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001 A000000 THE FIRST IBERIAN FUND, INC.
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002 A000000 345 PARK AVENUE
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015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
015 A000002 BANCO ESPIRITO E COMMERCIAL DE LISBOA, S.A.
015 B000002 S
015 C010002 LISBON
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015 A000003 BANCO SANTANDER
015 B000003 S
015 C010003 MADRID
015 D010003 SPAIN
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015 A000004 DELETE
015 A000005 LLOYDS BANK
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
077 B000000 N
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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, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>0
<NAME>The First Iberian Fund, Inc.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> $56,356,778
<INVESTMENTS-AT-VALUE> $68,442,696
<RECEIVABLES> $1,644,517
<ASSETS-OTHER> $683,351
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> $70,770,564
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> $789,975
<TOTAL-LIABILITIES> $789,975
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> $59,201,234
<SHARES-COMMON-STOCK> 6,511,154
<SHARES-COMMON-PRIOR> 6,511,154
<ACCUMULATED-NII-CURRENT> $52,529
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> $(1,357,943)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> $12,084,769
<NET-ASSETS> $69,980,589
<DIVIDEND-INCOME> $743,719
<INTEREST-INCOME> $3,766
<OTHER-INCOME> 0
<EXPENSES-NET> $645,934
<NET-INVESTMENT-INCOME> $101,551
<REALIZED-GAINS-CURRENT> $4,171,284
<APPREC-INCREASE-CURRENT> $3,121,957
<NET-CHANGE-FROM-OPS> $7,394,792
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> $(455,778)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> $6,939,014
<ACCUMULATED-NII-PRIOR> $406,756
<ACCUMULATED-GAINS-PRIOR> $(5,529,227)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> $329,945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> $645,934
<AVERAGE-NET-ASSETS> $65,716,087
<PER-SHARE-NAV-BEGIN> $9.68
<PER-SHARE-NII> $0.02
<PER-SHARE-GAIN-APPREC> $1.12
<PER-SHARE-DIVIDEND> $(0.07)
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> $10.75
<EXPENSE-RATIO> 1.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
