AIG INTERNATIONAL MANAGEMENT CO INC/CT
13F-HR, 1999-08-04
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FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if amendment:         Amendment Number:

This amendment (check only one): Is a restatement.
                                 Adds new holdings entries.

Name of Institutional Investment Manager:
Name: AIG International Management Company, Inc.
Business Address: 1281 East Main Street
                  Stamford, Connecticut 06902
13F File Number:  28-5794

The institutional investments manager submitting this report
and the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete,
and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of
this form.

Person signing this report on Behalf of the Reporting Manager:

Name:      Barbara Burger
Title:     Counsel/Vice President
Phone:     203-324-8400

Signature, Place, and Date of Signing:
/s/ Barbara Burger, Stamford, Connecticut, 8/4/99

Report Type (Check only one)

[X ]  13F Holding Report
[  ]  13F Notice
[  ]  13F Combination Report

List of other Managers Reporting for this Manager:
None

I AM SIGNING THIS REPORT AS REQUIRED BY THE
SECURITIES EXCHANGE ACT OF 1934.

FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:  0
Form 13F Information Table Entry Total: 201
Form 13F Information Table Value Total: 1,573,891 (X1000)
List of other Included Managers:   None

FORM 13F INFORMATION TABLE

Name of Issuer   Title of Class	  CUSIP    Fair Market
Shares Amount   Investment Discretion   Other Mngers   Voting Authority

800 TRAVEL SYSTEM WT EXP 011403 282506112	$124,250
99,400 Sole None Sole
ADAPTIVE BROADBAND CORP	DEB CONV 5.25%3	00650MAA3	$754,057
813,000 Sole None Sole
ADELPHIA COMMUNICATION CORP	PFD C SER D	006848402	$2,961,158
15,000 Sole	None Sole
AES CORP	WT EXP 073100	00130H113	$4,874,010
55,500 Sole None	Sole
AIRTOUCH COMMUNICATIONS INC	PFD C CV 4.25%	00949T308	$67,996,301
458,686 Sole None Sole
ALKERMES INC	PFD CV EX$3.25	01642T405	$945,000
20,000 Sole	None	Sole
ALZA CORP DEL	SUB LYON ZERO 14	022615AC2	$38,933,293
58,704,00 Sole	None Sole
ALZA CORP DEL	SUB DB CONV 5%06	022615AD0	$1,544,275
1,115,000 Sole	None Sole
AMERICA ONLINE INC DEL	SUB NT CON 4%02	02364JAB0	$70,901,603
8,408,000 Sole	None Sole
AMERICAN BANKERS INS GRP INC	PFD B CV$3.125	24456204	$43,439,432
397,675 Sole	None	Sole
AMERICAN GENERAL CORP	PFD CONV 7%	26351809	$3,765,749
59,500 Sole None Sole
AMERICAN GEN DEL LLC	MIPS SER A	02637G200	$1,181,814
12,490 Sole	None Sole
AMF BOWLING INC	DBCV ZERO 144A18	03113VAA7	$2,040,875
14,075,000 Sole	None	Sole
AMF BOWLING INC	DEB CV ZER0 18	03113VAB5	$565,500
3,900,000 Sole	None Sole
APACHE CORP	ACES C DP1/50	37411600	$1,670,100
45,60	 Sole	None Sole
APPLIED MAGNETICS CP DEL	SUB DB CONV7%06	038213AA2	$748,695
2,627,000 Sole	None Sole
APP FIN VI MAURITIUS LTD	LYONS NT ZE	00202NAA3	$1,592,757
8,649,00	 Sole	None	Sole
AQUA ALLIANCE INC	WT EXP 031101	38367116	$6,227
49,81	 Sole 	None Sole
ARGOSY GAMING CO  	B NT CONV	12%01 040228AB4 $36,596,580
35,879,000 Sole	None	Sole
ARIS CORP  WT EXP 021	00 04040A119 $7,725
41,200 Sole None	Sole
ARMCO INC  PFD CVA $3.625 042170407	$1,005,000
20,000 Sole	None	Sole
ASSISTED LIVING CONCEPTS INC 	B DB CV 6	02 04543LAD1 $90,304
166,000 Sole None Sole
AT HOME CORP  SB DB CV 1	4A 045919A5 $3,802,794
4,850,00	 Sole	None	Sole
BANKATLANTIC BANCORP	SB DB CV 6.75%06 065908AB15 $6,403,144
5,517,00	 Sole None	Sole
BENTLEY PHARMACEUTICALS INC	SRSB DB CV	12%06 082657AB3 $294,000
245,000 Sole	None	Sole
BENTLEY PHARMACEUTICALS INC	WT EXP 02	301 082657123	$16,031
85,500 Sole	None	Sole
BONSO ELECTRS INTL INC	WT EXP 12	599 098529126	$2,516
11,500 Sole	None	Sole
C-CUBE MICROSYSTEMS INC	SBNT CV 5.875%05 125015AA5 $356,400
324,000 Sole	None Sole
C21 SOLUTIONS INC	WT EXP 110402 12652N113 $6,600
11,000 Sole		None	Sole
CAREMATRIX CORP	SUB NT CV	144A04 141706AA9 $174,375
250,000 Sole	None Sole
CAREMATRIX CORP	SB NT CV 6.2504 141706AC5 $1,953,698
2,801,000 Sole None	Sole
CHARMING SHOPPES INC SB NT CV 7.5%06 161133AA1 $2,148,755
2,117,000 Sole	None Sole
CHANCELLOR MEDIA C	PFD CONV 7% 158915306 $15,050,029
98,160 Sole	None Sole
CHECKPOINT SYS INC	SB DB CV 5.25%05 162825AB9 $112,875
150,000 Sole	None Sole
CHESAPEAKE ENERGY CORP	PFD CONV 7% 165167305 $1,267,081
47,800 Sole	None	Sole
CHIQUITA BRANDS INC	PFD A NON	VTG 170032403 $627,900
18,200 Sole	None	Sole
CHOCK FULL O NUTS	CORP SUB DEB CV	7%12 170268AC0	$4,729,672
3,759,000 Sole	None	Sole
CHOCK FULL O NUTS	corp SUB DEB CV	8%06 170268AB2	$1,562,175
1,170,000 Sole None	Sole
CITIZEN UTILS TR	PFD EPPICS	CV 177351202	$1,056,000
22,000 	Sole None	Sole
CNET INC	SB NT CV 144A 125945AA3 	$5,040,000
3,000,000 Sole None	Sole
COEUR D ALENE MINES CORP IDAHO 	MARCS	192108207	$544,800
90,800 Sole	None	Sole
COLONIAL BANCGROUP INC	SUB DB CV	7.5%11 195493AA9	$477,857
240,000 Sole	None Sole
COMVERSE TECHNOLOG	SB DB CV 5.75%06 205862AE5	$49,073,887
19,725,000 Sole	None Sole
CONSECO INC	COM	208464107	$1,107,012
36,370 Sole None Sole
COSTCO COMPANIES INC	SB NT CV ZERO 17 22160QAC6	$2,020,070
2,132,000 Sole	None	Sole
CRESENT REAL ESTATE EQUITIES	PFD CV A 6.75% 225756204	$377,468
22,000 Sole	None	Sole
CROSS TIMBERS OIL CO	PFD CV SER	A 227573201	$2,656,571
77,720 Sole	None	Sole
CROWN CORK &SEAL INC	PFD CV4.0%  228255303	 $1,718,705
65,100 Sole None	Sole
CYPRESS SEMICONDUC CORP	SUB NT CONV 6%02 232806AD1	$498,750
500,000 Sole	None Sole
CYTOCLONAL PHARMACAUTICALS INC	WT C EX 110100 23282G113 $42,513
17,900 Sole	None	Sole
DANKA BUSINESS SYS	PLC SUBNT CV 6.75%02 236277AB5	$321,600
536,000 Sole	None Sole
DENTAL MED DIAGNOT	SYS WT EXP 050802 24873K117	$127,650
44,400 	Sole	None Sole
DEPOMED INC	WT EXP 112502 249908112	$27,900
27,900 Sole	None Sole
DEVELOPERS DIVERSIFIED RLTY CO SUB DB CONV7%99 251591AA1 $5,584,500
5,475,000 Sole	None Sole
DRS TECHNOLOGIES INC	SR SB DB CV9%03 23330XAB6	$214,711
181,000 Sole	None Sole
EAGLE SUPPLY GROUP	WT EXP 05103 269894119 $26,031
24,500 Sole None Sole
ECHOSTAR COMMUNICA	PFD CV SER	C 278762307 	$122,613,715
389,100 Sole	None	Sole
EMC CORP	SB NT CV	3.25%02 26865YAA2	$109,487,235
22,532,000 Sole	None Sole
EMCOR GROUP INC	SB NT CV 5.75%05 29084QAC4	$5,772,300
5,420,000 Sole None	Sole
EQUITY RESIDENTIAL	OFD CV J $	2.15 29476L826	$697,509
25,000 Sole None Sole
FARMSTEAD TEL GROUP INC	WT A EX 081201 311565121  $4,150
16,600 Sole None Sole
FARMSTEAD TEL GROUP INC	WT B EX 081201 311565139	$5,300
21,200 Sole None Sole
FEDERATED DEPT STORES INC DEL	WT C EX 121999 31410H119 $15,580,248
566,400 Sole	None Sole
FEDERATED DEPT STORES INC DEL	WT D EX 121901 31410H127	$7,878,696
295,027 Sole None Sole
FOTOBALL USA INC	WT ESP 081199 350384111 $9,450
10,800 Sole None	Sole
FRONTLINE COMMUNICATIONS CORP	WT ESP 000003 35921T116 $529,380
136,175 Sole	None Sole
GLOBAL TELESYSTEMS	SRSB BD CV	144 37936UAA2	$4,870,500
1,200,000 Sole None Sole
GOLDEN ST BANCORP INC	WT EXP 082100 381197128 	$8,412,859
669,699 Sole None Sole
HMT TECHNOLOGY CORP 	B NT CV 5.75%04 403917AD9	$193,815
531,000 Sole None Sole
HALTER MARINE GROUPINC	 SR SBNTCV4.5%04 40642YAC9 $884,375
1,415,000 Sole None Sole
HANOVER CAP MTG HLDGS INC WT EXP 0915	00 41076118 	$23,488
187,900 Sole None Sole
HEMISPHERX BIOPHARMA INC	WT A EX 110200 42366C111	$24,850
7,100 Sole None Sole
HERLEY INDS INC DE	WT EXP 121305 427398110	$5,050
10,100 Sole None Sole
HERTZ TECHNOLOGY GROUP INC	WT A 111101NEW 42804Y121	$17,063
13,000 Sole None Sole
HEXCEL CORP NEW	SUB NT CV	7%03 428291AA6	$946,400
1,040,000 Sole None Sole
HOME DEPOT INC	SB NT CV 3.25%01 437076AE2	$90,903,110
32,447,000 Sole None Sole
HOWELL CORP	PFD A CV $3.50 443051206	$975,100
39,800 Sole None Sole
IMC GLOBAL INC	WT EXP 122200 449669118	$5,000
10,000 Sole None Sole
INNKEEPERS USA TR	PFD CV A 8.625 4576J0302	$3,092,925
179,300 Sole None Sole
INTERPUBLIC GROUP COS INC	SB NT CV 1.8%04 460690AF7	$12,260,875
10,175,000 	Sole None Sole
INTERNATIONAL SMART SOURCING	WT EXP 042304 46033G116	$92,550
123,400 Sole None Sole
IOMEGA CORP	SB NT CV 6.75%01 462030AA5	$1,204,450
1,090,000 Sole None Sole
ITRON INC	SB NT CV 6.75%04 465741AC0	$1,312,690
1,762,000 Sole None Sole
JACOR COMMUNICATIONS	LYON ZERO	CPN11 469858 AA2 	$40,739,524
37,633,000 Sole None Sole
JACOR COMMUNICATIONS	WT EXP 091801 469858138	$4,366,747
396,977 Sole None Sole
KELLSTROM INDS INC	SB NT CV 5.75%02 488035AC0	$3,052,531
3,425,000 Sole None Sole
KMART FING I	PFD TRCV 7.75% 498778208	$70,189,251
1,207,557 Sole None Sole
LEASING SOLUTIONS	SUBNTCV 6.875%03 522113AA7  $42,665
742,000 Sole None Sole
LEVEL ONE COMMUNICATION INC	COM	527295109	$871,088
17,800 Sole None Sole
LIGAND PHARMACEUTICALS INC	WT B EX 060300 53220K116 	$361,160
72,232 Sole None Sole
LONE STAR INDS INC	WT EXP 123100 542290119 	$20,619,675
364,950 Sole None Sole
LORAL SPACE & COMMUNICATIONS	PFD CONV 6% G56462149	$18,853,625
371,500 	Sole None Sole
LTC PPTYS INC	SB DB CV 7.75%02 502175AE2 $2,225,000
2,500,000 Sole None Sole
LTC PPTYS INC	SB DB CV 8.25%01 502175AF9 $2,708,400
2,960,000 Sole None Sole
LTC PPTYS INC	SUB DB CV	8.5%01 502175AC6	$6,147,225
6,505,000 Sole None Sole
MAGNA INTL INC	SUB DEB CV	5%02 559222AE4 $41,599,724
38,449,000 Sole None Sole
MARSH SUPERMARKETS	SUB DB CONV 7%03 571783AB5	$420,010
433,000 Sole None Sole
MEDIAONE GROUP INC	PFD CV SER	D 58440J203	$59,130,591
399,060 Sole None Sole
MEDIMMUNE INC	SBNTCV 144A 7%03 584699AA0 $9,179,587
1,333,000 Sole None Sole
MEDIMMUNE INC	SUB NT CONV 7%03 584699AC6 	$50,353,411
7,312,000 Sole None Sole
METRICOM INC	SB NT CONV	8%03 591596AC5 $2,328,185
1,681,000 Sole None Sole
MICHAELS STORES INC	SUB NT CV4.75%03 594087AC2 $701,220
696,000 Sole None Sole
MICROVISION INC WASH	WT EXP 082701 594960114 $935,000
88,000 Sole None Sole
MID-ATLANTIC RLTY TR	SBDB CV 7.625% 595232AA7 $1,589,286
1,500,000 Sole None Sole
MOTOROLA INC	LYONS SUB	ZER0 13 620076AJ8 $1,152,981
1,060,000 Sole None Sole
MULTIMEDIA GAMES INC	WT A EX 111201 625453113 $18,488
10,200 Sole None Sole
MUTUAL RISK MGMT LTD	SBDBCVZERO	EXC15 628351AA6 $44,437,309
56,395,000 Sole None Sole
NATIONAL AUSTRALIA	BK LTD CAP UTS EXCHBL 632525309	$17,907,000
596,900 Sole None Sole
NCS HEALTHCARE INC	SB DB CV 5.75%04 628874AC3	$1,223,750
2,750,000 Sole None Sole
NEOPHARM INC	WT EXP 122501 640919114	$22,550
1,100 Sole None Sole
NEOWARE SYS INC	WT EXP 032500 64065P110 $1,500
24,000 Sole None Sole
NEW FRONTIER MEDIA	WT EXP 021003 644398117 $10,800
14,400 Sole None Sole
NINE WEST GROUP INC	SUB NT CV	5.5%03 65440DAC6 $42,782,480
42,464,00 Sole None Sole
NORTH AMERN VACCINE INC	SB NT CV 144A 657201AA7	$418,100
1,130,000 Sole None Sole
NORTHWEST NAT GAS CO	DEB CONV 7.25%12 667655AM6 $1,739,676
1,435,000 Sole None Sole
NOTIFY CORP	WT A EX 082802 669956112 $78,609
38,700 Sole None Sole
NOVACARE CORP	SB DEB CV	5.5%00 669930AA7	$138,188
150,000 Sole None Sole
NUWAVE TECHNOLOGIE	WT EXP 070301 67065M110 $14,781
21,500 Sole None Sole
OBJECTIVE COMMUNICATIONS INC	UNIT EX 061404 674421300 $20,625
2,000 Sole None Sole
OCCIDENTAL PETE CODEL	PFD CV $3	CXY 674599790	$16,261,752
280,600 Sole None Sole
OFFICE DEPOT INC	LYON SUB ZERO 07 676220AA4 $14,523,426
14,768,000 Sole None Sole
OMNICARE INC	SUB DEB CV	5%07 681904AD0	$365,000
500,000 Sole None Sole
OMEGA HEALTHCARE IVS INC	SUB DB CV	8.5%01 681936AG5	$9,364,238
9,435,000 Sole None Sole
PATINA OIL & GAS CORP	WT EXP 050201 703224113 $42,000
67,200 Sole None Sole
PERSONNEL GROUP AMER INC	SBNT CV 5.75%04 715338AE9 $1,485,313
1,750,000 Sole None Sole
PHILIPPINE LONG DISTANCE TEL	SPN GLB DEPSH 718252703	$52,173,570
980,500 Sole None Sole
PHOENIX INVT PARTNERS LTD	SUB DB CONV6%15 719085AA0 $6,659,258
5,801,000 Sole None Sole
PIONEER FINL SVCS INC	SUB NT CV	6.5%03 723672AE1	$16,905
15,000 Sole None Sole
PLATIUM TECHNOLOGY	SBNT CV144A02 72764TAB7	$2,130,000
2,130,000 Sole None Sole
PLATIUM TECHNOLOGY INTL INC	SBNT CV 6.25%02 72764TAD3	$14,262,000
14,262,000 Sole None Sole
PRIDE INTL INC	SBDB C	6.25%741932AA5 $1,311,375
1,300,000 Sole None Sole
PRODUCTIVITY TECHNOLOGIES CORP	WT EXP 062401 743088114 $2,188
10,000 Sole None Sole
PROLOGIS TR	PFD CV SBI	B 743410300 $1,530,313
59,000 Sole None Sole
QUESTRON TECHNOLOGY INC	WT IV EX030501 748372117 $32,081
35,400 Sole None Sole
QUINTILES TRANSNATIONAL CORP	SBNT CV4.25%00 748767AC4 $1,672,500
1,500,000 Sole None Sole
RECKSON ASSOCS RLTY CORP	PFD CV SER	A% 75621K205	$5,555,250
246,900 Sole None Sole
RENT WAY INC	SBDB CV 	%07 76009UAB0 $13,008,464
6,894,000 	Sole None Sole
RES-CARE INC	SRNT CON	6%04 760943AC4	$4,166,283
3,256,000 Sole None Sole
ROYAL CARIBBEAN CRUISES LTD	PFD CONV A	V7780T111 $6,690,594
48,915 Sole None Sole
ROBBINS & MEYERS INC	SUB NT CV6.5%03 770196AA1 $1,218,750
1,250,000 Sole None Sole
SABA PETE CO	SR SBDB 	V 9%05 785152AA7	$1,304,250
1,739,000 Sole None Sole
SABRATEK	NT CV 6%05	78571UAA6	$589,500
900,000 Sole None Sole
SANMINA CORP	COM	800907107	$303,500
4,000 Sole None Sole
SBS BROADCASTING SA	SBDB CV7.25%05 805906AA2	$12,603,298
11,485,00 Sole None Sole
SEACOR SMIT INC	SUBNTCV 5.375%06 811904AE1	$638,596
641,000 Sole None Sole
SEAGRAM JOSEPH E & SONS INC LYONS CV ZERO06 811845AH9	$243,376
262,000 Sole None Sole
SEALED AIR CORP NEW	PFD CV A $2 81211K209 $21,060,375
339,000 Sole None Sole
SENSORMATIC ELECTR	PFD 1/10CV	6.5% 817265200 $2,442,023
110,500 Sole None Sole
ST PAUL CAP LLC	PFD MIPS 6% 792856205 $6,058,175
105,045 Sole None Sole
SEPRACOR INC	SBDB CV 6.25%05 817315AE4 $6,117,066
3,315,000	Sole None Sole
SHERWOOD BRANDS INC	WT EXP 050603 82437L112 $5,381
12,300 Sole None Sole
SMART CHOICE AUTOMOTIVE GRP 	WT EXP110	900 83168618 	$0
30,000 Sole None Sole
SONIC FDRY INC	WT EXP 061003 83545R116 $72,475
22,300 Sole None Sole
SOUND SOURCE INTERACTIVE INC	WT EXP010102 83608K115 $0
11,900 Sole None Sole
STANDARD AUTOMOTIVE CORP	PFD SR CV8.50% 853097202 $773,900
43,600 Sole None Sole
SUN INC	SB DB CV 6	.75%12 866762AG2 $582,758
559,000 Sole None Sole
SUN HEALTHCARE GROUP INC	SD CV144A	6%04 866933AA2 $27,055
1,546,000 Sole None Sole
SUNBEAM CORP	SRSDCV ZRO	144A18 867071AA0 $1,208,953
6,958,000 Sole None Sole
SYSTEM SOFTWARE ASSOCINC	SBNT CV 7%02 871839AA4 $50,400
144,000 Sole None Sole
SUN HEALTHCARE GROUP INC	SD CV 144A	6%04 866933AA2 $27,055
1,546,000 Sole None Sole
SUPERIOR TR I	PFD CV 8.50% 86836P202 $555,001
12,907 Sole None Sole
SURGE COMPONENTS INC NY	WT A EX 07310 868908112 $14,375
20,000 Sole None Sole
SYNETIC INC	SUB DB CONV 5%07 87160FAB5 $57,293
50,000 	Sole None Sole
TBA ENTMT CORP	WT EXP 042301 872173117 $21,788
24,900 Sole None Sole
TESORO PETE CORP	PIES CV 1/100S 881609408 $9,245,600
582,400 Sole None Sole
TITAN CORP	SBDB CV 8.25% 03 888266AA1 $11,153,449
4,132,000 Sole None Sole
TITAN PHARMACEUTIC INC DEL	WT A EX 011801 888314119 $39,375
35,000 Sole None Sole
TODAYS MAN INC	WT EXP 123199 888910114 $9,825
52,400 Sole None Sole
TRIARC  COS INC	SBDB CV ZRO 18 895927AB7 $2,623,500
10,600,000 Sole None Sole
U S LABORATORIES INC	WT EXP 021904 90333T113 $15,916
23,150 Sole None Sole
UNISYS CORP	PFD A CV $3.75 909214207	$48,463,232
741,288 Sole None Sole
UNITED STATES CELLULAR CORP	LYON ZERO	911684AA6 $26,363,783
50,457,00 Sole None Sole
US RESTAURANT  PPTYS INC	PFD CV SERA 902971209 $224,700
10,700"	Sole None Sole
VALHI INC NEW	LYON ZERO	CPN 918905AC4 $8,161,688
12,038,000 Sole None Sole
VIALINK CO	WT EXP 112099 92552Q119 $135,675
13,400 Sole None Sole
VIEWCAST COM INC	WT EXP 020302 926713116 $53,438
15,000 Sole None Sole
VION PHARMACEUTICALS INC	WT B EX 081400 927624122 $76,575
102,100 Sole None Sole
VISUAL DATA CORP	WT EXP 073002 928428119 $148,225
12,100 Sole None Sole
VORNADO RLTY TR	PFD CONV SER A 929042208 $12,890,558
257,000 Sole None Sole
WHX CORP	PFD CV SER	A  929248201	$3,143,750
100,600 Sole None Sole
WMX TECHNOLOGIES INC	SUB NTS CV	2%05 92929QAF4	$3,008,925
2,799,000 Sole None Sole
WALBRO CAP TR	PFD CONV TR 931152201 $9,697,861
365,957 Sole None Sole
WESTERN DIGITAL CORP	SBDB CV ZER0 18 958102AH8 $1,137,500
6,500,000 Sole None Sole
XYBERNAUT CORP	WT EXP 071899 984149112	$2,281
14,600 Sole None Sole
ASIA TIGERS FD INC	COM	04516T105 $682,100
71,800 Sole None Sole
BRAZILIAN EQUITY FD INC	COM	105884100 $219,375
45,000 	Sole None Sole
BRAZIL FD INC	COM	105759104 $258,125
17,500 Sole None Sole
CHILE FD INC	COM	168834109 $317,969
27,500 Sole None Sole
COMPANIA ANONIMA NACIONL	SPN ADR 7D	SHS 204421101 $408,750
15,000 Sole None Sole
EMBRATEL PARTICIPACOES SA	SPON ADR PFD  29081N100 $149,850
10,800 Sole None Sole
EMPRESAS ICA SOCIEDAD CONTRLAD	SPONSORED	ADR 292448107	$84,375
12,500 Sole None Sole
GREATER CHINA FD INC	COM	39167B	$96,875
10,000 Sole None Sole
MEXICO FD INC	COM	592835102	$304,700
17,600 Sole None Sole
MORGAN STANLEY AFRICA INVT FD	COM	617444104 $316,913
31,300 Sole None Sole
ARGENTINA FD INC	COM	040112104 $409,200
37,200 Sole None Sole
MORGAN STAN D WITTER ESTN  EURO	COM	616988101 $480,975
31,800 Sole None Sole
R O C TAIWAN FD	SH BEN INT	749651105 $80,625
10,000 Sole None Sole
TELE CENTRO OESTE CELLULAR SA	SPON ADR PFD  87923P105 $66,938
17,000 Sole None Sole
TELEFONOS DE MEXIC0 SA	SPNS ADR ORD  879403780 $444,469
5,500 Sole None Sole
TEMPLETON CHINA WORLD FD INC	COM	88018X102	$244,988
27,800 Sole None Sole
TRANSPORTACION MARITIMA MEXICA	ADR SER	SH 893868208 $148,575
28,300 Sole None Sole




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