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CALAMOS GLOBAL TOTAL RETURN FUND Director's Dealing 2006

Dec 15, 2006

34073_dirs_2006-12-15_1302f70d-2cb1-4718-a1a2-aa7d21ee97b0.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CALAMOS GLOBAL TOTAL RETURN FUND (CGO)
CIK: 0001285650
Period of Report: 2006-10-31

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	70693.66	Indirect
Common	100600	Indirect

Footnotes

F1: Includes 2,253.66 shares acquired between May 2006 and October 2006 under the Calamos Global Total Return Fund dividend reinvestment plan.