<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000846676
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 CHILE FUND, INC.
001 B000000 811-5770
001 C000000 2122729027
002 A000000 ONE CITICORP CENTER,153 EAST 53RD STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 BEA ASSOCIATES
008 B000001 A
008 C000001 801-5083
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
008 A000002 CELFIN SERVICIOS FINANCIEROS LIMITADA
008 B000002 S
008 C000002 801-34897
008 D010002 SANTIAGO
008 D050002 CHILE
010 A000001 BEAR STEARNS FUNDS MANAGEMENT INC.
010 B000001 801-29862
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10167
010 A000002 BEA ADMINISTRATION, ADMINISTRADORA DE FONDOS
010 C010002 SANTIAGO
010 C050002 CHILE
011 A000001 SALOMON BROTHERS, INC.
011 B000001 8-26920
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10004
011 A000002 NM ROTHCHILD & SONS LIMITED
011 B000002 8-00000
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10004
<PAGE> PAGE 2
012 A000001 THE FIRST NATIONAL BANK OF BOSTON
012 B000001 85-10813
012 C010001 BOSTON
012 C020001 MA
012 C030001 02102
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E040001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 CELFIN SERVICIOS FINANCIEROS LIMITADA
020 C000001 40
020 A000002 LARRAIN VIAL S.A.
020 C000002 14
020 A000003 MORGAN STANLEY & CO.
020 B000003 13-2655998
020 C000003 7
020 A000004 BROWN BROTHERS HARRIMAN & CO.
020 B000004 13-4973745
020 C000004 6
020 A000005 INTERFIRST CORP. (HOLDING CO. OF INTERFIRST D
020 C000005 6
020 A000006 BEAR STEARNS & CO.
020 B000006 13-3299429
020 C000006 4
020 A000007 DE LA CERDA Y HATTON
020 C000007 4
020 A000008 CORREDORES ASOCIADOS S.A.
020 C000008 3
020 A000009 URETA Y DIACHIIYCIA CORREDORES DE ROSA
020 C000009 3
020 A000010 CRUZ BLANCA
020 C000010 2
021 000000 91
022 A000001 CELFIN SERVICIOS FINANCIEROS LIMITADA
022 C000001 35542
022 D000001 33255
022 A000002 BROWN BROTHERS HARRIMAN & CO.
022 B000002 13-4973745
022 C000002 18523
022 D000002 4470
022 A000003 LARRAIN VIAL S.A.
022 C000003 7162
<PAGE> PAGE 3
022 D000003 4807
022 A000004 BARCLAYS DE ZOETE WEDD LTDUPDATE
022 B000004 13-3551367
022 C000004 990
022 D000004 6930
022 A000005 BEAR STEARNS & CO.
022 B000005 13-3299429
022 C000005 0
022 D000005 1142
022 A000006 MORGAN STANLEY & CO.
022 B000006 13-2655998
022 C000006 0
022 D000006 373
022 A000007 GOLDMAN, SACHS & CO.
022 B000007 13-5108880
022 C000007 0
022 D000007 215
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 62217
023 D000000 51192
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
<PAGE> PAGE 4
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
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 50000
048 A020000 1.200
048 B010000 50000
048 B020000 1.150
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
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 100000
048 K020000 1.100
049 000000 N
050 000000 N
051 000000 N
<PAGE> PAGE 5
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 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 Y
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
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
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
<PAGE> PAGE 6
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 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 17683
071 B000000 8796
071 C000000 369772
071 D000000 2
072 A000000 12
072 B000000 908
072 C000000 13694
072 D000000 0
072 E000000 0
<PAGE> PAGE 7
072 F000000 4187
072 G000000 392
072 H000000 0
072 I000000 42
072 J000000 469
072 K000000 0
072 L000000 75
072 M000000 20
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 58
072 R000000 68
072 S000000 70
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 146
072 X000000 5527
072 Y000000 0
072 Z000000 9075
072AA000000 2625
072BB000000 0
072CC010000 3281
072CC020000 0
072DD010000 9024
072DD020000 0
072EE000000 3153
073 A010000 0.6500
073 A020000 0.0000
073 B000000 0.2200
073 C000000 0.0000
074 A000000 555
074 B000000 0
074 C000000 7887
074 D000000 0
074 E000000 0
074 F000000 373513
074 G000000 0
074 H000000 0
074 I000000 1409
074 J000000 960
074 K000000 0
074 L000000 116
074 M000000 32
074 N000000 384472
074 O000000 0
074 P000000 1096
074 Q000000 0
074 R010000 0
074 R020000 0
<PAGE> PAGE 8
074 R030000 0
074 R040000 13101
074 S000000 0
074 T000000 370275
074 U010000 13997
074 U020000 0
074 V010000 26.45
074 V020000 0.00
074 W000000 0.0000
074 X000000 1057
074 Y000000 0
075 A000000 0
075 B000000 379592
076 000000 26.00
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 GULF INSURANCE COMPANY, INC.
080 C000000 6000
081 A000000 Y
081 B000000 11
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 10
086 A020000 426
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 THE CHILE FUND, INC.
087 A020000 168834109
087 A030000 CH
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE MICHAEL PIGNATARO
TITLE CFO
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000846676
<NAME> THE CHILE FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 125581585
<INVESTMENTS-AT-VALUE> 382808559
<RECEIVABLES> 1076481
<ASSETS-OTHER> 586663
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384471703
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14196208
<TOTAL-LIABILITIES> 14196208
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114185155
<SHARES-COMMON-STOCK> 13996918
<SHARES-COMMON-PRIOR> 6989326
<ACCUMULATED-NII-CURRENT> 109048
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1196815)
<ACCUM-APPREC-OR-DEPREC> 257178107
<NET-ASSETS> 370275495
<DIVIDEND-INCOME> 13694166
<INTEREST-INCOME> 907668
<OTHER-INCOME> 0
<EXPENSES-NET> 5526889
<NET-INVESTMENT-INCOME> 9074945
<REALIZED-GAINS-CURRENT> 2624661
<APPREC-INCREASE-CURRENT> 3280611
<NET-CHANGE-FROM-OPS> 14980217
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9024230)
<DISTRIBUTIONS-OF-GAINS> (3152971)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 18580
<NET-CHANGE-IN-ASSETS> 3228614
<ACCUMULATED-NII-PRIOR> 312007
<ACCUMULATED-GAINS-PRIOR> (922179)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4186739
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5526889
<AVERAGE-NET-ASSETS> 379591581
<PER-SHARE-NAV-BEGIN> 26.26
<PER-SHARE-NII> .65
<PER-SHARE-GAIN-APPREC> .41
<PER-SHARE-DIVIDEND> (.65)
<PER-SHARE-DISTRIBUTIONS> (.22)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.45
<EXPENSE-RATIO> 1.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors of
The Chile Fund, Inc.:
In planning and performing our audit
of the financial statements and
financial highlights of The Chile Fund,
Inc. for the year ended December 31, 1995,
we considered its internal control structure,
including procedures for safeguarding
securities, in order to determine our
auditing procedures for the purpose of
expressing our opinion on the financial
statements and financial highlights
and to comply with the requirements of
Form N-SAR, not to provide assurance
on the internal control structure.
The management of The Chile Fund, Inc. is
responsible for establishing and maintaining
an internal control structure. In fulfilling
this responsibility, estimates and judgments
by management are required to assess the
expected benefits and related costs of
internal control structure policies and
procedures. Two of the objectives of an
internal control structure are to provide
management with reasonable, but not absolute,
assurance that assets are safeguarded against
loss from unauthorized use or disposition and
that transactions are executed in accordance
with management's authorization and recorded
properly to permit preparation of financial
statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal
control structure, errors or irregularities
may occur and not be detected. Also, projection
of any evaluation of the structure to future
periods is subject to the risk that it may
become inadequate because of changes in
conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control
structure would not necessarily disclose
all matters in the internal control structure
that might be material weaknesses under
standards established by the American Institute
of Certified Public Accountants. A material
weakness is a condition in which the design
or operation of the specific internal control
structure elements does not reduce to a relatively
low level the risk that errors or irregularities
in amounts that would be material in relation
to the financial statements and financial highlights
being audited may occur and not be detected within
a timely period by employees in the normal course
of performing their assigned functions. However,
we noted no matters involving the internal
control structure, including procedures for
safeguarding securities, that we consider to
be material weaknesses, as defined above, as
of December 31, 1995.
This report is intended solely for the
information and use of management and the
Board of Directors of The Chile Fund, Inc.
and the Securities and Exchange Commission.
COOPERS & LYBRAND L.L.P.
2400 Eleven Penn Center
Philadelphia, Pennsylvania
February 16, 1996
