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SIGNATURE MICHAEL FORTIER
TITLE TREASURER
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<NAME> KLEINWORT BENSON AUSTRALIAN INCOME FUND, INC.
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Shareholder Meeting Results
The Fund's Annual General Meeting
of Shareholders
was held on April 2, 1998. Issues
presented for the
approval of shareholders were (1) the
election of four
Directors and (2) the ratification
of the selection of
Price Waterhouse LLP as
Independent Accountants
for the
Fund for the fiscal year
ending October 31, 1998.
The election of Directors and
the selection of
accountants were approved by shareholders
by large margins.
There were 11,954,566 shares
eligible to vote at the meeting
and voting results were as follows:
Numbers of Shares Voted
Issue For Against Abstained
Election of Directors:
Sir Robert Cotton 10,756,629 262,063 ---
David M. Felder 10,759,301 259,391 ---
James J. Foley 10,767,086 251,606 ---
Stephen K. West 10,727,559 291,133 ---
Selection of
Independent Accountants 10,784,419 64,398 ---
Accountants
Other Directors whose terms of office
continued
after the meeting are
Leonard T. Hinde,
The Earl of Limerick,
G. William Miller
and Nigel S. MacEwan.
