PAGE 1 000 B000000 02/28/2006 000 C000000 0001332943 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY 001 B000000 811-21786 001 C000000 8009920180 002 A000000 7337 E DOUBLETREE RANCH RD 002 B000000 SCOTTSDALE 002 C000000 AZ 002 D010000 85258 002 D020000 2034 003 000000 Y 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 ING INVESTMENTS,LLC 008 B000001 A 008 C000001 801-48282 008 D010001 SCOTTSDALE 008 D020001 AZ 008 D030001 85258 008 D040001 2034 008 A000002 ING INVESTMENT MANAGEMENT CO. 008 B000002 S 008 C000002 801-9046 008 D010002 NEW YORK 008 D020002 NY 008 D030002 10169 010 A000001 ING FUNDS SERVICES, LLC 010 C010001 SCOTTSDALE 010 C020001 AZ 010 C030001 85258 010 C040001 2034 PAGE 2 011 A000001 ING FUNDS DISTRIBUTOR, LLC 011 B000001 8-48020 011 C010001 SCOTTSDALE 011 C020001 AZ 011 C030001 85258 011 C040001 2034 012 A000001 DST SYSTEMS, INC. 012 B000001 84-448 012 C010001 KANSAS CITY 012 C020001 MO 012 C030001 64141 012 C040001 9368 013 A000001 KPMG LLP 013 B010001 LOS ANGELES 013 B020001 CA 013 B030001 90071 014 A000001 BANCNORTH INVESTMENT GROUP, INC 014 B000001 8-00000000 014 A000002 BANK MENDES GANS N.V. 014 B000002 8-00000000 014 A000003 BLEAKLEYS LIMITED 014 B000003 8-00000000 014 A000004 CHARTERHOUSE SECURITIES LTD. 014 B000004 8-00000000 014 A000005 COMPULIFE INVESTOR SERVICES 014 B000005 8-00000000 014 A000006 DIRECTED SERVICES, INC. 014 B000006 8-00000000 014 A000007 EQUISURE FINANCIAL NETWORK, INC. 014 B000007 8-00000000 014 A000008 EQUISURE SECURITIES LTD. 014 B000008 8-00000000 014 A000009 EVANGELINE SECURITIES LIMITED 014 B000009 8-00000000 014 A000010 EXTRA CLEARING B.V. 014 B000010 8-00000000 014 A000011 EXTRA CLEARING GMBH 014 B000011 8-00000000 014 A000012 FINANCIAL NETWORK INVESTMENT CORPORATION 014 B000012 8-00000000 014 A000013 FINPLUS SP.Z.O.O. 014 B000013 8-00000000 014 A000014 FUNDIX B.V. 014 B000014 8-00000000 014 A000015 GUARANTY BROKERAGE SERVICES, INC. 014 B000015 8-00000000 014 A000016 HEINE SECURITIES PTY LTD. 014 B000016 8-00000000 014 A000017 ING AMERICA EQUITIES, INC. 014 B000017 8-00000000 014 A000018 ING BANK (FRANCE) S.A. PAGE 3 014 B000018 8-00000000 014 A000019 ING BANK FONDSEN BEHEER B.V. 014 B000019 8-00000000 014 A000020 ING BANK N.V. 014 B000020 8-00000000 014 A000021 ING BANK SLASKI S.A. 014 B000021 8-00000000 014 A000022 ING BANK UKRAINE 014 B000022 8-00000000 014 A000023 ING BARING CAPITAL MARKETS (C.R.), A.S. 014 B000023 8-00000000 014 A000024 ING BARING ERTEKPAPIR (MAGYARORSZAG) RT. 014 B000024 8-00000000 014 A000025 ING BARING GRUPO FINANCIERO (MEXICO) S.A. DE 014 B000025 8-00000000 014 A000026 ING BARING INVESTMENT (EURASIA) ZAO 014 B000026 8-00000000 014 A000027 ING BARING OPERATIONAL SERVICES (TAIWAN) LIM 014 B000027 8-00000000 014 A000028 ING BARING SECURITIES (EURASIA) ZAO 014 B000028 8-00000000 014 A000029 ING BARING SECURITIES (OVERSEAS) LTD. 014 B000029 8-00000000 014 A000030 ING BARING SECURITIES (POLAND) HOLDING B.V. 014 B000030 8-00000000 014 A000031 ING BARING SECURITIES (ROMANIA) S.A. 014 B000031 8-00000000 014 A000032 ING BARING SECURITIES (SLOVAKIA), O.C.P.A.S. 014 B000032 8-00000000 014 A000033 ING BARING SECURITIES ARGENTINA S.A. 014 B000033 8-00000000 014 A000034 ING BARINGS DEUTSCHLAND (GMBH) 014 B000034 8-00000000 014 A000035 ING BARINGS ECUADOR CASA DE VALORES S.A. 014 B000035 8-00000000 014 A000036 ING BARINGS ITALIA SRL 014 B000036 8-00000000 014 A000037 ING BARINGS LIMITED 014 B000037 8-00000000 014 A000038 ING BELGIQUE S.A. 014 B000038 8-00000000 014 A000039 ING DERIVATIVES (LONDON) LIMITED 014 B000039 8-00000000 014 A000040 ING DIRECT FUNDS LIMITED 014 B000040 8-00000000 014 A000041 ING DIRECT SECURITIES, INC. 014 B000041 8-00000000 014 A000042 ING FINANCIAL ADVISERS, LLC 014 B000042 8-00000000 014 A000043 ING FINANCIAL MARKETS AV 014 B000043 8-00000000 PAGE 4 014 A000044 ING FINANCIAL MARKETS LLC 014 B000044 8-00000000 014 A000045 ING FINANCIAL PARTNERS, INC. 014 B000045 8-00000000 014 A000046 ING FUND MANAGEMENT B.V. 014 B000046 8-00000000 014 A000047 ING FUNDS DISTRIBUTOR, LLC 014 B000047 8-00000000 014 A000048 ING FUTURES & OPTIONS (U.K.) LIMITED 014 B000048 8-00000000 014 A000049 ING INVESTMENT MANAGEMENT (EUROPE) B.V. 014 B000049 8-00000000 014 A000050 ING INVESTMENT MANAGEMENT B.V. 014 B000050 8-00000000 014 A000051 ING INVESTMENT MANAGEMENT SERVICES LLC 014 B000051 8-00000000 014 A000052 ING LUXEMBOURG S.A. 014 B000052 8-00000000 014 A000053 ING MANAGEMENT LIMITED 014 B000053 8-00000000 014 A000054 ING SECURITIES (INDIA) PVT. LTD. 014 B000054 8-00000000 014 A000055 ING SECURITIES S.A. 014 B000055 8-00000000 014 A000056 ING SOCIEDAD DE BOLSA (ARGENTINA), S.A. 014 B000056 8-00000000 014 A000057 ING VALORES (VENEZUELA) C.A. 014 B000057 8-00000000 014 A000058 MC-BBL SECURITIES LTD. 014 B000058 8-00000000 014 A000059 PRIMEVEST FINANCIAL SERVICES, INC. 014 B000059 8-00000000 014 A000060 SYSTEMATIZED BENEFITS ADMINISTRATORS, INC. 014 B000060 8-00000000 014 A000061 WESTLAND UTRECHT EFFECTENBANK N.V. 014 B000061 8-00000000 014 A000062 WILLIAMS DE BROE SECURITIES LTD. 014 B000062 8-00000000 015 A000001 THE BANK OF NEW YORK 015 B000001 C 015 C010001 LAKE MARY 015 C020001 FL 015 C030001 32746 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 214 019 C000000 ING--FUNDS 020 A000001 MORGAN STANLEY & CO., INC. 020 B000001 94-1671384 020 C000001 84 PAGE 5 020 A000002 GOLDMAN SACHS & CO. 020 B000002 13-5108880 020 C000002 69 020 A000003 GABELLI & CO., INC. 020 B000003 13-2885006 020 C000003 29 020 A000004 SALOMON SMITH BARNEY 020 B000004 13-1912900 020 C000004 26 020 A000005 DEUTSCHE BANK AG 020 B000005 13-2518466 020 C000005 16 020 A000006 UBS AG 020 B000006 13-2932996 020 C000006 13 020 A000007 MERRILL LYNCH & CO., INC. 020 B000007 13-5674085 020 C000007 8 020 A000008 J.P. MORGAN CHASE SECURITIES, INC. 020 B000008 36-2669770 020 C000008 5 020 A000009 STATE STREET BANK & TRUST 020 B000009 04-1867445 020 C000009 2 020 A000010 BEAR STEARNS & CO., INC. 020 B000010 13-3299429 020 C000010 2 021 000000 258 022 A000001 MORGAN STANLEY & CO., INC. 022 B000001 94-1671384 022 C000001 654119 022 D000001 0 022 A000002 DONALDSON LUFKIN & JENRETTE, INC. (DLJ) 022 B000002 13-1898818 022 C000002 417038 022 D000002 0 022 A000003 THE BANK OF NEW YORK 022 B000003 13-5160382 022 C000003 7563 022 D000003 26026 022 A000004 UBS AG 022 B000004 13-2932996 022 C000004 9782 022 D000004 4055 022 A000005 DEUTSCHE BANK AG 022 B000005 13-2518466 022 C000005 1004 022 D000005 2827 022 A000006 GOLDMAN SACHS & CO. 022 B000006 13-5108880 022 C000006 2624 PAGE 6 022 D000006 3356 022 A000007 MERRILL LYNCH & CO., INC. 022 B000007 13-5674085 022 C000007 1693 022 D000007 1176 022 A000008 ABN AMRO BANK N.V. 022 B000008 13-3227945 022 C000008 1186 022 D000008 1220 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 1104009 023 D000000 38660 024 000000 Y 025 A000001 BANK OF AMERICA CORP. 025 B000001 56-2058405 025 C000001 E 025 D000001 3572 025 A000002 DEUTSCHE BANK AG 025 B000002 13-2518466 025 C000002 E 025 D000002 1103 025 A000003 UBS AG 025 B000003 13-2932996 025 C000003 E 025 D000003 2240 025 A000004 GOLDMAN SACHS GROUP, INC. 025 B000004 13-5108880 025 C000004 E 025 D000004 1088 025 A000005 JP MORGAN CHASE & CO. 025 B000005 36-2669770 025 C000005 E 025 D000005 2431 025 A000006 MERRILL LYNCH & CO. 025 B000006 13-5674085 025 C000006 E 025 D000006 2733 025 A000007 MORGAN STANLEY & CO. 025 B000007 94-1671384 025 C000007 E 025 D000007 2565 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N PAGE 7 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 PAGE 8 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 Y 048 000000 0.750 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 Y 053 B000000 N 053 C000000 N 054 A000000 Y 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 Y 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 Y 055 A000000 N PAGE 9 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 1000 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 F000000 Y 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 Y 070 B010000 Y 070 B020000 N 070 C010000 N 070 C020000 N 070 D010000 Y 070 D020000 Y 070 E010000 Y 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 N PAGE 10 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 486532 071 B000000 147917 071 C000000 362903 071 D000000 41 072 A000000 4 072 B000000 161 072 C000000 2006 072 D000000 0 072 E000000 0 072 F000000 873 072 G000000 116 072 H000000 0 072 I000000 21 072 J000000 57 072 K000000 17 072 L000000 17 072 M000000 7 072 N000000 21 072 O000000 0 072 P000000 0 072 Q000000 0 072 R000000 14 072 S000000 14 072 T000000 0 072 U000000 70 072 V000000 0 072 W000000 8 072 X000000 1235 072 Y000000 70 072 Z000000 1002 072AA000000 0 072BB000000 37 PAGE 11 072CC010000 23073 072CC020000 0 072DD010000 2799 072DD020000 0 072EE000000 0 073 A010000 0.1550 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 134 074 B000000 840 074 C000000 0 074 D000000 0 074 E000000 1856 074 F000000 365350 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 997 074 K000000 0 074 L000000 617 074 M000000 0 074 N000000 369794 074 O000000 0 074 P000000 116 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 3262 074 R040000 1042 074 S000000 0 074 T000000 365374 074 U010000 18055 074 U020000 0 074 V010000 20.24 074 V020000 0.00 074 W000000 0.0000 074 X000000 15 074 Y000000 0 075 A000000 0 075 B000000 351302 076 000000 18.61 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N PAGE 12 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 CHUBB GROUP OF INSURANCE COMPANIES 080 C000000 25000 081 A000000 Y 081 B000000 174 082 A000000 Y 082 B000000 25 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 N 085 B000000 N 086 A010000 18050 086 A020000 344033 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 44982N109 087 A030000 XINGX 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE TODD MODIC TITLE CFO