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<PAGE> PAGE 2
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<PAGE> PAGE 8
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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. Annual Report for the fiscal year ended 9/30/96 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>0
<NAME>THE FIRST IBERIAN FUND, INC.
<S> <C>
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