SCHEDULE 14A INFORMATION
                  PROXY STATEMENT PURSUANT TO SECTION 14(a) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

Filed by the Registrant [x]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

     [ ] Preliminary Proxy Statement

     [ ] Confidential, for use of the Commission Only (as permitted by Rule
         14a-6(e)(2))

     [ ] Definitive Proxy Statement

     [x] Definitive Additional Materials

     [ ] Soliciting Material Pursuant to (ss.) 240.14a-11c) or (ss.) 240.14a-12

                            Global Income Fund, Inc.
      --------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)

    (Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[x] No fee required.

[ ] Fee computed on table below per Exchange Act Rules 14a-6( i)(4) and 0-11.

     (1) Title of each class of securities to which transaction applies:

     (2) Aggregate number of securities to which transaction applies:

     (3) Per unit price or other underlying value of transaction computed
         pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
         filing fee is calculated and state how it was determined):

     (4) Proposed maximum aggregate value of transaction: (5) Total fee paid:

[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange  Act
Rule  0-11(a)(2)  and identify the filing for which the  offsetting fee was paid
previously.  Identify the previous filing by registration  statement  number, or
the Form or Schedule and the date of its filing.

     (1) Amount Previously Paid:

     (2) Form, Schedule or Registration Statement No.:

     (3) Filing Party:

     (4) Date Filed:

Notes:


                            GLOBAL INCOME FUND, INC.
                                11 Hanover Square
                               New York, NY 10005


                              - EXTREMELY URGENT -

                  PLEASE VOTE NOW TO HELP REDUCE FUND EXPENSES
                      ASSOCIATED WITH FURTHER SOLICITATION.


                                             October 23, 2006


Dear Fellow Stockholder:

     We have attempted to contact you regarding your vote for this important
Annual Meeting which has been adjourned until October 31, 2006 at 9:00 a.m. to
allow time to solicit additional proxies. According to our latest records, we
have not received your vote for this important meeting. Regardless of the number
of shares you own, it is important that they are represented and voted at the
meeting.


    PLEASE VOTE NOW BY CALLING THE TOLL FREE TELEPHONE NUMBER LISTED IN THE
ACCOMPANYING MATERIAL SUPPLIED BY YOUR BANK, BROKER OR FINANCIAL ADVISOR OR CALL
                                 1-866-470-3300
                    FOR ASSISTANCE WITH VOTING YOUR SHARES.


     YOUR BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE "FOR" EACH
PROPOSAL on the meeting agenda for the reasons set forth in the Proxy Statement.

     Thank you for your cooperation and continued support.


                                                  Sincerely,
                                                  /s/Thomas B. Winmill
                                                  Thomas B. Winmill
                                                  President