Edgar Filing: WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

Western Asset Global High Income Fund Inc.

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 811-21337

Western Asset Global High Income Fund Inc.

(Exact name of registrant as specified in charter)

620 Eighth Avenue, 49^th Floor, New York, NY 10018

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

100 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-(888) 721-0102

Date of fiscal year end: May 31

Date of reporting period: August 31, 2015

ITEM 1.

SCHEDULE OF INVESTMENTS.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

FORM N-Q

AUGUST 31, 2015

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 103.9%
CONSUMER DISCRETIONARY - 12.7%
Auto Components - 0.1%
Europcar Groupe SA, Secured Notes		5.750	%		6/15/22		460,000	^EUR	$	532,320	^(a)

Automobiles - 0.2%
Chrysler Group LLC/CG Co.-Issuer Inc., Secured Notes		8.250	%		6/15/21		690,000			741,888	^(b)

Diversified Consumer Services - 0.5%
Co-operative Group Holdings 2011 Ltd., Senior Notes		6.875	%		7/8/20		100,000	^GBP		164,110	^(c)
Co-operative Group Holdings 2011 Ltd., Senior Notes		7.500	%		7/8/26		260,000	^GBP		432,280
Service Corp. International, Senior Notes		7.625	%		10/1/18		185,000			208,125	^(b)
Service Corp. International, Senior Notes		7.500	%		4/1/27		480,000			556,570	^(b)
StoneMor Partners LP/Cornerstone Family Services of WV, Senior Bonds		7.875	%		6/1/21		500,000			517,500	^(b)

Total Diversified Consumer Services										1,878,585

Hotels, Restaurants & Leisure - 3.0%
Bossier Casino Venture Holdco Inc., Senior Secured Bonds		14.000	%		2/9/18		650,000			611,975	^(a)(d)(e)(f)
Carrols Restaurant Group Inc., Secured Notes		8.000	%		5/1/22		520,000			549,900
CCM Merger Inc., Senior Notes		9.125	%		5/1/19		940,000			1,005,800	^(a)
CEC Entertainment Inc., Senior Notes		8.000	%		2/15/22		2,020,000			2,030,100
Choctaw Resort Development Enterprise, Senior Notes		7.250	%		11/15/19		482,000			479,590	^(a)
Downstream Development Authority of the Quapaw Tribe of Oklahoma, Senior Secured Notes		10.500	%		7/1/19		700,000			722,750	^(a)(b)
Enterprise Inns PLC, Senior Secured Bonds		6.500	%		12/6/18		1,095,000	^GBP		1,776,894
Greektown Holdings LLC/Greektown Mothership Corp., Senior Secured Notes		8.875	%		3/15/19		620,000			651,000	^(a)(b)
Landry’s Holdings II Inc., Senior Notes		10.250	%		1/1/18		420,000			435,750	^(a)
Landry’s Inc., Senior Notes		9.375	%		5/1/20		1,934,000			2,076,632	^(a)(b)

Total Hotels, Restaurants & Leisure										10,340,391

Household Durables - 1.3%
Century Intermediate Holding Co. 2, Senior Notes		9.750	%		2/15/19		1,020,000			1,062,075	^(a)(b)(d)
Shea Homes LP/Shea Homes Funding Corp., Senior Notes		6.125	%		4/1/25		850,000			873,375	^(a)(b)
William Lyon Homes Inc., Senior Notes		8.500	%		11/15/20		830,000			900,550	^(b)
William Lyon Homes Inc., Senior Notes		7.000	%		8/15/22		630,000			653,625	^(b)
Woodside Homes Co., LLC/Woodside Homes Finance Inc., Senior Notes		6.750	%		12/15/21		1,050,000			976,500	^(a)(b)

Total Household Durables										4,466,125

Media - 5.8%
AMC Entertainment Inc., Senior Subordinated Notes		5.750	%		6/15/25		530,000			528,675
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		7.375	%		6/1/20		260,000			271,700	^(b)
CCO Safari II LLC, Senior Secured Notes		4.908	%		7/23/25		680,000			674,580	^(a)
CCO Safari II LLC, Senior Secured Notes		6.484	%		10/23/45		400,000			407,977	^(a)
Clear Channel Worldwide Holdings Inc., Senior Subordinated Notes		7.625	%		3/15/20		70,000			72,013
CSC Holdings LLC, Senior Debentures		7.875	%		2/15/18		1,500,000			1,642,500	^(b)
DISH DBS Corp., Senior Notes		7.875	%		9/1/19		920,000			999,488	^(b)
DISH DBS Corp., Senior Notes		6.750	%		6/1/21		190,000			191,216	^(b)
DISH DBS Corp., Senior Notes		5.875	%		7/15/22		470,000			445,621
DISH DBS Corp., Senior Notes		5.000	%		3/15/23		590,000			522,522	^(b)
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		1,730,000			1,580,787	^(b)
Gibson Brands Inc., Senior Secured Notes		8.875	%		8/1/18		710,000			678,050	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Media - (continued)
Grupo Televisa SAB, Senior Bonds		6.625	%		1/15/40		20,000		$	22,464
iHeartCommunications Inc., Senior Notes		10.000	%		1/15/18		720,000			525,600
Myriad International Holdings BV, Senior Notes		6.000	%		7/18/20		330,000			356,560	^(a)
New Cotai LLC/New Cotai Capital Corp., Senior Secured Notes		10.625	%		5/1/19		1,026,193			882,526	^(a)(d)
Numericable-SFR SAS, Senior Secured Bonds		6.000	%		5/15/22		1,290,000			1,293,225	^(a)
Numericable-SFR SAS, Senior Secured Bonds		6.250	%		5/15/24		2,100,000			2,104,599	^(a)
Time Warner Cable Inc., Senior Notes		8.750	%		2/14/19		922,000			1,090,354	^(b)
Time Warner Cable Inc., Senior Notes		8.250	%		4/1/19		352,000			412,001
Tribune Media Co., Senior Notes		5.875	%		7/15/22		380,000			383,800	^(a)
TVN Finance Corp. III AB, Senior Notes		7.875	%		11/15/18		150,000	^EUR		174,046	^(a)
UBM PLC, Notes		5.750	%		11/3/20		1,500,000			1,627,110	^(a)(b)
Univision Communications Inc., Senior Notes		8.500	%		5/15/21		710,000			743,810	^(a)
Univision Communications Inc., Senior Secured Notes		6.750	%		9/15/22		81,000			85,961	^(a)
Virgin Media Finance PLC, Senior Notes		6.375	%		4/15/23		1,510,000			1,575,111	^(a)(b)
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		930,000			957,900	^(a)(b)
Virgin Media Finance PLC, Senior Notes		5.750	%		1/15/25		200,000			201,375	^(a)

Total Media										20,451,571

Multiline Retail - 0.2%
Neiman Marcus Group Ltd. LLC, Senior Notes		8.000	%		10/15/21		500,000			530,000	^(a)
Neiman Marcus Group Ltd. LLC, Senior Secured Notes		7.125	%		6/1/28		180,000			180,000	^(b)

Total Multiline Retail										710,000

Specialty Retail - 1.4%
American Greetings Corp., Senior Notes		7.375	%		12/1/21		700,000			739,375	^(b)
Gap Inc., Senior Notes		5.950	%		4/12/21		1,750,000			1,940,004	^(b)
Guitar Center Inc., Senior Secured Bonds		6.500	%		4/15/19		1,830,000			1,725,690	^(a)(b)
Hot Topic Inc., Senior Secured Notes		9.250	%		6/15/21		430,000			436,450	^(a)(b)

Total Specialty Retail										4,841,519

Textiles, Apparel & Luxury Goods - 0.2%
Empire Today LLC/Empire Today Finance Corp., Senior Secured Notes		11.375	%		2/1/17		650,000			578,500	^(a)(b)

TOTAL CONSUMER DISCRETIONARY										44,540,899

CONSUMER STAPLES - 3.1%
Beverages - 0.6%
Carolina Beverage Group LLC/Carolina Beverage Group Finance Inc., Secured Notes		10.625	%		8/1/18		710,000			702,900	^(a)
Cott Beverages Inc., Senior Notes		6.750	%		1/1/20		590,000			613,600
DS Services of America Inc., Secured Notes		10.000	%		9/1/21		630,000			734,737	^(a)(b)

Total Beverages										2,051,237

Food & Staples Retailing - 0.3%
Beverages & More Inc., Senior Secured Notes		10.000	%		11/15/18		990,000			973,913	^(a)

Food Products - 1.4%
BRF SA, Senior Notes		4.750	%		5/22/24		951,000			934,453	^(a)(b)
Dole Food Co. Inc., Senior Secured Notes		7.250	%		5/1/19		370,000			374,625	^(a)
JBS USA LLC/JBS USA Finance Inc., Senior Notes		5.750	%		6/15/25		330,000			320,925	^(a)
Marfrig Holding Europe BV, Senior Notes		8.375	%		5/9/18		200,000			195,500	^(c)
Marfrig Holding Europe BV, Senior Notes		6.875	%		6/24/19		610,000			552,812	^(a)(b)
Marfrig Overseas Ltd., Senior Notes		9.500	%		5/4/20		420,000			426,825	^(a)
Pilgrim’s Pride Corp., Senior Notes		5.750	%		3/15/25		840,000			861,000	^(a)(b)
Simmons Foods Inc., Secured Notes		7.875	%		10/1/21		1,360,000			1,271,600	^(a)

Total Food Products										4,937,740

Household Products - 0.5%
Kronos Acquisition Holdings Inc., Senior Notes		9.000	%		8/15/23		200,000			182,000	^(a)
Spectrum Brands Inc., Senior Notes		6.625	%		11/15/22		350,000			377,556	^(b)
Spectrum Brands Inc., Senior Notes		6.125	%		12/15/24		200,000			209,000	^(a)(b)
Spectrum Brands Inc., Senior Notes		5.750	%		7/15/25		740,000			765,900	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Household Products - (continued)
Sun Products Corp., Senior Notes		7.750	%		3/15/21		170,000	$	153,850	^(a)

Total Household Products									1,688,306

Tobacco - 0.3%
Alliance One International Inc., Secured Notes		9.875	%		7/15/21		1,230,000		1,042,425

TOTAL CONSUMER STAPLES									10,693,621

ENERGY - 20.8%
Energy Equipment & Services - 1.5%
Atwood Oceanics Inc., Senior Notes		6.500	%		2/1/20		520,000		447,200	^(b)
CGG, Senior Notes		6.500	%		6/1/21		550,000		312,125	^(b)
CGG, Senior Notes		6.875	%		1/15/22		420,000		243,600	^(b)
Hercules Offshore Inc., Senior Notes		7.500	%		10/1/21		490,000		112,700	^(a)(b)
Hercules Offshore Inc., Senior Notes		6.750	%		4/1/22		1,110,000		255,300	^(a)(b)
Key Energy Services Inc., Senior Notes		6.750	%		3/1/21		270,000		114,750	^(b)
Parker Drilling Co., Senior Notes		7.500	%		8/1/20		880,000		739,200	^(b)
SESI LLC, Senior Notes		7.125	%		12/15/21		780,000		782,075	^(b)
Sierra Hamilton LLC/Sierra Hamilton Finance Inc., Senior Secured Notes		12.250	%		12/15/18		730,000		503,700	^(a)(b)
Transocean Inc., Senior Notes		6.800	%		3/15/38		2,400,000		1,620,000	^(b)

Total Energy Equipment & Services									5,130,650

Oil, Gas & Consumable Fuels - 19.3%
American Energy-Permian Basin LLC/AEPB Finance Corp., Secured Notes		8.000	%		6/15/20		540,000		491,400	^(a)
Anadarko Petroleum Corp., Senior Notes		6.450	%		9/15/36		50,000		56,449
Apache Corp., Senior Notes		6.000	%		1/15/37		280,000		293,252
Approach Resources Inc., Senior Notes		7.000	%		6/15/21		380,000		256,500	^(b)
Arch Coal Inc., Senior Notes		7.250	%		6/15/21		1,010,000		143,925
Berry Petroleum Co., Senior Notes		6.375	%		9/15/22		410,000		211,150	^(b)
California Resources Corp., Senior Notes		5.500	%		9/15/21		3,550,000		2,770,349	^(b)
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		6.500	%		4/15/21		200,000		190,000
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		7.625	%		1/15/22		520,000		509,600	^(b)
Carrizo Oil & Gas Inc., Senior Notes		7.500	%		9/15/20		620,000		589,000	^(b)
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		380,000		306,850	^(b)
Chesapeake Energy Corp., Senior Notes		6.125	%		2/15/21		1,460,000		1,137,895	^(b)
Colorado Interstate Gas Co., LLC, Senior Notes		6.800	%		11/15/15		160,000		161,799
Comstock Resources Inc., Senior Notes		9.500	%		6/15/20		1,360,000		449,684	^(b)
Comstock Resources Inc., Senior Secured Notes		10.000	%		3/15/20		2,000,000		1,615,000	^(a)(b)
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		1,000,000		842,724	^(b)
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., Senior Notes		6.125	%		3/1/22		800,000		732,000	^(b)
Devon Energy Corp., Debentures		7.950	%		4/15/32		230,000		289,788
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		688,143		742,644	^(c)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		770,000		880,649	^(b)
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		227,000		229,554
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		260,000		210,600
EDC Finance Ltd., Senior Notes		4.875	%		4/17/20		320,000		269,840	^(a)
El Paso Natural Gas Co., Bonds		8.375	%		6/15/32		70,000		81,016
Endeavor Energy Resources LP/EER Finance Inc., Senior Notes		8.125	%		9/15/23		310,000		302,250	^(a)
Enterprise Products Operating LLC, Senior Bonds		6.300	%		9/15/17		550,000		598,740	^(b)
EP Energy LLC/Everest Acquisition Finance Inc., Senior Notes		9.375	%		5/1/20		750,000		730,125	^(b)
Gazprom OAO Via Gaz Capital SA, Loan Participation Notes, Senior Notes		6.510	%		3/7/22		1,860,000		1,826,892	^(a)(b)
Genesis Energy LP/Genesis Energy Finance Corp., Senior Notes		6.750	%		8/1/22		430,000		419,250
GeoPark Latin America Ltd. Agencia en Chile, Senior Secured Notes		7.500	%		2/11/20		420,000		294,000	^(a)
Globe Luxembourg SCA, Senior Secured Notes		9.625	%		5/1/18		3,530,000		2,929,900	^(a)(b)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		644,000		630,350	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - (continued)
Halcon Resources Corp., Secured Notes		8.625	%		2/1/20		1,640,000	$	1,445,250	^(a)
Halcon Resources Corp., Senior Notes		9.750	%		7/15/20		1,910,000		706,700
Halcon Resources Corp., Senior Notes		8.875	%		5/15/21		1,420,000		475,700
Kerr-McGee Corp., Notes		6.950	%		7/1/24		920,000		1,087,390	^(b)
Kinder Morgan Inc., Medium-Term Notes		7.750	%		1/15/32		1,260,000		1,357,878	^(b)
Linn Energy LLC/Linn Energy Finance Corp., Senior Notes		8.625	%		4/15/20		1,500,000		611,250	^(b)
Linn Energy LLC/Linn Energy Finance Corp., Senior Notes		6.500	%		9/15/21		2,000,000		775,000	^(b)
Lonestar Resources America Inc., Senior Notes		8.750	%		4/15/19		290,000		204,450	^(a)
LUKOIL International Finance BV, Bonds		6.356	%		6/7/17		1,542,000		1,606,147	^(a)(b)
LUKOIL International Finance BV, Bonds		6.656	%		6/7/22		496,000		500,067	^(c)
Magnum Hunter Resources Corp., Senior Notes		9.750	%		5/15/20		1,930,000		1,336,525
MEG Energy Corp., Senior Notes		7.000	%		3/31/24		920,000		752,100	^(a)
Milagro Oil & Gas Inc., Secured Notes		10.500	%		5/15/16		900,000		283,500	^*(e)(g)
Murray Energy Corp., Senior Secured Notes		11.250	%		4/15/21		5,420,000		2,533,850	^(a)(b)
Natural Resource Partners LP/Natural Resource Partners Finance Corp., Senior Notes		9.125	%		10/1/18		810,000		601,425	^(b)
New Gulf Resources LLC/NGR Finance Corp., Senior Secured Notes		12.250	%		5/15/19		180,000		54,900
Oasis Petroleum Inc., Senior Notes		6.500	%		11/1/21		260,000		210,600
Oasis Petroleum Inc., Senior Notes		6.875	%		3/15/22		540,000		450,900
Oleoducto Central SA, Senior Notes		4.000	%		5/7/21		480,000		465,600	^(a)(b)
ONGC Videsh Ltd., Senior Notes		4.625	%		7/15/24		360,000		369,545	^(c)
Pacific Exploration and Production Corp., Senior Notes		5.375	%		1/26/19		870,000		478,500	^(a)(b)
Pacific Exploration and Production Corp., Senior Notes		7.250	%		12/12/21		780,000		425,100	^(b)(c)
Pacific Exploration and Production Corp., Senior Notes		5.125	%		3/28/23		900,000		454,500	^(a)(b)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		283,000		287,953	^(a)
Petrobras Global Finance BV, Senior Notes		4.375	%		5/20/23		1,050,000		827,610
Petrobras Global Finance BV, Senior Notes		7.250	%		3/17/44		1,300,000		1,053,000	^(b)
Petrobras Global Finance BV, Senior Notes		6.850	%		6/5/2115		700,000		528,430
Petroleos de Venezuela SA, Senior Bonds		6.000	%		5/16/24		2,750,000		948,750	^(c)
Petroleos de Venezuela SA, Senior Notes		5.250	%		4/12/17		120,000		51,288	^(c)
Petroleos de Venezuela SA, Senior Notes		8.500	%		11/2/17		2,641,000		1,821,762	^(c)
Petroleos Mexicanos, Senior Bonds		6.625	%		6/15/35		3,387,000		3,469,981	^(b)
Petroleos Mexicanos, Senior Notes		8.000	%		5/3/19		1,650,000		1,901,872	^(b)
Petroleos Mexicanos, Senior Notes		5.500	%		1/21/21		970,000		1,042,750	^(b)
Petroleos Mexicanos, Senior Notes		5.500	%		6/27/44		1,220,000		1,061,705	^(b)
Petroleos Mexicanos, Senior Notes		6.375	%		1/23/45		644,000		630,991
Petroleos Mexicanos, Senior Notes		5.625	%		1/23/46		420,000		375,375	^(a)
Petroleum Co. of Trinidad & Tobago Ltd., Senior Notes		9.750	%		8/14/19		870,000		978,750	^(a)(b)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		885,000		963,177	^(a)(b)
PT Pertamina Persero, Senior Notes		5.250	%		5/23/21		1,040,000		1,050,400	^(a)
PT Pertamina Persero, Senior Notes		4.300	%		5/20/23		560,000		518,728	^(a)
Puma International Financing SA, Senior Bonds		6.750	%		2/1/21		1,630,000		1,647,979	^(a)
Quicksilver Resources Inc., Senior Notes		11.000	%		7/1/21		700,000		47,250	^*(g)
Rice Energy Inc., Senior Notes		7.250	%		5/1/23		360,000		336,600	^(a)
Rosneft Finance SA, Senior Notes		6.625	%		3/20/17		300,000		308,439	^(c)
Rosneft Finance SA, Senior Notes		7.875	%		3/13/18		650,000		681,374	^(a)(b)
RSP Permian Inc., Senior Notes		6.625	%		10/1/22		1,430,000		1,408,550	^(a)(b)
Samson Investment Co., Senior Notes		9.750	%		2/15/20		750,000		2,813	*^(g)
Sanchez Energy Corp., Senior Notes		7.750	%		6/15/21		2,760,000		2,346,000	^(b)
Shelf Drilling Holdings Ltd., Senior Secured Notes		8.625	%		11/1/18		510,000		395,250	^(a)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		4/10/24		1,260,000		1,317,378	^(a)(b)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		560,000		533,400	^(a)(b)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		200,000		190,500	^(c)
Whiting Canadian Holding Co. ULC, Senior Notes		8.125	%		12/1/19		770,000		743,050	^(b)
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		486,000		561,313	^(b)
WPX Energy Inc., Senior Notes		7.500	%		8/1/20		110,000		106,192

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Oil, Gas & Consumable Fuels - (continued)
WPX Energy Inc., Senior Notes		8.250	%		8/1/23		330,000		$	318,450
YPF SA, Senior Notes		8.500	%		7/28/25		920,000			864,800	^(a)

Total Oil, Gas & Consumable Fuels										67,701,912

TOTAL ENERGY										72,832,562

FINANCIALS - 19.8%
Banks - 12.3%
Banco Bilbao Vizcaya Argentaria Colombia SA, Subordinated Notes		4.875	%		4/21/25		330,000			320,595	^(a)
Bank of America Corp., Junior Subordinated Notes		6.500	%		10/23/24		620,000			639,375	^(b)(h)(i)
Bank of America Corp., Senior Notes		5.650	%		5/1/18		490,000			533,628
Bank of America Corp., Senior Notes		7.625	%		6/1/19		1,480,000			1,751,010	^(b)
Barclays Bank PLC, Subordinated Notes		10.179	%		6/12/21		2,050,000			2,712,857	^(a)(b)
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		5,000,000			5,709,375
Barclays PLC, Junior Subordinated Bonds		8.250	%		12/15/18		220,000			233,804	^(h)(i)
BBVA Banco Continental SA, Subordinated Notes		5.250	%		9/22/29		160,000			159,800	^(a)(i)
BNP Paribas SA, Junior Subordinated Notes		7.375	%		8/19/25		360,000			369,090	^(a)(h)(i)
Citigroup Inc., Senior Notes		8.500	%		5/22/19		2,000,000			2,417,042	^(b)
Credit Agricole SA, Junior Subordinated Notes		8.375	%		10/13/19		870,000			999,412	^(a)(b)(h)(i)
Credit Agricole SA, Junior Subordinated Notes		7.875	%		1/23/24		1,000,000			1,021,156	^(a)(h)(i)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		9/17/24		1,870,000			1,851,300	^(h)(i)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		3/30/25		1,400,000			1,394,750	^(h)(i)
Industrial & Commercial Bank of China Ltd., Senior Notes		3.231	%		11/13/19		410,000			416,445	^(b)
Intesa Sanpaolo SpA, Subordinated Bonds		5.017	%		6/26/24		2,260,000			2,212,906	^(a)(b)
Itau Unibanco Holding SA, Senior Notes		2.850	%		5/26/18		700,000			681,450	^(a)
JPMorgan Chase & Co., Junior Subordinated Bonds		6.000	%		8/1/23		4,280,000			4,247,900	^(b)(h)(i)
JPMorgan Chase & Co., Junior Subordinated Notes		6.100	%		10/1/24		2,000,000			1,999,360	^(b)(h)(i)
M&T Bank Corp., Junior Subordinated Bonds		6.875	%		6/15/16		1,880,000			1,903,500	^(b)(h)
Novo Banco SA, Senior Notes		5.875	%		11/9/15		200,000	^EUR		224,648	^(c)
Royal Bank of Scotland Group PLC, Junior Subordinated Bonds		7.648	%		9/30/31		460,000			577,300	^(b)(h)(i)
Royal Bank of Scotland Group PLC, Subordinated Notes		6.100	%		6/10/23		2,920,000			3,140,025	^(b)
Royal Bank of Scotland NV, Subordinated Bonds		7.750	%		5/15/23		340,000			394,973	^(b)
Royal Bank of Scotland PLC, Subordinated Notes		13.125	%		3/19/22		1,280,000	^AUD		1,021,448	^(c)(i)
Santander Issuances SAU, Notes		5.911	%		6/20/16		600,000			616,242	^(a)(b)
Sberbank of Russia Via SB Capital SA, Subordinated Notes		5.500	%		2/26/24		2,300,000			1,866,795	^(c)(i)
Societe Generale SA, Junior Subordinated Bonds		7.875	%		12/18/23		3,040,000			3,059,000	^(a)(b)(h)(i)
Wells Fargo & Co., Junior Subordinated Bonds		5.875	%		6/15/25		460,000			471,500	^(b)(h)(i)

Total Banks										42,946,686

Capital Markets - 2.7%
Bank of America Corp., Notes		6.875	%		4/25/18		390,000			437,171
Goldman Sachs Group Inc., Senior Notes		6.150	%		4/1/18		330,000			363,828
Goldman Sachs Group Inc., Senior Notes		7.500	%		2/15/19		1,430,000			1,670,826	^(b)
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		2,500,000			2,991,812	^(b)
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		670,000			664,837	^(b)
Magyar Export-Import Bank Zrt., Senior Bonds		4.000	%		1/30/20		1,830,000			1,855,163	^(a)
Morgan Stanley, Medium-Term Notes		6.625	%		4/1/18		470,000			524,024	^(b)
Pershing Square Holdings Ltd., Senior Notes		5.500	%		7/15/22		1,000,000			986,976	^(a)

Total Capital Markets										9,494,637

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Consumer Finance - 0.8%
American Express Co., Junior Subordinated Notes		5.200	%		11/15/19		540,000		$	536,895	^(h)(i)
American Express Co., Notes		7.000	%		3/19/18		260,000			293,276
HSBC Finance Corp., Senior Notes		6.676	%		1/15/21		970,000			1,129,915	^(b)
Navient Corp., Medium-Term Notes, Senior Notes		8.450	%		6/15/18		590,000			626,875	^(b)
TMX Finance LLC/TitleMax Finance Corp., Senior Secured Notes		8.500	%		9/15/18		360,000			293,850	^(a)(b)

Total Consumer Finance										2,880,811

Diversified Financial Services - 2.2%
Argos Merger Sub Inc., Senior Notes		7.125	%		3/15/23		1,290,000			1,354,500	^(a)(b)
General Electric Capital Corp., Senior Notes		5.625	%		5/1/18		650,000			714,238	^(b)
International Lease Finance Corp., Senior Notes		5.750	%		5/15/16		500,000			510,000	^(b)
International Lease Finance Corp., Senior Notes		8.750	%		3/15/17		1,620,000			1,760,940	^(b)
International Lease Finance Corp., Senior Notes		8.250	%		12/15/20		2,530,000			3,004,375	^(b)
ZFS Finance USA Trust II, Bonds		6.450	%		12/15/65		500,000			510,000	^(a)(b)(i)

Total Diversified Financial Services										7,854,053

Insurance - 0.8%
CNO Financial Group Inc., Senior Notes		4.500	%		5/30/20		110,000			113,575
CNO Financial Group Inc., Senior Notes		5.250	%		5/30/25		880,000			910,800	^(b)
Fidelity & Guaranty Life Holdings Inc., Senior Notes		6.375	%		4/1/21		460,000			480,700	^(a)(b)
Galaxy Bidco Ltd., Senior Secured Notes		6.375	%		11/15/20		100,000	^GBP		155,755	^(c)
Genworth Holdings Inc., Senior Notes		4.900	%		8/15/23		480,000			394,800
Liberty Mutual Group Inc., Junior Subordinated Bonds		7.800	%		3/15/37		490,000			572,075	^(a)

Total Insurance										2,627,705

Real Estate Management & Development - 1.0%
Communications Sales & Leasing Inc., Senior Notes		8.250	%		10/15/23		440,000			401,500	^(a)(b)
Greystar Real Estate Partners LLC, Senior Secured Notes		8.250	%		12/1/22		850,000			890,375	^(a)(b)
Howard Hughes Corp., Senior Notes		6.875	%		10/1/21		1,110,000			1,162,725	^(a)
Paris Las Vegas Holding LLC/Harrah’s Las Vegas LLC/Flamingo Las Vegas Holding LLC, Secured Notes		11.000	%		10/1/21		480,000			448,200
Paris Las Vegas Holding LLC/Harrah’s Las Vegas LLC/Flamingo Las Vegas Holding LLC, Senior Secured Notes		8.000	%		10/1/20		670,000			664,975

Total Real Estate Management & Development										3,567,775

TOTAL FINANCIALS										69,371,667

HEALTH CARE - 5.4%
Biotechnology - 0.1%
AMAG Pharmaceuticals Inc., Senior Notes		7.875	%		9/1/23		410,000			421,788	^(a)

Health Care Equipment & Supplies - 1.1%
ConvaTec Finance International SA, Senior Notes		8.250	%		1/15/19		550,000			543,813	^(a)(d)
ConvaTec Healthcare E SA, Senior Notes		10.875	%		12/15/18		1,460,000	^EUR		1,727,629	^(a)
DJO Finance LLC/DJO Finance Corp., Secured Notes		10.750	%		4/15/20		150,000			153,000	^(a)
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp., Secured Notes		8.125	%		6/15/21		1,360,000			1,410,320	^(a)

Total Health Care Equipment & Supplies										3,834,762

Health Care Providers & Services - 2.8%
Acadia Healthcare Co. Inc., Senior Notes		12.875	%		11/1/18		670,000			723,600	^(b)
BioScrip Inc., Senior Notes		8.875	%		2/15/21		380,000			285,950
CHS/Community Health Systems Inc., Senior Notes		8.000	%		11/15/19		980,000			1,026,550	^(b)
Humana Inc., Senior Notes		7.200	%		6/15/18		2,000,000			2,271,184	^(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Health Care Providers & Services - (continued)
IASIS Healthcare LLC/IASIS Capital Corp., Senior Notes		8.375	%		5/15/19		950,000		$	986,946
Priory Group No. 3 PLC, Senior Subordinated Notes		8.875	%		2/15/19		750,000	^GBP		1,193,745	^(c)
Tenet Healthcare Corp., Senior Notes		8.125	%		4/1/22		760,000			843,600
Tenet Healthcare Corp., Senior Notes		6.750	%		6/15/23		1,390,000			1,438,650
Universal Hospital Services Inc., Secured Notes		7.625	%		8/15/20		1,110,000			1,076,006	^(b)

Total Health Care Providers & Services										9,846,231

Pharmaceuticals - 1.4%
DPx Holdings BV, Senior Notes		7.500	%		2/1/22		490,000			512,662	^(a)
Endo Finance LLC/Endo Ltd./Endo Finco Inc., Senior Notes		6.000	%		7/15/23		970,000			1,011,225	^(a)
JLL/Delta Dutch Pledgeco BV, Senior Notes		8.750	%		5/1/20		1,350,000			1,387,125	^(a)(d)
Valeant Pharmaceuticals International Inc., Senior Notes		6.125	%		4/15/25		1,710,000			1,765,575	^(a)(b)

Total Pharmaceuticals										4,676,587

TOTAL HEALTH CARE										18,779,368

INDUSTRIALS - 10.9%
Aerospace & Defense - 0.6%
Aerojet Rocketdyne Holdings Inc., Secured Notes		7.125	%		3/15/21		420,000			444,150
CBC Ammo LLC/CBC FinCo Inc., Senior Notes		7.250	%		11/15/21		1,210,000			1,140,425	^(a)(b)
LMI Aerospace Inc., Secured Notes		7.375	%		7/15/19		370,000			358,900

Total Aerospace & Defense										1,943,475

Air Freight & Logistics - 0.7%
Air Medical Merger Sub Corp., Senior Notes		6.375	%		5/15/23		510,000			476,850	^(a)
XPO Logistics Inc., Senior Notes		7.875	%		9/1/19		990,000			1,053,113	^(a)(b)
XPO Logistics Inc., Senior Notes		6.500	%		6/15/22		850,000			839,375	^(a)(b)

Total Air Freight & Logistics										2,369,338

Airlines - 0.8%
Air Canada, Pass-Through Trust, Secured Notes		6.625	%		5/15/18		310,000			323,144	^(a)
American Airlines, Pass-Through Trust, Secured Notes		7.000	%		1/31/18		281,938			299,911	^(a)(b)
Continental Airlines Inc., Pass-Through Certificates, Secured Bonds		7.373	%		12/15/15		143,599			145,215	^(b)
Delta Air Lines Inc., Pass-Through Certificates, Secured Notes		6.375	%		1/2/16		260,000			263,575	^(a)(b)
Delta Air Lines Inc., Pass-Through Certificates, Secured Notes		8.021	%		8/10/22		292,505			333,456	^(b)
Heathrow Finance PLC, Senior Secured Notes		7.125	%		3/1/17		900,000	^GBP		1,455,461	^(c)

Total Airlines										2,820,762

Building Products - 0.3%
Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Notes		6.875	%		2/15/21		760,000			714,400	^(a)
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		550,000			451,935	^(a)(b)

Total Building Products										1,166,335

Commercial Services & Supplies - 1.0%
Garda World Security Corp., Senior Notes		7.250	%		11/15/21		420,000			394,800	^(a)
JM Huber Corp., Senior Notes		9.875	%		11/1/19		460,000			488,750	^(a)(b)
Monitronics International Inc., Senior Notes		9.125	%		4/1/20		1,620,000			1,522,800
United Rentals North America Inc., Senior Notes		8.250	%		2/1/21		198,000			210,375	^(b)
United Rentals North America Inc., Senior Notes		7.625	%		4/15/22		948,000			1,026,210	^(b)

Total Commercial Services & Supplies										3,642,935

Construction & Engineering - 1.5%
Astaldi SpA, Senior Notes		7.125	%		12/1/20		540,000	^EUR		639,986	^(a)
Ausdrill Finance Pty Ltd., Senior Notes		6.875	%		11/1/19		630,000			470,925	^(a)(b)
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/21		640,000			665,600	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Construction & Engineering - (continued)
Empresas ICA SAB de CV, Senior Notes		8.875	%		5/29/24		1,477,000		$	668,342	^(a)(b)
Michael Baker Holdings LLC/Michael Baker Finance Corp., Senior Notes		8.875	%		4/15/19		830,000			722,100	^(a)(d)
Michael Baker International LLC/CDL Acquisition Co. Inc., Senior Secured Notes		8.250	%		10/15/18		970,000			950,600	^(a)(b)
Modular Space Corp., Secured Notes		10.250	%		1/31/19		800,000			588,000	^(a)(b)
Odebrecht Finance Ltd., Senior Notes		4.375	%		4/25/25		520,000			343,200	^(a)(b)
Odebrecht Offshore Drilling Finance Ltd., Senior Secured Notes		6.625	%		10/1/22		189,580			105,217	^(a)

Total Construction & Engineering										5,153,970

Electrical Equipment - 0.3%
International Wire Group Holdings Inc., Senior Secured Notes		8.500	%		10/15/17		560,000			578,200	^(a)(b)
NES Rentals Holdings Inc., Senior Secured Notes		7.875	%		5/1/18		490,000			488,775	^(a)
Trionista TopCo GmbH, Senior Subordinated Notes		6.875	%		4/30/21		100,000	^EUR		118,621	^(a)

Total Electrical Equipment										1,185,596

Industrial Conglomerates - 0.4%
Alfa SAB de CV, Senior Notes		5.250	%		3/25/24		200,000			206,500	^(a)(b)
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		200,000			198,500	^(a)
Leucadia National Corp., Senior Notes		8.125	%		9/15/15		540,000			541,350
Sinochem Overseas Capital Co., Ltd., Senior Notes		4.500	%		11/12/20		380,000			399,985	^(a)(b)

Total Industrial Conglomerates										1,346,335

Machinery - 1.8%
CTP Transportation Products LLC/CTP Finance Inc., Senior Secured Notes		8.250	%		12/15/19		320,000			341,600	^(a)(b)
DH Services Luxembourg Sarl, Senior Notes		7.750	%		12/15/20		1,490,000			1,527,250	^(a)
Global Brass and Copper Inc., Senior Secured Notes		9.500	%		6/1/19		680,000			733,550	^(b)
KION Finance SA, Senior Secured Notes		6.750	%		2/15/20		1,620,000	^EUR		1,919,140	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		304,000	^EUR		365,528	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		272,000	^EUR		327,052	^(c)
SIG Combibloc Holdings SCA, Senior Bonds		7.750	%		2/15/23		430,000	^EUR		499,220	^(a)
SPL Logistics Escrow LLC/SPL Logistics Finance Corp., Senior Secured Notes		8.875	%		8/1/20		480,000			513,600	^(a)(b)

Total Machinery										6,226,940

Marine - 0.4%
Navios Maritime Acquisition Corp./Navios Acquisition Finance U.S. Inc., Senior Secured Notes		8.125	%		11/15/21		1,120,000			1,073,800	^(a)(b)
Ultrapetrol Bahamas Ltd., Senior Secured Notes		8.875	%		6/15/21		570,000			447,450

Total Marine										1,521,250

Road & Rail - 1.8%
Flexi-Van Leasing Inc., Senior Notes		7.875	%		8/15/18		670,000			681,725	^(a)(b)
Florida East Coast Holdings Corp., Senior Notes		9.750	%		5/1/20		140,000			126,700	^(a)
Florida East Coast Holdings Corp., Senior Secured Notes		6.750	%		5/1/19		1,600,000			1,616,000	^(a)(b)
Gategroup Finance Luxembourg SA, Senior Notes		6.750	%		3/1/19		857,143	^EUR		1,004,651	^(c)
Gategroup Finance Luxembourg SA, Senior Notes		6.750	%		3/1/19		150,000	^EUR		175,814	^(a)
Jack Cooper Holdings Corp., Senior Secured Notes		10.250	%		6/1/20		1,460,000			1,335,900	^(a)(b)
Jurassic Holdings III Inc., Secured Notes		6.875	%		2/15/21		660,000			466,950	^(a)
Quality Distribution LLC/QD Capital Corp., Secured Notes		9.875	%		11/1/18		824,000			855,786	^(b)

Total Road & Rail										6,263,526

Trading Companies & Distributors - 0.3%
H&E Equipment Services Inc., Senior Notes		7.000	%		9/1/22		980,000			980,000	^(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Transportation - 0.6%
Hapag-Lloyd AG, Senior Notes		9.750	%		10/15/17		910,000		$	941,850	^(a)(b)
Neovia Logistics Intermediate Holdings LLC/Logistics Intermediate Finance Corp., Senior Notes		10.000	%		2/15/18		1,090,000			1,095,450	^(a)(d)

Total Transportation										2,037,300

Transportation Infrastructure - 0.4%
Aguila 3 SA, Senior Secured Notes		7.875	%		1/31/18		450,000			458,438	^(a)(b)
Mersin Uluslararasi Liman Isletmeciligi AS, Notes		5.875	%		8/12/20		220,000			230,432	^(a)
PT Pelabuhan Indonesia II, Senior Bonds		4.250	%		5/5/25		750,000			667,500	^(a)

Total Transportation Infrastructure										1,356,370

TOTAL INDUSTRIALS										38,014,132

INFORMATION TECHNOLOGY - 2.1%
Communications Equipment - 0.2%
CommScope Technologies Finance LLC, Senior Notes		6.000	%		6/15/25		670,000			653,250	^(a)(b)

Electronic Equipment, Instruments & Components - 0.2%
Interface Security Systems Holdings Inc./Interface Security Systems LLC, Senior Secured Notes		9.250	%		1/15/18		710,000			724,200	^(b)

Internet Software & Services - 0.3%
Ancestry.com Holdings LLC, Senior Notes		9.625	%		10/15/18		350,000			354,813	^(a)(d)
Ancestry.com Inc., Senior Notes		11.000	%		12/15/20		590,000			658,587

Total Internet Software & Services										1,013,400

IT Services - 1.0%
Compiler Finance Subordinated Inc., Senior Notes		7.000	%		5/1/21		980,000			671,300	^(a)
First Data Corp., Secured Notes		8.250	%		1/15/21		380,000			400,900	^(a)
First Data Corp., Senior Notes		12.625	%		1/15/21		840,000			967,050
First Data Corp., Senior Secured Notes		6.750	%		11/1/20		663,000			699,465	^(a)(b)
First Data Corp., Senior Subordinated Notes		11.750	%		8/15/21		654,000			738,366

Total IT Services										3,477,081

Software - 0.4%
Audatex North America Inc., Senior Notes		6.000	%		6/15/21		550,000			539,116	^(a)(b)
Oberthur Technologies Holding SAS, Senior Secured Notes		9.250	%		4/30/20		890,000	^EUR		1,080,204	^(a)

Total Software										1,619,320

TOTAL INFORMATION TECHNOLOGY										7,487,251

MATERIALS - 11.6%
Chemicals - 1.3%
Alpek SAB de CV, Senior Notes		4.500	%		11/20/22		382,000			383,910	^(a)(b)
Eco Services Operations LLC/Eco Finance Corp., Senior Notes		8.500	%		11/1/22		250,000			240,000	^(a)
Hexion Inc., Senior Secured Notes		8.875	%		2/1/18		610,000			533,750
HIG BBC Intermediate Holdings LLC/HIG BBC Holdings Corp., Senior Notes		10.500	%		9/15/18		390,000			382,200	^(a)(d)
Kerling PLC, Senior Secured Notes		10.625	%		2/1/17		792,000	^EUR		908,900	^(a)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		549,000			565,196	^(b)(c)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		250,000			257,375	^(a)(b)
OCP SA, Senior Notes		5.625	%		4/25/24		800,000			823,160	^(a)
OCP SA, Senior Notes		4.500	%		10/22/25		640,000			605,760	^(a)

Total Chemicals										4,700,251

Construction Materials - 1.4%
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		360,000			335,700	^(a)
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		140,000			130,550	^(c)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		550,000			617,375	^(a)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		450,000			505,125	^(c)
Cemex SAB de CV, Senior Secured Notes		5.700	%		1/11/25		1,510,000			1,419,400	^(a)
Cemex SAB de CV, Senior Secured Notes		6.125	%		5/5/25		410,000			392,575	^(a)
Cimpor Financial Operations BV, Senior Notes		5.750	%		7/17/24		780,000			586,950	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Construction Materials - (continued)
Hardwoods Acquisition Inc., Senior Secured Notes		7.500	%		8/1/21		680,000		$	649,400	^(a)(b)
NWH Escrow Corp., Senior Secured Notes		7.500	%		8/1/21		230,000			213,900	^(a)

Total Construction Materials										4,850,975

Containers & Packaging - 2.4%
Ardagh Finance Holdings SA, Senior Notes		8.625	%		6/15/19		707,758			750,223	^(a)(d)
Ardagh Packaging Finance PLC, Senior Notes		9.250	%		10/15/20		1,700,000	^EUR		1,998,842	^(a)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		9.125	%		10/15/20		1,080,000			1,131,840	^(a)
BWAY Holding Co., Senior Notes		9.125	%		8/15/21		1,120,000			1,142,400	^(a)
Coveris Holdings SA, Senior Notes		7.875	%		11/1/19		840,000			819,000	^(a)
Pactiv LLC, Senior Bonds		8.375	%		4/15/27		150,000			147,000
Pactiv LLC, Senior Notes		7.950	%		12/15/25		1,890,000			1,833,300
PaperWorks Industries Inc., Senior Secured Notes		9.500	%		8/15/19		540,000			531,360	^(a)(b)

Total Containers & Packaging										8,353,965

Metals & Mining - 5.7%
ArcelorMittal, Senior Notes		7.000	%		2/25/22		50,000			50,125	^(b)
ArcelorMittal, Senior Notes		7.750	%		10/15/39		820,000			764,650
Barminco Finance Pty Ltd., Senior Notes		9.000	%		6/1/18		1,870,000			1,467,950	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.750	%		11/4/20		360,000			366,876	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		1,000,000			1,009,004	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		600,000			605,402	^(b)(c)
Evraz Group SA, Senior Notes		9.500	%		4/24/18		940,000			963,500	^(c)
Evraz Group SA, Senior Notes		6.500	%		4/22/20		810,000			709,763	^(c)
FMG Resources (August 2006) Pty Ltd., Senior Secured Notes		9.750	%		3/1/22		1,920,000			1,759,200	^(a)(b)
Gerdau Trade Inc., Senior Notes		4.750	%		4/15/23		440,000			372,350	^(a)(b)
Joseph T. Ryerson & Son Inc., Senior Notes		11.250	%		10/15/18		227,000			212,245
Joseph T. Ryerson & Son Inc., Senior Secured Notes		9.000	%		10/15/17		540,000			494,100
Midwest Vanadium Pty Ltd., Senior Secured Notes		11.500	%		2/15/18		810,000			40,500	^*(a)(e)(g)
Mirabela Nickel Ltd., Subordinated Notes		1.000	%		9/10/44		9,620			0	^(e)(f)(j)
Prince Mineral Holding Corp., Senior Secured Notes		11.500	%		12/15/19		120,000			104,400	^(a)
Rain CII Carbon LLC/CII Carbon Corp., Senior Secured Notes		8.250	%		1/15/21		1,250,000			1,187,500	^(a)(b)
Schaeffler Holding Finance BV, Senior Secured Bonds		6.875	%		8/15/18		470,000			486,215	^(a)(b)(d)
Schaeffler Holding Finance BV, Senior Secured Notes		6.875	%		8/15/18		550,000	^EUR		639,849	^(a)(d)
Schaeffler Holding Finance BV, Senior Secured Notes		6.750	%		11/15/22		900,000			965,250	^(a)(b)(d)
Severstal OAO Via Steel Capital SA, Senior Notes		4.450	%		3/19/18		500,000			485,000	^(a)
Southern Copper Corp., Senior Notes		3.875	%		4/23/25		360,000			344,149
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		2,200,000			1,799,820	^(b)
Steel Dynamics Inc., Senior Notes		6.125	%		8/15/19		370,000			385,263	^(b)
Thompson Creek Metals Co. Inc., Senior Notes		12.500	%		5/1/19		550,000			337,398
Tupy Overseas SA, Senior Bonds		6.625	%		7/17/24		560,000			532,700	^(a)
Vale Overseas Ltd., Senior Bonds		8.250	%		1/17/34		2,383,000			2,387,289	^(b)
Vedanta Resources PLC, Senior Notes		6.750	%		6/7/16		830,000			817,550	^(a)(b)
Vedanta Resources PLC, Senior Notes		9.500	%		7/18/18		160,000			156,800	^(c)
Vedanta Resources PLC, Senior Notes		6.000	%		1/31/19		460,000			401,350	^(a)(b)

Total Metals & Mining										19,846,198

Paper & Forest Products - 0.8%
Appvion Inc., Secured Notes		9.000	%		6/1/20		1,550,000			883,500	^(a)
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		202,000			231,006	^(b)
Celulosa Arauco y Constitucion SA, Senior Notes		4.750	%		1/11/22		245,000			251,072

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Paper & Forest Products - (continued)
Inversiones CMPC SA, Notes		4.375	%		5/15/23		260,000		$	256,877	^(a)
Inversiones CMPC SA, Senior Notes		4.750	%		1/19/18		460,000			478,240	^(a)(b)
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		310,000			311,630	^(a)(b)
Resolute Forest Products Inc., Senior Notes		5.875	%		5/15/23		550,000			453,750	^(b)
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Bonds		11.750	%		1/15/19		100,000			23,750
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Notes		11.750	%		1/15/19		300,000			85,500

Total Paper & Forest Products										2,975,325

TOTAL MATERIALS										40,726,714

TELECOMMUNICATION SERVICES - 14.3%
Diversified Telecommunication Services - 10.0%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		2,233,000			2,132,515	^(a)
Bharti Airtel International Netherlands BV, Senior Bonds		5.350	%		5/20/24		630,000			675,221	^(a)(b)
British Telecommunications PLC, Bonds		9.625	%		12/15/30		240,000			350,692	^(b)
CenturyLink Inc., Senior Notes		5.800	%		3/15/22		10,000			9,525	^(b)
CenturyLink Inc., Senior Notes		7.600	%		9/15/39		2,660,000			2,287,600	^(b)
CenturyLink Inc., Senior Notes		7.650	%		3/15/42		1,170,000			1,006,200
Empresa Nacional de Telecomunicaciones SA, Senior Notes		4.875	%		10/30/24		270,000			268,188	^(a)(b)
Intelsat Jackson Holdings SA, Senior Notes		7.500	%		4/1/21		3,100,000			3,014,750	^(b)
Intelsat Luxembourg SA, Senior Bonds		7.750	%		6/1/21		4,210,000			3,170,130
Koninklijke KPN NV, Senior Notes		8.375	%		10/1/30		190,000			247,218	^(b)
Level 3 Financing Inc., Senior Notes		7.000	%		6/1/20		375,000			395,625	^(b)
Level 3 Financing Inc., Senior Notes		8.625	%		7/15/20		1,945,000			2,065,590	^(b)
Oi SA, Senior Notes		5.750	%		2/10/22		1,200,000			870,000	^(a)
Oi SA, Senior Notes		5.750	%		2/10/22		1,000,000			725,000	^(c)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		400,000			438,312	^(a)(b)
Telecom Italia SpA, Senior Notes		5.303	%		5/30/24		3,000,000			3,033,750	^(a)(b)
Telefonica Emisiones SAU, Senior Notes		5.134	%		4/27/20		3,000,000			3,309,684	^(b)
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		6,000,000			6,588,762	^(b)
Windstream Services LLC, Senior Notes		7.500	%		6/1/22		4,370,000			3,468,731	^(b)
Windstream Services LLC, Senior Notes		7.500	%		4/1/23		550,000			433,130	^(b)
Windstream Services LLC, Senior Notes		6.375	%		8/1/23		1,000,000			737,660	^(b)

Total Diversified Telecommunication Services										35,228,283

Wireless Telecommunication Services - 4.3%
Altice Financing SA, Senior Secured Notes		5.250	%		2/15/23		140,000	^EUR		159,426	^(a)
Altice Financing SA, Senior Secured Notes		6.625	%		2/15/23		1,470,000			1,466,325	^(a)(b)
America Movil SAB de CV, Senior Notes		5.625	%		11/15/17		504,000			546,900	^(b)
Bharti Airtel Ltd., Senior Notes		4.375	%		6/10/25		790,000			788,281	^(a)
Sprint Capital Corp., Senior Notes		6.875	%		11/15/28		1,190,000			1,026,375	^(b)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		5,450,000			5,170,688	^(b)
Sprint Communications Inc., Senior Notes		9.000	%		11/15/18		1,780,000			1,986,925	^(a)(b)
Sprint Corp., Senior Notes		7.625	%		2/15/25		1,070,000			1,001,119
T-Mobile USA Inc., Senior Notes		6.000	%		3/1/23		1,320,000			1,349,027	^(b)
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Senior Notes		7.748	%		2/2/21		820,000			817,094	^(a)(b)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		460,000			446,025	^(c)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		250,000			242,405	^(a)(b)

Total Wireless Telecommunication Services										15,000,590

TOTAL TELECOMMUNICATION SERVICES										50,228,873

UTILITIES - 3.2%
Electric Utilities - 1.2%
Centrais Eletricas Brasileiras SA, Senior Notes		6.875	%		7/30/19		380,000			368,790	^(a)
Comision Federal de Electricidad, Senior Notes		4.875	%		1/15/24		370,000			379,712	^(a)(b)
Comision Federal de Electricidad, Senior Notes		6.125	%		6/16/45		350,000			350,000	^(a)
Majapahit Holding BV, Senior Notes		7.750	%		1/20/20		370,000			415,787	^(c)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Electric Utilities - (continued)
Midwest Generation LLC, Pass-Through Certificates, Secured Bonds		8.560	%		1/2/16		59,270		$	59,270
NRG REMA LLC, Pass-Through Certificates, Senior Secured Bonds		9.237	%		7/2/17		228,862			239,161
NRG REMA LLC, Pass-Through Certificates, Senior Secured Bonds		9.681	%		7/2/26		1,150,000			1,173,000	^(b)
Red Oak Power LLC, Secured Notes		9.200	%		11/30/29		1,180,000			1,327,500	^(b)

Total Electric Utilities										4,313,220

Gas Utilities - 0.2%
Gas Natural de Lima y Callao SA, Senior Notes		4.375	%		4/1/23		320,000			316,800	^(a)(b)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.700	%		3/20/22		480,000			491,280	^(a)(b)

Total Gas Utilities										808,080

Independent Power and Renewable Electricity Producers - 1.8%
Calpine Corp., Senior Secured Notes		7.875	%		1/15/23		2,243,000			2,411,225	^(a)(b)
Foresight Energy LLC/Foresight Energy Finance Corp., Senior Notes		7.875	%		8/15/21		590,000			460,200	^(a)
Mirant Mid Atlantic LLC, Pass-Through Certificates, Secured Bonds		10.060	%		12/30/28		2,240,877			2,312,305
Mirant Mid Atlantic LLC, Pass-Through Certificates, Senior Secured Bonds		9.125	%		6/30/17		63,942			66,580
Three Gorges Finance Ltd., Senior Notes		3.700	%		6/10/25		1,000,000			1,014,278	^(a)

Total Independent Power and Renewable Electricity Producers										6,264,588

TOTAL UTILITIES										11,385,888

TOTAL CORPORATE BONDS & NOTES (Cost - $378,832,780)										364,060,975

ASSET-BACKED SECURITIES - 0.4%
Finance America Net Interest Margin Trust, 2004-1 A		5.250	%		6/27/34		110,125			1	^*(a)(e)(g)
Greenpoint Manufactured Housing, 1999-2 A2		2.898	%		3/18/29		425,000			380,096	⁽ⁱ⁾
Greenpoint Manufactured Housing, 1999-3 2A2		3.562	%		6/19/29		200,000			174,000	⁽ⁱ⁾
Greenpoint Manufactured Housing, 1999-4 A2		3.691	%		2/20/30		200,000			174,000	⁽ⁱ⁾
Greenpoint Manufactured Housing, 2001-2 IA2		3.689	%		2/20/32		275,000			254,556	⁽ⁱ⁾
Greenpoint Manufactured Housing, 2001-2 IIA2		3.686	%		3/13/32		475,000			434,239	⁽ⁱ⁾
SAIL Net Interest Margin Notes, 2003-6A A		7.000	%		7/27/33		14,101			0	^{*(a)(e)(g)(j)}
SAIL Net Interest Margin Notes, 2003-7A A		7.000	%		7/27/33		42,974			25,664	^*(a)(e)(g)

TOTAL ASSET-BACKED SECURITIES (Cost - $1,531,809)										1,442,556

CONVERTIBLE BONDS & NOTES - 0.3%
MATERIALS - 0.2%
Chemicals - 0.1%
Hercules Inc., Junior Subordinated Bonds		6.500	%		6/30/29		220,000			195,388

Metals & Mining - 0.1%
Mirabela Nickel Ltd., Senior Secured Bonds		9.500	%		6/24/19		765,886			536,120	^(a)(d)(e)

TOTAL MATERIALS										731,508

TELECOMMUNICATION SERVICES - 0.1%
Diversified Telecommunication Services - 0.1%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		2,546,000	^MXN		300,959	^(a)

TOTAL CONVERTIBLE BONDS & NOTES (Cost - $1,313,268)										1,032,467

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015

SECURITY

RATE

MATURITY
DATE

FACE
AMOUNT†

VALUE

SENIOR LOANS - 1.7%

CONSUMER DISCRETIONARY - 0.5%

Hotels, Restaurants & Leisure - 0.2%

Equinox Holdings Inc., Second Lien Term Loan

9.750

7/31/20

710,000

723,016

^(k)(l)

Specialty Retail - 0.2%

Spencer Gifts LLC, Second Lien Term Loan

9.250

11/12/21

560,000

568,400

^(k)(l)

Textiles, Apparel & Luxury Goods - 0.1%

TOMS Shoes LLC, Term Loan B

6.500

10/28/20

428,925

401,313

^(k)(l)

TOTAL CONSUMER DISCRETIONARY

1,692,729

CONSUMER STAPLES - 0.1%

Food Products - 0.1%

AdvancePierre Foods Inc., Second Lien Term Loan

9.500

10/10/17

310,000

312,519

^(k)(l)

ENERGY - 0.1%

Oil, Gas & Consumable Fuels - 0.1%

Westmoreland Coal Co., Term Loan B

7.500

12/16/20

433,263

389,937

^(k)(l)

HEALTH CARE - 0.3%

Health Care Equipment & Supplies - 0.1%

Lantheus Medical Imaging Inc., Term Loan

7.000

6/30/22

520,000

512,850

^(k)(l)

Health Care Providers & Services - 0.2%

Radnet Management Inc., Second Lien Term Loan

8.000

3/25/21

700,000

691,687

^(k)(l)

TOTAL HEALTH CARE

1,204,537

INDUSTRIALS - 0.2%

Commercial Services & Supplies - 0.2%

Kronos Inc., Second Lien Term Loan

9.750

4/30/20

539,577

555,315

^(k)(l)

MATERIALS - 0.2%

Chemicals - 0.2%

Kerling PLC, EUR Term Loan

10.000

6/30/16

400,000

^EUR

455,593

^(k)(l)

Metals & Mining - 0.0%

FMG Resources (August 2006) Pty Ltd., New Term Loan B

3.750

6/30/19

100,000

81,208

^(k)(l)

TOTAL MATERIALS

536,801

UTILITIES - 0.3%

Electric Utilities - 0.1%

Panda Temple Power LLC, 2015 Term Loan B

7.250

3/4/22

628,425

606,430

^(k)(l)

Independent Power and Renewable Electricity
Producers - 0.2%

Energy Future Intermediate Holding Co., LLC, DIP Term Loan

4.250

6/19/16

610,069

610,832

^(k)(l)

TOTAL UTILITIES

1,217,262

TOTAL SENIOR LOANS
(Cost - $5,998,224)

5,909,100

SOVEREIGN BONDS - 18.6%

Argentina - 0.6%

Republic of Argentina, Senior Bonds

7.000

10/3/15

435,000

435,487

Republic of Argentina, Senior Bonds

7.000

4/17/17

1,880,000

1,792,180

Total Argentina

2,227,667

Brazil - 1.1%

Federative Republic of Brazil, Notes

10.000

1/1/25

3,059,000

^BRL

670,426

Federative Republic of Brazil, Senior Notes

10.000

1/1/17

11,859,000

^BRL

3,124,901

Total Brazil

3,795,327

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Colombia - 1.4%
Republic of Colombia, Senior Bonds		11.750	%		2/25/20		544,000	$	730,320
Republic of Colombia, Senior Bonds		4.000	%		2/26/24		540,000		525,150
Republic of Colombia, Senior Bonds		7.375	%		9/18/37		2,392,000		2,834,520
Republic of Colombia, Senior Bonds		6.125	%		1/18/41		330,000		344,850
Republic of Colombia, Senior Notes		7.375	%		3/18/19		498,000		571,455

Total Colombia									5,006,295

Costa Rica - 0.2%
Republic of Costa Rica, Notes		7.000	%		4/4/44		890,000		836,600	^(a)(b)

Croatia - 0.5%
Republic of Croatia, Senior Notes		6.625	%		7/14/20		370,000		404,262	^(a)(b)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		850,000		878,687	^(a)(b)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		450,000		465,188	^(c)

Total Croatia									1,748,137

Dominican Republic - 1.2%
Dominican Republic, Senior Notes		5.500	%		1/27/25		1,570,000		1,562,150	^(a)
Dominican Republic, Senior Notes		6.850	%		1/27/45		2,490,000		2,483,775	^(a)(b)

Total Dominican Republic									4,045,925

Ecuador - 0.3%
Republic of Ecuador, Senior Bonds		10.500	%		3/24/20		1,260,000		995,400	^(a)

Egypt - 0.1%
Arab Republic of Egypt, Senior Notes		5.875	%		6/11/25		440,000		426,316	^(a)

El Salvador - 0.1%
Republic of El Salvador, Notes		6.375	%		1/18/27		300,000		285,000	^(a)

Gabon - 0.2%
Gabonese Republic, Bonds		6.375	%		12/12/24		470,000		413,088	^(a)
Gabonese Republic, Senior Bonds		6.950	%		6/16/25		320,000		289,008	^(a)

Total Gabon									702,096

Ghana - 0.1%
Republic of Ghana, Bonds		8.125	%		1/18/26		540,000		488,808	^(a)

Honduras - 0.1%
Republic of Honduras, Senior Notes		7.500	%		3/15/24		500,000		530,000	^(c)

Hungary - 0.5%
Republic of Hungary, Senior Notes		5.750	%		11/22/23		1,414,000		1,583,680

Indonesia - 1.6%
Republic of Indonesia, Senior Bonds		6.875	%		1/17/18		165,000		181,912	^(c)
Republic of Indonesia, Senior Bonds		6.625	%		2/17/37		2,900,000		3,132,000	^(c)
Republic of Indonesia, Senior Notes		5.875	%		1/15/24		1,642,000		1,769,255	^(a)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		420,000		391,650	^(a)

Total Indonesia									5,474,817

Ivory Coast - 0.7%
Republic of Cote D’Ivoire, Senior Bonds		5.750	%		12/31/32		2,140,000		1,947,742	^(c)
Republic of Cote D’Ivoire, Senior Notes		6.375	%		3/3/28		360,000		336,168	^(a)

Total Ivory Coast									2,283,910

Jamaica - 0.3%
Government of Jamaica, Senior Notes		7.625	%		7/9/25		380,000		416,100
Government of Jamaica, Senior Notes		6.750	%		4/28/28		520,000		520,000

Total Jamaica									936,100

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Kenya - 0.2%
Republic of Kenya, Senior Notes		5.875	%		6/24/19		350,000		$	351,564	^(a)
Republic of Kenya, Senior Notes		6.875	%		6/24/24		530,000			515,266	^(a)

Total Kenya										866,830

Lithuania - 0.4%
Republic of Lithuania, Senior Notes		6.125	%		3/9/21		1,300,000			1,511,874	^(a)

Mexico - 1.4%
United Mexican States, Medium-Term Notes		6.050	%		1/11/40		124,000			139,500	^(b)
United Mexican States, Senior Bonds		8.000	%		6/11/20		30,168,400	^MXN		2,016,245
United Mexican States, Senior Bonds		6.500	%		6/9/22		1,717,900	^MXN		107,044
United Mexican States, Senior Bonds		10.000	%		12/5/24		8,750,000	^MXN		670,264
United Mexican States, Senior Bonds		8.500	%		11/18/38		179,400	^MXN		13,071
United Mexican States, Senior Notes		3.625	%		3/15/22		1,840,000			1,849,200	^(b)
United Mexican States, Senior Notes		4.000	%		10/2/23		4,000			4,070

Total Mexico										4,799,394

Nigeria - 0.1%
Republic of Nigeria, Senior Notes		6.375	%		7/12/23		370,000			344,152	^(a)

Pakistan - 0.1%
Republic of Pakistan, Senior Bonds		7.250	%		4/15/19		500,000			517,137	^(a)

Panama - 0.0%
Republic of Panama, Senior Bonds		6.700	%		1/26/36		1,000			1,223

Paraguay - 0.2%
Republic of Paraguay, Senior Notes		6.100	%		8/11/44		660,000			666,600	^(a)(b)

Peru - 1.4%
Republic of Peru, Senior Bonds		7.350	%		7/21/25		50,000			63,625
Republic of Peru, Senior Bonds		8.750	%		11/21/33		2,314,000			3,384,225
Republic of Peru, Senior Bonds		6.550	%		3/14/37		1,083,000			1,294,185
Republic of Peru, Senior Bonds		5.625	%		11/18/50		39,000			42,120

Total Peru										4,784,155

Philippines - 0.3%
Republic of Philippines, Senior Bonds		3.950	%		1/20/40		1,200,000			1,227,000

Poland - 0.8%
Republic of Poland, Senior Notes		5.125	%		4/21/21		890,000			999,461	^(b)
Republic of Poland, Senior Notes		5.000	%		3/23/22		1,582,000			1,769,372	^(b)

Total Poland										2,768,833

Russia - 2.6%
Russian Foreign Bond - Eurobond, Senior Bonds		4.875	%		9/16/23		1,000,000			960,130	^(a)(b)
Russian Foreign Bond - Eurobond, Senior Bonds		7.500	%		3/31/30		4,271,562			5,008,706	^(c)
Russian Foreign Bond - Eurobond, Senior Bonds		5.875	%		9/16/43		3,400,000			3,178,830	^(a)

Total Russia										9,147,666

Senegal - 0.1%
Republic of Senegal, Bonds		6.250	%		7/30/24		250,000			232,365	^(c)

Tunisia - 0.1%
Banque Centrale de Tunisie SA, Senior Bonds		5.750	%		1/30/25		290,000			279,566	^(a)

Turkey - 0.7%
Republic of Turkey, Senior Bonds		5.625	%		3/30/21		270,000			287,591
Republic of Turkey, Senior Bonds		5.750	%		3/22/24		280,000			297,716	^(b)
Republic of Turkey, Senior Bonds		4.250	%		4/14/26		1,180,000			1,107,111	^(b)
Republic of Turkey, Senior Notes		6.750	%		5/30/40		602,000			670,694	^(b)

Total Turkey										2,363,112

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015

SECURITY

RATE

MATURITY
DATE

FACE
AMOUNT†

VALUE

Uruguay - 0.3%

Republic of Uruguay, Senior Bonds

5.100

6/18/50

300,000

275,625

Republic of Uruguay, Senior Notes

4.500

8/14/24

850,000

878,687

Total Uruguay

1,154,312

Venezuela - 0.7%

Bolivarian Republic of Venezuela, Senior Bonds

9.250

9/15/27

240,000

101,760

Bolivarian Republic of Venezuela, Senior Bonds

9.375

1/13/34

1,108,000

414,946

^(b)

Bolivarian Republic of Venezuela, Senior Notes

7.750

10/13/19

5,290,000

1,888,530

^(c)

Total Venezuela

2,405,236

Vietnam - 0.1%

Republic of Vietnam, Senior Bonds

6.750

1/29/20

200,000

219,250

^(c)

Republic of Vietnam, Senior Bonds

4.800

11/19/24

200,000

193,000

^(a)

Total Vietnam

412,250

Zambia - 0.1%

Republic of Zambia, Senior Notes

8.970

7/30/27

380,000

350,550

^(a)

TOTAL SOVEREIGN BONDS

(Cost - $68,185,766)

65,198,333

SHARES

COMMON STOCKS - 2.3%

CONSUMER DISCRETIONARY - 0.4%

Automobiles - 0.4%

Ford Motor Co.

90,989

1,262,018

^(b)

Hotels, Restaurants & Leisure - 0.0%

Bossier Casino Venture Holdco Inc.

46,209

^*(e)(f)(j)

TOTAL CONSUMER DISCRETIONARY

1,262,018

FINANCIALS - 1.4%

Banks - 1.4%

Citigroup Inc.

75,394

4,032,071

^(b)

JPMorgan Chase & Co.

12,923

828,364

^(b)

TOTAL FINANCIALS

4,860,435

HEALTH CARE - 0.2%

Health Care Providers & Services - 0.2%

Physiotherapy Associates Holdings Inc.

8,500

705,500

^*(e)(f)

INDUSTRIALS - 0.3%

Marine - 0.1%

DeepOcean Group Holding AS

56,705

365,520

^*(e)(f)

Trading Companies & Distributors - 0.2%

H&E Equipment Services Inc.

30,319

627,907

TOTAL INDUSTRIALS

993,427

MATERIALS - 0.0%

Metals & Mining - 0.0%

Mirabela Nickel Ltd.

1,991,337

117,488

^*(e)(f)

TOTAL COMMON STOCKS

(Cost - $7,888,714)

7,938,868

CONVERTIBLE PREFERRED STOCKS - 0.1%

ENERGY - 0.1%

Oil, Gas & Consumable Fuels - 0.1%

Rex Energy Corp. (Cost - $610,350)

6.000

8,500

330,438

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		August 31, 2015


SECURITY	RATE					SHARES		VALUE
PREFERRED STOCKS - 1.1%
FINANCIALS - 1.1%
Capital Markets - 0.4%
State Street Corp.		5.900	%				50,776	$	1,321,699	⁽ⁱ⁾

Consumer Finance - 0.7%
GMAC Capital Trust I		8.125	%				90,029		2,298,440	⁽ⁱ⁾

Diversified Financial Services - 0.0%
Citigroup Capital XIII		7.875	%				5,950		152,023	⁽ⁱ⁾

TOTAL PREFERRED STOCKS (Cost - $3,608,318)									3,772,162

TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $467,969,229)									449,684,899


				MATURITY DATE		FACE AMOUNT†
SHORT-TERM INVESTMENTS - 1.1%
Repurchase Agreements - 1.1%
Barclays Capital Inc. repurchase agreement dated 8/31/15; Proceeds at maturity - $1,000,003; (Fully collateralized by U.S. government obligations, 1.625% due 7/31/19; Market Value - $1,020,000)		0.100	%		9/1/15	$	1,000,000		1,000,000
Deutsche Bank Securities Inc. repurchase agreement dated 8/31/15; Proceeds at maturity - $3,000,010; (Fully collateralized by U.S. government obligations, 0.250% due 1/15/25; Market value - $3,060,000)		0.120	%		9/1/15		3,000,000		3,000,000

TOTAL SHORT-TERM INVESTMENTS (Cost - $4,000,000)									4,000,000

TOTAL INVESTMENTS - 129.5% (Cost - $471,969,229#)									453,684,899
Liabilities in Excess of Other Assets - (29.5)%									(103,412,148	)

TOTAL NET ASSETS - 100.0%								$	350,272,751

†	Face amount denominated in U.S. dollars, unless otherwise noted.

*	Non-income producing security.

(a)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors, unless otherwise noted.

(b)	All or a portion of this security is pledged as collateral pursuant to the loan agreement.

(c)

Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors, unless otherwise noted.

(d)	Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional debt securities.

(e)	Illiquid security.

(f)	Security is valued in good faith in accordance with procedures approved by the Board of Directors (See Note 1).

(g)	The coupon payment on these securities is currently in default as of August 31, 2015.

(h)	Security has no maturity date. The date shown represents the next call date.

(i)	Variable rate security. Interest rate disclosed is as of the most recent information available.

(j)	Value is less than $1.

(k)	Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.

(l)	Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

#	Aggregate cost for federal income tax purposes is substantially the same.

Abbreviations used in this schedule:


AUD		— Australian Dollar
BRL		— Brazilian Real
DIP		— Debtor-in-Possession
EUR		— Euro
GBP		— British Pound
MXN		— Mexican Peso
OJSC		— Open Joint Stock Company

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s portfolio holdings as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Global High Income Fund Inc. (the “Fund”) was incorporated in Maryland and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Board of Directors authorized 100 million shares of $0.001 par value common stock. The Fund’s primary investment objective is high current income. The Fund’s secondary objective is total return.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Short-term fixed income securities that will mature in 60 days or less are valued at amortized cost, unless it is determined that using this method would not reflect an investment’s fair value. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.

The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Legg Mason North Atlantic Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

•

Level 1 – quoted prices in active markets for identical investments

Notes to Schedule of Investments (unaudited) (continued)

•

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:


ASSETS
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Long-term investments†:
Corporate bonds & notes:
Consumer discretionary		—	$	43,928,924	$	611,975		$	44,540,899
Materials		—		40,726,714		0	*		40,726,714
Utilities		—		10,153,618		1,232,270			11,385,888
Other corporate bonds & notes		—		267,407,474		—			267,407,474
Asset-backed securities		—		1,094,556		348,000			1,442,556
Convertible bonds & notes		—		1,032,467		—			1,032,467
Senior loans:
Consumer discretionary		—		1,124,329		568,400			1,692,729
Energy		—		—		389,937			389,937
Materials		—		81,208		455,593			536,801
Utilities		—		610,832		606,430			1,217,262
Other senior loans		—		2,072,371		—			2,072,371
Sovereign bonds		—		65,198,333		—			65,198,333
Common stocks:
Consumer discretionary	$	1,262,018		—		0	*		1,262,018
Health care		—		—		705,500			705,500
Industrials		627,907		—		365,520			993,427
Materials		—		—		117,488			117,488
Other common stocks		4,860,435		—		—			4,860,435
Convertible preferred stocks		—		330,438		—			330,438
Preferred stocks		3,772,162		—		—			3,772,162

Total long-term investments	$	10,522,522	$	433,761,264	$	5,401,113		$	449,684,899

Short-term investments†		—		4,000,000		—			4,000,000

Total investments	$	10,522,522	$	437,761,264	$	5,401,113		$	453,684,899

Other financial instruments:
Futures contracts	$	88,333		—		—		$	88,333
Forward foreign currency contracts		—	$	666,094		—			666,094

Total other financial instruments	$	88,333	$	666,094		—		$	754,427

Total	$	10,610,855	$	438,427,358	$	5,401,113		$	454,439,326


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Other financial instruments:
Forward Foreign Currency Contracts		—	$	1,287,666		—		$	1,287,666

†	See Schedule of Investments for additional detailed categorizations.

*	Amount represents less than $1.

Notes to Schedule of Investments (unaudited) (continued)

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:


	CORPORATE BOND & NOTES
INVESTMENTS IN SECURITIES	CONSUMER DISCRETIONARY			INDUSTRIALS			MATERIALS			UTILITIES			ASSET-BACKED SECURITIES
Balance as of May 31, 2015	$	891,906		$	1,091,622		$	0	*	$	1,454,074		$	348,000
Accrued premiums/discounts		3,982			1,791			—			104			1,028
Realized gain (loss)		—			—			—			—			—
Change in unrealized appreciation (depreciation)¹		(24,362	)		(19,501	)		—			(77,323	)		(1,028	)
Purchases		32,188			—			—			—			—
Sales		(291,739	)		(31,755	)		—			(78,005	)		—
Transfers into Level 3		—			—			—			—			—
Transfers out of Level 3²		—			(1,042,157	)		—			(66,580	)		—

Balance as of August 31, 2015	$	611,975			—		$	0	*	$	1,232,270		$	348,000

Net change in unrealized appreciation (depreciation) for investments in securities still held at August 31, 2015¹	$	(24,362	)		—		$	—		$	(74,855	)	$	(1,028	)


	SENIOR LOANS
INVESTMENTS IN SECURITIES CONT’D	CONSUMER DISCRETIONARY			CONSUMER STAPLES			ENERGY			MATERIALS		UTILITIES
Balance as of May 31, 2015	$	724,200		$	313,875		$	559,298			—		—
Accrued premiums/discounts		457			309			332			—		—
Realized gain (loss)		—			—			2,872			—		—
Change in unrealized appreciation (depreciation)¹		9,559			(1,665	)		(47,228	)		—		—
Purchases		557,200			—			—			—		—
Sales		—			—			(125,337	)		—		—
Transfers into Level 3³		—			—			—		$	455,593	$	606,430
Transfers out of Level 3²		(723,016	)		(312,519	)		—			—		—

Balance as of August 31, 2015	$	568,400			—		$	389,937		$	455,593	$	606,430

Net change in unrealized appreciation (depreciation) for investments in securities still held at August 31, 2015¹	$	11,141		$	(1,665	)	$	(47,228	)		—		—


	COMMON STOCKS
INVESTMENTS IN SECURITIES CONT’D	CONSUMER DISCRETIONARY			HEALTH CARE		INDUSTRIALS			MATERIALS		TOTAL
Balance as of May 31, 2015	$	0	*	$	705,500	$	533,991			—	$	6,622,466
Accrued premiums/discounts		—			—		—			—		8,003
Realized gain (loss)		—			—		—			—		2,872
Change in unrealized appreciation (depreciation)¹		—			—		(168,471	)		—		(330,019	)
Purchases		—			—		—			—		589,388
Sales		—			—		—			—		(526,836	)
Transfers into Level 3³		—			—		—		$	117,488		1,179,511
Transfers out of Level 3²		—			—		—			—		(2,144,272	)

Balance as of August 31, 2015	$	0	*	$	705,500	$	365,520		$	117,488	$	5,401,113

Net change in unrealized appreciation (depreciation) for investments in securities still held at August 31, 2015¹		—			—	$	(168,471	)	$	—	$	(306,468	)

The Fund’s policy is to recognize transfers between levels as of the end of the reporting period.

*	Amount represents less than $1.

¹	Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the reporting period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.

²	Transferred out of Level 3 as a result of the availability of a quoted price in an active market for an identical investment or the availability of other significant observable inputs.

³	Transferred into Level 3 as a result of the unavailability of a quoted price in an active market for an identical investment or the unavailability of other significant observable inputs.

Notes to Schedule of Investments (unaudited) (continued)

2. Investments

At August 31, 2015, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:


Gross unrealized appreciation	$	18,962,931
Gross unrealized depreciation		(37,247,261	)

Net unrealized depreciation	$	(18,284,330	)

At August 31, 2015, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Basis Value		Market Value		Unrealized Appreciation
Contracts to Buy:
Euro		51		9/15	$	7,129,053	$	7,164,862	$	35,809

Contracts to Sell:
U.S. Treasury 5-Year Notes		161		12/15		19,281,961		19,229,437		52,524

Net unrealized appreciation on open futures contracts									$	88,333

At August 31, 2015, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	3,426,065		BRL	10,973,000	Citibank N.A.		9/15/15	$	414,989
EUR	260,000		USD	285,353	Bank of America N.A.		10/16/15		6,601
EUR	5,138,577		USD	5,785,329	Bank of America N.A.		10/16/15		(15,231	)
USD	4,086,552		EUR	3,701,000	Bank of America N.A.		10/16/15		(69,294	)
EUR	2,400,000		USD	2,635,152	Barclays Bank PLC		11/13/15		61,081
USD	6,566,876		MXN	108,421,562	Barclays Bank PLC		11/13/15		112,483
USD	2,989,741		EUR	2,751,465	Citibank N.A.		11/13/15		(101,338	)
USD	1,875,811		GBP	1,220,000	Citibank N.A.		11/13/15		4,452
USD	453,403		PLN	1,746,895	Citibank N.A.		11/13/15		(8,259	)
USD	4,363,942		EUR	4,000,753	Credit Suisse		11/13/15		(130,627	)
USD	1,966,204		GBP	1,258,661	Credit Suisse		11/13/15		35,543
MXN	52,397,085		USD	3,219,616	Morgan Stanley & Co.		11/13/15		(100,390	)
EUR	160,000		USD	178,035	UBS AG		11/13/15		1,714
EUR	300,000		USD	335,217	UBS AG		11/13/15		1,812
USD	23,998,949		EUR	22,063,617	UBS AG		11/13/15		(787,991	)
USD	1,838,765		GBP	1,180,876	UBS AG		11/13/15		27,419
INR	239,557,744		SGD	5,138,320	Bank of America N.A.		11/16/15		(74,536	)

Total								$	(621,572	)

Abbreviations used in this table:


BRL		— Brazilian Real
EUR		— Euro
GBP		— British Pound
INR		— Indian Rupee
MXN		— Mexican Peso
PLN		— Polish Zloty
SGD		— Singapore Dollar
USD		— United States Dollar

ITEM 2.

CONTROLS AND PROCEDURES.

(a)

The registrant’s principal executive officer and principal financial officer 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”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

(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) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 3.

EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, 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.

Western Asset Global High Income Fund Inc.



By		/s/ JANE TRUST
		Jane Trust
		Chief Executive Officer

Date: October 21, 2015

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		/s/ JANE TRUST
		Jane Trust
		Chief Executive Officer

Date: October 21, 2015



By		/s/ RICHARD F. SENNETT
		Richard F. Sennett
		Principal Financial Officer

Date: October 21, 2015