<PAGE>
Form N-23C-1
Report for Calendar month Ending December 31, 1999
- --------------------------
Swiss Helvetia Fund, Inc.
- --------------------------
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------
Approximate asset value
Number of or approximate asset Name of
Date of each Identification of shares Price per coverage per share at Seller or of
transaction each security purchased share time of purchase Sellers Broker
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Swiss Helvetia
Fund-(Cusip-
12/1/99 870875101) 8700 14.375 18.07 NYSE
12/2/99 (same) 8700 14.48065 18.1 NYSE
12/6/99 (same) 9000 14.8125 18.44 NYSE
12/16/99 (same) 8500 13.5941 17.05 NYSE
12/17/99 (same) 8500 13.4353 16.99 NYSE
12/20/99 (same) 11900 13.4375 17.11 NYSE
12/22/99 (same) 5000 13.4375 17.01 NYSE
12/30/99 (same) 5000 13.75 17.43 NYSE
12/31/99 (same) 11500 13.8125 17.52 NYSE
Total 76800
</TABLE>