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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000943663-01-500070.txt : 20010504
<SEC-HEADER>0000943663-01-500070.hdr.sgml : 20010504
ACCESSION NUMBER:		0000943663-01-500070
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010503

FILER:

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

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		
		SEC FILE NUMBER:	811-04611
		FILM NUMBER:		1621263

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

	MAIL ADDRESS:	
		STREET 1:		ONE SEAPORT PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10292
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>defa14a.htm
<TEXT>

<HTML>
<HEAD>
<TITLE>DEFA14A</TITLE>
</HEAD>
<BODY><BR><CENTER>ABERDEEN ASIA PACIFIC INCOME FUND, INC.<BR>
FORMERLY, THE FIRST AUSTRALIA PRIME INCOME FUND, INC.</CENTER>
<BR>
May 3, 2001<BR>
<BR>
<BR>
<CENTER>IMPORTANT - PLEASE VOTE TODAY<BR>
SAVE YOUR FUND FROM ADDITIONAL EXPENSES</CENTER><BR>
<BR>
Dear Shareholder:<BR>
<BR>
<P>As we have previously
written, the Fund&#146;s Annual Meeting has been adjourned until May 10, 2001 to
give shareholders additional time to vote on the proposals to amend the
Fund&#146;s investment objective, investment policies and investment
restrictions (the &#147;Investment Proposals&#148;). The proposal to eliminate
the requirement for shareholder approval of any subsequent changes in the
Fund&#146;s investment policies has been withdrawn. </P>

<P>According to our latest
records, your shares have not yet been voted. At the time of the originally
scheduled Annual Meeting, an insufficient number of shareholders had voted on
the Investment Proposals to meet the minimum vote requirement necessary for
approval. Because of that vote requirement, a failure to vote on the Investment
Proposals has the same effect as a vote against those proposals. </P>

<P>The Investment Proposals
would enable the Fund to increase its investment in Asian debt markets and
reflect the efforts of the Investment Manager and Investment Adviser to promote
investment diversification and flexibility. Your Board has unanimously
recommended that shareholders vote for the Investment Proposals. </P>

<P>Please save the Fund from
additional solicitation expenses by voting your shares today. Since time is
short, we have established a method that will enable you to vote by a toll-free
telephone call. Please follow the simple steps listed below. </P>

<P>If you have any questions
or need assistance in the last minute voting of your shares, please call
Innisfree M&amp;A Incorporated, toll-free at 1-888-750-5834. </P>
<BR>
Thank you for your support,<BR>
<BR>
Aberdeen Asia Pacific Income Fund, Inc.<BR>
Formerly, The First Australia Prime Income Fund, Inc.<BR>
<BR>
<CENTER>INSTRUCTIONS</CENTER>
<BR>
<BR>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Call Toll-Free 1-XXXXXXXX, anytime, day or night.
<BR>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tell the operator that you wish to send a collect Proxygram to ID No. XXXXX,<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aberdeen Asia Pacific Income Fund, Inc. or The First Australia Prime Income Fund, Inc.
<BR>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State your name, address and telephone number.
<BR>4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State the bank or broker at which your shares are held and your control number as shown below:
<BR>
<BR><CENTER>Name:                     XXXXXXX
<BR>Broker:          XXXXXXX
<BR>Control Number:  XXXXXXX
<BR>Number of Shares XXXXXXX</CENTER>

<BR>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Give the operator your voting preferences, using the proxy text below.<BR>
<BR>
<BR><CENTER>[Text of Proxy Card]</CENTER>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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