UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-22334

Western Asset Global Corporate Defined Opportunity Fund Inc.

(Exact name of registrant as specified in charter)

620 Eighth Avenue, 49^th Floor, New York, NY 10018

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

100 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: (888) 777-0102

Date of fiscal year end: October 31

Date of reporting period: April 30, 2017

ITEM 1. REPORT TO STOCKHOLDERS.

The Semi-Annual Report to Stockholders is filed herewith.

Semi-Annual Report April 30, 2017

WESTERN ASSET

GLOBAL CORPORATE DEFINED OPPORTUNITY FUND INC. (GDO)

INVESTMENT PRODUCTS: NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

What’s inside
Letter from the chairman	II
Investment commentary	III
Fund at a glance	1
Spread duration	2
Effective duration	3
Schedule of investments	4
Statement of assets and liabilities	20
Statement of operations	21
Statements of changes in net assets	22
Statement of cash flows	23
Financial highlights	24
Notes to financial statements	26
Board approval of management and subadvisory agreements	38
Additional shareholder information	44
Dividend reinvestment plan	45

Fund objectives

The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance the Fund will achieve its investment objectives.

The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of U.S. and foreign corporate fixed-income securities of varying maturities.

Letter from the chairman

Dear Shareholder,

We are pleased to provide the semi-annual report of Western Asset Global Corporate Defined Opportunity Fund Inc. for the six-month reporting period ended April 30, 2017. Please read on for Fund performance information and a detailed look at prevailing economic and market conditions during the Fund’s reporting period.

As always, we remain committed to providing you with excellent service and a full spectrum of investment choices. We also remain committed to supplementing the support you receive from your financial advisor. One way we accomplish this is through our website, www.lmcef.com. Here you can gain immediate access to market and investment information, including:

• Fund prices and performance,

• Market insights and commentaries from our portfolio managers, and

• A host of educational resources.

We look forward to helping you meet your financial goals.

Sincerely,

Jane Trust, CFA

Chairman, President and Chief Executive Officer

May 31, 2017

II Western Asset Global Corporate Defined Opportunity Fund Inc.

Investment commentary

Economic review

The pace of U.S. economic activity fluctuated during the six months ended April 30, 2017 (the “reporting period”). Looking back, the U.S. Department of Commerce reported that third quarter 2016 U.S. gross domestic product (“GDP”)ⁱ growth was 3.5%, the strongest reading in two years. Fourth quarter 2016 GDP growth then moderated to 2.1%. Finally, the U.S. Department of Commerce’s second reading for first quarter 2017 GDP growth — released after the reporting period ended — was 1.2%. The deceleration in growth reflected downturns in private inventory investment and personal consumption expenditures.

Job growth in the U.S. was solid overall and a tailwind for the economy during the reporting period. When the reporting period ended on April 30, 2017, the unemployment rate was 4.4%, as reported by the U.S. Department of Labor. This was the lowest unemployment rate since May 2007. The percentage of longer-term unemployed also declined over the period. In April 2017, 22.6% of Americans looking for a job had been out of work for more than six months, versus 24.8% when the period began.

Turning to the global economy, in its April 2017 World Economic Outlook Update, the International Monetary Fund (“IMF”)ⁱⁱ said, “Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade….Stronger activity and expectations of more robust global demand, coupled with agreed restrictions on oil supply, have helped commodity prices recover from their troughs in early 2016….If confidence and market sentiment remain strong, short-term growth could indeed surprise on the upside. But these positive developments should not distract from binding structural impediments to a stronger recovery and a balance of risks that remains tilted to the downside, especially over the medium term.” From a regional perspective, the IMF estimates 2017 growth in the Eurozone will be 1.7%, the same as in 2016. Japan’s economy is expected to expand 1.2% in 2017, compared to 1.0% in 2016. Elsewhere, the IMF projects that overall growth in emerging market countries will accelerate to 4.5% in 2017, versus 4.1% in 2016.

Western Asset Global Corporate Defined Opportunity Fund Inc. III

Investment commentary (cont’d)

Market review

Q. How did the Federal Reserve Board (the “Fed”)ⁱⁱⁱ respond to the economic environment?

A. Looking back, after an extended period of maintaining the federal funds rate^iv at a historically low range between zero and 0.25%, the Fed increased the rate at its meeting on December 16, 2015. This marked the first rate hike since 2006. In particular, the U.S. central bank raised the federal funds rate to a range between 0.25% and 0.50%. The Fed then kept rates on hold at each meeting prior to its meeting in mid-December 2016. On December 14, 2016, the Fed raised rates to a range between 0.50% and 0.75%.

After holding rates steady at its meeting that concluded on February 1, 2017, the Fed raised rates to a range between 0.75% and 1.00% at its meeting that concluded on March 15, 2017. At that time the Fed said, “The Committee expects that economic conditions will evolve in a manner that will warrant gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.” Finally, at its meeting that concluded on May 3, 2017 — after the reporting period ended — the Fed kept rates on hold.

Q. What actions did international central banks take during the reporting period?

A. Given the economic challenges in the Eurozone, the European Central Bank (“ECB”)^v took a number of actions to stimulate growth and ward off deflation. In December 2015, before the reporting period began, the ECB extended its €60 billion-per-month bond buying program until at least March 2017. In March 2016, the ECB announced that it would increase its bond purchasing program to €80 billion-per-month. It also lowered its deposit rate to -0.4% and its main interest rate to 0%. Finally, in December 2016 — the ECB again extended its bond buying program until December 2017. From April 2017 through December 2017, the ECB will purchase €60 billion-per-month of bonds. Looking at other developed countries, in the aftermath of the June 2016 U.K. referendum to leave the European Union (“Brexit”), the Bank of England^vi lowered rates in October 2016 from 0.50% to 0.25% — an all-time low. After holding rates steady at 0.10% for more than five years, in January 2016, the Bank of Japan^vii announced that it lowered the rate on current accounts that commercial banks hold with it to -0.10% and kept rates on hold during the reporting period. Elsewhere, the People’s Bank of China^viii kept rates steady at 4.35%.

Q. Did Treasury yields trend higher or lower during the reporting period?

A. Treasury yields moved sharply higher after the November 2016 U.S. presidential elections given expectations for improving growth and higher inflation. While they subsequently fell from their peak in mid-March 2017, all told short- and long-term Treasury yields moved higher overall during the six months ended April 30, 2017. Two-year Treasury yields began the reporting period at 0.86% and ended the period at 1.28%. Their low for the period of 0.80% occurred on November 4, 2016, and their peak of 1.40% took place on March 13 and March 14, 2017. Ten-year Treasury yields began the reporting period at 1.84% and ended the period at 2.29%. Their low of 1.79% occurred on November 4, 2016,

IV Western Asset Global Corporate Defined Opportunity Fund Inc.

and their peak of 2.62% occurred on March 13, 2017.

Q. What factors impacted the spread sectors (non-Treasuries) during the reporting period?

A. The spread sectors posted mixed results during the reporting period. Performance fluctuated with investor sentiment given signs of generally modest global growth, questions regarding future Fed monetary policy, the aforementioned U.S. elections and several geopolitical issues. The broad U.S. bond market, as measured by the Bloomberg Barclays U.S. Aggregate Index^ix, returned -0.67% during the six months ended April 30, 2017. Within the U.S. bond market, lower rated corporate bonds generated the best returns during the reporting period.

Q. How did the high-yield bond market perform over the reporting period?

A. The U.S. high-yield bond market, as measured by the Bloomberg Barclays U.S. Corporate High Yield — 2% Issuer Cap Index^x, gained 5.30% for the six months ended April 30, 2017. The high-yield market began the reporting period on a weak note, as it modestly declined in November 2016 amid sharply rising interest rates. However, high-yield bonds then rallied sharply over the next three months given robust demand from investors looking to generate incremental yield in the low interest rate environment. After moving slightly lower in in March 2017 given falling oil prices and overall weak demand, the high-yield market again rallied in April 2017.

Q. How did the emerging market debt asset class perform over the reporting period?

A. The JPMorgan Emerging Markets Bond Index Global (“EMBI Global”)^xi returned 2.65% during the six months ended April 30, 2017. The asset class fell sharply in November 2016, as demand was weak against a backdrop of rising interest rates in the U.S. and a sharp rally by the U.S. dollar. However, the asset class then rallied over the last five months of the period. This turnaround was triggered by improving investor demand, less concern over a significant shift in U.S. trade policy and a weakening U.S. dollar.

Performance review

For the six months ended April 30, 2017, Western Asset Global Corporate Defined Opportunity Fund Inc. returned 4.09% based on its net asset value (“NAV”)^xii and 6.45% based on its New York Stock Exchange (“NYSE”) market price per share. The Fund’s unmanaged benchmark, the Bloomberg Barclays Global Aggregate Corporate Index^xiii, returned 0.55% for the same period. The Lipper Global Income Closed-End Funds Category Average^xiv returned 5.65% over the same time frame. Please note that Lipper performance returns are based on each fund’s NAV.

During this six-month period, the Fund made distributions to shareholders totaling $0.68 per share. As of April 30, 2017, the Fund estimates that all of the distributions were sourced from net investment income.*

* These estimates are not for tax purposes. The Fund will issue a Form 1099 with final composition of the distributions for tax purposes after year-end. A return of capital is not taxable and results in a reduction in the tax basis of a shareholder’s investment. For more information about a distribution’s composition, please refer to the Fund’s distribution press release or, if applicable, the Section 19 notice located in the press release section of our website, www.lmcef.com (click on the name of the Fund).

Western Asset Global Corporate Defined Opportunity Fund Inc. V

Investment commentary (cont’d)

The performance table shows the Fund’s six-month total return based on its NAV and market price as of April 30, 2017. Past performance is no guarantee of future results.

Performance Snapshot as of April 30, 2017 (unaudited)
Price Per Share	6-Month Total Return**
$19.01 (NAV)		4.09	%†
$17.80 (Market Price)		6.45	%‡

All figures represent past performance and are not a guarantee of future results. Performance figures for periods shorter than one year represent cumulative figures and are not annualized.

** Total returns are based on changes in NAV or market price, respectively. Returns reflect the deduction of all Fund expenses, including management fees, operating expenses, and other Fund expenses. Returns do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares.

† Total return assumes the reinvestment of all distributions, including returns of capital, if any, at NAV.

‡ Total return assumes the reinvestment of all distributions, including returns of capital, if any, in additional shares in accordance with the Fund’s Dividend Reinvestment Plan.

Looking for additional information?

The Fund is traded under the symbol “GDO” and its closing market price is available in most newspapers under the NYSE listings. The daily NAV is available on-line under the symbol “XGDOX” on most financial websites. Barron’s and the Wall Street Journal’s Monday edition both carry closed-end fund tables that provide additional information. In addition, the Fund issues a quarterly press release that can be found on most major financial websites as well as www.lmcef.com (click on the name of the Fund).

In a continuing effort to provide information concerning the Fund, shareholders may call 1-888-777-0102 (toll free), Monday through Friday from 8:00 a.m. to 5:30 p.m. Eastern Time, for the Fund’s current NAV, market price and other information.

Thank you for your investment in Western Asset Global Corporate Defined Opportunity Fund Inc. As always, we appreciate that you have chosen us to manage your assets and we remain focused on achieving the Fund’s investment goals.

Sincerely,

Jane Trust, CFA

Chairman, President and Chief Executive Officer

May 31, 2017

RISKS: The Fund is a non-diversified, closed-end management investment company designed primarily as a long-term investment and not as a trading vehicle. The Fund is not intended to be a complete investment program and, due to the uncertainty inherent in all investments, there can be no assurance that the Fund will achieve its investment objective. The Fund’s common stock is traded on the New York Stock Exchange. Similar to stocks, the Fund’s share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value.

VI Western Asset Global Corporate Defined Opportunity Fund Inc.

Because the Fund is non-diversified, it may be more susceptible to economic, political or regulatory events than a diversified fund. Fixed-income securities are subject to credit risk, inflation risk, call risk and interest rate risk. As interest rates rise, bond prices fall, reducing the value of the Fund’s holdings. The Fund may invest in lower-rated high-yield bonds, known as “junk bonds,” which are subject to greater credit risk (risk of default) than higher-rated obligations. Investments in foreign securities involve risks, including the possibility of losses due to changes in currency exchange rates and negative developments in the political, economic or regulatory structure of specific countries or regions. These risks are magnified in emerging markets. The Fund may make significant investments in derivative instruments. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. Leverage may result in greater volatility of NAV and the market price of common shares and increases a shareholder’s risk of loss.

All investments are subject to risk including the possible loss of principal. Past performance is no guarantee of future results. All index performance reflects no deduction for fees, expenses or taxes. Please note that an investor cannot invest directly in an index.

The information provided is not intended to be a forecast of future events, a guarantee of future results or investment advice. Views expressed may differ from those of the firm as a whole. Forecasts and predictions are inherently limited and should not be relied upon as an indication of actual or future performance.

Western Asset Global Corporate Defined Opportunity Fund Inc. VII

Investment commentary (cont’d)

ⁱ  Gross domestic product (“GDP”) is the market value of all final goods and services produced within a country in a given period of time.

ⁱⁱ  The International Monetary Fund (“IMF”) is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

ⁱⁱⁱ  The Federal Reserve Board (the “Fed”) is responsible for the formulation of U.S. policies designed to promote economic growth, full employment, stable prices and a sustainable pattern of international trade and payments.

^iv  The federal funds rate is the rate charged by one depository institution on an overnight sale of immediately available funds (balances at the Federal Reserve) to another depository institution; the rate may vary from depository institution to depository institution and from day to day.

^v  The European Central Bank (“ECB”) is responsible for the monetary system of the European Union and the euro currency.

^vi  The Bank of England (“BoE”), formally the Governor and Company of the BoE, is the central bank of the United Kingdom. The BoE’s purpose is to maintain monetary and financial stability.

^vii  The Bank of Japan is the central bank of Japan. The bank is responsible for issuing and handling currency and treasury securities, implementing monetary policy, maintaining the stability of the Japanese financial system and the yen currency.

^viii  The People’s Bank of China is the central bank of the People’s Republic of China with the power to carry out monetary policy and regulate financial institutions in mainland China.

^ix  The Bloomberg Barclays U.S. Aggregate Index is a broad-based bond index comprised of government, corporate, mortgage- and asset-backed issues, rated investment grade or higher, and having at least one year to maturity.

^x  The Bloomberg Barclays U.S. Corporate High Yield — 2% Issuer Cap Index is an index of the 2% Issuer Cap component of the Bloomberg Barclays U.S. Corporate High Yield Index, which covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market.

^xi  The JPMorgan Emerging Markets Bond Index Global (“EMBI Global”) tracks total returns for U.S. dollar-denominated debt instruments issued by emerging market sovereign and quasi-sovereign entities: Brady bonds, loans, Eurobonds and local market instruments.

^xii  Net asset value (“NAV”) is calculated by subtracting total liabilities, including liabilities associated with financial leverage (if any) from the closing value of all securities held by the Fund (plus all other assets) and dividing the result (total net assets) by the total number of the common shares outstanding. The NAV fluctuates with changes in the market prices of securities in which the Fund has invested. However, the price at which an investor may buy or sell shares of the Fund is the Fund’s market price as determined by supply of and demand for the Fund’s shares.

^xiii  The Bloomberg Barclays Global Aggregate Corporate Index is the corporate component of the Bloomberg Barclays Global Aggregate Index, which is comprised of several other Bloomberg Barclays indices that measure fixed-income performance of regions around the world.

^xiv  Lipper, Inc., a wholly-owned subsidiary of Reuters, provides independent insight on global collective investments. Returns are based on the six-month period ended April 30, 2017, including the reinvestment of all distributions, including returns of capital, if any, calculated among the 13 funds in the Fund’s Lipper category.

VIII Western Asset Global Corporate Defined Opportunity Fund Inc.

Fund at a glance^†(unaudited)

Investment breakdown (%) as a percent of total investments

† The bar graph above represents the composition of the Fund’s investments as of April 30, 2017 and October 31, 2016 and does not include derivatives, such as forward foreign currency contracts. The Fund is actively managed. As a result, the composition of the Fund’s investments is subject to change at any time.

‡ Represents less than 0.1%.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 1

Spread duration (unaudited)

Economic exposure — April 30, 2017

Total Spread Duration
GDO	— 4.95 years
Benchmark	— 6.61 years

Spread duration measures the sensitivity to changes in spreads. The spread over Treasuries is the annual risk-premium demanded by investors to hold non-Treasury securities. Spread duration is quantified as the % change in price resulting from a 100 basis points change in spreads. For a security with positive spread duration, an increase in spreads would result in a price decline and a decline in spreads would result in a price increase. This chart highlights the market sector exposure of the Fund’s sectors relative to the selected benchmark sectors as of the end of the reporting period.

ABS	— Asset-Backed Securities
Benchmark	— Bloomberg Barclays Global Aggregate Corporate Index
EM	— Emerging Markets
GDO	— Western Asset Global Corporate Defined Opportunity Fund Inc.
HY	— High Yield
IG Credit	— Investment Grade Credit
MBS	— Mortgage-Backed Securities

2 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Effective duration (unaudited)

Interest rate exposure — April 30, 2017

Total Effective Duration
GDO	— 5.05 years
Benchmark	— 6.66 years

Effective duration measures the sensitivity to changes in relevant interest rates. Effective duration is quantified as the % change in price resulting from a 100 basis points change in interest rates. For a security with positive effective duration, an increase in interest rates would result in a price decline and a decline in interest rates would result in a price increase. This chart highlights the interest rate exposure of the Fund’s sectors relative to the selected benchmark sectors as of the end of the reporting period.

ABS	— Asset-Backed Securities
Benchmark	— Bloomberg Barclays Global Aggregate Corporate Index
EM	— Emerging Markets
GDO	— Western Asset Global Corporate Defined Opportunity Fund Inc.
HY	— High Yield
IG Credit	— Investment Grade Credit
MBS	— Mortgage-Backed Securities

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 3

Schedule of investments (unaudited)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Corporate Bonds & Notes — 120.8%
Consumer Discretionary — 19.1%
Auto Components — 1.5%
Adient Global Holdings Ltd., Senior Notes		4.875	%		8/15/26		1,950,000		$	1,964,625	(a)
IHO Verwaltungs GmbH, Senior Secured Bonds		4.750	%		9/15/26		950,000			942,875	(a)(b)
ZF North America Capital Inc., Senior Notes		4.750	%		4/29/25		1,200,000			1,252,584	(a)
Total Auto Components										4,160,084
Automobiles — 1.3%
Ford Motor Credit Co., LLC, Senior Notes		2.375	%		1/16/18		1,300,000			1,305,858
General Motors Co., Senior Notes		4.875	%		10/2/23		1,500,000			1,601,433
General Motors Co., Senior Notes		6.600	%		4/1/36		720,000			832,300
Total Automobiles										3,739,591
Diversified Consumer Services — 0.1%
Co-operative Group Holdings 2011 Ltd., Senior Notes		6.875	%		7/8/20		100,000	GBP		147,329	(c)
Hotels, Restaurants & Leisure — 5.5%
Aramark Services Inc., Senior Notes		5.000	%		4/1/25		460,000			481,850	(a)
Arcos Dorados Holdings Inc., Senior Notes		6.625	%		9/27/23		252,000			271,558	(a)
Brinker International Inc., Senior Notes		5.000	%		10/1/24		4,140,000			4,108,950	(a)
CEC Entertainment Inc., Senior Notes		8.000	%		2/15/22		700,000			734,461
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., Senior Notes		4.625	%		4/1/25		1,250,000			1,287,500	(a)
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., Senior Notes		4.875	%		4/1/27		590,000			606,225	(a)
Marstons Issuer PLC, Secured Bonds		5.641	%		7/15/35		1,768,000	GBP		2,085,920	(c)(d)
MGM Resorts International, Senior Notes		11.375	%		3/1/18		1,000,000			1,083,750
Mitchells & Butlers Finance PLC, Secured Notes		5.965	%		12/15/23		308,406	GBP		449,415	(c)
NCL Corp. Ltd., Senior Notes		4.750	%		12/15/21		500,000			513,750	(a)
Scientific Games International Inc., Senior Secured Notes		7.000	%		1/1/22		600,000			643,872	(a)
Silversea Cruise Finance Ltd., Senior Secured Notes		7.250	%		2/1/25		623,000			663,495	(a)
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp., Senior Secured Notes		5.875	%		5/15/25		740,000			742,775	(a)
Viking Cruises Ltd., Senior Notes		8.500	%		10/15/22		620,000			650,225	(a)
Whitbread Group PLC, Senior Bonds		3.375	%		10/16/25		920,000	GBP		1,276,622	(c)
Total Hotels, Restaurants & Leisure										15,600,368
Media — 9.5%
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		4.908	%		7/23/25		2,330,000			2,501,304
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.384	%		10/23/35		720,000			827,474

See Notes to Financial Statements.

4 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Media — continued
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., Senior Secured Notes		6.484	%		10/23/45		3,660,000		$	4,313,240
Comcast Corp., Senior Notes		5.700	%		7/1/19		1,800,000			1,948,316
DISH DBS Corp., Senior Notes		5.875	%		7/15/22		420,000			445,952
DISH DBS Corp., Senior Notes		5.875	%		11/15/24		320,000			337,200
Grupo Televisa SAB, Senior Bonds		6.625	%		1/15/40		1,730,000			1,953,119
iHeartCommunications Inc., Senior Notes		14.000	%		2/1/21		980,214			289,163	(b)
SFR Group SA, Senior Secured Bonds		6.250	%		5/15/24		1,210,000			1,256,888	(a)
SFR Group SA, Senior Secured Notes		7.375	%		5/1/26		2,610,000			2,753,550	(a)
Time Warner Cable LLC, Senior Notes		8.750	%		2/14/19		1,500,000			1,669,550
UBM PLC, Notes		5.750	%		11/3/20		1,500,000			1,581,618	(a)
UPC Holding BV, Junior Secured Subordinated Notes		6.375	%		9/15/22		910,000	EUR		1,043,279	(a)
Viacom Inc., Senior Notes		3.450	%		10/4/26		1,000,000			962,604
Viacom Inc., Senior Notes		4.375	%		3/15/43		1,800,000			1,607,299
Virgin Media Finance PLC, Senior Notes		6.000	%		10/15/24		1,000,000			1,051,250	(a)
Virgin Media Finance PLC, Senior Notes		5.750	%		1/15/25		1,500,000			1,535,625	(a)
Ziggo Secured Finance BV, Senior Secured Notes		5.500	%		1/15/27		990,000			1,017,255	(a)
Total Media										27,094,686
Multiline Retail — 0.2%
Dollar Tree Inc., Senior Notes		5.750	%		3/1/23		500,000			533,000
Specialty Retail — 0.8%
GameStop Corp., Senior Notes		6.750	%		3/15/21		760,000			780,900	(a)
PetSmart Inc., Senior Notes		7.125	%		3/15/23		1,020,000			934,575	(a)
ServiceMaster Co., LLC, Senior Notes		5.125	%		11/15/24		710,000			734,850	(a)
Total Specialty Retail										2,450,325
Textiles, Apparel & Luxury Goods — 0.2%
Hanesbrands Inc., Senior Notes		4.875	%		5/15/26		480,000			480,000	(a)
Total Consumer Discretionary										54,205,383
Consumer Staples — 5.2%
Beverages — 1.3%
Anheuser-Busch InBev Finance Inc., Senior Notes		4.700	%		2/1/36		940,000			1,011,527
Anheuser-Busch InBev Finance Inc., Senior Notes		4.900	%		2/1/46		1,740,000			1,908,397
Carolina Beverage Group LLC/Carolina Beverage Group Finance Inc., Secured Notes		10.625	%		8/1/18		830,000			784,350	(a)
Total Beverages										3,704,274
Food & Staples Retailing — 0.6%
Tesco PLC, Senior Notes		6.125	%		2/24/22		1,200,000	GBP		1,795,553

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 5

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Food Products — 1.3%
Boparan Finance PLC, Senior Secured Notes		5.500	%		7/15/21		650,000	GBP	$	846,089	(c)
Kraft Heinz Foods Co., Senior Notes		3.000	%		6/1/26		740,000			706,446
Kraft Heinz Foods Co., Senior Notes		5.200	%		7/15/45		700,000			742,709
Lamb Weston Holdings Inc., Senior Notes		4.625	%		11/1/24		930,000			962,550	(a)
Lamb Weston Holdings Inc., Senior Notes		4.875	%		11/1/26		540,000			558,225	(a)
Total Food Products										3,816,019
Household Products — 0.2%
Central Garden & Pet Co., Senior Notes		6.125	%		11/15/23		420,000			450,450
Tobacco — 1.8%
BAT International Finance PLC, Senior Notes		4.875	%		2/24/21		1,450,000	EUR		1,848,090
Reynolds American Inc., Senior Notes		8.125	%		6/23/19		2,305,000			2,588,437
Reynolds American Inc., Senior Notes		5.850	%		8/15/45		540,000			640,431
Total Tobacco										5,076,958
Total Consumer Staples										14,843,254
Energy — 18.1%
Energy Equipment & Services — 0.3%
Ensco PLC, Senior Notes		4.700	%		3/15/21		160,000			161,200
Pride International Inc., Senior Notes		7.875	%		8/15/40		670,000			616,400
Total Energy Equipment & Services										777,600
Oil, Gas & Consumable Fuels — 17.8%
Anadarko Petroleum Corp., Senior Notes		6.450	%		9/15/36		1,370,000			1,628,337
BP Capital Markets PLC, Senior Notes		3.723	%		11/28/28		690,000			710,698
Calumet Specialty Products Partners LP/Calumet Finance Corp., Senior Secured Notes		11.500	%		1/15/21		870,000			1,013,550	(a)
Chesapeake Energy Corp., Senior Notes		6.875	%		11/15/20		470,000			474,700
Chesapeake Energy Corp., Senior Notes		5.375	%		6/15/21		560,000			532,000
Continental Resources Inc., Senior Notes		4.500	%		4/15/23		1,500,000			1,485,000
Continental Resources Inc., Senior Notes		3.800	%		6/1/24		200,000			189,000
Covey Park Energy LLC/Covey Park Finance Corp., Senior Notes		7.500	%		5/15/25		560,000			560,000	(a)
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		786,040			822,236	(c)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		1,650,000			1,839,255
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		3,000,000			2,768,100
Enterprise Products Operating LLC, Senior Notes		6.500	%		1/31/19		1,290,000			1,389,120
Enterprise Products Operating LLC, Senior Notes		4.050	%		2/15/22		1,520,000			1,608,604
Exterran Energy Solutions LP/EES Finance Corp., Senior Notes		8.125	%		5/1/25		540,000			558,563	(a)
KazMunayGas National Co. JSC, Senior Notes		4.750	%		4/19/27		2,130,000			2,119,731	(a)
LUKOIL International Finance BV, Bonds		6.356	%		6/7/17		310,000			311,621	(c)
LUKOIL International Finance BV, Bonds		6.656	%		6/7/22		1,110,000			1,251,525	(c)

See Notes to Financial Statements.

6 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†		Value
Oil, Gas & Consumable Fuels — continued
MEG Energy Corp., Senior Notes		6.375	%		1/30/23		1,160,000	$	1,026,600	(a)
MEG Energy Corp., Senior Notes		7.000	%		3/31/24		180,000		161,550	(a)
Murphy Oil USA Inc., Senior Notes		5.625	%		5/1/27		190,000		195,225
NGL Energy Partners LP/NGL Energy Finance Corp., Senior Notes		7.500	%		11/1/23		630,000		633,150	(a)
NGPL PipeCo LLC, Senior Secured Notes		7.768	%		12/15/37		800,000		924,000	(a)
Oasis Petroleum Inc., Senior Notes		7.250	%		2/1/19		640,000		641,600
Oasis Petroleum Inc., Senior Notes		6.500	%		11/1/21		910,000		923,650
Oasis Petroleum Inc., Senior Notes		6.875	%		1/15/23		150,000		152,250
Occidental Petroleum Corp., Senior Notes		4.625	%		6/15/45		700,000		738,216
Petrobras Global Finance BV, Senior Notes		6.250	%		3/17/24		380,000		394,060
Petrobras Global Finance BV, Senior Notes		6.750	%		1/27/41		920,000		871,700
Petroleos Mexicanos, Senior Bonds		6.625	%		6/15/35		910,000		950,950
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		930,000		990,546	(c)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		410,000		436,692	(a)
Ras Laffan Liquefied Natural Gas Co., Ltd. III, Senior Secured Bonds		6.750	%		9/30/19		2,280,000		2,539,037	(c)
Reliance Holdings USA Inc., Senior Notes		5.400	%		2/14/22		1,000,000		1,095,761	(a)
Rockies Express Pipeline LLC, Senior Notes		7.500	%		7/15/38		330,000		366,300	(a)
Rosneft Finance SA, Senior Notes		7.875	%		3/13/18		2,830,000		2,967,170	(a)
Sabine Pass Liquefaction LLC, Senior Secured Notes		5.750	%		5/15/24		540,000		597,760
Sabine Pass Liquefaction LLC, Senior Secured Notes		5.000	%		3/15/27		3,190,000		3,373,368	(a)
Shelf Drilling Holdings Ltd., Secured Notes		9.500	%		11/2/20		110,000		110,000	(a)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.125	%		2/1/25		590,000		611,388	(a)
Targa Resources Partners LP/Targa Resources Partners Finance Corp., Senior Notes		5.375	%		2/1/27		620,000		651,000	(a)
Tesoro Logistics LP/Tesoro Logistics Finance Corp., Senior Notes		6.125	%		10/15/21		1,120,000		1,171,800
Tesoro Logistics LP/Tesoro Logistics Finance Corp., Senior Notes		6.375	%		5/1/24		340,000		373,150
Transcontinental Gas Pipe Line Co., LLC, Senior Notes		7.850	%		2/1/26		1,000,000		1,297,709
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		2,250,000		2,303,437	(a)
Whiting Petroleum Corp., Senior Notes		5.000	%		3/15/19		790,000		801,850
Whiting Petroleum Corp., Senior Notes		6.250	%		4/1/23		390,000		391,950
Williams Cos. Inc., Debentures		7.500	%		1/15/31		340,000		403,750
Williams Cos. Inc., Senior Notes		3.700	%		1/15/23		430,000		425,700
Williams Cos. Inc., Senior Notes		4.550	%		6/24/24		540,000		555,525
Williams Cos. Inc., Senior Notes		5.750	%		6/24/44		450,000		468,000
Williams Partners LP, Senior Notes		5.250	%		3/15/20		610,000		656,851
WPX Energy Inc., Senior Notes		7.500	%		8/1/20		260,000		276,900

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 7

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Oil, Gas & Consumable Fuels — continued
WPX Energy Inc., Senior Notes		6.000	%		1/15/22		360,000		$	367,200
WPX Energy Inc., Senior Notes		8.250	%		8/1/23		400,000			448,000
Total Oil, Gas & Consumable Fuels										50,555,835
Total Energy										51,333,435
Financials — 32.6%
Banks — 22.0%
Australia & New Zealand Banking Group Ltd., Subordinated Notes		5.125	%		9/10/19		1,250,000	EUR		1,524,735	(c)
Banco del Estado de Chile, Senior Notes		4.125	%		10/7/20		1,540,000			1,631,267	(a)
Bank of America Corp., Junior Subordinated Notes		6.500	%		10/23/24		170,000			189,125	(d)(e)
Bank of America Corp., Senior Notes		7.750	%		4/30/18		800,000	GBP		1,107,704
Bank of America Corp., Subordinated Notes		4.250	%		10/22/26		500,000			510,781
Barclays Bank PLC, Subordinated Notes		7.625	%		11/21/22		4,180,000			4,584,937
Barclays PLC, Junior Subordinated Bonds		8.250	%		12/15/18		240,000			255,928	(d)(e)
BNP Paribas Fortis SA, Senior Subordinated Notes		5.757	%		10/4/17		1,200,000	EUR		1,339,010
BNP Paribas SA, Junior Subordinated Notes		7.375	%		8/19/25		1,620,000			1,725,300	(a)(d)(e)
CIT Group Inc., Senior Notes		5.000	%		8/15/22		110,000			118,613
CIT Group Inc., Senior Notes		5.000	%		8/1/23		370,000			398,675
Citigroup Inc., Senior Notes		7.375	%		9/4/19		1,300,000	EUR		1,658,346
Citigroup Inc., Subordinated Notes		4.450	%		9/29/27		500,000			512,622
Citigroup Inc., Subordinated Notes		4.125	%		7/25/28		1,000,000			1,001,658
Commonwealth Bank of Australia, Subordinated Notes		5.500	%		8/6/19		1,200,000	EUR		1,467,484
Cooperatieve Rabobank U.A., Junior Subordinated Notes		11.000	%		6/30/19		1,997,000			2,338,986	(a)(d)(e)
Cooperatieve Rabobank U.A., Subordinated Notes		4.625	%		12/1/23		500,000			533,481
Credit Agricole SA, Junior Subordinated Notes		8.375	%		10/13/19		2,530,000			2,832,031	(a)(d)(e)
Credit Agricole SA, Junior Subordinated Notes		7.875	%		10/26/19		400,000	EUR		508,320	(c)(d)(e)
Credit Agricole SA, Junior Subordinated Notes		8.125	%		12/23/25		560,000			619,464	(a)(d)(e)
Credit Agricole SA, Subordinated Bonds		8.125	%		9/19/33		900,000			967,058	(a)(d)
Credit Agricole SA, Subordinated Notes		4.375	%		3/17/25		530,000			540,116	(a)
HSBC Holdings PLC, Junior Subordinated Bonds		6.375	%		3/30/25		2,070,000			2,168,325	(d)(e)
ING Bank NV, Subordinated Notes		6.875	%		5/29/23		2,850,000	GBP		3,899,947	(d)
Intesa Sanpaolo SpA, Junior Subordinated Notes		8.375	%		10/14/19		450,000	EUR		558,483	(c)(d)(e)
Intesa Sanpaolo SpA, Subordinated Notes		5.710	%		1/15/26		600,000			591,934	(a)
JPMorgan Chase & Co., Junior Subordinated Bonds		6.000	%		8/1/23		7,870,000			8,352,037	(d)(e)
JPMorgan Chase & Co., Junior Subordinated Notes		6.100	%		10/1/24		250,000			268,438	(d)(e)
Lloyds Banking Group PLC, Senior Notes		3.100	%		7/6/21		680,000			691,460
Lloyds Banking Group PLC, Subordinated Notes		4.650	%		3/24/26		550,000			572,157
National Australia Bank Ltd., Subordinated Notes		6.750	%		6/26/23		2,750,000	EUR		3,218,676	(d)

See Notes to Financial Statements.

8 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Banks — continued
National Capital Trust I, Junior Subordinated Bond		5.620	%		12/17/18		266,000	GBP	$	363,670	(c)(d)(e)
Royal Bank of Scotland Group PLC, Junior Subordinated Notes		8.625	%		8/15/21		510,000			551,820	(d)(e)
Santander UK Group Holdings PLC, Junior Subordinated Bonds		7.375	%		6/24/22		650,000	GBP		898,466	(c)(d)(e)
Santander UK PLC, Subordinated Notes		5.000	%		11/7/23		1,120,000			1,180,427	(a)
Societe Generale SA, Junior Subordinated Notes		9.375	%		9/4/19		1,550,000	EUR		2,002,460	(c)(d)(e)
Standard Chartered Bank, Subordinated Notes		5.875	%		9/26/17		1,250,000	EUR		1,394,923	(c)
Standard Chartered Bank, Subordinated Notes		7.750	%		4/3/18		1,000,000	GBP		1,374,614	(c)
Wachovia Capital Trust III, Junior Subordinated Bonds		5.570	%		5/30/17		3,660,000			3,678,300	(d)(e)
Wells Fargo & Co., Junior Subordinated Bonds		5.900	%		6/15/24		2,910,000			3,095,512	(d)(e)
Wells Fargo & Co., Junior Subordinated Bonds		5.875	%		6/15/25		110,000			119,488	(d)(e)
Wells Fargo & Co., Subordinated Notes		4.300	%		7/22/27		500,000			524,950
Wells Fargo & Co., Subordinated Notes		4.650	%		11/4/44		700,000			708,730
Total Banks										62,580,458
Capital Markets — 3.7%
Credit Suisse Group Funding Guernsey Ltd., Senior Notes		4.875	%		5/15/45		470,000			493,114
Goldman Sachs Capital II, Junior Subordinated Bonds		4.000	%		5/30/17		59,000			50,297	(d)(e)
Goldman Sachs Group Inc., Senior Notes		3.500	%		11/16/26		500,000			494,819
Goldman Sachs Group Inc., Subordinated Notes		4.750	%		10/12/21		2,700,000	EUR		3,460,694
Goldman Sachs Group Inc., Subordinated Notes		5.500	%		10/12/21		600,000	GBP		901,623
Goldman Sachs Group Inc., Subordinated Notes		5.150	%		5/22/45		1,480,000			1,569,459
UBS Group Funding Switzerland AG, Senior Notes		4.253	%		3/23/28		3,330,000			3,437,626	(a)
Total Capital Markets										10,407,632
Consumer Finance — 0.6%
FirstCash Inc., Senior Notes		6.750	%		4/1/21		570,000			598,500
Navient Corp., Medium-Term Notes, Senior Notes		8.000	%		3/25/20		930,000			1,023,000
Total Consumer Finance										1,621,500
Diversified Financial Services — 3.1%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Bonds		4.250	%		7/1/20		430,000			450,071
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Senior Bonds		4.625	%		7/1/22		380,000			404,957
CPUK Finance Ltd., Senior Secured Notes		7.239	%		2/28/24		1,250,000	GBP		2,128,019	(c)
GE Capital International Funding Co., Unlimited Co., Senior Notes		3.373	%		11/15/25		1,000,000			1,039,288
International Lease Finance Corp., Senior Notes		6.250	%		5/15/19		1,260,000			1,358,754
International Lease Finance Corp., Senior Notes		5.875	%		8/15/22		330,000			371,767
Nationwide Building Society, Junior Subordinated Notes		6.875	%		6/20/19		580,000	GBP		780,332	(c)(d)(e)
Park Aerospace Holdings Ltd., Senior Notes		5.250	%		8/15/22		810,000			858,600	(a)

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 9

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Diversified Financial Services — continued
Park Aerospace Holdings Ltd., Senior Notes		5.500	%		2/15/24		1,470,000		$	1,558,200	(a)
Total Diversified Financial Services										8,949,988
Insurance — 3.2%
AXA SA, Junior Subordinated Notes		6.463	%		12/14/18		2,000,000			2,022,500	(a)(d)(e)
BUPA Finance PLC, Subordinated Bonds		5.000	%		4/25/23		910,000	GBP		1,319,118	(c)
Farmers Insurance Exchange, Subordinated Notes		8.625	%		5/1/24		1,295,000			1,649,304	(a)
Galaxy Bidco Ltd., Senior Secured Notes		6.375	%		11/15/20		370,000	GBP		494,799	(c)
MetLife Capital Trust IV, Junior Subordinated Notes		7.875	%		12/15/37		300,000			384,150	(a)
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe), Junior Subordinated Bonds		5.767	%		6/12/17		500,000	EUR		548,151	(c)(d)(e)
Scottish Widows PLC, Subordinated Notes		5.500	%		6/16/23		910,000	GBP		1,314,707	(c)
Travelers Cos. Inc., Senior Notes		5.350	%		11/1/40		1,150,000			1,407,538
Total Insurance										9,140,267
Total Financials										92,699,845
Health Care — 5.6%
Biotechnology — 0.5%
AbbVie Inc., Senior Subordinated Notes		3.600	%		5/14/25		960,000			969,805
Celgene Corp., Senior Notes		5.000	%		8/15/45		510,000			546,426
Total Biotechnology										1,516,231
Health Care Providers & Services — 3.9%
Centene Corp., Senior Notes		5.625	%		2/15/21		480,000			505,800
Centene Corp., Senior Notes		6.125	%		2/15/24		370,000			399,600
Centene Corp., Senior Notes		4.750	%		1/15/25		1,550,000			1,579,062
DaVita Inc., Senior Notes		5.750	%		8/15/22		330,000			342,788
DaVita Inc., Senior Notes		5.125	%		7/15/24		420,000			432,602
DaVita Inc., Senior Notes		5.000	%		5/1/25		1,830,000			1,848,300
HCA Inc., Senior Secured Bonds		4.500	%		2/15/27		1,000,000			1,011,990
HCA Inc., Senior Secured Notes		5.250	%		6/15/26		470,000			502,312
Humana Inc., Senior Notes		7.200	%		6/15/18		2,700,000			2,854,397
Humana Inc., Senior Notes		3.950	%		3/15/27		230,000			237,653
UnitedHealth Group Inc., Senior Notes		6.000	%		2/15/18		1,350,000			1,397,440
Total Health Care Providers & Services										11,111,944
Pharmaceuticals — 1.2%
Actavis Funding SCS, Senior Notes		4.550	%		3/15/35		290,000			292,908
Actavis Funding SCS, Senior Notes		4.750	%		3/15/45		650,000			664,566
Valeant Pharmaceuticals International Inc., Senior Notes		6.375	%		10/15/20		1,000,000			863,750	(a)
Valeant Pharmaceuticals International Inc., Senior Notes		6.750	%		8/15/21		250,000			208,125	(a)
Valeant Pharmaceuticals International Inc., Senior Notes		7.250	%		7/15/22		800,000			649,000	(a)

See Notes to Financial Statements.

10 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Pharmaceuticals — continued
Valeant Pharmaceuticals International Inc., Senior Notes		5.875	%		5/15/23		210,000		$	156,188	(a)
Valeant Pharmaceuticals International Inc., Senior Notes		6.125	%		4/15/25		110,000			81,620	(a)
Valeant Pharmaceuticals International Inc., Senior Secured Notes		6.500	%		3/15/22		170,000			174,463	(a)
Valeant Pharmaceuticals International Inc., Senior Secured Notes		7.000	%		3/15/24		150,000			153,375	(a)
Total Pharmaceuticals										3,243,995
Total Health Care										15,872,170
Industrials — 7.4%
Aerospace & Defense — 0.5%
CBC Ammo LLC/CBC FinCo Inc., Senior Notes		7.250	%		11/15/21		630,000			637,875	(a)
Hexcel Corp., Senior Notes		3.950	%		2/15/27		800,000			816,115
Total Aerospace & Defense										1,453,990
Airlines — 0.8%
Continental Airlines Inc., Pass-Through Certificates, Secured Notes		9.250	%		5/10/17		1,022,137			1,023,763	(f)
Manchester Airport Group Funding PLC, Senior Secured Notes		4.125	%		4/2/24		860,000	GBP		1,283,077	(c)
Total Airlines										2,306,840
Building Products — 0.8%
GTL Trade Finance Inc., Senior Notes		7.250	%		4/16/44		1,220,000			1,218,475	(a)
Standard Industries Inc., Senior Notes		5.125	%		2/15/21		380,000			398,525	(a)
Standard Industries Inc., Senior Notes		5.500	%		2/15/23		550,000			573,375	(a)
Total Building Products										2,190,375
Commercial Services & Supplies — 1.7%
ACCO Brands Corp., Senior Notes		5.250	%		12/15/24		490,000			505,925	(a)
Covanta Holding Corp., Senior Notes		5.875	%		7/1/25		600,000			601,500
GFL Environmental Inc., Senior Notes		9.875	%		2/1/21		680,000			734,400	(a)
Republic Services Inc., Senior Notes		5.250	%		11/15/21		1,450,000			1,618,937
West Corp., Senior Notes		5.375	%		7/15/22		1,430,000			1,449,662	(a)
Total Commercial Services & Supplies										4,910,424
Construction & Engineering — 0.6%
Brundage-Bone Concrete Pumping Inc., Senior Secured Notes		10.375	%		9/1/21		720,000			752,400	(a)
Michael Baker International LLC/CDL Acquisition Co. Inc., Senior Secured Notes		8.250	%		10/15/18		530,000			553,188	(a)
Tutor Perini Corp., Senior Notes		6.875	%		5/1/25		320,000			336,800	(a)
Total Construction & Engineering										1,642,388
Electrical Equipment — 0.1%
Trionista TopCo GmbH, Senior Subordinated Notes		6.875	%		4/30/21		100,000	EUR		113,726	(a)

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 11

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Machinery — 1.2%
Allison Transmission Inc., Senior Bonds		5.000	%		10/1/24		1,450,000		$	1,480,812	(a)
Park-Ohio Industries Inc., Senior Notes		6.625	%		4/15/27		470,000			482,631	(a)
Tennant Co., Senior Notes		5.625	%		5/1/25		660,000			688,875	(a)
Terex Corp., Senior Notes		5.625	%		2/1/25		770,000			788,288	(a)
Total Machinery										3,440,606
Road & Rail — 0.8%
Eversholt Funding PLC, Senior Secured Notes		6.359	%		12/2/25		740,000	GBP		1,268,126	(c)
Flexi-Van Leasing Inc., Senior Notes		7.875	%		8/15/18		1,132,000			1,052,760	(a)
Total Road & Rail										2,320,886
Trading Companies & Distributors — 0.4%
H&E Equipment Services Inc., Senior Notes		7.000	%		9/1/22		1,080,000			1,134,648
Transportation — 0.5%
Mexico City Airport Trust, Senior Secured Bonds		5.500	%		10/31/46		1,500,000			1,487,025	(a)
Total Industrials										21,000,908
Information Technology — 2.9%
Communications Equipment — 0.2%
CommScope Technologies LLC, Senior Notes		5.000	%		3/15/27		460,000			465,175	(a)
Internet Software & Services — 0.1%
Match Group Inc., Senior Notes		6.375	%		6/1/24		380,000			415,150
Software — 0.5%
Microsoft Corp., Senior Notes		2.875	%		2/6/24		1,330,000			1,352,808
Technology Hardware, Storage & Peripherals — 2.1%
Dell International LLC/EMC Corp., Senior Notes		5.875	%		6/15/21		690,000			733,125	(a)
Dell International LLC/EMC Corp., Senior Notes		7.125	%		6/15/24		400,000			442,353	(a)
HP Inc., Senior Notes		4.650	%		12/9/21		2,000,000			2,160,518
Seagate HDD Cayman, Senior Bonds		4.750	%		1/1/25		2,330,000			2,261,859
Seagate HDD Cayman, Senior Bonds		4.875	%		6/1/27		520,000			501,379
Total Technology Hardware, Storage & Peripherals										6,099,234
Total Information Technology										8,332,367
Materials — 9.7%
Chemicals — 0.5%
OCP SA, Senior Notes		5.625	%		4/25/24		800,000			856,079	(a)
Valvoline Inc., Senior Notes		5.500	%		7/15/24		700,000			742,000	(a)
Total Chemicals										1,598,079
Construction Materials — 0.5%
HeidelbergCement Finance Luxembourg SA, Senior Notes		8.500	%		10/31/19		610,000	EUR		803,746	(c)
U.S. Concrete Inc., Senior Notes		6.375	%		6/1/24		520,000			546,000	(a)
Total Construction Materials										1,349,746

See Notes to Financial Statements.

12 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Containers & Packaging — 0.4%
Suzano Trading Ltd., Senior Notes		5.875	%		1/23/21		970,000		$	1,039,355	(a)
Metals & Mining — 7.7%
Alcoa Nederland Holding BV, Senior Notes		6.750	%		9/30/24		380,000			417,620	(a)
Alcoa Nederland Holding BV, Senior Notes		7.000	%		9/30/26		910,000			1,010,100	(a)
Anglo American Capital PLC, Senior Notes		3.625	%		5/14/20		470,000			478,225	(a)
Anglo American Capital PLC, Senior Notes		4.125	%		4/15/21		250,000			256,875	(a)
Anglo American Capital PLC, Senior Notes		4.875	%		5/14/25		850,000			890,375	(a)
Anglo American Capital PLC, Senior Notes		4.750	%		4/10/27		400,000			414,612	(a)
ArcelorMittal SA, Senior Notes		7.750	%		10/15/39		750,000			860,625
Barrick Gold Corp., Senior Notes		4.100	%		5/1/23		1,300,000			1,415,454
BHP Billiton Finance USA Ltd., Subordinated Notes		6.750	%		10/19/75		1,500,000			1,702,500	(a)(d)
First Quantum Minerals Ltd., Senior Notes		7.250	%		4/1/23		560,000			571,550	(a)
First Quantum Minerals Ltd., Senior Notes		7.500	%		4/1/25		1,460,000			1,492,850	(a)
Freeport-McMoRan Inc., Senior Notes		2.375	%		3/15/18		650,000			649,188
Freeport-McMoRan Inc., Senior Notes		6.875	%		2/15/23		1,790,000			1,892,925	(a)
Glencore Finance Canada Ltd., Senior Notes		5.250	%		6/13/17		950,000	EUR		1,040,922
HudBay Minerals Inc., Senior Notes		7.625	%		1/15/25		870,000			936,337	(a)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		1,850,000			1,814,801
Teck Resources Ltd., Senior Notes		8.000	%		6/1/21		500,000			546,250	(a)
Teck Resources Ltd., Senior Notes		8.500	%		6/1/24		580,000			673,525	(a)
Teck Resources Ltd., Senior Notes		6.250	%		7/15/41		600,000			639,000
Vale Overseas Ltd., Senior Notes		4.375	%		1/11/22		2,816,000			2,892,595
Vale Overseas Ltd., Senior Notes		6.875	%		11/21/36		340,000			370,175
Vale Overseas Ltd., Senior Notes		6.875	%		11/10/39		750,000			815,700
Total Metals & Mining										21,782,204
Paper & Forest Products — 0.6%
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		1,220,000			1,342,518
Fibria Overseas Finance Ltd., Senior Notes		5.250	%		5/12/24		260,000			269,100
Total Paper & Forest Products										1,611,618
Total Materials										27,381,002
Real Estate — 1.2%
Equity Real Estate Investment Trusts (REITs) — 0.8%
Care Capital Properties LP, Senior Notes		5.125	%		8/15/26		310,000			311,766
GEO Group Inc., Senior Notes		6.000	%		4/15/26		630,000			650,475
MGM Growth Properties Operating Partnership LP/MGP Finance Co.-Issuer Inc., Senior Notes		4.500	%		9/1/26		570,000			570,713
MPT Operating Partnership LP/MPT Finance Corp., Senior Notes		6.375	%		3/1/24		440,000			478,500

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 13

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†		Value
Equity Real Estate Investment Trusts (REITs) — continued
MPT Operating Partnership LP/MPT Finance Corp., Senior Notes		5.250	%		8/1/26		200,000	$	206,000
Total Equity Real Estate Investment Trusts (REITs)									2,217,454
Real Estate Management & Development — 0.4%
Caesars Entertainment Resort Properties LLC, Senior Secured Notes		8.000	%		10/1/20		1,180,000		1,232,274
Total Real Estate									3,449,728
Telecommunication Services — 14.4%
Diversified Telecommunication Services — 8.3%
AT&T Inc., Senior Notes		4.250	%		3/1/27		800,000		818,448
Cogent Communications Group Inc., Senior Secured Notes		5.375	%		3/1/22		590,000		612,125	(a)
Intelsat Jackson Holdings SA, Senior Notes		7.250	%		4/1/19		1,000,000		966,250
Oi Brasil Holdings Cooperatief U.A., Senior Notes		5.750	%		2/10/22		2,510,000		872,225	*(a)(g)
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		650,000		694,182	(a)
Qwest Corp., Senior Notes		6.750	%		12/1/21		2,500,000		2,780,468
Telecom Italia SpA, Senior Notes		5.303	%		5/30/24		5,820,000		6,045,525	(a)
Telefonica Emisiones SAU, Senior Notes		5.134	%		4/27/20		2,000,000		2,161,140
Telefonica Emisiones SAU, Senior Notes		7.045	%		6/20/36		2,000,000		2,519,156
Verizon Communications Inc., Senior Notes		5.150	%		9/15/23		2,000,000		2,216,414
Verizon Communications Inc., Senior Notes		4.125	%		3/16/27		2,080,000		2,131,197
Windstream Services LLC, Senior Notes		7.750	%		10/15/20		1,330,000		1,363,250
Windstream Services LLC, Senior Notes		7.750	%		10/1/21		270,000		272,700
Windstream Services LLC, Senior Notes		6.375	%		8/1/23		200,000		177,500
Total Diversified Telecommunication Services									23,630,580
Wireless Telecommunication Services — 6.1%
Altice Financing SA, Senior Secured Bonds		7.500	%		5/15/26		1,060,000		1,147,450	(a)
America Movil SAB de CV, Senior Notes		5.625	%		11/15/17		2,050,000		2,093,850
America Movil SAB de CV, Senior Notes		6.125	%		3/30/40		650,000		776,764
CSC Holdings LLC, Senior Notes		10.125	%		1/15/23		270,000		313,875	(a)
CSC Holdings LLC, Senior Notes		6.625	%		10/15/25		760,000		833,150	(a)
CSC Holdings LLC, Senior Notes		10.875	%		10/15/25		1,360,000		1,637,100	(a)
Sprint Capital Corp., Senior Notes		8.750	%		3/15/32		90,000		110,981
Sprint Communications Inc., Senior Notes		11.500	%		11/15/21		1,000,000		1,267,500
Sprint Corp., Senior Notes		7.875	%		9/15/23		3,410,000		3,836,250
Sprint Spectrum Co., LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Notes		3.360	%		9/20/21		3,980,000		4,024,775	(a)
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Senior Notes		9.125	%		4/30/18		1,150,000		1,227,625	(c)
Total Wireless Telecommunication Services									17,269,320
Total Telecommunication Services									40,899,900

See Notes to Financial Statements.

14 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Utilities — 4.6%
Electric Utilities — 2.1%
Enel SpA, Junior Subordinated Bonds		7.750	%		9/10/75		1,740,000	GBP	$	2,532,535	(c)(d)
FirstEnergy Corp., Notes		7.375	%		11/15/31		1,930,000			2,546,197
Pampa Energia SA, Senior Notes		7.500	%		1/24/27		840,000			896,700	(a)
Total Electric Utilities										5,975,432
Gas Utilities — 0.2%
Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Notes		5.875	%		3/1/27		490,000			491,225
Independent Power and Renewable Electricity Producers — 0.6%
Mirant Mid Atlantic LLC, Pass-Through Certificates, Secured Bonds		10.060	%		12/30/28		1,948,589			1,761,037
Multi-Utilities — 1.7%
Centrica PLC, Senior Notes		6.375	%		3/10/22		1,200,000	GBP		1,923,590	(c)
Empresas Publicas de Medellin ESP, Senior Notes		7.625	%		7/29/19		1,210,000			1,353,688	(a)
Veolia Environnement SA, Senior Notes		6.750	%		4/24/19		1,200,000	EUR		1,484,733
Total Multi-Utilities										4,762,011
Total Utilities										12,989,705
Total Corporate Bonds & Notes (Cost — $331,295,675)										343,007,697
Asset-Backed Securities — 0.8%
Asset Backed Funding Certificates, 2003-WMC1 M1		1.966	%		6/25/33		1,079,150			1,045,325	(d)
Home Equity Asset Trust, 2004-8 M1		1.861	%		3/25/35		512,610			500,742	(d)
Residential Asset Mortgage Products Inc., 2003-SL1 M1		7.324	%		4/25/31		1,191,557			638,642	(d)
Residential Asset Securities Corp., 2003-KS10 AI6		4.540	%		12/25/33		42,314			43,395	(d)
Total Asset-Backed Securities (Cost — $2,523,625)										2,228,104
Collateralized Mortgage Obligations — 0.4%
Bear Stearns ARM Trust, 2005-12 24A1		3.213	%		2/25/36		26,377			24,515	(d)
GSMPS Mortgage Loan Trust, 2006-RP1 1A2		7.500	%		1/25/36		211,352			224,932	(a)
HarborView Mortgage Loan Trust, 2004-10 4A		3.364	%		1/19/35		160,350			158,006	(d)
JPMorgan Mortgage Trust, 2005-A5 1A2		3.272	%		8/25/35		717,520			716,372	(d)
Washington Mutual Inc., Mortgage Pass-Through Certificates, 2007-HY4 4A1		2.745	%		9/25/36		49,978			45,016	(d)
Total Collateralized Mortgage Obligations (Cost — $1,046,510)										1,168,841
Convertible Bonds & Notes — 0.5%
Information Technology — 0.5%
Communications Equipment — 0.0%
Finisar Corp., Senior Notes		0.500	%		12/15/36		110,000			102,712	(a)
Internet Software & Services — 0.1%
WebMD Health Corp., Notes		2.625	%		6/15/23		310,000			300,119	(a)

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 15

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡	Rate			Maturity Date		Face Amount†			Value
Semiconductors & Semiconductor Equipment — 0.4%
Microchip Technology Inc., Junior Subordinated Notes		2.250	%		2/15/37		200,000		$	207,500	(a)
Microchip Technology Inc., Senior Subordinated Notes		1.625	%		2/15/27		410,000			421,787	(a)
ON Semiconductor Corp., Senior Notes		1.625	%		10/15/23		410,000			411,538	(a)
Total Semiconductors & Semiconductor Equipment										1,040,825
Total Convertible Bonds & Notes (Cost — $1,418,421)										1,443,656
Senior Loans — 0.7%
Consumer Discretionary — 0.3%
Specialty Retail — 0.3%
PetSmart Inc., Term Loan B2		4.020	%		3/11/22		1,067,277			985,231	(h)(i)(j)
Energy — 0.2%
Oil, Gas & Consumable Fuels — 0.2%
Chesapeake Energy Corp., Term Loan		8.553	%		8/23/21		450,000			486,937	(h)(i)
Health Care — 0.2%
Health Care Providers & Services — 0.2%
Radnet Management Inc., Second Lien Term Loan		8.151	%		3/25/21		578,667			583,730	(f)(h)(i)
Total Senior Loans (Cost — $2,032,375)										2,055,898
Sovereign Bonds — 2.1%
Argentina — 0.3%
Republic of Argentina, Senior Bonds		6.875	%		4/22/21		360,000			394,740
Republic of Argentina, Senior Bonds		7.500	%		4/22/26		340,000			373,320
Republic of Argentina, Senior Bonds		7.625	%		4/22/46		200,000			213,400
Total Argentina										981,460
Peru — 0.2%
Republic of Peru, Senior Bonds		7.840	%		8/12/20		1,249,000	PEN		425,524
Russia — 0.3%
Russian Federal Bond, Bonds		7.050	%		1/19/28		44,320,000	RUB		751,945
Turkey — 0.3%
Republic of Turkey, Senior Notes		4.875	%		10/9/26		1,000,000			992,327
United Arab Emirates — 0.5%
MDC-GMTN B.V., Senior Notes		7.625	%		5/6/19		1,250,000			1,393,290	(c)
United Kingdom — 0.5%
United Kingdom Treasury Gilt, Bonds		4.500	%		3/7/19		1,019,000	GBP		1,428,675	(c)
Total Sovereign Bonds (Cost — $5,850,307)										5,973,221
U.S. Government & Agency Obligations — 1.3%
U.S. Government Obligations — 1.3%
U.S. Treasury Notes		1.875	%		1/31/22		1,500,000			1,504,980
U.S. Treasury Notes		2.000	%		11/30/22		2,000,000			2,007,578
Total U.S. Government & Agency Obligations (Cost — $3,491,787)										3,512,558

See Notes to Financial Statements.

16 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Security‡				Shares		Value
Common Stocks — 0.0%
Energy — 0.0%
Oil, Gas & Consumable Fuels — 0.0%
Sanchez Energy Corp. (Cost — $12,919)					1,193	$	9,234	*
	Rate
Convertible Preferred Stocks — 0.7%
Energy — 0.2%
Oil, Gas & Consumable Fuels — 0.2%
Sanchez Energy Corp.		6.500	%		15,900		537,579
Health Care — 0.5%
Pharmaceuticals — 0.5%
Allergan PLC		5.500	%		1,789		1,548,880
Total Convertible Preferred Stocks (Cost — $2,137,482)							2,086,459
Preferred Stocks — 0.4%
Energy — 0.0%
Oil, Gas & Consumable Fuels — 0.0%
Scorpio Tankers Inc.		8.250	%		4,075		102,486
Financials — 0.4%
Capital Markets — 0.4%
State Street Corp.		5.900	%		37,454		1,053,956	(d)
Diversified Financial Services — 0.0%
Citigroup Capital XIII		7.542	%		3,050		80,032	(d)
Total Financials							1,133,988
Total Preferred Stocks (Cost — $1,119,864)							1,236,474
Total Investments before Short-Term Investments (Cost — $350,928,965)							362,722,142
Short-Term Investments — 0.4%
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost — $1,155,546)		0.679	%		1,155,546		1,155,546
Total Investments — 128.1% (Cost — $352,084,511#)							363,877,688
Liabilities in Excess of Other Assets — (28.1)%							(79,810,602	)
Total Net Assets — 100.0%						$	284,067,086

‡ Securities held by the Fund are subject to a lien, granted to the lenders, to the extent of the borrowing outstanding and any additional expenses.

† Face amount denominated in U.S. dollars, unless otherwise noted.

* Non-income producing security.

^(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors, unless otherwise noted.

^(b)  Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional debt securities.

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 17

Schedule of investments (unaudited) (cont’d)

April 30, 2017

Western Asset Global Corporate Defined Opportunity Fund Inc.

^(c)  Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors, unless otherwise noted.

^(d)  Variable rate security. Interest rate disclosed is as of the most recent information available.

^(e)  Security has no maturity date. The date shown represents the next call date.

^(f)  Security is valued using significant unobservable inputs.

^(g)  The coupon payment on these securities is currently in default as of April 30, 2017.

^(h)  Interest rates disclosed represent the effective rates on senior loans. Ranges in interest rates are attributable to multiple contracts under the same loan.

⁽ⁱ⁾  Senior loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the agent bank and/or borrower prior to the disposition of a senior loan.

^(j)  All or a portion of this loan is unfunded as of April 30, 2017. The interest rate for fully unfunded term loans is to be determined.

# Aggregate cost for federal income tax purposes is substantially the same.

Abbreviations used in this schedule:
ARM	— Adjustable Rate Mortgage
EUR	— Euro
GBP	— British Pound
OJSC	— Open Joint Stock Company
PEN	— Peruvian Nuevo Sol
RUB	— Russian Ruble

Summary of Investments by Country**
United States	53.5	%
United Kingdom	11.3
France	4.6
Italy	2.7
Netherlands	2.6
Brazil	2.6
Australia	2.3
Canada	2.2
Mexico	2.0
Russia	1.8
Colombia	1.6
Switzerland	1.4
Spain	1.3
Peru	1.2
Belgium	1.2
Germany	1.0
Qatar	0.9

See Notes to Financial Statements.

18 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Western Asset Global Corporate Defined Opportunity Fund Inc.

Summary of Investments by Country** (cont’d)
Luxembourg	0.8	%
Chile	0.8
Ireland	0.7
United Arab Emirates	0.6
Kazakhstan	0.6
Argentina	0.5
Malaysia	0.4
India	0.3
Turkey	0.3
Morocco	0.2
Bahamas	0.2
Uruguay	0.1
Monaco	0.0	‡
Short-Term Investments	0.3
	100.0	%

** As a percentage of total investments. Please note that the Fund holdings are as of April 30, 2017 and are subject to change.

‡ Represents less than 0.1%.

At April 30, 2017, the Fund had the following open forward foreign currency contracts:

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Depreciation
CAD	784,586	USD	589,007	Barclays Bank PLC		7/20/17	$	(13,555)
EUR	6,380,786	USD	6,979,399	Barclays Bank PLC		7/20/17		(1,003)
USD	6,800,476	EUR	6,380,786	Barclays Bank PLC		7/20/17		(177,920)
USD	21,109,016	GBP	16,853,802	Barclays Bank PLC		7/20/17		(769,219)
Total							$	(961,697)

Abbreviations used in this table:
CAD	— Canadian Dollar
EUR	— Euro
GBP	— British Pound
USD	— United States Dollar

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 19

Statement of assets and liabilities (unaudited)

April 30, 2017

Assets:
Investments, at value (Cost — $352,084,511)	$	363,877,688
Foreign currency, at value (Cost — $245,794)		250,517
Interest receivable		5,939,247
Receivable for securities sold		1,565,992
Prepaid expenses		12,043
Total Assets		371,645,487
Liabilities:
Loan payable (Note 7)		83,000,000
Distributions payable		1,695,751
Payable for securities purchased		1,556,015
Unrealized depreciation on forward foreign currency contracts		961,697
Investment management fee payable		240,344
Interest payable		58,848
Directors’ fees payable		2,415
Accrued expenses		63,331
Total Liabilities		87,578,401
Total Net Assets	$	284,067,086
Net Assets:
Par value ($0.001 par value; 14,940,540 shares issued and outstanding; 100,000,000 shares authorized)	$	14,941
Paid-in capital in excess of par value		284,521,702
Undistributed net investment income		6,317,483
Accumulated net realized loss on investments, futures contracts, forward foreign currency contracts and foreign currency transactions		(17,645,441)
Net unrealized appreciation on investments and foreign currencies		10,858,401
Total Net Assets	$	284,067,086
Shares Outstanding		14,940,540
Net Asset Value		$19.01

See Notes to Financial Statements.

20 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Statement of operations (unaudited)

For the Six Months Ended April 30, 2017

Investment Income:
Interest	$	10,465,404
Dividends		89,765
Total Investment Income		10,555,169
Expenses:
Investment management fee (Note 2)		1,440,186
Interest expense (Note 7)		586,941
Excise tax (Note 1)		449,121
Directors’ fees		31,764
Audit and tax fees		29,753
Transfer agent fees		19,414
Legal fees		17,825
Shareholder reports		15,598
Fund accounting fees		13,668
Stock exchange listing fees		9,076
Custody fees		8,076
Commitment fees (Note 7)		7,039
Insurance		2,404
Miscellaneous expenses		9,116
Total Expenses		2,639,981
Net Investment Income		7,915,188
Realized and Unrealized Gain (Loss) on Investments, Futures Contracts, Forward Foreign Currency Contracts and Foreign Currency Transactions (Notes 1, 3 and 4):
Net Realized Gain (Loss) From:
Investment transactions		(3,581,401)
Futures contracts		302,425
Forward foreign currency contracts		4,008,498
Foreign currency transactions		(20,548)
Net Realized Gain		708,974
Change in Net Unrealized Appreciation (Depreciation) From:
Investments		6,957,240
Forward foreign currency contracts		(4,350,341)
Foreign currencies		103,398
Change in Net Unrealized Appreciation (Depreciation)		2,710,297
Net Gain on Investments, Futures Contracts, Forward Foreign Currency Contracts and Foreign Currency Transactions		3,419,271
Increase in Net Assets From Operations	$	11,334,459

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 21

Statements of changes in net assets

For the Six Months Ended April 30, 2017 (unaudited) and the Year Ended October 31, 2016	2017		2016
Operations:
Net investment income	$	7,915,188	$	17,974,358
Net realized gain (loss)		708,974		(4,638,254)
Change in net unrealized appreciation (depreciation)		2,710,297		8,897,643
Increase in Net Assets From Operations		11,334,459		22,233,747
Distributions to Shareholders From (Note 1):
Net investment income		(10,174,508)		(20,353,465)
Decrease in Net Assets From Distributions to Shareholders		(10,174,508)		(20,353,465)
Fund Share Transactions:
Cost of shares repurchased (0 and 14,001 shares repurchased, respectively)		—		(213,465)
Increase (Decrease) in Net Assets From Fund Share Transactions		—		(213,465)
Increase in Net Assets		1,159,951		1,666,817
Net Assets:
Beginning of period		282,907,135		281,240,318
End of period*	$	284,067,086	$	282,907,135
*Includes undistributed net investment income of:		$6,317,483		$8,576,803

See Notes to Financial Statements.

22 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Statement of cash flows (unaudited)

For the Six Months Ended April 30, 2017

Increase (Decrease) in Cash:
Cash Provided (Used) by Operating Activities:
Net increase in net assets resulting from operations	$	11,334,459
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided (used) by operating activities:
Purchases of portfolio securities		(142,663,765)
Sales of portfolio securities		139,764,007
Net purchases, sales and maturities of short-term investments		(262,311)
Payment-in-kind		(9,705)
Net amortization of premium (accretion of discount)		(78,792)
Decrease in receivable for securities sold		2,185,793
Increase in interest receivable		(520,031)
Increase in prepaid expenses		(1,017)
Decrease in principal paydown receivable		1,199
Decrease in payable for securities purchased		(2,071,115)
Decrease in investment management fee payable		(8,906)
Decrease in Directors’ fees payable		(4,278)
Decrease in interest payable		(3,918)
Decrease in accrued expenses		(49,769)
Net realized loss on investments		3,581,401
Change in net unrealized appreciation (depreciation) of investments and forward foreign currency transactions		(2,606,899)
Net Cash Provided by Operating Activities*		8,586,353
Cash Flows From Financing Activities:
Distributions paid on common stock		(8,478,757)
Net Cash Used in Financing Activities		(8,478,757)
Net Increase in Cash		107,596
Cash at Beginning of Period		142,921
Cash at End of Period	$	250,517

* Included in operating expenses is cash of $594,359 paid for interest and commitment fees on borrowings.

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 23

Financial highlights

For a share of capital stock outstanding throughout each year ended October 31, unless otherwise noted:
	20171,2			20161			20151			20141			20131			20121
Net asset value, beginning of period		$18.94			$18.81			$20.20			$20.36			$20.63			$19.15
Income (loss) from operations:
Net investment income		0.53			1.20			1.23			1.30			1.24			1.33
Net realized and unrealized gain (loss)		0.22			0.29			(1.30)			(0.09)			(0.09)			1.67
Total income (loss) from operations		0.75			1.49			(0.07)			1.21			1.15			3.00
Less distributions from:
Net investment income		(0.68)	3		(1.36)			(1.36)			(1.39)			(1.33)			(1.50)
Net realized gains		—			—			—			—			(0.08)			(0.02)
Return of capital		—			—			—			—			(0.01)			—
Total distributions		(0.68)			(1.36)			(1.36)			(1.39)			(1.42)			(1.52)
Anti-dilutive impact of repurchase plan		—			0.00	4,5		0.04	4		0.02	4		—			—
Net asset value, end of period		$19.01			$18.94			$18.81			$20.20			$20.36			$20.63
Market price, end of period		$17.80			$17.39			$17.17			$18.22			$18.08			$20.25
Total return, based on NAV6,7		4.09	%		8.44	%		(0.17)	%		6.18	%		5.76	%		16.55	%
Total return, based on Market Price8		6.45	%		9.82	%		1.88	%		8.67	%		(3.84)	%		21.54	%
Net assets, end of period (000s)		$284,067			$282,907			$281,240			$307,631			$312,451			$316,104
Ratios to average net assets:
Gross expenses		1.90	%9		1.64	%		1.55	%		1.28	%		1.23	%		1.34	%
Net expenses		1.90	9		1.64			1.55			1.28			1.23			1.34
Net investment income		5.70	9		6.53			6.25			6.36			6.04			6.79
Portfolio turnover rate		39	%		51	%		33	%		22	%		20	%		9	%
Supplemental data:
Loan Outstanding, End of Period (000s)		$83,000			$83,000			$83,000			—			—			—
Asset Coverage Ratio for Loan Outstanding10		442	%		441	%		439	%		—			—			—
Asset Coverage, per $1,000 Principal Amount of Loan Outstanding10		$4,422			$4,409			$4,388			—			—			—
Weighted Average Loan (000s)		$83,000			$83,000			$83,000	11		—			—			—
Weighted Average Interest Rate on Loan		1.43	%		1.20	%		0.91	%11		—			—			—

See Notes to Financial Statements.

24 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

¹  Per share amounts have been calculated using the average shares method.

²  For the six months ended April 30, 2017 (unaudited).

³  The actual source of the Fund’s current fiscal year distributions may be from net investment income, return of capital or a combination of both. Shareholders will be informed of the tax characteristics of the distributions after the close of the fiscal year.

⁴  The repurchase plan was completed at an average repurchase price of $15.25 for 14,001 shares and $213,465 for the year ended October 31, 2016, $16.92 for 276,119 shares and $4,671,232 for the year ended October 31,2015 and $18.11 for 116,116 shares and $2,103,258 for the year ended October 31,2014.

⁵  Amount represents less than $0.005 per share.

⁶  Performance figures may reflect compensating balance arrangements, fee waivers and/or expense reimbursements. In the absence of compensating balance arrangements, fee waivers and/or expense reimbursements, the total return would have been lower. Past performance is no guarantee of future results. Total returns for periods of less than one year are not annualized.

⁷  The total return calculation assumes that distributions are reinvested at NAV. Prior to January 1, 2012, the total return calculation assumed the reinvestment of all distributions in accordance with the Fund’s dividend reinvestment plan. Past performance is no guarantee of future results. Total returns for periods of less than one year are not annualized.

⁸  The total return calculation assumes that distributions are reinvested in accordance with the Fund’s dividend reinvestment plan. Past performance is no guarantee of future results. Total returns for periods of less than one year are not annualized.

⁹  Annualized.

¹⁰  Represents value of net assets plus the loan outstanding at the end of the period divided by the loan outstanding at the end of the period.

¹¹  Weighted average based on the number of days that the Fund had a loan outstanding.

See Notes to Financial Statements.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 25

Notes to financial statements (unaudited)

1. Organization and significant accounting policies

Western Asset Global Corporate Defined Opportunity Fund Inc. (the “Fund”) was incorporated in Maryland on September 17, 2009 and is registered as a non-diversified, limited-term, closed-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund’s primary investment objective is to provide current income and then to liquidate and distribute substantially all of the Fund’s net assets to stockholders on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of U.S. and foreign corporate fixed-income securities of varying maturities.

The following are significant accounting policies consistently followed by the Funds and are in conformity with U.S. generally accepted accounting principles (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ. Subsequent events have been evaluated through the date the financial statements were issued.

(a) Investment valuation. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Short-term fixed income securities that will mature in 60 days or less are valued at amortized cost, unless it is determined that using this method would not reflect an investment’s fair value. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.

26 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Legg Mason North Atlantic Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Directors. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical investments

• Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 27

Notes to financial statements (unaudited) (cont’d)

• Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:

ASSETS
Description	Quoted Prices (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Long-term investments†:
Corporate bonds & notes:
Industrials		—	$	19,977,145	$	1,023,763	$	21,000,908
Other corporate bonds & notes		—		322,006,789		—		322,006,789
Asset-backed securities		—		2,228,104		—		2,228,104
Collateralized mortgage obligations		—		1,168,841		—		1,168,841
Convertible bonds & notes		—		1,443,656		—		1,443,656
Senior loans:
Health care		—		—		583,730		583,730
Other senior loans		—		1,472,168		—		1,472,168
Sovereign bonds		—		5,973,221		—		5,973,221
U.S. Government & agency obligations		—		3,512,558		—		3,512,558
Common stocks	$	9,234		—		—		9,234
Convertible preferred stocks:
Energy		—		537,579		—		537,579
Health care		1,548,880		—		—		1,548,880
Preferred stocks		1,236,474		—		—		1,236,474
Total long-term investments		2,794,588		358,320,061		1,607,493		362,722,142
Short-term investments†		1,155,546		—		—		1,155,546
Total investments	$	3,950,134	$	358,320,061	$	1,607,493	$	363,877,688
LIABILITIES
Description	Quoted Prices (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Other financial instruments:
Forward foreign currency contracts		—	$	961,697		—	$	961,697

† See Schedule of Investments for additional detailed categorizations.

(b) Futures contracts. The Fund uses futures contracts generally to gain exposure to, or hedge against, changes in interest rates or gain exposure to, or hedge against, changes in certain asset classes. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date.

28 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

Upon entering into a futures contract, the Fund is required to deposit cash or cash equivalents with a broker in an amount equal to a certain percentage of the contract amount. This is known as the ‘‘initial margin’’ and subsequent payments (‘‘variation margin’’) are made or received by the Fund each day, depending on the daily fluctuation in the value of the contract. For certain futures, including foreign denominated futures, variation margin is not settled daily, but is recorded as a net variation margin payable or receivable. The daily changes in contract value are recorded as unrealized gains or losses in the Statement of Operations and the Fund recognizes a realized gain or loss when the contract is closed.

Futures contracts involve, to varying degrees, risk of loss in excess of the amounts reflected in the financial statements. In addition, there is the risk that the Fund may not be able to enter into a closing transaction because of an illiquid secondary market.

(c) Purchased options. When the Fund purchases an option, an amount equal to the premium paid by the Fund is recorded as an investment on the Statement of Assets and Liabilities, the value of which is marked-to-market to reflect the current market value of the option purchased. If the purchased option expires, the Fund realizes a loss equal to the amount of premium paid. When an instrument is purchased or sold through the exercise of an option, the related premium paid is added to the basis of the instrument acquired or deducted from the proceeds of the instrument sold. The risk associated with purchasing put and call options is limited to the premium paid.

(d) Forward foreign currency contracts. The Fund enters into a forward foreign currency contract to hedge against foreign currency exchange rate risk on its non-U.S. dollar denominated securities or to facilitate settlement of a foreign currency denominated portfolio transaction. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is closed, through either delivery or offset by entering into another forward foreign currency contract, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed.

Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.

(e) Foreign currency translation. Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 29

Notes to financial statements (unaudited) (cont’d)

The Fund does not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the values of assets and liabilities, other than investments in securities, on the date of valuation, resulting from changes in exchange rates.

Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of U.S. dollar denominated transactions as a result of, among other factors, the possibility of lower levels of governmental supervision and regulation of foreign securities markets and the possibility of political or economic instability.

(f) Loan participations. The Fund may invest in loans arranged through private negotiation between one or more financial institutions. The Fund’s investment in any such loan may be in the form of a participation in or an assignment of the loan. In connection with purchasing participations, the Fund generally will have no right to enforce compliance by the borrower with the terms of the loan agreement related to the loan, or any rights of off-set against the borrower and the Fund may not benefit directly from any collateral supporting the loan in which it has purchased the participation.

The Fund assumes the credit risk of the borrower, the lender that is selling the participation and any other persons interpositioned between the Fund and the borrower. In the event of the insolvency of the lender selling the participation, the Fund may be treated as a general creditor of the lender and may not benefit from any off-set between the lender and the borrower.

(g) Unfunded loan commitments. The Fund may enter into certain credit agreements where all or a portion of which may be unfunded. The Fund is obligated to fund these commitments at the borrower’s discretion. The commitments are disclosed in the accompanying Schedule of Investments. At April 30, 2017, the Fund had sufficient cash and/or securities to cover these commitments.

(h) Cash flow information. The Fund invests in securities and distributes dividends from net investment income and net realized gains, which are paid in cash and may be reinvested at the discretion of shareholders. These activities are reported in the Statement of Changes in Net Assets and additional information on cash receipts and cash payments are presented in the Statement of Cash Flows.

(i) Foreign investment risks. The Fund’s investments in foreign securities may involve risks not present in domestic investments. Since securities may be denominated in foreign

30 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

currencies, may require settlement in foreign currencies or pay interest or dividends in foreign currencies, changes in the relationship of these foreign currencies to the U.S. dollar can significantly affect the value of the investments and earnings of the Fund. Foreign investments may also subject the Fund to foreign government exchange restrictions, expropriation, taxation or other political, social or economic developments, all of which affect the market and/or credit risk of the investments.

(j) Credit and market risk. The Fund invests in high-yield and emerging market instruments that are subject to certain credit and market risks. The yields of high-yield and emerging market debt obligations reflect, among other things, perceived credit and market risks. The Fund’s investments in securities rated below investment grade typically involve risks not associated with higher rated securities including, among others, greater risk related to timely and ultimate payment of interest and principal, greater market price volatility and less liquid secondary market trading. The consequences of political, social, economic or diplomatic changes may have disruptive effects on the market prices of investments held by the Fund. The Fund’s investments in non-U.S. dollar denominated securities may also result in foreign currency losses caused by devaluations and exchange rate fluctuations.

Investments in securities that are collateralized by real estate mortgages are subject to certain credit and liquidity risks. When market conditions result in an increase in default rates of the underlying mortgages and the foreclosure values of underlying real estate properties are materially below the outstanding amount of these underlying mortgages, collection of the full amount of accrued interest and principal on these investments may be doubtful. Such market conditions may significantly impair the value and liquidity of these investments and may result in a lack of correlation between their credit ratings and values.

(k) Counterparty risk and credit-risk-related contingent features of derivative instruments. The Fund may invest in certain securities or engage in other transactions, where the Fund is exposed to counterparty credit risk in addition to broader market risks. The Fund may invest in securities of issuers, which may also be considered counterparties as trading partners in other transactions. This may increase the risk of loss in the event of default or bankruptcy by the counterparty or if the counterparty otherwise fails to meet its contractual obligations. The Fund’s subadviser attempts to mitigate counterparty risk by (i) periodically assessing the creditworthiness of its trading partners, (ii) monitoring and/or limiting the amount of its net exposure to each individual counterparty based on its assessment and (iii) requiring collateral from the counterparty for certain transactions. Market events and changes in overall economic conditions may impact the assessment of such counterparty risk by the subadviser. In addition, declines in the values of underlying collateral received may expose the Fund to increased risk of loss.

The Fund has entered into master agreements with certain of its derivative counterparties that provide for general obligations, representations, agreements, collateral, events of default or termination and credit related contingent features. The credit related contingent features include, but are not limited to, a percentage decrease in the Fund’s net assets or

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 31

Notes to financial statements (unaudited) (cont’d)

NAV over a specified period of time. If these credit related contingent features were triggered, the derivatives counterparty could terminate the positions and demand payment or require additional collateral.

Collateral requirements differ by type of derivative. Collateral or margin requirements are set by the broker or exchange clearinghouse for exchange traded derivatives while collateral terms are contract specific for over-the-counter traded derivatives. Cash collateral that has been pledged to cover obligations of the Fund under derivative contracts, if any, will be reported separately in the Statement of Assets and Liabilities. Securities pledged as collateral, if any, for the same purpose are noted in the Schedule of Investments.

Absent an event of default by the counterparty or a termination of the agreement, the terms of the master agreements do not result in an offset of reported amounts of financial assets and financial liabilities in the Statement of Assets and Liabilities across transactions between the Fund and the applicable counterparty. The enforceability of the right to offset may vary by jurisdiction.

As of April 30, 2017, the Fund held forward foreign currency contracts with credit related contingent features which had a liability position of $961,697. If a contingent feature in the master agreements would have been triggered, the Fund would have been required to pay this amount to its derivatives counterparties.

(l) Security transactions and investment income. Security transactions are accounted for on a trade date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on the accrual basis. Paydown gains and losses on mortgage- and asset-backed securities are recorded as adjustments to interest income. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.

(m) Distributions to shareholders. Distributions from net investment income of the Fund, if any, are declared quarterly and paid on a monthly basis. The actual source of the Fund’s monthly distributions may be from net investment income, return of capital or a combination of both. Shareholders will be informed of the tax characteristics of the distributions after the close of the fiscal year. Distributions of net realized gains, if any, are declared at least annually. Distributions to shareholders of the Fund are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.

(n) Compensating balance arrangements. The Fund has an arrangement with its custodian bank whereby a portion of the custodian’s fees is paid indirectly by credits earned on the Fund’s cash on deposit with the bank.

32 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

(o) Federal and other taxes. It is the Fund’s policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986 (the “Code”), as amended, applicable to regulated investment companies. Accordingly, the Fund intends to distribute its taxable income and net realized gains, if any, to shareholders in accordance with timing requirements imposed by the Code. Therefore, no federal or state income tax provision is required in the Fund’s financial statements.

However, due to the timing of when distributions are made by the Fund, the Fund may be subject to an excise tax of 4% of the amount by which 98% of the Fund’s annual taxable income and 98.2% of net realized gains exceed the distributions from such taxable income and realized gains for the calendar year. The Fund paid $449,121 of federal excise taxes attributable to calendar year 2016 in March 2017.

Management has analyzed the Fund’s tax positions taken on income tax returns for all open tax years and has concluded that as of October 31, 2016, no provision for income tax is required in the Fund’s financial statements. The Fund’s federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.

(p) Reclassification. GAAP requires that certain components of net assets be reclassified to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share.

2. Investment management agreement and other transactions with affiliates

Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the Fund’s investment manager. Western Asset Management Company (“Western Asset”), Western Asset Management Company Pte. Ltd. (“Western Singapore”), Western Asset Management Company Ltd. (“Western Japan”) and Western Asset Management Company Limited (“Western Asset Limited”) are the Fund’s subadvisers. LMPFA, Western Asset, Western Singapore, Western Japan and Western Asset Limited are wholly-owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).

LMPFA provides administrative and certain oversight services to the Fund. The Fund pays an investment management fee, calculated daily and paid monthly, at an annual rate of 0.80%of the Fund’s average daily net assets plus the amount of any borrowings and assets attributable to any preferred stock that may be outstanding.

LMPFA delegates to Western Asset the day-to-day portfolio management of the Fund. Western Singapore, Western Japan and Western Asset Limited provide certain subadvisory services to the Fund relating to currency transactions and investments in non-U.S. dollar denominated debt securities. For its services, LMPFA pays Western Asset monthly 70% of the net management fee it receives from the Fund. In turn, Western Asset pays Western

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 33

Notes to financial statements (unaudited) (cont’d)

Singapore, Western Japan and Western Asset Limited a fee for its services at no additional expense to the Fund. Each of Western Singapore, Western Japan and Western Asset Limited receives a fee from Western Asset, payable monthly, in an amount equal to an annual rate of 0.56% of the Fund’s daily managed assets related to the Fund’s assets that Western Asset allocates to Western Singapore, Western Japan and Western Asset Limited, respectively, to manage.

During periods in which the Fund utilizes financial leverage, the fees paid to LMPFA will be higher than if the Fund did not utilize leverage because the fees are calculated as a percentage of the Fund’s assets, including those investments purchased with leverage.

All officers and one Director of the Fund are employees of Legg Mason or its affiliates and do not receive compensation from the Fund.

3. Investments

During the six months ended April 30, 2017, the aggregate cost of purchases and proceeds from sales of investments (excluding short-term investments) and U.S. Government & Agency Obligations were as follows:

	Investments		U.S. Government & Agency Obligations
Purchases	$	106,850,925	$	35,812,840
Sales		82,934,244		56,829,763

At April 30, 2017, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:

Gross unrealized appreciation	$	25,998,825
Gross unrealized depreciation		(14,205,648)
Net unrealized appreciation	$	11,793,177

4. Derivative instruments and hedging activities

Below is a table, grouped by derivative type, that provides information about the fair value and the location of derivatives within the Statement of Assets and Liabilities at April 30, 2017.

LIABILITY DERIVATIVES1
	Foreign Exchange Risk
Forward foreign currency contracts	$	961,697

¹  Generally, the balance sheet location for asset derivatives is receivables/net unrealized appreciation (depreciation) and for liability derivatives is payables/net unrealized appreciation (depreciation).

The following tables provide information about the effect of derivatives and hedging activities on the Fund’s Statement of Operations for the six months ended April 30, 2017. The first table provides additional detail about the amounts and sources of gains (losses) realized on derivatives during the period. The second table provides additional information about the change in unrealized appreciation (depreciation) resulting from the Fund’s derivatives and hedging activities during the period.

34 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES RECOGNIZED
	Interest Rate Risk		Foreign Exchange Risk		Total
Purchased options1		—	$	(171,863)	$	(171,863)
Futures contracts	$	302,425		—		302,425
Forward foreign currency contracts		—		4,008,498		4,008,498
Total	$	302,425	$	3,836,635	$	4,139,060

¹  Net realized gain (loss) from purchased options is reported in net realized gain (loss) from investment transactions in the Statement of Operations.

CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) ON DERIVATIVES RECOGNIZED
	Foreign Exchange Risk
Purchased options1	$	163,575
Forward foreign currency contracts		(4,350,341)
Total	$	(4,186,766)

¹  The change in unrealized appreciation (depreciation) from purchased options is reported in the change in net unrealized from investments in the Statement of Operations.

During the six months ended April 30, 2017, the volume of derivative activity for the Fund was as follows:

	Average Market Value
Purchased options†	$	1,781
Futures contracts (to sell)†		2,543,906
Forward foreign currency contracts (to buy)		15,843,174
Forward foreign currency contracts (to sell)		61,836,160

† At April 30, 2017, there were no open positions held in this derivative.

The following table presents by financial instrument, the Fund’s derivative liabilities net of the related collateral pledged by the Fund at April 30, 2017:

	Gross Amount of Derivative Liabilities in the Statement  of Assets and Liabilities1		Collateral Pledged		Net Amount
Forward foreign currency contracts	$	961,697		—	$	961,697

¹  Absent an event of default or early termination, derivative assets and liabilities are presented gross and not offset in the Statement of Assets and Liabilities.

5. Distributions subsequent to April 30, 2017

The following distributions have been declared by the Fund’s Board of Directors and are payable subsequent to the period end of this report:

Record Date	Payable Date		Amount
4/21/2017		5/1/2017	$	0.1135
5/19/2017		6/1/2017	$	0.1135
6/23/2017		7/3/2017	$	0.1135
7/21/2017		8/1/2017	$	0.1135
8/25/2017		9/1/2017	$	0.1135

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 35

Notes to financial statements (unaudited) (cont’d)

6. Stock repurchase program

On March 10, 2014, the Board of Directors (the “Board”) of the Fund announced that it had authorized the Fund to repurchase in the open market up to 1,600,000 shares of the Fund’s common stock when the Fund’s shares are trading at a discount to the net asset value. The Board directed the management of the Fund to repurchase shares of the Fund’s common stock at such times and in such amounts as Fund management reasonably believes may enhance stockholder value. The Fund is under no obligation to purchase shares at any specific discount levels or in any specific amounts.

During the six months ended April 30, 2017, the Fund did not repurchase any shares pursuant to the stock repurchase program.

Since the Fund’s commencement of the stock repurchase program through April 30, 2017, the Fund repurchased 406,236 shares or 2.65% of its common shares outstanding for the total amount of $6,987,955. The anti-dilutive impact of these share repurchases is included on the Financial Highlights.

7. Loan

Effective June 2, 2015, the Fund has a revolving credit agreement with National Australia Bank Limited that allows the Fund to borrow up to an aggregate amount of $90,000,000. This credit agreement renews daily for a 180-day term unless notice to the contrary is given to the Fund. The final scheduled termination date of the credit agreement is June 2, 2020. The Fund pays a commitment fee at an annual rate of 0.20% on the unutilized portion of the loan commitment amount. The interest on the loan is calculated at a variable rate based on the LIBOR plus any applicable margin. Securities held by the Fund are subject to a lien granted to National Australia Bank Limited, to the extent of the borrowing outstanding and any additional expenses. The Fund’s credit agreement contains customary covenants that, among other things, may limit the Fund’s ability to pay distributions in certain circumstances, incur additional debt, change its fundamental investment policies and engage in certain transactions, including mergers and consolidations, and require asset coverage ratios in addition to those required by the 1940 Act. In addition, the credit agreement may be subject to early termination under certain conditions and may contain other provisions that could limit the Fund’s ability to utilize borrowing under the agreement. Interest expense related to the loan for the six months ended April 30, 2017 was $586,941. For the six months ended April 30, 2017, the Fund incurred a commitment fee in the amount of $7,039. For the six months ended April 30, 2017, the Fund had an average daily loan balance outstanding of $83,000,000 and the weighted average interest rate was 1.43%. At April 30, 2017, the Fund had $83,000,000 of borrowings outstanding per this credit agreement.

8. Deferred capital losses

As of October 31, 2016, the Fund had deferred capital losses of $14,795,486, which have no expiration date, that will be available to offset future taxable capital gains.

36 Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report

9. Recent accounting pronouncement

In October 2016, the U.S. Securities and Exchange Commission adopted new rules and amended existing rules (together, the “final rules”) intended to modernize the reporting and disclosure of information by registered investment companies. In part, the final rules amend Regulation S-X and require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date for the amendments to Regulation S-X is August 1, 2017. Management is currently evaluating the impact that the adoption of the amendments to Regulation S-X will have on the Fund’s financial statements and related disclosures.

Western Asset Global Corporate Defined Opportunity Fund Inc. 2017 Semi-Annual Report 37

Board approval of management and subadvisory agreements (unaudited)

Background

The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the Board of Directors (the “Board”) of Western Asset Global Corporate Defined Opportunity Fund Inc. (the “Fund”), including a majority of its members who are not considered to be “interested persons” under the 1940 Act (the “Independent Directors”) voting separately, approve on an annual basis the continuation of the investment management contract (the “Management Agreement”) with the Fund’s manager, Legg Mason Partners Fund Advisor, LLC (the “Manager”), and the sub-advisory agreements (individually, a “Sub-Advisory Agreement,” and collectively, the “Sub-Advisory Agreements”) with the Manager’s affiliates, Western Asset Management Company (“Western Asset”), Western Asset Management Company Pte. Ltd. in Singapore (“Western Asset Singapore”), Western Asset Management Company Ltd. in Japan (“Western Asset Japan”), and Western Asset Management Company Limited in London (“Western Asset London”). Western Asset, Western Asset Singapore, Western Asset Japan, and Western Asset London together are hereinafter referred to as the “Sub-Advisers,” and Western Asset Singapore, Western Asset Japan, and Western Asset London together are hereinafter referred to as the “Non-U.S. Sub-Advisers.” At a meeting (the “Contract Renewal Meeting”) held in-person on November 9 and 10, 2016, the Board, including the Independent Directors, considered and approved the continuation of each of the Management Agreement and the Sub-Advisory Agreements for an additional one-year term. To assist in its consideration of the renewals of the Management Agreement and the Sub-Advisory Agreements, the Board received and considered a variety of information (together with the information provided at the Contract Renewal Meeting, the “Contract Renewal Information”) about the Manager and the Sub-Advisers, as well as the management and sub-advisory arrangements for the Fund and the other closed-end funds in the same complex under the Board’s supervision (the “Legg Mason Closed-end Funds”), certain portions of which are discussed below. A presentation made by the Manager and Western Asset to the Board at the Contract Renewal Meeting in connection with its evaluations of the Management Agreement and the Sub-Advisory Agreements encompassed the Fund and other Legg Mason Closed-end Funds. In addition to the Contract Renewal Information, the Board received performance and other information throughout the year related to the respective services rendered by the Manager and the Sub-Advisers to the Fund. The Board’s evaluation took into account the information received throughout the year and also reflected the knowledge and familiarity gained as members of the Boards of the Fund and other Legg Mason Closed-end Funds with respect to the services provided to the Fund by the Manager and the Sub-Advisers.

At a meeting held by conference call on November 2, 2016, the Independent Directors in preparation for the Contract Renewal Meeting met in a private session with their independent counsel to review Contract Renewal Information in respect of the Legg Mason Closed-end Funds, including the Fund, received to date. No representatives of the Manager or Western Asset participated in this meeting. The discussion below reflects all of these reviews.

38 Western Asset Global Corporate Defined Opportunity Fund Inc.

The Manager provides the Fund with investment advisory and administrative services pursuant to the Management Agreement and the Sub-Advisers together provide, or in the case of the Non-U.S. Sub-advisers help to provide, the Fund with certain investment sub-advisory services pursuant to the Sub-Advisory Agreements. The discussion below covers both the advisory and administrative functions being rendered by the Manager, each such function being encompassed by the Management Agreement, and the investment sub-advisory functions being rendered by the Sub-Advisers.

Board approval of management agreement and sub-advisory agreements

In its deliberations regarding renewal of the Management Agreement and the Sub-Advisory Agreements, the Board, including the Independent Directors, considered the factors below.

Nature, extent and quality of the services under the management agreement and sub-advisory agreements

The Board received and considered Contract Renewal Information regarding the nature, extent, and quality of services provided to the Fund by the Manager and the Sub-Advisers under the Management Agreement and the Sub-Advisory Agreements, respectively, during the past year. The Board also reviewed Contract Renewal Information regarding the Fund’s compliance policies and procedures established pursuant to the 1940 Act.

The Board reviewed the qualifications, backgrounds, and responsibilities of the Fund’s senior personnel and the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund. The Board also considered, based on its knowledge of the Manager and its affiliates, the Contract Renewal Information and the Board’s discussions with the Manager and Western Asset at the Contract Renewal Meeting, the general reputation and investment performance records of the Manager, Western Asset and their affiliates and the financial resources available to the corporate parent of the Manager and the Sub-Advisers, Legg Mason, Inc. (“Legg Mason”), to support their activities in respect of the Fund and the other Legg Mason Closed-end Funds.

The Board reviewed the responsibilities of the Manager and the Sub-Advisers under the Management Agreement and the Sub-Advisory Agreements, respectively, including the Manager’s coordination and oversight of the services provided to the Fund by the Sub-Advisers and others and Western Asset’s coordination and oversight of the services provided to the Fund by the Non-U.S. Sub-Advisers. The Management Agreement permits the Manager to delegate certain of its responsibilities, including its investment advisory duties thereunder, provided that the Manager, in each case, will supervise the activities of the delegee. Pursuant to this provision of the Management Agreement, the Manager does not provide day-to-day portfolio management services to the Fund. Rather, portfolio management services for the Fund are provided by Western Asset pursuant to the Sub-Advisory Agreement (the “Western Asset Sub-Advisory Agreement”) between the Manager and Western Asset. The Western Asset Sub-Advisory Agreement permits Western Asset to delegate certain of its responsibilities, including its investment sub-advisory

Western Asset Global Corporate Defined Opportunity Fund Inc. 39

Board approval of management and subadvisory agreements (unaudited) (cont’d)

duties thereunder, provided that Western Asset, in each case, will supervise the activities of the delegee. Pursuant to this provision of the Western Asset Sub-Advisory Agreement, each Non-U.S. Sub-Adviser helps to provide portfolio management services to the Fund pursuant to a separate Sub-Advisory Agreement with Western Asset.

In reaching its determinations regarding continuation of the Management Agreement and the Sub-Advisory Agreements, the Board took into account that Fund shareholders, in pursuing their investment goals and objectives, likely purchased their shares based upon the reputation and the investment style, philosophy and strategy of the Manager and Western Asset, as well as the resources available to the Manager and the Sub-Advisers.

The Board concluded that, overall, the nature, extent, and quality of the management and other services provided to the Fund under the Management Agreement and the Sub-Advisory Agreements have been satisfactory under the circumstances.

Fund performance

The Board received and considered information regarding Fund performance, including information and analyses (the “Broadridge Performance Information”) for the Fund, as well as for a group of funds (the “Performance Universe”) selected by Broadridge Financial Solutions, Inc. (“Broadridge”), an independent provider of investment company data. The Board was provided with a description of the methodology Broadridge used to determine the similarity of the Fund with the funds included in the Performance Universe. The Performance Universe included the Fund and all leveraged global income closed-end funds, as classified by Broadridge, regardless of asset size. The Performance Universe consisted of twelve funds, including the Fund, for each of the 1- and 3-year periods ended June 30, 2016; and eight funds, including the Fund, for the 5-year period ended such date. The Board noted that it had received and discussed with the Manager and Western Asset information throughout the year at periodic intervals comparing the Fund’s performance against its benchmark and its peer funds as selected by Broadridge.

The Broadridge Performance Information comparing the Fund’s performance to that of the Performance Universe based on net asset value per share showed, among other things, that the Fund’s performance was ranked sixth among the funds in the Performance Universe for each of the 1- and 3-year periods ended June 30, 2016 (first being best in these performance rankings) and was ranked third among the funds in the Performance Universe for the 5-year period ended such date. In each of the periods, the Fund’s performance was better than the median performance for the funds in the Performance Universe for that period. The Board noted that the small number of funds in the Performance Universe made meaningful performance comparisons difficult. In addition to the Fund’s performance relative to the Performance Universe, the Board considered the Fund’s performance in absolute terms and the Fund’s performance relative to its benchmark for each of the 1-, 3- and 5-year periods ended June 30, 2016. On a net asset value basis, the Fund underperformed its benchmark for the 1-year period but outperformed its benchmark for each of the 3- and 5-year periods.

40 Western Asset Global Corporate Defined Opportunity Fund Inc.

Based on the reviews and discussions of Fund performance and considering other relevant factors, including those noted above, the Board concluded, under the circumstances, that continuation of the Management Agreement and the Sub-Advisory Agreements for an additional one-year period would be consistent with the interests of the Fund and its shareholders.

Management fees and expense ratios

The Board reviewed and considered the management fee (the “Management Fee”) payable by the Fund to the Manager under the Management Agreement and the sub-advisory fees (the “Sub-Advisory Fees”) payable to the Sub-Advisers under the Sub-Advisory Agreements in light of the nature, extent and overall quality of the management, investment advisory and other services provided by the Manager and the Sub-Advisers. The Board noted that the Sub-Advisory Fee payable to Western Asset under the Western Asset Sub-Advisory Agreement is paid by the Manager, not the Fund, and, accordingly, that the retention of Western Asset does not increase the fees or expenses otherwise incurred by the Fund’s shareholders. Similarly, the Board noted that the Sub-Advisory Fee payable to each of the Non-U.S. Sub-Advisers under its Sub-Advisory Agreement with Western Asset is paid by Western Asset, not the Fund, and, accordingly, that the retention of such Non-U.S. Sub-Adviser does not increase the fees or expenses otherwise incurred by the Fund’s shareholders.

Additionally, the Board received and considered information and analyses prepared by Broadridge (the “Broadridge Expense Information”) comparing the Management Fee and the Fund’s overall expenses with those of funds in an expense group (the “Expense Group”) selected and provided by Broadridge. The comparison was based upon the constituent funds’ latest fiscal years. The Expense Group consisted of the Fund and five other leveraged global income closed-end funds, as classified by Broadridge. The six funds in the Expense Group had average net common share assets ranging from $93.3 million to $372.7 million. One of the other Expense Group funds was larger than the Fund and four were smaller.

The Broadridge Expense Information, comparing the Management Fee as well as the Fund’s actual total expenses to the Fund’s Expense Group, showed, among other things, that the Management Fee on a contractual basis was ranked third among the funds in the Expense Group (first being lowest and, therefore, best in these expense component rankings). The Fund’s actual Management Fee (i.e., giving effect to any voluntary fee waivers implemented by the Manager with respect to the Fund and by the managers of the other Expense Universe funds) was ranked second among the funds in the Expense Group compared on the basis of common share assets only and was ranked third among the funds in the Expense Group on the basis of common share and leveraged assets. The Fund’s actual total expenses ranked second among the funds in the Expense Group compared on the basis of common share assets only and ranked third among the funds in the Expense Group compared on the basis of common share and leveraged assets. Each of the Fund’s expense

Western Asset Global Corporate Defined Opportunity Fund Inc. 41

Board approval of management and subadvisory agreements (unaudited) (cont’d)

components was better (i.e., lower) than the Expense Group median for that expense component. The Manager observed that the small number of funds in the Expense Group made meaningful expense comparisons difficult.

The Board also reviewed Contract Renewal Information regarding fees charged by the Manager to other U.S. clients investing primarily in an asset class similar to that of the Fund, including, where applicable, institutional and separate accounts. The Board was advised that the fees paid by such institutional, separate account and other clients (collectively, “institutional clients”) generally are lower, and may be significantly lower, than the Management Fee. The Contract Renewal Information discussed the significant differences in scope of services provided to the Fund and to institutional clients. Among other things, institutional clients have fewer compliance, administration and other needs than the Fund and the Fund is subject not only to heightened regulatory requirements relative to institutional clients but also to requirements for listing on the New York Stock Exchange. The Contract Renewal Information noted further that the Fund is provided with administrative services, office facilities, Fund officers (including the Fund’s chief executive, chief financial and chief compliance officers), and that the Manager coordinates and oversees the provision of services to the Fund by other fund service providers. The Contract Renewal Information included information regarding management fees paid by open-end mutual funds in the same complex (the “Legg Mason Open-end Funds”) and such information indicated that the management fees paid by the Legg Mason Closed-end Funds generally were higher than those paid by the Legg Mason Open-end Funds. The Manager, in response to an inquiry from the Board as to the reasons for the fee differential, provided information as to differences between the services provided to the Fund and the other Legg Mason Closed-end Funds and the services provided to the Legg Mason Open-end Funds. The Board considered the fee comparisons in light of the different services provided in managing these other types of clients and funds.

Taking all of the above into consideration, the Board determined that the Management Fee and the Sub-Advisory Fees were reasonable in light of the nature, extent and overall quality of the management, investment advisory and other services provided to the Fund under the Management Agreement and the Sub-Advisory Agreements.

Manager profitability

The Board, as part of the Contract Renewal Information, received an analysis of the profitability to the Manager and its affiliates in providing services to the Fund for the Manager’s fiscal years ended March 31, 2016 and March 31, 2015. The Board also received profitability information with respect to the Legg Mason fund complex as a whole. In addition, the Board received Contract Renewal Information with respect to the Manager’s revenue and cost allocation methodologies used in preparing such profitability data. The profitability to each of the Sub-Advisers was not considered to be a material factor in the Board’s considerations since Western Asset’s Sub-Advisory Fee is paid by the Manager, not the Fund, and the Sub-Advisory Fees for the Non-U.S. Sub-Advisers are paid by Western Asset, not

42 Western Asset Global Corporate Defined Opportunity Fund Inc.

the Fund. The profitability analysis presented to the Board as part of the Contract Renewal Information indicated that profitability to the Manager had decreased by 3 percent during the period covered by the analysis and remained at a level that the Board did not consider to be excessive in light of judicial guidance and the nature, extent and overall quality of the investment advisory and other services provided to the Fund.

Economies of scale

The Board received and discussed Contract Renewal Information concerning whether the Manager realizes economies of scale if the Fund’s assets grow. The Board noted that because the Fund is a closed-end fund with no current plans to seek additional assets beyond maintaining its dividend reinvestment plan, any significant growth in its assets generally will occur through appreciation in the value of the Fund’s investment portfolio, rather than sales of additional shares in the Fund. The Board determined that the Management Fee structure, which incorporates no breakpoints reducing the Management Fee at specified increased asset levels, was appropriate under present circumstances.

Other benefits to the manager and the sub-advisers

The Board considered other benefits received by the Manager, the Sub-Advisers and their affiliates as a result of their relationship with the Fund and did not regard such benefits as excessive.

*  *  *  *  *  *

In light of all of the foregoing and other relevant factors, the Board determined, under the circumstances, that continuation of the Management Agreement and the Sub-Advisory Agreements would be consistent with the interests of the Fund and its shareholders and unanimously voted to continue each Agreement for a period of one additional year. No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve continuation of the Management Agreement and the Sub-Advisory Agreements, and each Board member may have attributed different weights to the various factors. The Independent Directors were advised by separate independent legal counsel throughout the process. Prior to the Contract Renewal Meeting, the Board received a memorandum prepared by the Manager discussing its responsibilities in connection with the proposed continuation of the Management Agreement and the Sub-Advisory Agreements as part of the Contract Renewal Information and the Independent Directors separately received a memorandum discussing such responsibilities from their independent counsel. Prior to voting, the Independent Directors also discussed the proposed continuation of the Management Agreement and the Sub-Advisory Agreements in private sessions with their independent legal counsel at which no representatives of the Manager or any Sub-Adviser were present.

Western Asset Global Corporate Defined Opportunity Fund Inc. 43

Additional shareholder information (unaudited)

Results of annual meeting of shareholders

The Annual Meeting of Shareholders of Western Asset Global Corporate Defined Opportunity Fund Inc. was held on February 24, 2017 for the purpose of considering and voting upon the election of Directors. The following table provides information concerning the matter voted upon at the Meeting:

Election of directors

Nominees	Votes For		Votes Withheld
Carol L. Colman		12,623,086		125,184
Daniel P. Cronin		12,612,220		136,050
Paolo M. Cucchi		12,574,083		174,187

At April 30, 2017, in addition to Carol L. Colman, Daniel P. Cronin and Paolo M. Cucchi, the other Directors of the Fund were as follows:

Robert D. Agdern

Leslie H. Gelb

William R. Hutchinson

Eileen A. Kamerick

Riordan Roett

Jane Trust

44 Western Asset Global Corporate Defined Opportunity Fund Inc.

Dividend reinvestment plan (unaudited)

Unless you elect to receive distributions in cash (i.e., opt-out), all dividends, including any capital gain dividends and return of capital distributions, on your Common Stock will be automatically reinvested by Computershare Inc. (“Computershare”), as agent for the stockholders (the “Plan Agent”), in additional shares of Common Stock under the Fund’s Dividend Reinvestment Plan (the “Plan”). You may elect not to participate in the Plan by contacting the Plan Agent. If you do not participate, you will receive all cash distributions paid by check mailed directly to you by Computershare, as dividend paying agent.

If you participate in the Plan, the number of shares of Common Stock you will receive will be determined as follows:

(1) If the market price of the Common Stock on the record date (or, if the record date is not a NYSE trading day, the immediately preceding trading day) for determining stockholders eligible to receive the relevant dividend or distribution (the “determination date”) is equal to or exceeds 98% of the net asset value per share of the Common Stock, the Fund will issue new Common Stock at a price equal to the greater of (a) 98% of the net asset value per share at the close of trading on the NYSE on the determination date or (b) 95% of the market price per share of the Common Stock on the determination date.

(2) If 98% of the net asset value per share of the Common Stock exceeds the market price of the Common Stock on the determination date, the Plan Agent will receive the dividend or distribution in cash and will buy Common Stock in the open market, on the NYSE or elsewhere, for your account as soon as practicable commencing on the trading day following the determination date and terminating no later than the earlier of (a) 30 days after the dividend or distribution payment date, or (b) the record date for the next succeeding dividend or distribution to be made to the stockholders; except when necessary to comply with applicable provisions of the federal securities laws. If during this period: (i) the market price rises so that it equals or exceeds 98% of the net asset value per share of the Common Stock at the close of trading on the NYSE on the determination date before the Plan Agent has completed the open market purchases or (ii) if the Plan Agent is unable to invest the full amount eligible to be reinvested in open market purchases, the Plan Agent will cease purchasing Common Stock in the open market and the Fund shall issue the remaining Common Stock at a price per share equal to the greater of (a) 98% of the net asset value per share at the close of trading on the Exchange on the determination date or (b) 95% of the then current market price per share.

Common Stock in your account will be held by the Plan Agent in non-certificated form. Any proxy you receive will include all shares of Common Stock you have received under the Plan.

You may withdraw from the Plan (i.e., opt-out) by notifying the Plan Agent in writing at 462 South 4th Street, Suite 1600 Louisville, KY 40202 or by calling the Plan Agent at 1-888-888-0151. Such withdrawal will be effective immediately if notice is received by the

Western Asset Global Corporate Defined Opportunity Fund Inc. 45

Dividend reinvestment plan (unaudited) (cont’d)

Plan Agent not less than ten business days prior to any dividend or distribution record date; otherwise such withdrawal will be effective as soon as practicable after the Plan Agent’s investment of the most recently declared dividend or distribution on the Common Stock. The Plan may be amended or supplemented by the Fund upon notice in writing mailed to stockholders at least 30 days prior to the record date for the payment of any dividend or distribution by the Fund for which the termination is to be effective.

Upon any termination, you will be sent a certificate or certificates for the full number of shares of Common Stock held for you under the Plan and cash for any fractional share of Common Stock. You may elect to notify the Plan Agent in advance of such termination to have the Plan Agent sell part or all of your Common Stock on your behalf. You will be charged a service charge and the Plan Agent is authorized to deduct brokerage charges actually incurred for this transaction from the proceeds.

There is no service charge for reinvestment of your dividends or distributions in Common Stock. However, all participants will pay a pro rata share of brokerage commissions incurred by the Plan Agent when it makes open market purchases. Because all dividends and distributions will be automatically reinvested in additional shares of Common Stock, this allows you to add to your investment through dollar cost averaging, which may lower the average cost of your Common Stock over time. Dollar cost averaging is a technique for lowering the average cost per share over time if the Fund’s net asset value declines. While dollar cost averaging has definite advantages, it cannot assure profit or protect against loss in declining markets.

Automatically reinvesting dividends and distributions does not mean that you do not have to pay income taxes due upon receiving dividends and distributions. Investors will be subject to income tax on amounts reinvested under the Plan.

The Fund reserves the right to amend or terminate the Plan if, in the judgment of the Board of Directors, the change is warranted. There is no direct service charge to participants in the Plan; however, the Fund reserves the right to amend the Plan to include a service charge payable by the participants. Additional information about the Plan and your account may be obtained from the Plan Agent at 462 South 4th Street, Suite 1600 Louisville, KY 40202 or by telephone at 1-888-888-0151.

*  *  *

On December 15, 2016, the Fund announced that the Board of Directors has authorized changes to the Fund’s Dividend Reinvestment Plan (the “Plan”) with respect to dividend reinvestment determinations and transaction fees for Plan participants selling their shares. A copy of the revised Plan is included below.

Effective July 1, 2017, the Fund will use the dividend payment date to determine if new shares are issued or shares are purchased in the open market for Plan participants reinvesting their distributions. If on the payment date the closing market price (plus $0.03 per share commission) is at or above the net asset value (“NAV”), the Fund will issue new shares of

46 Western Asset Global Corporate Defined Opportunity Fund Inc.

common stock. Newly issued shares of common stock will be issued at a price equal to the greater of (a) the NAV per share on the date prior to issuance or (b) 95% of the closing market price per share. If the closing market price (plus $0.03 per share commission) is lower than the NAV per share on the payment date, the Plan Agent will receive the distribution in cash and purchase common stock in the open market. In addition, effective July 1, 2017, fees paid by Plan participants to sell Fund shares will increase, with Plan participants paying a $5.00 transaction fee plus a $0.05 per share commission upon a sale of shares held pursuant to the Plan.

Revised dividend reinvestment plan:

Unless you elect to receive distributions in cash (i.e., opt-out), all dividends, including any capital gain dividends and return of capital distributions, on your Common Stock will be automatically reinvested by Computershare Trust Company, N.A., as agent for the stockholders (the “Plan Agent”), in additional shares of Common Stock under the Fund’s Dividend Reinvestment Plan (the “Plan”). You may elect not to participate in the Plan by contacting the Plan Agent. If you do not participate, you will receive all cash distributions paid by check mailed directly to you by Computershare Trust Company, N.A., as dividend paying agent.

If you participate in the Plan, the number of shares of Common Stock you will receive will be determined as follows:

(1) If the market price of the Common Stock (plus $0.03 per share commission) on the payment date (or, if the payment date is not a NYSE trading day, the immediately preceding trading day) is equal to or exceeds the net asset value per share of the Common Stock at the close of trading on the NYSE on the payment date, the Fund will issue new Common Stock at a price equal to the greater of (a) the net asset value per share at the close of trading on the NYSE on the payment date or (b) 95% of the market price per share of the Common Stock on the payment date.

(2) If the net asset value per share of the Common Stock exceeds the market price of the Common Stock (plus $0.03 per share commission) at the close of trading on the NYSE on the payment date, the Plan Agent will receive the dividend or distribution in cash and will buy Common Stock in the open market, on the NYSE or elsewhere, for your account as soon as practicable commencing on the trading day following the payment date and terminating no later than the earlier of (a) 30 days after the dividend or distribution payment date, or (b) the payment date for the next succeeding dividend or distribution to be made to the stockholders; except when necessary to comply with applicable provisions of the federal securities laws. If during this period: (i) the market price (plus $0.03 per share commission) rises so that it equals or exceeds the net asset value per share of the Common Stock at the close of trading on the NYSE on the payment date before the Plan Agent has completed the open market purchases or (ii) if the Plan Agent is unable to invest the full amount eligible to be reinvested in open market purchases, the Plan Agent will cease purchasing Common Stock in the open market and the Fund shall issue the remaining Common Stock at a

Western Asset Global Corporate Defined Opportunity Fund Inc. 47

Dividend reinvestment plan (unaudited) (cont’d)

price per share equal to the greater of (a) the net asset value per share at the close of trading on the NYSE on the day prior to the issuance of shares for reinvestment or (b) 95% of the then current market price per share.

Common Stock in your account will be held by the Plan Agent in non-certificated form. Any proxy you receive will include all shares of Common Stock you have received under the Plan. You may withdraw from the Plan (i.e., opt-out) by notifying the Plan Agent in writing at 462 South 4th Street, Suite 1600, Louisville, KY 40202 or by calling the Plan Agent at 1-888-888-0151. Such withdrawal will be effective immediately if notice is received by the Plan Agent not less than ten business days prior to any dividend or distribution record date; otherwise such withdrawal will be effective as soon as practicable after the Plan Agent’s investment of the most recently declared dividend or distribution on the Common Stock.

Plan participants who sell their shares will be charged a service charge (currently $5.00 per transaction) and the Plan Agent is authorized to deduct brokerage charges actually incurred from the proceeds (currently $0.05 per share commission). There is no service charge for reinvestment of your dividends or distributions in Common Stock. However, all participants will pay a pro rata share of brokerage commissions incurred by the Plan Agent when it makes open market purchases. Because all dividends and distributions will be automatically reinvested in additional shares of Common Stock, this allows you to add to your investment through dollar cost averaging, which may lower the average cost of your Common Stock over time. Dollar cost averaging is a technique for lowering the average cost per share over time if the Fund’s net asset value declines. While dollar cost averaging has definite advantages, it cannot assure profit or protect against loss in declining markets.

Automatically reinvesting dividends and distributions does not mean that you do not have to pay income taxes due upon receiving dividends and distributions. Investors will be subject to income tax on amounts reinvested under the Plan.

The Fund reserves the right to amend or terminate the Plan if, in the judgment of the Board of Directors, the change is warranted. The Plan may be terminated, amended or supplemented by the Fund upon notice in writing mailed to stockholders at least 30 days prior to the record date for the payment of any dividend or distribution by the Fund for which the termination or amendment is to be effective. Upon any termination, you will be sent cash for any fractional share of Common Stock in your account. You may elect to notify the Plan Agent in advance of such termination to have the Plan Agent sell part or all of your Common Stock on your behalf. Additional information about the Plan and your account may be obtained from the Plan Agent at 462 South 4th Street, Suite 1600, Louisville, KY 40202 or by calling the Plan Agent at 1-888-888-0151.

48 Western Asset Global Corporate Defined Opportunity Fund Inc.

Western Asset

Global Corporate Defined Opportunity Fund Inc.

Directors

Robert D. Agdern

Carol L. Colman

Daniel P. Cronin

Paolo M. Cucchi

Leslie H. Gelb

William R. Hutchinson

Eileen A. Kamerick

Riordan Roett

Jane Trust

Chairman

Officers

Jane Trust

President and Chief Executive Officer

Richard F. Sennett

Principal Financial Officer

Todd F. Kuehl*

Chief Compliance Officer

Jenna Bailey

Identity Theft Prevention Officer

Robert I. Frenkel

Secretary and Chief Legal Officer

Thomas C. Mandia

Assistant Secretary

Steven Frank

Treasurer

Jeanne M. Kelly

Senior Vice President

* Effective May 11, 2017, Mr. Kuehl became Chief Compliance Officer.

Western Asset Global Corporate Defined Opportunity Fund Inc.

620 Eighth Avenue

49^th Floor

New York, NY 10018

Investment manager

Legg Mason Partners Fund Advisor, LLC

Subadvisers

Western Asset Management Company

Western Asset Management Company Limited

Western Asset Management Company Ltd

Western Asset Management Company Pte. Ltd.

Custodian

State Street Bank and Trust Company

1 Lincoln Street

Boston, MA 02111

Transfer agent

Computershare Inc.

462 South 4th Street, Suite 1600

Louisville, KY 40202

Independent registered public accounting firm

KPMG LLP

345 Park Avenue

New York, NY 10154

Legal counsel

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, NY 10017

New York Stock Exchange Symbol

GDO

Legg Mason Funds Privacy and Security Notice

Your Privacy and the Security of Your Personal Information is Very Important to the Legg Mason Funds

This Privacy and Security Notice (the “Privacy Notice”) addresses the Legg Mason Funds’ privacy and data protection practices with respect to nonpublic personal information the Funds receive. The Legg Mason Funds include any funds sold by the Funds’ distributor, Legg Mason Investor Services, LLC, as well as Legg Mason-sponsored closed-end funds and certain closed-end funds managed or subadvised by Legg Mason or its affiliates. The provisions of this Privacy Notice apply to your information both while you are a shareholder and after you are no longer invested with the Funds.

The Type of Nonpublic Personal Information the Funds Collect About You

The Funds collect and maintain nonpublic personal information about you in connection with your shareholder account. Such information may include, but is not limited to:

• Personal information included on applications or other forms;

• Account balances, transactions, and mutual fund holdings and positions;

• Online account access user IDs, passwords, security challenge question responses; and

• Information received from consumer reporting agencies regarding credit history and creditworthiness (such as the amount of an individual’s total debt, payment history, etc.).

How the Funds Use Nonpublic Personal Information About You

The Funds do not sell or share your nonpublic personal information with third parties or with affiliates for their marketing purposes, or with other financial institutions or affiliates for joint marketing purposes, unless you have authorized the Funds to do so. The Funds do not disclose any nonpublic personal information about you except as may be required to perform transactions or services you have authorized or as permitted or required by law. The Funds may disclose information about you to:

• Employees, agents, and affiliates on a “need to know” basis to enable the Funds to conduct ordinary business or comply with obligations to government regulators;

• Service providers, including the Funds’ affiliates, who assist the Funds as part of the ordinary course of business (such as printing, mailing services, or processing or servicing your account with us) or otherwise perform services on the Funds’ behalf, including companies that may perform marketing services solely for the Funds;

• The Funds’ representatives such as legal counsel, accountants and auditors; and

• Fiduciaries or representatives acting on your behalf, such as an IRA custodian or trustee of a grantor trust.

NOT PART OF THE SEMI-ANNUAL REPORT

Legg Mason Funds Privacy and Security Notice (cont’d)

Except as otherwise permitted by applicable law, companies acting on the Funds’ behalf are contractually obligated to keep nonpublic personal information the Funds provide to them confidential and to use the information the Funds share only to provide the services the Funds ask them to perform.

The Funds may disclose nonpublic personal information about you when necessary to enforce their rights or protect against fraud, or as permitted or required by applicable law, such as in connection with a law enforcement or regulatory request, subpoena, or similar legal process. In the event of a corporate action or in the event a Fund service provider changes, the Funds may be required to disclose your nonpublic personal information to third parties. While it is the Funds’ practice to obtain protections for disclosed information in these types of transactions, the Funds cannot guarantee their privacy policy will remain unchanged.

Keeping You Informed of the Funds’ Privacy and Security Practices

The Funds will notify you annually of their privacy policy as required by federal law. While the Funds reserve the right to modify this policy at any time they will notify you promptly if this privacy policy changes.

The Funds’ Security Practices

The Funds maintain appropriate physical, electronic and procedural safeguards designed to guard your nonpublic personal information. The Funds’ internal data security policies restrict access to your nonpublic personal information to authorized employees, who may use your nonpublic personal information for Fund business purposes only.

Although the Funds strive to protect your nonpublic personal information, they cannot ensure or warrant the security of any information you provide or transmit to them, and you do so at your own risk. In the event of a breach of the confidentiality or security of your nonpublic personal information, the Funds will attempt to notify you as necessary so you can take appropriate protective steps. If you have consented to the Funds using electronic communications or electronic delivery of statements, they may notify you under such circumstances using the most current email address you have on record with them.

In order for the Funds to provide effective service to you, keeping your account information accurate is very important. If you believe that your account information is incomplete, not accurate or not current, or if you have questions about the Funds’ privacy practices, write the Funds using the contact information on your account statements, email the Funds by clicking on the Contact Us section of the Funds’ website at www.leggmason.com, or contact the Fund at 1-888-777-0102.

NOT PART OF THE SEMI-ANNUAL REPORT

Western Asset Global Corporate Defined Opportunity Fund Inc.

Western Asset Global Corporate Defined Opportunity Fund Inc.

620 Eighth Avenue

49th Floor

New York, NY 10018

Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that from time to time the Fund may purchase, at market prices, shares of its stock.

The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the SEC’s website at www.sec.gov. The Fund’s Forms N-Q may be reviewed and copied at the SEC’s Public Reference Room in Washington D.C., and information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. To obtain information on Form N-Q from the Fund, shareholders can call 1-888-777-0102.

Information on how the Fund voted proxies relating to portfolio securities during the prior 12-month period ended June 30th of each year and a description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio transactions are available (1) without charge, upon request, by calling 1-888-777-0102, (2) at www.lmcef.com and (3) on the SEC’s website at www.sec.gov.

This report is transmitted to the shareholders of Western Asset Global Corporate Defined Opportunity Fund Inc. for their information. This is not a prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or any securities mentioned in the report.

Computershare Inc.

462 South 4th Street, Suite 1600

Louisville, KY 40202

WASX012645 6/17 SR17-3092

ITEM 2. CODE OF ETHICS.

Not applicable.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable.

ITEM 6. SCHEDULE OF INVESTMENTS.

Included herein under Item 1.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 8(b). INVESTMENT PROFESSIONALS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Annabel Rudebeck   Western Asset
385 East Colorado Blvd. Pasadena, CA 91101 Effective May 1, 2017 Responsible for the day-to-day management with other members of the Fund’s portfolio management team; Ms.. Rudebeck joined Western Asset in 2016 as Head of Non-US Credit. Ms. Rudebeck has over 18 years of investment industry experience. Formerly Ms. Rudebeck was a Senior Partner and Head of Global Investment-Grade Credit for Rogge Global Partners and also served as a Credit Research Associate at J.P. Morgan Securities.

The following tables set forth certain additional information with respect to the above named fund’s investment professional responsible for the day-to-day management with other members of the Fund’s portfolio management team for the fund. Unless noted otherwise, all information is provided as of April 30, 2017.

Other Accounts Managed by Investment Professional

The table below identifies the number of accounts (other than the fund) for which the below named fund’s investment professional has day-to-day management responsibilities and the total assets in such accounts, within each of the following categories: registered investment companies, other pooled investment vehicles, and other accounts. For each category, the number of accounts and total assets in the accounts where fees are based on performance is also indicated.

Name of PM	Type of Account	Number of Accounts Managed		Total Assets Managed	Number of Accounts Managed for which Advisory Fee is Performance- Based		Assets Managed for which Advisory Fee is Performance- Based
Annabel Rudebeck*	Other Registered Investment Companies		3	$615 million		None	None
	Other Pooled Vehicles		16	$3.1 billion		1	$115 million
	Other Accounts		21	$5.0 billion		2	$527 million

* Ms.Rudebeck will join the Fund’s portfolio management team on May 1, 2017.

Investment Professional Compensation

With respect to the compensation of the investment professionals, Western Asset’s compensation system assigns each employee a total compensation range, which is derived from annual market surveys that benchmark each role with its job function and peer universe. This method is designed to reward employees with total compensation reflective of the external market value of their skills, experience, and ability to produce desired results. Standard compensation includes competitive base salaries, generous employee benefits, and a retirement plan.

In addition, the subadviser’s employees are eligible for bonuses. These are structured to closely align the interests of employees with those of the subadviser, and are determined by the professional’s job function and pre-tax performance as measured by a formal review process. All bonuses are completely discretionary. The principal factor considered is an investment professional’s investment performance versus appropriate peer groups and benchmarks (e.g., a securities index and with respect to a fund, the benchmark set forth in the fund’s Prospectus to which the fund’s average annual total returns are compared or, if none, the benchmark set forth in the fund’s annual report). Performance is reviewed on a 1, 3 and 5 year basis for compensation—with 3 years having the most emphasis. The subadviser may also measure an investment professional’s pre-tax investment performance against other benchmarks, as it determines appropriate. Because investment professionals are generally responsible for multiple accounts (including the funds) with similar investment strategies, they are generally compensated on the performance of the aggregate group of similar accounts, rather than a specific account. Other factors that may be considered when making bonus

decisions include client service, business development, length of service to the subadviser, management or supervisory responsibilities, contributions to developing business strategy and overall contributions to the subadviser’s business.

Finally, in order to attract and retain top talent, all professionals are eligible for additional incentives in recognition of outstanding performance. These are determined based upon the factors described above and include Legg Mason stock options and long-term incentives that vest over a set period of time past the award date.

Potential Conflicts of Interest

The subadviser has adopted compliance policies and procedures to address a wide range of potential conflicts of interest that could directly impact client portfolios. For example, potential conflicts of interest may arise in connection with the management of multiple portfolios (including portfolios managed in a personal capacity). These could include potential conflicts of interest related to the knowledge and timing of a portfolio’s trades, investment opportunities and broker selection. Portfolio managers are privy to the size, timing, and possible market impact of a portfolio’s trades.

It is possible that an investment opportunity may be suitable for both a portfolio and other accounts managed by a portfolio manager, but may not be available in sufficient quantities for both the portfolio and the other accounts to participate fully. Similarly, there may be limited opportunity to sell an investment held by a portfolio and another account. A conflict may arise where the portfolio manager may have an incentive to treat an account preferentially as compared to a portfolio because the account pays a performance-based fee or the portfolio manager, the subadviser or an affiliate has an interest in the account. The subadviser has adopted procedures for allocation of portfolio transactions and investment opportunities across multiple client accounts on a fair and equitable basis over time. Eligible accounts that can participate in a trade generally share the same price on a pro-rata allocation basis, taking into account differences based on factors such as cash availability, investment restrictions and guidelines, and portfolio composition versus strategy.

With respect to securities transactions, the subadviser determines which broker or dealer to use to execute each order, consistent with their duty to seek best execution of the transaction. However, with respect to certain other accounts (such as pooled investment vehicles that are not registered investment companies and other accounts managed for organizations and individuals), the subadviser may be limited by the client with respect to the selection of brokers or dealers or may be instructed to direct trades through a particular broker or dealer. In these cases, trades for a portfolio in a particular security may be placed separately from, rather than aggregated with, such other accounts. Having separate transactions with respect to a security may temporarily affect the market price of the security or the execution of the transaction, or both, to the possible detriment of a portfolio or the other account(s) involved. Additionally, the management of multiple portfolios and/or other accounts may result in a portfolio manager devoting unequal time and attention to the management of each portfolio and/or other account. The subadviser’s team approach to portfolio management and block trading approach seeks to limit this potential risk.

The subadviser also maintains a gift and entertainment policy to address the potential for a business contact to give gifts or host entertainment events that may influence the business judgment of an employee. Employees are permitted to retain gifts of only a nominal value and are required to make reimbursement for entertainment events above a certain value. All gifts (except those of a de minimis value) and entertainment events that are given or sponsored by a business contact are required to be reported in a gift and entertainment log which is reviewed on a regular basis for possible issues.

Employees of the subadviser have access to transactions and holdings information regarding client accounts and the subadviser’s overall trading activities. This information represents a potential conflict of interest because employees may take advantage of this information as they trade in their personal accounts. Accordingly, the subadviser maintains a Code of Ethics that is compliant with Rule 17j-1 under the Investment Company Act of 1940, as amended, and Rule 204A-1 under the Investment Advisers Act of 1940, to address personal trading. In addition, the Code of Ethics seeks to establish broader principles of good conduct and fiduciary responsibility in all aspects of the subadviser’s business. The Code of Ethics is administered by the Legal and Compliance Department and monitored through the subadviser’s compliance monitoring program.

The subadviser may also face other potential conflicts of interest with respect to managing client assets, and the description above is not a complete description of every conflict of interest that could be deemed to exist. The subadviser also maintains a compliance monitoring program and engages independent auditors to conduct a SOC1/ISAE 3402 audit on an annual basis. These steps help to ensure that potential conflicts of interest have been addressed.

Investment Professional Securities Ownership

The table below identifies the dollar range of securities beneficially owned by the named investment professional as of April 30, 2017.

Investment Professional	Dollar Range of Portfolio Securities Beneficially Owned
Annabel Rudebeck	A

Dollar Range ownership is as follows:

A: none

B: $1 - $10,000

C: 10,001 - $50,000

D: $50,001 - $100,000

E: $100,001 - $500,000

F: $500,001 - $1 million

G: over $1 million

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

ITEM 11. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 12. EXHIBITS.

(a) (1) Not applicable.

Exhibit 99.CODE ETH

(a) (2) Certifications pursuant to section 302 of the Sarbanes-Oxley Act of 2002 attached hereto.

Exhibit 99.CERT

(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 attached hereto.

Exhibit 99.906CERT

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this Report to be signed on its behalf by the undersigned, there unto duly authorized.

Western Asset Global Corporate Defined Opportunity Fund Inc.

By:	/s/ Jane Trust
	Jane Trust
	Chief Executive Officer
Date:	June 26, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Jane Trust
	Jane Trust
	Chief Executive Officer
Date:	June 26, 2017
By:	/s/ Richard F. Sennett
	Richard F. Sennett
	Principal Financial Officer
Date:	June 26, 2017