<DOCUMENT>
<TYPE>EX-99.J3
<SEQUENCE>16
<FILENAME>dex99j3.txt
<DESCRIPTION>EXHIBIT J3
<TEXT>
<PAGE>

                                                                  EXHIBIT (j)(3)



                                   Schedule A

         The following foreign banking institutions and foreign securities
depositories have been approved by the Board of Directors of The First Australia
Prime Income Fund, Inc. for use as subcustodians for the Fund's securities and
other assets:

                 Australia and New Zealand Banking Group Limited
                 WESTPAC Banking Corporation (New Zealand)
                 Chase AMP Bank Limited

</TEXT>
</DOCUMENT>
