Global Markets & Investment Banking

                                           4 World Financial Center - 5th Floor
[GRAPHIC OMITTED]                          New York, New York 10080
[MERRILL LYNCH LOGO]
                                           212-449-6500


                                           November 19, 2004



Mr. Christian T. Sandoe 
Securities and Exchange Commission 
Division of Investment Management 
450 Fifth Street, N.W.
Washington, D.C. 20549

Re:      First Trust/Aberdeen Global Opportunity Income Fund (the "Fund")
         Form N-2 Registration Statement No. 333-119081
         Investment Company Act File No. 811-21636

Dear Mr. Sandoe:

         Pursuant to Rule 460 of the General Rules and Regulations under the
Securities Act of 1933, as amended (the "Securities Act"), we, on behalf of the
several underwriters, wish to advise you that distribution of the amended
Registration Statement, Form N-2 as filed on October 25, 2004, and Preliminary
Prospectus dated October 25, 2004, were or will be distributed during the period
of October 25, 2004 through November 23, 2004, as follows: approximately 70,000
copies of the Preliminary Prospectus and a limited number of Registration
Statements have or will be sent to underwriters, dealers and institutions.

         In accordance with Rule 461 of the General Rules and Regulations under
the Securities Act of 1933, the undersigned, on behalf of the underwriters of
the offering of common shares of beneficial interest of the Fund, hereby joins
in the request of the Fund for acceleration of the effective date of the
above-named Registration Statement so that it becomes effective at 1:30 p.m.,
Eastern Daylight Time, on November 23, 2004, or as soon as possible thereafter.


                                Very truly yours,

                                MERRILL LYNCH & CO.
                                MERRILL LYNCH, PIERCE, FENNER & SMITH
                                            INCORPORATED



                                /s/ Hugh H. Haynes
                                ---------------------------
                                Name:  Hugh H. Haynes
                                Title: Authorized Signatory