Credit Suisse Asset Management Invites You to Participate in a Conversation Of The First Israel Fund, Inc.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 8, 2001

Credit Suisse Asset Management invites you to participate in a conversation with:

                             Richard Watt
                Chief Investment Officer and President
                                  of
                      The First Israel Fund, Inc.
                                  and
                      Rafi Kessel and Dani Zabar
     from Analyst Exchange and Trading Services, Ltd., Sub-advisor

to review developments in The First Israel Fund, Inc. for 2000 and to
        discuss the prospects for the Israeli market for 2001
                                  On
                     Thursday, January 25th, 2001
                                  At
                              11:00 am EST

                Domestic Call In Number 1-800-370-2237
              International Call in Number 1-703-326-3050
                      Confirmation Code: 4889859

           Replay Number for Domestic Callers 1-888-266-2081
        Replay Number for International Callers 1-703-925-2533
                      Confirmation Code: 4889859
                (Available through February 1st, 2001)