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SIGNATURE MICHAEL PIGNATARO
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000913662
<NAME> THE EMERGING MARKETS INFRASTRUCTURE FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
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<INVESTMENTS-AT-VALUE> 184837084
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</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors of
The Emerging Markets Infrastructure Fund, Inc.:
In planning and performing our audit of the financial
statements and financial highlights of The Emerging Markets
Infrastructure Fund, Inc. (the "Fund") for the year ended
November 30, 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 Fund 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 do 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 November 30, 1995.
This report is intended solely for the information and use
of management and Board of Directors of The Emerging
Markets Infrastructure Fund, Inc. and the Securities and
Exchange Commission.
Coopers & Lybrand L.L.P. 2400 Eleven Penn Center
Philadelphia, Pennsylvania January 12, 1996
For period ending: November 30, 1995 Sub ( Item 77C
File Number: 811( 8076
RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
(unaudited)
On March 30,1995, the annual meeting of shareholders of The
Emerging Markets Infrastructure 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
George Landau 12,752,713 __ 748,716 2,605,740
Martin Torino 12,742,967 ( 758,462 2,605,740
Daniel Sigg 12,737,385 __ 764,044 2,605,740
Peter Gordon 12,740,689 ( 760,740 2,605,740
Emilio Bassini 12,755,960 __ 745,469 2,605,740
James Cattano 12,738,249 __ 763,180 2,605,740
(2) To ratify the selection of Coopers & Lybrand L.L.P. as
independent accountants for the fiscal year ending
November 30, 1995.
Votes For Votes Against Votes Withheld Non-Vote
12,756,468 658,878 86,083 2,605,740
g:\ik\emi\misc\subsec
Registrant Name: The Emerging Markets Infrastructure Fund, Inc.
SEC File Number: 811( 8076
CIK Number: 0000913662
Shares
Selling Purchased
Issuer Trade Date Broker (000's)
Portugal Telecom 06/12/95 N/A* 144,857
Price Percent of
Per Share Fund Percent of Syndicate
(U.S.$) Assets (1) Issue (2) Member
$18.73 1.28% 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 Portugal Fund,
Inc.; 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\emi\misc\secfile
