REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
                               ON INTERNAL CONTROL



Shareholders and Board of Directors
Global Income Fund, Inc.
New York, New York


In planning  and  performing  our audit of the  financial  statements  of Global
Income Fund,  Inc.  (the  "Company")  for the year ended  December 31, 2005,  we
considered its internal control,  including control  activities for safeguarding
securities,  in order to determine  our auditing  procedures  for the purpose of
expressing  our  opinion  on the  financial  statements  and to comply  with the
requirements of Form N-SAR, not to provide assurance on internal control.

The management of the Company is responsible  for  establishing  and maintaining
internal control. In fulfilling this responsibility,  estimates and judgments by
management  are  required to assess the expected  benefits and related  costs of
controls.  Generally,  controls  that are  relevant  to an audit  pertain to the
entity's objective of preparing financial  statements for external purposes that
are fairly presented in conformity with accounting principles generally accepted
in the United States of America.  Those  controls  include the  safeguarding  of
assets against unauthorized acquisition, use, or disposition.

Because of inherent  limitations  in any  internal  control,  error or fraud may
occur and not be detected.  Also,  projection of any  evaluation of the internal
control to future  periods is subject to the risk that it may become  inadequate
because of changes in  conditions  or that the  effectiveness  of the design and
operation may deteriorate.

Our  consideration  of the internal  control would not necessarily  disclose all
matters in internal  control that might be material  weaknesses  under standards
established by the Public Company Accounting  Oversight Board (United States). A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk  that  misstatements  caused  by error or fraud in  amounts  that  would be
material in relation to the financial statements being audited may occur and not
be  detected  within a timely  period  by  employees  in the  normal  course  of
performing  their assigned  functions.  However,  we noted no matters  involving
internal  control  and  its  operation,   including  controls  for  safeguarding
securities, which we consider to be material weaknesses, as defined above, as of
December 31, 2005.

This  report is  intended  solely  for the  information  and use of  management,
Shareholders,  and  Board of  Directors  of Global  Income  Fund,  Inc.  and the
Securities and Exchange Commission,  and is not intended to be and should not be
used by anyone other than these specified parties.


                                                        TAIT, WELLER & BAKER LLP


Philadelphia, Pennsylvania
January 19, 2006