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SIGNATURE BRYAN DEMPS
TITLE MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> THE TAIWAN FUND, INC.
<SERIES>
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<NAME>
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<PERIOD-START> AUG-31-1997
<PERIOD-END> FEB-28-1998
<INVESTMENTS-AT-COST> 296,008,300
<INVESTMENTS-AT-VALUE> 358,026,747
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Results of Annual Stockholder Meeting Voting Held February 13, 1998
1) Election of Directors - The stockholders of the Fund elected Benny T.
Hu, Joe O. Rogers, Jack C. Tang, Shao-Yu Wang, David Dean and Lawrence F
Weber to the Board of Directors to hold office until their successors are
elected and qualified.
For Withheld
Benny T. Hu 8,109,417.565 319,657.939
Joe O. Rogers 8,227,960.533 201,114.971
Jack C. Tang 7,363,807.565 1,065,267.939
Shao Yu Wang 8,223,207.565 205,867.939
David Dean 8,223,698.565 205,376.939
Lawrence F.Weber 8,225,580.565 203,494.939
2) Ratification or Rejection of Independent Certified Public Accountants
- - The stockholders of the Fund ratified the selection of Coopers &
Lybrand LLP as independent public accountants of the Fund for the period
ended August 31, 1998.
For Against Abstain
7,276,463.425 172,219.782 980,392.297
3) Amendment to Reduce Advisory Fees - The stockholders of the Fund
approved an amendment to the Funds Securities Investment Trust-Investment
Management and Custodian Contract dated December 16, 1986, as amended,
(the Management Contract) between the Fund, China Securities Investment
Trust Corporation (the Adviser) and the International Commercial Bank of
China. The amendment reduces the investment advisors basic fee from
1.50% to 1.30% of average net assets and reduces the investment advisors
performance fee from + 0.5% to + 0.3%.
For Against Abstain Broker Non-Vote
6,116,755.206 180,663.640 995,225.658 1,136,431.000
4) Amendment to Permit Investment in the Over-the-Counter Market in
Taiwan - The stockholders of the Fund approved an amendment to the
Funds investment limitations to permit the Fund to invest in stocks
traded in the over-the-counter market in Taiwan, rather than only Taiwan
Stock Exchange (TSE) listed stocks or equity securities which will be
listed on the TSE immediately following the offering of such securities
and, in connection therewith, corresponding amendments to the Management
Contract and By-Laws of the Fund.
For Against Abstain Broker Non-Vote
5,695,561.092 204,906.905 988,480.507 1,540,127.000
