NOTES TO FINANCIAL STATEMENTS
NOVEMBER 30, 1998
Delaware Group Global & International Funds, Inc. (the "Fund") is registered as a Maryland corporation and
offers six series: the International Equity Series, the Global Bond Series, the Global Equity Series (formerly the
Global Assets Series), the Emerging Markets Series, the Global Opportunities Series (formerly the Global Equity
Series) and the International Small Cap Series. These financial statements and the related notes pertain to the
Global Opportunities Series and the International Small Cap Series (the "Series"). The Global Opportunities
Series and the International Small Cap Series are registered as diversified open-end investment companies under
the Investment Company Act of 1940, as amended. Each Series offers four classes of shares. The A Class
carries a front-end sales charge of 5.75%. The B Class carries a back-end deferred sales charge, the C Class
carries a level load sales charge and the Institutional Class has no sales charge. As of November 30, 1998, only
the A and Institutional Classes have commenced operations.
The investment objective of each Series is as follows:
Global Opportunities Series: To seek long-term growth without undue risk to principal by investing primarily in
U.S. and foreign equity securities with the potential for capital appreciation and income.
International Small Cap Series: To seek long-term capital appreciation by investing primarily in equity securities of
small non-U.S. companies which may include companies located or operating in established or emerging
1. Significant Accounting Policies
The following accounting policies are in accordance with generally accepted accounting principles and are
consistently followed by the Fund.
Security Valuation - Securities listed on an exchange are valued at the last quoted sales price as of the close of
the NYSE on the valuation date. Securities not traded or securities not listed on an exchange are valued at the
mean of the last quoted bid