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THE TAIWAN FUND, INC. ANNOUNCES PROPOSED OFFERING

 BOSTON, Nov. 15 /PRNewswire/ -- The Taiwan Fund, Inc.(NYSE: TWN) announced today the filing of a Registration Statement with the Securities and Exchange Commission regarding a proposed offering of an additional 2,704,800 shares of its common stock. The offering will be managed by Kleinwort Benson Limited and Asian Capital Partners Limited.
 The Fund is a diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation through investment primarily in equity securities listed on the Taiwan Stock Exchange in the Republic of China. China Securities Investment Trust Corporation is the Fund's investment adviser.
 The shares of the Fund are listed on the New York Stock Exchange under the symbol "TWN."
 For further information regarding the Fund and its proposed offering, please contact Fidelity Representatives at 1-800-544-3939, c/o The Taiwan Fund, Inc., 82 Devonshire St., Boston, MA 02109.
 A Registration Statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 11/15/93
 /CONTACT: Fidelity Representatives of The Taiwan Find, 800-544-3939/
 (TWN)


CO: Fidelity Investments; Taiwan Fund, Inc. ST: Massachusetts IN: FIN SU: OFR

CM-JL -- NE025 -- 4597 11/15/93 15:25 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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