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<SEC-DOCUMENT>0000950123-07-002638.txt : 20070223
<SEC-HEADER>0000950123-07-002638.hdr.sgml : 20070223
<ACCEPTANCE-DATETIME>20070223132619
ACCESSION NUMBER:		0000950123-07-002638
CONFORMED SUBMISSION TYPE:	N-23C3A
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20070223
FILED AS OF DATE:		20070223
DATE AS OF CHANGE:		20070223
EFFECTIVENESS DATE:		20070223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDIA FUND INC
		CENTRAL INDEX KEY:			0000917100
		IRS NUMBER:				133749070
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C3A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00883
		FILM NUMBER:		07644878

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		866-800-8933

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDIA FUND INC /NY NEW
		DATE OF NAME CHANGE:	19940106
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C3A
<SEQUENCE>1
<FILENAME>y30169nv23c3a.htm
<DESCRIPTION>FORM N-23C-3
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM N-23C-3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM&nbsp;N-23c-3</B>
</DIV>
<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Notification of Repurchase Offer</B>
</DIV>
<DIV align="center" style="font-size: 12pt; margin-top: 12pt">Pursuant to Rule&nbsp;23c-3&nbsp;[17&nbsp;CFR&nbsp;270.23c-3]
</DIV>
<DIV align="center" style="font-size: 12pt; margin-top: 24pt">&nbsp;
</DIV>
<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 10pt">
<TR style="font-size: 6pt">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="97%">&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="left">1.</TD>
    <TD>&nbsp;</TD>
    <TD>Investment Company Act File Number:&nbsp;811-08266<BR>
Date of Notification:&nbsp;February&nbsp;23, 2007
</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="left">2.</TD>
    <TD>&nbsp;</TD>
    <TD>Exact name of investment company as specified in registration statement:<BR>&nbsp;<BR>THE INDIA FUND, INC.</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>

<TR><TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="left">3.</TD>
    <TD>&nbsp;</TD>
    <TD>Address of principal executive office:&nbsp;(number, street, city, state, zip code)<BR>&nbsp;<BR>
345 Park Avenue<BR>
New York, NY 10154
</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD align="left">4.</TD>
    <TD>&nbsp;</TD>
    <TD>Check one of the following:</TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%" style="font-size: 10pt">

<TR style="font-size: 6pt">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">A.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings">&#120;</FONT></TD>
    <TD>&nbsp;</TD>
<TD align="left">The notification pertains to a periodic repurchase offer under paragraph&nbsp;(b) of Rule&nbsp;23c-3.
</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">B.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
<TD align="left">The notification pertains to a discretionary repurchase offer under paragraph&nbsp;(c) of Rule&nbsp;23c-3.
</TD>
</TR>
<TR><TD>&nbsp;</TD>
</TR>
<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">C.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
<TD align="left">The notification pertains to a periodic repurchase offer under paragraph&nbsp;(b) of Rule&nbsp;23c-3
and a discretionary repurchase offer under paragraph&nbsp;(c) of Rule&nbsp;23c-3.
</TD>
</TR>
</TABLE>




<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/&nbsp;&nbsp;Prakash Melwani
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;Prakash Melwani</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;<BR>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">Director and President of the Fund
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Title)</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>
</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.I
<SEQUENCE>2
<FILENAME>y30169exv99wawi.htm
<DESCRIPTION>EX-99.A.I: OFFER TO REPURCHASE
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.I</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">OFFER TO REPURCHASE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 23%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=120 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">OFFER
    BY<BR>
    THE INDIA FUND, INC.<BR>
    TO REPURCHASE UP TO 5%<BR>
    OF ITS ISSUED AND OUTSTANDING<BR>
    SHARES&#160;OF COMMON STOCK</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 23%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=120 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THIS
    REPURCHASE OFFER WILL EXPIRE ON MARCH&#160;16, 2007<BR>
    AT 5:00&#160;P.M., NEW YORK CITY TIME (THE &#147;REPURCHASE
    REQUEST DEADLINE&#148;)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 23%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=120 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIS OFFER TO REPURCHASE AND THE ACCOMPANYING LETTER OF
    TRANSMITTAL (WHICH TOGETHER CONSTITUTE THE &#147;REPURCHASE
    OFFER&#148;) ARE NOT CONDITIONED ON ANY MINIMUM NUMBER OF
    SHARES&#160;BEING TENDERED, BUT ARE SUBJECT TO OTHER CONDITIONS
    AS OUTLINED HEREIN AND IN THE LETTER OF TRANSMITTAL.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NO PERSON HAS BEEN AUTHORIZED TO GIVE ANY INFORMATION OR TO MAKE
    ANY REPRESENTATIONS IN CONNECTION WITH THE REPURCHASE OFFER
    OTHER THAN THOSE CONTAINED HEREIN AND IN THE LETTER OF
    TRANSMITTAL, AND IF GIVEN OR MADE, SUCH INFORMATION OR
    REPRESENTATIONS MAY NOT BE RELIED UPON AS HAVING BEEN AUTHORIZED
    BY THE INDIA FUND, INC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    February&#160;23, 2007
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="2%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="90%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="3" nowrap align="center" valign="bottom">
    <B>Page</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'><FONT style="font-size: 10pt">1.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#101'><FONT style="font-size: 10pt">Number of
    Shares</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">3
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#102'><FONT style="font-size: 10pt">2.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#102'><FONT style="font-size: 10pt">Price; Repurchase
    Fee</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">3
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#103'><FONT style="font-size: 10pt">3.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#103'><FONT style="font-size: 10pt">Purpose of the
    Repurchase Offer</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">3
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#104'><FONT style="font-size: 10pt">4.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#104'><FONT style="font-size: 10pt">Effect of the
    Offer; Source and Amount of Funds</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">3
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#105'><FONT style="font-size: 10pt">5.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#105'><FONT style="font-size: 10pt">Procedure for
    Tendering Shares</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">4
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'><FONT style="font-size: 10pt">6.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#106'><FONT style="font-size: 10pt">Stockholders&#146;
    Right to Withdraw Tendered Shares</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">6
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'><FONT style="font-size: 10pt">7.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#107'><FONT style="font-size: 10pt">Acceptance for
    Payment and Payment</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">6
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#108'><FONT style="font-size: 10pt">8.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#108'><FONT style="font-size: 10pt">Suspensions and
    Postponements of Repurchase Offer</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">7
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#109'><FONT style="font-size: 10pt">9.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#109'><FONT style="font-size: 10pt">NAV and Market
    Price</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">7
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#110'><FONT style="font-size: 10pt">10.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#110'><FONT style="font-size: 10pt">Information with
    Respect to the Fund and the Fund&#146;s Investment
    Manager</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">7
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#111'><FONT style="font-size: 10pt">11.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#111'><FONT style="font-size: 10pt">Certain Fees and
    Expenses</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">8
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#112'><FONT style="font-size: 10pt">12.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <A HREF='#112'><FONT style="font-size: 10pt">Miscellaneous</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">8
    </FONT>
</TD>
<TD>
</TD>
</TR>
<TR valign="bottom">
<TD>
</TD>
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#113'><FONT style="font-size: 10pt">13.</FONT></A>
</DIV>
</TD>
<TD>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <A HREF='#113'><FONT style="font-size: 10pt">Federal Income Tax
    Consequences</FONT></A>
</TD>
<TD>
&nbsp;
</TD>
<TD>
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-size: 10pt">8
    </FONT>
</TD>
<TD>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
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    <BR>
    2
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<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>To the Stockholders of THE INDIA FUND, INC.:</B>
</DIV>
<A name='101'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>1.&#160;Number of Shares.</A></B>&#160;&#160;The India Fund,
    Inc. (the &#147;Fund&#148;), a Maryland corporation registered
    under the Investment Company Act of 1940, as amended (the
    &#147;1940 Act&#148;), as a closed-end, non-diversified
    management investment company, hereby offers to repurchase up to
    5% of the issued and outstanding shares of common stock in the
    Fund (the &#147;Shares&#148;) as of March&#160;16, 2007 (the
    &#147;Repurchase Offer Amount&#148;), which are tendered and not
    withdrawn prior to 5:00&#160;p.m., New York City Time,
    March&#160;16, 2007 (the &#147;Repurchase Request
    Deadline&#148;). The Fund has established a record date of
    February&#160;16, 2007, for identifying stockholders eligible to
    receive Repurchase Offer materials.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Repurchase Offer is being made to all stockholders of the
    Fund (&#147;Stockholders&#148;) and is not conditioned upon any
    minimum number of Shares being tendered. NEITHER THE FUND, ITS
    BOARD OF DIRECTORS (THE &#147;BOARD&#148;) NOR THE INVESTMENT
    MANAGER IS MAKING ANY RECOMMENDATION TO ANY STOCKHOLDER WHETHER
    TO TENDER OR REFRAIN FROM TENDERING SHARES&#160;IN THE
    REPURCHASE OFFER. The Fund and the Board urge each Stockholder
    to read and evaluate the Repurchase Offer and related materials
    carefully and make his or her own decision.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the number of Shares properly tendered and not withdrawn
    prior to the Repurchase Request Deadline is less than or equal
    to the Repurchase Offer Amount, the Fund will, upon the terms
    and conditions of the Repurchase Offer, purchase all Shares so
    tendered. If more Shares than the Repurchase Offer Amount are
    duly tendered and not withdrawn prior to the Repurchase Request
    Deadline, the Fund will either (1)&#160;repurchase all of the
    additional Shares tendered, if the amount of such additional
    Shares does not exceed 2% of the Shares issued and outstanding
    on the Repurchase Request Deadline, or (2)&#160;purchase the
    Repurchase Offer Amount of Shares on a pro rata basis, provided,
    however, that the Fund may accept all Shares tendered by
    Stockholders who own, beneficially or of record, an aggregate of
    not more than 99&#160;Shares and who tender all of their Shares,
    before prorating Shares tendered by others.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of February&#160;16, 2007, 44,964,154.2955&#160;Shares were
    issued and outstanding. The Fund does not anticipate that the
    number of Shares as of the Repurchase Request Deadline will be
    materially different.
</DIV>
<A name='102'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>2.&#160;Price; Repurchase Fee.</A></B>&#160;&#160;The
    repurchase price of the Shares will be their net asset value
    (&#147;NAV&#148;) at the close of regular trading on the New
    York Stock Exchange (&#147;NYSE&#148;) on March&#160;23, 2007
    (the &#147;Repurchase Pricing Date&#148;). The Shares tendered
    pursuant to the Repurchase Offer will be subject to a repurchase
    fee (the &#147;Repurchase Fee&#148;) equal to 2% of NAV per
    Share, which will be deducted from the repurchase price. The
    Fund normally calculates the NAV of its Shares each Friday at
    the close of regular trading on the NYSE. On February&#160;16,
    2007, the NAV was $44.07&#160;per Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the Repurchase Offer, the NAV of the Shares will be
    calculated as of the close of regular trading on the NYSE each
    Friday and each of the five business days (March&#160;12, 2007
    to March&#160;16, 2007)&#160;preceding the Repurchase Request
    Deadline (March&#160;16, 2007). <B>The Fund&#146;s Shares have
    recently been trading at a premium to the Fund&#146;s NAV per
    Share. It may not be in a Stockholder&#146;s interest to tender
    Shares in connection with the Repurchase Offer if the Shares
    continue to trade at a premium. The market price of the Shares
    can and does fluctuate. Accordingly, on the Repurchase Pricing
    Date, the market price of the Shares may be above or below the
    Fund&#146;s NAV per Share.</B> Stockholders can obtain the daily
    NAV and daily NYSE closing price of the Shares from
    March&#160;12, 2007 to March&#160;16, 2007 by calling Georgeson
    Inc. toll free at
    <FONT style="white-space: nowrap">1-866-297-1264</FONT>
    or, for banks and brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Shares are listed on the NYSE under the symbol
    &#145;&#145;IFN&#148;.  On February&#160;16, 2007, the closing
    price on the NYSE was $43.32&#160;per Share.
</DIV>
<A name='103'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>3.&#160;Purpose of the Repurchase
    Offer.</A></B>&#160;&#160;As with many closed-end investment
    companies, the trading price of the shares on the NYSE has
    historically been at a discount to, i.e., lower than, the NAV of
    the Shares. At a Special Meeting of the Stockholders on
    April&#160;30, 2003 (the &#147;Stockholder Meeting&#148;),
    Stockholders approved a proposal converting the Fund to an
    &#147;interval&#148; structure, pursuant to which the Fund would
    make semi-annual offers to repurchase at least 5%, but not more
    than 25%, of its outstanding Shares. The Repurchase Offer will
    permit tendering Stockholders to liquidate at least a portion of
    their Shares at approximately NAV (less the Repurchase Fee),
    while preserving the Fund as an investment vehicle for long-term
    capital appreciation for the remaining non-tendering
    Stockholders.
</DIV>
<A name='104'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>4.&#160;Effect of the Offer; Source and Amount of
    Funds.</A></B>&#160;&#160;The actual cost to the Fund of the
    Repurchase Offer cannot be determined at this time because the
    number of Shares to be purchased will depend on the number
    tendered, and the price will be based on the NAV per Share on
    the Repurchase Pricing Date. If the NAV per Share on the
    Repurchase Pricing Date is the same as
</DIV>

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    <BR>
    3
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the NAV per Share on February&#160;16, 2007 ($44.07&#160;per
    Share), and if 5% of the outstanding Shares are purchased
    pursuant to the Repurchase Offer, the cost to the Fund
    (excluding expenses and the Repurchase Fee) would be
    approximately $99,078,514.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The monies to be used by the Fund to purchase Shares pursuant to
    the Repurchase Offer will be obtained from cash and liquid
    securities in the Fund&#146;s investment portfolio.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Repurchase Offer may have certain adverse consequences for
    tendering and non-tendering Stockholders:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Fluctuation in NAV between the Repurchase Request Deadline
    and the Repurchase Pricing Date:</I>&#160;&#160;Stockholders
    must decide whether to tender their Shares prior to the
    Repurchase Request Deadline, but the NAV at which the Fund will
    repurchase Shares will not be calculated until the Repurchase
    Pricing Date. The NAV of the Shares may fluctuate between the
    Repurchase Request Deadline and the Repurchase Pricing Date, and
    there can be no assurance that the NAV of the Shares on the
    Repurchase Pricing Date will be as high as the NAV of the Shares
    on the Repurchase Request Deadline. <B>Moreover, the Fund&#146;s
    Shares have recently been trading at a premium to the
    Fund&#146;s NAV per Share. It may not be in a Stockholder&#146;s
    interest to tender Shares in connection with the Repurchase
    Offer if the Shares continue to trade at a premium. Accordingly,
    on the Repurchase Pricing Date, the market price of the Shares
    may be above or below the Fund&#146;s NAV per
    Share.</B>&#160;&#160;Pursuant to
    <FONT style="white-space: nowrap">Rule&#160;23c-3</FONT>
    under the 1940 Act, the Fund may use a Repurchase Pricing Date
    earlier than March&#160;23, 2007 if, on or immediately following
    the Repurchase Request Deadline, it appears that the use of an
    earlier Repurchase Pricing Date is not likely to result in
    significant dilution of the NAV of either Shares that are
    tendered in the Repurchase Offer or Shares that are not so
    tendered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Possible Proration:</I>&#160;&#160;If greater than 5% of the
    Fund&#146;s Shares are tendered pursuant to the Repurchase
    Offer, the Fund would be required to repurchase Shares tendered
    on a pro rata basis, subject to certain exceptions described in
    Section&#160;1, &#147;Number of Shares.&#148; Accordingly,
    Stockholders cannot be assured that all of their tendered Shares
    will be repurchased.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Recognition of Capital Gains:</I>&#160;&#160;As noted, the
    Fund may be required to sell portfolio securities pursuant to
    the Repurchase Offer, in which event it might recognize capital
    gains. The Fund expects that it would distribute any such gains
    to Stockholders (reduced by net capital losses realized during
    the fiscal year, if any) following the end of its fiscal year on
    December&#160;31. This recognition and distribution of gains, if
    any, would have two negative consequences: first, Stockholders
    at the time of declaration of the distributions would be
    required to pay taxes on a greater amount of capital gain
    distributions than otherwise would be the case; and second, to
    raise cash to make the distributions, the Fund might need to
    sell additional portfolio securities, thereby possibly realizing
    and recognizing additional capital gains. It is impossible to
    predict the amount of capital gains or losses that would be
    realized and recognized. In addition, some of the distributed
    gains may be realized on securities held for one year or less,
    which would generate income taxable to the Stockholders at
    ordinary income rates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Tax Consequences of Repurchases to
    Stockholders:</I>&#160;&#160;The Fund&#146;s purchase of
    tendered Shares pursuant to the Repurchase Offer will have tax
    consequences for tendering Stockholders and may have tax
    consequences for non-tendering Stockholders. See
    Section&#160;13, &#147;Federal Income Tax Consequences,&#148;
    below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Higher Expense Ratio and Less Investment
    Flexibility:</I>&#160;&#160;The reduced net assets of the Fund
    as a result of the Fund&#146;s annual Repurchase Offers will,
    over time, result in a higher expense ratio for the Fund, and
    possibly in less investment flexibility for the Fund, depending
    on the number of Shares repurchased.
</DIV>
<A name='105'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>5.&#160;Procedure for Tendering
    Shares.</A></B>&#160;&#160;Stockholders may tender some or all
    of their Shares by delivering or mailing a Letter of Transmittal
    or facsimile thereof (together with certificates and other
    required documents) to the Depositary at the appropriate address
    set forth at the end of this Repurchase Offer or by following
    the procedures for book-entry delivery set forth below (and
    causing a confirmation of receipt of such delivery to be
    received by the Depositary). In lieu of the foregoing, tendering
    Stockholders can comply with the guaranteed delivery procedures
    set forth below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To tender Shares properly, the certificates for Shares, together
    with a properly completed and duly executed Letter of
    Transmittal (or facsimile thereof) and any other documents
    required by the Letter of Transmittal, must be received prior to
    the Repurchase Request Deadline by the Depositary at the
    appropriate address set forth at the end of this Repurchase
    Offer, except as otherwise provided below in this Section.
    Letters of Transmittal and certificates representing tendered
    Shares should NOT be sent or delivered directly to the Fund.
    Stockholders having Shares registered in the name of a broker,
    dealer, commercial bank, trust company or other nominee should
    contact such firm if they desire to tender their Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Signatures on all Letters of Transmittal must be guaranteed by a
    member firm of a registered national securities exchange, a
    member of the National Association of Securities Dealers, Inc.
    or a commercial bank or trust company having an office, branch
    or agency in the United States (each being hereinafter referred
    to as an &#147;Eligible Institution&#148;), except in cases
    where Shares are
</DIV>

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    <BR>
    4
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<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    tendered (i)&#160;by a registered holder of Shares who has not
    completed either the box entitled &#147;Special Payment
    Instructions&#148; or the box entitled &#147;Special Delivery
    Instructions&#148; on the Letter of Transmittal or (ii)&#160;for
    the account of an Eligible Institution. See Instruction&#160;1
    of the Letter of Transmittal. If the certificates are registered
    in the name of a person other than the signer of the Letter of
    Transmittal, or if payment is to be made to a person other than
    the registered owner of the certificates surrendered, then the
    certificates must be endorsed or accompanied by appropriate
    stock powers, in either case signed exactly as the name or names
    of the registered owner or owners appear on the certificates,
    with the signature(s) on the certificates or stock powers
    guaranteed as aforesaid. See Instruction&#160;6 of the Letter of
    Transmittal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Fund&#146;s transfer agent holds Shares in uncertificated
    form for certain Stockholders pursuant to the Fund&#146;s
    dividend reinvestment plan. Stockholders may tender all such
    uncertificated Shares by completing the appropriate section in
    the Letter of Transmittal or Notice of Guaranteed Delivery.
    There may be tax consequences to a tendering Stockholder who
    tenders less than all Shares he or she owns. See
    Section&#160;13, &#147;Federal Income Tax Consequences,&#148;
    below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Depositary will establish accounts with respect to the
    Shares at the Depository Trust Company (&#147;DTC&#148;) for
    purposes of the Repurchase Offer within two business days after
    the date of this Offer to Repurchase. Any financial institution
    that is a participant in DTC&#146;s system may make delivery of
    tendered Shares by causing DTC to transfer such Shares into the
    Depositary&#146;s account in accordance with DTC&#146;s
    procedure for such transfer. However, although delivery of
    Shares may be effected through transfer into the
    Depositary&#146;s account at DTC, the Letter of Transmittal (or
    facsimile thereof), with any required signature guarantee and
    any other required documents, must, in any case, be transmitted
    to and received by the Depositary at the appropriate address set
    forth at the end of this Repurchase Offer before the Repurchase
    Request Deadline, or the tendering Stockholder must comply with
    the guaranteed delivery procedure described below. Delivery of
    documents to DTC in accordance with DTC&#146;s procedures does
    not constitute delivery to the Depositary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If certificates for Shares are not immediately available or time
    will not permit the Letter of Transmittal and other required
    documents to reach the Depositary prior to the Repurchase
    Request Deadline, Shares may nevertheless be tendered provided
    that all of the following conditions are satisfied:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such tenders are made by or through an Eligible
    Institution;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the Depositary receives, prior to the Repurchase
    Request Deadline, a properly completed and duly executed Notice
    of Guaranteed Delivery substantially in the form provided by the
    Fund (delivered either by hand, mail, telegram, telex or
    facsimile transmission);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the certificates for all tendered Shares, or book-entry
    confirmation, as the case may be, together with a properly
    completed and duly executed Letter of Transmittal and any other
    documents required by the Letter of Transmittal, are received by
    the Depositary within three NYSE trading days after receipt by
    the Depositary of such Notice of Guaranteed Delivery.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THE METHOD OF DELIVERY OF THE CERTIFICATES REPRESENTING SHARES,
    LETTER OF TRANSMITTAL, AND ANY OTHER DOCUMENTS IS AT THE OPTION
    AND RISK OF THE STOCKHOLDER. IF THE STOCKHOLDER WISHES TO
    DELIVER BY MAIL, WE RECOMMEND THE USE OF INSURED REGISTERED
    MAIL, RETURN RECEIPT REQUESTED. THE STOCKHOLDER HAS THE
    RESPONSIBILITY TO CAUSE THE CERTIFICATES, LETTER OF TRANSMITTAL
    AND ANY OTHER DOCUMENTS TO BE TIMELY DELIVERED.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    TO PREVENT BACKUP WITHHOLDING ON PAYMENTS MADE FOR THE PURCHASE
    OF SHARES&#160;PURSUANT TO THE REPURCHASE OFFER, EACH INDIVIDUAL
    STOCKHOLDER (AND CERTAIN OTHER NONCORPORATE STOCKHOLDERS) MUST
    PROVIDE THE DEPOSITARY WITH HIS CORRECT TAXPAYER IDENTIFICATION
    NUMBER BY COMPLETING THE SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9</FONT>
    INCLUDED WITH THE LETTER OF TRANSMITTAL (EVEN IF SUCH
    STOCKHOLDER HAS PREVIOUSLY COMPLETED SUCH A FORM). CERTAIN
    STOCKHOLDERS WHO ARE NOT CITIZENS OR RESIDENTS OF THE UNITED
    STATES MAY SATISFY THIS REQUIREMENT BY PROVIDING A CERTIFICATE
    OF FOREIGN STATUS ( GENERALLY, AN INTERNAL REVENUE SERVICE
    <FONT style="white-space: nowrap">FORM&#160;W-8BEN)</FONT>
    TO THE DEPOSITARY IN LIEU OF THE SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9.</FONT>
    SEE SECTION&#160;13, &#147;FEDERAL INCOME TAX
    CONSEQUENCES,&#148; BELOW.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All questions as to the validity, form, eligibility (including
    time of receipt) and acceptance of any Shares tendered will be
    determined by the Fund, which determination shall be final and
    binding. The Fund reserves the absolute right (i)&#160;to reject
    any and all tenders not in proper form or the payment for which
    would, in the opinion of the Fund&#146;s counsel, be unlawful
    and (ii)&#160;to
</DIV>

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    <BR>
    5
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    waive any of the conditions of the Repurchase Offer or any
    defect or irregularity in the tender of any Shares. The
    Fund&#146;s determination of any defect or irregularity in the
    tender of any Shares and its interpretation of the terms and
    conditions of the Repurchase Offer (including the Letter of
    Transmittal and the Instructions thereto) will be final. None of
    the Fund, the Information Agent, the Depositary or any other
    person shall be under any duty to give notification of any
    defects or irregularities in tenders, and none shall incur any
    liability for failure to give such notification.
</DIV>
<A name='106'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>6.&#160;Stockholders&#146; Right to Withdraw Tendered
    Shares.</A></B>&#160;&#160;Shares tendered pursuant to the
    Repurchase Offer may be withdrawn at any time prior to the
    Repurchase Request Deadline. After the Repurchase Request
    Deadline, tenders made pursuant to the Repurchase Offer will be
    irrevocable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To be effective, a written, telegraphic or facsimile notice of
    withdrawal must be timely received by the Depositary. Such
    notice must specify the name of the person who executed the
    particular Letter of Transmittal or Notice of Guaranteed
    Delivery, the number of Shares to be withdrawn and, if
    certificates have been delivered or otherwise identified to the
    Depositary, the name of the holder of record and the serial
    numbers of the certificates representing the Shares to be
    withdrawn. If Shares have been delivered pursuant to the
    procedure for book-entry delivery as set forth in
    Section&#160;5, &#147;Procedure for Tendering Shares,&#148; any
    notice of withdrawal also must specify the name and the number
    of the account at DTC to be credited with the withdrawn Shares
    (which must be the same name and number from which the Shares
    were tendered), and must otherwise comply with DTC&#146;s
    procedures.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All questions as to the form and validity, including time of
    receipt, of notices of withdrawal will be determined by the
    Fund, in its sole discretion, whose determination will be final
    and binding. None of the Fund, the Information Agent, the
    Depositary or any other person will be under any duty to give
    notification of any defects or irregularities in any notice of
    withdrawal or to incur any liability for failure to give any
    such notification. Any Shares timely and properly withdrawn will
    be deemed not duly tendered for purposes of the Repurchase Offer.
</DIV>
<A name='107'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>7.&#160;Acceptance for Payment and
    Payment.</A></B>&#160;&#160;Upon the terms and subject to the
    conditions of the Repurchase Offer, the Fund will accept for
    payment, and will pay for, Shares validly tendered on or before
    the Repurchase Request Deadline and not properly withdrawn in
    accordance with Section&#160;6, &#147;Stockholders&#146; Right
    to Withdraw Tendered Shares,&#148; as soon as practicable after
    the Repurchase Request Deadline. The Fund expressly reserves the
    right, in its sole discretion, to delay the acceptance for
    payment of, or payment for, Shares, in order to comply in whole
    or in part with any applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The per-Share consideration paid to any Stockholder pursuant to
    the Repurchase Offer will be the highest per-Share consideration
    paid to any other Stockholder during the Repurchase Offer. In
    all cases, payment for Shares tendered and accepted for payment
    pursuant to the Repurchase Offer will be made only after timely
    receipt by the Depositary of certificates for such shares (or
    confirmation of the book-entry transfer of such shares), a
    properly executed Letter of Transmittal (or facsimile thereof)
    and any other documents required by the Letter of Transmittal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of the Repurchase Offer, the Fund will be deemed to
    have accepted for payment, and thereby purchased, Shares
    properly tendered to the Fund and not withdrawn, if, as and when
    the Fund gives oral or written notice to the Depositary of its
    acceptance for payment of such Shares. Payment for Shares
    accepted for payment pursuant to the Repurchase Offer will be
    made by deposit of the purchase price with the Depositary, which
    will act as agent for the tendering Stockholders for purposes of
    receiving payment from the Fund and transmitting payment to the
    tendering Stockholders. Under no circumstances will the Fund pay
    interest on the purchase price of the Shares to be paid by the
    Fund, regardless of any delay in making such payment. If any
    tendered Shares are not accepted for payment pursuant to the
    terms and conditions of the Repurchase Offer for any reason, or
    are not paid for because of an invalid tender, or if
    certificates are submitted for more Shares than are tendered,
    certificates for such unpurchased Shares will be returned,
    without expense to the tendering Stockholder, as soon as
    practicable following expiration or withdrawal of the Repurchase
    Offer. Shares delivered by book-entry transfer into the
    Depositary&#146;s account at DTC as described in Section&#160;5,
    &#147;Procedure for Tendering Shares,&#148; which are to be
    returned will be credited to an account maintained within DTC.
    Shares which are to be returned and which were held in
    uncertificated form by the Fund&#146;s transfer agent pursuant
    to the Fund&#146;s dividend reinvestment plan will be returned
    to the dividend reinvestment plan account maintained by the
    transfer agent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Fund is delayed in its acceptance for payment of, or in
    its payment for, Shares, or is unable to accept for payment or
    pay for Shares pursuant to the Repurchase Offer for any reason,
    then, without prejudice to the Fund&#146;s rights under this
    Repurchase Offer, the Depositary may, nevertheless, on behalf of
    the Fund, retain tendered Shares, and such shares may not be
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    withdrawn unless and except to the extent tendering Stockholders
    are entitled to withdrawal rights as described in
    Section&#160;6, &#147;Stockholders&#146; Right to Withdraw
    Tendered Shares.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shares tendered pursuant to the Repurchase Offer will be subject
    to the Repurchase Fee, which will be paid to the Fund and is
    reasonably intended to compensate the Fund for expenses directly
    related to the Repurchase Offer. Except for the Repurchase Fee,
    tendering Stockholders will not be obligated to pay brokerage
    commissions, fees or, except in the circumstances described in
    Instruction&#160;6 of the Letter of Transmittal, transfer taxes
    on the purchase of Shares by the Fund.
</DIV>
<A name='108'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>8.&#160;Suspensions and Postponements of Repurchase
    Offer.</A></B>&#160;&#160;The Fund will not suspend or postpone
    the Repurchase Offer except by vote of a majority of the Board,
    including a majority of Directors who are not &#147;interested
    persons&#148; as defined in the 1940 Act, and only:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;if the repurchase would cause the Fund to lose its
    status as a regulated investment company under Subchapter M of
    the Internal Revenue Code of 1986, as amended;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;if the repurchase would cause the Shares to be neither
    listed on any national securities exchange nor quoted on any
    inter-dealer quotation system of a national securities
    association;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;for any period during which the NYSE is closed, other
    than customary weekend and holiday closings, or during which
    trading on the NYSE is restricted;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;for any period during which an emergency exists as a
    result of which disposal by the Fund of securities owned by it
    is not reasonably practicable, or during which it is not
    reasonably practicable for the Fund fairly to determine its
    NAV;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (v)&#160;for such other periods as the Securities and Exchange
    Commission may by order permit for the protection of
    Stockholders of the Fund.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Repurchase Offer is suspended or postponed, the Fund will
    provide notice to Stockholders of such suspension or
    postponement.
</DIV>
<A name='109'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>9.&#160;NAV and Market Price.</A></B>&#160;&#160;The Shares
    currently trade on the NYSE under the symbol &#147;IFN.&#148;
    The following table sets forth, on a quarterly basis, the high
    and low NAVs of the Shares and the high and low closing sale
    prices of the Shares for each calendar quarter during the two
    years ended December&#160;31, 2006.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>NAV</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Market Price*</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">January&#160;1, 2005 to
    March&#160;31, 2005
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    29.16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    25.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">April&#160;1, 2005 to
    June&#160;30, 2005
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26.62
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24.42
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">July&#160;1, 2005 to
    September&#160;30, 2005
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    36.95
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    30.34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    41.90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    29.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">October&#160;1, 2005 to
    December&#160;31, 2005
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38.78
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    32.21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43.80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    34.36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">January&#160;1, 2006 to
    March&#160;31, 2006
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    42.18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    35.19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52.63
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">April&#160;1, 2006 to
    June&#160;30, 2006
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    45.22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    33.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    64.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37.55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">July&#160;1, 2006 to
    September&#160;30, 2006
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    40.09
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    32.81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    46.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37.76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">October&#160;1, 2006 to
    December&#160;31, 2006
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    45.85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    39.89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    50.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    43.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 11%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=504 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="1%"></TD>
    <TD width="1%"></TD>
    <TD width="98%"></TD>
</TR>

<TR>
    <TD valign="top">
    * </TD>
    <TD></TD>
    <TD valign="bottom">
    As reported on the NYSE.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The NAV per Share computed as of the close of business on
    February&#160;16, 2007 was $44.07. On February&#160;16, 2007,
    the high, low and closing prices of the Shares as reported on
    the NYSE were $43.58, $42.80 and $43.32, respectively.
</DIV>
<A name='110'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>10.&#160;Information With Respect to the Fund and the
    Fund&#146;s Investment Manager.</A></B>&#160;&#160;The Fund is a
    closed-end, non-diversified management investment company
    organized as a Maryland corporation. The Shares were first
    offered to the public in February 1994. As a closed-end
    investment company, the Fund differs from an open-end investment
    company (i.e., a mutual fund) in that it does not redeem its
    Shares at the election of a stockholder and does not
    continuously offer its shares for sale to the public.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Blackstone Asia Advisors L.L.C. (&#147;Blackstone
    Advisors&#148;) serves as the Fund&#146;s Investment Manager.
    Blackstone Advisors is an affiliate of The Blackstone Group.
    Blackstone Advisors is a limited liability company organized
    under the laws of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware on August&#160;26, 2005 and a registered investment
    adviser under the Investment Advisers Act of 1940. Blackstone
    Advisors has served as the Fund&#146;s Investment Manager since
    December&#160;4, 2005. The principal business address of
    Blackstone Advisors is 345 Park Avenue, New York, NY 10154.
</DIV>
<A name='111'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>11.&#160;Certain Fees and Expenses.</A></B>&#160;&#160;The
    Fund will not pay to any broker or dealer, commercial bank,
    trust company or other person any solicitation fee for any
    Shares purchased pursuant to the Repurchase Offer. The Fund will
    reimburse such persons for customary handling and mailing
    expenses incurred in forwarding the Repurchase Offer. No such
    broker, dealer, commercial bank or trust company has been
    authorized to act as the agent of the Fund or the Depositary for
    purposes of the Repurchase Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Fund has retained PFPC Inc. to act as Depositary and
    Georgeson Inc. to act as Information Agent. The Depositary and
    the Information Agent will each receive reasonable and customary
    compensation for their services and will also be reimbursed for
    certain
    <FONT style="white-space: nowrap">out-of-pocket</FONT>
    expenses and indemnified against certain liabilities.
</DIV>
<A name='112'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>12.&#160;Miscellaneous.</A></B>&#160;&#160;The Repurchase
    Offer is not being made to, nor will the Fund accept tenders
    from, holders of Shares in any state or other jurisdiction in
    which the Repurchase Offer would not be in compliance with the
    securities or Blue Sky laws of such jurisdiction.
</DIV>
<A name='113'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>13.&#160;Federal Income Tax
    Consequences.</A></B>&#160;&#160;The following discussion
    describes certain U.S.&#160;federal income tax consequences of
    tendering Shares in the Repurchase Offer. Except where noted, it
    deals only with Shares held as capital assets and does not deal
    with Stockholders subject to special treatment under the U.S.
    federal income tax laws, such as dealers in securities or
    commodities, traders in securities that elect to mark their
    holdings to market, insurance companies, financial institutions,
    tax-exempt entities, regulated investment companies, real estate
    investment trusts, partnerships or other pass through entities,
    U.S. expatriates, persons holding Shares as a part of a hedging,
    conversion or constructive sale transaction or a straddle or
    U.S.&#160;Stockholders (as defined below) whose functional
    currency is not the U.S.&#160;dollar. Furthermore, the
    discussion below is based upon the provisions of the Internal
    Revenue Code of 1986, as amended (the &#147;Code&#148;), and
    regulations, rulings and judicial decisions thereunder as of the
    date hereof, and such authorities may be repealed, revoked or
    modified so as to result in U.S.&#160;federal income tax
    consequences different from those discussed below.
    <B>Stockholders should consult their own tax advisors concerning
    the U.S.&#160;federal income tax consequences of participating
    in the Repurchase Offer in light of their particular situations
    as well as any consequences arising under the laws of any other
    taxing jurisdiction.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As used herein, a U.S.&#160;Stockholder means a Stockholder that
    is for U.S.&#160;federal income tax purposes (i)&#160;an
    individual citizen or resident of the U.S., (ii)&#160;a
    corporation created or organized in or under the laws of the
    United States or any political subdivision thereof,
    (iii)&#160;an estate the income of which is subject to
    U.S.&#160;federal income taxation regardless of its source or
    (iv)&#160;a trust if it (x)&#160;is subject to the primary
    supervision of a court within the United States and one or more
    U.S.&#160;persons have the authority to control all substantial
    decisions of the trust or (y)&#160;has a valid election in
    effect under applicable U.S.&#160;Treasury regulations to be
    treated as a U.S.&#160;person. A
    <FONT style="white-space: nowrap">&#147;Non-U.S.&#160;Stockholder&#148;</FONT>
    is a Stockholder (other than a partnership) that is not a
    U.S.&#160;Stockholder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An exchange of Shares for cash in the Repurchase Offer by
    U.S.&#160;Stockholders will be a taxable transaction for
    U.S.&#160;federal income tax purposes. As a consequence of the
    exchange, the U.S.&#160;Stockholder will, depending on such
    U.S.&#160;Stockholder&#146;s particular circumstances, be
    treated either as recognizing gain or loss from the disposition
    of the Shares or as receiving a dividend distribution from the
    Fund. Under Section&#160;302(b) of the Code, a sale of Shares
    pursuant to the Repurchase Offer generally will be treated as a
    sale or exchange if the receipt of cash by the Stockholder:
    (a)&#160;results in a complete termination of the
    Stockholder&#146;s interest in the Fund, (b)&#160;results in a
    substantially disproportionate redemption with respect to the
    Stockholder, or (c)&#160;is not essentially equivalent to a
    dividend with respect to the Stockholder. In determining whether
    any of these tests has been met, Shares actually owned, as well
    as Shares considered to be owned by the Stockholder by reason of
    certain constructive ownership rules set forth in
    Section&#160;318 of the Code, generally must be taken into
    account. If any of these three tests for sale or exchange
    treatment is met, a U.S.&#160;Stockholder will recognize gain or
    loss equal to the difference between the price paid by the Fund
    for the Shares purchased in the Repurchase Offer and the
    Stockholder&#146;s adjusted basis in such Shares. If such Shares
    are held as a capital asset, the gain or loss will be capital
    gain or loss. The maximum tax rate applicable to net capital
    gains recognized by individuals and other non-corporate
    taxpayers is (i)&#160;the same as the applicable ordinary income
    rate for capital assets held for one year or less or
    (ii)&#160;15% for capital assets held for more than one year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the requirements of Section&#160;302(b) of the Code are not
    met, amounts received by a U.S.&#160;Stockholder who sells
    Shares pursuant to the Repurchase Offer will be taxable to the
    U.S.&#160;Stockholder as a dividend to the extent of such
    U.S.&#160;Stockholder&#146;s
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END LOGICAL PAGE -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    allocable share of the Fund&#146;s current or accumulated
    earnings and profits. To the extent that amounts received exceed
    such U.S.&#160;Stockholder&#146;s allocable share of the
    Fund&#146;s current and accumulated earnings and profits for a
    taxable year, the distribution will first be treated as a
    non-taxable return of capital, causing a reduction in the
    adjusted basis of such U.S.&#160;Stockholder&#146;s Shares, and
    any amounts in excess of the U.S.&#160;Stockholder&#146;s
    adjusted basis will constitute taxable gain. Any remaining
    adjusted basis in the Shares tendered to the Fund will be
    transferred to any remaining Shares held by such
    U.S.&#160;Stockholder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the payment for any purchase of Shares pursuant to the
    Repurchase Offer is treated as a taxable dividend to the selling
    Stockholder rather than as an exchange, the other Stockholders,
    including the non-tendering Stockholders, could be deemed to
    have received taxable stock distributions under certain
    circumstances. Stockholders are urged to consult their own tax
    advisors regarding the possibility of deemed distributions
    resulting from the purchase of Shares pursuant to the Repurchase
    Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="white-space: nowrap">Non-U.S.&#160;Stockholders.</FONT></I>&#160;&#160;The
    Depositary will withhold U.S.&#160;federal income taxes equal to
    30% of the gross payments payable to a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    or his or her agent for any Shares purchased pursuant to the
    Repurchase Offer unless the Depositary determines that a reduced
    rate of withholding is available pursuant to a tax treaty or
    that an exemption from withholding is applicable because such
    gross proceeds are effectively connected with the conduct of a
    trade or business within the United States. In order to obtain a
    reduced rate of withholding pursuant to a tax treaty, a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    must deliver to the Depositary before the payment a properly
    completed and executed Internal Revenue Service
    (&#147;IRS&#148;)
    <FONT style="white-space: nowrap">Form&#160;W-8BEN.</FONT>
    In order to obtain an exemption from withholding on the grounds
    that the gross proceeds paid pursuant to the Repurchase Offer
    are effectively connected with the conduct of a trade or
    business within the United States, a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    must deliver to the Depositary before the payment a properly
    completed and executed IRS
    <FONT style="white-space: nowrap">Form&#160;W-8ECI.</FONT>
    The Depositary will determine a shareowner&#146;s status as a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    and eligibility for a reduced rate of, or exemption from,
    withholding by reference to any outstanding certificates or
    statements concerning eligibility for a reduced rate of, or
    exemption from, withholding (e.g., IRS
    <FONT style="white-space: nowrap">Forms&#160;W-8BEN</FONT>
    or <FONT style="white-space: nowrap">W-8ECI)</FONT>
    unless facts and circumstances indicate that such reliance is
    not warranted. A
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    may be eligible to obtain a refund of all or a portion of any
    tax withheld if such shareowner meets the &#147;complete
    termination,&#148; &#147;substantially disproportionate&#148; or
    &#147;not essentially equivalent to a dividend&#148; test
    described above or is otherwise able to establish that no tax or
    a reduced amount of tax is due. Backup withholding generally
    will not apply to amounts subject to the 30% or a treaty-reduced
    rate of withholding.
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholders</FONT>
    are urged to consult their own tax advisors regarding the
    application of federal income tax withholding, including
    eligibility for a withholding tax reduction or exemption, and
    the refund procedure.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Backup Withholding.</I>&#160;&#160;See Section&#160;5 with
    respect to the application of backup withholding on payments
    made to Stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The tax discussion set forth above is included for general
    information only. Each shareowner is urged to consult such
    owner&#146;s own tax advisor to determine the particular tax
    consequences to him or her of the Repurchase Offer, including
    the applicability and effect of state, local and foreign tax
    laws.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    * * * *
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Questions, requests for assistance and requests for additional
    copies of this Offer to Repurchase and related materials should
    be directed to Georgeson Inc. toll free at 1-866-297-1264 or,
    for banks and brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THE INDIA FUND, INC.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Letter of Transmittal and certificates for your Shares
    should be sent by you, your broker, dealer, commercial bank or
    trust company to the Depositary as set forth below.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Depositary:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PFPC
    INC.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="49%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I><FONT style="font-size: 10pt">By First Class  Mail:</FONT></I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">By Registered, Certified, <BR>
    Express Mail <BR>
    or Overnight Courier:</FONT></I>
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">P.O. Box&#160;859208<BR>
    Braintree, MA 02185-9208
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">161 Bay State Drive<BR>
    Braintree, MA 02184
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any questions or requests for assistance or additional copies of
    the Offer to Repurchase, the Letter of Transmittal, the Notice
    of Guaranteed Delivery and other documents may be directed to
    the Information Agent at its telephone number and location
    listed below. Stockholders may also contact their broker,
    dealer, commercial bank or trust company or other nominee for
    assistance concerning the Repurchase Offer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Information Agent for the Repurchase Offer is:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">GEORGESON
    INC.<BR>
    17 State Street, New York, NY 10004<BR>
    1-866-297-1264</FONT></B>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.II
<SEQUENCE>3
<FILENAME>y30169exv99wawii.htm
<DESCRIPTION>EX-99.A.II: LETTER OF TRANSMITTAL
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.II</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LETTER OF
    TRANSMITTAL</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">To
    Accompany Certificate(s) for Shares of Common Stock<BR>
    or Order Tender of Uncertificated Shares of<BR>
    <BR>
    <FONT style="font-size: 12pt">THE INDIA FUND, INC.<BR>
    <BR>
    </FONT></FONT><FONT style="font-family: 'Times New Roman', Times">Tendered
    Pursuant To Its Offer to Repurchase<BR>
    Dated February&#160;23, 2007</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE OFFER
    AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00&#160;P.M.,<BR>
    NEW YORK CITY TIME, ON MARCH&#160;16, 2007 (&#147;REPURCHASE
    REQUEST DEADLINE&#148;).</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Depositary for the Repurchase Offer is:</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 12pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PFPC
    INC.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Depositary Addresses:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="49%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I><FONT style="font-size: 10pt">By First Class  Mail:</FONT></I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">By Registered, Certified<BR>
    or Express Mail or<BR>
    Overnight Courier:</FONT></I>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">P.O. Box&#160;859208<BR>
    Braintree, MA 02185-9208
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">161 Bay State Drive<BR>
    Braintree, MA 02184
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="65%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="6%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterright -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterright -->
    <TD width="8%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="13" nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B><FONT style="font-size: 10pt">DESCRIPTION OF SHARES
    TENDERED</FONT></B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    Name(s) and Addresses of Registered Holder(s):<BR>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="10" nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
    Shares Tendered ***<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
    (Please Fill in, if Blank, Exactly as Name(s) Appear(s)<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    (Attach Additional Signed Schedule<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
    on Certificate(s))<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    if necessary)
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    Total<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Number of<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Shares<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Number<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    Dividend<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Evidenced<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    of<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    Reinvestment<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Certificate<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    by<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Shares<BR>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    Shares<BR>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
    <B>&#160;&#160;</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Number(s)*
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Certificates**
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Tendered
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt">
    Tendered
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <FONT style="font-size: 8pt">Total Shares<BR>
    Tendered
    </FONT>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="13" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
<DIV style="text-indent: -10pt; margin-left: 25pt">
    <FONT style="font-size: 10pt">*&#160;Need not be completed by
    Stockholders who tender Shares by book-entry transfer.
    </FONT>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD colspan="13" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt">
<DIV style="text-indent: -15pt; margin-left: 25pt">
    <FONT style="font-size: 10pt">**&#160;Unless otherwise
    indicated, it will be assumed that all Shares evidenced by any
    certificates delivered to the Depositary are being tendered. See
    Instruction&#160;5.
    </FONT>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD colspan="13" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt">
<DIV style="text-indent: -20pt; margin-left: 25pt">
    <FONT style="font-size: 10pt">***&#160;If the Shares being
    tendered are Shares held by the Transfer Agent pursuant to the
    Fund&#146;s dividend reinvestment plan, Stockholders should so
    indicate on page&#160;3.
    </FONT>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT face="wingdings">o</FONT>&#160;&#160;</TD>
    <TD align="left">
    I HAVE LOST MY CERTIFICATE(S) FOR SHARES&#160;OF STOCK OF THE
    FUND&#160;AND REQUIRE ASSISTANCE WITH RESPECT TO REPLACING SUCH
    CERTIFICATE(S). SEE INSTRUCTION&#160;3.
</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE METHOD OF DELIVERY OF THIS LETTER OF TRANSMITTAL, THE
    CERTIFICATES FOR SHARES&#160;AND ALL OTHER REQUIRED DOCUMENTS,
    INCLUDING DELIVERY THROUGH THE BOOK-ENTRY TRANSFER FACILITY, IS
    AT THE OPTION AND RISK OF THE TENDERING STOCKHOLDER, AND EXCEPT
    AS OTHERWISE PROVIDED IN INSTRUCTION&#160;2, THE DELIVERY WILL
    BE DEEMED MADE ONLY WHEN ACTUALLY RECEIVED BY THE DEPOSITARY. IF
    DELIVERY IS BY MAIL, REGISTERED MAIL WITH RETURN RECEIPT
    REQUESTED, PROPERLY INSURED, IS RECOMMENDED. THE STOCKHOLDER HAS
    THE RESPONSIBILITY TO CAUSE THE LETTER OF TRANSMITTAL,
    CERTIFICATES AND ANY OTHER DOCUMENTS TO BE TIMELY DELIVERED.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Letter of Transmittal is to be used (a)&#160;if
    certificates for Shares (as defined below) are to be forwarded
    herewith, or (b)&#160;if uncertificated Shares held by the
    Fund&#146;s transfer agent pursuant to the Fund&#146;s dividend
    reinvestment plan are to be tendered, or (c)&#160;if tenders are
    to be made by book-entry transfer to any of the accounts
    maintained by the Depositary at the Depository Trust Company
    (&#147;DTC&#148; or the &#147;Book-Entry Transfer
    Facility&#148;) pursuant to the procedure set forth in
    Section&#160;5, &#147;Procedure for Tendering Shares,&#148; of
    the Fund&#146;s Offer to Repurchase. Stockholders whose
    certificates are not immediately available or who cannot deliver
    certificates for Shares (other than uncertificated Shares held
    by the Fund&#146;s transfer agent pursuant to the Fund&#146;s
    dividend reinvestment plan) or deliver confirmation of the
    book-entry transfer of their Shares into the Depositary&#146;s
    account at the Book-Entry Transfer Facility and all other
    documents required hereby to the Depositary prior to
    5:00&#160;p.m., New&#160;York City time, on the Repurchase
    Request Deadline, March&#160;16, 2007, may nevertheless tender
    their Shares according to the guaranteed delivery procedures set
    forth in Section&#160;5, &#147;Procedure for Tendering
    Shares,&#148; of the Fund&#146;s Offer to Repurchase. See
    Instruction&#160;2 below. DELIVERY OF DOCUMENTS TO THE
    BOOK-ENTRY TRANSFER FACILITY DOES NOT CONSTITUTE DELIVERY TO THE
    DEPOSITARY.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT face="wingdings">o</FONT>&#160;&#160;</TD>
    <TD align="left">
    <B>CHECK HERE IF TENDERED SHARES&#160;ARE BEING DELIVERED BY
    BOOK-ENTRY TRANSFER MADE TO THE ACCOUNT MAINTAINED BY THE
    DEPOSITARY WITH THE BOOK-ENTRY TRANSFER FACILITY AND COMPLETE
    THE FOLLOWING:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name of Tendering
    Institution:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Account
    Number:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->&#160;&#160;&#160;&#160;&#160;Transaction
    Code
    Number:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the tendered Shares are being tendered by a Nominee Holder on
    behalf of its customers, please state the number of customer
    accounts for whose benefit the tender is made:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT face="wingdings">o</FONT>&#160;&#160;</TD>
    <TD align="left">
    <B>CHECK HERE IF CERTIFICATES FOR TENDERED SHARES&#160;ARE BEING
    DELIVERED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY
    SENT TO THE DEPOSITARY AND COMPLETE THE FOLLOWING:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name(s) of Registered
    Owner(s):&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Date of Execution of Notice of Guaranteed
    Delivery:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name of Institution that Guaranteed
    Delivery:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Account Number (if delivered by book-entry
    transfer):&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=0 -->
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTE:
    SIGNATURES MUST BE PROVIDED BELOW.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLEASE
    READ THE ACCOMPANYING DOCUMENTS CAREFULLY.</FONT></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned hereby tenders to The India Fund, Inc., a
    Maryland corporation (the &#147;Fund&#148;), the shares of the
    Fund&#146;s Common Stock, $0.001&#160;par value per share (the
    &#147;Shares&#148;) described below, upon the terms and
    conditions set forth in the Offer to Repurchase dated
    February&#160;23, 2007, receipt of which is hereby acknowledged,
    and in this Letter of Transmittal (which together constitute the
    &#147;Repurchase Offer&#148;), at a purchase price equal to an
    amount per Share, net to the seller in cash (the &#147;Purchase
    Price&#148;), equal to 100% of the net asset value in
    U.S.&#160;dollars (&#147;NAV&#148;) per Share as of the close of
    regular trading on the New York Stock Exchange on March&#160;23,
    2007 (the &#147;Repurchase Pricing Date&#148;), minus a
    repurchase fee (the &#147;Repurchase Fee&#148;) equal to 2% of
    net asset value per Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to, and effective upon, acceptance of payment for the
    Shares tendered herewith in accordance with the terms and
    subject to the conditions of the Offer to Repurchase, the
    undersigned hereby sells, assigns and transfers to, or upon the
    order of, the Fund all right, title and interest in and to all
    the Shares that are being tendered hereby and that are being
    accepted for purchase pursuant to the Offer to Repurchase (and
    any and all dividends, distributions, other Shares or other
    securities or rights issued or issuable in respect of such
    Shares on or after the Repurchase Request Deadline of
    March&#160;16, 2007)&#160;and irrevocably constitutes and
    appoints the Depositary the true and lawful agent and
    <FONT style="white-space: nowrap">attorney-in-fact</FONT>
    of the undersigned with respect to such Shares (and any such
    dividends, distributions, other Shares or securities or rights),
    with full power of substitution (such power of attorney being
    deemed to be an irrevocable power coupled with an interest) to
    (a)&#160;deliver certificates for such Shares (and any such
    other dividends, distributions, other Shares or securities or
    rights) or transfer ownership of such Shares (and any such other
    dividends, distributions, other Shares or securities or rights),
    together, in either such case, with all accompanying evidences
    of transfer and authenticity to or upon the order of the Fund,
    upon receipt by the Depositary, as the undersigned&#146;s agent,
    of the Purchase Price, (b)&#160;present such Shares (and any
    such other dividends, distributions, other Shares or securities
    or rights) for transfer on the books of the Fund, and
    (c)&#160;receive all benefits and otherwise exercise all rights
    of beneficial ownership of such Shares (and any such other
    dividends, distributions, other Shares or securities or rights),
    all in accordance with the terms of the Offer to Repurchase.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned hereby represents and warrants that:
    (a)&#160;the undersigned has full power and authority to tender,
    sell, assign and transfer the tendered Shares (and any and all
    dividends, distributions, other Shares or other securities or
    rights issued or issuable in respect of such Shares on or after
    the Repurchase Request Deadline of March&#160;16, 2007);
    (b)&#160;when and to the extent the Fund accepts the Shares for
    purchase, the Fund will acquire good, marketable and
    unencumbered title thereto, free and clear of all liens,
    restrictions, charges, proxies, encumbrances or other
    obligations relating to their sale or transfer, and not subject
    to any adverse claim; (c)&#160;on request, the undersigned will
    execute and deliver any additional documents deemed by the
    Depositary or the Fund to be necessary or desirable to complete
    the sale, assignment and transfer of the tendered Shares (and
    any and all dividends, distributions, other Shares or securities
    or rights issued or issuable in respect of such Shares on or
    after the Repurchase Request Deadline of March&#160;16, 2007);
    and (d)&#160;the undersigned has read and agreed to all of the
    terms of the Offer to Repurchase and this Letter of Transmittal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All authority conferred or agreed to be conferred in this Letter
    of Transmittal shall be binding upon the successors, assigns,
    heirs, executors, administrators and legal representatives of
    the undersigned and shall not be affected by, and shall survive,
    the death or incapacity of the undersigned. Shares tendered
    pursuant to the Offer may be withdrawn at any time prior to the
    Repurchase Request Deadline in accordance with Section&#160;6,
    &#147;Stockholders&#146; Right to Withdraw Tendered
    Shares,&#148; of the Fund&#146;s Offer to Repurchase. After the
    Repurchase Request Deadline, tenders made pursuant to the
    Fund&#146;s Offer to Repurchase will be irrevocable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE UNDERSIGNED TENDER ALL UNCERTIFICATED SHARES&#160;THAT
    MAY BE HELD IN THE NAME OF THE REGISTERED HOLDER(S) BY THE
    FUND&#146;S TRANSFER AGENT PURSUANT TO THE FUND&#146;S DIVIDEND
    REINVESTMENT PLAN.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=84 -->&#160;<B>Yes&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=504 length=84 -->&#160;No</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Note:&#160;&#160;If you do not check either of the spaces above,
    uncertificated Shares, if any, held in the name of the
    registered holder(s) by the Fund&#146;s transfer agent pursuant
    to the Fund&#146;s dividend reinvestment plan will NOT be
    tendered.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ODD
    LOTS<BR>
    (SEE INSTRUCTION&#160;13)</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This section is to be completed ONLY if Shares are being
    tendered by or on behalf of a person owning beneficially or of
    record an aggregate of not more than 99&#160;Shares. The
    undersigned either (check only one box):
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT face="wingdings">o</FONT>&#160;&#160;Is the beneficial or
    record owner of an aggregate of not more than 99&#160;Shares,
    all of which are being tendered;&#160;or
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT face="wingdings">o</FONT>&#160;&#160;Is a broker, dealer,
    commercial bank, trust company or other nominee that (a)&#160;is
    tendering for the beneficial owner(s) thereof Shares with
    respect to which it is the record holder, and (b)&#160;believes,
    based upon representations made to it by such beneficial
    owner(s), that each such person is the beneficial owner of an
    aggregate of not more than 99&#160;Shares and is tendering all
    of such Shares; and, in either case, hereby represents that the
    above indicated information is true and correct as to the
    undersigned.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PLEASE
    READ THE ACCOMPANYING INSTRUCTIONS&#160;CAREFULLY.<BR>
    NOTE: SIGNATURES MUST BE PROVIDED BELOW.</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned understands that the valid tender of Shares
    pursuant to any one of the procedures described in
    Section&#160;5, &#147;Procedure for Tendering Shares,&#148; of
    the Fund&#146;s Offer to Repurchase and in the Instructions
    hereto will constitute a binding agreement between the
    undersigned and the Fund upon the terms and subject to the
    conditions of the Offer to Repurchase.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned recognizes that under certain circumstances set
    forth in the Offer to Repurchase, the Fund may not be required
    to purchase any of the Shares tendered hereby, or may accept for
    purchase, pro rata with Shares tendered by other Stockholders,
    fewer than all of the Shares tendered hereby.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless otherwise indicated herein under &#147;Special Payment
    Instructions,&#148; please return any certificates for Shares
    not tendered or accepted for payment (and accompanying
    documents, as appropriate) in the name(s) of the registered
    holder(s) appearing under &#147;Description of
    Shares&#160;Tendered.&#148; Similarly, unless otherwise
    indicated under &#147;Special Delivery Instructions,&#148;
    please return any certificates for Shares not tendered or
    accepted for payment (and accompanying documents, as
    appropriate) to the address(es) of the registered holder(s)
    appearing under &#147;Description of Shares&#160;Tendered.&#148;
    In the event that either the Special Delivery Instructions or
    the Special Payment Instructions are completed, please return
    such certificates to the person or persons so indicated. The
    undersigned recognizes that the Fund has no obligation pursuant
    to the Special Payment Instructions to transfer any Shares from
    the name of the registered holder thereof if the Fund does not
    accept for payment any of the Shares so tendered. The
    undersigned further recognizes that the Special Payment
    Instructions and the Special Delivery Instructions are not
    applicable to Shares tendered by book-entry transfer nor to
    uncertificated Shares held by the Fund&#146;s transfer agent
    pursuant to the Fund&#146;s dividend reinvestment plan, which
    Shares may be tendered hereby.
</DIV>



<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="45%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD align="center" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<B><FONT style="font-size: 10pt">SPECIAL PAYMENT INSTRUCTIONS<BR>(See Instruction&#160;8)<BR><BR></FONT></B>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<FONT style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;To be completed ONLY if certificates for Shares not tendered or not purchased are to be issued in the name of and sent to someone other than the undersigned.<BR><BR></FONT>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<FONT style="font-size: 10pt">Issue Certificate to:<BR><BR></FONT>
</DIV>
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<BR>
</DIV>
<DIV style="text-indent: -36pt; margin-left: 36pt;">
<FONT style="font-size: 10pt"><div nowrap>Name&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_ _</U></FONT><!-- WS --><!-- callerid=208 iwidth=220 length=0 --></div><BR></FONT><B><FONT style="font-size: 8pt">(Please Print)<BR><BR></FONT></B>
</DIV>
<DIV style="text-indent: -45pt; margin-left: 45pt;">
<B><FONT style="font-size: 10pt">&#160;&#160;<div nowrap></FONT></B><FONT style="font-size: 10pt">Address&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_ _</U></FONT><!-- WS --><!-- callerid=208 iwidth=220 length=0 --></div><BR><BR><BR><BR>&#160;&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_ _</U></FONT><!-- WS --><!-- callerid=208 iwidth=220 length=0 -->
</FONT><B><FONT style="font-size: 8pt">(City, State, Zip Code)<BR><BR></FONT></B><FONT style="font-size: 10pt">(Complete Substitute <FONT style="white-space: nowrap">Form&#160;W-9)</FONT><!-- WS --><BR><BR>&#160;&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_ _</U></FONT><!-- WS --><!-- callerid=208 iwidth=220 length=0 --></FONT><B><FONT style="font-size: 8pt">(Taxpayer
Identification (Social Security) Number)</FONT></B>
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B><FONT style="font-size: 10pt">SPECIAL DELIVERY
    INSTRUCTIONS<BR>
    (See Instruction&#160;8)<BR>
    <BR>
    </FONT></B><FONT style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;To
    be completed ONLY if certificates for Shares not tendered or not
    purchased are to be issued in the name of the undersigned, but
    sent to someone other than the undersigned or to the undersigned
    at an address other than that shown above.<BR>
    <BR>
    Mail Certificate to:<BR>
    <BR>
    <BR>
    <div nowrap>Name&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=220 length=0 --></div><BR>
    </FONT><B><FONT style="font-size: 8pt">(Please
    Print)</FONT></B><FONT style="font-size: 10pt">Address&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=220 length=0 -->
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=220 length=0 --><BR>
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=208 iwidth=220 length=0 --></FONT><B><FONT style="font-size: 8pt">(City,
    State, Zip Code)</FONT></FONT></B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    4
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN LOGICAL PAGE -->
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 50 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGN
    HERE<BR>
    (IMPORTANT: COMPLETE AND SIGN THE SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9</FONT>
    HEREIN)</FONT></B>
</DIV>

<DIV style="font-size: 18pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="font-size: 24pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">(Signature(s) of
    Stockholder(s))</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dated:&#160;<FONT style="word-spacing: 30pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=96 -->,
    2007
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Must be signed by the registered holder(s) exactly as name(s)
    appear(s) on certificate(s) for the Shares or on a security
    position listing or by person(s) authorized to become registered
    holder(s) by certificate(s) and documents transmitted herewith.
    If signature is by
    <FONT style="white-space: nowrap">attorney-in-fact,</FONT>
    executor, administrator, trustee, guardian, agent, officer of a
    corporation or another person acting in a fiduciary or
    representative capacity, please provide the following
    information. See Instruction&#160;5.)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Must be signed by the registered holder(s) exactly as name(s)
    appear(s) on certificate(s) for the Shares or on a security
    position listing or by person(s) authorized to become registered
    holder(s) by certificate(s) and documents transmitted herewith.
    If signature is by
    <FONT style="white-space: nowrap">attorney-in-fact,</FONT>
    executor, administrator, trustee, guardian, agent, officer of a
    corporation or another person acting in a fiduciary or
    representative capacity, please provide the following
    information. See Instruction&#160;6.)
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Name(s)&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=443 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <div nowrap><DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=128 iwidth=480 length=0 --></div>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">(Please Print)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="17%"></TD>
    <TD width="83%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-size: 8pt"><div nowrap></FONT>Capacity (Full
    Title)&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=394 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Address&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=445 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <div nowrap><DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=128 iwidth=480 length=0 --></div>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">&#160;&#160;&#160;&#160;&#160;City&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;State&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Zip

    Code</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="30%"></TD>
    <TD width="70%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-size: 8pt"><div nowrap></FONT>Area Code and
    Telephone Number&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=335 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="20%"></TD>
    <TD width="80%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Employer Identification or<BR>
    Social Security Number&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=380 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">GUARANTEE
    OF SIGNATURE(S)<BR>
    (See Instructions&#160;1 and 6)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="20%"></TD>
    <TD width="80%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Authorized Signature(s)&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=380 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Name&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=454 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">(Please Print)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="12%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT style="font-size: 8pt"><div nowrap></FONT>Name of
    Firm&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=419 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="7%"></TD>
    <TD width="93%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <div nowrap>Address&#160;</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=125 iwidth=445 length=0 --></div>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <div nowrap><DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=128 iwidth=480 length=0 --></div>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">&#160;&#160;&#160;&#160;&#160;City&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;State&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Zip

    Code</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dated:&#160;<FONT style="word-spacing: 30pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=96 -->&#160;,
    2007
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
</DIV><!-- End box 50 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    5
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INSTRUCTIONS<BR>
    Forming Part of the Terms and Conditions of the Repurchase
    Offer</FONT></B>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Guarantee of Signatures.</I>&#160;&#160;No signature
    guarantee on this Letter of Transmittal is required (i)&#160;if
    this Letter of Transmittal is signed by the registered holder of
    the Shares (which term, for purposes of this document, shall
    include any participant in the Book-Entry Transfer Facility
    whose name appears on a security position listing as the owner
    of Shares) tendered herewith, unless such holder has completed
    either the box entitled &#147;Special Delivery
    Instructions&#148; or the box entitled &#147;Special Payment
    Instructions&#148; herein, or (ii)&#160;if such Shares are
    tendered for the account of a member firm of a registered
    national securities exchange, a member of the National
    Association of Securities Dealers, Inc. (&#147;NASD&#148;), a
    commercial bank, credit union, savings association or trust
    company having an office, branch or agency in the United States,
    or other entity which is a member in good standing of a stock
    transfer association&#146;s approved medallion program (each
    being hereinafter referred to as an &#147;Eligible
    Institution&#148;). In all other cases, all signatures on this
    Letter of Transmittal must be guaranteed by an Eligible
    Institution. See Instruction&#160;6.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I>Delivery of Letter of Transmittal and Certificates;
    Guaranteed Delivery Procedures.</I>&#160;&#160;This Letter of
    Transmittal is to be used only (a)&#160;if certificates are to
    be forwarded herewith, (b)&#160;if uncertificated Shares held by
    the Funds transfer agent pursuant to the Fund&#146;s dividend
    reinvestment plan are to be tendered, or (c)&#160;if tenders are
    to be made pursuant to the procedures for delivery by book-entry
    transfer set forth in Section&#160;5, &#147;Procedure for
    Tendering Shares,&#148; of the Fund&#146;s Offer to Repurchase.
    Certificates for all physically tendered Shares, or confirmation
    of a book-entry transfer in the Depositary&#146;s account at the
    Book-Entry Transfer Facility of Shares tendered by book-entry
    transfer, together, in each case, with a properly completed and
    duly executed Letter of Transmittal or facsimile thereof with
    any required signature guarantees, any other documents required
    by this Letter of Transmittal should be mailed or delivered to
    the Depositary at the appropriate address set forth herein and
    must be received by the Depositary prior to 5:00&#160;p.m., New
    York City time, on the Repurchase Request Deadline,
    March&#160;16, 2007. Stockholders whose certificates are not
    immediately available or who cannot deliver Shares and all other
    required documents to the Depositary prior to 5:00&#160;p.m.,
    New York City time, on the Repurchase Request Deadline, or whose
    Shares cannot be delivered on a timely basis pursuant to the
    procedures for book-entry transfer prior to the Termination
    Date, may tender their Shares by or through any Eligible
    Institution by properly completing and duly executing and
    delivering a Notice of Guaranteed Delivery (or facsimile
    thereof), which must be received by the Depositary prior to the
    Repurchase Request Deadline, and by otherwise complying with the
    guaranteed delivery procedures set forth in Section&#160;5,
    &#147;Procedure for Tendering Shares,&#148; of the Fund&#146;s
    Offer to Repurchase. Pursuant to such procedures, the
    certificates for all physically tendered Shares, or confirmation
    of book-entry transfer, as the case may be, as well as a
    properly completed and duly executed Letter of Transmittal, all
    other documents required by this Letter of Transmittal must be
    received by the Depositary within three business days after
    receipt by the Depositary of such Notice of Guaranteed Delivery,
    all as provided in Section&#160;5, &#147;Procedure for Tendering
    Shares,&#148; of the Fund&#146;s Offer to Purchase.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE METHOD OF DELIVERY OF THIS LETTER OF TRANSMITTAL, THE
    CERTIFICATES FOR SHARES&#160;AND ALL OTHER REQUIRED DOCUMENTS,
    INCLUDING DELIVERY THROUGH THE BOOK-ENTRY TRANSFER FACILITY, IS
    AT THE OPTION AND RISK OF THE TENDERING STOCKHOLDER AND EXCEPT
    AS OTHERWISE PROVIDED IN THIS INSTRUCTION, THE DELIVERY WILL BE
    DEEMED MADE ONLY WHEN ACTUALLY RECEIVED BY THE DEPOSITARY. IF
    DELIVERY IS BY MAIL, REGISTERED MAIL WITH RETURN RECEIPT
    REQUESTED, PROPERLY INSURED, IS RECOMMENDED. THE STOCKHOLDER HAS
    THE RESPONSIBILITY TO CAUSE THE LETTER OF TRANSMITTAL,
    CERTIFICATES AND ANY OTHER DOCUMENTS TO BE TIMELY DELIVERED.</B>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No alternative, conditional or contingent tenders will be
    accepted, except as may be permitted in the Fund&#146;s Offer to
    Repurchase. All tendering Stockholders, by execution of this
    Letter of Transmittal (or facsimile thereof), waive any right to
    receive any notice of the acceptance for payment of Shares.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Lost Certificates.</I>&#160;&#160;In the event that
    any Stockholder is unable to deliver to the Depositary the
    Fund&#160;Certificate(s) representing his, her or its Shares due
    to the loss or destruction of such Certificate(s), such fact
    should be included on the face of this Letter of Transmittal. In
    such case, the Stockholder should also contact the Depositary,
    at their number
    <FONT style="white-space: nowrap">1-800-331-1710,</FONT>
    to report the lost securities. The Depositary will forward
    additional documentation which such stockholder must complete in
    order to effectively surrender such lost or destroyed
    Certificate(s) (including affidavits of loss and indemnity bonds
    in lieu thereof). There may be a fee in respect of lost or
    destroyed Certificates, but surrenders hereunder regarding such
    lost certificates will be processed only after such
    documentation has been submitted to and approved by the
    Depositary.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    6
</DIV><!-- END LOGICAL PAGE -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Inadequate Space.</I>&#160;&#160;If the space
    provided is inadequate, the certificate numbers
    <FONT style="white-space: nowrap">and/or</FONT>
    number of Shares should be listed on a separate, signed schedule
    attached hereto.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Partial Tenders and Unpurchased
    Shares.</I>&#160;&#160;(Not applicable to Stockholders who
    tender by book-entry transfer.) If fewer than all the Shares
    evidenced by any certificate submitted are to be tendered, fill
    in the number of Shares which are to be tendered in the column
    entitled &#147;Number of Shares&#160;Tendered.&#148; In such
    case, a new certificate for the remainder of the Shares
    evidenced by the old certificate(s) will be issued and sent to
    the registered holder, unless otherwise specified in the
    &#147;Special Payment Instructions&#148; or &#147;Special
    Delivery Instructions&#148; boxes in this Letter of Transmittal,
    as soon as practicable after the Repurchase Request Deadline of
    the Offer to Repurchase. All Shares represented by certificates
    listed and delivered to the Depositary are deemed to have been
    tendered unless otherwise indicated.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Signatures on Letter of Transmittal; Stock Powers and
    Endorsements.</I>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;If this Letter of Transmittal is signed by the
    registered holder(s) of the Shares tendered hereby, the
    signature(s) must correspond exactly with the name(s) on the
    face of the certificates.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If any of the tendered Shares are held of record by two
    or more joint holders, ALL such holders must sign this Letter of
    Transmittal.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;If any tendered Shares are registered in different
    names on several certificates, it will be necessary to complete,
    sign and submit as many Letters of Transmittal as there are
    different registrations of certificates.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;If this Letter of Transmittal is signed by the
    registered holder(s) of the Shares listed and transmitted
    hereby, no endorsements of certificates or separate stock powers
    are required unless payment is to be made, or the certificates
    for Shares not tendered or purchased are to be issued, to a
    person other than the registered holder(s), in which case the
    endorsements or signatures on the stock powers, as the case may
    be, must be signed exactly as the name(s) of the registered
    holder(s) appear(s) on the certificates. Signatures on such
    certificates or stock powers must be guaranteed by an Eligible
    Institution. See also Instruction&#160;1.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;If this Letter of Transmittal or any certificates or
    stock powers are signed by trustees, executors, administrators,
    guardians, agents,
    <FONT style="white-space: nowrap">attorneys-in-fact,</FONT>
    officers of corporations or others acting in a fiduciary or
    representative capacity, such persons should so indicate when
    signing and must submit proper evidence satisfactory to the Fund
    of their authority to so act.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;If this Letter of Transmittal is signed by a person(s)
    other than the registered holder(s) of the certificates listed
    and transmitted hereby, the certificates must be endorsed or
    accompanied by appropriate stock powers, in either case signed
    exactly as the name or names of the registered holder(s) appear
    on the certificates. Signatures on such certificates of stock
    powers must be guaranteed by an Eligible Institution. See also
    Instruction&#160;1.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Stock Transfer Taxes.</I>&#160;&#160;Except as set
    forth in this Instruction&#160;7, no stock transfer tax stamps
    or funds to cover such stamps need accompany this Letter of
    Transmittal, and the Fund will pay all stock transfer taxes, if
    any, with respect to the transfer and sale of Shares to it
    pursuant to the Offer. If, however, payment of the repurchase
    price is to be made to, or (in the circumstances permitted by
    the Fund&#146;s Offer to Repurchase) if Shares not tendered or
    not purchased are to be registered in the name of any person
    other than the registered holder, or if tendered certificates
    are registered in the name of any person other than the
    person(s) signing this Letter of Transmittal, the amount of any
    stock transfer taxes (whether imposed on the registered holder
    or such other person) payable on account of the transfer to such
    person will be deducted from the Purchase Price unless
    satisfactory evidence of the payment of such taxes, or exemption
    therefrom, is submitted.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Special Payment and Delivery
    Instructions.</I>&#160;&#160;If certificates for Shares not
    tendered or not purchased are to be issued in the name of a
    person other than the person signing this Letter of Transmittal
    or if such certificates are to be sent to someone other than the
    person signing this Letter of Transmittal or to the person
    signing this Letter of Transmittal at an address other than that
    shown above, the boxes captioned &#147;Special Payment
    Instructions&#148;
    <FONT style="white-space: nowrap">and/or</FONT>
    &#147;Special Delivery Instructions&#148; on this Letter of
    Transmittal should be completed. Signatures must be guaranteed
    by an Eligible Institution. See also Instruction&#160;1.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I>Irregularities.</I>&#160;&#160;All questions as to
    the validity, form, eligibility (including time of receipt) and
    acceptance for payment of any tender of Shares will be
    determined by the Fund, in its sole discretion, which
    determination shall be final and binding. The Fund reserves the
    absolute right to reject any or all tenders of any particular
    Shares (i)&#160;determined by it not to be in proper form
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END LOGICAL PAGE -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or (ii)&#160;the acceptance of or payment for which may, in the
    opinion of the Fund&#146;s counsel, be unlawful. The Fund also
    reserves the absolute right to waive any of the conditions of
    the Repurchase Offer, in whole or in part, or any defect or
    irregularity in tender of any particular Shares or Stockholder,
    and the Fund&#146;s interpretations of the terms and conditions
    of the Repurchase Offer (including these instructions) shall be
    final and binding. No tender of Shares will be deemed to be
    properly made until all defects and irregularities have been
    cured or waived. Neither the Fund, the Depositary, the
    Information Agent nor any other person shall be obligated to
    give notice of defects or irregularities in tenders, nor shall
    any of them incur any liability for failure to give any such
    notice. Unless waived, any defects or irregularities must be
    cured within such time as the Fund shall determine.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;<I>Requests for Assistance and Additional
    Copies.</I>&#160;&#160;Requests for assistance should be
    directed to, and additional copies of the Fund&#146;s Offer to
    Repurchase, the Notice of Guaranteed Delivery and this Letter of
    Transmittal may be obtained from, the Information Agent at the
    address set forth at the end of this Letter of Transmittal or
    from your broker, dealer, commercial bank, trust company, or
    other nominee. The Information Agent will also provide
    Stockholders, upon request, with a Certificate of Foreign Status
    of Beneficial Owner for United&#160;States Tax Withholding
    <FONT style="white-space: nowrap">(W-8BEN)</FONT> or
    a Certificate of Foreign Person&#146;s Claim That Income Is
    Effectively Connected With the Conduct of a Trade or Business in
    the United States
    <FONT style="white-space: nowrap">(W-8ECI).</FONT>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.&#160;<I>Backup Withholding.</I>&#160;&#160;Each Stockholder
    that desires to participate in the Offer to Repurchase must,
    unless an exemption applies, provide the Depositary with the
    Stockholder&#146;s taxpayer identification number on the
    Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    set forth in this Letter of Transmittal, with the required
    certifications being made under penalties of perjury. If the
    Stockholder is an individual, the taxpayer identification number
    is his or her social security number. If the Depositary is not
    provided with the correct taxpayer identification number, the
    Stockholder may be subject to a $50 penalty imposed by the
    Internal Revenue Service in addition to being subject to backup
    withholding.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders are required to give the Depositary the taxpayer
    identification number of the record owner of the Shares by
    completing the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    included with this Letter of Transmittal. If the Shares are
    registered in more than one name or are not in the name of the
    actual owner, consult the &#147;Guidelines for Certification of
    Taxpayer Identification Number on Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9,&#148;</FONT>
    which immediately follow the Substitute
    <FONT style="white-space: nowrap">Form&#160;W-9.</FONT>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If backup withholding applies, the Depositary is required to
    withhold 28% of any payment made to the Stockholder with respect
    to Shares purchased pursuant to the Repurchase Offer. Backup
    withholding is not an additional tax. Rather, the
    U.S.&#160;federal income tax liability of persons subject to
    backup withholding will be reduced by the amount of tax
    withheld. If withholding results in an overpayment of taxes, a
    refund may be obtained by the Stockholder from the Internal
    Revenue Service.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain Stockholders (including, among others, most corporations
    and certain foreign persons) are exempt from backup withholding
    requirements. To qualify as an exempt recipient on the basis of
    foreign status, a Stockholder must generally submit a properly
    completed
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    or
    <FONT style="white-space: nowrap">Form&#160;W-8ECI,</FONT>
    signed under penalties of perjury, attesting to that
    person&#146;s exempt status. A Stockholder would use a
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    to certify that it (1)&#160;is neither a citizen nor a resident
    of the United States, (2)&#160;has not been and reasonably does
    not expect to be present in the United States for a period
    aggregating 183&#160;days or more during the calendar year, and
    (3)&#160;reasonably expects not to be engaged in a trade or
    business within the United States to which the gain on the sale
    of the Shares would be effectively connected; and would use a
    <FONT style="white-space: nowrap">Form&#160;W-8ECI</FONT>
    to certify that (1)&#160;it is neither a citizen nor resident of
    the U.S., and (2)&#160;the proceeds of the sale of the Shares
    are effectively connected with a U.S.&#160;trade or business. A
    foreign Stockholder (a
    <FONT style="white-space: nowrap">&#147;Non-U.S.&#160;Stockholder&#148;)</FONT>
    may also use a
    <FONT style="white-space: nowrap">Form&#160;W-8BEN</FONT>
    to certify that it is eligible for benefits under a tax treaty
    between the United States and such foreign person&#146;s country
    of residence.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>A STOCKHOLDER SHOULD CONSULT HIS OR HER TAX ADVISOR AS TO HIS
    OR HER QUALIFICATION FOR EXEMPTION&#160;FROM THE BACKUP
    WITHHOLDING REQUIREMENTS AND THE PROCEDURE FOR OBTAINING AN
    EXEMPTION.</B>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.&#160;<I>Withholding for
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholders.</FONT></I>&#160;&#160;Even
    if a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    has provided the required certification to avoid backup
    withholding, the Depositary will withhold U.S.&#160;federal
    income taxes equal to 30% of the gross payments payable to a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    or his or her agent unless the Depositary determines that a
    reduced rate of withholding is available pursuant to a tax
    treaty or that an exemption from withholding is applicable
    because such gross proceeds are effectively connected with the
    conduct of a trade or business within the U.S.&#160;In order to
    obtain a reduced rate of withholding pursuant to a tax treaty, a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    must deliver to the Depositary before the payment a properly
    completed and executed IRS
    <FONT style="white-space: nowrap">Form&#160;W-8BEN.</FONT>
    In order to obtain an exemption from withholding on the grounds
    that the gross proceeds paid pursuant to the Repurchase Offer
    are effectively connected with the conduct of a trade or
    business within the U.S., a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    must
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END LOGICAL PAGE -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    deliver to the Depositary before the payment a properly
    completed and executed IRS
    <FONT style="white-space: nowrap">Form&#160;W-8ECI.</FONT>
    The Depositary will determine a shareowner&#146;s status as a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    and eligibility for a reduced rate of, or exemption from,
    withholding by reference to any outstanding certificates or
    statements concerning eligibility for a reduced rate of, or
    exemption from, withholding (e.g., IRS
    <FONT style="white-space: nowrap">Forms&#160;W-8BEN</FONT>
    or <FONT style="white-space: nowrap">W-8ECI)</FONT>
    unless facts and circumstances indicate that such reliance is
    not warranted. A
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholder</FONT>
    may be eligible to obtain a refund of all or a portion of any
    tax withheld if such shareowner satisfies certain requirements
    or is otherwise able to establish that no tax or a reduced
    amount of tax is due. Backup withholding generally will not
    apply to amounts subject to the 30% or a treaty-reduced rate of
    withholding.
    <FONT style="white-space: nowrap">Non-U.S.&#160;Stockholders</FONT>
    are urged to consult their own tax advisors regarding the
    application of federal income tax withholding, including
    eligibility for a withholding tax reduction or exemption, and
    the refund procedure.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    13.&#160;<I>Odd Lots.</I>&#160;&#160;As described in
    Section&#160;1 of the Offer to Repurchase, the Fund will
    purchase Shares validly tendered and not properly withdrawn
    prior to the Repurchase Request Deadline,March&#160;16, 2007, by
    any Stockholder who owns beneficially or of record an aggregate
    of not more than 99&#160;Shares (an &#147;Odd Lot Holder&#148;).
    This preference will not be available unless the item captioned
    &#147;Odd Lots&#148; is completed.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END LOGICAL PAGE -->
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<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN LOGICAL PAGE -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="21%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="38%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutterleft -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutterright -->
    <TD width="33%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<TR style="font-size: 10pt" valign="bottom" align="center">
<TD colspan="7" align="center" valign="bottom" style="border-right: 1px solid #000000; padding-right: 2pt; border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B>PAYER&#146;S NAME: PFPC INC.</B>
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt; border-top: 1px solid #000000">
    <B><FONT style="font-size: 9pt">SUBSTITUTE<BR>
    <BR>
    </FONT><FONT style="font-size: 10pt">FORM&#160;</FONT><FONT style="font-size: 18pt"><FONT style="white-space: nowrap">W-9</FONT><BR>
    <BR>
    </FONT><FONT style="font-size: 9pt">Department of the
    Treasury<BR>
    Internal Revenue Service<BR>
    <BR>
    Payer&#146;s Request for Taxpayer<BR>
    Identification Number&#160;(TIN)</FONT></B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD align="left" valign="top" style="border-top: 1px solid #000000">
<DIV style="text-indent: -0pt; margin-left: 0pt;">
<B><FONT style="font-size: 10pt">Part&#160;1</FONT></B><FONT style="font-size: 10pt">&#160;&#151; PLEASE PROVIDE YOUR NAME AND TIN IN THE BOX AT RIGHT AND CERTIFY BY SIGNING AND DATING BELOW.<BR><BR><B>Part&#160;2&#160;&#151; CERTIFICATION</B>. Under penalty of perjury, I certify that:<BR><BR></FONT>
</DIV>
<DIV style="text-indent: -17pt; margin-left: 17pt;">
<FONT style="font-size: 10pt">(1)&#160;The number shown on this form is my correct Taxpayer Identification Number (or I am waiting for a number to be issued to me), and<BR><BR></FONT>
</DIV>
<DIV style="text-indent: -17pt; margin-left: 17pt;">
<FONT style="font-size: 10pt">(2)&#160;I am not subject to backup withholding because (a)&#160;I am exempt from backup withholding, or (b)&#160;I have not been notified by the Internal Revenue Service (the &#147;IRS&#148;) that I am subject to backup withholding as a result of failure to report all interest or dividends, or (c)&#160;the IRS has notified me that I am no longer subject to backup withholding,
and<BR><BR></FONT>
</DIV>
<DIV style="text-indent: -17pt; margin-left: 17pt;">
<FONT style="font-size: 10pt">(3)&#160;I am a U.S.&#160;person (including a U.S.&#160;resident alien).</FONT>
</DIV>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD align="center" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=208 iwidth=156 length=0 --><FONT style="font-size: 10pt">Name<BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=208 iwidth=156 length=0 -->Social
    Security Number<BR>
    OR<BR>
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=208 iwidth=156 length=0 -->Employer
    Identification Number<BR>
    <BR>
    <BR>
    <BR>
    <BR>
    <CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=208 iwidth=156 length=0 --><BR>
    <B>Part 3&#160;&#151;<BR>
    <BR>
    &#160;&#160;&#160;&#160;&#160;</B><FONT face="wingdings">o</FONT>&#160;Awaiting
    TIN
    </FONT>
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="4" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
    <B><FONT style="font-size: 10pt">Certificate
    Instructions</FONT></B><FONT style="font-size: 10pt">&#160;&#151;
    You must cross out item (2)&#160;above if you have been notified
    by the IRS that you are subject to backup withholding because of
    under-reporting interest or dividends on your tax return.
    However, if after being notified by the IRS that you were
    subject to backup withholding you received another notification
    from the IRS that you are no longer subject to backup
    withholding, do not cross out such item (2).
    </FONT>
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="4" style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
    <FONT style="font-size: 10pt">The Internal Revenue Service does
    not require your consent to any provision of this document other
    than the certifications required to avoid backup withholding.
    </FONT>
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
    <FONT style="font-size: 10pt">SIGNATURE&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=201 iwidth=360 length=316 -->
    </FONT>
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD style="border-left: 1px solid #000000; padding-left: 2pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top" style="border-left: 1px solid #000000; padding-left: 2pt">
    <B><FONT style="font-size: 9pt">Sign Here</FONT></B>
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="4" valign="top" style="border-right: 1px solid #000000; padding-right: 2pt">
    <FONT style="font-size: 10pt">DATE&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=201 iwidth=360 length=344 -->
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTE:
    FAILURE TO COMPLETE AND RETURN THIS FORM&#160;MAY RESULT IN
    BACKUP WITHHOLDING<BR>
    OF 28% OF ANY PAYMENTS MADE TO YOU PURSUANT TO THE OFFER TO
    REPURCHASE. PLEASE REVIEW THE ENCLOSED GUIDELINES FOR
    CERTIFICATION OF TAXPAYER IDENTIFICATION NUMBER ON SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9</FONT>
    FOR ADDITIONAL DETAILS.</FONT></B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    I certify under penalties of perjury that a taxpayer
    identification number has not been issued to me, and either
    (1)&#160;I have mailed or delivered an application to receive a
    taxpayer identification number to the appropriate Internal
    Revenue Service Center or Social Security Administration Office,
    or (2)&#160;I intend to mail or deliver an application in the
    near future. I understand that if I do not provide a taxpayer
    identification number by the time of payment, 28% of all
    reportable payments made to me will be withheld.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Signature&#160;<FONT style="word-spacing: 200pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=266 -->&#160;&#160;&#160;&#160;&#160;&#160;Date&#160;<FONT style="word-spacing: 60pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=96 -->,&#160;2007
</DIV>
</DIV><!-- End box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    10
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">GUIDELINES
    FOR CERTIFICATION OF TAXPAYER IDENTIFICATION<BR>
    NUMBER ON SUBSTITUTE
    <FONT style="white-space: nowrap">FORM&#160;W-9</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Guidelines for Determining the Proper Identification Number for
    the Payee (You) to Give the Payer.&#160;&#151; Social security
    numbers have nine digits separated by two hyphens: i.e.,
    <FONT style="white-space: nowrap">000-00-0000.</FONT>
    Employee identification numbers have nine digits separated by
    only one hyphen: i.e.,
    <FONT style="white-space: nowrap">00-0000000.</FONT>
    The table below will help determine the number to give the
    payer. All &#147;Section&#148; references are to the Internal
    Revenue Code of 1986, as amended. &#147;IRS&#148; is the
    Internal Revenue Service.
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;border-bottom: 1pt solid #000000">
</DIV>
<!-- callerid=107 iwidth=504 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=01 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="44%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="44%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD colspan="5" align="left" valign="bottom">
    For this type of account:
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Give the social security number of&#160;&#151;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" align="left" valign="top">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=238 length=0 -->
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    &#160;1.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">Individual
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The Individual
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">Two or more individuals (joint
    account)
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">The actual owner of the account or,
    if combined funds, the first individual on the
    account<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">Custodian account of a minor
    (Uniform Gift to Minors Act)
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The
    minor<SUP style="font-size: 85%; vertical-align: text-top">2</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <FONT style="font-size: 7pt">a.&#160;The usual revocable savings
    trust account (grantor is also trustee)
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The
    grantor-trustee<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <FONT style="font-size: 7pt">b.&#160;So-called trust account
    that is not a legal or valid trust under state law
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">The actual
    owner<SUP style="font-size: 85%; vertical-align: text-top">1</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">Sole proprietorship
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The
    owner<SUP style="font-size: 85%; vertical-align: text-top">3</SUP>
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="font-size: 0pt; margin-left: 0%; width: 100%;border-bottom: 1pt solid #000000">
</DIV>
<!-- callerid=107 iwidth=504 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=01 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="44%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="4%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="44%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD colspan="5" nowrap align="left" valign="bottom">
    For this type of account:<BR>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Give the employer identification number of&#160;&#151;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="7" align="left" valign="top">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <DIV style="font-size: 0pt; margin-left: 0%; width: 100%;border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=238 length=0 -->
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    6.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">Sole proprietorship
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The
    owner<SUP style="font-size: 85%; vertical-align: text-top">3</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    7.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">A valid trust, estate, or pension
    trust
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">The legal
    entity<SUP style="font-size: 85%; vertical-align: text-top">4</SUP>
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    8.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">Corporate
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The corporation
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    9.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">Association, club, religious,
    charitable, educational, or other tax-exempt organization
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The organization
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">Partnership
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    <FONT style="font-size: 7pt">The partnership
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    11.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">A broker or registered nominee
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">The broker or nominee
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    12.
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">Account with the Department of
    Agriculture in the name of a public entity (such as a state or
    local government, school district, or prison) that receives
    agricultural program payments
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    <FONT style="font-size: 7pt">The public entity
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="font-size: 6pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=504 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#160;1.&#160;&#160;
</TD>
    <TD align="left">    List first and circle the name of the person whose number you
    furnish. If only one person on a joint account has a social
    security number, that person&#146;s number must be furnished.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#160;2.&#160;&#160;
</TD>
    <TD align="left">    Circle the minor&#146;s name and furnish the minor&#146;s social
    security number.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#160;3.&#160;&#160;
</TD>
    <TD align="left">    You must show your individual name, but you may also enter your
    business or &#147;doing business as&#148; name. You may use
    either your social security number of your employer
    identification number (if you have one).
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#160;4.&#160;&#160;
</TD>
    <TD align="left">    List first and circle the name of the legal trust, estate, or
    pension trust. (Do not furnish the taxpayer identification
    number of the personal representative or trustee unless the
    legal entity itself is not designated in the account title.)
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>NOTE: </B><I>If no name is circled when there is more than
    one name, the number will be considered to be that of the first
    name listed.</I>
</DIV>

<DIV style="font-size: 6pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=504 length=0 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Obtaining
    a Number</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you don&#146;t have a taxpayer identification number or you
    don&#146;t know your number, obtain
    <FONT style="white-space: nowrap">Form&#160;SS-5,</FONT>
    Application for a Social Security Card, at the local Social
    Security Administration office, or
    <FONT style="white-space: nowrap">Form&#160;SS-4,</FONT>
    Application for Employer Identification Number, by calling 1
    (800)&#160;TAX-FORM, and apply for a number.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Payees
    Exempt from Backup Withholding</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Payees
    specifically exempted from withholding include:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    An organization exempt from tax under Section&#160;501(a), an
    individual retirement account (IRA), or a custodial account
    under Section&#160;403(b)(7), if the account satisfies the
    requirements of Section&#160;401(f)(2).
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    The United States or a state thereof, the District of Columbia,
    a possession of the United States, or a political subdivision or
    instrumentality of any one or more of the foregoing.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    An international organization or any agency or instrumentality
    thereof.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A foreign government and any political subdivision, agency or
    instrumentality thereof.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 8pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Payees
    that may be exempt from backup withholding include:</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A corporation.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A financial institution.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A dealer in securities or commodities required to register in
    the United States, the District of Columbia, or a possession of
    the United States.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A real estate investment trust.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A common trust fund operated by a bank under Section&#160;584(a).
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    An entity registered at all times during the tax year under the
    Investment Company Act of 1940.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A middleman known in the investment community as a nominee or
    custodian.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A futures commission merchant registered with the Commodity
    Futures Trading Commission.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A foreign central bank of issue.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    A trust exempt from tax under Section&#160;664 or described in
    Section&#160;4947.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Payments of dividends and patronage dividends generally
    exempt from backup withholding include:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments to nonresident aliens subject to withholding under
    Section&#160;1441.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments to partnerships not engaged in a trade or business in
    the United States and that have at least one nonresident alien
    partner.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments of patronage dividends not paid in money.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments made by certain foreign organizations.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Section&#160;404(k) payments made by an ESOP.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Payments of interest generally exempt from backup withholding
    include:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments of interest on obligations issued by individuals. Note:
    You may be subject to backup withholding if this interest is
    $600 or more and you have not provided your correct taxpayer
    identification number to the payer.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments of tax-exempt interest (including exempt-interest
    dividends under Section&#160;852).
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments described in Section&#160;6049(b)(5) to nonresident
    aliens.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments on tax-free covenant bonds under Section&#160;1451.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Payments made by certain foreign organizations.
</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR valign="top" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    &#149;&#160;
</TD>
    <TD align="left">    Mortgage interest paid to you.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain payments, other than payments of interest, dividends,
    and patronage dividends, that are exempt from information
    reporting are also exempt from backup withholding. For details,
    see the regulations under Sections&#160;6041, 6041A, 6042, 6044,
    6045, 6049, 6050A and 6050N.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Exempt payees described above must file
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    or a substitute
    <FONT style="white-space: nowrap">Form&#160;W-9</FONT>
    to avoid possible erroneous backup withholding. FILE THIS
    FORM&#160;WITH THE PAYER, FURNISH YOUR TAXPAYER IDENTIFICATION
    NUMBER, WRITE &#147;EXEMPT&#148; ON THE FACE OF THE FORM, SIGN
    AND DATE THE FORM, AND RETURN IT TO THE PAYER.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Privacy Act Notice&#160;&#151; Section&#160;6109 requires you to
    provide your correct taxpayer identification number to payers,
    who must report the payments to the IRS. The IRS uses the number
    for identification purposes and may also provide this
    information to various government agencies for tax enforcement
    or litigation purposes. Payers must be given the numbers whether
    or not recipients are required to file tax returns. Payers must
    generally withhold 28% of taxable interest, dividends, and
    certain other payments to a payee who does not furnish a
    taxpayer identification number to payer. Certain penalties may
    also apply.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Penalties</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;<B>Failure to Furnish Taxpayer Identification
    Number.</B>&#160;&#151; If you fail to furnish your taxpayer
    identification number to a payer, you are subject to a penalty
    of $50 for each such failure unless your failure is due to
    reasonable cause and not to willful neglect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;<B>Civil Penalty for False Information With Respect to
    Withholding.</B>&#160;&#151; If you make a false statement with
    no reasonable basis that results in no backup withholding, you
    are subject to a $500 penalty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;<B>Criminal Penalty for Falsifying
    Information.</B>&#160;&#151; Willfully falsifying certifications
    or affirmations may subject you to criminal penalties including
    fines <FONT style="white-space: nowrap">and/or</FONT>
    imprisonment.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-size: 8pt">FOR ADDITIONAL INFORMATION CONTACT
    YOUR TAX<BR>
    CONSULTANT OR THE INTERNAL REVENUE SERVICE
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    11
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IMPORTANT:&#160;&#160;This Letter of Transmittal or a manually
    signed facsimile thereof (together with certificates for Shares
    and all other required documents) or the Notice of Guaranteed
    Delivery must be received by the Depositary prior to
    5:00&#160;p.m., New York City time, on March&#160;16, 2007, at
    the appropriate address set forth below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Depositary for the Repurchase Offer is:
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>PFPC INC.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Depositary Addresses:</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">By Registered,
    Certified</FONT></I>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">or Express Mail or</FONT></I>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">By First
    Class&#160;Mail:</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <I><FONT style="font-size: 10pt">Overnight Courier:</FONT></I>
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">PFPC Inc.&#160;
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.&#160;
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">P.O. Box&#160;859208
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">161 Bay State Drive
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Braintree, MA
    <FONT style="white-space: nowrap">02185-9208</FONT>
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Braintree, MA 02184
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any questions or requests for assistance or additional copies of
    this Letter of Transmittal, the Fund&#146;s Offer to Repurchase,
    the Notice of Guaranteed Delivery and other accompanying
    materials may be directed to the Information Agent at its
    telephone number and location listed below. Stockholders may
    also contact their broker, commercial bank or trust company or
    other nominee for assistance concerning the Repurchase Offer.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The Information Agent for the Repurchase Offer is:</I>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GEORGESON INC.</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    17 State Street
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    New York, New York 10004
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Toll Free: 1-866-297-1264
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Banks and Brokers, Call:
    <FONT style="white-space: nowrap">212-440-9800</FONT>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.III
<SEQUENCE>4
<FILENAME>y30169exv99wawiii.htm
<DESCRIPTION>EX-99.A.III: NOTICE OF GUARANTEED DELIVERY
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.III</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTICE OF
    GUARANTEED DELIVERY<BR>
    FOR<BR>
    TENDER OF SHARES&#160;OF COMMON STOCK OF<BR>
    <BR>
    <FONT style="font-size: 12pt">THE INDIA FUND,
    INC.</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This form, or one substantially equivalent hereto, must be used
    to accept the Repurchase Offer (as defined below) if
    stockholders&#146; certificates for shares of common stock, par
    value $0.001&#160;per share (the &#147;Shares&#148;) of The
    India Fund, Inc. (the &#147;Fund&#148;), are not immediately
    available or time will not permit the Letter of Transmittal and
    other required documents to be delivered to the Depositary on or
    before 5:00&#160;p.m., New York City time, March&#160;16, 2007
    (the &#147;Repurchase Request Deadline&#148;). The Fund has
    established a record date of February&#160;16, 2007, for
    identifying stockholders eligible to receive Repurchase Offer
    materials. Such form may be delivered by hand or transmitted by
    telegram, facsimile transmission or mail to the Depositary, and
    must be received by the Depositary on or before the Repurchase
    Request Deadline. See Section&#160;5, &#147;Procedure for
    Tendering Shares,&#148; of the Offer to Purchase.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">The
    Depositary:<BR>
    <BR>
    </FONT></I><B><FONT style="font-family: 'Times New Roman', Times">PFPC
    INC.<BR>
    <BR>
    </FONT></B><FONT style="font-family: 'Times New Roman', Times">Facsimile
    Copy Number:<BR>
    <FONT style="white-space: nowrap">781-380-3388</FONT><BR>
    <BR>
    Confirm by Telephone:<BR>
    <FONT style="white-space: nowrap">781-843-1833,</FONT>
    Ext. 200<BR>
    <BR>
    For Account&#160;Information Call:<BR>
    <BR>
    Georgeson Inc.<BR>
    <BR>
    Toll Free: 1-866-297-1264
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
    <I><FONT style="font-size: 10pt">By First
    Class&#160;Mail:</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <I><FONT style="font-size: 10pt">By Registered, Certified<BR>
    or Express Mail or<BR>
    Overnight Courier:</FONT></I>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="bottom">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.&#160;
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    <FONT style="font-size: 10pt">PFPC Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
    <FONT style="font-size: 10pt">Attn: Corporate Actions
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">c/o Computershare Shareholder
    Services, Inc.
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="bottom">
    <FONT style="font-size: 10pt">P.O. Box&#160;859208
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">161 Bay State Drive
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD align="center" valign="bottom">
    <FONT style="font-size: 10pt">Braintree, MA
    <FONT style="white-space: nowrap">02185-9208</FONT>
    </FONT>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <FONT style="font-size: 10pt">Braintree, MA 02184
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DELIVERY
    OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE
    OR TRANSMISSION VIA A FACSIMILE NUMBER OTHER THAN ONE LISTED
    ABOVE DOES NOT CONSTITUTE A VALID DELIVERY</FONT></B>
</DIV>
</DIV><!-- End box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned hereby tenders to The India Fund, Inc. (the
    &#147;Fund&#148;), upon the terms and subject to the conditions
    set forth in its Offer to Repurchase, dated February&#160;23,
    2007 and the related Letter of Transmittal (which together
    constitute the &#147;Repurchase Offer&#148;), receipt of which
    is hereby acknowledged, the number of Shares set forth on the
    reverse side pursuant to the guaranteed delivery procedures set
    forth in Section&#160;5, &#147;Procedure for Tendering
    Shares,&#148; of the Offer to Repurchase.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN LOGICAL PAGE -->
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Number of
    Shares&#160;Tendered:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=84 -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certificate Nos. (if available):
</DIV>

<DIV style="margin-top: 22pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Shares will be tendered by book-entry transfer, check box:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT face="wingdings">o</FONT>&#160;&#160;&#160;&#160;&#160;
    The Depository Trust Company
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Account Number:
</DIV>

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name(s) of Record Holder(s):
</DIV>

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Address:
</DIV>

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Area Code and Telephone Number:
</DIV>

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Taxpayer Identification (Social Security) Number:
</DIV>

<DIV style="margin-top: 20pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 0pt; margin-left: 0%; width: 100%; align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned also tenders all uncertificated Shares that may
    be held in the name of the registered holder(s) by the
    Fund&#146;s transfer agent pursuant to the Fund&#146;s dividend
    reinvestment plan:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=84 -->&#160;Yes&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=480 length=84 -->No
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Note: If neither of these boxes is checked,
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    any such uncertificated Shares will not be tendered.)
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="54%"></TD>
    <TD width="46%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    Dated:
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=124 iwidth=260 length=84 -->,
    2007&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</TD>
    <TD valign="bottom" align="left">
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=125 iwidth=220 length=0 -->&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=128 iwidth=220 length=0 -->&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</DIV>

<DIV align="center" style="margin-left: 54%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Signature(s)
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN LOGICAL PAGE -->
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">GUARANTEE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned, a member firm of a registered national
    securities exchange, a member of the National Association of
    Securities Dealers, Inc., or a commercial bank or trust company
    having an office, branch, or agency in the United States, hereby
    (a)&#160;guarantees to deliver to the Depositary certificates
    representing the Shares tendered hereby, in proper form for
    transfer (or tender shares pursuant to the procedures for
    book-entry transfer) into the Depositary&#146;s account at The
    Depositary Trust Company, together with (i)&#160;a properly
    completed and duly executed Letter of Transmittal (or facsimile
    thereof) with any required signature guarantees and
    (ii)&#160;other required documents, within three business days
    after the Repurchase Request Deadline of the Repurchase Offer,
    and (b)&#160;represents that such tender of Shares complies with
    <FONT style="white-space: nowrap">Rule&#160;14e-4</FONT>
    under the Securities&#160;Exchange Act of 1934, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">Name of
    Firm:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <FONT style="font-size: 10pt">&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 8pt">(Authorized Signature)</FONT></B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">Address:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <FONT style="font-size: 10pt">Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B><FONT style="font-size: 8pt">(Please Print)</FONT></B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <FONT style="font-size: 10pt">Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B><FONT style="font-size: 8pt">CityStateZip Code</FONT></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-size: 10pt">Area Code and Tel.
    No.&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->
    </FONT>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <FONT style="font-size: 10pt">Dated:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt"><U>_
    _</U></FONT><!-- callerid=208 iwidth=235 length=0 -->,
    2007
    </FONT>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DO NOT
    SEND SHARE CERTIFICATES WITH THIS FORM. YOUR SHARE <BR>
    CERTIFICATES MUST BE SENT WITH THE LETTER OF
    TRANSMITTAL.</FONT></B>
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    3
</DIV><!-- END LOGICAL PAGE -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.IV
<SEQUENCE>5
<FILENAME>y30169exv99wawiv.htm
<DESCRIPTION>EX-99.A.IV: BROKER, DEALER LETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.IV</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Offer
    by<BR>
    THE INDIA FUND, INC.<BR>
    To Repurchase for Cash<BR>
    up to 5% of the Fund&#146;s Outstanding<BR>
    Shares of Common Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE OFFER
    AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00&#160;P.M.,<BR>
    NEW YORK CITY TIME, ON MARCH&#160;16, 2007<BR>
    (&#147;REPURCHASE REQUEST DEADLINE&#148;)<BR>
    THIS OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES<BR>
    BEING TENDERED, BUT IS SUBJECT TO OTHER CONDITIONS AS OUTLINED
    IN THE<BR>
    OFFER TO REPURCHASE AND IN THE LETTER OF TRANSMITTAL.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">February&#160;23,
    2007
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To Brokers, Dealers, Commercial Banks,
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;Trust Companies and Other Nominees:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are enclosing herewith the material listed below relating to
    the offer of The India Fund, Inc., a Maryland corporation
    registered under the Investment Company Act of 1940, as amended,
    as a closed-end, non-diversified management investment company
    (the &#147;Fund&#148;), to purchase up to 5% of the Fund&#146;s
    outstanding shares of Common Stock, par value $0.001&#160;per
    share (the &#147;Shares&#148;), upon the terms and conditions
    set forth in the Offer to Repurchase dated February&#160;23,
    2007 and in the related Letter of Transmittal (which together
    constitute the &#147;Repurchase Offer&#148;). The price to be
    paid for the Shares is an amount per Share, net to the seller in
    cash, equal to 100% of the net asset value per Share as
    determined by the Fund at the close of regular trading on the
    New York Stock Exchange on March&#160;23, 2007 (the
    &#147;Repurchase Pricing Date&#148;), minus a repurchase fee
    (the &#147;Repurchase Fee&#148;) equal to 2% of net asset value
    per Share. The Fund has established a record date of
    February&#160;16, 2007 for identifying stockholders eligible to
    receive Repurchase Offer materials.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Blackstone Asia Advisors L.L.C. (&#147;Blackstone
    Advisors&#148;) serves as the Fund&#146;s Investment Manager.
    Blackstone Advisors is an affiliate of The Blackstone Group.
    Blackstone Advisors is a limited liability company organized
    under the laws of Delaware on August&#160;26, 2005 and a
    registered investment adviser under the Investment Advisers Act
    of 1940. The principal business address of Blackstone Advisors
    is 345 Park Avenue, New York, NY 10154.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are asking you to contact your clients for whom you hold
    Shares registered in your name (or in the name of your nominee)
    or who hold Shares registered in their own names. Please bring
    the Repurchase Offer to their attention as promptly as possible.
    No fees or commission will be payable to brokers, dealers or
    other persons for soliciting tenders of Shares pursuant to the
    Offer. The Fund will, upon request, reimburse you for reasonable
    and customary mailing and handling expenses incurred by you in
    forwarding any of the enclosed materials to your clients. The
    Fund will pay all transfer taxes on its purchase of Shares,
    subject to Instruction&#160;7, &#147;Stock Transfer Taxes,&#148;
    of the Letter of Transmittal. <B>However, backup withholding at
    a 28% rate may be required unless either an exemption is proved
    or the required taxpayer identification information and
    certifications are provided. See Section&#160;13, &#147;Federal
    Income Tax Consequences,&#148; of the Offer to Repurchase and
    Instruction&#160;11, &#147;Backup Withholding,&#148; of the
    Letter of Transmittal.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The Fund&#146;s Shares have recently been trading at a
    premium to the Fund&#146;s NAV per Share. It may not be in a
    Stockholder&#146;s interest to tender Shares in connection with
    the Repurchase Offer if the Shares continue to trade at a
    premium. The market price of the Shares can and does fluctuate.
    Accordingly, on the Repurchase Pricing Date, the market price of
    the Shares may be above or below the Fund&#146;s NAV per
    Share.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For your information and for forwarding to your clients, we are
    enclosing the following documents:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;A letter to Stockholders of the Fund from Prakash
    Melwani, Director and President of the Fund;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;The Offer to Repurchase, dated February&#160;23, 2007;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;The Letter of Transmittal for your use and to be
    provided to your clients;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;Notice of Guaranteed Delivery;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;Form of letter to clients that may be sent to your
    clients for whose accounts you hold Shares registered in your
    name (or in the name of your nominee);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;Return envelope addressed to PFPC Inc. (the
    &#147;Depositary&#148;).
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Repurchase Offer is not being made to, nor will the Fund
    accept tenders from, holders of Shares in any state or other
    jurisdiction in which the Repurchase Offer would not be in
    compliance with the securities or Blue Sky laws of such
    jurisdiction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described in the Fund&#146;s Offer to Repurchase under
    Section&#160;5, &#147;Procedure for Tendering Shares,&#148;
    tenders may be made without the concurrent deposit of stock
    certificates if (1)&#160;such tenders are made by or through a
    broker or dealer that is a member firm of a registered national
    securities exchange or a member of the National Association of
    Securities Dealers, Inc. or a commercial bank or trust company
    having an office, branch, or agency in the United States; and
    (2)&#160;certificates for Shares (or a confirmation of a
    book-entry transfer of such Shares into the Depositary&#146;s
    account at a Book-Entry Transfer Facility (as defined in the
    Letter of Transmittal)), together with a properly completed and
    duly executed Letter of Transmittal, and any other documents
    required by the Letter of Transmittal, are received by the
    Depositary within three business days after receipt by the
    Depositary of a properly completed and duly executed Notice of
    Guaranteed Delivery.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>As described in the Offer to Repurchase, if more than 5% of
    the Fund&#146;s outstanding Shares are duly tendered prior to
    the Repurchase Request Deadline, the Fund will either
    (1)&#160;repurchase all of the additional Shares tendered, if
    the amount of such additional Shares does not exceed 2% of the
    Fund&#146;s outstanding Shares, or (2)&#160;repurchase Shares
    tendered on a pro rata basis, provided that the Fund will
    purchase all Shares from Stockholders who own 99&#160;Shares or
    fewer and tender all of their Shares. If such a tender is made
    by a broker, commercial bank, trust company or other nominee for
    beneficial owner(s) of Shares with respect to which it is the
    record holder, such broker, commercial bank, trust company or
    other nominee must represent and warrant in the Letter of
    Transmittal that it believes, based upon representations made to
    it by such beneficial owner(s), that each such person owns
    99&#160;shares or fewer.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Fund, its Board of Directors nor the Investment
    Manager to the Fund makes any recommendation to any Stockholder
    whether to tender any Shares.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For additional information or copies of the enclosed material,
    please contact Georgeson Inc. (the &#147;Information
    Agent&#148;) toll free at 1-866-297-1264 or, for banks and
    brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THE INDIA FUND, INC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Prakash A. Melwani
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Director and President</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL
    CONSTITUTE YOU OR ANY OTHER PERSON THE AGENT OF THE INDIA FUND,
    INC., THE INFORMATION AGENT, OR THE DEPOSITARY OR AUTHORIZE YOU
    OR ANY OTHER PERSON TO MAKE ANY STATEMENTS OR USE ANY MATERIAL
    ON THEIR BEHALF WITH RESPECT TO THE OFFER, OTHER THAN THE
    MATERIAL ENCLOSED HEREWITH AND THE STATEMENTS SPECIFICALLY SET
    FORTH IN SUCH MATERIAL.</B>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.V
<SEQUENCE>6
<FILENAME>y30169exv99wawv.htm
<DESCRIPTION>EX-99.A.V: CLIENT LETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.V</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Offer
    by<BR>
    THE INDIA FUND, INC.<BR>
    To Repurchase for Cash<BR>
    up to 5% of the Fund&#146;s Outstanding Shares of<BR>
    Common Stock</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE OFFER
    AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00&#160;P.M.,<BR>
    NEW YORK CITY TIME, ON MARCH&#160;16, 2007 (&#147;REPURCHASE
    REQUEST DEADLINE&#148;)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIS REPURCHASE OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER
    OF SHARES&#160;BEING TENDERED, BUT IS SUBJECT TO OTHER
    CONDITIONS AS OUTLINED IN THE OFFER TO REPURCHASE AND IN THE
    LETTER OF TRANSMITTAL.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">February&#160;23,
    2007
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To Our Clients:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Enclosed for your consideration is the Offer to Repurchase,
    dated February&#160;23, 2007, of The India Fund, Inc., a
    Maryland corporation registered under the Investment Company Act
    of 1940, as amended, as a closed-end, diversified management
    investment company (the &#147;Fund&#148;), and a related Letter
    of Transmittal (which together constitute the &#147;Offer to
    Repurchase&#148;), pursuant to which the Fund is offering to
    repurchase up to 5% of the Fund&#146;s outstanding shares of
    Common Stock, par value $0.001&#160;per share (the
    &#147;Shares&#148;), upon the terms and conditions set forth in
    the Repurchase Offer. The Fund has established a record date of
    February&#160;16, 2007, for identifying stockholders eligible to
    receive Repurchase Offer materials.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Blackstone Asia Advisors L.L.C. (&#147;Blackstone
    Advisors&#148;) serves as the Fund&#146;s Investment Manager.
    Blackstone Advisors is an affiliate of The Blackstone Group.
    Blackstone Advisors is a limited liability company organized
    under the laws of Delaware on August&#160;26, 2005 and a
    registered investment adviser under the Investment Advisers Act
    of 1940. The principal business address of Blackstone Advisors
    is 345 Park Avenue, New York, NY 10154.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Offer to Repurchase and the Letter of Transmittal are being
    forwarded to you for your information only and cannot be used by
    you to tender Shares held by us for your account. We are the
    holder of record of Shares held for your account. <B>A tender of
    such Shares can be made only by us as the holder of record and
    only pursuant to your instructions.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your attention is called to the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;The purchase price to be paid for the Shares is an
    amount per Share, net to the seller in cash, equal to 100% of
    the net asset value per Share as determined by the Fund at the
    close of regular trading on the New York Stock Exchange on
    March&#160;23, 2007 (the &#147;Repurchase Pricing Date&#148;),
    minus a repurchase fee (the &#147;Repurchase Fee&#148;) equal to
    2% of net asset value per Share. <B>The Fund&#146;s Shares have
    recently been trading at a premium to the Fund&#146;s NAV per
    Share. It may not be in a Stockholder&#146;s interest to tender
    Shares in connection with the Repurchase Offer if the Shares
    continue to trade at a premium. The market price of the Shares
    can and does fluctuate. Accordingly, on the Repurchase Pricing
    Date, the market price of the Shares may be above or below the
    Fund&#146;s NAV per Share.</B>&#160;&#160;The net asset value of
    the Fund is calculated weekly; however, the net asset value will
    be available daily from March&#160;12, 2007 to March&#160;16,
    2007 and can be obtained from Georgeson Inc., the Fund&#146;s
    Information Agent, by calling toll free at 1-866-297-1264 or,
    for banks and brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;The Repurchase Offer is not conditioned upon any
    minimum number of Shares being tendered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;If the Repurchase Offer is not suspended or postponed,
    the Fund will purchase all Shares validly tendered prior to
    5:00&#160;p.m., New York City time, on March&#160;16, 2007, the
    Repurchase Request Deadline, provided that the number of Shares
    tendered by all stockholders does not exceed 5% of the
    Fund&#146;s outstanding Shares. In the event that more than 5%
    of the Fund&#146;s outstanding Shares are tendered, the Fund
    will either (1)&#160;increase the number of Shares that the Fund
    is offering to repurchase by an amount not to exceed 2% of the
    Shares outstanding on the Repurchase Request Deadline, or
    (2)&#160;purchase 5% of the Fund&#146;s outstanding Shares on a
    pro rata basis, provided, however, that the Fund may accept all
    Shares tendered by Stockholders who own, beneficially or of
    record, not more than 99&#160;Shares and who tender all of their
    Shares, before prorating Shares tendered by others.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;Tendering Stockholders will not be obligated to pay
    brokerage commissions or, subject to Instruction&#160;7,
    &#147;Stock Transfer Taxes,&#148; of the Letter of Transmittal,
    stock transfer taxes on the purchase of Shares by the Fund
    pursuant to the Repurchase Offer.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
<!-- PAGEBREAK -->
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 3%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;Your instructions to us should be forwarded in ample
    time before the Repurchase Request Deadline, March&#160;16,
    2007, to permit us to submit a tender on your behalf.
    Instructions received after this date will not be honored.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you wish to have us tender any or all of your Shares, please
    so instruct us by completing, executing and returning to us the
    instruction form set forth below. An envelope to return your
    instructions to us is enclosed. If you authorize tender of your
    Shares, all such Shares will be tendered unless otherwise
    specified below. YOUR INSTRUCTIONS&#160;TO US SHOULD BE
    FORWARDED AS PROMPTLY AS POSSIBLE IN ORDER TO PERMIT US TO
    SUBMIT A TENDER ON YOUR BEHALF IN ACCORDANCE WITH THE TERMS AND
    CONDITIONS OF THE REPURCHASE OFFER.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Repurchase Offer is not being made to, nor will tenders be
    accepted from or on behalf of, holders of Shares in any
    jurisdiction in which the making or acceptance of the Repurchase
    Offer would not be in compliance with the applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Fund, its Board of Directors nor the Investment
    Manager to the Fund is making any recommendation to any
    Stockholder whether to tender or refrain from tendering Shares
    in the Repurchase Offer. Each Stockholder is urged to read and
    evaluate the Repurchase Offer and accompanying materials
    carefully.</B>
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 91%; margin-left: 4%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INSTRUCTIONS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned acknowledge(s) receipt of your letter, and the
    enclosed Offer to Repurchase, dated February&#160;23, 2007
    relating to The India Fund, Inc. (the &#147;Fund&#148;) to
    purchase up to 5% of the Fund&#146;s outstanding shares of
    Common Stock, par value $0.001&#160;per share (the
    &#147;Shares&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This will instruct you to tender to the Fund the number of
    Shares indicated below (which are held by you for the account of
    the undersigned), upon the terms and subject to the conditions
    set forth in the Offer to Repurchase that you have furnished to
    the undersigned.
</DIV>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 0pt; border-right: 1px solid #000000; padding-right: 0pt; border-bottom: 1px solid #000000; padding-bottom: 0pt; border-left: 1px solid #000000; padding-left: 0pt"><!-- Begin box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AGGREGATE
    NUMBER OF SHARES&#160;TO BE TENDERED:</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <U><FONT style="font-family: 'Times New Roman', Times">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</FONT></U><FONT style="font-family: 'Times New Roman', Times">
    Shares
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Enter
    number of Shares to be tendered.</FONT></I>
</DIV>
</DIV><!-- End box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ODD
    LOTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 3%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This section is to be completed ONLY if Shares are being
    tendered by or on behalf of a person owning beneficially or of
    record an aggregate of not more than 99&#160;shares. The
    undersigned:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    <FONT face="wingdings">o</FONT>&#160;&#160;&#160;&#160;&#160;</TD>
    <TD align="left">
    Is the beneficial or record owner of an aggregate of not more
    than 99&#160;Shares, all of which are being tendered, and hereby
    represents that the above indicated information is true and
    correct as to the undersigned.
</TD>
</TR>

</TABLE>
<DIV style="width: 100%; border-top: 1px solid #000000; padding-top: 0pt; border-right: 1px solid #000000; padding-right: 0pt; border-bottom: 1px solid #000000; padding-bottom: 0pt; border-left: 1px solid #000000; padding-left: 0pt"><!-- Begin box 1 -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURE
    BOX</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 47%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=240 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>(Signature(s))</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 47%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=240 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>(Please print Name(s) and Address here)</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 47%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=240 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>(Area Code and Telephone No.)</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 47%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=504 length=240 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>(Taxpayer Identification (Social Security) Number)</B>
</DIV>
</DIV><!-- End box 1 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Date:
    <U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>,
    2007
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A.VI
<SEQUENCE>7
<FILENAME>y30169exv99wawvi.htm
<DESCRIPTION>EX-99.A.VI: STOCKHOLDER LETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.A.VI</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN LOGICAL PAGE -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE INDIA
    FUND, INC.<BR>
    345 PARK AVENUE<BR>
    NEW YORK, NEW YORK 10154</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">February&#160;23,
    2007
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dear Stockholder:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As you may know, in an effort to enhance stockholder value and
    increase liquidity, The India Fund, Inc. (the &#147;Fund&#148;)
    obtained stockholder approval to adopt an &#147;interval&#148;
    fund structure which requires semi-annual repurchase offers of a
    percentage of the Fund&#146;s outstanding shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accordance with its &#147;interval&#148; status, the Fund is
    hereby commencing its repurchase offer for this semi-annual
    period under which the Fund is offering to repurchase up to 5%
    of the Fund&#146;s outstanding shares. The offer to repurchase
    is for cash at a price equal to the Fund&#146;s net asset value
    as of the close of regular trading on the New York Stock
    Exchange on March&#160;23, 2007, the Repurchase Pricing Date,
    upon the terms and conditions set forth in the Offer to
    Repurchase and the related Letter of Transmittal (which together
    constitute the &#147;Repurchase Offer&#148;). If you are not
    interested in selling any of your shares at this time, you do
    not need to do anything. The Fund will contact you again in
    approximately six months to notify you of the next repurchase
    offer period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The deadline for participating in the Repurchase offer is
    March&#160;16, 2007, the Repurchase Request Deadline. The net
    asset value of the shares may fluctuate between the
    March&#160;16, 2007 deadline and March&#160;23, 2007, the
    pricing date for the Repurchase Offer. The Fund has established
    a record date of February&#160;16, 2007 for identifying
    stockholders eligible to receive Repurchase Offer materials.
    Stockholders who choose to participate in the Repurchase Offer
    can expect to receive payment for the shares repurchased on or
    before March&#160;30, 2007. The Fund will charge a repurchase
    fee on shares that are repurchased for expenses directly related
    to the Repurchase Offer. The repurchase fee will equal 2% of the
    value of the shares that are repurchased.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The Fund&#146;s common stock has recently been trading at a
    premium to the Fund&#146;s net asset value per share. It may not
    be in a stockholder&#146;s interest to tender shares in
    connection with the Repurchase Offer if the Fund&#146;s common
    stock continues to trade at a premium. The market price of the
    Fund&#146;s common stock can and does fluctuate. Accordingly, on
    the Repurchase Pricing Date, the market price of the Fund&#146;s
    common stock may be above or below the Fund&#146;s net asset
    value per share.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of February&#160;16, 2007, the Fund&#146;s net asset value
    was $44.07 per share and 44,964,154.2955&#160;shares were issued
    and outstanding. The Fund computes its net asset value on a
    weekly basis; however, the net asset value will be available
    daily from March&#160;12, 2007 to March&#160;16, 2007. The
    Fund&#146;s net asset value may be obtained by contacting
    Georgeson Inc., the Fund&#146;s Information Agent, toll free at
    1-866-297-1264 or, for banks and brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Neither the Fund, the Investment Manager nor the Fund&#146;s
    Board of Directors is making any recommendation to any
    stockholder whether to tender or refrain from tendering shares
    in the Repurchase Offer. The Fund and the Board of Directors
    urge each stockholder to read and evaluate the Repurchase Offer
    and related materials carefully and make his or her own
    decision. Questions, requests for assistance and requests for
    additional copies of this Offer to Repurchase and related
    materials should be directed to Georgeson Inc. toll free at
    1-866-297-1264 or, for banks and brokers, at
    <FONT style="white-space: nowrap">212-440-9800.</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Sincerely,
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRAKASH MELWANI
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Director and President</I>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THE INDIA FUND, INC.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END LOGICAL PAGE -->
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</DOCUMENT>
</SEC-DOCUMENT>
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