UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
(Name of Issuer)
Jardine Fleming China Region Fund, Inc.
(Title of Class of Securities)
Common Stock
(CUSIP Number)
471110106
(Date of Event Which Requires Filing of this Statement)
December 15, 1998
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ X ] 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
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).
(1) Names of Reporting Persons
I.R.S. Identification Nos. of Above Persons (Entities Only)
Eternity Ltd.
John M. Templeton
(2) Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
Eternity is incorporated in the Cayman Islands
John M. Templeton is a citizen of the United Kingdom
Number of (5) Sole Voting Power
Shares Nil
-------------------------------------------------------------------------
Benefici- (6) Shared Voting Power
ally Owned 709,700
- -----------------------------------------------------
by Each (7) Sole Dispositive Power
Reporting Nil
- ------------------------------------------------------------
Person With (8) Shared Dispositive Power
709,700
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
709,700
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
(11) Percent of Class Represented by Amount in Row 9
7.80%
(12) Type of Reporting Person
Eternity is a CO; John M. Templeton is an IN
<PAGE>
Item 1(a)
Name of Issuer:
Jardine Fleming China Region Fund, Inc.
Item 1(b)
Address of Issuer's Principal Executive Offices:
100 East Pratt Street
Baltimore, Maryland 21202
Item 2(a)
Name of Person Filing:
Eternity Ltd.
John M. Templeton
Eternity Ltd. is indirectly controlled by John M. Templeton, a British subject.
Item 2(b)
Address of Principal Business Office:
Eternity Ltd. Sir John M. Templeton
Templeton Building Templeton Building
P.O. Box N-7776 P.O. Box N-7776
Lyford Cay Lyford Cay
Nassau, Bahamas Nassau, Bahamas
Item 2(c)
Citizenship:
Eternity Ltd. is a company incorporated under the laws of the Cayman Islands.
John M. Templeton is a citizen of the United Kingdom.
Item 2(d)
Title of Class of Securities:
Common Stock
Item 2(e)
CUSIP Number:
471110106
<PAGE>
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check
whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a) (6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
(d) [ ] Investment Company registered under section 8 of the Investment
Company Act
(e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G)
(h) [ ] A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the
definition of an investment company under Section
3(c)(14) of the Investment Company Act
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J)
If this statement is filed pursuant to Rule 13d-1(c), check this box. [ X ]
Item 4
Ownership.
(a) Amount Beneficially Owned:
709,700
(b) Percent of Class:
7.80%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: Nil
(ii) Shared power to vote or to direct the vote: 709,700
(iii) Sole power to dispose or to direct the disposition of: Nil
(iv) Shared power to dispose or to direct the disposition of: 709,700
By virtue of his indirect control, Sir John M. Templeton shares with
Eternity Ltd. the power to vote and dispose of the shares owned by
Eternity.
<PAGE>
Item 5
Ownership of Five Percent or Less of a Class [ ]
Not Applicable
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 not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE>
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: July 13, 1999
ETERNITY LTD.
Signature: /S/ JOHN M. TEMPLETON_________
Name/Title: By: John M. Templeton, President
Signature: /S/ JOHN M. TEMPLETON_________
Name/Title: John M. Templeton, Individually as indirect beneficial owner
Attention: Intentional misstatements or omissions of fact
constitute Federal criminal violations (See 18 U.S.C. 1001).
