FORM 4 OMB APPROVAL
OMB NUMBER 3235-0287
EXPIRES: September 30, 1998
Estimated Average burden
hours per response.....0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[ X ] Check this box if no
longer subject to Section 16.
Form 4 or Form 5
obligations may continue.
See instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f)
of the Investment Company act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person
Chen, Michael
13 Fl., No. 21, Sec 2, Tun-Hwa South Road
Taipei, Taiwan R.O.C.
2. Issuer name and Ticker or Trading Symbol
The Taiwan Fund, Inc. (NYSE: TWN)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
October, 1998
5. If Amendment, Date of Original
(Month/ Year)
6. Relationship of Reporting Persons to Issuer
(Check all applicable)
__ Director __10% Owner
__ Officer (give title below) _X_Other (specify below)
Mr. Chen resigned as a Director of the Fund effective October 12, 1998.
7. Individual or Joint/Group Filing (Check applicable line)
|X| Form filed by One Reporting Person
__ Form Filed by More than One Reporting Person
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NON DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security (Instr. 3)
Not applicable
2. Transaction Date (Month/Day/Year)
Not applicable
3. Transaction Code (Instr. 8)
Code V
Not applicable
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount (A) or (D) Price
Not applicable
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
Not applicable
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
Not applicable
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Not applicable
If the Form is filed by more than one Reporting Person, see Instruction
(b)(v).
Reminder: Report on a separate line each class of securities
beneficially owned directly or indirectly.
(Print or Type Responses)
(Over)
SEC 1474 (7-96)
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<PAGE>
FORM 4 (continued)
TABLE II. - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(e.g. puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Not applicable
2. Conversion or Exercise Price of Derivative Security
Not applicable
3. Transaction Date (Month/Day/Year)
Not applicable
4. Transaction Code (Instr. 8)
Code V
Not applicable
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A) (D)
Not applicable
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable Expiration Date
Not appliable
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Amount or Number of Shares
Not applicable
8. Price of Derivative Security (Instr. 5)
Not applicable
9. Number of Derivative Securities Beneficially Owned at End of Month(Instr. 4)
Not applicable
10. Ownership Form of Derivative Security: Direct (D) or Indirect(I) (Instr. 4)
Not applicable
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Not applicable
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Explanation of Responses:
/S/ Michael Chen 10/22/98
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*** Signature of Reporting Persons Date
*** Intentional misstatements or omission of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C.78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space provided is insufficient, see Instruction 6
for procedure.
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