-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 P1WSU3ZPL0fWfpPHltm32YYY6QPXQjrXdoowzcW5oyVTIO6jtnx/vBAaLRcw8gAB
 uX+EaVvkkaS/LeG0bSxu1A==

<SEC-DOCUMENT>0000943663-01-500086.txt : 20010517
<SEC-HEADER>0000943663-01-500086.hdr.sgml : 20010517
ACCESSION NUMBER:		0000943663-01-500086
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20010516

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:		1640726

	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>WEBSITE</TITLE>
</HEAD>
<BODY>
<B><BIG><BIG><BIG>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NEWS FLASH:</BIG></BIG></BIG>
<BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;<U>
ABERDEEN ASIA-PACIFIC INCOME FUND ANNOUNCES RECONVENING OF </U>
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>
THE ANNUAL MEETING OF SHAREHOLDERS ON JUNE 1, 2001</U><br></B>
<br>
(New York, NY, May 10, 2001) -- Aberdeen Asia-Pacific Income Fund, Inc. (formerly known as The First Australia Prime
Income Fund, Inc.), a closed-end bond fund <B>(ASE: FAX / PSE: FAX), </B>today announced that its Annual Meeting of
Shareholders reconvened on Thursday May 10, 2001, was adjourned to permit further solicitation of proxies with respect
to the proposals to amend the Fund's investment objective, investment policies, and investment restrictions.
<BR><BR>
These proposals will be considered when the Annual Meeting is reconvened on June 1, 2001 at 1:00 p.m. at 30
Rockefeller Plaza, 23rd Floor, New York, NY.
<br><br>
The Fund noted the
solicitation of proxies has resulted to date in shareholder voting instructions
at a ratio of approximately 4 to 1 in favor of the proposals.
<BR>
<BR>At a special
meeting of the Board of Directors held on April 26, 2001, the Board determined
to withdraw from consideration at the Annual Meeting a proposal (Proposal 3D) to
eliminate the requirement that any subsequent changes in the Fund&#146;s
investment policies be approved by shareholders. In reaching its decision, the
Board considered concerns expressed by shareholders that shareholders retain
their ability to vote on any such subsequent changes to the Fund&#146;s
investment policies. Accordingly, at the adjourned Annual Meeting on June 1,
2001, shareholders will be asked to vote on only Proposals 3A, 3B, and 3C.<br><br>


The Board of Directors recommends that shareholders vote in favor of Proposals 3A, 3B, and 3C and urges shareholders
to sign and mail their proxy cards promptly.<br><br>

**************************************************************
<br><br><B>The First Australia
Prime Income Fund, now renamed Aberdeen Asia-Pacific Income Fund, sent to
shareholders of record March 5, 2001 a Proxy Statement dated March 19, 2001. The
Board of Directors is seeking shareholder approval to amend the Fund&#146;s
investment objective, investment policies and restrictions. Please contact
Innisfree M&amp;A, the Proxy Solicitor at 800-750-5834 for registered and
beneficial shareholder voting procedures.</B>
<br>
<br>
<B>
THE ANNUAL MEETING HAS BEEN ADJOURNED UNTIL JUNE 1, 2001 TO
<BR>PROVIDE SHAREHOLDERS ADDITIONAL TIME TO VOTE ON CERTAIN ITEMS.
<br>PLEASE VOTE YOUR SHARES TODAY!
</B>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
