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CALAMOS GLOBAL TOTAL RETURN FUND Director's Dealing 2007

Dec 12, 2007

34073_dirs_2007-12-12_3c9e42a8-5a93-467b-9a28-6b1e3d15a9d3.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: 2007-10-31

Reporting Person: Calamos Advisors LLC (investment advisor)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	7915.3795	Direct

Footnotes

F1: Includes 528.6788 shares acquired between November 2006 and October 2007 under the Calamos Global Total Return Fund dividend reinvestment plan.