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SIGNATURE MICHAEL A. PIGNATARO
TITLE TREASURER
<TABLE> <S> <C>
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<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1996
<PERIOD-END> NOV-30-1995
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</TABLE>
For period ending: November 30, 1995 Sub ( Item 77C
File Number: 811( 6562
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
On September 21,1995, the annual meeting of shareholders of The
Emerging Markets Telecommunications Fund, Inc. (the "Fund") was
held and the following matters were voted upon:
(1) To re-elect two directors to the Board of Directors of the Fund.
Name of Votes Votes
Director Votes For Against Withheld Non-Votes
Martin Torino 7,100,720 ( 132,514 1,201,685
Peter Gordon 7,096,812 ( 136,422 1,201,685
In addition to the directors elected at the meeting, Emilio Bassini,
James Cattano, Daniel Sigg and George Landau continue to serve as
directors of the Fund.
(2) To ratify the selection of Coopers & Lybrand L.L.P. as
independent accountants for the fiscal year ending
May 31, 1996.
Votes For Votes Against Votes Withheld Non-Votes
6,995,138 156,738 81,358 1,201,685
Registrant Name: The Emerging Markets Telecommunications Fund, Inc.
SEC File Number: 811( 6562
CIK Number: 0000884042
Shares
Selling Purchased
Issuer Trade Date Broker (000's)
Portugal Telecom 06/12/95 N/A* 111.4
Price Percent of
Per Share Fund Percent of Syndicate
(U.S.$) Assets (1) Issue (2) Member
$18.73 1.22% 0.80% C/S First Boston
(1) Purchase may not exceed 3% of the Fund's total assets.
(2) Represents purchase by the affiliated fund, The Emerging Markets,
Telecommunications may not exceed the greater of (i) 4% of
the principal amount of the offering, or (ii) $500,000 in principal
amount, but in no event greater than 10% of the principal amount
to the offering.
* These shares were obtained through an exchange of shares of
Marconi directly with the company.
g:\ik\etf\misc\secfile
