PAGE 1 000 A000000 09/30/2006 000 C000000 0001288795 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 CLOUGH GLOBAL ALLOCATION FUND 001 B000000 811-21583 001 C000000 8772568445 002 A000000 1625 BROADWAY, SUITE 2200 002 B000000 DENVER 002 C000000 CO 002 D010000 80202 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 008 A000001 CLOUGH CAPITAL PARTNERS 008 B000001 A 008 C000001 801-63142 008 D010001 BOSTON 008 D020001 MA 008 D030001 02110 010 A000001 ALPS FUND SERVICES, INC. 010 C010001 DENVER 010 C020001 CO 010 C030001 80202 011 A000001 MERRILL LYNCH 011 B000001 8-01-14235 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10080 012 A000001 BANK OF NEW YORK 012 B000001 84-00000 012 C010001 NEW YORK 012 C020001 NY 012 C030001 10286 013 A000001 DELOITTE & TOUCHE LLP 013 B010001 DENVER 013 B020001 CO 013 B030001 80202 014 A000001 DELETE 015 A000001 BANK OF NEW YORK 015 B000001 C 015 C010001 NEW YORK 015 C020001 NY PAGE 2 015 C030001 10286 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 A000001 SUSQUEHANNA FINANCIAL GROUP 020 B000001 23-2666961 020 C000001 196 020 A000002 MERILL LYNCH 020 B000002 13-3247006 020 C000002 100 020 A000003 LEHMAN BROTHERS 020 B000003 13-2518466 020 C000003 96 020 A000004 HORWARD WEIL 020 B000004 52-1794977 020 C000004 67 020 A000005 PULSE 020 B000005 04-3573598 020 C000005 53 020 A000006 KEEFE BRUYETTE WOODS 020 B000006 13-1964616 020 C000006 44 020 A000007 SIMMONS 020 B000007 76-0266412 020 C000007 36 020 A000008 RBC CAPITAL MARKETS 020 B000008 13-5033225 020 C000008 34 020 A000009 UBS FINANCIAL SERVICES 020 B000009 13-2638166 020 C000009 33 020 A000010 DEUTSCHE BANK 020 B000010 13-2730828 020 C000010 30 021 000000 980 022 A000001 MERRILL LYNCH 022 B000001 13-3247006 022 C000001 42813 022 D000001 7973 022 A000002 BEAR STEARNS 022 B000002 13-3299429 022 C000002 24952 022 D000002 2991 022 A000003 MORGAN KEEGAN & CO. 022 B000003 64-0474907 022 C000003 12955 022 D000003 9984 022 A000004 LEHMAN BROTHERS 022 B000004 13-2518466 022 C000004 12997 PAGE 3 022 D000004 4948 022 A000005 BARCLAYS 022 B000005 05-0346412 022 C000005 15930 022 D000005 0 022 A000006 CIBC WORLD MARKETS 022 B000006 13-2798343 022 C000006 14899 022 D000006 0 022 A000007 DEUTSCHE BANK 022 B000007 13-2730828 022 C000007 10501 022 D000007 3523 022 A000008 BANK OF NEW YORK 022 B000008 13-2614959 022 C000008 1279 022 D000008 0 022 A000009 FERRIS BAKER WATTS 022 B000009 52-0909521 022 C000009 1003 022 D000009 0 022 A000010 NOMURA SECURITIES 022 B000010 13-2642206 022 C000010 373 022 D000010 0 023 C000000 313777 023 D000000 194818 024 000000 Y 025 A000001 BARCLAYS BANK, PLC 025 B000001 05-0346412 025 C000001 D 025 D000001 14119 025 A000002 BARCLAYS BANK, PLC 025 B000002 05-0346412 025 C000002 E 025 D000002 918 025 A000003 NOMURA SECURITIES 025 B000003 13-2642206 025 C000003 E 025 D000003 3378 025 A000004 MERRILL LYNCH 025 B000004 13-3247006 025 C000004 D 025 D000004 3155 025 A000005 BANK OF NEW YORK 025 B000005 13-2614959 025 C000005 E 025 D000005 2362 025 A000006 UBS FINANCIAL 025 B000006 13-2638166 025 C000006 E PAGE 4 025 D000006 1168 025 A000007 DELETE 025 D000007 0 025 A000008 DELETE 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 Y 026 D000000 Y 026 E000000 Y 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 PAGE 5 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.700 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 N 054 A000000 Y 054 B000000 Y 054 C000000 Y 054 D000000 Y 054 E000000 Y 054 F000000 N 054 G000000 Y PAGE 6 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 Y 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 Y 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 N 060 B000000 N 061 000000 2000 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 N 066 E000000 N 066 F000000 N 066 G000000 Y 067 000000 Y 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y PAGE 7 070 B020000 Y 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 Y 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 Y 071 A000000 272085 071 B000000 274157 071 C000000 326461 071 D000000 83 072 A000000 6 072 B000000 3510 072 C000000 1900 072 D000000 0 072 E000000 0 072 F000000 1363 072 G000000 555 072 H000000 0 072 I000000 0 072 J000000 0 072 K000000 0 072 L000000 0 072 M000000 46 072 N000000 0 PAGE 8 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 0 072 S000000 0 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 476 072 X000000 2440 072 Y000000 0 072 Z000000 2970 072AA000000 9842 072BB000000 6941 072CC010000 17493 072CC020000 0 072DD010000 7344 072DD020000 0 072EE000000 0 073 A010000 0.7200 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 5844 074 B000000 0 074 C000000 12161 074 D000000 54209 074 E000000 3231 074 F000000 228442 074 G000000 720 074 H000000 0 074 I000000 24810 074 J000000 21754 074 K000000 0 074 L000000 3435 074 M000000 38710 074 N000000 393316 074 O000000 33024 074 P000000 317 074 Q000000 0 074 R010000 0 074 R020000 34556 074 R030000 90 074 R040000 95414 074 S000000 0 074 T000000 229915 074 U010000 10294 074 U020000 0 074 V010000 22.33 074 V020000 0.00 074 W000000 0.0000 PAGE 9 074 X000000 5 074 Y000000 69960 075 A000000 0 075 B000000 238114 076 000000 22.42 077 A000000 N 078 000000 N 086 A010000 124 086 A020000 2965 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 18913Y103 087 A030000 GLV 087 B010000 PREFERRED STOCK 087 B020000 18913Y202 087 B030000 GLV 088 A000000 Y 088 B000000 Y 088 C000000 N 088 D000000 Y SIGNATURE JEREMY MAY TITLE TREASURER