UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549




SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*

Global Power Equipment Group
(Name of Issuer)

COMMON STOCK
(Title of Class Securities)

37941P108
(CUSIP Number)

December 31, 2001
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule
is filed:

X	Rule 13d-1(b)
	Rule 13d-1(c)
	Rule 13d-1(d)





*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).















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CUSIP No. 37941P108
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
PPM America, Inc.

2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a)
(b)

3.
SEC Use Only

4.
Citizenship or Place of Organization
Delaware

5.
Sole Voting Power
4,744,622

6.
Shared Voting Power
None

7.
Sole Dispositive Power
4,744,622

8.
Shared Dispositive Power
None

9.
Aggregate Amount Beneficially Owned by Each Reporting Person
4,744,622

10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
NOT APPLICABLE

11.
Percent of Class Represented by Amount in Row (9)
10.8%

12.
Type of Reporting Person (See Instructions)
IA






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Item 1.
a. Name of Issuer:
Global Power Equipment Group

b. Address of Issuer's Principal Executive Offices:
6120 South Yale Suite 1480
Tulsa, OK 74136

Item 2.
a. Name of Person Filing:
1. PPM America, Inc. ("PPM")

a. Address of Principal Business Office or, if none, Residence:
225 West Wacker Drive, Suite 1200
Chicago, IL 60606

b. Citizenship:
Delaware

c. Title of Class of Securities:
Common Stock

d. CUSIP Number:
37941P108

Item 3.	Type of Person:

e. PPM is an investment adviser in accordance with Rule 13d-1(b)
(1)(ii)(E). All of the securities covered by this report are owned
legally by JNL, PPM's investment advisory client, and none are owned
directly or indirectly by PPM. As permitted by Rule 13d-4, the filing of
this statement shall not be construed as an admission that PPM is the
beneficial owner of any of the securities covered by this statement.

Item 4.	Ownership (at December 31, 2001):

(a)	Amount beneficially owned: 4,744,622

(b)	Percent of class: 10.8%

(c)	Number of shares as to which the person has:

(i)	Sole power to vote or to direct the vote: 4,744,622

(ii)	Shared power to vote or to direct the vote: -0-

(iii) Sole power to dispose or to direct the disposition of: 4,744,622

(iv)	Shared power to dispose or to direct the disposition of: -0-

Item 5.	Ownership of Five Percent or Less of a Class

		Not Applicable.

  4

Item 6.	Ownership of More than Five Percent on Behalf of Another Person

		Not applicable.

Item 7.	Identification and Classification of the Subsidiary Which Acquired
	 	the Security Being Reported on By the Parent Holding Company

		Not applicable.

Item 8.	Identification and Classification of Members of the Group

		Not applicable.

Item 9.	Notice of Dissolution of Group

		Not applicable.



Item 10.	Certification:

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of
changing
or influencing the control of the issuers of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.



Date: February 12, 2002

PPM America, Inc.
By: /s/ Drew Ahrens
		Drew Ahrens
		Vice President - Compliance