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<SEC-DOCUMENT>/in/edgar/work/0000943663-00-000348/0000943663-00-000348.txt : 20001107
<SEC-HEADER>0000943663-00-000348.hdr.sgml : 20001107
ACCESSION NUMBER:		0000943663-00-000348
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20001106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST AUSTRALIA PRIME INCOME FUND INC
		CENTRAL INDEX KEY:			0000790500
		STANDARD INDUSTRIAL CLASSIFICATION:	 [0000
]		IRS NUMBER:				133334183
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		DEFA14A
			SEC ACT:		
			SEC FILE NUMBER:	811-04611
			FILM NUMBER:		753723
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		ONE SEAPORT PLAZA
				CITY:			NEW YORK
				STATE:			NY
				ZIP:			10292
				BUSINESS PHONE:		2122141250
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		ONE SEAPORT PLAZA
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10292
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>SUPPLEMENTARY PROXY MATERIALS
<TEXT>

[LOGO]              THE FIRST AUSTRALIA PRIME INCOME FUND, INC.
                         THE FIRST AUSTRALIA FUND, INC.                   [LOGO]
[LOGO]                  THE FIRST COMMONWEALTH FUND, INC.


<PAGE>


                         ACQUISITION OF EQUITILINK GROUP
________________________________________________________________________________


    The EquitiLink Group is being acquired by Aberdeen Asset Management, PLC



                              [LOGOS OF EACH FUND]

<PAGE>


ABERDEEN
A GLOBAL ASSET MANAGER
________________________________________________________________________________

o     Aberdeen is a publicly listed UK company

o     Presence in the UK, US, Ireland, Singapore, Luxembourg, Middle East and
      Hong Kong

o     Assets under management of US$40 billion*


*As at October 30, 2000


<PAGE>


ABERDEEN
A GLOBAL INVESTMENT SPECIALIST
________________________________________________________________________________

o     Excellent track record in product performance and innovation

o     One of the largest closed-end fund managers in the UK

o     Depth of expertise in Asian financial markets



<PAGE>


NEW MANAGEMENT & ADVISORY
CONTRACTS
________________________________________________________________________________

o     Shareholders to approve new management and advisory contracts

o     New contracts to be substantially the same

o     No change in rates of management and advisory fees



<PAGE>


ABERDEEN OFFERS STABILITY AND
CONTINUITY
________________________________________________________________________________

o     Continuity of investment team

o     Continuity of investment philosophy and process



<PAGE>


BENEFITS TO SHAREHOLDERS
________________________________________________________________________________

The Aberdeen Group brings long-term commitment

Extensive experience managing closed-end funds

Expertise in Asia plus global capabilities


<PAGE>


RECOMMENDATION
________________________________________________________________________________

                         Your Fund's Board of Directors
                       recommends that you vote "FOR" the
                           new advisory and management
                                    contracts

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
