<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000836267
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 THE R.O.C. TAIWAN FUND
001 B000000 811-5617
001 C000000 2126886840
002 A000000 1440 BROADWAY, 16TH FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10018
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
015 B000001 C
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 UNION SECURITIES CO., LTD.
020 C000001 22
020 A000002 KING HOE SECURITIES CO., LTD.
020 C000002 22
020 A000003 DINGFU SECURITIES CO., LTD.
020 C000003 21
020 A000004 ASIA SECURITIES INC.
020 C000004 21
020 A000005 SUN FUND SECURITIES LTD.
020 C000005 20
020 A000006 DAH CHANG SECURITIES -- AN KANG BRANCH
020 C000006 19
020 A000007 GRAND CATHAY SECURITIES CO., LTD., MINGCHUAN
020 C000007 16
020 A000008 POLARIS SECURITIES CO., LTD., CHENG-GONG
<PAGE> PAGE 2
020 C000008 15
020 A000009 YING YI SECURITIES
020 C000009 15
020 A000010 SECURITIES OF OVERSEAS CREDIT
020 C000010 14
021 000000 539
022 A000001 GRAND COMMERICAL BANK
022 C000001 41262
022 D000001 0
022 A000002 DAH AN COMMERCIAL BANK
022 C000002 27027
022 D000002 0
022 A000003 TAISHIN INT'L BANK
022 C000003 26834
022 D000003 0
022 A000004 CHINA TRUST COMMERCIAL BANK
022 C000004 26689
022 D000004 0
022 A000005 BANK SINOPAC
022 C000005 23020
022 D000005 0
022 A000006 INTERNATIONAL BILLS FINANCE COMPANY
022 C000006 18604
022 D000006 0
022 A000007 THE CHINESE BANK
022 C000007 16759
022 D000007 0
022 A000008 UNION COMMERCIAL BANK
022 C000008 16015
022 D000008 0
022 A000009 DAI-ICHI KANGYO BANK
022 C000009 14250
022 D000009 0
022 A000010 COSMOS BANK
022 C000010 12172
022 D000010 0
023 C000000 335064
023 D000000 1527
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 N
026 D000000 Y
<PAGE> PAGE 3
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
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
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
<PAGE> PAGE 4
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 185655
048 A020000 1.400
048 B010000 278483
048 B020000 1.200
048 C010000 371310
048 C020000 1.000
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
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 371310
048 K020000 0.800
055 A000000 N
055 B000000 N
056 000000 N
057 000000 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
062 G000000 0.0
062 H000000 0.0
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 5
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 N
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 N
070 J020000 N
070 K010000 N
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 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 6
071 A000000 195751
071 B000000 199189
071 C000000 233054
071 D000000 84
072 A000000 6
072 B000000 330
072 C000000 1113
072 D000000 0
072 E000000 0
072 F000000 1655
072 G000000 42
072 H000000 0
072 I000000 0
072 J000000 190
072 K000000 0
072 L000000 0
072 M000000 65
072 N000000 0
072 O000000 625
072 P000000 0
072 Q000000 0
072 R000000 59
072 S000000 152
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 132
072 X000000 2921
072 Y000000 0
072 Z000000 -1478
072AA000000 8433
072BB000000 17979
072CC010000 70741
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 740
074 B000000 0
074 C000000 14335
074 D000000 0
074 E000000 0
074 F000000 290333
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 1351
<PAGE> PAGE 7
074 K000000 0
074 L000000 0
074 M000000 252
074 N000000 307011
074 O000000 181
074 P000000 348
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 418
074 S000000 0
074 T000000 306064
074 U010000 32699
074 U020000 0
074 V010000 9.36
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 247781
076 000000 8.06
077 A000000 Y
077 B000000 N
077 C000000 Y
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 N
078 000000 N
080 A000000 CONTINENTAL CASUALTY COMPANY
080 C000000 0
081 B000000 0
082 B000000 0
083 B000000 0
084 B000000 0
086 A010000 0
086 A020000 0
<PAGE> PAGE 8
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 NYSE
087 A030000 R.O.C.
SIGNATURE EDWIN C. LAURENSON
TITLE PRINCIPAL ATTORNEY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 250,441,693
<INVESTMENTS-AT-VALUE> 304,667,390
<RECEIVABLES> 1,350,899
<ASSETS-OTHER> 992,236
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 307,010,525
<PAYABLE-FOR-SECURITIES> 180,873
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 765,156
<TOTAL-LIABILITIES> 946,029
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 314,116,358
<SHARES-COMMON-STOCK> 32,698,976
<SHARES-COMMON-PRIOR> 32,698,976
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (3,180,684)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (31,044,591)
<ACCUM-APPREC-OR-DEPREC> 54,225,698
<NET-ASSETS> 306,064,496
<DIVIDEND-INCOME> 1,112,676
<INTEREST-INCOME> 329,703
<OTHER-INCOME> 0
<EXPENSES-NET> 2,920,730
<NET-INVESTMENT-INCOME> (1,478,351)
<REALIZED-GAINS-CURRENT> (9,545,919)
<APPREC-INCREASE-CURRENT> 70,741,210
<NET-CHANGE-FROM-OPS> 59,716,940
<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> 59,716,940
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1,702,333)
<OVERDIST-NET-GAINS-PRIOR> (21,498,672)
<GROSS-ADVISORY-FEES> 1,655,378
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,920,730
<AVERAGE-NET-ASSETS> 247,781,130
<PER-SHARE-NAV-BEGIN> 7.53
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.87
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.36
<EXPENSE-RATIO> 1.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
================================================================================
1999 ANNUAL MEETING OF STOCKHOLDERS
================================================================================
On June 3, 1999, the Fund held an annual meeting to:
1. Elect two directors,
2. Ratify the appointment of KPMG Peat Marwick as the Fund's independent
accountants for 1999, and
3. Consider whether to convert the Fund from a closed-end investment company
into an open-end investment company. The Fund's Declaration of Trust
required a shareholder vote on this question, because the Fund's shares had
traded at an average discount of more than 10% to its net asset value over
a 12-week-period beginning after the preceding annual meeting.
The number of shares issued and outstanding as of the record date of March 26,
1999 was 32,698,976. 12,785,599 shares, or 39.101 percent of those eligible to
vote, were represented at the meeting.
PROPOSAL I
Election of Directors.
Number of Shares/Votes
- --------------------------------------------------------------------------------
For Authority Withheld Del N-Vote
- --------------------------------------------------------------------------------
Daniel K. L. Chiang 11,486,444.443 141,055.000 1,158,100.000
Robert P. Parker 11,478,794.443 148,705.000 1,158,100.000
PROPOSAL II
Ratification of the selection of KPMG Peat Marwick LLP as independent public
accountants of the Trust for its fiscal year ending December 31, 1999.
For 11,565,556.443
Against 37,908.000
Abstain 24,035.000
Del N-Votes 1,158,100.000
PROPOSAL III
Conversion of the Trust from a closed-end investment company into an open-end
investment company and certain related matters.
For 1,929,388.296
Against 4,217,475.147
Abstain 113,059.000
Del N-Votes 6,525,677.000
