<PAGE> PAGE 1
000 A000000 03/31/95
000 C000000 820675
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE FIRST IBERIAN FUND, INC.
001 B000000 811-5304
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
018 000000 Y
019 A000000 Y
019 B000000 36
019 C000000 SCUDDERRRR
020 A000001 BANCO SANTANDER DE NEGOCIOS
020 C000001 7
020 A000002 FLEMING
020 C000002 6
020 A000003 CCF INTERNATIONAL
020 C000003 3
020 A000004 DILLON READ
020 B000004 13-1939216
020 C000004 2
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 17
022 A000001 FLEMING
022 C000001 1424
022 D000001 1538
022 A000002 BANCO SANTANDER DE NEGOCIOS
022 C000002 978
022 D000002 1279
022 A000003 CCF INTERNATIONAL
022 C000003 653
022 D000003 0
<PAGE> PAGE 2
022 A000004 DILLON READ
022 B000004 13-1939216
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022 D000004 592
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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074 V010000 8.57
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075 B000000 57905
076 000000 6.63
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from The First Iberian Fund,
Inc. semiannual report for the period ended March
31, 1995 and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME> The First Iberian Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-START> OCT-1-1994
<PERIOD-END> MAR-31-1995
<INVESTMENTS-AT-COST> 52,589,345
<INVESTMENTS-AT-VALUE> 54,259,758
<RECEIVABLES> 178,839
<ASSETS-OTHER> 1,566,343
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 56,004,940
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 203,166
<TOTAL-LIABILITIES> 203,166
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,200,470
<SHARES-COMMON-STOCK> 6,511,154
<SHARES-COMMON-PRIOR> 6,511,154
<ACCUMULATED-NII-CURRENT> (55,043)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,057,067)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,713,414
<NET-ASSETS> 55,801,774
<DIVIDEND-INCOME> 624,066
<INTEREST-INCOME> 16,746
<OTHER-INCOME> 0
<EXPENSES-NET> 603,268
<NET-INVESTMENT-INCOME> 37,544
<REALIZED-GAINS-CURRENT> (23,752)
<APPREC-INCREASE-CURRENT> (2,850,668)
<NET-CHANGE-FROM-OPS> (2,836,876)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,836,876)
<ACCUMULATED-NII-PRIOR> (92,587)
<ACCUMULATED-GAINS-PRIOR> (5,033,315)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 289,544
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 603,268
<AVERAGE-NET-ASSETS> 57,905,244
<PER-SHARE-NAV-BEGIN> 9.01
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> (.45)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.57
<EXPENSE-RATIO> 2.08
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
