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 811-21636
----------------------------
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
--------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
1001 Warrenville Road, Suite 300
LISLE, IL 60532
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)
W. Scott Jardine, Esq.
First Trust Portfolios L.P.
1001 Warrenville Road, Suite 300
LISLE, IL 60532
--------------------------------------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code: (630) 241-4141
---------------
Date of fiscal year end: DECEMBER 31
------------
Date of reporting period: SEPTEMBER 30, 2006
-------------------
Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. ss. 3507.
ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS
SEPTEMBER 30, 2006 (UNAUDITED)
PRINCIPAL MARKET
VALUE VALUE
(LOCAL CURRENCY) DESCRIPTION (US DOLLARS)
---------------- ------------------------------------------------------- ------------
BONDS AND NOTES + - 139.9%
ARGENTINA - 8.0%
2,300,000 Banco Hipotecario SA (USD), 9.75%, 4/27/16 ............ $ 2,331,556
4,000,000 Banco Hipotecario SA (USD), 9.75%, 11/16/10 ........... 4,132,160
11,000,000 Province of Buenos Aires (USD), 2.00%, 5/15/35 ++ ..... 4,835,600
51,353,448 Republic of Argentina (USD), Zero coupon, 12/15/35 .... 5,056,679
10,234,954 Republic of Argentina (USD), 8.28%, 12/31/33 .......... 9,876,731
------------
26,232,726
------------
AUSTRALIA - 5.6%
11,000,000 Australian Government (AUD), 6.00%, 2/15/17 ........... 8,518,086
5,000,000 New South Wales Treasury Corp. (AUD), 8.00%, 3/01/08 .. 3,823,405
8,100,000 Queensland Treasury (AUD), 6.00%, 10/14/15 ............ 6,148,495
------------
18,489,986
------------
BRAZIL - 13.5%
10,000,000 Banco Bradesco SA (BRL), 17.50%, 12/10/07 ............. 4,783,148
4,000,000 Banco do Brasil SA (USD), 7.95%, 1/23/49** ............ 4,040,000
5,750,000 Brazil Citigroup (BRL), 15.00%, 7/02/10 ............... 2,873,440
5,000,000 Brazil NTN - B Note (BRL), 6.00%, 8/15/10 ............. 3,281,409
36,300,000 Brazil NTN - F Note (BRL), 10.00%, 1/01/12 ............ 14,226,818
29,603,000 Electropaulo Metropolitan (BRL), 19.13%, 6/28/10 ...... 15,044,527
------------
44,249,342
------------
CANADA - 10.9%
13,400,000 Canadian Government (CAD), 6.00%, 6/01/08 ............. 12,380,989
7,000,000 Canadian Government (CAD), 5.25%, 6/01/13 ............. 6,741,731
15,000,000 Province of Manitoba (NZD), 6.38%, 9/01/15 ............ 9,713,033
10,965,000 Province of Ontario (NZD), 6.25%, 6/16/15 ............. 6,991,232
------------
35,826,985
------------
COLOMBIA - 5.3%
14,113,000,000 Republic of Colombia (COP), 11.75%, 3/01/10 ........... 6,311,678
12,973,000,000 Republic of Colombia (COP), 12.00%, 10/22/15 .......... 6,241,105
4,600,000 Republic of Colombia (USD), 7.38%, 1/27/17 ............ 4,764,680
------------
17,317,463
------------
DOMINICAN REPUBLIC - 3.3%
2,513,847 Dominican Republic (USD), 9.04%, 1/23/18 .............. 2,809,224
7,350,000 Dominican Republic (USD), 8.63%, 4/20/27 .............. 7,938,000
------------
10,747,224
------------
EL SALVADOR - 1.5%
4,620,000 Republic of El Salvador (USD), 7.65%, 6/15/35 ......... 4,980,360
------------
GERMANY - 5.8%
4,600,000 KfW Bankengruppe (GBP), 4.75%, 12/07/10 ............... 8,527,438
3,650,000 KfW International Finance (CAD), 4.95%, 10/14/14 ...... 3,404,412
11,000,000 KfW Kredit Wiederaufbau (NZD), 6.00%, 7/15/09 ......... 7,005,441
------------
18,937,291
------------
See Notes to Quarterly Portfolio of Investments. Page 1
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
SEPTEMBER 30, 2006 (UNAUDITED)
PRINCIPAL MARKET
VALUE VALUE
(LOCAL CURRENCY) DESCRIPTION (US DOLLARS)
---------------- ---------------------------------------------------------- ------------
BONDS AND NOTES + - CONTINUED
INDONESIA - 4.4%
90,400,000,000 Indonesian Government (IDR), 12.50%, 3/15/13 ............. $ 10,543,786
25,300,000,000 Indonesian Government (IDR), 11.00%, 10/15/14 ............ 2,761,356
11,500,000,000 Indonesian Government (IDR), 11.00%, 12/15/12 ............ 1,255,326
------------
14,560,468
------------
IRELAND - 2.8%
119,400,000 Dali Capital PLC (RUB), 7.00%, 4/13/09. .................. 4,523,909
120,176,658 Red Arrow International Leasing PLC (RUB), 8.38%, 3/31/12 4,631,842
------------
9,155,751
------------
KAZAKHSTAN - 3.8%
4,300,000 BTA Finance Luxembourg (USD), 8.25%, 1/29/49 ++ .......... 4,074,026
6,000,000 Kazkommerts International BV (USD), 7.88%, 4/07/14 ....... 6,082,980
2,300,000 TuranAlem Finance BV (USD), 8.00%, 3/24/14 ............... 2,303,291
------------
12,460,297
------------
MEXICO - 7.1%
187,000,000 Mexican Fixed Rate Bonds (MXN), 8.00%, 12/07/23 .......... 16,274,477
71,355,100 Mexican Fixed Rate Bonds (MXN), 9.50%, 12/18/14 .......... 6,977,794
------------
23,252,271
------------
MULTINATIONAL - 16.1%
17,600,000 Asian Development Bank (AUD), 5.50%, 2/15/16 ............. 12,805,067
8,540,000 Council of Europe (AUD), 5.50%, 8/15/08 .................. 6,300,770
4,400,000 European Investment Bank (GBP), 7.63%, 12/07/07 .......... 8,482,629
18,800,000 European Investment Bank (NZD), 6.50%, 9/10/14 ........... 12,195,218
2,000,000 European Investment Bank (TRY), 14.50%, 2/21/07 .......... 1,289,402
12,000,000 International Bank Reconstruction & Development (NZD),
6.38%, 7/15/09 ........................................ 7,695,075
2,240,000 Nordic Investment Bank (GBP), 5.75%, 11/06/08 ............ 4,249,035
------------
53,017,196
------------
NETHERLANDS - 4.9%
4,900,000 Bank Nederlandse Gemeenten NV (GBP), 4.63%, 12/07/06 ..... 9,162,632
11,000,000 Bank Nederlandse Gemeenten NV (NZD), 5.25%, 6/17/09 ...... 6,862,399
------------
16,025,031
------------
NORWAY - 6.8%
11,000,000 Eksportsfinans (TRY), 14.63%, 3/15/07 .................... 7,055,035
11,300,000 Kommunalbanken (TRY), 14.75%, 2/09/09 .................... 6,944,147
4,500,000 Kommunalbanken AS (GBP), 4.75%, 1/28/10 .................. 8,349,600
------------
22,348,782
------------
PAKISTAN - 1.5%
5,000,000 Islamic Republic of Pakistan (USD), 7.88%, 3/31/36 ....... 4,845,895
------------
PERU - 4.9%
13,900,000 Peru Bono Soberano (PEN), 7.84%, 8/12/20 ................. 4,712,058
16,750,000 Peru Bono Soberano (PEN), 9.91%, 5/05/15 ................. 6,423,637
4,000,000 Republic of Peru (USD), 9.88%, 2/06/15 ................... 4,970,000
------------
16,105,695
------------
Page 2 See Notes to Quarterly Portfolio of Investments.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
SEPTEMBER 30, 2006 (UNAUDITED)
PRINCIPAL MARKET
VALUE VALUE
(LOCAL CURRENCY) DESCRIPTION (US DOLLARS)
---------------- ------------------------------------------------------ -------------
BONDS AND NOTES + - CONTINUED
PHILIPPINES - 2.4%
6,400,000 Republic of Philippines (USD), 9.50%, 2/02/30 ........ $ 7,895,040
-------------
RUSSIA - 9.6%
8,550,000 Alfa MTN Issuance Ltd. (USD), 7.88%, 10/10/09 ........ 8,550,000
9,400,000 Evraz Group SA (USD), 8.25%, 11/10/15 ................ 9,459,474
8,600,000 Russian Standard Bank (USD), 8.88%, 12/16/15 ++ ...... 8,599,149
4,800,000 UBS Luxembourg (Vimpelcom) (USD), 8.00%, 2/11/10 ..... 4,926,960
-------------
31,535,583
-------------
SPAIN - 2.5%
11,500,000 Instituto de Credito Oficial (AUD), 5.50%, 10/11/12 .. 8,348,991
-------------
TURKEY - 4.5%
8,100,000 Republic of Turkey (USD), 11.75%, 6/15/10 ............ 9,527,220
9,300,000 Turkey, Government of (TRY), 14.00%, 1/19/11 ......... 5,204,193
-------------
14,731,413
-------------
UNITED KINGDOM - 6.8%
4,900,000 EX-IM Bank of Ukraine (USD), 7.65%, 9/07/11 .......... 4,909,555
3,100,000 United Kingdom Treasury (GBP), 5.75%, 12/07/09 ....... 5,968,788
3,100,000 United Kingdom Treasury (GBP), 5.00%, 3/07/08 ........ 5,813,426
3,000,000 United Kingdom Treasury (GBP), 7.25%, 12/07/07 ....... 5,763,356
-------------
22,455,125
-------------
UNITED STATES - 0.4%
2,000,000 General Electric Capital Corp. (TRY), 12.25%, 8/10/09 1,144,206
-------------
URUGUAY - 4.4%
4,200,000 Oriental Republic of Uruguay (USD), 7.63%, 3/21/36 ... 4,232,970
138,620,000 Oriental Republic of Uruguay (UYU), 5.00%, 9/14/18 ... 5,977,752
4,100,000 Republic of Uruguay (USD), 8.00%, 11/18/22 ........... 4,361,785
-------------
14,572,507
-------------
VENEZUELA - 3.1%
3,430,000 Republic of Venezuela (USD), 5.75%, 2/26/16 .......... 3,155,085
5,700,000 Republic of Venezuela (USD), 9.38%, 1/13/34 .......... 7,038,645
-------------
10,193,730
-------------
TOTAL BONDS AND NOTES + .............................. 459,429,358
(Cost $455,506,753) -------------
TOTAL INVESTMENTS - 139.9% ........................... 459,429,358
(Cost $455,506,753)*
LOANS OUTSTANDING - (45.8)% .......................... (150,521,424)
NET OTHER ASSETS AND LIABILITIES - 5.9% .............. 19,416,651
-------------
NET ASSETS - 100.0% .................................. $ 328,324,585
=============
--------------------------------------------------------------------------------
* Aggregate cost for federal income tax and financial reporting
purposes.
** Securities are restricted and cannot be offered for public sale
without first being registered under the Securities Act of 1933, as
amended. Prior to registration, restricted securities may only be
resold in transactions exempt from registration to qualified
institutional buyers. At September 30, 2006, these securities
amounted to $ 4,040,000 or 1.23% of net assets. Market value is
determined in accordance with procedures adopted by the Board of
Trustees. (Note 1F).
See Notes to Quarterly Portfolio of Investments. Page 3
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
SEPTEMBER 30, 2006 (UNAUDITED)
+ Portfolio securities are included in a country based upon their
underlying credit exposure as determined by Aberdeen Asset
Management Inc. - the Sub-Advisor.
++ Variable rate security. The interest rate shown reflects the rate in
effect at September 30, 2006.
AUD Australian Dollar
BRL Brazilian Real
CAD Canadian Dollar
COP Colombian Peso
GBP British Pound Sterling
IDR Indonesian Rupiah
KRW South Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
NOK Norwegian Krone
NZD New Zealand Dollar
PEN Peruvian New Sol
RUB Russian Rouble
SEK Swedish Krona
SGD Singapore Dollar
TRY Turkish Lira
USD United States Dollar
UYU Uruguayan Peso
Page 4 See Notes to Quarterly Portfolio of Investments.
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SCHEDULE OF FORWARD FOREIGN CURRENCY CONTRACTS
SEPTEMBER 30, 2006 (UNAUDITED)
FORWARD FOREIGN CURRENCY CONTRACTS TO BUY
CONTRACTS TO RECEIVE
-----------------------------------------------
NET NET
UNREALIZED UNREALIZED
IN APPRECIATION DEPRECIATION
EXPIRATION LOCAL VALUE IN EXCHANGE OF CONTRACTS OF CONTRACTS
DATE CURRENCY* US DOLLARS US DOLLARS US DOLLARS US DOLLARS
---------- -------------------- ----------- ----------- ------------- ------------
12/19/06 BRL 22,000,000 $ 9,959,300 $10,043,369 $ -- $ (84,069)
12/19/06 KRW 14,340,000,000 15,185,852 15,023,573 162,279 --
12/19/06 MYR 35,184,000 9,578,032 9,623,632 -- (45,600)
12/19/06 NOK 101,402,400 15,608,619 15,583,199 25,420 --
12/19/06 SEK 110,368,500 15,149,543 15,294,334 -- (144,791)
12/19/06 SGD 43,201,714 27,315,467 27,296,832 18,635 --
12/19/06 TRY 26,500,000 16,939,194 17,232,215 -- (293,021)
------------- ------------
$ 206,334 $ (567,481)
============= ============
FORWARD FOREIGN CURRENCY CONTRACTS TO SELL
CONTRACTS TO DELIVER
-----------------------------------------------
NET NET
UNREALIZED UNREALIZED
IN APPRECIATION DEPRECIATION
EXPIRATION LOCAL VALUE IN EXCHANGE OF CONTRACTS OF CONTRACTS
DATE CURRENCY* US DOLLARS US DOLLARS US DOLLARS US DOLLARS
---------- -------------------- ----------- ----------- ------------- -------------
12/19/06 AUD 62,000,000 $46,126,927 $46,558,156 $ 431,229 $ --
12/19/06 BRL 63,000,000 28,519,812 28,760,557 240,745 --
12/19/06 CAD 25,000,000 22,421,806 22,357,760 -- (64,046)
12/19/06 COP 31,000,000,000 12,842,687 12,788,778 -- (53,909)
12/19/06 IDR 33,800,000,000 3,622,975 3,621,558 -- (1,417)
12/19/06 MXN 78,900,000 7,146,088 7,200,485 54,397 --
12/19/06 NZD 79,400,000 51,577,573 52,430,123 852,550 --
12/19/06 TRY 26,500,000 16,939,194 17,481,745 542,551 --
------------- ------------
$ 2,121,472 $ (119,372)
------------- ------------
Unrealized Appreciation/(Depreciation) of Forward
Foreign Currency Contracts .................................. 2,327,806 (686,853)
============= ============
Net Unrealized Appreciation of Forward Foreign Currency
Contracts $ 1,640,953
============
* Please see page 4 for currency descriptions.
See Notes to Quarterly Portfolio of Investments. Page 5
--------------------------------------------------------------------------------
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (UNAUDITED)
--------------------------------------------------------------------------------
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SEPTEMBER 30, 2006
1. VALUATION AND INVESTMENT PRACTICES
A. PORTFOLIO VALUATION:
The net asset value ("NAV") of the Common Shares of the First Trust/Aberdeen
Global Opportunity Income Fund (the "Fund") is computed based upon the value of
the Fund's portfolio and other assets less any accrued liabilities. The NAV is
determined as of the close of regular trading on the New York Stock Exchange
("NYSE"), normally 4:00 p.m. Eastern Time, on each day the NYSE is open for
trading. Domestic debt securities and foreign securities are generally priced
using data reflecting the earlier closing of the principal markets for those
securities. The Fund calculates NAV per Common Share by subtracting the Fund's
liabilities (including accrued expenses, dividends payable and any borrowings of
the Fund) from the Fund's Total Assets (the value of the securities and other
investments the Fund holds plus cash or other assets, including interest accrued
but not yet received and dividing the result by the total number of Common
Shares outstanding.
The Fund's investments are valued daily at market value, or in the absence of
market value, with respect to any portfolio securities, at fair value according
to procedures adopted by the Fund's Board of Trustees. A majority of the Fund's
assets are valued using market information supplied by third parties. In
addition, structured products, including currency-linked notes and credit-linked
notes, as well as interest rate swaps and credit default swaps, are valued using
a pricing service or quotes provided by the selling dealer or financial
institution. In the event that market quotations are not readily available, the
pricing service does not provide a valuation for a particular asset, or the
valuations are deemed unreliable, or if events occurring after the close of the
principal markets for particular securities (e.g., domestic debt and foreign
securities), but before the Fund values its assets, would materially affect NAV,
First Trust Advisors L.P. may use a fair value method to value the Fund's
securities and investments. The use of fair value pricing by the Fund is
governed by valuation procedures adopted by the Fund's Board of Trustees and is
in accordance with the provisions of the Investment Company Act of 1940, as
amended.
Foreign securities traded outside the United States are generally valued as of
the time their trading is complete, which is usually different from the close of
the NYSE. Occasionally, events affecting the value of such securities may occur
between such times and the close of the NYSE that will not always be reflected
in such securities' value. If events materially affecting the value of such
securities occur during such period, these securities will be valued at their
fair value according to procedures adopted by the Fund's Board of Trustees. All
securities and other assets of the Fund denominated in foreign currencies will
be converted to U.S. dollars using exchange rates in effect at the time of
valuation.
B. FORWARD FOREIGN CURRENCY CONTRACTS:
Forward foreign currency contracts are agreements to exchange one currency for
another at a future date and at a specified price. The Fund may use forward
foreign currency contracts to facilitate transactions in foreign securities and
to manage the Fund's foreign currency exposure. These contracts are valued
daily, and the Fund's net equity therein, representing unrealized gain or loss
on the contracts as measured by the difference between the forward foreign
exchange rates at the dates of entry into the contracts and the forward rates at
the reporting date, is included in "Net Other Assets and Liabilities" on the
Portfolio of Investments. Risks arise from the possible inability of
counterparties to meet the terms of their contracts and from movement in
currency and securities values and interest rates. Due to the risks, the Fund
could incur losses up to the entire contract amount, which may exceed the net
unrealized value shown in the Schedule of Forward Foreign Currency Contracts.
C. SECURITIES TRANSACTIONS:
Securities transactions are recorded as of the trade date. Realized gains and
losses from securities transactions are recorded on the identified cost basis.
Securities purchased or sold on a when-issued or delayed-delivery basis may be
settled a month or more after the trade date; interest income on such securities
is not accrued until settlement date. The Fund maintains liquid assets with a
current value at least equal to the amount of its when-issued or
delayed-delivery purchase commitments.
D. FOREIGN CURRENCY:
The books and records of the Fund are maintained in U.S. dollars. Foreign
currencies, investments and other assets and liabilities are translated into
U.S. dollars at the exchange rates prevailing at the end of the period.
Purchases and sales of investment securities are translated on the respective
dates of such transactions. Net realized foreign currency gains and losses
include the effect of changes in exchange rates between trade date and
settlement date on investment security and foreign currency transactions.
Page 6
--------------------------------------------------------------------------------
NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (UNAUDITED) (CONTINUED)
--------------------------------------------------------------------------------
FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
SEPTEMBER 30, 2006
E. CREDIT DEFAULT SWAPS:
The Fund has entered into credit default swap contracts where the Fund is the
"buyer" and the counterparty is the "seller." As a buyer of the credit default
swap contracts, the Fund is obligated to pay the counterparty a periodic stream
of payments over the term of the contract provided that no event of default
(e.g., grace period extension, obligation acceleration, repudiation/moratorium,
or restructuring) relating to the security occurs or until the termination of
the swap contract, whichever is first. If no event of default occurs, the Fund
will have made a series of periodic payments and recover nothing of monetary
value. If an event of default occurs, the counterparty must pay the Fund the
full notional value, or "par value," of the specified security. The amount of
the cash payment from the counterparty to the Fund is based on the difference of
the par value of the specified security that may have, through default, lost
some, most or all of its value.
The Fund purchases credit default swap contracts in order to hedge against the
risk of a fall in the capital price, or default, of debt securities it holds.
This involves the risk that the swap may expire worthless and the credit risk
that the seller may fail to satisfy the payment obligations to the Fund in the
event of a default. The Fund may only enter into such transactions with
counterparties rated A- or higher.
As of September 30, 2006, the Fund had no outstanding credit default swap
contracts.
F. RESTRICTED SECURITIES:
The Fund may invest in restricted securities, which are defined as securities
that may not be offered for public sale without first being registered under the
Securities Act of 1933, as amended. Prior to registration, restricted securities
may only be resold in transactions exempt from registration. As of September 30,
2006, the Fund held restricted securities as shown in the following table. The
Fund does not have the right to demand that such securities be registered. These
securities are valued according to the valuation procedures as stated in the
Portfolio Valuation footnote (Note 1A) and are not expressed as a discount to
the carrying value of a comparable unrestricted security.
PAR VALUE CARRYING COST
ACQUISITION (LOCAL CARRYING VALUE PER UNIT AT MARKET % OF
SECURITY DATE CURRENCY) PER UNIT ACQUISITION DATE VALUE NET ASSETS
------------------------ ----------- ------------ -------------- ----------------- ------------- ----------
Banco do Brasil SA (USD) 1/13/06 $ 4,000,000 $ 101.00 $ 100.00 $ 4,040,000 1.23%
2. UNREALIZED APPRECIATION/(DEPRECIATION)
As of September 30, 2006, the aggregate gross unrealized appreciation for all
securities in which there was an excess of value over tax cost was $13,159,734
and the aggregate gross unrealized depreciation for all securities in which
there was an excess of tax cost over value was $9,237,129.
Page 7
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive and principal financial officers,
or persons performing similar functions, 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") (17 CFR 270.30a-3(c))) are effective, as of a date within
90 days of the filing date of the report that includes the disclosure
required by this paragraph, based on their evaluation of these controls
and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR
270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities
Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or
240.15d-15(b)).
(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 (17
CFR 270.30a-3(d)) that occurred during the registrant's last fiscal
quarter that have materially affected, or are reasonably likely to
materially affect, the registrant's internal control over financial
reporting.
ITEM 3. EXHIBITS.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 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.
(Registrant) FIRST TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND
By (Signature and Title)* /S/ JAMES A. BOWEN
-------------------------------------------------------
James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)
Date NOVEMBER 29, 2006
----------------------------------------------------------------------------
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 (Signature and Title)* /S/ JAMES A. BOWEN
-------------------------------------------------------
James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)
Date NOVEMBER 29, 2006
----------------------------------------------------------------------------
By (Signature and Title)* /S/ MARK R. BRADLEY
-------------------------------------------------------
Mark R. Bradley, Treasurer, Controller, Chief Financial
Officer and Chief Accounting Officer
(principal financial officer)
Date NOVEMBER 29, 2006
----------------------------------------------------------------------------
* Print the name and title of each signing officer under his or her signature.