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001 A000000 THE FIRST AUSTRALIA FUND, INC.
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<PAGE> PAGE 4
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SIGNATURE
TITLE
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000779336
<NAME> THE FIRST AUSTRALIA FUND, INC.
<SERIES>
<NUMBER> 001
<NAME> THE FIRST AUSTRALIA FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 147,172,471
<INVESTMENTS-AT-VALUE> 151,789,453
<RECEIVABLES> 730,524
<ASSETS-OTHER> 10,447,405
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 162,967,382
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,368,693
<TOTAL-LIABILITIES> 3,368,693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 149,381,063
<SHARES-COMMON-STOCK> 16,743,156
<SHARES-COMMON-PRIOR> 15,894,450
<ACCUMULATED-NII-CURRENT> 1,343,239
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,299,058
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,575,329
<NET-ASSETS> 159,598,689
<DIVIDEND-INCOME> 2,629,544
<INTEREST-INCOME> 413,374
<OTHER-INCOME> 0
<EXPENSES-NET> 1,145,041
<NET-INVESTMENT-INCOME> 1,897,877
<REALIZED-GAINS-CURRENT> (2,690,029)
<APPREC-INCREASE-CURRENT> (17,259,600)
<NET-CHANGE-FROM-OPS> (18,051,752)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,637,105)
<DISTRIBUTIONS-OF-GAINS> (14,893,100)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 220,812
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 7,107,913
<NET-CHANGE-IN-ASSETS> (27,253,232)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 22,903,947
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 1,145,041
<AVERAGE-NET-ASSETS> 160,535,000
<PER-SHARE-NAV-BEGIN> 11.76
<PER-SHARE-NII> 0.12
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</TABLE>
For the six months ended (a) 04/30/95
File number (c) 811-4438
SUB - ITEM 77J
Reclassification of Capital Accounts
The Fund accounts and reports for distributions to shareholders in accordance
with AICPA Statement of Position 93-2: Determination, Disclosure, and Financial
Statement Presentation of Income, Capital Gain, and Return of Capital
Distributions by Investment Companies. During the period ended April 30, 1995,
the Fund increased undistributed net investment income by $21,760, increased
accumulated net realized gains on investments by $538,449 and decreased
accumulated realized and unrealized foreign exchange gains by $560,209. Net
investment income, net realized gains and net assets were not affected by this
change.
