FORM 3 OMB APPROVAL
OMB NUMBER 3235-0104
EXPIRES: September 30, 1998
Estimated Average burden
hours per response.....0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
INITIAL STATEMENT OF BENEFICIAL
OWNERSHIP OF SECURITIES
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
1. Name and Address of Reporting Person
Michael Chen
China Securities Investment Trust Corporation
99 Tunhwa South Road, Section 2
Taipei, Taiwan
R.O.C.
2. Date of Event Requiring Statement (Month/Day/Year)
April 14, 1998
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
The Taiwan Fund, Inc. (NYSE: TWN)
5. Relationship of Reporting Person to Issuer (Check all applicable)
X Director __ 10% Owner
___
___ Officer (give title below) __ Other (specify below)
6. If Amendment, Date of Original (Month/Day/Year)
Not applicable
___________________________________________________________________________
TABLE I - NON DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Security (Instr. 4)
Common Stock, par value $0.01 per share
2. Amount of Securities Beneficially Owned (Instr. 4)
None
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
Not applicable
4. Nature of Indirect Beneficial Ownership (Instr. 5)
Not applicable
___________________________________________________________________________
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___________________________________________________________________________
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title of Derivative Security (Instr. 4)
Not applicable
2. Date Exercisable and Expiration Date (Month/Day/Year)
Not applicable
3. Title and Amount of Securities Underlying Derivative Security (Instr.4)
Not applicable
4. Conversion or Exercise Price of Derivative Security
Not applicable
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
Not applicable
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Not applicable
___________________________________________________________________________
Explanation of Responses:
Not applicable
*** Signature of Reporting Persons
Dated: April 22, 1998
MICHAEL CHEN
/S/ MICHAEL CHEN
_________________
*** 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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