SECURITIES AND EXCHANGE COMMISSION
				   Washington, D.C. 20549

				       SCHEDULE 13D

			     Under the Securities Exchange Act of 1934
				     (Amendment No. 3)*

				    Royce Global Trust, Inc.   
					(Name of Issuer)

					  Common Stock    
				  (Title of Class of Securities)

					     78080N108
					   (CUSIP Number)

			Charles M. Royce, 1414 Avenue of the Americas, 
			     New York, New York 10019, (212) 486-1445
			 (Name, Address and Telephone Number of Person
		       Authorized to Receive Notices and Communications)

			
				       February 27, 1998        
		 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to 
report the acquisition which is the subject of this Schedule 13D, and is 
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following 
box  [ ].

Note:  Six copies of this statement, including all exhibits, should be filed 
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are 
to be sent.

* The remainder of this cover page shall be filled out for a reporting 
person's initial filing on this form with respect to the subject class of 
securities, and for any subsequent amendment containing information which 
would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be 
deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that 
section of the Act but shall be subject to all other provisions of the Act 
(however, see the Notes).

			 (Continued on following page(s))

				  Page 1 of 5 Pages


   CUSIP No. 78080N108                13D            Page 2 of 5 Pages
   
1  NAME OF REPORTING PERSONS
   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
   
   Charles M. Royce
   
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)   [  ]
					      (b)  [  ]

3  SEC USE ONLY

4  SOURCE OF FUNDS*

   PF
   
5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
   TO ITEMS 2(d) OR 2(e)                          [  ]
   
6  CITIZENSHIP OR PLACE OF ORGANIZATION

   U.S.A.

NUMBER OF        7      SOLE VOTING POWER
SHARES                  725,740
BENEFICIALLY
OWNED            8      SHARED VOTING POWER
BY EACH 
REPORTING        9      SOLE DISPOSITIVE POWER
PERSON                  725,740
WITH
		10      SHARED DISPOSITIVE POWER

11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
   REPORTING PERSON
   
   725,740
   
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
   CERTAIN SHARES*                                [   ]


CUSIP No. 78080N108                 13D                  Page 3 of 5 Pages

13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

   8.62%
   
14 TYPE OF REPORTING PERSON

   *IN*  
   
			 SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 78080N108                 13D             Page 4 of 5 Pages

Item 1.  SECURITY AND ISSUER.

	 The title and class of equity securities to which this statement 
	 relates is Common Stock.

	 The name and address of the principal executive offices of the 
	 Issuer are:

		Royce Global Trust, Inc.
		1414 Avenue of the Americas
		New York, New York 10019

Item 2. IDENTITY AND BACKGROUND.

(a)     The name of the person filing this statements is Charles M. Royce.

(b)     Mr. Royce's business address is 1414 Avenue of the Americas, 
	New York, New York 10019.

(c)     Mr. Royce is President, Chief Investment Officer, Secretary, 
	Treasurer and sole director and sole voting shareholder of 
	Royce & Associates, Inc., formerly named Quest Advisory Corp., 
	a registered investment adviser whose clients include the Issuer 
	and other registered investment companies.  He is director/trustee, 
	President and Treasurer of the Issuer and such other investment 
	companies.  These companies are located at 1414 Avenue of the 
	Americas, New York, New York 10019.

	Mr. Royce is also managing general partner of Royce Management 
	Company, formerly named Quest Management Company, a registered 
	investment adviser whose address is 8 Sound Shore Drive, 
	Greenwich, Connecticut 06830.

(d)     Not applicable.

(e)     Not applicable.

(f)     Mr. Royce is a citizen of the United States.


Item 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

	This amendment is being filed as a result of Mr. Royce acquiring a 
	total of 10,000 shares of the Issuer's Common Stock in an open-market 
	transaction effected on February 27, 1998 for an aggregate purchase 
	price of $53,125, which purchase increased his beneficial holdings 
	of the Issuer's Common Stock in excess of one additional percentage 
	point since the last amendment to his Schedule 13D filed on 
	August 26, 1997.  Mr. Royce used his own personal funds to pay for 
	the shares of the Issuer's Common Stock he acquired in this 
	transaction.

Item 4. PURPOSE OF TRANSACTION.

	Mr. Royce purchased the shares of the Issuer's Common Stock as an 
	investment for his own account.


CUSIP No. 78080N108                  13D                 Page 5 of 5 Pages

Item 5.  Interest in Securities of Issuer.

(a)     Mr. Royce beneficially owned 725,740 shares or 8.62% of the Issuer's 
	outstanding Common Stock as of February 27, 1998.

(b)     Mr. Royce has sole voting and sole dispositive powers as to all of 
	the shares shown in item 5(a) above.

(c)     In the 60 days prior to the date of filing of this statement, Mr. 
	Royce effected the following purchases of the Common Stock of the 
	Issuer, which were effected in the open market and not previously 
	reported on any Schedule 13D filing:  (i) 200 shares @5.00 per 
	share on January 12, 1998 and (ii) 10,000 shares @ $5.00 per share on 
	January 20, 1998.

Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
        TO SECURITIES OF THE ISSUER.

	Not applicable.

Item 7. MATERIALS TO BE FILED AS EXHIBITS.

	Not applicable.


				    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, 
I certify that the information set forth in this statement is true, 
complete and correct.

					 March 5, 1998
					 ----------------------------
						  Date


					 S/CHARLES M. ROYCE
					 -----------------------------
					 (Signature)

					 CHARLES M. ROYCE
					 ------------------------------