c48554_n-q.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act file number                811-21511  

Lazard Global Total Return and Income Fund, Inc.
(Exact name of Registrant as specified in charter)

30 Rockefeller Plaza
New York, New York 10112
(Address of principal executive offices) (Zip code)

Nathan A. Paul, Esq.
Lazard Asset Management LLC
30 Rockefeller Plaza
New York, New York 10112
(Name and address of agent for service)

Registrant's telephone number, including area code:                (212) 632-6000

Date of fiscal year end:                12/31

Date of reporting period:             3/31/2007


FORM N-Q

Item 1. Schedule of Investments.

Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments
March 31, 2007 (unaudited)
Description
 
 Shares
 
 Value
Common Stocks—89.3%          
Finland—2.0%          
  Nokia Oyj Sponsored ADR (c)   192,800   $ 4,418,976
 
France—5.1%          
  Sanofi-Aventis ADR (d)   105,200     4,577,252
  Societe Generale Sponsored ADR   72,000     2,498,400
  Total SA Sponsored ADR (c)   64,000     4,465,920
  Total France         11,541,572
 
Italy—1.0%          
  Eni SpA Sponsored ADR (c)   36,350     2,356,571
 
Japan—10.2%          
  Canon, Inc. Sponsored ADR   44,700     2,399,496
  Hoya Corp. Sponsored ADR   54,300     1,797,330
  Mitsubishi UFJ Financial Group, Inc. ADR (c)   323,100     3,638,106
  Mitsui Sumitomo Insurance Co., Ltd. ADR (d)   17,600     2,204,565
  Nissan Motor Co., Ltd. Sponsored ADR (d)   192,200     4,113,080
  Nomura Holdings, Inc. ADR (d)   332,600     6,894,798
  Sumitomo Mitsui Financial Group, Inc. ADR   209,100     1,902,810
  Total Japan         22,950,185
 
Netherlands—2.6%          
  Heineken NV ADR   225,600     5,899,440
 
Singapore—2.1%          
  Singapore Telecommunications, Ltd. ADR (d)   217,400     4,706,710
 
Sweden—1.0%          
  Telefonaktiebolaget LM Ericsson Sponsored ADR   61,900     2,295,871
 
Switzerland—9.9%          
  Credit Suisse Group Sponsored ADR   73,400     5,272,322
  Nestle SA Sponsored ADR   34,400     3,341,960
  Novartis AG ADR   78,900     4,310,307
  Swiss Reinsurance Co. Sponsored ADR   24,900     2,279,346
  UBS AG (c)   75,900     4,510,737
  Zurich Financial Services AG ADR   92,500     2,668,625
  Total Switzerland         22,383,297
 
United Kingdom—17.1%          
  Barclays PLC Sponsored ADR (d)   67,800     3,860,532
  BP PLC Sponsored ADR (c)   69,600     4,506,600
  Cadbury Schweppes PLC Sponsored ADR (c)   112,700     5,789,399
  Diageo PLC Sponsored ADR   101,100     8,184,045
  GlaxoSmithKline PLC Sponsored ADR (c), (d)   80,200     4,431,852
  HSBC Holdings PLC Sponsored ADR (d)   76,300     6,699,903
  Vodafone Group PLC Sponsored ADR   191,712     5,149,384
  Total United Kingdom         38,621,715
 
United States—38.3%          
  Bank of America Corp. (c)   138,200     7,050,964
  Bristol-Myers Squibb Co. (c)   92,600     2,570,576
  Cisco Systems, Inc. (a)   220,400     5,626,812
  ConocoPhillips   32,900     2,248,715
  Dell, Inc. (a)   92,900     2,156,209
  Exxon Mobil Corp. (c)   105,100     7,929,795
  First Data Corp. (c)   84,300     2,267,670
  General Electric Co.   116,300     4,112,368
  International Business Machines Corp.   80,700     7,606,782
  Johnson & Johnson (c)   104,300     6,285,118
  JPMorgan Chase & Co. (c)   148,896     7,203,589
  Mellon Financial Corp. (d)   103,600     4,469,304
  Microsoft Corp. (c)   326,400     9,096,768
  Oracle Corp. (a), (c)   399,700     7,246,561
  The Home Depot, Inc.   165,500     6,080,470
  United Technologies Corp.   68,900     4,478,500
  Total United States         86,430,201
 
Total Common Stocks          
  (Identified cost $164,251,207)         201,604,538
           


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2007 (unaudited)
    Principal        
    Amount        
Description
 
 (000) (e)
 
 Value  
Foreign Government            
  Obligations—8.5%            
 
Costa Rica—1.6%            
  Costa Rican Bono de Estabilizacion Monetaria,            
    0.00%, 10/10/07   639,500   $ 1,190,811  
  Costa Rican Titulos de Propiedad:            
    0.00%, 04/11/07   626,200     1,204,687  
    0.00%, 10/10/07   660,000     1,228,984  
  Total Costa Rica         3,624,482  
 
Egypt—3.6%            
  Central Bank of Egypt Certificates            
    of Deposit:            
    0.00%, 04/26/07   14,000     2,442,200  
    0.00%, 05/23/07   4,000     693,375  
    0.00%, 07/04/07   7,000     1,201,020  
  Egypt Treasury Bills:            
    0.00%, 04/17/07   7,125     1,245,607  
    0.00%, 04/24/07   11,825     2,063,907  
    0.00%, 05/01/07   3,250     566,329  
  Total Egypt         8,212,438  
 
Hungary—1.0%            
  Hungarian Government Bonds:            
    9.50%, 02/12/09   200,510     1,117,258  
    6.50%, 08/12/09   205,770     1,083,054  
  Total Hungary         2,200,312  
 
Mexico—1.2%            
  Mexican Bonos:            
    8.00%, 12/24/08   12,370     1,135,166  
    9.00%, 12/20/12   15,450     1,501,014  
  Total Mexico         2,636,180  
 
Turkey—1.1%            
  Turkish Government Bonds:            
    0.00%, 08/13/08   2,400     1,346,127  
    14.00%, 01/19/11   1,782     1,171,946  
  Total Turkey         2,518,073  
             
Total Foreign Government            
  Obligations            
  (Identified cost $18,858,897)         19,191,485  
Structured Notes—1.7%            
Brazil—1.5%            
  Citibank Brazil Inflation-Linked Bond NTN-B:        
     7.90%, 05/18/09 (f)   927     1,062,257  
     7.70%, 08/17/10 (f)   1,029     1,166,218  
     7.35%, 05/18/15 (f)   989     1,126,636  
  Total Brazil         3,355,111  
 
Colombia—0.2%            
  Citibank Colombia TES Credit            
    Linked Unsecured Note,            
    9.88%, 04/27/12 (f)   397     496,664  
Total Structured Notes            
  (Identified cost $3,318,598)         3,851,775  
 
   
Shares
       
Collateral For Securities            
  on Loan—13.5%            
  State Street Navigator Securities            
    Lending Prime Portfolio,            
    5.33% (g), (h)            
    (Identified cost $30,543,178)   30,543,178     30,543,178  
             
Total Investments—113.0%            
  (Identified cost $216,971,880) (b)     $ 255,190,976  
Liabilities in Excess of Cash and            
  Other Assets—(13.0)%         (29,423,917 )
Net Assets—100.0%     $ 225,767,059  


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2007 (unaudited)
Forward Currency Purchase Contracts open at March 31, 2007:
            U.S. $ Cost   U.S. $            
Forward Currency   Expiration   Foreign   on Origination   Current   Unrealized   Unrealized
Purchase Contracts   Date   Currency   Date   Value   Appreciation   Depreciation
ARS   04/09/07   397,312   $ 128,000   $ 128,156   $ 156   $ -
ARS   04/25/07   1,549,500     500,000     500,108     108     -
ARS   05/02/07   1,863,000     600,000     601,370     1,370     -
ARS   05/02/07   2,983,680     960,000     963,121     3,121     -
BRL   09/20/07   2,352,609     1,047,000     1,121,497     74,497     -
BRL   09/20/07   5,583,770     2,483,000     2,661,804     178,804     -
BRL   10/05/07   993,450     444,000     472,492     28,492     -
BRL   10/30/07   1,305,901     586,000     618,777     32,777     -
BWP   04/11/07   4,917,929     779,000     785,220     6,220     -
BWP   04/20/07   6,430,619     1,028,000     1,025,133     -     2,867
BWP   04/23/07   2,539,783     399,000     404,666     5,666     -
COP   04/02/07   611,955,000     270,000     277,767     7,767     -
COP   04/02/07   1,875,600,000     863,536     851,336     -     12,200
COP   04/02/07   1,875,600,000     863,536     851,336     -     12,200
COP   04/23/07   4,952,392,000     2,272,000     2,245,754     -     26,246
COP   04/25/07   880,696,000     389,000     399,332     10,332     -
COP   04/26/07   1,042,820,000     460,000     472,822     12,822     -
EUR   04/12/07   1,356,944     1,809,145     1,807,164     -     1,981
EUR   05/02/07   970,000     1,279,590     1,292,873     13,283     -
GHC   05/24/07   6,539,400,000     692,000     700,062     8,062     -
GHC   06/18/07   2,103,450,000     222,000     224,256     2,256     -
GHC   07/16/07   3,393,000,000     360,000     359,695     -     305
GHC   07/24/07   5,426,964,580     573,130     574,289     1,159     -
GHC   08/27/07   9,923,540,000     1,049,000     1,042,206     -     6,794
GHC   09/13/07   5,521,023,000     584,854     577,661     -     7,193
IDR   04/12/07   3,708,720,000     408,000     406,435     -     1,565
IDR   04/12/07   5,667,431,000     623,000     621,088     -     1,912
IDR   04/20/07   5,154,087,500     557,500     564,832     7,332     -
IDR   05/15/07   25,373,040,000     2,746,000     2,780,607     34,607     -
IDR   06/20/07   5,170,812,500     557,500     566,664     9,164     -
ILS   04/10/07   4,324,590     1,026,000     1,040,611     14,611     -
ILS   04/19/07   4,837,979     1,149,000     1,164,445     15,445     -
INR   04/05/07   37,220,400     840,000     855,461     15,461     -
INR   04/05/07   27,984,210     629,000     643,180     14,180     -
INR   04/05/07   5,136,510     119,094     118,056     -     1,038
INR   04/16/07   54,091,380     1,218,000     1,240,448     22,448     -
INR   04/23/07   48,398,560     1,094,000     1,108,326     14,326     -
INR   05/07/07   29,034,560     656,000     663,454     7,454     -
INR   05/17/07   10,358,040     228,000     236,434     8,434     -
INR   05/18/07   10,358,040     228,000     236,408     8,408     -
KWD   04/30/07   327,970     1,135,000     1,133,157     -     1,843
KWD   04/30/07   344,741     1,193,000     1,191,104     -     1,896
KWD   06/04/07   335,218     1,159,000     1,158,130     -     870
KWD   07/16/07   325,808     1,126,000     1,125,628     -     372
KZT   05/08/07   74,976,800     592,000     606,294     14,294     -
KZT   08/02/07   93,035,600     745,000     753,448     8,448     -
KZT   08/09/07   76,622,000     617,173     620,578     3,405     -
KZT   09/10/07   68,641,200     552,000     556,164     4,164     -


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2007 (unaudited)
Forward Currency Purchase Contracts open at March 31, 2007 (continued):
            U.S. $ Cost   U.S. $            
Forward Currency   Expiration   Foreign   on Origination   Current   Unrealized   Unrealized
Purchase Contracts   Date   Currency   Date   Value   Appreciation   Depreciation
MXN   04/09/07   10,640,463   $ 985,000   $ 965,891   $ -   $ 19,109
MXN   04/09/07   1,496,466     135,116     135,842     726     -
MXN   05/29/07   20,773,040     1,887,000     1,880,824     -     6,176
MXN   03/31/08   4,261,246     376,000     378,421     2,421     -
MYR   04/12/07   1,413,751     405,202     409,142     3,940     -
MYR   04/16/07   2,709,399     777,000     784,265     7,265     -
MYR   04/23/07   2,874,480     826,000     832,344     6,344     -
MYR   05/11/07   3,207,783     925,500     929,697     4,197     -
MYR   05/14/07   3,207,783     925,500     929,837     4,337     -
MYR   06/12/07   1,897,514     543,000     550,815     7,815     -
NGN   04/05/07   178,352,490     1,367,000     1,393,923     26,923     -
NGN   06/05/07   49,946,968     388,000     383,972     -     4,028
NGN   07/10/07   154,130,070     1,189,000     1,173,480     -     15,520
NGN   07/17/07   156,655,070     1,210,000     1,192,704     -     17,296
NGN   09/07/07   178,977,600     1,381,000     1,362,658     -     18,342
PEN   08/14/07   1,964,505     610,000     618,022     8,022     -
PEN   08/16/07   1,640,209     516,000     516,000     -     -
PHP   04/19/07   11,277,420     231,000     233,766     2,766     -
PHP   04/20/07   50,772,800     1,040,000     1,052,461     12,461     -
PHP   05/14/07   68,481,450     1,371,000     1,419,698     48,698     -
PHP   06/26/07   81,843,980     1,502,000     1,697,035     195,035     -
PLN   04/12/07   3,617,720     1,216,776     1,248,170     31,394     -
PLN   05/14/07   2,144,196     722,000     740,592     18,592     -
PLN   05/14/07   1,137,732     391,000     392,966     1,966     -
PLN   05/21/07   9,083,701     3,059,000     3,138,136     79,136     -
RON   04/12/07   1,406,987     546,000     558,010     12,010     -
RON   04/30/07   7,409,000     2,920,724     2,933,711     12,987     -
RUB   05/24/07   106,389,050     3,826,944     4,087,643     260,699     -
RUB   08/27/07   56,586,000     2,163,073     2,174,787     11,714     -
RUB   11/07/07   46,639,980     1,739,000     1,792,627     53,627     -
RUB   02/01/08   11,541,000     434,768     443,306     8,538     -
RUB   09/19/08   21,264,250     725,000     807,624     82,624     -
SGD   04/10/07   1,038,696     678,000     684,501     6,501     -
SGD   04/11/07   996,030     651,000     656,425     5,425     -
SGD   04/30/07   2,688,557     1,777,000     1,773,981     -     3,019
SGD   05/07/07   1,323,051     867,000     873,381     6,381     -
SGD   05/22/07   364,951     240,000     241,149     1,149     -
SGD   06/15/07   730,543     481,000     483,459     2,459     -
SGD   08/27/07   1,382,563     910,000     919,079     9,079     -
SKK   05/02/07   30,859,100     1,150,000     1,239,564     89,564     -
SKK   05/23/07   25,203,410     1,004,851     1,013,211     8,360     -
SKK   06/13/07   26,788,000     1,035,045     1,077,690     42,645     -
TRY   05/31/07   746,493     459,352     525,903     66,551     -
TRY   06/27/07   4,353,244     2,699,686     3,041,283     341,597     -
TZS   04/16/07   557,516,000     426,503     448,741     22,238     -
TZS   04/30/07   580,163,400     436,000     465,861     29,861     -
TZS   05/08/07   520,053,000     396,684     416,634     19,950     -
TZS   05/15/07   470,744,000     361,000     376,374     15,374     -


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2007 (unaudited)
Forward Currency Purchase and Sale Contracts open at March 31, 2007 (concluded):
            U.S. $ Cost   U.S. $            
Forward Currency   Expiration   Foreign   on Origination   Current   Unrealized   Unrealized
Purchase Contracts   Date   Currency   Date   Value   Appreciation   Depreciation
TZS   10/16/07   503,740,750   $ 383,000   $ 385,483   $ 2,483   $ -
TZS   02/05/08   385,792,000     274,000     285,701     11,701     -
TZS   02/06/08   516,304,000     368,000     382,243     14,243     -
TZS   04/30/08   745,327,886     547,230     544,432     -     2,798
UAH   04/02/07   3,195,000     634,306     635,199     893     -
UAH   04/11/07   4,693,000     928,388     933,087     4,699     -
UAH   04/13/07   7,632,000     1,512,066     1,517,460     5,394     -
UGX   04/11/07   670,128,000     368,000     382,515     14,515     -
UGX   09/10/07   479,650,000     265,000     268,306     3,306     -
Total Forward Currency Purchase Contracts   $ 95,027,772   $ 97,079,880   $ 2,217,678   $ 165,570
 
 
            U.S. $ Cost   U.S. $            
Forward Currency   Expiration   Foreign   on Origination   Current   Unrealized   Unrealized
Sale Contracts   Date   Currency   Date   Value   Appreciation   Depreciation
BWP   04/11/07   3,755,009   $ 595,000   $ 599,543   $ -   $ 4,543
BWP   04/20/07   3,050,626     485,000     486,314     -     1,314
COP   04/02/07   2,487,555,000     1,113,000     1,129,103     -     16,103
COP   04/23/07   1,882,023,750     865,000     853,438     11,562     -
EUR   05/23/07   755,000     1,004,851     1,007,173     -     2,322
HUF   04/27/07   211,494,727     1,134,574     1,136,090     -     1,516
HUF   04/28/07   209,816,271     1,120,095     1,122,413     -     2,318
INR   04/29/07   22,202,640     513,000     510,298     2,702     -
INR   04/30/07   48,138,480     1,112,000     1,106,399     5,601     -
INR   05/01/07   3,888,900     90,000     89,182     818     -
MXN   05/02/07   12,136,929     1,084,284     1,101,734     -     17,450
MXN   05/03/07   11,121,833     1,005,000     1,006,989     -     1,989
RON   05/04/07   4,571,000     1,809,145     1,812,854     -     3,709
RUB   05/05/07   23,963,580     892,000     920,720     -     28,720
TRY   05/06/07   1,433,837     992,000     1,010,135     -     18,135
TZS   05/07/07   557,516,000     441,772     448,741     -     6,969
TZS   04/30/07   580,163,400     460,447     465,861     -     5,414
TZS   05/08/07   520,053,000     392,197     416,634     -     24,437
UAH   04/02/07   3,195,000     635,189     635,199     -     10
Total Forward Currency Sale Contracts       $ 15,744,554   $ 15,858,820     20,683     134,949
Gross unrealized appreciation/depreciation on Forward Currency Contracts               $ 2,238,361   $ 300,519


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (continued)
March 31, 2007 (unaudited)
(a)      Non-income producing security.
(b)      For federal income tax purposes, the aggregate cost was $216,971,880, aggregate gross unrealized appreciation was $40,978,052, aggregate gross unrealized depreciation was $2,758,956, and the net unrealized appreciation was $38,219,096.
(c)      Segregated security for forward currency contracts.
(d)      Security or portion thereof is out on loan.
(e)      Principal amount denominated in respective country’s currency unless otherwise specified.
(f)      Pursuant to Rule 144A under the Securities Act of 1933, these securities may only be traded among “qualified institutional buyers.” At March 31, 2007, these securities amounted to 1.7% of net assets and none are considered to be liquid. Principal amount denominated in U.S. dollar. Interest rate shown reflects current yield as of March 31, 2007.
(g)      Rate shown reflects 7 day yield as of March 31, 2007.
(h)      Represents security purchased with cash collateral received for securities on loan.
 

Security Abbreviations:
ADR – American Depositary Receipt
NTN-B – Brazil Sovereign “Nota do Tesouro Nacional”
TES – Titulos de Tesoreria

Currency Abbreviations:    
ARS — Argentine Peso   MYR — Malaysian Ringgit
BRL — Brazilian Real   NGN — Nigerian Naira
BWP — Botswana Pula   PEN — Peruvian New Sol
COP — Colombian Peso   PHP — Philippine Peso
EUR — Euro   PLN — Polish Zloty
GHC — Ghanaian Cedi   RON — Romanian Leu
HUF — Hungarian Forint   RUB — Russian Ruble
IDR — Indonesian Rupiah   SGD — Singapore Dollar
ILS — Israeli Shekel   SKK — Slovenska Koruna
INR — Indian Rupee   TRY — New Turkish Lira
KWD — Kuwaiti Dinar   TZS — Tanzanian Shilling
KZT — Kazak Tenge   UAH — Ukranian Hryvnia
MXN — Mexican Peso   UGX — Ugandan Shilling

Portfolio holdings by industry (as percentage of net assets):      
Industry      
Alcohol & Tobacco   6.2 %
Automotive   1.8  
Banking   13.8  
Commercial Services   1.0  
Computer Software   7.2  
Drugs   7.0  
Energy Integrated   9.5  
Financial Services   10.2  
Food & Beverages   4.0  
Insurance   3.2  
Manufacturing   3.8  
Medical Products   2.8  
Retail   2.7  
Semiconductors & Components   1.9  
Technology   3.4  
Technology Hardware   6.4  
Telecommunications   4.4  
     Subtotal   89.3  


Foreign Government Obligations   8.5  
Structured Notes   1.7  
Collateral for Securities on Loan  
13.5
 
    Total Investments  
113.0
%


Lazard Global Total Return and Income Fund, Inc.
Portfolio of Investments (concluded)
March 31, 2007 (unaudited)
Valuation of Investments—Market values for securities are generally based on the last reported sales price on the principal exchange or market on which the security is traded, generally as of the close of regular trading on the New York Stock Exchange (normally 4:00 p.m. Eastern time) on each valuation date. Any securities not listed, for which current over-the-counter market quotations or bids are readily available, are valued at the last quoted bid price or, if available, the mean of two such prices. Forward currency contracts are valued at the current cost of offsetting the contract. Securities listed on foreign exchanges are valued at the last reported sales price except as described below; securities listed on foreign exchanges that are not traded on the valuation date are valued at the last quoted bid price.

Bonds and other fixed-income securities that are not exchange-traded are valued on the basis of prices provided by pricing services which are based primarily on institutional trading in similar groups of securities, or by using brokers’ quotations.

If a significant event affecting the value of securities occurs between the close of the exchange or market on which the security is principally traded and the time when the Fund’s net asset value is calculated, or when current market quotations otherwise are determined not to be readily available or reliable, such securities will be valued at their fair values as determined in good faith by or under the supervision of the Board of Directors. Fair valuing of foreign securities may be determined with the assistance of a pricing service, using correlations between the movement of prices of such securities and indices of domestic securities and other appropriate indicators, such as closing market prices of relevant ADRs or futures contracts. The Valuation Committee of the Investment Manager may evaluate a variety of factors to determine the fair value of securities for which current market quotations are determined not to be readily available or reliable. These factors include, but are not limited to, the type of security, the value of comparable securities, observations from financial institutions and relevant news events. Input from the Investment Manager’s analysts will also be considered. The effect of using fair value pricing is that the net asset value of the Fund will reflect the affected securities’ values as determined in the judgment of the Board of Directors, or its designee, instead of being determined by the market. Using a fair value pricing methodology to price securities may result in a value that is different from the most recent closing price of a security and from the prices used by other investment companies to calculate their portfolios’ net asset values.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at www.LazardNet.com as well as on the Securities and Exchange Commission’s website at www.sec.gov.


Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant’s most recent 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 of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached as Exhibit 99.CERT.


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.

Lazard Global Total Return and Income Fund, Inc.
 
By:   /s/ Charles Carroll
    Charles Carroll
    Chief Executive Officer
 
Date:   May 29, 2007

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/ Charles Carroll
    Charles Carroll
    Chief Executive Officer
 
Date:   May 29, 2007
 
By:   /s/ Stephen St. Clair
    Stephen St. Clair
    Chief Financial Officer
 
Date:   May 29, 2007