0001104659-07-056738.txt : 20070727 0001104659-07-056738.hdr.sgml : 20070727 20070727111402 ACCESSION NUMBER: 0001104659-07-056738 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070531 FILED AS OF DATE: 20070727 DATE AS OF CHANGE: 20070727 EFFECTIVENESS DATE: 20070727 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC. CENTRAL INDEX KEY: 0000911638 IRS NUMBER: 313731196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07994 FILM NUMBER: 071005192 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: SALOMON BROTHERS GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 20030502 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 19930907 N-Q 1 a07-18052_5nq.htm N-Q

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

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number		811-7994

Western Asset 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. Legg Mason & Co., LLC 300 First Stamford Place Stamford, CT 06902
(Name and address of agent for service)

Registrant's telephone number, including area code:		1-800-451-2010

Date of fiscal year end:	August 31,

Date of reporting period:	May 31, 2007

ITEM 1. SCHEDULE OF INVESTMENTS

WESTERN ASSET GLOBAL PARTNERS
INCOME FUND INC.

FORM N-Q

May 31, 2007

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited)

May 31, 2007

Face Amount		Security†	Value
CORPORATE BONDS & NOTES — 57.4%
Aerospace & Defense — 1.0%
$	275,000	Alliant Techsystems Inc., Senior Subordinated Notes, 6.750% due 4/1/16	$	279,812
		DRS Technologies Inc., Senior Subordinated Notes:
675,000		6.875% due 11/1/13	683,437
65,000		6.625% due 2/1/16	65,813
		Hawker Beechcraft Acquisition Co.:
410,000		Senior Notes, 8.875% due 4/1/15 (a)(b)	433,575
380,000		Senior Subordinated Notes, 9.750% due 4/1/17 (a)	407,550
750,000		L-3 Communications Corp., Senior Subordinated Notes, 7.625% due 6/15/12	780,000
		Total Aerospace & Defense	2,650,187
Airlines — 0.8%
		Continental Airlines Inc.:
80,000		Notes, 8.750% due 12/1/11	78,800
		Pass-Through Certificates:
24,815		Series 1998-1, Class C, 6.541% due 9/15/08	24,800
212,629		Series 2000-2, Class C, 8.312% due 4/2/11	219,141
180,000		Series C, 7.339% due 4/19/14	182,250
		Delta Air Lines Inc., Pass-Through Certificates, Series 01-1:
376,067		6.619% due 3/18/11	381,473
891,000		7.111% due 9/18/11	923,299
310,000		7.711% due 9/18/11	316,781
		Total Airlines	2,126,544
Auto Components — 0.5%
480,000		Keystone Automotive Operations Inc., Senior Subordinated Notes, 9.750% due 11/1/13	429,600
970,000		Visteon Corp., Senior Notes, 8.250% due 8/1/10	989,400
		Total Auto Components	1,419,000
Automobiles — 1.8%
		Ford Motor Co.:
		Debentures:
315,000		8.875% due 1/15/22	282,713
595,000		8.900% due 1/15/32	531,037
2,100,000		Notes, 7.450% due 7/16/31	1,737,750
		General Motors Corp.:
375,000		Notes, 7.200% due 1/15/11	360,937
		Senior Debentures:
200,000		8.250% due 7/15/23	187,750
1,790,000		8.375% due 7/15/33	1,673,650
		Total Automobiles	4,773,837
Beverages — 0.2%
515,000		Constellation Brands Inc., Senior Notes, 7.250% due 9/1/16	521,438
Building Products — 0.9%
		Ainsworth Lumber Co., Ltd.:
175,000		7.250% due 10/1/12	137,156
85,000		Senior Notes, 6.750% due 3/15/14	64,919
		Associated Materials Inc.:
740,000		Senior Discount Notes, step bond to yield 13.661% due 3/1/14	573,500
375,000		Senior Subordinated Notes, 9.750% due 4/15/12	394,687
400,000		Nortek Inc., Senior Subordinated Notes, 8.500% due 9/1/14	399,000

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Building Products — 0.9% (continued)
$	1,195,000	NTK Holdings Inc., Senior Discount Notes, step bond to yield 11.545% due 3/1/14	$	902,225
		Total Building Products	2,471,487
Capital Markets — 0.3%
		E*TRADE Financial Corp., Senior Notes:
540,000		7.375% due 9/15/13	564,975
130,000		7.875% due 12/1/15	140,725
		Total Capital Markets	705,700
Chemicals — 1.5%
500,000		Equistar Chemicals LP, Senior Notes, 10.625% due 5/1/11	530,000
760,000		Georgia Gulf Corp., Senior Notes, 9.500% due 10/15/14 (a)	779,000
345,000		Huntsman International LLC, Senior Subordinated Notes, 7.875% due 11/15/14 (a)	364,406
		Lyondell Chemical Co.:
		Senior Notes:
205,000		8.000% due 9/15/14	217,812
165,000		8.250% due 9/15/16	179,438
20,000		Senior Secured Notes, 10.500% due 6/1/13	21,950
450,000		Methanex Corp., Senior Notes, 8.750% due 8/15/12	499,500
1,130,000		Montell Finance Co. BV, Debentures, 8.100% due 3/15/27 (a)	1,130,000
185,000		Westlake Chemical Corp., Senior Notes, 6.625% due 1/15/16	183,150
		Total Chemicals	3,905,256
Commercial Banks — 2.2%
1,150,000		ATF Capital BV, Senior Notes, 9.250% due 2/21/14 (a)	1,158,625
300,000		Banco Mercantil del Norte SA, Subordinated Bonds, 6.135% due 10/13/16 (a)(c)	302,674
740,000		HSBK Europe BV, 7.250% due 5/3/17 (a)	732,889
316,000		ICICI Bank Ltd., Subordinated Bonds, 6.375% due 4/30/22 (a)(c)	308,823
		Russian Agricultural Bank, Loan Participation Notes:
1,686,000		6.299% due 5/15/17 (a)	1,695,273
1,011,000		7.175% due 5/16/13 (a)	1,072,924
		TuranAlem Finance BV:
125,000		8.250% due 1/22/37 (a)	124,650
530,000		Bonds, 8.250% due 1/22/37 (a)	526,025
		Total Commercial Banks	5,921,883
Commercial Services & Supplies — 1.1%
675,000		Allied Security Escrow Corp., Senior Subordinated Notes, 11.375% due 7/15/11	688,500
		Allied Waste North America Inc., Senior Notes:
75,000		6.875% due 6/1/17	76,781
175,000		Series B, 7.250% due 3/15/15	181,563
75,000		Ashtead Holdings PLC, Secured Notes, 8.625% due 8/1/15 (a)	79,500
649,000		DynCorp International LLC/DIV Capital Corporation, Senior Subordinated Notes, Series B, 9.500% due 2/15/13	699,297
675,000		Interface Inc., Senior Subordinated Notes, 9.500% due 2/1/14	739,125
460,000		Rental Services Corp., Senior Bonds, 9.500% due 12/1/14 (a)	496,800
2,000,000		Safety-Kleen Services Inc., Senior Subordinated Notes, 9.250% due 6/1/08 (d)(e)	2,000
		Total Commercial Services & Supplies	2,963,566
Communications Equipment — 0.3%
880,000		Lucent Technologies Inc., Debentures, 6.450% due 3/15/29	819,500

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Consumer Finance — 2.1%
		Ford Motor Credit Co.:
		Notes:
$	100,000	7.875% due 6/15/10	$	101,032
295,000		7.000% due 10/1/13	282,666
		Senior Notes:
862,000		10.605% due 6/15/11 (c)	943,857
90,000		9.875% due 8/10/11	96,491
170,000		8.105% due 1/13/12 (c)	170,992
360,000		8.000% due 12/15/16	357,927
		General Motors Acceptance Corp.:
2,085,000		Bonds, 8.000% due 11/1/31	2,297,040
1,300,000		Notes, 6.875% due 8/28/12	1,307,747
		Total Consumer Finance	5,557,752
Containers & Packaging — 1.3%
500,000		Berry Plastics Corp., Senior Term Loan, 11.610% due 6/15/14	486,250
800,000		Graham Packaging Co. Inc., Senior Subordinated Notes, 9.875% due 10/15/14	828,000
625,000		Graphic Packaging International Corp., Senior Subordinated Notes, 9.500% due 8/15/13	667,969
75,000		Owens-Brockway Glass Container Inc., Senior Notes, 8.250% due 5/15/13	79,500
175,000		Owens-Illinois Inc., Debentures, 7.500% due 5/15/10	180,906
260,000		Plastipak Holdings Inc., Senior Notes, 8.500% due 12/15/15 (a)	278,200
325,000		Radnor Holdings Corp., Senior Notes, 11.000% due 3/15/10 (d)	2,844
830,000		Smurfit-Stone Container Corp., Senior Notes, 8.000% due 3/15/17 (a)	840,375
		Total Containers & Packaging	3,364,044
Diversified Consumer Services — 0.5%
		Education Management LLC/Education Management Finance Corp.:
295,000		Senior Notes, 8.750% due 6/1/14	314,913
575,000		Senior Subordinated Notes, 10.250% due 6/1/16	629,625
		Service Corp. International:
90,000		Debentures, 7.875% due 2/1/13	94,327
		Senior Notes:
180,000		7.625% due 10/1/18	191,700
130,000		7.500% due 4/1/27 (a)	129,350
		Total Diversified Consumer Services	1,359,915
Diversified Financial Services — 1.9%
180,000		Ameripath Intermediate Holdings Inc., Senior Notes, 10.650% due 2/15/14 (a)(c)	181,350
535,000		Basell AF SCA, Senior Secured Subordinated Second Priority Notes, 8.375% due 8/15/15 (a)	555,063
335,000		CCM Merger Inc., Notes, 8.000% due 8/1/13 (a)	344,213
130,000		El Paso Performance-Linked Trust Certificates, Notes, 7.750% due 7/15/11 (a)	138,125
440,000		Idearc Inc., Senior Notes, 8.000% due 11/15/16 (a)	458,150
315,000		Milacron Escrow Corp., Senior Secured Notes, 11.500% due 5/15/11	322,875
355,000		PGS Solutions Inc., Senior Subordinated Notes, 9.625% due 2/15/15 (a)	363,917
150,000		Smurfit Kappa Funding PLC, Senior Subordinated Notes, 7.750% due 4/1/15	154,875
760,000		TNK-BP Finance SA, 7.500% due 7/18/16 (a)	799,140
132,000		UCAR Finance Inc., Senior Notes, 10.250% due 2/15/12	139,920
270,000		UGS Corp., Senior Subordinated Notes, 10.000% due 6/1/12	295,482
600,000		Vanguard Health Holdings Co. I LLC, Senior Discount Notes, step bond to yield 10.044% due 10/1/15	511,500

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Diversified Financial Services — 1.9% (continued)
$	755,000	Vanguard Health Holdings Co. II LLC, Senior Subordinated Notes, 9.000% due 10/1/14	$	794,637
		Total Diversified Financial Services	5,059,247
Diversified Telecommunication Services — 4.1%
		Axtel SAB de CV:
70,000		11.000% due 12/15/13	78,400
100,000		7.625% due 2/1/17 (a)	101,250
1,000,000		Senior Notes, 7.625% due 2/1/17 (a)	1,012,500
690,000		Cincinnati Bell Inc., Senior Notes, 7.000% due 2/15/15	693,450
110,000		Cincinnati Bell Telephone Co., Senior Debentures, 6.300% due 12/1/28	103,400
		Citizens Communications Co.:
15,000		7.050% due 10/1/46	13,050
610,000		Senior Notes, 7.875% due 1/15/27	629,825
585,000		Hawaiian Telcom Communications Inc., Senior Subordinated Notes, Series B, 12.500% due 5/1/15	675,675
		Intelsat Bermuda Ltd.:
485,000		9.250% due 6/15/16	539,563
		Senior Notes:
160,000		8.872% due 1/15/15 (c)	164,400
1,005,000		11.250% due 6/15/16	1,153,237
195,000		Intelsat Corp., Senior Notes, 9.000% due 8/15/14	211,575
		Level 3 Financing Inc., Senior Notes:
90,000		9.250% due 11/1/14 (a)	94,388
380,000		9.150% due 2/15/15 (a)(c)	388,550
385,000		8.750% due 2/15/17 (a)	397,031
415,000		Nordic Telephone Co. Holdings, Senior Secured Notes, 8.875% due 5/1/16 (a)	451,831
		NTL Cable PLC, Senior Notes:
10,000		8.750% due 4/15/14	10,625
690,000		9.125% due 8/15/16	753,825
		Qwest Communications International Inc., Senior Notes:
60,000		7.500% due 2/15/14	62,250
285,000		Series B, 7.500% due 2/15/14	295,688
		Qwest Corp.:
285,000		Debentures, 6.875% due 9/15/33	275,025
995,000		Notes, 8.875% due 3/15/12	1,096,987
845,000		Telcordia Technologies Inc., Senior Subordinated Notes, 10.000% due 3/15/13 (a)	790,075
45,000		Umbrella Acquisition Inc., Senior Notes, 9.750% due 3/15/15 (a)(b)	46,800
75,000		Wind Acquisition Finance SA, Senior Bonds, 10.750% due 12/1/15 (a)	88,125
795,000		Windstream Corp., Senior Notes, 8.625% due 8/1/16	872,512
		Total Diversified Telecommunication Services	11,000,037
Electric Utilities — 0.8%
		Enersis SA, Notes:
307,000		7.375% due 1/15/14	328,231
472,000		7.400% due 12/1/16	511,921
192,004		Midwest Generation LLC, Pass-Through Certificates, Series B, 8.560% due 1/2/16	210,364
370,000		Orion Power Holdings Inc., Senior Notes, 12.000% due 5/1/10	427,813
590,000		VeraSun Energy Corp., Senior Notes, 9.375% due 6/1/17 (a)	590,737
		Total Electric Utilities	2,069,066
Electrical Equipment — 0.1%
140,000		Belden CDT Inc., Senior Subordinated Notes, 7.000% due 3/15/17 (a)	144,041

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Electronic Equipment & Instruments — 0.2%
		NXP BV/NXP Funding LLC:
$	110,000	Senior Notes, 9.500% due 10/15/15 (a)	$	114,400
350,000		Senior Secured Bonds, 7.875% due 10/15/14 (a)	362,250
		Total Electronic Equipment & Instruments	476,650
Energy Equipment & Services — 0.6%
445,000		Complete Production Services Inc., Senior Notes, 8.000% due 12/15/16 (a)	465,025
507,000		Dresser-Rand Group Inc., Senior Subordinated Notes, 7.375% due 11/1/14	518,407
230,000		Geokinetics Inc., Senior Secured Notes, 11.855% due 12/15/12 (a)(c)	238,050
170,000		GulfMark Offshore Inc., Senior Subordinated Notes, 7.750% due 7/15/14	175,100
175,000		Pride International Inc., Senior Notes, 7.375% due 7/15/14	181,125
70,000		Southern Natural Gas Co., Senior Notes, 8.000% due 3/1/32	82,161
		Total Energy Equipment & Services	1,659,868
Food & Staples Retailing — 0.2%
365,000		Delhaize America Inc., Debentures, 9.000% due 4/15/31	453,589
Food Products — 0.3%
800,000		Dole Food Co. Inc., Senior Notes, 7.250% due 6/15/10	796,000
Gas Utilities — 0.3%
815,000		Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Notes, 6.875% due 12/15/13	812,963
Health Care Equipment & Supplies — 0.1%
285,000		Advanced Medical Optics Inc., Senior Subordinated Notes, 7.500% due 5/1/17 (a)	282,506
Health Care Providers & Services — 3.1%
600,000		AmeriPath Inc., Senior Subordinated Notes, 10.500% due 4/1/13	657,000
855,000		DaVita Inc., Senior Subordinated Notes, 7.250% due 3/15/15	880,650
		HCA Inc.:
		Debentures:
400,000		7.500% due 12/15/23	359,930
175,000		7.500% due 11/15/95	144,913
		Notes:
610,000		6.375% due 1/15/15	539,850
35,000		7.690% due 6/15/25	32,059
		Senior Notes:
4,000		6.250% due 2/15/13	3,735
255,000		6.500% due 2/15/16	225,675
		Senior Secured Notes:
475,000		9.250% due 11/15/16 (a)	521,906
495,000		9.625% due 11/15/16 (a)(b)	546,975
975,000		IASIS Healthcare LLC/IASIS Capital Corp., Senior Subordinated Notes, 8.750% due 6/15/14	1,028,625
		Tenet Healthcare Corp., Senior Notes:
754,000		7.375% due 2/1/13	714,415
905,000		9.875% due 7/1/14	932,150
725,000		Triad Hospitals Inc., Senior Subordinated Notes, 7.000% due 11/15/13	763,062
		Universal Hospital Services Inc., Secured Notes:
130,000		8.500% due 6/1/15 (a)(b)	133,413
130,000		8.759% due 6/1/15 (a)(c)	132,600
585,000		US Oncology Holdings Inc., Senior Notes, 9.797% due 3/15/12 (a)(b)(c)	582,806
		Total Health Care Providers & Services	8,199,764

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Hotels, Restaurants & Leisure — 3.5%
$	400,000	Boyd Gaming Corp., Senior Subordinated Notes, 6.750% due 4/15/14	$	405,500
455,000		Buffets Inc., Senior Notes, 12.500% due 11/1/14	466,375
425,000		Caesars Entertainment Inc., Senior Subordinated Notes, 8.875% due 9/15/08	439,344
125,000		Carrols Corp., Senior Subordinated Notes, 9.000% due 1/15/13	129,375
315,000		Choctaw Resort Development Enterprise, Senior Notes, 7.250% due 11/15/19 (a)	318,937
675,000		Denny’s Holdings Inc., Senior Notes, 10.000% due 10/1/12	722,250
215,000		El Pollo Loco Inc., Senior Notes, 11.750% due 11/15/13	237,575
280,000		Fontainebleau Las Vegas Holdings LLC/Fontainebleau Las Vegas Capital Corp., 10.250% due 6/15/15 (a)	289,800
475,000		Herbst Gaming Inc., Senior Subordinated Notes, 7.000% due 11/15/14	450,062
770,000		Inn of the Mountain Gods Resort & Casino, Senior Notes, 12.000% due 11/15/10	837,375
700,000		Isle of Capri Casinos Inc., Senior Subordinated Notes, 7.000% due 3/1/14	696,500
550,000		Las Vegas Sands Corp., Senior Notes, 6.375% due 2/15/15	540,375
		MGM MIRAGE Inc.:
95,000		7.500% due 6/1/16	94,050
		Senior Notes:
210,000		6.750% due 9/1/12	208,950
710,000		7.625% due 1/15/17	704,675
55,000		Mohegan Tribal Gaming Authority, Senior Subordinated Notes, 6.875% due 2/15/15	55,275
675,000		Pinnacle Entertainment Inc., Senior Subordinated Notes, 8.250% due 3/15/12	706,219
610,000		Pokagon Gaming Authority, Senior Notes, 10.375% due 6/15/14 (a)	689,300
60,000		River Rock Entertainment Authority, Senior Notes, 9.750% due 11/1/11	63,750
125,000		Sbarro Inc., Senior Notes, 10.375% due 2/1/15 (a)	130,000
		Snoqualmie Entertainment Authority, Senior Secured Notes:
125,000		9.150% due 2/1/14 (a)(c)	128,438
120,000		9.125% due 2/1/15 (a)	125,700
		Station Casinos Inc.:
185,000		Senior Notes, 7.750% due 8/15/16	191,937
		Senior Subordinated Notes:
475,000		6.500% due 2/1/14	442,344
100,000		6.625% due 3/15/18	90,500
		Total Hotels, Restaurants & Leisure	9,164,606
Household Durables — 1.0%
55,000		American Greetings Corp., Senior Notes, 7.375% due 6/1/16	56,444
1,250,000		Holt Group Inc., Senior Notes, 9.750% due 1/15/06 (d)(e)(f)	0
445,000		Jarden Corp., Senior Subordinated Notes, 7.500% due 5/1/17	456,125
		K Hovnanian Enterprises Inc., Senior Notes:
465,000		7.500% due 5/15/16	455,700
320,000		8.625% due 1/15/17	334,400
485,000		Norcraft Cos. LP/Norcraft Finance Corp., Senior Subordinated Notes, 9.000% due 11/1/11	509,250
695,000		Norcraft Holdings LP/Norcraft Capital Corp., Senior Discount Notes, step bond to yield 9.838% due 9/1/12	651,562
200,000		Sealy Mattress Co., Senior Subordinated Notes, 8.250% due 6/15/14	210,000
		Total Household Durables	2,673,481
Household Products — 0.3%
		Nutro Products Inc.:
125,000		Senior Notes, 9.370% due 10/15/13 (a)(c)	131,875
375,000		Senior Subordinated Notes, 10.750% due 4/15/14 (a)	431,250

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Household Products — 0.3% (continued)
$	325,000	Visant Holding Corp., Senior Notes, 8.750% due 12/1/13	$	341,250
		Total Household Products	904,375
Independent Power Producers & Energy Traders — 2.5%
145,000		AES China Generating Co., Ltd., Class A, 8.250% due 6/26/10	144,961
		AES Corp.:
		Senior Notes:
400,000		8.750% due 6/15/08	412,500
175,000		9.500% due 6/1/09	187,031
300,000		9.375% due 9/15/10	330,000
140,000		8.875% due 2/15/11	151,550
130,000		Senior Secured Notes, 9.000% due 5/15/15 (a)	139,100
		Dynegy Holdings Inc.:
480,000		Senior Debentures, 7.625% due 10/15/26	465,600
520,000		Senior Notes, 7.750% due 6/1/19 (a)	517,400
		Edison Mission Energy, Senior Notes:
70,000		7.500% due 6/15/13	72,275
460,000		7.750% due 6/15/16	480,700
350,000		7.200% due 5/15/19 (a)	350,438
370,000		7.625% due 5/15/27 (a)	376,475
950,000		Mirant North America LLC, Senior Notes, 7.375% due 12/31/13	1,009,375
		NRG Energy Inc., Senior Notes:
275,000		7.250% due 2/1/14	283,250
1,355,000		7.375% due 2/1/16	1,409,200
135,000		7.375% due 1/15/17	140,569
		TXU Corp., Senior Notes:
120,000		Series Q, 6.500% due 11/15/24	103,569
30,000		Series R, 6.550% due 11/15/34	25,443
		Total Independent Power Producers & Energy Traders	6,599,436
Industrial Conglomerates — 0.0%
500,000		Moll Industries Inc., Senior Subordinated Notes, 10.500% due 7/1/08 (d)(e)(f)	0
Insurance — 0.1%
300,000		Crum & Forster Holdings Corp., Senior Notes, 7.750% due 5/1/17 (a)	303,750
Internet & Catalog Retail — 0.2%
656,000		FTD Inc., Senior Subordinated Notes, 7.750% due 2/15/14	660,920
IT Services — 0.5%
		SunGard Data Systems Inc.:
479,000		Senior Notes, 9.125% due 8/15/13	511,333
810,000		Senior Subordinated Notes, 10.250% due 8/15/15	889,987
		Total IT Services	1,401,320
Leisure Equipment & Products — 0.1%
360,000		WMG Acquisition Corp., Senior Subordinated Notes, 7.375% due 4/15/14	351,450
Machinery — 0.1%
170,000		American Railcar Industries Inc., Senior Notes, 7.500% due 3/1/14	176,375
Media — 5.8%
		Affinion Group Inc.:
860,000		Senior Notes, 10.125% due 10/15/13	946,000
95,000		Senior Subordinated Notes, 11.500% due 10/15/15	106,638
920,000		AMC Entertainment Inc., Senior Subordinated Notes, 11.000% due 2/1/16	1,054,550
1,250,000		CCH I Holdings LLC/CCH I Holdings Capital Corp., Senior Notes, 11.750% due 5/15/14	1,268,750
804,000		CCH I LLC/CCH Capital Corp., Senior Secured Notes, 11.000% due 10/1/15	878,370

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face Amount		Security†	Value
Media — 5.8% (continued)
		CCH II LLC/CCH II Capital Corp., Senior Notes:
$	680,000	10.250% due 9/15/10	$	727,600
441,000		10.250% due 10/1/13	491,715
200,000		Charter Communications Holdings LLC, Senior Discount Notes, 12.125% due 1/15/12	209,000
210,000		Charter Communications Holdings LLC/Charter Communications Holdings Capital Corp., Senior Discount Notes, 11.750% due 5/15/11	218,400
300,000		Charter Communications Operating LLC, Second Lien Senior Notes, 8.375% due 4/30/14 (a)	316,500
635,000		CMP Susquehanna Corp., Senior Subordinated Notes, 9.875% due 5/15/14 (a)	650,875
		CSC Holdings Inc.:
920,000		Senior Debentures, Series B, 8.125% due 8/15/09	957,950
		Senior Notes, Series B:
50,000		7.625% due 4/1/11	51,500
375,000		6.750% due 4/15/12	372,187
635,000		Dex Media West LLC/Dex Media Finance Co., Senior Subordinated Notes, Series B, 9.875% due 8/15/13	692,944
		EchoStar DBS Corp., Senior Notes:
45,000		7.000% due 10/1/13	46,294
350,000		6.625% due 10/1/14	350,875
960,000		7.125% due 2/1/16	990,000
520,000		Globo Communicaco e Participacoes SA, Bonds, 7.250% due 4/26/22 (a)	516,693
130,000		ION Media Networks Inc., Senior Secured Notes, 11.606% due 1/15/13 (a)(c)	136,175
675,000		Lamar Media Corp., Senior Subordinated Notes, 6.625% due 8/15/15	675,000
455,000		Primedia Inc., Senior Notes, 8.875% due 5/15/11	469,787
200,000		Quebecor Media Inc., Senior Notes, 7.750% due 3/15/16	211,000
		R.H. Donnelley Corp.:
		Senior Discount Notes:
100,000		Series A-1, 6.875% due 1/15/13	99,000
200,000		Series A-2, 6.875% due 1/15/13	198,000
650,000		Senior Notes, Series A-3, 8.875% due 1/15/16	703,625
		Rainbow National Services LLC:
760,000		Senior Notes, 8.750% due 9/1/12 (a)	815,100
100,000		Senior Subordinated Debentures, 10.375% due 9/1/14 (a)	112,750
465,000		Sinclair Broadcast Group Inc., Senior Subordinated Notes, 8.000% due 3/15/12	484,762
125,000		Videotron Ltee., Senior Notes, 6.375% due 12/15/15	124,063
		XM Satellite Radio Inc., Senior Notes:
150,000		9.856% due 5/1/13 (c)	148,312
325,000		9.750% due 5/1/14	328,250
		Total Media	15,352,665
Metals & Mining — 1.5%
50,000		Chaparral Steel Co., Senior Notes, 10.000% due 7/15/13	56,000
1,850,000		Freeport-McMoRan Copper & Gold Inc., Senior Notes, 8.375% due 4/1/17	2,025,750
910,000		Metals USA Inc., Senior Secured Notes, 11.125% due 12/1/15	1,026,025
430,000		Novelis Inc., Senior Notes, 7.250% due 2/15/15	455,800
430,000		Tube City IMS Corp., Senior Subordinated Notes, 9.750% due 2/1/15 (a)	453,650
		Total Metals & Mining	4,017,225
Multiline Retail — 0.4%
		Neiman Marcus Group Inc.:
190,000		Senior Notes, 9.000% due 10/15/15 (b)	209,475
725,000		Senior Subordinated Notes, 10.375% due 10/15/15	819,250
		Total Multiline Retail	1,028,725

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
Oil, Gas & Consumable Fuels — 6.8%
$	765,000	Belden & Blake Corp., Secured Notes, 8.750% due 7/15/12	$	791,775
		Chesapeake Energy Corp., Senior Notes:
1,005,000		6.625% due 1/15/16	1,023,844
170,000		6.500% due 8/15/17	169,150
120,000		Colorado Interstate Gas Co., Senior Notes, 6.800% due 11/15/15	126,138
165,000		Compagnie Generale de Geophysique SA, Senior Notes, 7.500% due 5/15/15	173,456
400,000		Corral Finans AB, 6.855% due 4/15/10 (a)(b)(c)	407,000
		El Paso Corp.:
		Medium-Term Notes:
900,000		7.800% due 8/1/31	991,624
475,000		7.750% due 1/15/32	523,315
825,000		Notes, 7.875% due 6/15/12	884,028
		Enterprise Products Operating LP:
85,000		7.034% due 1/15/68 (c)	84,472
350,000		Junior Subordinated Notes, 8.375% due 8/1/66 (c)	381,164
670,000		EXCO Resources Inc., Senior Notes, 7.250% due 1/15/11	680,050
		Gazprom, Loan Participation Notes:
1,240,000		6.212% due 11/22/16 (a)	1,243,100
260,000		Senior Notes, 6.510% due 3/7/22 (a)	265,200
450,000		Hanover Equipment Trust, Secured Notes, 8.750% due 9/1/11	466,875
375,000		Inergy LP/Inergy Finance Corp., Senior Notes, 8.250% due 3/1/16	398,437
635,000		International Coal Group Inc., Senior Notes, 10.250% due 7/15/14	670,719
		Mariner Energy Inc., Senior Notes:
260,000		7.500% due 4/15/13	260,650
120,000		8.000% due 5/15/17	123,000
70,000		Northwest Pipeline Corp., Senior Notes, 7.000% due 6/15/16	74,900
75,000		OMI Corp., Senior Notes, 7.625% due 12/1/13	77,625
315,000		OPTI Canada Inc., Senior Secured Notes, 8.250% due 12/15/14 (a)	336,263
300,000		Parker Drilling Co., Senior Notes, 9.625% due 10/1/13	325,500
		Pemex Project Funding Master Trust:
715,000		6.125% due 8/15/08	720,362
500,000		Senior Notes, 5.948% due 12/3/12 (a)(c)	506,375
350,000		Petrohawk Energy Corp., Senior Notes, 9.125% due 7/15/13	378,000
		Petroplus Finance Ltd.:
160,000		6.750% due 5/1/14 (a)	161,000
260,000		7.000% due 5/1/17 (a)	263,250
400,000		Pogo Producing Co., Senior Subordinated Notes, 7.875% due 5/1/13	422,000
450,000		Quicksilver Resources Inc., Senior Subordinated Notes, 7.125% due 4/1/16	448,875
820,000		SemGroup LP, Senior Notes, 8.750% due 11/15/15 (a)	862,025
30,000		SESI LLC, Senior Notes, 6.875% due 6/1/14	30,300
645,000		Stone Energy Corp., Senior Subordinated Notes, 8.250% due 12/15/11	661,125
200,000		Swift Energy Co., Senior Subordinated Notes, 9.375% due 5/1/12	209,876
725,000		Whiting Petroleum Corp., Senior Subordinated Notes, 7.000% due 2/1/14	706,875
		Williams Cos. Inc.:
		Notes:
1,400,000		7.875% due 9/1/21	1,575,000
260,000		8.750% due 3/15/32	310,700
300,000		Senior Notes, 7.625% due 7/15/19	330,750
		Total Oil, Gas & Consumable Fuels	18,064,798
Paper & Forest Products — 1.4%
		Abitibi-Consolidated Co. of Canada:
415,000		6.000% due 6/20/13	346,525
250,000		Senior Notes, 8.375% due 4/1/15	223,750
		Abitibi-Consolidated Inc.:

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
Paper & Forest Products — 1.4% (continued)
$	110,000	7.400% due 4/1/18	$	89,650
60,000		Debentures, 8.850% due 8/1/30	51,225
735,000		Appleton Papers Inc., Senior Subordinated Notes, Series B, 9.750% due 6/15/14	779,100
		NewPage Corp.:
610,000		Senior Secured Notes, 11.606% due 5/1/12 (c)	680,912
320,000		Senior Subordinated Notes, 12.000% due 5/1/13	356,800
600,000		Smurfit Capital Funding PLC, Debentures, 7.500% due 11/20/25	623,250
575,000		Verso Paper Holdings LLC, Senior Subordinated Notes, 11.375% due 8/1/16 (a)	618,125
		Total Paper & Forest Products	3,769,337
Pharmaceuticals — 0.4%
975,000		Leiner Health Products Inc., Senior Subordinated Notes, 11.000% due 6/1/12	965,250
Real Estate Investment Trusts (REITs) — 0.5%
20,000		Forest City Enterprises Inc., Senior Notes, 7.625% due 6/1/15	20,500
505,000		Host Marriott LP, Senior Notes, Series O, 6.375% due 3/15/15	505,631
190,000		Kimball Hill Inc., Senior Subordinated Notes, 10.500% due 12/15/12	182,400
		Ventas Realty LP/Ventas Capital Corp., Senior Notes:
190,000		6.500% due 6/1/16	192,850
440,000		6.750% due 4/1/17	453,200
		Total Real Estate Investment Trusts (REITs)	1,354,581
Real Estate Management & Development — 0.5%
285,000		Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Subordinated Notes, 9.500% due 10/1/15	270,750
		Realogy Corp., Senior Notes:
130,000		10.500% due 4/15/14 (a)	130,813
960,000		12.375% due 4/15/15 (a)	938,400
		Total Real Estate Management & Development	1,339,963
Road & Rail — 1.1%
		Grupo Transportacion Ferroviaria Mexicana SA de CV, Senior Notes:
805,000		9.375% due 5/1/12	873,425
30,000		12.500% due 6/15/12	32,100
		Hertz Corp.:
735,000		Senior Notes, 8.875% due 1/1/14	794,719
900,000		Senior Subordinated Notes, 10.500% due 1/1/16	1,020,375
		Kansas City Southern de Mexico, Senior Notes:
40,000		7.625% due 12/1/13 (a)	40,950
25,000		7.375% due 3/1/14 (a)	25,437
100,000		Kansas City Southern Railway, Senior Notes, 7.500% due 6/15/09	102,750
		Total Road & Rail	2,889,756
Semiconductors & Semiconductor Equipment — 0.2%
440,000		Freescale Semiconductor Inc., Senior Notes, 8.875% due 12/15/14 (a)	442,750
Software — 0.4%
550,000		Activant Solutions Inc., Senior Subordinated Notes, 9.500% due 5/1/16	552,750
514,725		UGS Capital Corp. II, Senior Notes, 10.348% due 6/1/11 (a)(b)(c)	531,454
		Total Software	1,084,204
Specialty Retail — 0.4%
		AutoNation Inc., Senior Notes:
185,000		7.356% due 4/15/13 (c)	187,775
95,000		7.000% due 4/15/14	96,425
435,000		Blockbuster Inc., Senior Subordinated Notes, 9.000% due 9/1/12	433,369

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
Specialty Retail — 0.4% (continued)
$	240,000	Eye Care Centers of America, Senior Subordinated Notes, 10.750% due 2/15/15	$	268,200
		Total Specialty Retail	985,769
Textiles, Apparel & Luxury Goods — 0.6%
		Levi Strauss & Co., Senior Notes:
725,000		9.750% due 1/15/15	791,156
50,000		8.875% due 4/1/16	53,313
325,000		Oxford Industries Inc., Senior Notes, 8.875% due 6/1/11	339,625
425,000		Simmons Co., Senior Discount Notes, step bond to yield 9.995% due 12/15/14	364,437
		Total Textiles, Apparel & Luxury Goods	1,548,531
Tobacco — 0.2%
		Alliance One International Inc., Senior Notes:
45,000		8.500% due 5/15/12 (a)	46,575
320,000		11.000% due 5/15/12	355,200
		Total Tobacco	401,775
Trading Companies & Distributors — 0.6%
315,000		Ashtead Capital Inc., Notes, 9.000% due 8/15/16 (a)	342,563
355,000		H&E Equipment Services Inc., Senior Notes, 8.375% due 7/15/16	385,175
690,000		Penhall International Corp., Senior Secured Notes, 12.000% due 8/1/14 (a)	762,450
		Total Trading Companies & Distributors	1,490,188
Transportation Infrastructure — 0.3%
		Saint Acquisition Corp., Secured Notes:
80,000		13.107% due 5/15/15 (a)(c)	77,600
625,000		12.500% due 5/15/17 (a)	614,063
		Total Transportation Infrastructure	691,663
Wireless Telecommunication Services — 1.8%
200,000		American Tower Corp., Senior Notes, 7.500% due 5/1/12	209,500
125,000		MetroPCS Wireless Inc., Senior Notes, 9.250% due 11/1/14 (a)	132,344
680,000		Nextel Communications Inc., Senior Notes, Series D, 7.375% due 8/1/15	695,164
70,000		Rogers Wireless Communications Inc., Senior Secured Notes, 7.250% due 12/15/12	74,727
		Rural Cellular Corp.:
210,000		Senior Notes, 9.875% due 2/1/10	221,812
300,000		Senior Secured Notes, 8.250% due 3/15/12	317,250
380,000		Senior Subordinated Notes, 8.360% due 6/1/13 (a)(c)	382,850
2,110,000		True Move Co., Ltd., 10.750% due 12/16/13 (a)	2,262,975
480,000		UBS Luxembourg SA for OJSC Vimpel Communications, Loan Participation Notes, 8.250% due 5/23/16 (a)	516,768
		Total Wireless Telecommunication Services	4,813,390
		TOTAL CORPORATE BONDS & NOTES
		(Cost — $149,362,982)	151,990,123
ASSET-BACKED SECURITY — 0.0%
Diversified Financial Services — 0.0%
987,700		Airplanes Pass-Through Trust, Subordinated Notes, Series D, 10.875% due 3/15/19 (d)(e)(f)
		(Cost - $987,700)	0
CONVERTIBLE BONDS & NOTES — 0.1%
Automobiles — 0.1%
160,000		Ford Motor Co., Senior Notes, 4.250% due 12/15/36
		(Cost - $160,000)	183,000

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
SOVEREIGN BONDS — 41.4%
Argentina — 2.3%
		Republic of Argentina:
$	4,199,000	Bonds, Series VII, 7.000% due 9/12/13	$	4,036,755
1,193,290		Discount Notes, 8.280% due 12/31/33 (g)	1,250,568
5,670,000		GDP Linked Securities, 1.330% due 12/15/35 (c)	898,695
		Total Argentina	6,186,018
Brazil — 12.0%
		Federative Republic of Brazil:
8,760,000		7.125% due 1/20/37	9,887,850
5,294,000		11.000% due 8/17/40 (g)	7,097,930
		Collective Action Securities:
2,185,000		8.750% due 2/4/25	2,825,205
10,655,000		Notes, 8.000% due 1/15/18 (g)	11,912,290
		Total Brazil	31,723,275
Colombia — 1.6%
		Republic of Colombia:
1,451,000		10.000% due 1/23/12 (g)	1,708,915
525,000		10.750% due 1/15/13	651,394
63,000		10.375% due 1/28/33	94,500
1,625,000		7.375% due 9/18/37	1,818,375
		Total Colombia	4,273,184
Ecuador — 0.5%
1,631,000		Republic of Ecuador, 10.000% due 8/15/30 (a)	1,464,638
El Salvador — 0.8%
		Republic of El Salvador:
1,555,000		7.750% due 1/24/23 (a)	1,815,463
330,000		8.250% due 4/10/32 (a)	410,850
		Total El Salvador	2,226,313
Indonesia — 0.2%
500,000		Republic of Indonesia, 8.500% due 10/12/35 (a)	619,375
Mexico — 5.5%
		United Mexican States:
800,000		11.375% due 9/15/16	1,137,500
		Medium-Term Notes:
7,890,000		5.625% due 1/15/17	7,907,752
		Series A:
1,476,000		6.625% due 3/3/15 (g)	1,584,486
3,518,000		6.750% due 9/27/34	3,918,173
		Total Mexico	14,547,911
Panama — 1.8%
		Republic of Panama:
4,000		9.625% due 2/8/11	4,528
1,625,000		7.250% due 3/15/15	1,771,250
243,000		9.375% due 4/1/29	331,391
2,434,000		6.700% due 1/26/36	2,567,870
		Total Panama	4,675,039
Peru — 0.7%
		Republic of Peru:
381,000		Bonds, 6.550% due 3/14/37	397,764

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
Peru — 0.7% (continued)
$	1,200,000	Global Bonds, 7.350% due 7/21/25	$	1,386,000
		Total Peru	1,783,764
Russia — 4.4%
		Russian Federation:
1,455,000		11.000% due 7/24/18 (a)	2,069,737
540,000		12.750% due 6/24/28 (a)	979,425
7,647,112		7.500% due 3/31/30 (a)	8,586,178
		Total Russia	11,635,340
Turkey — 6.9%
		Republic of Turkey:
78,000		7.000% due 6/5/20	79,658
751,000		11.875% due 1/15/30 (g)	1,171,560
416,000		Bonds, 7.000% due 9/26/16	427,440
9,650,000		Collective Action Securities, Notes, 7.375% due 2/5/25	10,023,937
6,737,000		Notes, 6.875% due 3/17/36	6,526,469
		Total Turkey	18,229,064
Uruguay — 0.6%
1,431,761		Oriental Republic of Uruguay, Bonds, 7.625% due 3/21/36	1,628,628
Venezuela — 4.1%
		Bolivarian Republic of Venezuela:
3,733,000		8.500% due 10/8/14 (g)	3,980,311
4,267,000		5.750% due 2/26/16 (g)	3,829,632
233,000		7.650% due 4/21/25	234,049
		Collective Action Securities:
1,982,000		9.375% due 1/13/34 (g)	2,311,508
391,000		Notes, 10.750% due 9/19/13	456,786
		Total Venezuela	10,812,286
		TOTAL SOVEREIGN BONDS
		(Cost — $104,714,313)	109,804,835
U.S. GOVERNMENT & AGENCY OBLIGATION — 0.5%
U.S. Government Obligation — 0.5%
1,275,000		U.S. Treasury Notes, 4.625% due 5/31/12
		(Cost - $1,268,675)	1,269,622

Shares
COMMON STOCKS — 0.0%
CONSUMER DISCRETIONARY — 0.0%
Household Durables — 0.0%
1,349,235		Home Interiors & Gifts Inc. (e)(f)*	13,492
10,194		Mattress Discounters Corp. (e)(f)*	0
		TOTAL CONSUMER DISCRETIONARY	13,492
CONSUMER STAPLES — 0.0%
Food Products — 0.0%
688		Imperial Sugar Co.	19,553
INDUSTRIALS — 0.0%
Machinery — 0.0%
5		Glasstech Inc. (e)(f)*	0
INFORMATION TECHNOLOGY — 0.0%
Computers & Peripherals — 0.0%
12,166		Axiohm Transaction Solutions Inc. (e)(f)*	0
		TOTAL COMMON STOCKS
		(Cost — $1,136,714)	33,045

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Shares		Security†	Value
PREFERRED STOCKS — 0.1%
CONSUMER DISCRETIONARY — 0.1%
Media — 0.1%
22		ION Media Networks Inc., 14.250% (b)*	$	192,500
Textiles, Apparel & Luxury Goods — 0.0%
12		Anvil Holdings Inc., Class B, 13.000% (e)(f)*	12
		TOTAL CONSUMER DISCRETIONARY	192,512
FINANCIALS — 0.0%
Diversified Financial Services — 0.0%
6,800		Preferred Plus, Series FRD-1, 7.400%	122,196
300		Saturns, Series F 2003-5, 8.125%	5,922
4,091		TCR Holdings Corp., Class B Shares, 0.000% (e)(f)*	4
2,250		TCR Holdings Corp., Class C Shares, 0.000% (e)(f)*	2
5,932		TCR Holdings Corp., Class D Shares, 0.000% (e)(f)*	6
12,271		TCR Holdings Corp., Class E Shares, 0.000% (e)(f)*	13
		TOTAL FINANCIALS	128,143
INDUSTRIALS — 0.0%
Machinery — 0.0%
5		Glasstech Inc., 0.000% (e)(f)*	0
		TOTAL PREFERRED STOCKS
		(Cost — $272,668)	320,655
CONVERTIBLE PREFERRED STOCKS — 0.1%
ENERGY — 0.1%
Oil, Gas & Consumable Fuels — 0.1%
828		Chesapeake Energy Corp., 6.250%
		(Cost - $208,044)	236,705
ESCROWED SHARES — 0.0%
$	1,750,000	Breed Technologies Inc. (d)(e)(f)*	0
625,000		Pillowtex Corp. (d)(e)(f)*	0
397,208		Vlasic Foods International Inc. (d)(e)(f)*	0
		TOTAL ESCROWED SHARES
		(Cost — $0)	0

Warrants
WARRANTS — 0.1%
9,125	Bolivarian Republic of Venezuela, Oil-linked payment obligations, Expires 4/15/20	342,187
1,872,290	ContiFinancial Corp., Liquidating Trust, Units of Interest (Represents interest in a trust in the liquidation of ContiFinancial Corp. and its affiliates) (e)(f)*	2
1,000	Mattress Discounters Co., Expires 7/15/07(a)(e)(f)*	0
4,202	Pillowtex Corp., Expires 11/24/09(e)(f)*	0
750	UbiquiTel Inc., Expires 4/15/10(a)(e)(f)*	8
	TOTAL WARRANTS
	(Cost — $44,998)	342,197
	TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENT
	(Cost — $258,156,094)	264,180,182

See Notes to Schedule of Investments.

Western Asset Global Partners Income Fund Inc.

Schedule of Investments (unaudited) (continued)

May 31, 2007

Face
Amount		Security†	Value
SHORT-TERM INVESTMENT — 0.3%
Repurchase Agreement — 0.3%
$	807,000	Nomura Securities International Inc. tri-party repurchase agreement dated 5/31/07, 5.200% due 6/1/07; Proceeds at maturity - $807,117; (Fully collateralized by U.S. government agency obligation, 9.375% due 10/15/20; Market value - $823,247)
		(Cost - $807,000)	$	807,000
		TOTAL INVESTMENTS — 100.0% (Cost — $258,963,094#)	$	264,987,182

†		All securities are segregated pursuant to a revolving credit facility, extended settlements and for reverse repurchase agreements.
*		Non-income producing security.
(a)		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.
(b)		Payment-in-kind security for which part of the income earned may be paid as additional principal.
(c)		Variable rate security. Interest rate disclosed is that which is in effect at May 31, 2007.
(d)		Security is currently in default.
(e)		Illiquid security.
(f)		Security is valued in good faith at fair value by or under the direction of the Board of Directors (See Note 1).
(g)		All or a portion of this security is held by the counterparty as collateral for open reverse repurchase agreements.
#		Aggregate cost for federal income tax purposes is substantially the same.

		Abbreviation used in this schedule:
		GDP - Gross Domestic Product

See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. Organization and Significant Accounting Policies

Western Asset Global Partners Income Fund Inc. (the “Fund”) (formerly known as Salomon Brothers Global Partners Income Fund Inc.) 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, as amended (the “1940 Act”). 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 and high-yield foreign sovereign debt securities. As a secondary objective, the Fund seeks capital appreciation.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(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 other 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. 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 (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 to the Fund.

(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 assumes the credit risk of the borrower, 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 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 risks. 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.

(f) Security Transactions. Security transactions are accounted for on a trade date basis.

2. Investments

At May 31, 2007, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:

Gross unrealized appreciation	$	12,980,029
Gross unrealized depreciation	(6,955,941		)
Net unrealized appreciation	$	6,024,088

Transactions in reverse repurchase agreements for the Fund during the period ended May 31, 2007 were as follows:

Average Weighted Maximum		Daily Average Amount		Balance Interest Rate Outstanding
$24,486,379		4.810	%	$30,635,499

Interest rates on reverse repurchase agreements ranged from 0.000% to 5.350% during the period ended May 31, 2007.

At May 31, 2007, the Fund had the following open reverse repurchase agreements:

Face
Amount		Security	Value
$	989,000	Reverse Repurchase Agreement with Credit Suisse,
		dated 11/20/06 bearing 5.30% to be repurchased at an amount and date to be determined,
		collateralized by: $1.000,000 United Mexican States,
		Medium-Term Notes, Series A, 6.625% due 3/3/15;
		Market value (including accrured interest) $1,089,702	$	989,000
3,603,600		Reverse Repurchase Agreement with Credit Suisse,
		dated 1/9/07 bearing 5.350% to be repurchased at $3,682,324
		on 6/5/07, collateralized by: $3,500,000 Bolivarian Republic
		of Venezuela, 8.500% due 10/8/14;
		Market value (including accrured interest) $3,775,792	3,603,600
10,396,000		Reverse Repurchase Agreement with Credit Suisse,
		dated 4/20/07 bearing 5.300% to be repurchased at an amount and date to be determined,
		collateralized by: $10,000,000 Federative Republic
		of Brazil, 8.000% due 1/15/18;
		Market value (including accrured interest) $11,482,762	10,396,000
1,187,865		Reverse Repurchase Agreement with Credit Suisse,
		dated 5/4/07 bearing 5.150% to be repurchased at an amount and date to be determined,
		collateralized by: $1,050,000 Republic of
		Argentina, 8.280% due 12/31/33;
		Market value (including accrured interest) $1,137,083	1,187,865
1,577,672		Reverse Repurchase Agreement with Credit Suisse,
		dated 5/8/07 bearing 5.300% to be repurchased at an amount and date to be determined,
		collateralized by: $1,451,000 Republic of
		Columbia, 10.000% due 1/23/12
		Market value (including accrured interest) $1,760,622	1,577,672
1,976,332		Reverse Repurchase Agreement with Credit Suisse,
		dated 5/15/07 bearing 5.350% to be repurchased at $1,982,499
		on 6/5/07, collateralized by: $2,321,000 Bolivarian Republic
		of Venezuela, 5.750% due 2/26/16;
		Market value (including accrured interest) $2,118,121	1,976,332
3,770,907		Reverse Repurchase Agreement with Credit Suisse,
		dated 5/31/07 bearing 5.150% to be repurchased at an amount and date to be determined,
		collateralized by: $3,044,000 Federative Republic
		of Brazil, Collective Action Securities, Notes, 11.000% due 8/17/40;
		Market value (including accrured interest) $4,177,445	3,770,907
1,237,836		Reverse Repurchase Agreement with Credit Suisse,
		dated 5/31/07 bearing 4.750% to be repurchased at an amount and date to be determined,
		collateralized by: $1,129,000 Bolivarian Republic
		of Venezuela, 9.375% due 1/13/34;
		Market value (including accrured interest) $1,357,399	1,237,836
874,575		Reverse Repurchase Agreement with JPMorgan Chase & Co.,
		dated 10/17/06 bearing 1.450% to be repurchased at an amount and date to be determined,
		collateralized by: $575,000 Republic of Turkey,
		11.875% due 1/15/30;
		Market value (including accrured interest) $922,841	874,575

		Total Reverse Repurchase Agreements
		(Cost — $25,613,787)	$	25,613,787

3. Loan

At May 31, 2007, the Fund had a $35,000,000 loan available pursuant to an amended and restated revolving credit and security agreement, dated as of November 20, 2006, among the Fund, Panterra Funding, LLC and Citibank N.A. (“Citibank”) as a secondary lender, for which Citibank also acts as administrative agent. The loan generally bears interest at a variable rate based on the weighted average interest rates of the commercial paper or LIBOR, plus any applicable margin. In addition, the Fund pays a commitment fee on the total credit available, whether used or unused. 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.

ITEM 2.	CONTROLS AND PROCEDURES.

	(a)	The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (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 quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 3.	EXHIBITS.

	Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.

SIGNATURES

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

Western Asset Global Partners Income Fund Inc.

By	/s/ R. Jay Gerken
	R. Jay Gerken
	Chief Executive Officer


Date: July 27, 2007

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


Date: July 27, 2007


By	/s/ Kaprel Ozsolak
	Kaprel Ozsolak
	Chief Financial Officer


Date: July 27, 2007

EX-99.CERT 2 a07-18052_5ex99dcert.htm EX-99.CERT

Exhibit 99.CERT

CERTIFICATIONS

I, R. Jay Gerken, certify that:

1. I have reviewed this report on Form N-Q of Western Asset 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 schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) 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) & #160; 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 procedu res 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 quarter 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 officer(s) 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:	July 27, 2007	/s/ R. Jay Gerken
		R. Jay Gerken
		Chief Executive Officer

I, Kaprel Ozsolak, certify that:

1. I have reviewed this report on Form N-Q of Western Asset Global Partners Income Fund Inc.;

c) Evaluated the effectiveness of the registrant 46;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

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:	July 27, 2007	/s/ Kaprel Ozsolak
		Kaprel Ozsolak
		Chief Financial Officer