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THE TAIWAN FUND, INC. ANNOUNCES INVESTMENT PERFORMANCE

 BOSTON, Dec. 29 /PRNewswire/ -- The Taiwan Fund, Inc. (NYSE: TWN) announced today details regarding its annual dividend and investment performance for the three month period ended Nov. 30, 1992.
 The board of directors of the Fund voted to pay on Jan. 14, 1993 (ex date Dec. 29, 1992) to shareholders of record at the opening of business on Dec. 29, 1992, a dividend of 12 cents per share from net investment income.
 the Fund reported a net asset value per share as of the close of business on Nov. 30, 1992 of $19.42. This is a decrease of 26 cents per share or 1.32 percent from the $19.68 net asset value per share reported on Aug. 31, 1992. In the same period, the Taiwan Stock Exchange (TAIEX) declined 6.88 percent, and the New Taiwan dollar declined 1.48 percent against the U.S. dollar.
 For the quarter ended Nov. 30, 1992, the Fund had net realized losses on investment transactions of $4,465,114 and net unrealized appreciation on investments held of $1,889,812. Net investment income (consisting of dividend and interest income less operating expenses) for the quarter was $446,355.
 The Taiwan Fund, Inc. is a diversified closed-end investment company which seeks long-term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange.
 TAIWAN FUND, INC.
 Financial Highlights
 Quarter Ended
 Nov. 30, 1992
 Total net assets $156,066,644
 Gross investment income $1,507,260
 Per share 19 cents
 Net investment income $446,355
 Per share 6 cents
 Net realized gain (loss)
 on investments $(4,465,114)
 Per share (56 cents)
 Change in net unrealized gain (loss)
 on investments $1,889,812
 Per share 24 cents
 Net increase (decrease) in net assets
 resulting from operations $(2,128,947)
 Per share (26 cents)
 NYSE share price
 High $19.87
 Low $16.00
 -0- 12/29/92
 /CONTACT: Sarah Murphy of Fidelity Investments, 617-439-1220/
 (TAI)


CO: The Taiwan Fund; Fidelity Investments ST: Massachusetts IN: FIN SU: ERN

TM -- NE004 -- 0362 12/29/92 14:11 EST
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Publication:PR Newswire
Date:Dec 29, 1992
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