Strategic Global Income Fund Inc. announces revised asset allocation for October 31, 1994

Business Wire, Nov 28, 1994

NEW YORK--(BUSINESS WIRE)--Nov. 28, 1994--Following are the revisions made to the Cash and Cash Equivalents figures. Total Cash and Cash Equivalents revised from 27.0% to 2.7% -0-

                                    Bonds    Equivalents    Holdings
European Currency
 Denominated Instruments:
  Spain                             10.3%        0.0%       10.3%
  Germany                            7.0%        2.1%        9.1%
  United Kingdom                     5.0%        0.0%        5.0%
  Other                             19.7%        0.5%       20.2%
                                    42.0%        2.6%       44.6%

Australia, Canada and New Zealand   15.8%        0.1%       15.9%
Emerging Market Currency
 Denominated Instrument              0.8%        0.0%        0.8%

Total Foreign Currency              58.6%        2.7%       61.3%
Currency Hedges                                             32.4%
Net Currency Exposure                                       28.9%

U.S.$ Denominated Instruments
 Emerging Market Securities
  Mexico                            11.2%        0.0%       11.2%
  Brazil                             5.6%        0.0%        5.6%
  Argentina                          4.7%        0.0%        4.7%
  Other                             11.1%        0.0%       11.1%
                                    32.6%        0.0%       32.6%
  Cash and Money
   Market Instruments                0.0%        6.1%        6.1%
Total U.S. $                        32.6%        6.1%       38.7%

Total Net Assets                    91.2%        8.8%      100.0%

Average Dollar Weighted Maturity             10.2 years

-0- All information above is unaudited. Information prepared by Mitchell Hutchins Asset Management Inc.

CONTACT: Strategic Global Income Fund, Inc., New York

Mike D'Bramo, 201/902-5554