<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 820028
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE BRAZIL FUND, INC.
001 B000000 811-5269
001 C000000 2123266200
002 A000000 345 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10154
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 SCUDDER, STEVENS & CLARK, INC.
008 B000001 A
008 C000001 801-252
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10154
008 A000002 DELETE
010 A000001 BANCO DE BOSTON, S.A.
010 B000001 801-31511
010 C010001 SAO PAULO
010 C050001 BRAZIL
012 A000001 SCUDDER SERVICE CORPORATION
012 B000001 84-1489
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
<PAGE> PAGE 2
013 B030001 10022
014 A000001 SCUDDER INVESTOR SERVICES, INC.
014 B000001 8-298
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E020001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 INDOSUEZ CAPITAL DTVM, S.A.
020 C000001 27
020 A000002 GARANTIA DTVM
020 C000002 27
020 A000003 PACTUAL CAPITAL CORP.
020 C000003 22
020 A000004 UNIBANK
020 C000004 12
020 A000005 INDUSVAL S.A. CTVM
020 C000005 10
020 A000006 SUPLICY CTVM
020 C000006 9
020 A000007 BANCO ICATU, S.A.
020 C000007 9
020 A000008 GERAL DO COMERICO S.A. CORRETORA DE CAMBIO
020 C000008 4
020 A000009 BANCO OMEGA, S.A.
020 C000009 1
020 A000010 TENDENCIA CTVM
020 C000010 1
021 000000 124
022 A000001 INDOSUEZ CAPITAL DTVM, S.A.
022 C000001 2678
022 D000001 8121
022 A000002 GARANTIA DTVM
022 C000002 2144
022 D000002 8571
022 A000003 PACTUAL CAPITAL CORP.
022 C000003 2923
022 D000003 7417
022 A000004 UNIBANK
022 C000004 1611
022 D000004 4128
022 A000005 INDUSVAL S.A. CTVM
022 C000005 1661
022 D000005 2462
022 A000006 SUPLICY CTVM
022 C000006 933
022 D000006 2689
<PAGE> PAGE 3
022 A000007 BANCO ICATU, S.A.
022 C000007 1749
022 D000007 1694
022 A000008 GERAL DO COMERICO S.A. CORRETORA DE CAMBIO
022 C000008 631
022 D000008 1033
022 A000009 BANCO OMEGA, S.A.
022 C000009 441
022 D000009 45
022 A000010 TENDENCIA CTVM
022 C000010 74
022 D000010 344
023 C000000 15026
023 D000000 36753
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
<PAGE> PAGE 4
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
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030 C000000 0.00
031 A000000 0
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033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
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042 C000000 0
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043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 150
048 A020000 1.200
048 B010000 300
048 B020000 1.050
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
<PAGE> PAGE 5
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 300
048 K020000 1.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
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062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
<PAGE> PAGE 6
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 7
071 A000000 17526
071 B000000 39258
071 C000000 476540
071 D000000 7
072 A000000 12
072 B000000 408
072 C000000 9981
072 D000000 0
072 E000000 0
072 F000000 2671
072 G000000 26
072 H000000 0
072 I000000 20
072 J000000 686
072 K000000 0
072 L000000 37
072 M000000 48
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 32
072 S000000 95
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 21
072 X000000 3636
072 Y000000 0
072 Z000000 6753
072AA000000 22374
072BB000000 0
072CC010000 140673
072CC020000 0
072DD010000 975
072DD020000 0
072EE000000 6986
073 A010000 0.0600
073 A020000 0.0000
073 B000000 0.4300
073 C000000 0.0000
074 A000000 1
074 B000000 25718
074 C000000 0
074 D000000 0
074 E000000 0
074 F000000 549448
074 G000000 0
074 H000000 0
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<PAGE> PAGE 8
074 K000000 0
074 L000000 4495
074 M000000 1715
074 N000000 581377
074 O000000 0
074 P000000 481
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 444
074 S000000 0
074 T000000 580452
074 U010000 16257
074 U020000 0
074 V010000 35.71
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 501980
076 000000 40297.50
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
086 B010000 27
<PAGE> PAGE 9
086 B020000 632
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
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086 F010000 0
086 F020000 0
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the The
Brazil Fund Semiannual Report for the period ended 6/30/97 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>0
<NAME> THE BRAZIL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 208,481,358
<INVESTMENTS-AT-VALUE> 575,166,144
<RECEIVABLES> 4,494,605
<ASSETS-OTHER> 1,715,742
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 581,376,491
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 924,881
<TOTAL-LIABILITIES> 924,881
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 186,285,541
<SHARES-COMMON-STOCK> 16,256,783
<SHARES-COMMON-PRIOR> 16,229,987
<ACCUMULATED-NII-CURRENT> 6,467,664
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 21,037,033
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 366,661,372
<NET-ASSETS> 580,451,610
<DIVIDEND-INCOME> 9,981,003
<INTEREST-INCOME> 407,864
<OTHER-INCOME> 0
<EXPENSES-NET> 3,636,110
<NET-INVESTMENT-INCOME> 6,752,757
<REALIZED-GAINS-CURRENT> 22,373,566
<APPREC-INCREASE-CURRENT> 140,672,879
<NET-CHANGE-FROM-OPS> 169,799,202
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (974,775)
<DISTRIBUTIONS-OF-GAINS> (6,986,319)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 26,796
<NET-CHANGE-IN-ASSETS> 162,469,741
<ACCUMULATED-NII-PRIOR> 752,956
<ACCUMULATED-GAINS-PRIOR> 5,586,512
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,671,378
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 501,979,514
<PER-SHARE-NAV-BEGIN> 25.75
<PER-SHARE-NII> 0.42
<PER-SHARE-GAIN-APPREC> 10.03
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (0.43)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 35.71
<EXPENSE-RATIO> 1.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
