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: February 28, 2015

ITEM 1.

SCHEDULE OF INVESTMENTS.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.

FORM N-Q

FEBRUARY 28, 2015

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
CORPORATE BONDS & NOTES - 104.1%
CONSUMER DISCRETIONARY - 15.7%
Auto Components - 0.4%
Europcar Groupe SA, Senior Notes		11.500	%		5/15/17		200,000	^EUR	$	253,510	^(a)
Europcar Groupe SA, Senior Notes		9.375	%		4/15/18		1,075,000	^EUR		1,263,621	^(a)

Total Auto Components										1,517,131

Automobiles - 0.2%
Chrysler Group LLC/CG Co.-Issuer Inc., Secured Notes		8.250	%		6/15/21		690,000			773,663	^(b)

Diversified Consumer Services - 0.5%
Co-operative Group Holdings 2011 Ltd., Senior Notes		6.875	%		7/8/20		100,000	^GBP		167,260	^(c)
Co-operative Group Holdings 2011 Ltd., Senior Notes		7.500	%		7/8/26		260,000	^GBP		445,507
Service Corp. International, Senior Notes		7.625	%		10/1/18		185,000			212,288	^(b)
Service Corp. International, Senior Notes		7.500	%		4/1/27		480,000			561,600	^(b)
StoneMor Partners LP/Cornerstone Family Services of WV, Senior Bonds		7.875	%		6/1/21		500,000			526,250	^(b)

Total Diversified Consumer Services										1,912,905

Hotels, Restaurants & Leisure - 3.4%
24 Hour Holdings III LLC, Senior Notes		8.000	%		6/1/22		510,000			439,875	^(a)
Bossier Casino Venture Holdco Inc.		11.000	%		2/9/18		214,213			219,676	^(a)(d)(e)
Bossier Casino Venture Holdco Inc., Senior Secured Bonds		14.000	%		2/9/18		901,982			791,399	^(a)(d)(e)(f)
Boyd Gaming Corp., Senior Notes		9.125	%		12/1/18		410,000			430,500	^(b)
Caesars Entertainment Resort Properties LLC, Secured Notes		11.000	%		10/1/21		480,000			427,200	^(a)
Carlson Travel Holdings Inc., Senior Notes		7.500	%		8/15/19		270,000			274,050	^(a)(f)
Carrols Restaurant Group Inc., Senior Secured Notes		11.250	%		5/15/18		770,000			827,750	^(b)
CCM Merger Inc., Senior Notes		9.125	%		5/1/19		940,000			1,026,950	^(a)
CEC Entertainment Inc., Senior Notes		8.000	%		2/15/22		1,020,000			994,500
Choctaw Resort Development Enterprise, Senior Notes		7.250	%		11/15/19		482,000			479,590	^(a)
Cleopatra Finance Ltd., Senior Secured Notes		6.500	%		2/15/25		800,000			799,000	^(a)(b)
Downstream Development Quapaw, Senior Secured Notes		10.500	%		7/1/19		700,000			612,500	^(a)(b)
Enterprise Inns PLC, Senior Secured Bonds		6.500	%		12/6/18		1,095,000	^GBP		1,809,698
Greektown Holdings LLC/Greektown Mothership Corp., Senior Secured Notes		8.875	%		3/15/19		530,000			568,425	^(a)(b)
Landry’s Holdings II Inc., Senior Notes		10.250	%		1/1/18		420,000			440,475	^(a)
Landry’s Inc., Senior Notes		9.375	%		5/1/20		1,934,000			2,095,972	^(a)
Nathan’s Famous Inc., Senior Secured Notes		10.000	%		3/15/20		200,000			200,000	^(a)
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			678,375	^(a)
Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp., Senior Secured Notes		9.500	%		6/15/19		141,000			150,165	^(a)(b)

Total Hotels, Restaurants & Leisure										13,266,100

Household Durables - 0.9%
Century Intermediate Holding Co. 2, Senior Notes		9.750	%		2/15/19		1,020,000			1,090,125	^(a)(b)(f)
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			641,025	^(b)
Woodside Homes Co., LLC/Woodside Homes Finance Inc., Senior Notes		6.750	%		12/15/21		1,050,000			1,023,750	^(a)(b)

Total Household Durables										3,655,450

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Media - 7.5%
Altice SA, Senior Secured Notes		7.750	%		5/15/22		440,000		$	455,400	^(a)(b)
Carmike Cinemas Inc., Secured Notes		7.375	%		5/15/19		290,000			308,850	^(b)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		8.125	%		4/30/20		3,990,000			4,194,487	^(b)
CCO Holdings LLC/CCO Holdings Capital Corp., Senior Notes		7.375	%		6/1/20		260,000			278,850	^(b)
Cerved Group SpA, Senior Secured Notes		6.375	%		1/15/20		100,000	^EUR		120,298	^(a)
Cerved Group SpA, Senior Subordinated Notes		8.000	%		1/15/21		150,000	^EUR		184,825	^(a)
Clear Channel Worldwide Holdings Inc., Senior Notes		6.500	%		11/15/22		250,000			263,125	^(b)
Clear Channel Worldwide Holdings Inc., Senior Subordinated Notes		7.625	%		3/15/20		70,000			73,675
CSC Holdings Inc., Senior Debentures		7.875	%		2/15/18		1,500,000			1,696,875	^(b)
DISH DBS Corp., Senior Notes		7.875	%		9/1/19		920,000			1,040,750	^(b)
DISH DBS Corp., Senior Notes		6.750	%		6/1/21		190,000			203,063	^(b)
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		2,840,000			2,832,900	^(b)
Gibson Brands Inc., Senior Secured Notes		8.875	%		8/1/18		710,000			701,125	^(a)(b)
Grupo Televisa SAB, Senior Bonds		6.625	%		1/15/40		20,000			25,107
iHeartCommunications Inc., Senior Notes		10.000	%		1/15/18		720,000			642,600
MDC Partners Inc., Senior Notes		6.750	%		4/1/20		500,000			528,125	^(a)(b)
Myriad International Holdings BV, Senior Notes		6.000	%		7/18/20		330,000			370,425	^(a)
New Cotai LLC/New Cotai Capital Corp., Senior Secured Notes		10.625	%		5/1/19		974,427			984,171	^(a)(f)
Nexstar Broadcasting Inc., Senior Notes		6.125	%		2/15/22		660,000			674,850	^(a)(b)
Numericable-SFR, Senior Secured Bonds		6.000	%		5/15/22		1,290,000			1,314,187	^(a)
Numericable-SFR, Senior Secured Bonds		6.250	%		5/15/24		2,100,000			2,158,275	^(a)
Polish Television Holding BV, Senior Secured Bonds		11.000	%		1/15/21		200,000	^EUR		272,489	^(a)(f)
Time Warner Cable Inc., Senior Notes		8.750	%		2/14/19		922,000			1,140,098	^(g)
Time Warner Cable Inc., Senior Notes		8.250	%		4/1/19		352,000			430,330	^(g)
TVN Finance Corp. III AB, Senior Bonds		7.375	%		12/15/20		231,000	^EUR		290,813	^(a)
TVN Finance Corp. III AB, Senior Notes		7.875	%		11/15/18		150,000	^EUR		175,418	^(a)
UBM PLC, Notes		5.750	%		11/3/20		1,500,000			1,647,919	^(a)(b)
Univision Communications Inc., Senior Notes		8.500	%		5/15/21		710,000			765,025	^(a)
Univision Communications Inc., Senior Secured Notes		7.875	%		11/1/20		300,000			323,250	^(a)(b)
Univision Communications Inc., Senior Secured Notes		6.750	%		9/15/22		81,000			88,290	^(a)
UPCB Finance II Ltd., Senior Notes		6.375	%		7/1/20		750,000	^EUR		882,301	^(c)
Virgin Media Finance PLC, Senior Notes		6.375	%		4/15/23		1,510,000			1,638,350	^(a)(b)
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		930,000			1,003,238	^(a)(b)
Virgin Media Finance PLC, Senior Notes		5.750	%		1/15/25		200,000			212,750	^(a)
WMG Acquisition Corp., Senior Notes		6.750	%		4/15/22		840,000			802,200	^(a)

Total Media										28,724,434

Multiline Retail - 0.2%
Neiman Marcus Group LLC, Senior Notes		8.000	%		10/15/21		500,000			528,125	^(a)
Neiman Marcus Group LLC, Senior Secured Notes		7.125	%		6/1/28		180,000			184,950	^(b)

Total Multiline Retail										713,075

Specialty Retail - 2.3%
AA Bond Co., Ltd., Secured Notes		9.500	%		7/31/19		260,000	^GBP		442,846	^(a)
American Greetings Corp., Senior Notes		7.375	%		12/1/21		700,000			750,750	^(b)
Edcon Pty Ltd., Senior Secured Notes		9.500	%		3/1/18		1,825,000	^EUR		1,687,035	^(a)
Edcon Pty Ltd., Senior Secured Notes		9.500	%		3/1/18		1,110,000	^EUR		1,026,087	^(c)
Gap Inc., Senior Notes		5.950	%		4/12/21		1,750,000			2,003,473	^(g)
Guitar Center Inc., Senior Secured Bonds		6.500	%		4/15/19		1,830,000			1,560,075	^(a)(b)
Hot Topic Inc., Senior Secured Notes		9.250	%		6/15/21		430,000			471,925	^(a)(b)
Spencer Spirit Holdings Inc., Senior Notes		9.000	%		5/1/18		925,000			944,656	^(a)(f)

Total Specialty Retail										8,886,847

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Textiles, Apparel & Luxury Goods - 0.3%
Chinos Intermediate Holdings A Inc., Senior Notes		7.750	%		5/1/19		570,000	$	504,450	^(a)(f)
Empire Today LLC/Empire Today Finance Corp., Senior Secured Notes		11.375	%		2/1/17		650,000		539,500	^(a)(b)

Total Textiles, Apparel & Luxury Goods									1,043,950

TOTAL CONSUMER DISCRETIONARY									60,493,555

CONSUMER STAPLES - 2.6%
Beverages - 0.5%
Carolina Beverage Group LLC/Carolina Beverage Group Finance Inc., Secured Notes		10.625	%		8/1/18		600,000		597,000	^(a)
Cott Beverages Inc., Senior Notes		6.750	%		1/1/20		590,000		591,475	^(a)(b)
DS Services of America Inc., Secured Notes		10.000	%		9/1/21		630,000		738,675	^(a)

Total Beverages									1,927,150

Food & Staples Retailing - 0.4%
Beverages & More Inc., Senior Secured Notes		10.000	%		11/15/18		850,000		802,188	^(a)
Family Tree Escrow LLC, Senior Notes		5.750	%		3/1/23		610,000		645,075	^(a)

Total Food & Staples Retailing									1,447,263

Food Products - 1.4%
BRF SA, Senior Notes		4.750	%		5/22/24		951,000		940,301	^(a)(b)
Dole Food Co. Inc., Senior Secured Notes		7.250	%		5/1/19		820,000		834,350	^(a)
Hearthside Group Holdings LLC/Hearthside Finance Co., Senior Notes		6.500	%		5/1/22		780,000		785,850	^(a)
Marfrig Holding Europe BV, Senior Notes		8.375	%		5/9/18		200,000		195,000	^(c)
Marfrig Holding Europe BV, Senior Notes		6.875	%		6/24/19		610,000		551,745	^(a)(b)
Marfrig Overseas Ltd., Senior Notes		9.500	%		5/4/20		420,000		416,220	^(a)
Simmons Foods Inc., Secured Notes		7.875	%		10/1/21		980,000		982,450	^(a)
Virgolino de Oliveira Finance SA, Senior Secured Notes		10.875	%		1/13/20		1,990,000		437,800	^(a)(b)
Wells Enterprises Inc., Senior Secured Notes		6.750	%		2/1/20		296,000		302,660	^(a)(b)

Total Food Products									5,446,376

Household Products - 0.2%
Spectrum Brands Inc., Senior Notes		6.625	%		11/15/22		350,000		384,562	^(b)
Spectrum Brands Inc., Senior Notes		6.125	%		12/15/24		200,000		216,000	^(a)(b)
Sun Products Corp., Senior Notes		7.750	%		3/15/21		170,000		153,319	^(a)

Total Household Products									753,881

Tobacco - 0.1%
Alliance One International Inc., Secured Notes		9.875	%		7/15/21		790,000		669,525

TOTAL CONSUMER STAPLES									10,244,195

ENERGY - 18.5%
Energy Equipment & Services - 2.1%
Atwood Oceanics Inc., Senior Notes		6.500	%		2/1/20		1,360,000		1,312,400	^(b)
CGG, Senior Notes		6.500	%		6/1/21		550,000		452,375	^(b)
CGG, Senior Notes		6.875	%		1/15/22		420,000		343,350	^(b)
Hercules Offshore Inc., Senior Notes		7.500	%		10/1/21		490,000		144,550	^(a)(b)(e)
Hercules Offshore Inc., Senior Notes		6.750	%		4/1/22		1,110,000		330,225	^(a)(b)(e)
KCA Deutag UK Finance PLC, Senior Secured Notes		7.250	%		5/15/21		730,000		551,150	^(a)(b)
Key Energy Services Inc., Senior Notes		6.750	%		3/1/21		270,000		181,744
Offshore Drilling Holding SA, Senior Secured Notes		8.625	%		9/20/20		500,000		407,500	^(a)
Parker Drilling Co., Senior Notes		7.500	%		8/1/20		880,000		765,600	^(b)
SESI LLC, Senior Notes		7.125	%		12/15/21		780,000		785,850	^(b)
Sierra Hamilton LLC/Sierra Hamilton Finance Inc., Senior Secured Notes		12.250	%		12/15/18		730,000		649,700	^(a)(b)
TMK OAO Via TMK Capital SA, Senior Notes		6.750	%		4/3/20		460,000		335,800	^(a)(b)
Transocean Inc., Senior Notes		6.800	%		3/15/38		2,400,000		1,924,929	^(b)

Total Energy Equipment & Services									8,185,173

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - 16.4%
Anadarko Petroleum Corp., Senior Notes		6.450	%		9/15/36		50,000	$	63,979	^(g)
Apache Corp., Senior Notes		6.000	%		1/15/37		280,000		336,147	^(g)
Approach Resources Inc., Senior Notes		7.000	%		6/15/21		180,000		165,150	^(b)
Arch Coal Inc., Senior Notes		7.250	%		6/15/21		1,010,000		297,950
Berry Petroleum Co., Senior Notes		6.375	%		9/15/22		410,000		328,000	^(b)
Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Notes		6.125	%		11/15/22		470,000		485,275	^(a)(b)
California Resources Corp., Senior Notes		5.500	%		9/15/21		520,000		477,100	^(a)(b)
California Resources Corp., Senior Notes		6.000	%		11/15/24		1,530,000		1,371,263	^(a)(b)
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		9.625	%		8/1/20		430,000		460,100	^(b)
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		6.500	%		4/15/21		200,000		198,000	^(a)(b)
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Notes		7.625	%		1/15/22		520,000		533,000	^(b)
Carrizo Oil & Gas Inc., Senior Notes		7.500	%		9/15/20		620,000		636,275	^(b)
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		840,000		927,150	^(b)
Chesapeake Energy Corp., Senior Notes		6.125	%		2/15/21		730,000		779,275	^(b)
Colorado Interstate Gas Co., Senior Notes		6.800	%		11/15/15		160,000		166,399	^(g)
Comstock Resources Inc., Senior Notes		7.750	%		4/1/19		880,000		550,000	^(b)
Comstock Resources Inc., Senior Notes		9.500	%		6/15/20		600,000		375,000	^(b)
CONSOL Energy Inc., Senior Notes		8.250	%		4/1/20		790,000		826,538	^(b)
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		1,000,000		934,053	^(b)
Crestwood Midstream Partners LP, Senior Notes		6.125	%		3/1/22		800,000		808,000	^(b)
CrownRock LP/CrownRock Finance Inc., Senior Notes		7.750	%		2/15/23		580,000		600,300	^(a)
Devon Energy Corp., Debentures		7.950	%		4/15/32		230,000		326,638	^(g)
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		748,534		822,452	^(c)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		900,000		1,063,980	^(b)
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		227,000		245,387
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		260,000		250,874
EDC Finance Ltd., Senior Notes		4.875	%		4/17/20		520,000		416,000	^(a)
El Paso Corp., Medium-Term Notes		7.750	%		1/15/32		1,260,000		1,580,410	^(b)
El Paso Natural Gas Co., Bonds		8.375	%		6/15/32		70,000		90,192
Enterprise Products Operating LLC, Senior Bonds		6.300	%		9/15/17		550,000		616,282	^(g)
GeoPark Latin America Ltd. Agencia en Chile, Senior Secured Notes		7.500	%		2/11/20		420,000		321,300	^(a)
Globe Luxembourg SCA, Senior Secured Notes		9.625	%		5/1/18		2,030,000		1,736,868	^(a)(b)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		644,000		670,964	^(a)(b)
Halcon Resources Corp., Senior Notes		9.750	%		7/15/20		1,910,000		1,480,250
Halcon Resources Corp., Senior Notes		8.875	%		5/15/21		1,420,000		1,086,300
Kerr-McGee Corp., Notes		6.950	%		7/1/24		920,000		1,154,203	^(g)
Lonestar Resources America Inc., Senior Notes		8.750	%		4/15/19		290,000		230,550	^(a)
LUKOIL International Finance BV, Bonds		6.356	%		6/7/17		1,542,000		1,566,579	^(a)(b)
LUKOIL International Finance BV, Bonds		6.656	%		6/7/22		496,000		476,160	^(c)
Magnum Hunter Resources Corp., Senior Notes		9.750	%		5/15/20		1,930,000		1,727,350
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., Senior Notes		6.500	%		8/15/21		143,000		152,295	^(b)
Milagro Oil & Gas Inc., Secured Notes		10.500	%		5/15/16		900,000		616,500	^(h)
Murray Energy Corp., Senior Secured Notes		9.500	%		12/5/20		550,000		548,625	^(a)
Murray Energy Corp., Senior Secured Notes		8.625	%		6/15/21		490,000		477,750	^(a)
Natural Resource Partners LP/Natural Resource Partners Finance Corp., Senior Notes		9.125	%		10/1/18		600,000		573,000	^(b)
Natural Resource Partners LP/Natural Resource Partners Finance Corp., Senior Notes		9.125	%		10/1/18		210,000		200,550	^(a)
New Gulf Resources LLC/NGR Finance Corp., Senior Secured Notes		11.750	%		5/15/19		780,000		616,200
Oleoducto Central SA, Senior Notes		4.000	%		5/7/21		480,000		476,400	^(a)(b)
Pacific Rubiales Energy Corp., Senior Notes		5.375	%		1/26/19		870,000		643,800	^(a)(b)
Pacific Rubiales Energy Corp., Senior Notes		7.250	%		12/12/21		780,000		563,550	^(b)(c)
Pacific Rubiales Energy Corp., Senior Notes		5.125	%		3/28/23		900,000		596,250	^(a)(b)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		382,000		399,190	^(c)
Pan American Energy LLC, Senior Notes		7.875	%		5/7/21		283,000		295,735	^(a)
Parsley Energy LLC/Parsley Finance Corp., Senior Notes		7.500	%		2/15/22		400,000		412,000	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Oil, Gas & Consumable Fuels - (continued)
Pemex Project Funding Master Trust, Senior Bonds		6.625	%		6/15/35		3,387,000		$	3,914,187	^(b)
Petrobras Global Finance BV, Senior Notes		7.250	%		3/17/44		1,300,000			1,181,622	^(b)
Petroleos de Venezuela SA, Bonds		6.000	%		5/16/24		480,000			160,032	^(c)
Petroleos de Venezuela SA, Senior Notes		8.500	%		11/2/17		2,641,000			1,747,286	^(c)
Petroleos Mexicanos, Notes		8.000	%		5/3/19		1,650,000			1,989,900	^(b)
Petroleos Mexicanos, Senior Notes		5.500	%		1/21/21		970,000			1,069,425	^(b)
Petroleos Mexicanos, Senior Notes		5.500	%		6/27/44		1,220,000			1,244,400	^(b)
Petroleos Mexicanos, Senior Notes		6.375	%		1/23/45		644,000			722,021
Petroleos Mexicanos, Senior Notes		5.625	%		1/23/46		420,000			431,760	^(a)
Petroleum Co. of Trinidad & Tobago Ltd., Senior Notes		9.750	%		8/14/19		870,000			1,030,950	^(a)(b)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		1,485,000			1,650,285	^(a)(b)
PT Pertamina Persero, Notes		5.250	%		5/23/21		1,040,000			1,116,700	^(a)
PT Pertamina Persero, Senior Notes		4.300	%		5/20/23		560,000			567,134	^(a)
Puma International Financing SA, Senior Bonds		6.750	%		2/1/21		1,980,000			1,973,070	^(a)
Quicksilver Resources Inc., Senior Notes		11.000	%		7/1/21		940,000			101,050
Reliance Holdings USA Inc., Senior Notes		4.500	%		10/19/20		970,000			1,033,398	^(a)(b)
Rosneft Finance SA, Senior Notes		6.625	%		3/20/17		300,000			291,750	^(c)
Rosneft Finance SA, Senior Notes		7.875	%		3/13/18		650,000			632,385	^(a)(b)
RSP Permian Inc., Senior Notes		6.625	%		10/1/22		1,430,000			1,446,087	^(a)(b)
Samson Investment Co., Senior Notes		9.750	%		2/15/20		750,000			258,750
Sanchez Energy Corp., Senior Notes		6.125	%		1/15/23		2,760,000			2,546,100	^(a)
Shelf Drilling Holdings Ltd., Senior Secured Notes		8.625	%		11/1/18		510,000			413,100	^(a)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		4/10/24		1,260,000			1,372,083	^(a)(b)
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., Senior Notes		7.500	%		7/1/21		370,000			391,275	^(b)
Teine Energy Ltd., Senior Notes		6.875	%		9/30/22		300,000			268,500	^(a)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		560,000			559,300	^(a)(b)
Whiting Canadian Holding Co. ULC, Senior Notes		8.125	%		12/1/19		770,000			806,575	^(b)
Williams Cos. Inc., Senior Notes		8.750	%		3/15/32		486,000			573,729	^(b)

Total Oil, Gas & Consumable Fuels										63,246,392

TOTAL ENERGY										71,431,565

FINANCIALS - 16.7%
Banks - 10.9%
Bank of America Corp., Junior Subordinated Notes		6.500	%		10/23/24		620,000			658,556	^(b)(i)(j)
Bank of America Corp., Senior Notes		5.650	%		5/1/18		490,000			544,658	^(g)
Bank of America Corp., Senior Notes		7.625	%		6/1/19		1,480,000			1,790,036	^(g)
Barclays Bank PLC, Subordinated Notes		10.179	%		6/12/21		2,050,000			2,826,727	^(a)(b)
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		5,000,000			5,731,250
Barclays PLC, Junior Subordinated Bonds		8.250	%		12/15/18		220,000			235,227	^(i)(j)
BBVA Banco Continental SA, Subordinated Notes		5.250	%		9/22/29		160,000			163,360	^(a)(j)
Citigroup Inc., Senior Notes		8.500	%		5/22/19		2,000,000			2,491,404	^(g)
Credit Agricole SA, Junior Subordinated Notes		7.875	%		1/23/24		1,000,000			1,055,183	^(a)(i)(j)
Credit Agricole SA, Subordinated Notes		8.375	%		10/13/19		870,000			1,037,475	^(a)(b)(i)(j)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		9/17/24		1,870,000			1,925,165	^(i)(j)
Industrial & Commercial Bank of China Ltd., Senior Notes		3.231	%		11/13/19		410,000			417,289	^(b)
Intesa Sanpaolo SpA, Senior Notes		3.625	%		8/12/15		2,600,000			2,629,528	^(a)(b)
Intesa Sanpaolo SpA, Subordinated Bonds		5.017	%		6/26/24		2,260,000			2,331,147	^(a)(b)
JPMorgan Chase & Co., Junior Subordinated Bonds		6.000	%		8/1/23		4,280,000			4,384,325	^(i)(j)
JPMorgan Chase & Co., Junior Subordinated Notes		6.100	%		10/1/24		2,000,000			2,057,500	^(i)(j)
M&T Bank Corp., Junior Subordinated Bonds		6.875	%		6/15/16		1,880,000			1,936,400	^(b)(i)
Novo Banco SA, Senior Notes		5.875	%		11/9/15		200,000	^EUR		228,454	^(c)

Royal Bank of Scotland Group PLC, Junior Subordinated Bonds		7.648	%		9/30/31		460,000			577,300	^(b)(i)(j)
Royal Bank of Scotland Group PLC, Subordinated Notes		6.100	%		6/10/23		2,920,000			3,278,588	^(b)
Royal Bank of Scotland NV, Subordinated Notes		7.750	%		5/15/23		340,000			404,974	^(b)
Royal Bank of Scotland PLC, Subordinated Notes		13.125	%		3/19/22		1,280,000	^AUD		1,165,715	^(c)(j)
Santander Issuances SAU, Notes		5.911	%		6/20/16		600,000			622,149	^(a)(b)
Societe Generale, Junior Subordinated Bond		7.875	%		12/18/23		3,040,000			3,089,400	^(a)(b)(i)(j)
Wells Fargo & Co., Junior Subordinated Bonds		5.875	%		6/15/25		460,000			486,450	^(b)(i)(j)

Total Banks										42,068,260

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Capital Markets - 1.6%
Goldman Sachs Group Inc., Senior Notes		6.150	%		4/1/18		330,000		$	371,086	^(g)
Goldman Sachs Group Inc., Senior Notes		7.500	%		2/15/19		1,430,000			1,709,642	^(g)
Goldman Sachs Group Inc., Subordinated Notes		6.750	%		10/1/37		2,500,000			3,240,147	^(b)
Merrill Lynch & Co. Inc., Notes		6.875	%		4/25/18		390,000			447,246	^(g)
Morgan Stanley, Medium-Term Notes		6.625	%		4/1/18		470,000			534,995	^(g)

Total Capital Markets										6,303,116

Consumer Finance - 1.1%
American Express Co., Junior Subordinated Notes		5.200	%		11/15/19		540,000			548,775	^(i)(j)
American Express Co., Notes		7.000	%		3/19/18		260,000			300,488	^(g)
GMAC International Finance BV, Senior Bonds		7.500	%		4/21/15		910,000	^EUR		1,027,073	^(c)
HSBC Finance Corp., Senior Notes		6.676	%		1/15/21		970,000			1,161,263	^(b)
SLM Corp., Medium-Term Notes, Senior Notes		8.450	%		6/15/18		590,000			675,550	^(b)
Stearns Holdings Inc., Senior Secured Notes		9.375	%		8/15/20		340,000			342,550	^(a)(b)
TMX Finance LLC/TitleMax Finance Corp., Senior Secured Notes		8.500	%		9/15/18		300,000			243,000	^(a)(b)

Total Consumer Finance										4,298,699

Diversified Financial Services - 2.1%
Argos Merger Sub Inc., Senior Notes		7.125	%		3/15/23		1,290,000			1,338,375	^(a)
General Electric Capital Corp., Senior Notes		5.625	%		5/1/18		650,000			731,155	^(g)
International Lease Finance Corp., Senior Notes		5.750	%		5/15/16		500,000			521,875	^(b)
International Lease Finance Corp., Senior Notes		8.750	%		3/15/17		1,620,000			1,812,294	^(b)
International Lease Finance Corp., Senior Notes		8.250	%		12/15/20		2,530,000			3,149,850	^(b)
ZFS Finance USA Trust II, Bonds		6.450	%		12/15/65		500,000			527,750	^(a)(b)(j)

Total Diversified Financial Services										8,081,299

Insurance - 0.3%
Fidelity & Guaranty Life Holdings Inc., Senior Notes		6.375	%		4/1/21		460,000			486,450	^(a)(b)
Liberty Mutual Group Inc., Junior Subordinated Bonds		7.800	%		3/15/37		490,000			590,450	^(a)

Total Insurance										1,076,900

Real Estate Management & Development - 0.7%
Country Garden Holdings Co., Ltd., Senior Notes		11.125	%		2/23/18		380,000			403,750	^(c)
Greystar Real Estate Partners LLC, Senior Secured Notes		8.250	%		12/1/22		850,000			888,250	^(a)(b)
Howard Hughes Corp., Senior Notes		6.875	%		10/1/21		1,110,000			1,172,438	^(a)

Total Real Estate Management & Development										2,464,438

TOTAL FINANCIALS										64,292,712

HEALTH CARE - 4.4%
Health Care Equipment & Supplies - 0.9%
ConvaTec Finance International SA, Senior Notes		8.250	%		1/15/19		550,000			557,329	^(a)(f)
ConvaTec Healthcare E SA, Senior Notes		10.875	%		12/15/18		1,460,000	^EUR		1,735,534	^(a)
Lantheus Medical Imaging Inc., Senior Notes		9.750	%		5/15/17		1,280,000			1,256,000

Total Health Care Equipment & Supplies										3,548,863

Health Care Providers & Services - 3.1%
Acadia Healthcare Co. Inc., Senior Notes		12.875	%		11/1/18		670,000			758,775	^(b)
CHS/Community Health Systems Inc., Senior Notes		8.000	%		11/15/19		980,000			1,051,050	^(b)
Crown Newco 3 PLC, Senior Subordinated Notes		8.875	%		2/15/19		750,000	^GBP		1,212,656	^(c)
DJO Finance LLC/DJO Finance Corp., Senior Notes		7.750	%		4/15/18		210,000			214,200
DJO Finance LLC/DJO Finance Corp., Senior Notes		9.875	%		4/15/18		1,200,000			1,248,000
DJO Finance LLC/DJO Finance Corp., Senior Subordinated Notes		9.750	%		10/15/17		150,000			154,500

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Health Care Providers & Services - (continued)
ExamWorks Group Inc., Senior Notes		9.000	%		7/15/19		1,340,000		$	1,427,100	^(b)
Fresenius U.S. Finance II Inc., Senior Notes		9.000	%		7/15/15		110,000			113,300	^(a)(b)
Humana Inc., Senior Notes		7.200	%		6/15/18		2,000,000			2,329,060	^(g)
IASIS Healthcare LLC/IASIS Capital Corp., Senior Notes		8.375	%		5/15/19		950,000			991,562
Jaguar Holding Co. II/Jaguar Merger Sub Inc., Senior Notes		9.500	%		12/1/19		290,000			313,563	^(a)(b)
Kindred Healthcare Inc., Senior Secured Notes		8.750	%		1/15/23		210,000			229,950	^(a)(b)
Labco SAS, Senior Secured Notes		8.500	%		1/15/18		146,000	^EUR		172,776	^(a)
Tenet Healthcare Corp., Senior Notes		8.125	%		4/1/22		760,000			862,600
Universal Hospital Services Inc., Secured Notes		7.625	%		8/15/20		1,110,000			951,825	^(b)

Total Health Care Providers & Services										12,030,917

Pharmaceuticals - 0.4%
JLL/Delta Dutch Newco BV, Senior Notes		7.500	%		2/1/22		750,000			773,438	^(a)
Valeant Pharmaceuticals International Inc., Senior Notes		5.500	%		3/1/23		490,000			497,350	^(a)(b)

Total Pharmaceuticals										1,270,788

TOTAL HEALTH CARE										16,850,568

INDUSTRIALS - 12.0%
Aerospace & Defense - 0.8%
CBC Ammo LLC/CBC FinCo Inc., Senior Notes		7.250	%		11/15/21		1,090,000			953,750	^(a)(b)
Ducommun Inc., Senior Notes		9.750	%		7/15/18		550,000			591,250	^(b)
Erickson Inc., Secured Notes		8.250	%		5/1/20		1,121,000			919,220	^(b)
GenCorp Inc., Secured Notes		7.125	%		3/15/21		420,000			446,250
LMI Aerospace Inc., Secured Notes		7.375	%		7/15/19		370,000			372,775	^(a)(b)

Total Aerospace & Defense										3,283,245

Air Freight & Logistics - 0.3%
XPO Logistics Inc., Senior Notes		7.875	%		9/1/19		990,000			1,056,206	^(a)(b)

Airlines - 0.8%
Air Canada, Pass-Through Trust, Secured Notes		6.625	%		5/15/18		310,000			325,949	^(a)
American Airlines, Pass-Through Trust, Secured Notes		7.000	%		1/31/18		296,737			319,734	^(a)(b)
Delta Air Lines Inc., Pass-Through Certificates, Secured Notes		8.021	%		8/10/22		309,461			359,594	^(b)
Delta Air Lines Inc., Secured Notes		6.375	%		1/2/16		260,000			269,750	^(a)(b)
Heathrow Finance PLC, Senior Secured Notes		7.125	%		3/1/17		900,000	^GBP		1,516,575	^(c)
United Airlines Inc., Pass-Through Certificates		7.373	%		12/15/15		143,599			148,798	^(b)

Total Airlines										2,940,400

Building Products - 0.3%
Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Notes		6.875	%		2/15/21		760,000			680,200	^(a)
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		550,000			518,375	^(a)(b)

Total Building Products										1,198,575

Commercial Services & Supplies - 2.0%
Garda World Security Corp., Senior Notes		7.250	%		11/15/21		420,000			412,650	^(a)
JM Huber Corp., Senior Notes		9.875	%		11/1/19		460,000			503,700	^(a)(b)
Monitronics International Inc., Senior Notes		9.125	%		4/1/20		1,620,000			1,597,725
RSC Equipment Rental Inc./RSC Holdings III LLC, Senior Notes		8.250	%		2/1/21		430,000			468,700	^(b)
Taylor Morrison Communities Inc./Monarch Communities Inc., Senior Notes		7.750	%		4/15/20		1,786,000			1,902,090	^(a)(b)
Taylor Morrison Communities Inc./Monarch Communities Inc., Senior Notes		7.750	%		4/15/20		309,000			329,085	^(a)(b)
Taylor Morrison Communities Inc./Monarch Communities Inc., Senior Notes		5.250	%		4/15/21		700,000			689,500	^(a)(b)
United Rentals North America Inc., Senior Notes		7.625	%		4/15/22		948,000			1,057,788	^(b)
United Rentals North America Inc., Senior Subordinated Notes		8.375	%		9/15/20		270,000			290,250	^(b)
West Corp., Senior Notes		5.375	%		7/15/22		310,000			302,250	^(a)(b)

Total Commercial Services & Supplies										7,553,738

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Construction & Engineering - 1.7%
Astaldi SpA, Senior Bonds		7.125	%		12/1/20		540,000	^EUR	$	652,630	^(a)
Ausdrill Finance Pty Ltd., Senior Notes		6.875	%		11/1/19		630,000			475,650	^(a)(b)
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/21		640,000			661,600	^(a)(b)
Empresas ICA SAB de CV, Senior Notes		8.875	%		5/29/24		1,477,000			1,014,995	^(a)(b)
Michael Baker Holdings LLC/Michael Baker Finance Corp., Senior Notes		8.875	%		4/15/19		830,000			780,200	^(a)(f)
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			604,000	^(a)(b)
Odebrecht Finance Ltd., Senior Notes		4.375	%		4/25/25		1,660,000			1,344,600	^(a)(b)
Odebrecht Offshore Drilling Finance Ltd., Senior Secured Notes		6.625	%		10/1/22		192,480			149,422	^(a)

Total Construction & Engineering										6,633,697

Electrical Equipment - 0.3%
International Wire Group Holdings Inc., Senior Secured Notes		8.500	%		10/15/17		560,000			588,000	^(a)(b)
NES Rentals Holdings Inc., Senior Secured Notes		7.875	%		5/1/18		490,000			498,575	^(a)
Trionista TopCo GmbH, Senior Subordinated Notes		6.875	%		4/30/21		100,000	^EUR		120,745	^(a)

Total Electrical Equipment										1,207,320

Industrial Conglomerates - 0.4%
Alfa SAB de CV, Senior Notes		5.250	%		3/25/24		200,000			215,000	^(a)(b)
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		200,000			222,500	^(a)
Leucadia National Corp., Senior Notes		8.125	%		9/15/15		540,000			559,591
Sinochem Overseas Capital Co., Ltd., Senior Notes		4.500	%		11/12/20		380,000			407,917	^(a)(b)

Total Industrial Conglomerates										1,405,008

Machinery - 1.7%
CTP Transportation Products LLC/CTP Finance Inc., Senior Secured Notes		8.250	%		12/15/19		320,000			336,000	^(a)(b)
Dematic SA/DH Services Luxembourg Sarl, Senior Notes		7.750	%		12/15/20		1,490,000			1,568,225	^(a)
Gardner Denver Inc., Senior Notes		6.875	%		8/15/21		280,000			273,000	^(a)
Global Brass and Copper Inc., Senior Secured Notes		9.500	%		6/1/19		680,000			737,800	^(b)
KION Finance SA, Senior Secured Notes		6.750	%		2/15/20		1,620,000	^EUR		1,966,048	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		339,225	^EUR		419,687	^(a)
KraussMaffei Group GmbH, Senior Secured Notes		8.750	%		12/15/20		303,517	^EUR		375,510	^(c)
Onex Wizard Acquisition Co. II SCA, Senior Bonds		7.750	%		2/15/23		430,000	^EUR		506,454	^(a)
SPL Logistics Escrow LLC/SPL Logistics Finance Corp., Senior Secured Notes		8.875	%		8/1/20		480,000			507,600	^(a)(b)

Total Machinery										6,690,324

Marine - 0.6%
Horizon Lines LLC, Senior Secured Notes		11.000	%		10/15/16		502,000			505,765	^(e)
Navios Maritime Acquisition Corp./Navios Acquisition Finance U.S. Inc., Senior Secured Notes		8.125	%		11/15/21		1,120,000			1,125,600	^(a)(b)
Ultrapetrol Bahamas Ltd., Senior Secured Notes		8.875	%		6/15/21		570,000			564,300

Total Marine										2,195,665

Road & Rail - 1.7%
Flexi-Van Leasing Inc., Senior Notes		7.875	%		8/15/18		670,000			676,700	^(a)(b)
Florida East Coast Holdings Corp., Senior Notes		9.750	%		5/1/20		930,000			911,400	^(a)
Florida East Coast Holdings Corp., Senior Secured Notes		6.750	%		5/1/19		490,000			506,538	^(a)(b)
Gategroup Finance Luxembourg SA, Senior Notes		6.750	%		3/1/19		1,200,000	^EUR		1,430,549	^(c)
Gategroup Finance Luxembourg SA, Senior Notes		6.750	%		3/1/19		210,000	^EUR		250,346	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Road & Rail - (continued)
Jack Cooper Holdings Corp., Senior Secured Notes		9.250	%		6/1/20		1,460,000		$	1,511,100	^(a)(b)
Jurassic Holdings III Inc., Secured Notes		6.875	%		2/15/21		660,000			574,200	^(a)
Quality Distribution LLC/QD Capital Corp., Secured Notes		9.875	%		11/1/18		824,000			867,260	^(b)

Total Road & Rail										6,728,093

Trading Companies & Distributors - 0.3%
H&E Equipment Services Inc., Senior Notes		7.000	%		9/1/22		980,000			1,011,850	^(b)

Transportation - 0.9%
CMA CGM, Senior Notes		8.500	%		4/15/17		710,000			729,525	^(a)
Hapag-Lloyd AG, Senior Notes		9.750	%		10/15/17		910,000			955,500	^(a)(b)
Neovia Logistics Intermediate Holdings LLC/Logistics Intermediate Finance Corp., Senior Notes		10.000	%		2/15/18		1,090,000			1,100,900	^(a)(f)
Syncreon Group BV/Syncreon Global Finance U.S. Inc., Senior Notes		8.625	%		11/1/21		910,000			809,900	^(a)

Total Transportation										3,595,825

Transportation Infrastructure - 0.2%
Aguila 3 SA, Senior Secured Notes		7.875	%		1/31/18		450,000			456,750	^(a)(b)
Mersin Uluslararasi Liman Isletmeciligi AS, Notes		5.875	%		8/12/20		220,000			235,688	^(a)

Total Transportation Infrastructure										692,438

TOTAL INDUSTRIALS										46,192,384

INFORMATION TECHNOLOGY - 2.2%
Electronic Equipment, Instruments & Components - 0.3%
Interface Security Systems Holdings Inc./Interface Security Systems LLC, Senior Secured Notes		9.250	%		1/15/18		700,000			700,000	^(b)
Techem GmbH, Senior Secured Notes		6.125	%		10/1/19		350,000	^EUR		419,574	^(a)

Total Electronic Equipment, Instruments & Components										1,119,574

Internet Software & Services - 0.4%
Ancestry.com Inc., Senior Notes		9.625	%		10/15/18		350,000			343,000	^(a)(f)
Ancestry.com Inc., Senior Notes		11.000	%		12/15/20		590,000			653,425
Zayo Group LLC/Zayo Capital Inc., Senior Secured Notes		8.125	%		1/1/20		486,000			516,982	^(b)

Total Internet Software & Services										1,513,407

IT Services - 0.9%
Compiler Finance Subordinated Inc., Senior Notes		7.000	%		5/1/21		730,000			551,150	^(a)
First Data Corp., Secured Notes		8.250	%		1/15/21		380,000			409,450	^(a)
First Data Corp., Senior Notes		12.625	%		1/15/21		840,000			1,005,900
First Data Corp., Senior Secured Notes		6.750	%		11/1/20		663,000			712,725	^(a)(b)
First Data Corp., Senior Subordinated Notes		11.750	%		8/15/21		654,000			765,180

Total IT Services										3,444,405

Semiconductors & Semiconductor Equipment - 0.2%
Micron Technology Inc., Senior Notes		5.250	%		8/1/23		510,000			523,388	^(a)(b)

Software - 0.4%
Audatex North America Inc., Senior Notes		6.000	%		6/15/21		550,000			587,125	^(a)(b)
Oberthur Technologies Holding SAS, Senior Secured Notes		9.250	%		4/30/20		890,000	^EUR		1,045,752	^(a)

Total Software										1,632,877

Technology Hardware, Storage & Peripherals - 0.0%
Project Homestake Merger Corp., Senior Notes		8.875	%		3/1/23		130,000			130,000	^(a)

TOTAL INFORMATION TECHNOLOGY										8,363,651

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
MATERIALS - 12.8%
Chemicals - 1.2%
Alpek SA de CV, Senior Notes		4.500	%		11/20/22		382,000		$	397,280	^(a)(b)
Eco Services Operations LLC/Eco Finance Corp., Senior Notes		8.500	%		11/1/22		410,000			417,175	^(a)
HIG BBC Intermediate Holdings LLC/HIG BBC Holdings Corp., Senior Notes		10.500	%		9/15/18		390,000			367,575	^(a)(f)
Kerling PLC, Senior Secured Notes		10.625	%		2/1/17		792,000	^EUR		898,474	^(a)
KP Germany Erste GmbH, Senior Secured Notes		11.625	%		7/15/17		370,000	^EUR		451,773	^(a)
KP Germany Erste GmbH, Senior Secured Notes		11.625	%		7/15/17		290,000	^EUR		354,092	^(c)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		549,000			590,449	^(b)(c)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		250,000			268,875	^(a)(b)
OCP SA, Senior Notes		5.625	%		4/25/24		800,000			868,600	^(a)

Total Chemicals										4,614,293

Construction Materials - 1.3%
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		360,000			348,840	^(a)
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		140,000			135,660	^(c)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		550,000			630,080	^(a)
Cemex Finance LLC, Senior Secured Notes		9.375	%		10/12/22		450,000			515,520	^(c)
Cemex SAB de CV, Senior Secured Notes		5.700	%		1/11/25		1,510,000			1,484,330	^(a)
Cemex SAB de CV, Senior Secured Notes		6.125	%		5/5/25		410,000			413,741	^(a)
Cimpor Financial Operations BV, Senior Notes		5.750	%		7/17/24		780,000			620,100	^(a)
Hardwoods Acquisition Inc., Senior Secured Notes		7.500	%		8/1/21		680,000			656,200	^(a)(b)
NWH Escrow Corp., Senior Secured Notes		7.500	%		8/1/21		230,000			218,500	^(a)

Total Construction Materials										5,022,971

Containers & Packaging - 2.4%
Ardagh Finance Holdings SA, Senior Notes		8.625	%		6/15/19		678,498			709,031	^(a)(f)
Ardagh Packaging Finance PLC, Senior Notes		9.250	%		10/15/20		1,700,000	^EUR		2,040,308	^(a)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		9.125	%		10/15/20		1,080,000			1,158,300	^(a)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		7.000	%		11/15/20		176,471			176,029	^(a)
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA Inc., Senior Notes		6.750	%		1/31/21		790,000			799,875	^(a)
BWAY Holding Co., Senior Notes		9.125	%		8/15/21		850,000			888,250	^(a)
Coveris Holdings SA, Senior Notes		7.875	%		11/1/19		840,000			856,800	^(a)
Pactiv LLC, Senior Bonds		8.375	%		4/15/27		150,000			156,000
Pactiv LLC, Senior Notes		7.950	%		12/15/25		1,890,000			1,927,800
PaperWorks Industries Inc., Senior Secured Notes		9.500	%		8/15/19		540,000			550,125	^(a)(b)

Total Containers & Packaging										9,262,518

Metals & Mining - 6.6%
ArcelorMittal, Senior Notes		7.000	%		2/25/22		50,000			56,635	^(b)
Barminco Finance Pty Ltd., Senior Notes		9.000	%		6/1/18		670,000			654,925	^(a)(b)
Coeur Mining Inc., Senior Notes		7.875	%		2/1/21		1,500,000			1,350,000	^(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.750	%		11/4/20		360,000			374,063	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		1,000,000			1,058,684	^(a)(b)
Corporacion Nacional del Cobre de Chile, Senior Notes		3.875	%		11/3/21		600,000			635,210	^(b)(c)
CSN Resources SA, Senior Bonds		6.500	%		7/21/20		452,000			424,315	^(c)
CSN Resources SA, Senior Bonds		6.500	%		7/21/20		450,000			422,438	^(a)(b)
Evraz Group SA, Senior Notes		9.500	%		4/24/18		940,000			916,500	^(c)
Evraz Group SA, Senior Notes		6.500	%		4/22/20		810,000			670,072	^(c)
FMG Resources (August 2006) Pty Ltd., Senior Notes		8.250	%		11/1/19		520,000			493,350	^(a)(b)
FMG Resources (August 2006) Pty Ltd., Senior Notes		6.875	%		4/1/22		2,100,000			1,764,000	^(a)(b)
Freeport-McMoRan Inc., Senior Notes		4.550	%		11/14/24		2,000,000			1,892,118	^(b)

Gerdau Trade Inc., Senior Notes		4.750	%		4/15/23		440,000			431,288	^(a)(b)
Midwest Vanadium Pty Ltd., Senior Secured Notes		11.500	%		2/15/18		810,000			64,800	^(a)(e)(h)
Mirabela Nickel Ltd., Subordinated Notes		1.000	%		9/10/44		9,620			0	^(a)(d)(e)(k)
Prince Mineral Holding Corp., Senior Secured Notes		12.500	%		12/15/19		420,000			422,100	^(a)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Metals & Mining - (continued)
Rain CII Carbon LLC/CII Carbon Corp., Senior Secured Notes		8.250	%		1/15/21		1,250,000		$	1,214,062	^(a)(b)
Ryerson Inc./Joseph T. Ryerson & Son Inc., Senior Notes		11.250	%		10/15/18		227,000			239,485
Ryerson Inc./Joseph T. Ryerson & Son Inc., Senior Secured Notes		9.000	%		10/15/17		540,000			553,500
Samarco Mineracao SA, Senior Notes		4.125	%		11/1/22		670,000			625,613	^(a)
Schaeffler Holding Finance BV, Senior Secured Bonds		6.875	%		8/15/18		470,000			494,675	^(a)(b)(f)
Schaeffler Holding Finance BV, Senior Secured Notes		6.875	%		8/15/18		550,000	^EUR		650,868	^(a)(f)
Schaeffler Holding Finance BV, Senior Secured Notes		6.750	%		11/15/22		900,000			990,000	^(a)(b)(f)
Severstal OAO Via Steel Capital SA, Senior Notes		4.450	%		3/19/18		500,000			462,125	^(a)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		2,410,000			2,189,919	^(b)
St. Barbara Ltd., Senior Secured Notes		8.875	%		4/15/18		520,000			455,000	^(a)
Steel Dynamics Inc., Senior Notes		6.125	%		8/15/19		370,000			398,675	^(b)
Thompson Creek Metals Co. Inc., Senior Notes		12.500	%		5/1/19		550,000			489,500
Thompson Creek Metals Co. Inc., Senior Secured Notes		9.750	%		12/1/17		560,000			581,000
Tupy Overseas SA, Senior Bonds		6.625	%		7/17/24		560,000			510,552	^(a)
Vale Overseas Ltd., Notes		8.250	%		1/17/34		2,383,000			2,690,712	^(b)
Vedanta Resources PLC, Senior Notes		6.750	%		6/7/16		830,000			825,850	^(a)(b)
Vedanta Resources PLC, Senior Notes		9.500	%		7/18/18		160,000			161,200	^(c)
Vedanta Resources PLC, Senior Notes		6.000	%		1/31/19		460,000			420,900	^(a)(b)

Total Metals & Mining										25,584,134

Paper & Forest Products - 1.3%
Appvion Inc., Secured Notes		9.000	%		6/1/20		1,800,000			1,244,250	^(a)
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		202,000			238,682	^(b)
Celulosa Arauco y Constitucion SA, Senior Notes		4.750	%		1/11/22		245,000			259,894
Inversiones CMPC SA, Notes		4.750	%		1/19/18		460,000			485,230	^(a)(b)
Inversiones CMPC SA, Notes		4.375	%		5/15/23		260,000			267,376	^(a)
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		310,000			322,529	^(a)(b)
Klabin Finance SA, Senior Notes		5.250	%		7/16/24		660,000			644,787	^(a)
Resolute Forest Products Inc., Senior Notes		5.875	%		5/15/23		550,000			533,500	^(b)
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Bonds		11.750	%		1/15/19		170,000			168,512
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Notes		11.750	%		1/15/19		640,000			630,400
Verso Paper Holdings LLC/Verso Paper Inc., Senior Secured Notes		11.750	%		1/15/19		117,000			92,430

Total Paper & Forest Products										4,887,590

TOTAL MATERIALS										49,371,506

TELECOMMUNICATION SERVICES - 15.3%
Diversified Telecommunication Services - 10.5%
Axtel SAB de CV, Senior Secured Notes		9.000	%		1/31/20		2,233,000			1,981,564	^(a)
Bharti Airtel International Netherlands BV, Senior Bonds		5.350	%		5/20/24		630,000			700,289	^(a)(b)
British Telecommunications PLC, Bonds		9.625	%		12/15/30		240,000			390,364	^(b)
CenturyLink Inc., Senior Notes		5.800	%		3/15/22		3,840,000			4,099,200	^(b)
Cogent Communications Holdings Inc., Senior Secured Notes		8.375	%		2/15/18		900,000			944,550	^(a)(b)
Empresa Nacional de Telecomunicaciones S.A., Senior Notes		4.875	%		10/30/24		270,000			282,755	^(a)(b)
Intelsat Jackson Holdings SA, Senior Bonds		5.500	%		8/1/23		2,670,000			2,536,500	^(b)
Intelsat Jackson Holdings SA, Senior Notes		7.500	%		4/1/21		1,920,000			2,018,400	^(b)
Koninklijke KPN NV, Senior Notes		8.375	%		10/1/30		190,000			271,343	^(b)
Level 3 Financing Inc., Senior Notes		7.000	%		6/1/20		375,000			405,079	^(b)
Level 3 Financing Inc., Senior Notes		8.625	%		7/15/20		1,945,000			2,129,775	^(b)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		400,000			440,000	^(a)(b)
Telecom Italia SpA, Senior Notes		5.303	%		5/30/24		3,000,000			3,176,880	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Diversified Telecommunication Services - (continued)
Telefonica Emisiones SAU, Senior Notes		5.134	%		4/27/20		3,000,000		$	3,395,646	^(b)
Telemar Norte Leste SA, Senior Notes		5.500	%		10/23/20		690,000			629,625	^(a)(b)
Turk Telekomunikasyon AS, Senior Bonds		3.750	%		6/19/19		590,000			593,319	^(a)
Turk Telekomunikasyon AS, Senior Notes		4.875	%		6/19/24		420,000			425,460	^(a)
UBS Luxembourg SA for OJSC Vimpel Communications, Loan Participation Notes		8.250	%		5/23/16		358,000			368,013	^(c)
Unitymedia KabelBW GmbH, Senior Secured Notes		9.500	%		3/15/21		1,250,000	^EUR		1,564,922	^(a)
Unitymedia KabelBW GmbH, Senior Secured Notes		9.500	%		3/15/21		400,000	^EUR		500,775	^(c)
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		7,940,000			9,112,254	^(g)
Windstream Corp., Senior Notes		7.500	%		4/1/23		4,370,000			4,315,375	^(b)
Ziggo Bond Finance BV, Senior Notes		5.875	%		1/15/25		260,000			273,000	^(a)

Total Diversified Telecommunication Services										40,555,088

Wireless Telecommunication Services - 4.8%
Altice Financing SA, Senior Secured Notes		5.250	%		2/15/23		140,000	^EUR		167,830	^(a)
Altice Financing SA, Senior Secured Notes		6.625	%		2/15/23		1,470,000			1,537,987	^(a)(b)
Altice Finco SA, Senior Notes		7.625	%		2/15/25		400,000			417,204	^(a)(b)
America Movil SAB de CV, Senior Notes		5.625	%		11/15/17		504,000			557,592	^(b)
Indosat Palapa Co. BV, Senior Notes		7.375	%		7/29/20		900,000			948,375	^(a)(b)
Matterhorn Midco & Cy SCA, Senior Notes		7.750	%		2/15/20		760,000	^EUR		905,759	^(a)
Sprint Capital Corp., Senior Notes		6.875	%		11/15/28		1,190,000			1,124,550	^(b)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		2,580,000			2,738,025	^(b)
Sprint Communications Inc., Senior Notes		9.000	%		11/15/18		1,780,000			2,073,700	^(a)(b)
Sprint Corp., Senior Notes		7.875	%		9/15/23		1,440,000			1,494,000	^(b)
Sprint Corp., Senior Notes		7.625	%		2/15/25		2,840,000			2,882,600
Syniverse Holdings Inc., Senior Notes		9.125	%		1/15/19		755,000			787,088
T-Mobile USA Inc., Senior Notes		6.000	%		3/1/23		1,340,000			1,400,983	^(b)
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Senior Notes		7.748	%		2/2/21		820,000			747,446	^(a)(b)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		460,000			408,140	^(c)
VimpelCom Holdings BV, Senior Notes		7.504	%		3/1/22		250,000			221,815	^(a)(b)

Total Wireless Telecommunication Services										18,413,094

TOTAL TELECOMMUNICATION SERVICES										58,968,182

UTILITIES - 3.9%
Electric Utilities - 1.1%
AES Red Oak LLC, Secured Notes		9.200	%		11/30/29		1,180,000			1,298,000	^(b)
Centrais Eletricas Brasileiras SA, Senior Notes		6.875	%		7/30/19		380,000			373,426	^(a)
Comision Federal de Electricidad, Senior Notes		4.875	%		1/15/24		370,000			390,165	^(a)(b)
GenOn REMA LLC, Pass-Through Certificates		9.237	%		7/2/17		326,791			347,216
GenOn REMA LLC, Pass-Through Certificates		9.681	%		7/2/26		1,150,000			1,247,750	^(b)
Majapahit Holding BV, Senior Notes		7.750	%		1/20/20		370,000			436,138	^(c)
Midwest Generation LLC, Pass-Through Certificates		8.560	%		1/2/16		116,106			117,267
State Grid Overseas Investment 2013 Ltd., Senior Bonds		3.125	%		5/22/23		300,000			301,857	^(a)(b)

Total Electric Utilities										4,511,819

Gas Utilities - 0.3%
Gas Natural de Lima y Callao SA, Senior Notes		4.375	%		4/1/23		320,000			328,000	^(a)(b)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		200,000			199,750	^(c)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.700	%		3/20/22		480,000			517,056	^(a)(b)

Total Gas Utilities										1,044,806

Independent Power and Renewable Electricity Producers - 2.5%
AES Gener SA, Notes		5.250	%		8/15/21		450,000			485,089	^(a)(b)
Calpine Corp., Senior Secured Notes		7.875	%		1/15/23		2,243,000			2,528,983	^(a)(b)
Empresa Nacional de Electricidad SA, Senior Notes		4.250	%		4/15/24		240,000			253,023
First Wind Holdings Inc., Senior Secured Notes		10.250	%		6/1/18		1,430,000			1,539,938	^(a)(b)

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Independent Power and Renewable Electricity Producers - (continued)
Foresight Energy LLC/Foresight Energy Corp., Senior Notes		7.875	%		8/15/21		1,210,000		$	1,216,050	^(a)
Korea East-West Power Co., Ltd., Senior Notes		2.500	%		6/2/20		710,000			710,888	^(a)(b)
Mirant Mid Atlantic LLC, Pass-Through Certificates		9.125	%		6/30/17		85,111			88,515
Mirant Mid Atlantic LLC, Pass-Through Certificates		10.060	%		12/30/28		2,055,761			2,240,780
TerraForm Power Operating LLC, Senior Notes		5.875	%		2/1/23		540,000			562,950	^(a)(b)

Total Independent Power and Renewable Electricity Producers										9,626,216

TOTAL UTILITIES										15,182,841

TOTAL CORPORATE BONDS & NOTES (Cost - $397,783,259)										401,391,159

ASSET-BACKED SECURITIES - 0.4%
Finance America Net Interest Margin Trust, 2004-1 A		5.250	%		6/27/34		110,125			1	^(a)(e)(h)
Greenpoint Manufactured Housing, 1999-2 A2		2.903	%		3/18/29		425,000			389,739	^(j)
Greenpoint Manufactured Housing, 1999-3 2A2		3.503	%		6/19/29		200,000			174,000	^(j)
Greenpoint Manufactured Housing, 1999-4 A2		3.668	%		2/20/30		200,000			174,000	^(j)
Greenpoint Manufactured Housing, 2001-2 IA2		3.666	%		2/20/32		300,000			277,175	^(j)
Greenpoint Manufactured Housing, 2001-2 IIA2		3.667	%		3/13/32		475,000			432,947	^(j)
SAIL Net Interest Margin Notes, 2003-6A A		7.000	%		7/27/33		14,101			0	^(a)(e)(h)(k)
SAIL Net Interest Margin Notes, 2003-7A A		7.000	%		7/27/33		42,974			0	^(a)(e)(h)(k)

TOTAL ASSET-BACKED SECURITIES (Cost - $1,546,489)										1,447,862

CONVERTIBLE BONDS & NOTES - 0.3%
MATERIALS - 0.2%
Hercules Inc., Junior Subordinated Bonds		6.500	%		6/30/29		220,000			201,713
Mirabela Nickel Ltd., Senior Secured Bonds		9.500	%		6/24/19		731,155			562,989	^(a)(e)(f)

TOTAL MATERIALS										764,702

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		255,836	^(a)

TOTAL CONVERTIBLE BONDS & NOTES (Cost - $1,284,087)										1,020,538

SENIOR LOANS - 2.8%
CONSUMER DISCRETIONARY - 0.9%
Hotels, Restaurants & Leisure - 0.2%
Equinox Holdings Inc., Second Lien Term Loan		9.750	%		7/31/20		710,000			724,644	^(l)(m)

Specialty Retail - 0.6%
Gymboree Corp., Initial Term Loan		5.000	%		2/23/18		340,000			240,380	^(l)(m)
Petsmart Inc., Bridge Loan		-			4/1/16		2,170,000			2,170,000	^(d)(e)(m)(n)

Total Specialty Retail										2,410,380

Textiles, Apparel & Luxury Goods - 0.1%
TOMS Shoes LLC, Term Loan B		6.500	%		10/28/20		430,000			397,750	^(l)(m)

TOTAL CONSUMER DISCRETIONARY										3,532,774

CONSUMER STAPLES - 0.1%
Food Products - 0.1%
AdvancePierre Foods Inc., Second Lien Term Loan		9.500	%		10/10/17		310,000			308,062	^(l)(m)

ENERGY - 0.1%
Oil, Gas & Consumable Fuels - 0.1%
Westmoreland Coal Co., Term Loan B		7.500	%		12/16/20		560,000			560,000	^(l)(m)

HEALTH CARE - 0.3%
Health Care Providers & Services - 0.3%
Physiotherapy Associates Holdings Inc., Exit Term Loan		11.000	%		1/2/17		610,000			609,619	^(e)(l)(m)
Radnet Management Inc., Second Lien Term Loan		8.000	%		3/25/21		700,000			689,500	^(l)(m)

TOTAL HEALTH CARE										1,299,119

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
MATERIALS - 0.3%
Chemicals - 0.3%
Kerling PLC, EUR Term Loan		10.000	%		6/30/16		400,000	^EUR	$	450,417	^(l)(m)
Kronos Inc., Second Lien Term Loan		9.750	%		4/30/20		539,577			553,516	^(l)(m)

TOTAL MATERIALS										1,003,933

UTILITIES - 1.1%
Independent Power and Renewable Electricity Producers - 1.1%
Energy Future Intermediate Holding Co., LLC, DIP Term Loan		4.250	%		6/19/16		4,122,177			4,147,941	^(l)(m)

TOTAL SENIOR LOANS (Cost - $11,000,850)										10,851,829

SOVEREIGN BONDS - 19.2%
Argentina - 0.7%
Republic of Argentina, Senior Bonds		7.000	%		10/3/15		2,655,000			2,656,736

Brazil - 0.9%
Federative Republic of Brazil, Notes		10.000	%		1/1/17		10,485,000	^BRL		3,544,094

Colombia - 1.5%
Republic of Colombia, Senior Bonds		11.750	%		2/25/20		544,000			762,144
Republic of Colombia, Senior Bonds		4.000	%		2/26/24		540,000			564,300
Republic of Colombia, Senior Bonds		7.375	%		9/18/37		2,392,000			3,289,000
Republic of Colombia, Senior Bonds		6.125	%		1/18/41		330,000			402,600
Republic of Colombia, Senior Notes		7.375	%		3/18/19		498,000			590,130

Total Colombia										5,608,174

Costa Rica - 0.1%
Republic of Costa Rica, Notes		7.000	%		4/4/44		510,000			516,375	^(a)(b)

Croatia - 0.5%
Republic of Croatia, Notes		5.500	%		4/4/23		850,000			917,277	^(a)(b)
Republic of Croatia, Senior Notes		6.625	%		7/14/20		370,000			415,788	^(a)(b)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		450,000			485,617	^(c)

Total Croatia										1,818,682

Dominican Republic - 0.2%
Dominican Republic, Senior Notes		5.500	%		1/27/25		350,000			367,500	^(a)
Dominican Republic, Senior Notes		6.850	%		1/27/45		150,000			160,500	^(a)

Total Dominican Republic										528,000

Ecuador - 0.2%
Republic of Ecuador, Senior Bonds		7.950	%		6/20/24		721,000			679,543	^(a)

El Salvador - 0.1%
Republic of El Salvador, Notes		6.375	%		1/18/27		300,000			306,375	^(a)

Gabon - 0.1%
Gabonese Republic, Bonds		6.375	%		12/12/24		470,000			451,788	^(a)

Ghana - 0.1%
Republic of Ghana, Bonds		8.125	%		1/18/26		540,000			525,420	^(a)

Honduras - 0.1%
Republic of Honduras, Senior Notes		7.500	%		3/15/24		200,000			211,250	^(c)

Hungary - 0.4%
Republic of Hungary, Senior Notes		5.750	%		11/22/23		1,414,000			1,643,775

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Indonesia - 2.0%
Republic of Indonesia, Notes		3.750	%		4/25/22		1,590,000		$	1,653,600	^(c)
Republic of Indonesia, Notes		5.250	%		1/17/42		3,170,000			3,415,675	^(c)
Republic of Indonesia, Notes		5.250	%		1/17/42		420,000			452,550	^(a)
Republic of Indonesia, Senior Bonds		6.875	%		1/17/18		165,000			187,275	^(c)
Republic of Indonesia, Senior Bonds		6.625	%		2/17/37		170,000			211,437	^(c)
Republic of Indonesia, Senior Notes		5.875	%		1/15/24		1,642,000			1,925,245	^(a)

Total Indonesia										7,845,782

Ivory Coast - 0.6%
Republic of Cote D’Ivoire, Bonds		5.375	%		7/23/24		2,140,000			2,046,375	^(a)
Republic of Cote D’Ivoire, Bonds		6.375	%		3/3/28		360,000			358,650	^(a)

Total Ivory Coast										2,405,025

Kenya - 0.2%
Republic of Kenya, Senior Notes		5.875	%		6/24/19		350,000			358,488	^(a)
Republic of Kenya, Senior Notes		6.875	%		6/24/24		480,000			510,480	^(a)

Total Kenya										868,968

Lithuania - 0.4%
Republic of Lithuania, Senior Notes		6.125	%		3/9/21		1,300,000			1,553,500	^(a)

Mexico - 1.4%
United Mexican States, Bonds		8.000	%		6/11/20		30,168,400	^MXN		2,291,859
United Mexican States, Bonds		6.500	%		6/9/22		1,717,900	^MXN		122,246
United Mexican States, Bonds		10.000	%		12/5/24		8,750,000	^MXN		776,765
United Mexican States, Bonds		8.500	%		11/18/38		179,400	^MXN		15,379
United Mexican States, Medium-Term Notes		6.050	%		1/11/40		124,000			156,860	^(b)
United Mexican States, Senior Notes		3.625	%		3/15/22		1,840,000			1,922,800	^(b)
United Mexican States, Senior Notes		4.000	%		10/2/23		4,000			4,270

Total Mexico										5,290,179

Pakistan - 0.5%
Republic of Pakistan, Bonds		7.250	%		4/15/19		1,780,000			1,820,050	^(a)
Republic of Pakistan, Senior Bonds		6.875	%		6/1/17		200,000			206,040	^(c)

Total Pakistan										2,026,090

Panama - 0.0%
Republic of Panama, Senior Bonds		6.700	%		1/26/36		1,000			1,329

Paraguay - 0.2%
Republic of Paraguay, Senior Notes		6.100	%		8/11/44		660,000			731,775	^(a)(b)

Peru - 1.4%
Republic of Peru, Bonds		6.550	%		3/14/37		1,083,000			1,443,097
Republic of Peru, Global Senior Bonds		7.350	%		7/21/25		50,000			68,438
Republic of Peru, Senior Bonds		8.750	%		11/21/33		2,314,000			3,690,830
Republic of Peru, Senior Bonds		5.625	%		11/18/50		39,000			48,214

Total Peru										5,250,579

Philippines - 0.3%
Republic of Philippine, Senior Bonds		3.950	%		1/20/40		1,200,000			1,270,500

Poland - 0.7%
Republic of Poland, Senior Notes		5.125	%		4/21/21		890,000			1,014,858	^(b)
Republic of Poland, Senior Notes		5.000	%		3/23/22		1,582,000			1,803,480	^(b)

Total Poland										2,818,338

Russia - 2.3%
Russian Foreign Bond - Eurobond, Senior Bonds		4.875	%		9/16/23		1,000,000			901,000	^(a)
Russian Foreign Bond - Eurobond, Senior Bonds		7.500	%		3/31/30		4,476,597			4,805,851	^(c)
Russian Foreign Bond - Eurobond, Senior Notes		5.625	%		4/4/42		3,600,000			3,078,000	^(a)(g)

Total Russia										8,784,851

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Sri Lanka - 0.3%
Republic of Sri Lanka, Senior Bonds		6.000	%		1/14/19		550,000	$	569,250	^(a)
Republic of Sri Lanka, Senior Bonds		5.125	%		4/11/19		600,000		604,500	^(a)

Total Sri Lanka									1,173,750

Tunisia - 0.1%
Banque Centrale de Tunisie SA, Senior Bonds		5.750	%		1/30/25		290,000		295,075	^(a)

Turkey - 2.9%
Republic of Turkey, Notes		6.750	%		5/30/40		602,000		748,738	^(b)
Republic of Turkey, Notes		4.875	%		4/16/43		500,000		498,035	^(b)
Republic of Turkey, Senior Bonds		5.625	%		3/30/21		270,000		297,137
Republic of Turkey, Senior Bonds		5.750	%		3/22/24		480,000		537,600	^(b)
Republic of Turkey, Senior Notes		7.500	%		7/14/17		3,000,000		3,350,550	^(b)
Republic of Turkey, Senior Notes		3.250	%		3/23/23		6,000,000		5,707,980	^(b)

Total Turkey									11,140,040

Ukraine - 0.0%
Republic of Ukraine, Senior Notes		6.750	%		11/14/17		263,000		114,786	^(c)

Uruguay - 0.3%
Republic of Uruguay, Senior Bonds		5.100	%		6/18/50		300,000		312,150
Republic of Uruguay, Senior Notes		4.500	%		8/14/24		850,000		920,125

Total Uruguay									1,232,275

Venezuela - 0.7%
Bolivarian Republic of Venezuela, Senior Bonds		9.250	%		9/15/27		240,000		96,600
Bolivarian Republic of Venezuela, Senior Bonds		9.375	%		1/13/34		1,608,000		627,120	^(b)
Bolivarian Republic of Venezuela, Senior Notes		7.750	%		10/13/19		5,290,000		2,010,200	^(c)

Total Venezuela									2,733,920

TOTAL SOVEREIGN BONDS (Cost - $73,515,630)									74,026,974


						SHARES
COMMON STOCKS - 2.2%
CONSUMER DISCRETIONARY - 0.5%
Automobiles - 0.5%
Ford Motor Co.							90,989		1,486,760	^(b)
General Motors Co.							10,586		394,964	^(b)

Total Automobiles									1,881,724

Hotels, Restaurants & Leisure - 0.0%
Bossier Casino Venture Holdco Inc.							46,209		0	*^(d)(e)(k)

TOTAL CONSUMER DISCRETIONARY									1,881,724

FINANCIALS - 1.2%
Banks - 1.2%
Citigroup Inc.							75,394		3,952,154	^(b)
JPMorgan Chase & Co.							12,923		791,921	^(b)

TOTAL FINANCIALS									4,744,075

HEALTH CARE - 0.2%
Health Care Providers & Services - 0.2%
Physiotherapy Associates Holdings Inc.							8,500		705,500	*^(d)(e)

INDUSTRIALS - 0.3%
Marine - 0.3%
DeepOcean Group Holding AS							56,705		739,546	*^(d)(e)
Horizon Lines Inc., Class A Shares							402,515		265,660	*^(e)

TOTAL INDUSTRIALS									1,005,206

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015


				SHARES		VALUE
MATERIALS - 0.0%
Metals & Mining - 0.0%
Mirabela Nickel Ltd.					1,991,337	$	132,263	*

TOTAL COMMON STOCKS (Cost - $9,217,330)							8,468,768


	RATE
CONVERTIBLE PREFERRED STOCKS - 0.1%
ENERGY - 0.1%
Oil, Gas & Consumable Fuels - 0.1%
Rex Energy Corp.		6.000	%		4,900		240,296
SandRidge Energy Inc.		8.500	%		4,700		238,807

TOTAL ENERGY							479,103

HEALTH CARE - 0.0%
Pharmaceuticals - 0.0%
Actavis PLC		5.500	%		139		142,614

TOTAL CONVERTIBLE PREFERRED STOCKS (Cost - $1,070,737)							621,717

PREFERRED STOCKS - 1.0%
FINANCIALS - 1.0%
Capital Markets - 0.4%
State Street Corp.		5.90	%		50,776		1,359,274	^(j)

Consumer Finance - 0.6%
GMAC Capital Trust I		8.125	%		90,029		2,343,455	^(j)

Diversified Financial Services - 0.0%
Citigroup Capital XIII		7.875	%		5,950		158,032	^(j)

TOTAL PREFERRED STOCKS (Cost - $3,608,318)							3,860,761

TOTAL INVESTMENTS - 130.1% (Cost - $499,026,700#)							501,689,608
Liabilities in Excess of Other Assets - (30.1)%							(116,064,575	)

TOTAL NET ASSETS - 100.0%						$	385,625,033

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

(e)	Illiquid security.

(f)	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.

(g)	All or a portion of this security is held by the counterparty as collateral for open reverse repurchase agreements.

(h)	The coupon payment on these securities is currently in default as of February 28, 2015.

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

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

(k)	Value is less than $1.

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

(m)	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.

(n)	All or a portion of this loan is unfunded as of February 28, 2015. The interest rate for fully unfunded term loans is to be determined.

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

See Notes to Schedule of Investments.

WESTERN ASSET GLOBAL HIGH INCOME FUND INC.


Schedule of investments (unaudited) (cont’d)		February 28, 2015

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 (formerly, Legg Mason North American 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.

Notes to Schedule of Investments (unaudited) (continued)

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

•

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		—	$	59,482,480	$	1,011,075		$	60,493,555
Materials				49,371,506		0	*		49,371,506
Other corporate bonds & notes		—		291,526,098		—			291,526,098
Asset-backed securities		—		1,447,862		—			1,447,862
Convertible bonds & notes		—		1,020,538		—			1,020,538
Senior loans		—		10,851,829		—			10,851,829
Sovereign bonds		—		74,026,974		—			74,026,974
Common stocks:
Consumer discretionary	$	1,881,724				0	*		1,881,724
Health care		—		—		705,500			705,500
Industrials		265,660		—		739,546			1,005,206
Other common stocks		4,876,338		—		—			4,876,338
Convertible preferred stocks:
Energy		238,807		240,296		—			479,103
Health care		142,614		—		—			142,614
Preferred stocks		3,860,761		—		—			3,860,761

Total investments	$	11,265,904	$	487,967,583	$	2,456,121		$	501,689,608

Other financial instruments:
Futures contracts	$	65,298		—		—		$	65,298
Forward foreign currency contracts		—	$	1,265,648		—			1,265,648

Total other financial instruments	$	65,298	$	1,265,648		—		$	1,330,946

Total	$	11,331,202	$	489,233,231	$	2,456,121		$	503,020,554


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)			TOTAL
Other financial instruments:
Futures contracts	$	193,195		—		—		$	193,195
Forward foreign currency contracts		—	$	176,074		—			176,074

Total	$	193,195	$	176,074	$	—		$	369,269

†	See Schedule of Investments for additional detailed categorizations.

*	Amount represents less than $1.

Notes to Schedule of Investments (unaudited) (continued)

2. Investments

At February 28, 2015, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:


Gross unrealized appreciation	$	29,265,544
Gross unrealized depreciation		(26,602,636	)

Net unrealized appreciation	$	2,662,908

At February 28, 2015, the Fund had the following open reverse repurchase agreements:


Counterparty	Rate			Effective Date		Maturity Date	Face Amount of Reverse Repurchase Agreements
Deutsche Bank Securities Inc.		0.40	%		12/18/2014	TBD*	$	2,346,840
Barclays Capital Inc.		0.70	%		12/23/2014	3/23/15		24,631,215

							$	26,978,055

*	TBD — To Be Determined; These reverse repurchase agreements have no maturity dates because they are renewed daily and can be terminated by either the Fund or the counterparty in accordance with the terms of the agreements.

On February 28, 2015, the total market value of underlying collateral (refer to the Schedule of Investments for positions held at the counterparty as collateral for reverse repurchase agreements) for open reverse repurchase agreements was $30,207,574

At February 28, 2015, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Basis Value		Market Value		Unrealized Appreciation (Depreciation)
Contracts to Sell:
U.S. Treasury 5-Year Notes		341		6/15	$	40,740,204	$	40,674,906	$	65,298
U.S. Treasury 10-Year Notes		315		6/15		40,062,821		40,256,016		(193,195	)

Net unrealized depreciation on open futures contracts									$	(127,897	)

At February 28, 2015 , the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	3,787,847	MXN	55,634,000	Barclays Bank PLC		3/13/15	$	63,491
USD	4,104,511	BRL	10,973,000	Citibank N.A.		3/13/15		251,955
EUR	2,400,000	USD	2,752,992	Barclays Bank PLC		5/13/15		(64,956	)
USD	13,107,507	EUR	11,468,976	Citibank N.A.		5/13/15		262,080
USD	476,084	PLN	1,746,895	Citibank N.A.		5/13/15		6,055
USD	4,589,024	EUR	4,000,753	Credit Suisse		5/13/15		108,120
USD	1,916,733	GBP	1,258,661	Credit Suisse		5/13/15		(25,501	)
MXN	52,397,085	USD	3,550,275	Morgan Stanley & Co.		5/13/15		(56,600	)
USD	27,046,378	EUR	23,663,617	UBS AG		5/13/15		542,770
USD	2,302,409	GBP	1,510,876	UBS AG		5/13/15		(29,017	)
INR	239,557,744	SGD	5,161,770	Deutsche Bank AG		5/15/15		31,177

Total							$	1,089,574

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/ KENNETH D. FULLER
		Kenneth D. Fuller
		Chief Executive Officer

Date:		April 15, 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/ KENNETH D. FULLER
		Kenneth D. Fuller
		Chief Executive Officer

Date:		April 15, 2015

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

Date:		April 15, 2015