CALAMOS GLOBAL TOTAL RETURN FUND — Director's Dealing 2005

Dec 7, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALAMOS GLOBAL TOTAL RETURN FUND (CGO)
CIK: 0001285650
Period of Report: 2005-12-05

Reporting Person: CALAMOS JOHN P SR (Director, president and chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-05	COMMON	P	1000	$13.31	Acquired	16000	Direct
2005-12-05	COMMON	P	1000	$13.32	Acquired	17000	Direct
2005-12-05	COMMON	P	1300	$13.33	Acquired	18300	Direct
2005-12-05	COMMON	P	1700	$13.35	Acquired	20000	Direct
2005-12-05	COMMON	P	1000	$13.36	Acquired	21000	Direct
2005-12-06	COMMON	P	4500	$13.3	Acquired	25500	Direct
2005-12-06	COMMON	P	3500	$13.35	Acquired	29000	Direct