading Day, the valuation date will be the next preceding Trading Day.

7. Participants have the option of making additional cash payments to the Agent, monthly, in a minimum amount of $250, for investment in Shares. The Agent will use all such funds received from Participants to purchase Shares in the open market on or about the first business day of each month. To avoid unnecessary cash accumulations, and also to allow ample time for receipt and processing by the Agent, Participants should send in voluntary cash payments to be received by the Agent approximately 10 days before an applicable purchase date specified above. A Participant may withdraw a voluntary cash payment by written notice, if the notice is received by the Agent not less than 48 hours before such payment is to be invested.

8. Purchases by the Agent pursuant to paragraphs 4 and 7 above may be made on any securities exchange on which the Shares of the Fund are traded, in the over-the-counter market or in negotiated transactions, and may be on such terms as to price, delivery and otherwise as the Agent shall determine. Funds held by the Agent uninvested will not bear interest, and it is understood that, in any event, the Agent shall have no liability in connection with any inability to purchase Shares within the time periods herein provided, or with the timing of any purchases effected. The Agent shall have no responsibility as to the value of the Shares acquired for the Participant’s account. The Agent may commingle amounts of all Participants to be used for open-market purchases of Shares and the price per Share allocable to each Participant in connection with such purchases shall be the average price (including brokerage commissions) of all Shares purchased by the Agent.

9. The Agent will maintain all Participants’ accounts in the Plan and will furnish written confirmations of all transactions in each account, including information needed by Participants for personal and tax records. The Agent will hold Shares acquired pursuant to the Plan in noncertificated form in the Participant’s name or that of its nominee, and each Participant’s proxy will include those Shares purchased pursuant to the Plan. The

Page 55

Form of Terms and Conditions of Amended and Restated Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)

Agent will forward to Participants any proxy solicitation material and will vote any Shares so held for Participants only in accordance with the proxy returned by Participants to the Fund. Upon written request, the Agent will deliver to Participants, without charge, a certificate or certificates for the full Shares.

10. The Agent will confirm to Participants each acquisition made for their respective accounts as soon as practicable but not later than 60 days after the date thereof. Although Participants may from time to time have an undivided fractional interest (computed to three decimal places) in a Share of the Fund, no certificates for fractional shares will be issued. Distributions on fractional shares will be credited to each Participant’s account. In the event of termination of a Participant’s account under the Plan, the Agent will adjust for any such undivided fractional interest in cash at the market value of the Fund’s Shares at the time of termination less the pro rata expense of any sale required to make such an adjustment.

11. Any share dividends or split shares distributed by the Fund on Shares held by the Agent for Participants will be credited to their respective accounts. In the event that the Fund makes available to Participants rights to purchase additional Shares or other securities, the Shares held for Participants under the Plan will be added to other Shares held by the Participants in calculating the number of rights to be issued to Participants.

12. The Agent’s service fee for handling distributions will be paid by the Fund. Participants will be charged a pro rata share of brokerage commissions on all open-market purchases.

13. Participants may terminate their accounts under the Plan by notifying the Agent in writing. Such termination will be effective immediately if notice is received by the Agent not less than 10 days prior to any distribution record date; otherwise such termination will be effective on the first Trading Day after the payment date for such distribution with respect to any subsequent distribution. The Plan may be amended or terminated by the Fund as applied to any voluntary cash payments made and any distribution paid subsequent to written notice of the change or termination sent to Participants at least 30 days prior to the record date for the distribution. The Plan may be amended or terminated by the Agent, with the Fund’s prior written consent, on at least 30 days’ written notice to Participants. Notwithstanding the preceding two sentences, the Agent or the Fund may amend or supplement the Plan at any time or times when necessary or appropriate to comply with applicable law or rules or policies of the Securities and Exchange Commission or any other regulatory authority. Upon any termination, the Agent will cause a certificate or certificates for the full Shares held by each Participant under the Plan and cash adjustment for any fraction to be delivered to each Participant without charge.

14. Any amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Agent receives written notice of the termination of the Participant’s account under the Plan. Any such amendment may include an appointment by the Agent in its place and stead of a successor Agent under these terms and conditions, with full power and authority to perform all or any of the acts to be

Page 56

Form of Terms and Conditions of Amended and Restated Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)

performed by the Agent under these terms and conditions. Upon any such appointment of an Agent for the purpose of receiving distributions, the Fund will be authorized to pay to such successor Agent, for each Participant’s account, all distributions payable on Shares of the Fund held in each Participant’s name or under the Plan for retention or application by such successor Agent as provided in these terms and conditions.

15. In the case of Participants, such as banks, broker-dealers or other nominees, which hold Shares for others who are beneficial owners (“Nominee Holders”), the Agent will administer the Plan on the basis of the number of Shares certified from time to time by each Nominee Holder as representing the total amount registered in the Nominee Holder’s name and held for the account of beneficial owners who are to participate in the Plan.

16. The Agent shall at all times act in good faith and use its best efforts within reasonable limits to insure the accuracy of all services performed under this Agreement and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors unless such error is caused by its negligence, bad faith, or willful misconduct or that of its employees.

17. All correspondence concerning the Plan should be directed to the Agent at 59 Maiden Lane, New York, New York 10038.

Page 57

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Directors CAROL L. COLMAN DANIEL P. CRONIN LESLIE H. GELB R. JAY GERKEN,CFA WILLIAM H. HUTCHINSON RIORDAN ROETT JESWALD W. SALACUSE Officers R. JAY GERKEN,CFA Chairman and
Chief Executive Officer PETER J. WILBY,CFA President ANDREW B. SHOUP Senior Vice President and
Chief Administrative Officer FRANCES M. GUGGINO Chief Financial Officer
and Treasurer JAMES E. CRAIGE,CFA Executive Vice President THOMAS K. FLANAGAN,CFA Executive Vice President BETH A. SEMMEL, CFA Executive Vice President ANDREW BEAGLEY Chief Compliance Officer WENDY S. SETNICKA Controller ROBERT I. FRENKEL Secretary and Chief Legal Officer Salomon Brothers Global Partners Income Fund Inc. 125 Broad Street
10th Floor, MF-2
New York, New York 10004 Telephone 1-888-777-0102 Investment Adviser and Administrator Salomon Brothers Asset Management Inc
399 Park Avenue
New York, New York 10022 Custodian State Street Bank and Trust Company
225 Franklin Street
Boston, Massachusetts 02110 Dividend Disbursing and Transfer Agent American Stock Transfer & Trust Company
59 Maiden Lane
New York, New York 10038 Independent Registered Public
Accounting Firm KPMG LLP
345 Park Avenue
New York, New York 10154 Legal Counsel Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017 New York Stock Exchange Symbol GDF

This report is transmitted to the shareholders of Salomon Brothers Global Partners Income Fund Inc. for their information. This is not a prospectus, circular or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this report.		Salomon Brothers Global Partners Income Fund Inc. Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that from time to time the Fund may purchase, at market prices, shares of its common stock in the open market. The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the Commission’s website at http://www.sec.gov. The Fund’s Forms N-Q may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C., and how information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. To obtain information on Form N-Q from the Fund, shareholders can call 1-800-446-1013. Information on how the Fund voted proxies relating to portfolio securities during the most recent 12 month period ended June 30, and a description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities is available (1) without charge, upon request, by calling 1-800-446-1013, (2) on the Fund’s website at www.citigroupam.com and (3) on the SEC’s website at www.sec.gov.
American Stock Transfer
& Trust Company
59 Maiden Lane
New York, New York 10038
GDFANN 8/05	05-9173

ITEM 2.CODE OF ETHICS.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller.

ITEM 3.AUDIT COMMITTEE FINANCIAL EXPERT.

The Board of Directors of the registrant has determined that William R. Hutchinson, the Chairman of the Board’s Audit Committee, possesses the technical attributes identified in Instruction 2(b) of Item 3 to Form N-CSR to qualify as an “audit committee financial expert,” and has designated Mr. Hutchinson as the Audit Committee’s financial expert.  Mr. Hutchinson is an “independent” Director pursuant to paragraph (a)(2) of Item 3 to Form N-CSR.

Item 4.  Principal Accountant Fees and Services

a) Audit Fees. Effective June 17, 2005 PricewaterhouseCoopers LLP (“PwC”) resigned as the Registrant’s principal accountant (the “Auditor”). The Registrant’s audit committee approved the engagement of KPMG LLP (“KPMG”) as the Registrant’s new principal accountant for the fiscal year ended August 31, 2005. The aggregate fees billed in the last two fiscal years ending August 31, 2004 and August 31, 2005 (the “Reporting Periods”) for professional services rendered by PwC for the audit of the Registrant’s annual financial statements, or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $53,000 in 2004 and $53,000 in 2005. KPMG has not billed the Registrant for professional services rendered as of August 31, 2005.

b) Audit-Related Fees. The aggregate fees billed in the Reporting Periods for assurance and related services by PwC or KPMG that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item 4 were $8,500 in 2004 and $0 in 2005. These services consisted of the agreed upon procedures performed in connection with the revolving credit facility of Salomon Brothers Global Partners Income Fund Inc.

In addition, there were no Audit-Related Fees billed in the Reporting Period for assurance and related services by the Auditor to the Registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Salomon Brothers Global Partners Income Fund Inc. (“service affiliates”), that were reasonably related to the performance of the annual audit of the service affiliates. Accordingly, there were no such fees that required pre-approval by the Audit Committee for the Reporting Periods (prior to May 6, 2003 services provided by the Auditor were not required to be pre-approved).

(c) Tax Fees. The aggregate fees billed in the Reporting Periods for professional services rendered by PwC for tax compliance, tax advice and tax planning (“Tax Services”) were $5,700 in 2004 and $525 in 2005. These services consisted of (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative developments, and (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments held or proposed to be acquired or held. As of August 31, 2005, KPMG has not billed the Registrant for any Tax Services rendered.

There were no fees billed for tax services by PwC or KPMG to service affiliates during the Reporting Periods that required pre-approval by the Audit Committee.

d) All Other Fees. The aggregate fees billed for all other non-audit services rendered by PwC to Salomon Brothers Asset Management (“SBAM”), and any entity controlling, controlled by or under common control with SBAM that provided ongoing services to Salomon Brothers Global Partners Income Fund Inc., requiring pre-approval by the Audit Committee for the period May 6, 2003 through August 31, 2004 and for the year ended August 31, 2005,

which include the issuance of reports on internal control under SAS No. 70 related to various Citigroup Asset Management (“CAM”) entities a profitability review of the Adviser and phase 1 pf an analysis of Citigroup’s current and future real estate occupancy requirements in the tri-state area and security risk issues in the New York metro region were $0.0 and $1.3 million, respectively, all of which were pre-approved by the Audit Committee.

There were no non-audit services rendered by KPMG to SBAM, or any entity controlling, controlled by or under common control with SBAM that provided ongoing services to the Registrant.

All Other Fees. There were no other non-audit services rendered by PwC or KPMG to Smith Barney Fund Management LLC (“SBFM”), and any entity controlling, controlled by or under common control with SBFM that provided ongoing services to Salomon Brothers Global Partners Income Fund Inc. requiring pre-approval by the Audit Committee in the Reporting Period.

(e) Audit Committee’s pre–approval policies and procedures described in paragraph  (c) (7) of Rule 2-01 of Regulation S-X.

(1) The Charter for the Audit Committee (the “Committee”) of the Board of each registered investment company (the “Fund”) advised by Smith Barney Fund Management LLC or Salomon Brothers Asset Management Inc. or one of their affiliates (each, an “Adviser”) requires that the Committee shall approve (a) all audit and permissible non-audit services to be provided to the Fund and (b) all permissible non-audit services to be provided by the Fund’s independent auditors to the Adviser and any Covered Service Providers if the engagement relates directly to the operations and financial reporting of the Fund.  The Committee may implement policies and procedures by which such services are approved other than by the full Committee.

The Committee shall not approve non-audit services that the Committee believes may impair the independence of the auditors.  As of the date of the approval of this Audit Committee Charter, permissible non-audit services include any professional services (including tax services), that are not prohibited services as described below, provided to the Fund by the independent auditors, other than those provided to the Fund in connection with an audit or a review of the financial statements of the Fund.  Permissible non-audit services may not include: (i) bookkeeping or other services related to the accounting records or financial statements of the Fund; (ii) financial information systems design and implementation; (iii) appraisal or valuation services, fairness opinions or contribution-in-kind reports; (iv) actuarial services; (v) internal audit outsourcing services; (vi) management functions or human resources; (vii) broker or dealer, investment adviser or investment banking services; (viii) legal services and expert services unrelated to the audit; and (ix) any other service the Public Company Accounting Oversight Board determines, by regulation, is impermissible.

Pre-approval by the Committee of any permissible non-audit services is not required so long as: (i) the aggregate amount of all such permissible non-audit services provided to the Fund, the Adviser and any service providers controlling, controlled by or under common control with the Adviser that provide ongoing services to the Fund (“Covered Service Providers”) constitutes not more than 5% of the total amount of revenues paid to the independent auditors during the fiscal year in which the permissible non-audit services are provided to (a) the Fund, (b) the Adviser and (c) any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Fund during the fiscal year in which the services are provided that would have to be approved by the Committee; (ii) the permissible non-audit services were not recognized by the Fund at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Committee and approved by the Committee (or its delegate(s)) prior to the completion of the audit.

(2) For the Salomon Brothers Global Partners Income Fund Inc., the percentage of fees that were approved by the audit committee, with respect to: Audit-Related Fees were 100% and 100% for 2004 and 2005; Tax Fees were 100% and 100% for 2004 and 2005; and Other Fees were 100% and 100% for 2004 and 2005.

(f) N/A

(g) Non-audit fees billed by PwC for services rendered to Salomon Brothers Global Partners Income Fund Inc. and CAM and any entity controlling, controlled by, or under common control with CAM that provides ongoing

services to Salomon Brothers Global Partners Income Fund Inc. during the reporting period were $6.4 million and $2.7 million for the years ended August 31, 2004 and August 31, 2005, respectively.

Non-audit fees billed by KPMG for services rendered to Salomon Brothers Global Partners Income Fund Inc. and CAM and any entity controlling, controlled by, or under common control with CAM that provides ongoing services to Salomon Brothers Global Partners Income Fund Inc. during the reporting period was $75,000 and $0 for the years ended August 31, 2004 and August 31, 2005, respectively. Such fees relate to services provided in connection with the transfer agent matter as fully described in the notes to the financial statements.

(h) Yes.  The Salomon Brothers Global Partners Income Fund Inc.’s Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates which were not pre-approved (not requiring pre-approval) is compatible with maintaining the Accountant’s independence.  All services provided by the Auditor to the Salomon Brothers Global Partners Income Fund Inc. or to Service Affiliates, which were required to be pre-approved, were pre-approved as required.

ITEM 5.AUDIT COMMITTEE OF LISTED REGISTRANTS.

a) Registrant has a separately-designated standing Audit Committee established in accordance with Section 3(a)58(A) of the Exchange Act. The Audit Committee consists of the following Board members:

Carol L. Colman

Daniel P. Cronin

Leslie H. Gelb

William R. Hutchinson

Riordan Roett

Jeswald W. Salacuse

b) Not applicable

ITEM 6.SCHEDULE OF INVESTMENTS.

Not applicable.

ITEM 7.DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

The Board of Directors of the Fund has delegated the authority to develop policies and procedures relating to proxy voting to the Manager. The Manager is part of Citigroup Asset Management (“CAM”), a group of investment adviser affiliates of Citigroup, Inc. (“Citigroup”).  Along with the other investment advisers that comprise CAM, the Manager has adopted a set of proxy voting policies and procedures (the “Policies”) to ensure that the Manager votes proxies relating to equity securities in the best interest of clients.

In voting proxies, the Manager is guided by general fiduciary principles and seeks to act prudently and solely in the best interest of clients.  The Manager attempts to consider all factors that could affect the value of the investment and will vote proxies in the manner that it believes will be consistent with efforts to maximize shareholder values. The Manager may utilize an external

service provider to provide it with information and/or a recommendation with regard to proxy votes.  However, such recommendations do not relieve the Manager of its responsibility for the proxy vote.

In the case of a proxy issue for which there is a stated position in the Policies, CAM generally votes in accordance with such stated position.  In the case of a proxy issue for which there is a list of factors set forth in the Policies that CAM considers in voting on such issue, CAM votes on a case-by-case basis in accordance with the general principles set forth above and considering such enumerated factors.  In the case of a proxy issue for which there is no stated position or list of factors that CAM considers in voting on such issue, CAM votes on a case-by-case basis in accordance with the general principles set forth above.  Issues for which there is a stated position set forth in the Policies or for which there is a list of factors set forth in the Policies that CAM considers in voting on such issues fall into a variety of categories, including election of directors, ratification of auditors, proxy and tender offer defenses, capital structure issues, executive and director compensation, mergers and corporate restructurings, and social and environmental issues.  The stated position on an issue set forth in the Policies can always be superseded, subject to the duty to act solely in the best interest of the beneficial owners of accounts, by the investment management professionals responsible for the account whose shares are being voted.  Issues applicable to a particular industry may cause CAM to abandon a policy that would have otherwise applied to issuers generally.  As a result of the independent investment advisory services provided by distinct CAM business units, there may be occasions when different business units or different portfolio managers within the same business unit vote differently on the same issue.

In furtherance of the Manager’s goal to vote proxies in the best interest of clients, the Manager follows procedures designed to identify and address material conflicts that may arise between the Manager’s interests and those of its clients before voting proxies on behalf of such clients.  To seek to identify conflicts of interest, CAM periodically notifies CAM employees (including employees of the Manager) in writing that they are under an obligation (i) to be aware of the potential for conflicts of interest with respect to voting proxies on behalf of client accounts both as a result of their personal relationships and due to special circumstances that may arise during the conduct of CAM’s and the Manager’s business, and (ii) to bring conflicts of interest of which they become aware to the attention of compliance personnel.  The Manager also maintains and considers a list of significant relationships that could present a conflict of interest for the Manager in voting proxies.  The Manager is also sensitive to the fact that a significant, publicized relationship between an issuer and a non-CAM affiliate might appear to the public to influence the manner in which the Manager decides to vote a proxy with respect to such issuer.  Absent special circumstances or a significant, publicized non-CAM affiliate relationship that CAM or the Manager for prudential reasons treats as a potential conflict of interest because such relationship might appear to the public to influence the manner in which the Manager decides to vote a proxy, the Manager

generally takes the position that non-CAM relationships between Citigroup and an issuer (e.g. investment banking or banking) do not present a conflict of interest for the Manager in voting proxies with respect to such issuer.  Such position is based on the fact that the Manager is operated as an independent business unit from other Citigroup business units as well as on the existence of information barriers between the Manager and certain other Citigroup business units.

CAM maintains a Proxy Voting Committee, of which the Manager personnel are members, to review and address conflicts of interest brought to its attention by compliance personnel.  A proxy issue that will be voted in accordance with a stated position on an issue or in accordance with the recommendation of an independent third party is not brought to the attention of the Proxy Voting Committee for a conflict of interest review because the Manager’s position is that to the extent a conflict of interest issue exists, it is resolved by voting in accordance with a pre-determined policy or in accordance with the recommendation of an independent third party.  With respect to a conflict of interest brought to its attention, the Proxy Voting Committee first determines whether such conflict of interest is material.  A conflict of interest is considered material to the extent that it is determined that such conflict is likely to influence, or appear to influence, the Manager’s decision-making in voting proxies.  If it is determined by the Proxy Voting Committee that a conflict of interest is not material, the Manager may vote proxies notwithstanding the existence of the conflict.

If it is determined by the Proxy Voting Committee that a conflict of interest is material, the Proxy Voting Committee is responsible for determining an appropriate method to resolve such conflict of interest before the proxy affected by the conflict of interest is voted.  Such determination is based on the particular facts and circumstances, including the importance of the proxy issue and the nature of the conflict of interest.  Methods of resolving a material conflict of interest may include, but are not limited to, disclosing the conflict to clients and obtaining their consent before voting, or suggesting to clients that they engage another party to vote the proxy on their behalf.

ITEM 8.[RESERVED]

ITEM 9.PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

None.

ITEM 10.SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

ITEM 11.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 (the

“1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

(b)There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 12.EXHIBITS.

(a)Code of Ethics attached hereto.

Exhibit 99.CODE ETH

(b)Attached hereto.

Exhibit 99.CERTCertifications pursuant to section 302 of the Sarbanes-Oxley Act of 2002

Exhibit 99.906CERTCertifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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, there unto duly authorized.

Salomon Brothers Global Partners Income Fund Inc.
By:	/s/ R. Jay Gerken
	R. Jay Gerken
	Chief Executive Officer of
	Salomon Brothers Global Partners Income Fund Inc.
Date: November 10, 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/ R. Jay Gerken
	(R. Jay Gerken)
	Chief Executive Officer of
	Salomon Brothers Global Partners Income Fund Inc.
Date: November 10, 2005
By:	/s/ Frances M. Guggino
	Frances M. Guggino
	Chief Financial Officer of
	Salomon Brothers Global Partners Income Fund Inc.
Date: November 10, 2005

EX-99.CODEETH

EXHIBIT 99.CODE ETH

SARBANES-OXLEY ACT CODE OF ETHICS
FOR PRINCIPAL EXECUTIVE AND
SENIOR FINANCIAL OFFICERS OF CAM/U.S. REGISTERED INVESTMENT
COMPANIES

I.Covered Officers/Purpose of the Code

This code of ethics (the “Code”) for Citigroup Asset Management’s (“CAM’s”) U. S. registered proprietary investment companies (collectively, “Funds” and each a, “Company”) applies to each Company’s Chief Executive Officer, Chief Administrative Officer, Chief Financial Officer and Controller (the “Covered Officers”) for the purpose of promoting:

•honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

•full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to, the Securities and Exchange Commission (“SEC”) and in other public communications made by the Company;

•compliance with applicable laws and governmental rules and regulations;

•the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

•accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

II.Administration of Code

The Regional Director of CAM Compliance, North America (“Compliance Officer”) is responsible for administration of this Code, including granting pre-approvals (see Section III below) and waivers (as described in Section VI below), applying this Code in specific situations in which questions are presented under it and interpreting this Code in any particular situation.

III.Covered Officers Should Ethically Handle Actual and Apparent Conflicts of Interest

Overview.  A “conflict of interest” occurs when a Covered Officer’s private interest interferes with the interests of, or his service to, the Company.  For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position with the Company.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Company and already are subject to conflict of interest provisions in the Investment Company Act of 1940 (“Investment Company Act”) and the Investment Advisers Act of 1940 (“Investment Advisers Act”).  For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Company because of their status as “affiliated persons” of the Company.  The compliance programs and procedures of the Company and its investment adviser are designed to prevent, or identify and correct, violations of these provisions.  This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code (see Section VII below).

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between a Company and the investment adviser of which the Covered Officers are also officers or employees.  As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for a Company or for the adviser, or for both), be involved in establishing policies and implementing decisions that will have different effects on the adviser and a Company.  The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Company and the adviser and is consistent with the performance by the Covered Officers of their duties as officers of a Company.  Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically.  In addition, it is recognized by the Funds’ Boards of Directors\Trustees (“Boards”) that the Covered Officers may also be officers or employees of one or more other investment companies covered by this or other codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act.  The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive.  The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Company.

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Each Covered Officer must:

•not use his personal influence or personal relationships improperly to influence investment decisions or financial reporting ( e.g. through fraudulent accounting

practices) by the Company whereby the Covered Officer(1) would benefit personally to the detriment of the Company; or

•not cause the Company to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than for the benefit of the Company; and

•not use material non-public knowledge of portfolio transactions made or contemplated for the Company to trade personally or cause others to trade personally in contemplation of the market affect of such transactions.

•There are some potential conflict of interest situations that should always bediscussed with the Compliance Officer, if material.  Examples are as follows:

(1) service as a director on the board of any public or private company;

(2) anyownership interest in, or any consulting or employment relationship with, any of the Company’s service providers, other than its investment adviser,

(3) a direct or indirect financial interest in commissions, transaction charges or spreads paid by the Company for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer’s employment, such as compensation or equity ownership; and

(4) the receipt of any gifts or the conveyance of any value (including entertainment ) from any company with which the Company has current or prospective business dealings, except:

(a) any non-cash gifts of nominal value (nominal value is less than $100); and

(b) customary and reasonable meals and entertainment at which the giver is present, such as the occasional business meal or sporting event.

IV.Disclosure and Compliance

Each Covered Officer:

•should be familiar with his or her responsibilities in connection with the disclosure requirements generally applicable to the Company;

(1)  Any activity or relationship that would present a conflict for a Covered Officer  would also present a conflict for the Covered Officer if a member of a Covered Officer’s family (spouse, minor children and any account over which  a Covered Officer is deemed to have beneficial interest) engages in such an activity or has such a relationship.

•should not knowingly misrepresent, or knowingly cause others to misrepresent, facts about the Company to others, whether within or outside the Company, including to the Company’s directors and auditors, and to governmental regulators and self-regulatory organizations;

•should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the Funds and the investment adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Funds file with, or submit to, the SEC and in other public communications made by the Funds; and

•is responsible to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

V.Reporting and Accountability

Each Covered Officer must:

•upon adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing to the Board that the Covered Officer has received, read, and understands the Code;

•annually thereafter affirm to the Board that he or she has complied with the requirements of the Code;

•annually disclose affiliations and other relationships related to conflicts of interest;

•not retaliate against any other Covered Officer or any employee of the Funds or their affiliated persons for reports of potential violations that are made in good faith; and

•notify the Compliance Officer promptly if he knows of any violation of this Code (failure to do so is itself a violation of this Code).

 In rendering decisions and interpretations and in conducting investigations of potential violations under the Code, the Compliance Officer may, at his discretion, consult with such persons as he determines to be appropriate, including, but not limited to, a senior legal officer of the Company or its investment adviser or its affiliates, independent auditors or other consultants, subject to any requirement to seek pre-approval from the Company’s audit committee for the retention of independent auditors to perform permissible non-audit services.  The Funds will follow these procedures in investigating and enforcing the Code:

•the Compliance Officer will take all appropriate action to investigate any potential violation of which he becomes aware;

•if, after investigation the Compliance Officer believes that no violation has occurred, the Compliance Officer is not required to take any further action;

•any matter that the Compliance Officer believes is a violation will be reported to the Directors of the Fund who are not “interested persons” as defined in the Investment Company Act the (“Non-interested Directors”)

•      if the Non-interested Directors of the Board concur that a violation has occurred, it will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the investment adviser or its board; or a recommendation to dismiss the Covered Officer; and

•any changes to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules

The Compliance Officer shall submit an annual report to the Board describing any waivers granted.

VI.Waivers(2)

A Covered Officer may request a waiver of any of the provisions of the Code by submitting a written request for such waiver to the Compliance Officer, setting forth the basis of such request and explaining how the waiver would be consistent with the standards of conduct described herein.  The Compliance Officer shall review such request and make a determination thereon in writing, which shall be binding.

In determining whether to waive any provisions of this Code, the Compliance Officer shall consider whether the proposed waiver is consistent with honest and ethical conduct and other purposes of this Code.

VII.Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder.  Insofar as other policies or procedures of the Funds, the Funds’ investment advisers, principal underwriters, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code.  The codes of ethics of the funds and the investment advisers and principal underwriters under Rule 17j-1 of the Investment Company Act and the Citigroup Code of Conduct and Citigroup Statement of Business Practices as well as other policies of the Fund’s investment advisers or their affiliates are separate requirements applying to the Covered Officers and others, and are not part of this Code.

(2)  For purposes of this Code, Item 2 of Form N-CSR defines “waiver” as “the approval by a Company of a material departure from a provision of the Code” and includes an “implicit waiver,” which means a Company’s failure to take action within a reasonable period of time regarding a material departure from a provision of the Code that has been made known to an executive officer of the Company.

VIII.  Amendments

Any amendments to this Code, other than amendments to Exhibits A, B and C must be approved or ratified by a majority vote of the Board, including a majority of Non-interested Directors.

IX.  Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly.  Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the appropriate Board and Company and their respective counsel, counsel to the non-Interested Directors or independent auditors or other consultants referred to in Section V above.

X.  Internal Use

The Code is intended solely for the internal use by the Funds and does not constitute an admission, by or on behalf of any Company, as to any fact, circumstance, or legal conclusion.

EX-99.CERT

EXHIBIT 99.CERT

CERTIFICATIONS PURSUANT TO SECTION 302

CERTIFICATIONS

I, R. Jay Gerken, certify that:

1.I have reviewed this report on Form N-CSR of Salomon Brothers Global Partners Income Fund Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 10, 2005	/s/ R. Jay Gerken
		R. Jay Gerken
		Chief Executive Officer

I, Frances M. Guggino, certify that:

1.I have reviewed this report on Form N-CSR of Salomon Brothers Global Partners Income Fund Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.                     ; Based on my knowledge, the financial information included in this report, and the financial statements on which the financial information is based, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certif ying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)            ;   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	November 10, 2005	/s/ Frances M. Guggino
		Frances M. Guggino
		Chief Financial Officer

EX-99.906CERT

EXHIBIT 99.906CERT

CERTIFICATIONS PURSUANT TO SECTION 906

CERTIFICATION

R. Jay Gerken, Chief Executive Officer, and Frances M. Guggino, Chief Financial Officer of Salomon Brothers Global Partners Income Fund Inc. (the “Registrant”), each certify to the best of his knowledge that:

1.The Registrant’s periodic report on Form N-CSR for the period ended August 31, 2005 (the “Form N-CSR”) fully complies with the requirements of section 15(d) of the Securities Exchange Act of 1934, as amended; and

2.The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Chief Executive Officer	Chief Financial Officer
Salomon Brothers Global Partners Income Fund Inc.	Salomon Brothers Global Partners Income Fund Inc.

/s/ R. Jay Gerken	/s/ Frances M. Guggino
R. Jay Gerken	Frances M. Guggino
Date: November 10, 2005	Date: November 10, 2005

This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Commission.