NOTICE OF GUARANTEED DELIVERY

EXHIBIT 99.2(h)(ii)

GLOBAL INCOME FUND, INC.
Subscribed for under the Primary Subscription
and the Over-Subscription Privilege
(together, the "Rights Offering")

Global Income Fund, Inc. (the "Fund") issued to its shareholders of
record, as of the close of business on ________, 2005 ("Record Date"),
non-transferable rights ("Rights") in the ratio of one Right for each whole
share of the Fund's common stock held on the Record Date entitling the holders
thereof to subscribe for new Shares (the "Shares") at a rate of one new Share of
common stock of the Fund for each three Rights held (the "Primary Subscription")
with the right to subscribe for additional Shares not subscribed for by others
in the Primary Subscription (the "Over-Subscription Privilege"). The terms and
conditions of the Rights Offering are set forth in the Prospectus, which is
incorporated into this document by reference. Capitalized terms herein shall
have the same meaning as defined in the Prospectus. As set forth in the
Prospectus, this form, or one substantially equivalent hereto, may be used as a
means of effecting subscription and payment for all Shares subscribed for under
the Primary Subscription and the Over-Subscription Privilege. This form may be
delivered by hand or sent by facsimile transmission, overnight courier or first
class mail to the Subscription Agent.

The Subscription Agent is:
AMERICAN STOCK TRANSFER & TRUST COMPANY

By First-Class Mail: By Facsimile:
59 Maiden Lane 1-718-234-5001
Plaza Level
New York, NY 10038


Confirm by telephone to:
1-800-937-5449 or 1-718-921-8200

By Express Mail or Overnight Courier: By Hand:
59 Maiden Lane (9:00 a.m. - 5:00 p.m., New York City time)
Plaza Level 59 Maiden Lane
New York, NY 10038 Plaza Level
New York, NY 10038

DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OR TRANSMISSION OF INSTRUCTIONS VIA A
TELECOPY FACSIMILE NUMBER, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A
VALID DELIVERY.










The New York Stock Exchange member firm, bank, trust company, financial
institution or other nominee that completes this form must communicate this
guarantee and the number of Shares subscribed for in connection with this
guarantee (separately disclosed as to the Primary Subscription and the
Over-Subscription Privilege) to the Subscription Agent and must deliver this
Notice of Guaranteed Delivery of Payment to the Subscription Agent prior to 5:00
p.m., New York City time, on the Expiration Date, __________, 2005, unless the
Offer is extended by the Fund. This Notice of Guaranteed Delivery guarantees
delivery to the Subscription Agent of (a) payment in full for all subscribed
Shares, and (b) a properly completed and signed Subscription Certificate (which
certificate and payment of the Estimated Subscription Price per Share must then
be received no later than the close of business on __________, 2005 the third
business day after the Expiration Date, unless the offer is extended, and final
payment of the actual Subscription Price no later than the close of business
__________, 2005, ten business days after the Confirmation Date). Failure to
deliver this Notice or to make the delivery guaranteed will result in a
forfeiture of the Rights.

GUARANTEE

The undersigned, New York Stock Exchange member firm, bank, trust
company, financial institution or other nominee having an office or
correspondent in the United States, hereby guarantees delivery to the
Subscription Agent by no later than 5:00 p.m., New York City time, on
__________, 2005 (unless extended as described in the Prospectus) of (a) a
properly completed and executed Subscription Certificate and (b) payment of the
full Estimated Subscription Price for Shares subscribed for on Primary
Subscription and for any additional Shares subscribed for pursuant to the
Over-Subscription Privilege, as subscription for such Shares is indicated herein
or in the Subscription Certificate.