PAGE 1
000 B000000 02/29/2008
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 N
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 MERRILL LYNCH, PIERCE, FENNER & SMITH
011 B000001 8-07221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
012 A000001 THE BANK OF NEW YORK MELLON CORPORATION
012 B000001 84-0000000
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10286
013 A000001 KPMG LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
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. 1)
014 B000007 8-00000000
014 A000008 EQUISURE SECURITIES LTD. 1)
014 B000008 8-00000000
014 A000009 EVANGELINE SECURITIES LIMITED 1)
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.
014 B000018 8-00000000
014 A000019 ING BANK FONDSEN BEHEER B.V.
PAGE 3
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) LIMD
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
014 A000044 ING FINANCIAL MARKETS LLC
014 B000044 8-00000000
PAGE 4
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 MELLON CORPORATION
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 211
019 C000000 ING--FUNDS
020 A000001 SALOMON SMITH BARNEY
020 B000001 13-1912900
020 C000001 94
020 A000002 MERRILL LYNCH & CO., INC.
020 B000002 13-5674085
PAGE 5
020 C000002 71
020 A000003 CS FIRST BOSTON CORP.
020 B000003 #N/A
020 C000003 62
020 A000004 GABELLI & CO., INC.
020 B000004 13-2885006
020 C000004 49
020 A000005 UBS AG
020 B000005 13-2932996
020 C000005 33
020 A000006 INVESTMENT TECHNOLOGY GROUP, INC.
020 B000006 95-2848406
020 C000006 27
020 A000007 BEAR STEARNS & CO., INC.
020 B000007 13-3299429
020 C000007 24
020 A000008 LEHMAN BROTHERS, INC.
020 B000008 13-2518466
020 C000008 23
020 A000009 MORGAN STANLEY & CO., INC.
020 B000009 94-1671384
020 C000009 21
020 A000010 ABN AMRO BANK N.V.
020 B000010 13-3227945
020 C000010 18
021 000000 546
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 248487
022 D000001 63007
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 94-1671384
022 C000002 139246
022 D000002 1147
022 A000003 THE BANK OF NEW YORK MELLON CORPORATION
022 B000003 13-5160382
022 C000003 48622
022 D000003 50522
022 A000004 DEUTSCHE BANK AG
022 B000004 13-2518466
022 C000004 52471
022 D000004 3344
022 A000005 SALOMON SMITH BARNEY.
022 B000005 13-1912900
022 C000005 23870
022 D000005 21786
022 A000006 LEHMAN BROTHERS, INC.
022 B000006 13-2518466
022 C000006 21235
022 D000006 20047
022 A000007 UBS AG
PAGE 6
022 B000007 13-2932996
022 C000007 15363
022 D000007 12953
022 A000008 CITIGROUP, INC.
022 B000008 11-2418191
022 C000008 14329
022 D000008 9425
022 A000009 MERRILL LYNCH & CO., INC.
022 B000009 13-5674085
022 C000009 5253
022 D000009 12332
022 A000010 ABN AMRO BANK N.V.
022 B000010 13-3227945
022 C000010 4496
022 D000010 4622
023 C000000 659165
023 D000000 269481
024 000000 Y
025 A000001 BANK OF AMERICA CORP.
025 B000001 56-2058405
025 C000001 E
025 D000001 651
025 A000002 BARCLAYS PLC
025 B000002 13-3551367
025 C000002 E
025 D000002 264
025 A000003 CREDIT SUISSE GROUP
025 B000003 13-5659485
025 C000003 E
025 D000003 348
025 A000004 DEUTSCHE BANK AG
025 B000004 13-2518466
025 C000004 E
025 D000004 1219
025 A000005 GOLDMAN SACHS GROUP, INC.
025 B000005 13-5108880
025 C000005 E
025 D000005 2663
025 A000006 LEHMAN BROTHERS HOLDINGS, INC.
025 B000006 13-2518466
025 C000006 E
025 D000006 611
025 A000007 MERRILL LYNCH & CO.
025 B000007 13-5674085
025 C000007 E
025 D000007 227
025 A000008 MORGAN STANLEY & CO.
025 B000008 94-1671384
025 C000008 E
025 D000008 315
025 A000009 UBS AG
PAGE 7
025 B000009 13-2932996
025 C000009 E
025 D000009 1150
025 A000010 PRUDENTIAL FINANCIAL, INC.
025 B000010 22-2347336
025 C000010 E
025 D000010 1393
025 A000011 J.P. MORGAN CHASE
025 B000011 22-2347336
025 C000011 E
025 D000011 1312
025 A000012 THE BANK OF NEW YORK MELLON CORP.
025 B000012 13-5160382
025 C000012 E
025 D000012 934
025 A000013 BEAR STEARNS & CO., INC.
025 B000013 13-3299429
025 C000013 E
025 D000013 638
025 A000014 CITIGROUP, INC.
025 B000014 11-2418191
025 C000014 E
025 D000014 376
025 A000015 DEUTSCHE BANK AG
025 B000015 13-2518466
025 C000015 D
025 D000015 373
025 D000016 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
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
PAGE 8
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
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
PAGE 9
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 Y
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 Y
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
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
PAGE 10
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 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 Y
066 G000000 N
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 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
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
PAGE 11
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 735978
071 B000000 778450
071 C000000 379954
071 D000000 194
072 A000000 12
072 B000000 317
072 C000000 8856
072 D000000 0
072 E000000 0
072 F000000 2852
072 G000000 380
072 H000000 0
072 I000000 22
072 J000000 172
072 K000000 49
072 L000000 40
072 M000000 7
072 N000000 24
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 45
072 S000000 45
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 37
072 X000000 3673
072 Y000000 3
072 Z000000 5503
072AA000000 29243
072BB000000 0
072CC010000 0
072CC020000 42771
072DD010000 0
072DD020000 0
072EE000000 43760
073 A010000 0.0000
073 A020000 0.0000
073 B000000 2.4053
073 C000000 0.5688
074 A000000 980
074 B000000 0
074 C000000 0
PAGE 12
074 D000000 0
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 2650
074 K000000 0
074 L000000 885
074 M000000 329758
074 N000000 334273
074 O000000 1738
074 P000000 100
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 8160
074 S000000 0
074 T000000 324275
074 U010000 18231
074 U020000 0
074 V010000 17.79
074 V020000 0.00
074 W000000 0.0000
074 X000000 16325
074 Y000000 0
075 A000000 0
075 B000000 380100
076 000000 16.73
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
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 FEDERAL INSURANCE COMPANY
PAGE 13
080 B000000 ST. PAUL FIRE AND MARINE INSURANCE CO.
080 C000000 30000
081 A000000 Y
081 B000000 180
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 46
086 B020000 994
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 XIGAX
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE TODD MODIC
TITLE CFO