PRESS RELEASE                                 SOURCE:  First Trust Advisors L.P.

First Trust Advisors L.P. Announces Portfolio Manager Update Call for First
Trust/Aberdeen Global Opportunity Income Fund and First Trust/Aberdeen Emerging
Opportunity Fund

WHEATON, IL -- (BUSINESS WIRE) -- January 5, 2010 -- First Trust Advisors L.P.
("FTA") announced today that First Trust/Aberdeen Global Opportunity Income Fund
(NYSE: FAM) and First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO)
intend to host a conference call with Aberdeen Asset Management Inc.
("Aberdeen"), each Fund's investment sub-advisor, on Friday, January 8, 2010, at
10:00 A.M. Eastern Time. The purpose of the call is to hear the Funds' portfolio
management team provide an update for each Fund.

- --  Dial-in Numbers: (800) 309-9067; Passcode # 49658260. Please call 10 to 15
    minutes before the scheduled start of the teleconference.

- --  Telephone Replay: (800) 642-1687; Passcode # 49658260. The replay will be
    available from 11:15 P.M. Eastern Time on Friday, January 8, 2010 until
    11:59 P.M. Eastern Time on Monday, February 8, 2010.

FTA has served as each Fund's investment advisor since each Fund's inception.
FTA, along with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including asset
management, financial advisory services, and municipal and corporate investment
banking, with collective assets under management or supervision of over $25
billion as of November 30, 2009 through closed-end funds, unit investment
trusts, mutual funds, separate managed accounts and exchanged-traded funds.

Each Fund's daily closing New York Stock Exchange price and net asset value per
share as well as other information can be found at www.ftportfolios.com or by
calling (800) 988-5891.

CONTACT:  JEFF MARGOLIN - (630) 915-6784

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Source:  First Trust Advisors L.P.