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 811-21698

The Gabelli Global Gold, Natural Resources & Income Trust

(Exact name of registrant as specified in charter)

One Corporate Center
Rye, New York 10580-1422

(Address of principal executive offices) (Zip code)

Bruce N. Alpert
Gabelli Funds, LLC
One Corporate Center
Rye, New York 10580-1422

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-422-3554

Date of fiscal year end: December 31

Date of reporting period: March 31, 2011

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

Item 1. Schedule of Investments.

The Schedule(s) of Investments is attached herewith.

The Gabelli Global Gold, Natural Resources & Income Trust
First Quarter Report – March 31, 2011

Caesar Bryan		Barbara G. Marcin, CFA		Vincent H. Roche

To Our Shareholders,

     During the first quarter of 2011, The Gabelli Global Gold, Natural Resources & Income Trust’s (the “Fund”) net asset value (“NAV”) total return was 3.3% compared with the Chicago Board Options Exchange (“CBOE”) S&P 500 Buy/Write Index, the Barclays Capital Government/Corporate Bond Index, the Amex Energy Select Sector Index, and for the Philadelphia Gold & Silver Index 1.5%, 0.2%, 17.4% and (4.3%), respectively. The total return for the Fund’s publicly traded shares was 0.2% during the first quarter of 2011.

     Enclosed is the investment portfolio as of March 31, 2011.

Comparative Results

(a)		Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. When shares are sold, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end. Performance returns for periods of less than one year are not annualized. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The CBOE S&P 500 Buy/Write Index is an unmanaged benchmark index designed to reflect the return on a portfolio that consists of a long position in the stocks in the S&P 500 Index and a short position in a S&P 500 (SPX) call option. The Philadelphia Gold & Silver Index is an unmanaged indicator of stock market performance of large North American gold and silver companies, while the Amex Energy Select Sector Index is an unmanaged indicator of stock market performance of large U.S. companies involved in the development or production of energy products. The Barclays Capital Government/Corporate Bond Index is an unmanaged market value weighted index that tracks the total return performance of fixed rate, publicly placed, dollar denominated obligations. Dividends and interest income are considered reinvested. You cannot invest directly in an index.
(b)		Total returns and average annual returns reflect changes in the NAV per share and reinvestment of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is based on an initial NAV of $19.06.
(c)		Total returns and average annual returns reflect changes in closing market values on the New York Stock Exchange and reinvestment of distributions. Since inception return is based on an initial offering price of $20.00.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
SCHEDULE OF INVESTMENTS
March 31, 2011 (Unaudited)

						Market
Shares						Value
				COMMON STOCKS — 93.5%
				Energy and Energy Services — 44.2%
	270,000			Anadarko Petroleum Corp.		$	22,118,400
	159,500			Apache Corp.			20,881,740
	286,325			Baker Hughes Inc. (a)			21,024,845
	785,000			BG Group plc			19,531,806
	493,400			BP plc, ADR (a)			21,778,676
	410,000			Cameron International Corp.†			23,411,000
	55,500			Chesapeake Energy Corp. (a)			1,860,360
	65,000			Chevron Corp. (a)			6,982,950
	307,692			Comanche Energy Inc.† (b)(c)(d)			0
	30,000			ConocoPhillips (a)			2,395,800
	343,500			Denbury Resources Inc.†			8,381,400
	138,000			Devon Energy Corp. (a)			12,664,260
	600,000			El Paso Corp.			10,800,000
	200,000			Ensco plc, ADR			11,568,000
	200,000			EOG Resources Inc.			23,702,000
	65,000			Galp Energia SGPS SA, Cl. B			1,391,436
	605,000			Halliburton Co. (a)			30,153,200
	270,000			Marathon Oil Corp. (a)			14,393,700
	210,000			Murphy Oil Corp. (a)			15,418,200
	180,000			Nabors Industries Ltd.†			5,468,400
	310,000			National Oilwell Varco Inc.			24,573,700
	227,800			Nexen Inc.			5,676,776
	142,000			Noble Energy Inc.			13,724,300
	200,000			Occidental Petroleum Corp.			20,898,000
	250,000			Petrohawk Energy Corp.†			6,135,000
	582,000			Petroleo Brasileiro SA, ADR (a)			23,530,260
	330,000			Rowan Companies Inc.† (a)			14,579,400
	278,000			Royal Dutch Shell plc, Cl. A			10,096,763
	160,000			Schlumberger Ltd.			14,921,600
	200,000			Spectra Energy Corp.			5,436,000
	338,400			Statoil ASA, ADR (a)			9,353,376
	634,500			Suncor Energy Inc. (a)			28,450,980
	650,000			Talisman Energy Inc.			16,055,000
	335,000			The Williams Companies Inc. (a)			10,445,300
	345,000			Total SA, ADR			21,034,650
	173,200			Transocean Ltd.† (a)			13,500,940
	120,000			Ultra Petroleum Corp.†			5,910,000
	350,000			Valero Energy Corp.			10,437,000
	945,500			Weatherford International Ltd.† (a)			21,368,300
							550,053,518
				Metals and Mining — 49.3%
	619,000			Agnico-Eagle Mines Ltd. (a)			41,070,650
	393,000			Anglo American plc			20,218,664
	633,500			AngloGold Ashanti Ltd., ADR (a)			30,376,325
	200,000			Antofagasta plc			4,366,657
	636,000			Barrick Gold Corp. (a)			33,014,760
	177,000			BHP Billiton Ltd., ADR (a)			16,970,760
	1,070,000			Centamin Egypt Ltd.†			2,317,690
	300,000			Compania de Minas Buenaventura SA, ADR			12,891,000
	83,000			Detour Gold Corp.†			2,624,838
	1,000,000	(e)		Duluth Metals Ltd.†			2,712,739
	700,000			Eldorado Gold Corp.			11,415,162
	900,000			Equinox Minerals Ltd.†			5,328,520
	175,000			Franco-Nevada Corp.			6,424,188
	359,062			Freeport-McMoRan Copper & Gold Inc. (a)			19,945,894
	658,500			Fresnillo plc			16,299,814
	410,000			Gem Diamonds Ltd.†			1,841,632
	1,989,100			Gold Fields Ltd., ADR (a)			34,729,686
	550,000			Goldcorp Inc. (a)			27,390,000
	841,600			Harmony Gold Mining Co. Ltd., ADR (a)			12,514,592
	1,779,700			Hochschild Mining plc			18,400,544
	160,000			HudBay Minerals Inc.			2,605,879
	195,000			Hummingbird Resources plc†			494,257
	285,000			IAMGOLD Corp.			6,275,700
	412,000			Impala Platinum Holdings Ltd.			11,920,899
	13,542			Ivanhoe Mines Ltd.†			371,863
	255,000			Keegan Resources Inc.†			2,222,537
	200,000			Kingsgate Consolidated Ltd.			1,797,702
	1,833,800			Kinross Gold Corp., New York (a)			28,882,350
	3,592			Kinross Gold Corp., Toronto			56,612
	250,600			Lundin Mining Corp., OTC† (a)			2,087,498
	1,050,000			Lundin Mining Corp., Toronto†			8,718,412
	221,000			MAG Silver Corp.†			2,637,411
	684,725			Newcrest Mining Ltd.			28,202,355
	539,500			Newmont Mining Corp. (a)			29,445,910
	165,000			Osisko Mining Corp.†			2,375,864
	492,616			OZ Minerals Ltd.			812,713
	12,537,555			PanAust Ltd.†			10,180,063
	211,300			Peabody Energy Corp. (a)			15,205,148
	494,100			Randgold Resources Ltd., ADR† (a)			40,288,914
	3,851,298			Red 5 Ltd.†			657,293
	1,984,000			Red 5 Ltd., ASE†			338,605
	293,600			Rio Tinto plc, ADR (a)			20,880,832
	321,700			Royal Gold Inc.			16,857,080
	621,250			Sandfire Resources NL†			4,408,171
	500,000			SEMAFO Inc.†			4,791,129
	257,015			Vale SA, ADR (a)			8,571,450
	207,000			Witwatersrand Consolidated Gold Resources Ltd.†			1,591,131
	1,080,305			Xstrata plc			25,250,320
	1,200,000			Yamana Gold Inc. (a)			14,772,000
							613,554,213
				TOTAL COMMON STOCKS			1,163,607,731

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
SCHEDULE OF INVESTMENTS (Continued)
March 31, 2011 (Unaudited)

						Market
Shares						Value
				CONVERTIBLE PREFERRED STOCKS — 0.3%
				Metals and Mining — 0.3%
	10,000			Vale Capital II, 6.750%, Cv. Pfd., Ser. VALE		$	923,200
	35,000			Vale Capital II, 6.750%, Cv. Pfd., Ser. VALP			3,316,425
				TOTAL CONVERTIBLE PREFERRED STOCKS			4,239,625
				WARRANTS — 0.1%
				Energy and Energy Services — 0.0%
	34,091			Comanche Energy Inc., Cl. A, expire 06/18/13† (b)(c)(d)			0
	36,197			Comanche Energy Inc., Cl. B, expire 06/18/13† (b)(c)(d)			0
	82,965			Comanche Energy Inc., Cl. C, expire 06/18/13† (b)(c)(d)			0
							0
				Metals and Mining — 0.1%
	62,500			Franco-Nevada Corp., expire 03/13/12† (b)			375,193
	87,500			Franco-Nevada Corp., expire 06/16/17†			559,567
							934,760
				TOTAL WARRANTS			934,760
Principal
Amount
				CONVERTIBLE CORPORATE BONDS — 1.1%
				Energy and Energy Services — 0.3%
$	1,500,000			Chesapeake Energy Corp., Cv., 2.250%, 12/15/38			1,385,625
	2,000,000			Nabors Industries Inc., Cv., 0.940%, 05/15/11			1,995,000
							3,380,625
				Metals and Mining — 0.8%
	2,800,000			Detour Gold Corp., Cv., 5.500%, 11/30/17 (b)(d)(f)			3,082,275
	5,000,000			Newmont Mining Corp., Ser. B, Cv., 1.625%, 07/15/17			6,787,500
	725,000	(g)		Wesdome Gold Mines Ltd., Deb. Cv., 7.000%, 05/31/12 (b)(d)(f)			815,111
							10,684,886
				TOTAL CONVERTIBLE CORPORATE BONDS			14,065,511
				CORPORATE BONDS — 0.7%
				Energy and Energy Services — 0.1%
	4,644,732			Comanche Energy Inc., PIK, 15.500%, 06/13/13 (b)(c)(d)			43,047
	324,000			Compagnie Generale de Geophysique- Veritas, 7.500%, 05/15/15			334,530
	500,000			Tesoro Corp., 9.750%, 06/01/19			570,000
							947,577
				Metals and Mining — 0.6%
	2,000,000			Freeport-McMoRan Copper & Gold Inc., 8.250%, 04/01/15			2,086,760
	5,000,000			Xstrata Canada Corp., 7.250%, 07/15/12			5,351,090
							7,437,850
				TOTAL CORPORATE BONDS			8,385,427
				U.S. GOVERNMENT OBLIGATIONS — 4.3%
	53,069,000			U.S. Treasury Bills, 0.095% to 0.200%††, 06/02/11 to 09/22/11 (a)			53,040,332
TOTAL INVESTMENTS — 100.0% (Cost $1,075,119,081)						$	1,244,273,386
				Aggregate tax cost		$	1,085,428,945
				Gross unrealized appreciation		$	190,321,624
				Gross unrealized depreciation			(31,477,183	)
				Net unrealized appreciation/depreciation		$	158,844,441

Number of						Expiration Date/		Market
Contracts						Exercise Price		Value
				OPTION CONTRACTS WRITTEN(h) — (4.8)%
				Call Options Written — (4.6)%
	388			Agnico-Eagle Mines Ltd.		May 11/75		$	27,936
	1,000			Agnico-Eagle Mines Ltd.		Aug. 11/67.50			487,500
	4,302			Agnico-Eagle Mines Ltd.		Aug. 11/80			546,354
	2,000			Anadarko Petroleum Corp.		May 11/80			1,060,000
	700			Anadarko Petroleum Corp.		Aug. 11/80			591,500
	135			Anglo American plc(i)		Apr. 11/35			21,657
	258			Anglo American plc(i)		Jun. 11/3200			877,438
	6,335			AngloGold Ashanti Ltd., ADR		Apr. 11/50			190,050
	200			Antofagasta plc(i)		Sep. 11/1700			62,965
	595			Apache Corp.		Apr. 11/125			407,575

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
SCHEDULE OF INVESTMENTS (Continued)
March 31, 2011 (Unaudited)

Number of						Expiration Date/		Market
Contracts						Exercise Price		Value
				OPTION CONTRACTS WRITTEN (Continued)
				Call Options Written (Continued)
	1,000			Apache Corp.		Oct. 11/135		$	963,000
	1,063			Baker Hughes Inc.		Apr. 11/75			154,135
	1,000			Baker Hughes Inc.		Apr. 11/58			1,595,820
	800			Baker Hughes Inc.		Jul. 11/75			352,000
	500			Barrick Gold Corp.		Apr. 11/49			167,500
	750			Barrick Gold Corp.		Apr. 11/55			19,500
	3,000			Barrick Gold Corp.		Jul. 11/55			579,000
	100			BG Group plc(i)		Apr. 11/15			119,514
	325			BG Group plc(i)		Jun. 11/14			938,462
	360			BG Group plc(i)		Sep. 11/1500			272,876
	1,000			BHP Billiton Ltd., ADR		May 11/95			445,000
	250			BHP Billiton Ltd., ADR		May 11/100			50,750
	520			BHP Billiton Ltd., ADR		Aug. 11/100			245,960
	1,275			BP plc, ADR		Apr. 11/48			11,475
	2,000			BP plc, ADR		Apr. 11/50			6,000
	4,100			Cameron International Corp.		May 11/60			799,500
	555			Chesapeake Energy Corp.		Jul. 11/37			69,930
	260			Chevron Corp.		Jun. 11/95			357,500
	390			Chevron Corp.		Jun. 11/100			363,480
	1,200			Compania de Minas Buenaventura SA, ADR		Jun. 11/45			255,000
	300			ConocoPhillips		May 11/75			186,000
	2,835			Denbury Resources Inc.		Jun. 11/24			567,000
	600			Denbury Resources Inc.		Sep. 11/25			135,000
	1,380			Devon Energy Corp.		Apr. 11/85			1,055,700
	4,000			El Paso Corp.		Jul. 11/18			492,000
	2,000			El Paso Corp.		Oct. 11/20			190,000
	3,500			Eldorado Gold Corp.(j)		May 11/19			30,686
	3,500			Eldorado Gold Corp.(j)		Aug. 11/19			155,235
	2,000			Ensco plc, ADR		Jun. 11/60			555,000
	1,000			EOG Resources Inc.		Jul. 11/100			2,080,000
	1,000			EOG Resources Inc.		Jul. 11/115			1,027,000
	900			Freeport-McMoRan Copper & Gold Inc.		May 11/60			115,200
	1,300			Freeport-McMoRan Copper & Gold Inc.		May 11/62			106,600
	11,891			Gold Fields Ltd., ADR		Apr. 11/17			761,024
	5,000			Gold Fields Ltd., ADR		Apr. 11/20			10,000
	3,000			Gold Fields Ltd., ADR		Jul. 11/17			411,000
	5,500			Goldcorp Inc.		Apr. 11/45			2,640,000
	1,300			Halliburton Co.		Apr. 11/45			663,000
	710			Halliburton Co.		Apr. 11/50			93,010
	500			Halliburton Co.		Jul. 11/49			210,000
	1,784			Halliburton Co.		Jul. 11/50			656,512
	975			Harmony Gold Mining Co. Ltd., ADR		May 11/12			292,500
	7,441			Harmony Gold Mining Co. Ltd., ADR		May 11/13			1,488,200
	1,600			HudBay Minerals Inc.(j)		Jun. 11/18			41,258
	8,880			Kinross Gold Corp.		May 11/20			53,280
	9,494			Kinross Gold Corp.		Aug. 11/20			265,832
	4,500			Lundin Mining Corp.(j)		Jul. 11/7			626,612
	8,506			Lundin Mining Corp.(j)		Jul. 11/8			570,284
	550			Marathon Oil Corp.		Apr. 11/42			635,250
	900			Marathon Oil Corp.		Apr. 11/43			955,800
	1,250			Marathon Oil Corp.		Apr. 11/48			690,625
	1,350			Murphy Oil Corp.		Apr. 11/70			594,000
	750			Murphy Oil Corp.		Jul. 11/70			480,000
	1,800			Nabors Industries Ltd.		Sep. 11/29			724,500
	800			National Oilwell Varco Inc.		May 11/65			1,200,000
	200			National Oilwell Varco Inc.		May 11/70			217,000
	600			National Oilwell Varco Inc.		May 11/80			270,000
	600			National Oilwell Varco Inc.		May 11/85			123,000
	900			National Oilwell Varco Inc.		Aug. 11/85			420,750
	250			Newcrest Mining Ltd.(k)		Jun. 11/45			113,003
	1,975			Newmont Mining Corp.		Jun. 11/60			235,025
	3,420			Newmont Mining Corp.		Sep. 11/57.50			1,128,600
	178			Nexen Inc.		May 11/25			25,810
	1,100			Nexen Inc.		Jun. 11/22.50			352,000
	250			Nexen Inc.		Sep. 11/26			50,625
	750			Nexen Inc.		Sep. 11/27			118,125
	1,100			Noble Energy Inc.		May 11/90			968,000
	320			Noble Energy Inc.		May 11/95			164,800
	300			Occidental Petroleum Corp.		May 11/95			358,500
	300			Occidental Petroleum Corp.		May 11/100			226,500
	1,400			Occidental Petroleum Corp.		May 11/105			588,000
	12,000			PanAust Ltd.(k)		Sep. 11/0.90			413,327
	313			Peabody Energy Corp.		Jun. 11/55			547,750
	300			Peabody Energy Corp.		Jun. 11/60			397,500
	300			Peabody Energy Corp.		Jun. 11/65			282,000
	1,200			Peabody Energy Corp.		Jun. 11/70			804,000
	2,500			Petrohawk Energy Corp.		May 11/23			555,000
	1,500			Petroleo Brasileiro SA, ADR		Apr. 11/40			165,000
	200			Petroleo Brasileiro SA, ADR		Jul. 11/37			94,200
	4,120			Petroleo Brasileiro SA, ADR		Jul. 11/42			667,440

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
SCHEDULE OF INVESTMENTS (Continued)
March 31, 2011 (Unaudited)

Number of						Expiration Date/		Market
Contracts						Exercise Price		Value
				OPTION CONTRACTS WRITTEN (Continued)
				Call Options Written (Continued)
	1,600			Rio Tinto plc, ADR		Apr. 11/75		$	72,000
	836			Rio Tinto plc, ADR		Apr. 11/80			8,360
	500			Rio Tinto plc, ADR		Jul. 11/80			90,000
	600			Rowan Companies Inc.		Apr. 11/34			618,000
	700			Rowan Companies Inc.		Apr. 11/35			654,500
	2,000			Rowan Companies Inc.		Jul. 11/44			680,000
	110			Royal Dutch Shell plc, Cl. A(i)		Jun. 11/24			39,263
	168			Royal Dutch Shell plc, Cl. A(i)		Jun. 11/2200			297,805
	500			Royal Gold Inc.		Apr. 11/55			15,000
	2,717			Royal Gold Inc.		Jul. 11/55			523,022
	400			Schlumberger Ltd.		May 11/90			248,000
	1,000			Schlumberger Ltd.		May 11/95			365,000
	200			Schlumberger Ltd.		May 11/100			34,600
	2,000			Spectra Energy Corp.		Jun. 11/27			200,000
	3,384			Statoil ASA, ADR		Apr. 11/25			930,600
	2,045			Suncor Energy Inc.		Jun. 11/40			1,247,450
	4,300			Suncor Energy Inc.		Jun. 11/46			1,070,700
	2,500			Talisman Energy Inc.		May 11/25			250,000
	4,000			Talisman Energy Inc.		Jul. 11/25			540,000
	1,150			The Williams Companies Inc.		May 11/29			318,550
	2,200			The Williams Companies Inc.		Aug. 11/33			336,600
	200			Total SA, ADR		May 11/55			128,000
	2,000			Total SA, ADR		May 11/60			530,000
	800			Total SA, ADR		Aug. 11/65			120,000
	500			Transocean Ltd.		May 11/80			157,500
	800			Transocean Ltd.		Aug. 11/75			642,000
	432			Transocean Ltd.		Aug. 11/85			163,080
	1,200			Ultra Petroleum Corp.		Sep. 11/50			504,000
	870			Vale SA, ADR		Apr. 11/38			1,740
	850			Vale SA, ADR		Jun. 11/37			40,375
	850			Vale SA, ADR		Jun. 11/38			27,625
	3,500			Valero Energy Corp.		Jun. 11/28			1,277,500
	1,500			Weatherford International Ltd.		Apr. 11/22			145,500
	955			Weatherford International Ltd.		May 11/21			212,965
	3,000			Weatherford International Ltd.		May 11/22			462,000
	2,000			Weatherford International Ltd.		Aug. 11/21			610,000
	1,000			Weatherford International Ltd.		Aug. 11/26			86,000
	1,000			Weatherford International Ltd.		Aug. 11/27			64,500
	72			Xstrata plc(i)		Apr. 11/14			44,180
	500			Xstrata plc(i)		Jun. 11/16			322,847
	315			Xstrata plc(i)		Sep. 11/16			419,420
	8,000			Yamana Gold Inc.		Apr. 11/13			72,000
	4,000			Yamana Gold Inc.		Jul. 11/13			268,000
				TOTAL CALL OPTIONS WRITTEN (Premiums received $41,185,311)					56,922,122
				Put Options Written — (0.2)%
	1,000			Agnico-Eagle Mines Ltd.		May 11/70			630,000
	700			Anadarko Petroleum Corp.		Aug. 11/70			209,300
	900			AngloGold Ashanti Ltd., ADR		Apr. 11/42			13,500
	400			Antofagasta plc(i)		Sep. 11/1200			352,124
	200			Apache Corp.		Apr. 11/110			3,600
	600			Baker Hughes Inc.		Apr. 11/40			1,800
	1,000			Barrick Gold Corp.		Apr. 11/42			1,000
	250			BG Group plc(i)		Apr. 11/13			12,031
	225			BHP Billiton Ltd., ADR		May 11/80			10,800
	490			Compania de Minas Buenaventura SA, ADR		Jun. 11/35			30,625
	600			Compania de Minas Buenaventura SA, ADR		Jun. 11/40			108,000
	1,400			Denbury Resources Inc.		Jun. 11/17			17,500
	500			Eldorado Gold Corp.(j)		May 11/15			23,466
	2,000			Freeport-McMoRan Copper & Gold Inc.		Aug. 11/47.50			468,000
	1,400			Gold Fields Ltd., ADR		Jul. 11/15			47,600
	700			Goldcorp Inc.		Apr. 11/39			2,450
	850			Halliburton Co.		Apr. 11/30			3,400
	1,000			Halliburton Co.		Apr. 11/37			3,000
	500			IAMGOLD Corp.(j)		May 11/15			2,579
	1,000			IAMGOLD Corp.		Jun. 11/17			20,000
	1,500			Kinross Gold Corp.		May 11/15			82,500
	250			Newcrest Mining Ltd.(k)		Jun. 11/38.50			271,698
	250			Noble Energy Inc.		May 11/75			5,625
	300			Noble Energy Inc.		May 11/80			14,250
	330			Oil Service HOLDRS (SM) Trust		Jan. 12/104.10			70,125
	1,000			Petrohawk Energy Corp.		Jun. 11/16			11,500
	409			Randgold Resources Ltd., ADR		Sep. 11/75			177,915
	300			Rio Tinto plc, ADR		Apr. 11/62.50			3,000

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
SCHEDULE OF INVESTMENTS (Continued)
March 31, 2011 (Unaudited)

Number of						Expiration Date/		Market
Contracts						Exercise Price		Value
				OPTION CONTRACTS WRITTEN (Continued)
				Put Options Written (Continued)
	300			Rowan Companies Inc.		Apr. 11/27		$	3,000
	600			Schlumberger Ltd.		May 11/80			41,400
	2,300			Yamana Gold Inc.		Jul. 11/10			36,800
				TOTAL PUT OPTIONS WRITTEN (Premiums received $6,069,146)					2,678,588
				TOTAL OPTIONS CONTRACTS WRITTEN (Premiums received $47,254,457)				$	59,600,710
				Aggregate premiums				$	47,254,457
				Gross unrealized appreciation				$	11,366,355
				Gross unrealized depreciation					(23,712,608	)
				Net unrealized appreciation/depreciation				$	(12,346,253	)

Acquisition
Shares/												03/31/11
Principal						Acquisition		Acquisition				Carrying Value
Amount				Issuer		Date		Cost				Per Unit
	307,692			Comanche Energy Inc.		06/17/08		$	1,849,998				—
	34,091			Comanche Energy Inc., Cl. A, Warrants expire 06/18/13		06/17/08			93,750				—
	36,197			Comanche Energy Inc., Cl. B, Warrants expire 06/18/13		06/17/08			93,750				—
	82,965			Comanche Energy Inc., Cl. C, Warrants expire 06/18/13		06/17/08			187,501				—
$	4,644,732			Comanche Energy Inc., PIK, 15.500%, 06/13/13		06/17/08			4,419,732			$	0.9268

		% of
		Market				Market
Geographic Diversification		Value				Value
Long Positions
North America			60.2	%		$	749,426,036
Europe			19.6				243,299,753
South Africa			7.3				91,132,632
Latin America			7.2				89,401,094
Asia/Pacific			5.7				71,013,871
Total Investments			100.0	%		$	1,244,273,386
Short Positions
North America			(3.5	)%		$	(43,329,395	)
Europe			(0.7	)			(8,545,898	)
South Africa			(0.3	)			(3,213,874	)
Latin America			(0.2	)			(2,272,005	)
Asia/Pacific			(0.1	)			(1,550,538	)
Africa/Middle East			(0.0	)			(689,000	)
Total Investments			(4.8	)%		$	(59,600,710	)

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)

     The Fund’s financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), which may require the use of management estimates and assumptions. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements.

Security Valuation. Portfolio securities listed or traded on a nationally recognized securities exchange or traded in the U.S. over-the-counter market for which market quotations are readily available are valued at the last quoted sale price or a market’s official closing price as of the close of business on the day the securities are being valued. If there were no sales that day, the security is valued at the average of the closing bid and asked prices or, if there were no asked prices quoted on that day, then the security is valued at the closing bid price on that day. If no bid or asked prices are quoted on such day, the security is valued at the most recently available price or, if the Board of Trustees (the “Board”) so determines, by such other method as the Board shall determine in good faith to reflect its fair market value. Portfolio securities traded on more than one national securities exchange or market are valued according to the broadest and most representative market, as determined by Gabelli Funds, LLC (the “Adviser”).

     Portfolio securities primarily traded on a foreign market are generally valued at the preceding closing values of such securities on the relevant market, but may be fair valued pursuant to procedures established by the Board if market conditions change significantly after the close of the foreign market, but prior to the close of business on the day the securities are being valued. Debt instruments with remaining maturities of sixty days or less that are not credit impaired are valued at amortized cost, unless the Board determines such amount does not reflect the securities’ fair value, in which case these securities will be fair valued as determined by the Board. Debt instruments having a maturity greater than sixty days for which market quotations are readily available are valued at the average of the latest bid and asked prices. If there were no asked prices quoted on such day, the security is valued using the closing bid price. U.S. government obligations with maturities greater than sixty days are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using dealer quotations.

     Securities and assets for which market quotations are not readily available are fair valued as determined by the Board. Fair valuation methodologies and procedures may include, but are not limited to: analysis and review of available financial and non-financial information about the company; comparisons with the valuation and changes in valuation of similar securities, including a comparison of foreign securities with the equivalent U.S. dollar value ADR securities at the close of the U.S. exchange; and evaluation of any other information that could be indicative of the value of the security.

     The inputs and valuation techniques used to measure fair value of the Fund’s investments are summarized into three levels as described in the hierarchy below:

	•		Level 1 – quoted prices in active markets for identical securities;
	•		Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.); and
	•		Level 3 – significant unobservable inputs (including the Fund’s determinations as to the fair value of investments).

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)

     A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input both individually and in aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of the Fund’s investments in securities and other financial instruments by inputs used to value the Fund’s investments as of March 31, 2011 is as follows:

		Valuation Inputs
		Level 1				Level 2				Level 3				Total
		Quoted				Other Significant				Other Significant				Market Value
		Prices				Observable Inputs				Unobservable Inputs				at 3/31/11
INVESTMENTS IN SECURITIES:
ASSETS (Market Value):
Common Stocks:
Energy and Energy Services		$	550,053,518				—			$	0			$	550,053,518
Other Industries (a)			613,554,213				—				—				613,554,213
Total Common Stocks			1,163,607,731				—				0				1,163,607,731
Convertible Preferred Stocks (a)			4,239,625				—				—				4,239,625
Warrants:
Energy and Energy Services			—				—				0				0
Metals and Mining			934,760				—				—				934,760
Total Warrants			934,760				—				0				934,760
Convertible Corporate Bonds			—			$	10,168,125				3,897,386				14,065,511
Corporate Bonds			—				8,342,380				43,047				8,385,427
U.S. Government Obligations			—				53,040,332				—				53,040,332
TOTAL INVESTMENTS IN SECURITIES — ASSETS		$	1,168,782,116			$	71,550,837			$	3,940,433			$	1,244,273,386
INVESTMENTS IN SECURITIES:
LIABILITIES (Market Value):
EQUITY CONTRACTS:
Call Options Written		$	(26,725,658	)		$	(30,196,464	)		$	—			$	(56,922,122	)
Put Options Written			(1,631,515	)			(1,047,073	)			—				(2,678,588	)
TOTAL INVESTMENTS IN SECURITIES — LIABILITIES		$	(28,357,173	)		$	(31,243,537	)		$	—			$	(59,600,710	)

     The Fund did not have significant transfers between Level 1 and Level 2 during the period ended March 31, 2011.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)

     The following table reconciles Level 3 investments for which significant unobservable inputs were used to determine fair value:

																																						Net change
																																						in unrealized
																																						appreciation/
																																						depreciation
														Change in																								during the
		Balance				Accrued				Realized				unrealized												Transfers				Transfers				Balance				period on Level 3
		as of				discounts/				gain/				appreciation/												into				out of				as of				investments held
		12/31/10				(premiums)				(loss)				depreciation				Purchases				Sales				Level 3†				Level 3†				3/31/11				at 3/31/11
INVESTMENTS IN SECURITIES:
ASSETS (Market Value):
Common Stocks:
Energy and Energy Services		$	0			$	—			$	—			$	—			$	—			$	—			$	—			$	—			$	0			$	—
Warrants:
Energy and Energy Services			0				—				—				—				—				—				—				—				0				—
Convertible Corporate Bonds			3,419,897				(144	)			—				477,633				—				—				—				—				3,897,386				477,633
Corporate Bonds			43,047				10,873				—				(184,143	)			173,270				—				—				—				43,047				(184,143	)
TOTAL INVESTMENTS IN SECURITIES		$	3,462,944			$	10,729			$	—			$	293,490			$	173,270			$	—			$	—			$	—			$	3,940,433			$	293,490

Foreign Currency Translations. The books and records of the Fund are maintained in U.S. dollars. Foreign currencies, investments, and other assets and liabilities are translated into U.S. dollars at the current exchange rates. Purchases and sales of investment securities, income, and expenses are translated at the exchange rate prevailing on the respective dates of such transactions. Unrealized gains and losses that result from changes in foreign exchange rates and/or changes in market prices of securities have been included in unrealized appreciation/depreciation on investments and foreign currency translations. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions, and the difference between the amounts of interest and dividends recorded on the books of the Fund and the amounts actually received. The portion of foreign currency gains and losses related to fluctuation in exchange rates between the initial purchase trade date and subsequent sale trade date is included in realized gain/loss on investments.

Foreign Securities. The Fund may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the inability to repatriate funds, less complete financial information about companies, and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than securities of comparable U.S. issuers.

Foreign Taxes. The Fund may be subject to foreign taxes on income, gains on investments, or currency repatriation, a portion of which may be recoverable. The Fund will accrue such taxes and recoveries as applicable, based upon its current interpretation of tax rules and regulations that exist in the markets in which it invests.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)

Derivative Financial Instruments. The Fund may engage in various portfolio investment strategies by investing in a number of derivative financial instruments for the purposes of increasing the income of the Fund. Investing in certain derivative financial instruments, including participation in the options, futures, or swap markets, entails certain execution, liquidity, hedging, tax, and securities, interest, credit, or currency market risks. Losses may arise if the Adviser’s prediction of movements in the direction of the securities, foreign currency, and interest rate markets is inaccurate. Losses may also arise if the counterparty does not perform its duties under a contract, or that, in the event of default, the Fund may be delayed in or prevented from obtaining payments or other contractual remedies owed to it under derivative contracts. The creditworthiness of the counterparties is closely monitored in order to minimize these risks. Participation in derivative transactions involves investment risks, transaction costs, and potential losses to which the Fund would not be subject absent the use of these strategies. The consequences of these risks, transaction costs, and losses may have a negative impact on the Fund’s ability to pay distributions.

     The Fund’s derivative contracts held at March 31, 2011, if any, are not accounted for as hedging instruments under GAAP.

     Swap Agreements. The Fund may enter into equity contract for difference swap transactions for the purpose of increasing the income of the Fund. The use of swaps is a highly specialized activity that involves investment techniques and risks different from those associated with ordinary portfolio security transactions. In an equity contract for difference swap, a set of future cash flows is exchanged between two counterparties. One of these cash flow streams will typically be based on a reference interest rate combined with the performance of a notional value of shares of a stock. The other will be based on the performance of the shares of a stock. Depending on the general state of short-term interest rates and the returns on the Fund’s portfolio securities at the time a swap transaction reaches its scheduled termination date, there is a risk that the Fund will not be able to obtain a replacement transaction or that the terms of the replacement will not be as favorable as on the expiring transaction. During the period ended March 31, 2011, the Fund held no investments in equity contract for difference swap agreements.

     Options. The Fund may purchase or write call or put options on securities or indices for the purpose of achieving additional return or for hedging the value of the Fund’s portfolio. As a writer of put options, the Fund receives a premium at the outset and then bears the risk of unfavorable changes in the price of the financial instrument underlying the option. The Fund would incur a loss if the price of the underlying financial instrument decreases between the date the option is written and the date on which the option is terminated. The Fund would realize a gain, to the extent of the premium, if the price of the financial instrument increases between those dates. If a written call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether there has been a realized gain or loss. If a written put option is exercised, the premium reduces the cost basis of the security.

     As a purchaser of put options, the Fund pays a premium for the right to sell to the seller of the put option the underlying security at a specified price. The seller of the put has the obligation to purchase the underlying security upon exercise at the exercise price. If the price of the underlying security declines, the Fund would realize a gain upon sale or exercise. If the price of the underlying security increases or stays the same, the Fund would realize a loss upon sale or at the expiration date, but only to the extent of the premium paid.

THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)

     In the case of call options, these exercise prices are referred to as “in-the-money,” “at-the-money,” and “out-of-the-money,” respectively. The Fund may write (a) in-the-money call options when the Adviser expects that the price of the underlying security will remain stable or decline during the option period, (b) at-the-money call options when the Adviser expects that the price of the underlying security will remain stable, decline, or advance moderately during the option period, and (c) out-of-the-money call options when the Adviser expects that the premiums received from writing the call option will be greater than the appreciation in the price of the underlying security above the exercise price. By writing a call option, the Fund limits its opportunity to profit from any increase in the market value of the underlying security above the exercise price of the option. Out-of-the-money, at-the-money, and in-the-money put options (the reverse of call options as to the relation of exercise price to market price) may be utilized in the same market environments that such call options are used in equivalent transactions. Option positions at March 31, 2011 are reflected within the Schedule of Investments.

     The Fund’s volume of activity in equity options contracts during the period ended March 31, 2011 had an average monthly premium amount of approximately $42,441,214.

     Written options activity for the Fund for the period ended March 31, 2011 was as follows:

		Number of
		Contracts				Premiums
Options outstanding at December 31, 2010			248,423			$	41,187,943
Stock splits on options			2,100				—
Options written			283,989				48,082,826
Options repurchased			(101,082	)			(19,378,650	)
Options expired			(122,445	)			(17,012,349	)
Options exercised			(45,244	)			(5,625,313	)
Options outstanding at March 31, 2011			265,741			$	47,254,457

     The following table summarizes the market value of derivatives held at March 31, 2011 by primary risk exposure:

Liability Derivatives:		Market Value
Equity Contracts		$	(59,600,710	)

Tax Information. The Fund intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended.

AUTOMATIC DIVIDEND REINVESTMENT
AND VOLUNTARY CASH PURCHASE PLANS

Enrollment in the Plan

     It is the policy of The Gabelli Global Gold, Natural Resources & Income Trust (the “Fund”) to automatically reinvest dividends payable to common shareholders. As a “registered” shareholder you automatically become a participant in the Fund’s Automatic Dividend Reinvestment Plan (the “Plan”). The Plan authorizes the Fund to credit common shares to participants upon an income dividend or a capital gains distribution regardless of whether the shares are trading at a discount or a premium to net asset value. All distributions to shareholders whose shares are registered in their own names will be automatically reinvested pursuant to the Plan in additional shares of the Fund. Plan participants may send their share certificates to American Stock Transfer (“AST”) to be held in their dividend reinvestment account. Registered shareholders wishing to receive their distributions in cash must submit this request in writing to:

The Gabelli Global Gold, Natural Resources & Income Trust
c/o American Stock Transfer
6201 15th Avenue
Brooklyn, NY 11219

     Shareholders requesting this cash election must include the shareholder’s name and address as they appear on the share certificate. Shareholders with additional questions regarding the Plan or requesting a copy of the terms of the Plan, may contact AST at (888) 422-3262.

     If your shares are held in the name of a broker, bank, or nominee, you should contact such institution. If such institution is not participating in the Plan, your account will be credited with a cash dividend. In order to participate in the Plan through such institution, it may be necessary for you to have your shares taken out of “street name” and re-registered in your own name. Once registered in your own name your distributions will be automatically reinvested. Certain brokers participate in the Plan. Shareholders holding shares in “street name” at participating institutions will have dividends automatically reinvested. Shareholders wishing a cash dividend at such institution must contact their broker to make this change.

     The number of common shares distributed to participants in the Plan in lieu of cash dividends is determined in the following manner. Under the Plan, whenever the market price of the Fund’s common shares is equal to or exceeds net asset value at the time shares are valued for purposes of determining the number of shares equivalent to the cash dividends or capital gains distribution, participants are issued common shares valued at the greater of (i) the net asset value as most recently determined or (ii) 95% of the then current market price of the Fund’s common shares. The valuation date is the dividend or distribution payment date or, if that date is not a NYSE Amex trading day, the next trading day. If the net asset value of the common shares at the time of valuation exceeds the market price of the common shares, participants will receive common shares from the Fund valued at market price. If the Fund should declare a dividend or capital gains distribution payable only in cash, AST will buy common shares in the open market, or on the NYSE Amex, or elsewhere, for the participants’ accounts, except that AST will endeavor to terminate purchases in the open market and cause the Fund to issue shares at net asset value if, following the commencement of such purchases, the market value of the common shares exceeds the then current net asset value.

     The automatic reinvestment of dividends and capital gains distributions will not relieve participants of any income tax which may be payable on such distributions. A participant in the Plan will be treated for federal income tax purposes as having received, on a dividend payment date, a dividend or distribution in an amount equal to the cash the participant could have received instead of shares.

Voluntary Cash Purchase Plan

     The Voluntary Cash Purchase Plan is yet another vehicle for our shareholders to increase their investment in the Fund. In order to participate in the Voluntary Cash Purchase Plan, shareholders must have their shares registered in their own name.

     Participants in the Voluntary Cash Purchase Plan have the option of making additional cash payments to AST for investments in the Fund’s common shares at the then current market price. Shareholders may send an amount from $250 to $10,000. AST will use these funds to purchase shares in the open market on or about the 1st and 15th of each month. AST will charge each shareholder who participates a pro rata share of the brokerage commissions. Brokerage charges for such purchases are expected to be less than the usual brokerage charge for such transactions. It is suggested that any voluntary cash payments be sent to American Stock Transfer, 6201 15th Avenue, Brooklyn, NY 11219 such that AST receives such payments approximately 10 days before the investment date. Funds not received at least five days before the investment date shall be held for investment until the next purchase date. A payment may be withdrawn without charge if notice is received by AST at least 48 hours before such payment is to be invested.

     Shareholders wishing to liquidate shares held at AST must do so in writing or by telephone. Please submit your request to the above mentioned address or telephone number. Include in your request your name, address, and account number. The cost to liquidate shares is $1.00 per transaction as well as the brokerage commission incurred. Brokerage charges are expected to be less than the usual brokerage charge for such transactions.

     For more information regarding the Automatic Dividend Reinvestment Plan and Voluntary Cash Purchase Plan, brochures are available by calling (914) 921-5070 or by writing directly to the Fund.

     The Fund reserves the right to amend or terminate the Plan as applied to any voluntary cash payments made and any dividend or distribution paid subsequent to written notice of the change sent to the members of the Plan at least 90 days before the record date for such dividend or distribution. The Plan also may be amended or terminated by AST on at least 90 days written notice to participants in the Plan.

TRUSTEES AND OFFICERS
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST
One Corporate Center, Rye, NY 10580-1422

Trustees		Officers
Anthony J. Colavita   President,   Anthony J. Colavita, P.C. James P. Conn   Former Managing Director &   Chief Investment Officer,   Financial Security Assurance Holdings Ltd. Mario d’Urso   Former Italian Senator Vincent D. Enright   Former Senior Vice President &   Chief Financial Officer,   KeySpan Corp. Frank J. Fahrenkopf, Jr.   President & Chief Executive Officer,   American Gaming Association Michael J. Melarkey   Attorney-at-Law,   Avansino, Melarkey, Knobel & Mulligan Salvatore M. Salibello   Certified Public Accountant,   Salibello & Broder, LLP Anthonie C. van Ekris   Chairman, BALMAC International, Inc. Salvatore J. Zizza   Chairman, Zizza & Co., Ltd.		Bruce N. Alpert   President Carter W. Austin   Vice President Peter D. Goldstein   Chief Compliance Officer Molly A.F. Marion   Vice President & Ombudsman Laurissa M. Martire   Vice President & Ombudsman David I. Schachter   Vice President Agnes Mullady   Treasurer & Secretary Investment Adviser Gabelli Funds, LLC One Corporate Center Rye, New York 10580-1422 Custodian The Bank of New York Mellon Counsel Skadden, Arps, Slate, Meagher & Flom LLP Transfer Agent and Registrar American Stock Transfer and Trust Company Stock Exchange Listing

						6.625%
		Common				Preferred
NYSE Amex—Symbol:		GGN				GGN PrA
Shares Outstanding:			60,039,937				3,955,687

The Net Asset Value per share appears in the Publicly Traded Funds column, under the heading “Specialized Equity Funds,” in Monday’s The Wall Street Journal. It is also listed in Barron’s Mutual Funds/Closed End Funds section under the heading “Specialized Equity Funds.”

The Net Asset Value per share may be obtained each day by calling (914) 921-5070 or visiting www.gabelli.com.

The NASDAQ symbol for the Net Asset Value is “XGGNX.”

Item 2. Controls and Procedures.

	(a)		The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).
	(b)		There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Gabelli Global Gold, Natural Resources & Income Trust

By (Signature and Title)*		/s/ Bruce N. Alpert   Bruce N. Alpert, Principal Executive Officer

Date 5/31/11

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*		/s/ Bruce N. Alpert   Bruce N. Alpert, Principal Executive Officer

Date 5/31/11

By (Signature and Title)*		/s/ Agnes Mullady   Agnes Mullady, Principal Financial Officer and Treasurer

Date 5/31/11