-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Nd2zlXETgrL5DBNhFUv2XsJdtxX17QWHWgU0p/99+rW6GV0amD/OXGWSj8XC0b68
 1hHGZLQWM/cXg4x88WqE6g==

<SEC-DOCUMENT>0000897204-98-000098.txt : 19980424
<SEC-HEADER>0000897204-98-000098.hdr.sgml : 19980424
ACCESSION NUMBER:		0000897204-98-000098
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980414
FILED AS OF DATE:		19980423
SROS:			NYSE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIWAN FUND INC
		CENTRAL INDEX KEY:			0000804123
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042942862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		
		SEC FILE NUMBER:	811-04893
		FILM NUMBER:		98599604

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		STREET 2:		P O BOX 9110
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6179853760

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		STREET 2:		PO BOX 9110
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			CHEN MICHAEL
	CENTRAL INDEX KEY:			0001060357
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>DIRECTOR

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		CHINA SECURITIES INVESTMENT TRUST CORP
	STREET 2:		99TUNHWA SOUTH ROAD SECTION 2
	CITY:			TAIPEI TAIWAN ROC
	STATE:			F5
	ZIP:			00000
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<TEXT>

FORM 3                                                 OMB APPROVAL
                                                  OMB NUMBER  3235-0104
                                                  EXPIRES: September 30, 1998
                                                  Estimated Average burden
                                                  hours per response.....0.5


                    U.S. SECURITIES AND EXCHANGE COMMISSION
                           Washington, D. C.  20549

                        INITIAL STATEMENT OF BENEFICIAL
                            OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
                        Investment Company act of 1940

1.   Name and Address of Reporting Person
     Michael Chen
     China Securities Investment Trust Corporation
     99 Tunhwa South Road, Section 2
     Taipei, Taiwan
     R.O.C.

2.   Date of Event Requiring Statement (Month/Day/Year)
     April 14, 1998

3.   IRS or Social Security Number of Reporting Person (Voluntary)

4.   Issuer Name and Ticker or Trading Symbol
     The Taiwan Fund, Inc.  (NYSE: TWN)

5.   Relationship of Reporting Person to Issuer (Check all applicable)
      X    Director                             __ 10% Owner
     ___
     ___   Officer (give title below)           __ Other (specify below)

6.   If Amendment, Date of Original (Month/Day/Year)
     Not applicable
___________________________________________________________________________

TABLE I - NON DERIVATIVE SECURITIES BENEFICIALLY OWNED

1.   Title of Security (Instr. 4)
     Common Stock, par value $0.01 per share

2.   Amount of Securities Beneficially Owned (Instr. 4)
     None

3.   Ownership Form:  Direct (D) or Indirect (I) (Instr. 5)
     Not applicable

4.   Nature of Indirect Beneficial Ownership (Instr. 5)
     Not applicable
___________________________________________________________________________
                                 Page 1 of 2


<PAGE>
___________________________________________________________________________
TABLE II - DERIVATIVE SECURITIES BENEFICIALLY OWNED

1.   Title of Derivative Security (Instr. 4)
     Not applicable

2.   Date Exercisable and Expiration Date (Month/Day/Year)
     Not applicable

3.   Title and Amount of Securities Underlying Derivative Security (Instr.4)
     Not applicable

4.   Conversion or Exercise Price of Derivative Security
     Not applicable

5.   Ownership Form of Derivative Security:  Direct (D) or Indirect (I)
     (Instr. 5)
     Not applicable

6.   Nature of Indirect Beneficial Ownership (Instr. 5)
     Not applicable
___________________________________________________________________________

Explanation of Responses:
     Not applicable

***  Signature of Reporting Persons

Dated: April 22, 1998

                         MICHAEL CHEN


                         /S/ MICHAEL CHEN
                         _________________


***  Intentional misstatements or omission of facts constitute Federal Criminal
Violations.  See 18 U.S.C. 1001 and 15 U.S.C.78ff(a).

Note: File three copies of this Form, one of which must be manually signed.  If
space provided is insufficient, see Instruction 6 for procedure.

                                 Page 2 of 2


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