EMERGING MARKETS TELECOMMUNICATIONS FUND INC
NSAR-B, 1999-07-30
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SIGNATURE   MICHAEL A. PIGNATARO
TITLE       CHIEF FINANCIAL OFCR


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000884042
<NAME> THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC.

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</TABLE>


Report of Independent Accountants


To the Shareholders and Board of Directors
of The Emerging Markets Telecommunications Fund, Inc.:

In our opinion, the accompanying statement of assets and
liabilities, including the schedule of investments, and the
related statements of operations and of changes in net assets
and the financial highlights presents fairly, in all material
respects, the financial position of The Emerging Markets
Telecommunications Fund, Inc. (the "Fund") at May 31, 1999 and
the results of its operations, the changes in its net assets and
its financial highlights for each of the periods presented, in
conformity with generally accepted accounting principles.
These financial statements and financial highlights (hereafter
referred to as "financial statements") are the responsibility
of the Funds' management; our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits of these financial statements in accordance
with generally accepted auditing standards which require
that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial
statement presentation.  We believe that our audits, which included
confirmation of securities at May 31, 1999 by correspondence with
the custodian, provide a reasonable basis for the opinion
expressed above.


PricewaterhouseCoopers LLP


2400 Eleven Penn Center
Philadelphia, Pennsylvania
July 19, 1999



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