N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

811-07303

Investment Company Act File Number

Global Growth Portfolio

(Exact Name of Registrant as Specified in Charter)

The Eaton Vance Building, 255 State Street, Boston, Massachusetts 02109

(Address of Principal Executive Offices)

Maureen A. Gemma
Eaton Vance Management, 255 State Street, Boston, Massachusetts 02109

(Name and Address of Agent for Services)

(617) 482-8260

(Registrant’s Telephone Number, Including Area Code)

August 31

Date of Fiscal Year End

November 30, 2008

Date of Reporting Period

TABLE OF CONTENTS

	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
Signatures
EX-99.CERT Certifications

Item 1. Schedule of Investments

Global Growth Portfolio as of November 30, 2008

PORTFOLIO OF INVESTMENTS (Unaudited)

Common Stocks — 90.3%

Security	Shares		Value
Aerospace & Defense — 1.2%
BE Aerospace, Inc. (1)		56,000	$	458,080
Goodrich Corp.		4,300		144,695
			$	602,775
Airlines — 0.7%
AMR Corp. (1)(2)		29,000	$	254,620
UAL Corp.		9,400		105,750
			$	360,370
Automobiles — 1.3%
Honda Motor Co., Ltd.		14,000	$	314,553
Toyota Motor Corp.		10,000		321,638
			$	636,191
Beverages — 5.2%
Central European Distribution Corp. (1)		2,055	$	48,580
Diageo PLC ADR		18,600		1,048,482
Fomento Economico Mexicano SA de C.V. ADR		22,000		605,220
Foster’s Group, Ltd.		83,800		300,755
Heckmann Corp. (1)(2)		60,000		371,400
Heineken Holding N.V.		6,500		168,672
			$	2,543,109
Capital Markets — 1.5%
Aberdeen Asset Management PLC		18,275	$	25,406
MF Global, Ltd. (1)(2)		277,000		725,740
			$	751,146
Chemicals — 7.1%
Agrium, Inc.		12,000	$	377,040
BASF SE ADR		7,000		222,600
Innophos Holdings, Inc.		18,391		303,084
Lubrizol Corp.		13,300		467,096
NewMarket Corp.		11,000		368,280
Potash Corp. of Saskatchewan, Inc.		21,483		1,324,212
Syngenta AG		1,600		287,478
Zoltek Cos., Inc. (1)(2)		12,933		104,111
			$	3,453,901
Commercial Banks — 6.0%
Banco Bilbao Vizcaya Argentaria SA ADR		12,000	$	124,440
Banco Santander Central Hispano SA ADR (2)		71,000		594,270
Barclays PLC ADR		10,400		117,000
BNP Paribas SA		4,500		249,055
BOC Hong Kong Holdings, Ltd.		189,000		219,375
Boston Private Financial Holdings, Inc.		2,786		19,251
DBS Group Holdings, Ltd.		63,000		395,444
Grupo Financiero Banorte SAB de C.V.		63,000		99,126
Mitsubishi UFJ Financial Group, Inc.		94,000		523,778
Wells Fargo & Co.		20,300		586,467
			$	2,928,206

1

Security	Shares		Value
Communications Equipment — 1.5%
Nokia Oyj ADR		13,000	$	184,210
Research In Motion, Ltd. (1)		8,326		353,605
Riverbed Technology, Inc. (1)		23,200		217,848
			$	755,663
Computers & Peripherals — 0.8%
Apple, Inc. (1)		4,400	$	407,748
			$	407,748
Construction & Engineering — 2.2%
Chicago Bridge & Iron Co. NV (2)		25,000	$	254,250
Granite Construction, Inc. (2)		10,200		437,478
Jacobs Engineering Group, Inc. (1)		5,144		230,297
Perini Corp. (1)		737		14,114
Vinci SA		4,000		161,211
			$	1,097,350
Consumer Finance — 0.9%
SLM Corp. (1)(2)		48,745	$	448,941
			$	448,941
Diversified Consumer Services — 1.3%
H&R Block, Inc.		32,000	$	612,160
			$	612,160
Diversified Financial Services — 1.6%
ING Groep N.V. ADR		35,800	$	300,004
IntercontinentalExchange, Inc. (1)		6,200		456,320
			$	756,324
Diversified Telecommunication Services — 5.4%
Deutsche Telekom AG		19,000	$	262,548
France Telecom SA ADR		39,000		1,003,470
Koninklijke KPN N.V.		54,000		744,906
Telefonica SA		30,000		607,228
			$	2,618,152
Electric Utilities — 1.7%
E.ON AG ADR (2)		14,600	$	508,810
Scottish and Southern Energy PLC		19,000		322,511
			$	831,321
Electrical Equipment — 2.7%
ABB, Ltd. ADR		31,600	$	408,588
Energy Conversion Devices, Inc. (1)(2)		10,700		299,386
First Solar, Inc. (1)(2)		4,000		499,360
GrafTech International, Ltd. (1)		15,420		103,160
			$	1,310,494
Energy Equipment & Services — 1.3%
Acergy SA ADR		38,500	$	220,220
Pride International, Inc. (1)		24,118		390,953
			$	611,173
Food Products — 3.2%
Nestle SA		29,000	$	1,049,754
Unilever PLC		21,800		499,431
			$	1,549,185
Health Care Equipment & Supplies — 1.6%
American Medical Systems Holdings, Inc. (1)(2)		19,000	$	167,200
Kinetic Concepts, Inc. (1)(2)		3,933		85,110
Thoratec Corp. (1)		22,000		550,660
			$	802,970

2

Security	Shares		Value
Health Care Providers & Services — 1.1%
DaVita, Inc. (1)		5,400	$	271,350
Fresenius Medical Care AG & Co. KGaA		6,400		278,387
			$	549,737
Household Durables — 0.4%
Desarrolladora Homex SA de CV, ADR (1)		11,000	$	177,320
			$	177,320
Industrial Conglomerates — 1.3%
Keppel Corp., Ltd.		160,000	$	449,276
Textron, Inc.		13,000		197,990
			$	647,266
Insurance — 4.8%
Allied World Assurance Holdings, Ltd./Bermuda		8,200	$	289,952
AXA SA ADR (2)		23,700		448,167
Fairfax Financial Holdings, Ltd. (2)		600		171,600
Fidelity National Financial, Inc., Class A		24,000		295,920
First American Corp.		5,672		136,241
LandAmerica Financial Group (2)		2,991		299
MetLife, Inc.		15,000		431,400
Muenchener Rueckversicherungs-Gesellschaft AG		2,500		339,304
Tokio Marine Holdings, Inc.		9,200		223,419
			$	2,336,302
Internet Software & Services — 2.1%
Ariba, Inc. (1)(2)		47,588	$	383,083
Equinix, Inc. (1)		13,900		631,199
			$	1,014,282
IT Services — 1.1%
Cognizant Technology Solutions Corp. (1)		15,000	$	288,000
Satyam Computer Services, Ltd., ADR (2)		19,000		241,870
Wright Express Corp. (1)		2,000		22,760
			$	552,630
Media — 1.0%
Central European Media Enterprises, Ltd., Class A (1)(2)		5,865	$	90,145
Liberty Entertainment, Series A (1)		33,000		391,710
			$	481,855
Metals & Mining — 1.5%
Anglo American PLC ADR		19,110	$	227,982
Companhia Vale do Rio Doce ADR		28,000		304,920
Rio Tinto PLC ADR (2)		1,800		180,000
			$	712,902
Multiline Retail — 0.6%
Big Lots, Inc. (1)(2)		18,100	$	317,112
			$	317,112
Multi-Utilities — 2.7%
National Grid PLC		50,000	$	520,311
RWE AG		7,400		620,482
Veolia Environnement		7,800		195,223
			$	1,336,016
Oil, Gas & Consumable Fuels — 6.0%
Goodrich Petroleum Corp. (1)(2)		13,543	$	488,496
Paladin Energy, Ltd. (1)		165,000		272,519
Petrohawk Energy Corp. (1)		32,500		567,775
Petroleo Brasileiro SA ADR		24,000		426,720
StatoilHydro ASA ADR		13,495		229,685
Total SA ADR		18,000		949,500
			$	2,934,695

3

Security	Shares		Value
Pharmaceuticals — 7.1%
AstraZeneca PLC ADR (2)		15,800	$	596,134
GlaxoSmithKline PLC ADR		6,900		237,636
Novartis AG ADR		25,900		1,215,228
Perrigo Co.		4,000		137,640
Roche Holding AG		2,900		406,056
Sanofi-Aventis SA		11,000		607,339
Shionogi & Co., Ltd.		11,000		241,121
			$	3,441,154
Real Estate Investment Trusts (REITs) — 0.1%
Chimera Investment Corp. REIT		15,825	$	47,159
			$	47,159
Semiconductors & Semiconductor Equipment — 1.4%
Atheros Communications, Inc. (1)		19,900	$	290,540
Cypress Semiconductor Corp. (1)(2)		74,146		276,565
Tessera Technologies, Inc. (1)		6,220		114,324
			$	681,429
Software — 3.8%
Check Point Software Technologies, Ltd. (1)		22,000	$	453,420
Concur Technologies, Inc. (1)		17,300		474,885
Nintendo Co., Ltd.		3,000		935,846
			$	1,864,151
Specialty Retail — 0.8%
Advance Auto Parts, Inc.		12,388	$	376,100
			$	376,100
Textiles, Apparel & Luxury Goods — 1.5%
Gildan Activewear, Inc. (1)(2)		42,500	$	724,200
			$	724,200
Tobacco — 1.7%
British American Tobacco PLC		31,000	$	809,675
			$	809,675
Trading Companies & Distributors — 0.8%
Mitsubishi Corp.		30,000	$	374,456
			$	374,456
Water Utilities — 1.0%
Cia de Saneamento Basico do Estado de Sao Paulo ADR (2)		22,425	$	469,131
			$	469,131
Wireless Telecommunication Services — 2.3%
Crown Castle International Corp. (1)		16,000	$	225,120
Turkcell Iletisim Hizmetleri AS ADR		47,000		647,660
Vodafone Group PLC ADR		11,500		225,170
			$	1,097,950
Total Common Stocks (identified cost $59,722,377)			$	44,022,701

Investment Funds — 2.0%

Security	Shares		Value
Capital Markets — 2.0%
SPDR Trust Series 1		10,500	$	944,475
			$	944,475

4

Security	Shares	Value
Total Investment Funds (identified cost $877,950)		$	944,475

Short-Term Investments — 26.3%

	Interest
Description	(000’s omitted)		Value
Cash Management Portfolio, 0.99% (3)	$	4,259	$	4,258,696
Eaton Vance Cash Collateral Fund, LLC, 2.12% (3)(4)		8,574		8,573,896
Total Short-Term Investments (identified cost $12,836,962)			$	12,832,592
Total Investments — 118.6% (identified cost $73,437,289)			$	57,799,768
Other Assets, Less Liabilities — (18.6)%			$	(9,048,411	)
Net Assets — 100.0%			$	48,751,357

ADR	—	American Depository Receipt
(1)		Non-income producing security.
(2)		All or a portion of this security was on loan at November 30, 2008.
(3)		Affiliated investment company available to Eaton Vance portfolios and funds which invests in high quality, U.S. dollar denominated money market instruments. The rate shown is the annualized seven-day yield as of November 30, 2008. For the fiscal year to date ended November 30, 2008, the total of securities lending income earned (excluding loan rebate fees) and interest income allocated from investments in the Eaton Vance Cash Collateral Fund, LLC was $92,693 and net income allocated from the investment in Cash Management Portfolio was $8,530.
(4)		The investment in Eaton Vance Cash Collateral Fund, LLC includes the value of invested cash collateral received for securities on loan at November 30, 2008. Other Assets, Less Liabilities includes an equal and offsetting liability of the Portfolio to repay collateral amounts upon the return of loaned securities plus realized and unrealized losses, if any, on the amount invested. As of November 30, 2008, the Portfolio loaned securities having a market value of $8,002,416 and received $8,569,337 of cash collateral for the loans. At November 30, 2008, the investment in Eaton Vance Cash Collateral Fund, LLC also includes $54,572 of cash collateral received on security loans that were terminated with the counterparty, for which the repayment obligations were settled by the Portfolio using other available cash.

5

Country Concentration of Portfolio

	Percentage
Country	of Net Assets			Value
United States		31.7	%	$	15,462,291
United Kingdom		9.9			4,809,739
France		7.4			3,613,965
Switzerland		6.9			3,367,104
Canada		6.1			2,950,657
Japan		6.0			2,934,811
Germany		4.6			2,232,131
Netherlands		3.0			1,467,832
Spain		2.7			1,325,938
Brazil		2.5			1,200,771
Bermuda		2.3			1,105,837
Mexico		1.8			881,666
Singapore		1.7			844,720
Turkey		1.3			647,660
Australia		1.2			573,274
Israel		0.9			453,420
Norway		0.9			449,905
India		0.5			241,870
Hong Kong		0.5			219,375
Finland		0.4			184,210
Long-Term Investments		92.3	%	$	44,967,176
Short-Term Investments				$	12,832,592
Total Investments				$	57,799,768

6

The Portfolio did not have any open financial instruments at November 30, 2008.

The cost and unrealized appreciation (depreciation) of investments of the Portfolio at November 30, 2008, as determined on a federal income tax basis, were as follows:

Aggregate cost	$	73,688,912
Gross unrealized appreciation	$	802,029
Gross unrealized depreciation		(16,691,173	)
Net unrealized depreciation	$	(15,889,144	)

The Portfolio adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective September 1, 2008. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is 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.)

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

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

At November 30, 2008, the inputs used in valuing the Portfolio’s investments, which are carried at value, were as follows:

		Investments in
	Valuation Inputs	Securities
Level 1	Quoted Prices	$	32,503,416
Level 2	Other Significant Observable Inputs		25,296,352
Level 3	Significant Unobservable Inputs		—
Total		$	57,799,768

The Portfolio held no investments or other financial instruments as of August 31, 2008 whose fair value was determined using Level 3 inputs.

The Portfolio may invest in Cash Management Portfolio (Cash Management) and Eaton Vance Cash Collateral Fund, LLC (Cash Collateral Fund), affiliated investment companies managed by Boston Management and Research and Eaton Vance Management, respectively. Cash Management and Cash Collateral Fund normally value their investment securities utilizing the amortized cost valuation technique in accordance with Rule 2a-7 of the 1940 Act. This technique involves initially valuing a portfolio security at its cost and thereafter assuming a constant amortization to maturity of any discount or premium. If amortized cost is determined not to approximate fair value, Cash Management and Cash Collateral Fund may value their investment securities based on available market quotations provided by a pricing service. At November 30, 2008, Cash Collateral Fund valued its investments based on available market quotations.

For information on the Portfolio’s policy regarding the valuation of other investments and other significant accounting policies, please refer to the Portfolio’s most recent financial statements included in its semiannual or annual report to shareholders.

7

Item 2. Controls and Procedures

(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.

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, thereunto duly authorized.

Global Growth Portfolio

By:	/s/ Duncan W. Richardson
	Duncan W. Richardson President
Date:	January 23, 2009

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/ Duncan W. Richardson
	Duncan W. Richardson President
Date:	January 23, 2009
By:	/s/ Barbara E. Campbell
	Barbara E. Campbell Treasurer
Date:	January 23, 2009

EX-99.CERT

Global Growth Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Duncan W. Richardson, certify that:

1. I have reviewed this report on Form N-Q of Global Growth Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

     (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

     (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

     (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

     (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

     (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

     (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Duncan W. Richardson
	Duncan W. Richardson President
Date:	January 23, 2009

Global Growth Portfolio

Certification
Pursuant to Rule 302 of the Sarbanes-Oxley Act of 2003

I, Barbara E. Campbell, certify that:

1. I have reviewed this report on Form N-Q of Global Growth Portfolio;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is being filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

     (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

     (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

     (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

     (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officers and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

     (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

     (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Barbara E. Campbell
	Barbara E. Campbell Treasurer
Date:	January 23, 2009