-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950135-98-002537.txt : 19980422
<SEC-HEADER>0000950135-98-002537.hdr.sgml : 19980422
ACCESSION NUMBER:		0000950135-98-002537
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980421
SROS:			NONE

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:		SC 13G
		SEC ACT:		
		SEC FILE NUMBER:	005-38391
		FILM NUMBER:		98597855

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CITY OF LONDON INVESTMENT GROUP PLC
		CENTRAL INDEX KEY:			0001018138
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		10 EASTCHEAP
		STREET 2:		LONDON ENGLAND EC3MLAJ
		CITY:			LONDON
		BUSINESS PHONE:		011441717110771

	MAIL ADDRESS:	
		STREET 1:		10 EASTCHEAP
		STREET 2:		LONDON ENLAND EC3MLAJ
		CITY:			LONDON

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OLLIFF & PARTNERS PLC
		DATE OF NAME CHANGE:	19960705
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<DESCRIPTION>SCHEDULE 13G - TAIWAN FUND, INC.
<TEXT>

<PAGE>   1



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G



                    Under the Securities Exchange Act of 1934



                                TAIWAN FUND, INC.
                                -----------------
                                (Name of Issuer)

                                  COMMON STOCK
                                  ------------
                         (Title of Class of Securities)

                                    874036106
                                    ---------
                                 (CUSIP Number)



Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).







SEC 1745 (10-88)

                                                                     Page 1 of 5


<PAGE>   2



                                  SCHEDULE 13G

CUSIP NO.         874036106

- --------------------------------------------------------------------------------
1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         CITY OF LONDON INVESTMENT GROUP PLC, a company incorporated under the
         laws of England & Wales

- --------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /.
                                                           (b) / /.
- --------------------------------------------------------------------------------

3.       SEC USE ONLY


- --------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION

         GREAT BRITAIN

- --------------------------------------------------------------------------------
                                5.       SOLE VOTING POWER
                                         283,899
          NUMBER OF
                                -------- ---------------------------------------
            SHARES              6.       SHARED VOTING POWER
         BENEFICIALLY                    0
           OWNED BY
                                -------- ---------------------------------------
             EACH               7.       SOLE DISPOSITIVE POWER
          REPORTING                      283,899
            PERSON
                                -------- ---------------------------------------
             WITH               8.       SHARED DISPOSITIVE POWER
                                         0

- ------------------------------- -------- ---------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         283,899

- --------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
         SHARES* / /.

- --------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         1.73%

- --------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON*
         HC

- --------------------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT!


                                                                     Page 2 of 5

<PAGE>   3


                            STATEMENT ON SCHEDULE 13G


Item 1(a).                 NAME OF ISSUER:

                           Taiwan Fund, Inc.

Item 1(b).                 ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                           225 Franklin Street
                           Boston
                           MA

Item 2(a).                 NAMES OF PERSON FILING:

                           City of London Investment Group PLC

Item 2(b).                 ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, 
                           RESIDENCE:

                           10 Eastcheap
                           London EC3M IAJ
                           England

Item 2(c).                 CITIZENSHIP:

                           Great Britain

Item 2(d).                 TITLE OF CLASS OF SECURITIES:

                           Common Stock

Item 2(e).                 CUSIP NUMBER:

                           874036106



Item 3.                    IF  THIS   STATEMENT  IS  FILED   PURSUANT  TO  RULES
                           13D-1(B),  OR  13D-2(B),  CHECK  WHETHER  THE  PERSON
                           FILING IS A:
 
                           (a) / / Broker or Dealer registered under Section 15
                               of the Act

                           (b) / / Bank as defined in section 3(a)(6) of the Act

                           (c) / / Insurance Company as defined in section
                               3(a)(19) of the Act

                           (d) / / Investment Company registered under section 8
                               of the Investment Company Act

                           (e) / / Investment Advisor registered under section
                               203 of the Investment Advisers Act

                           (f) / / Employee Benefit Plan, Pension Fund which is
                               subject to the provisions of the Employee
                               Retirement Income Security Act of 1974 or
                               Endowment Fund; see Section 240.13d-1(b)(ii)(F)
                               (Note: See Item 7)
                        
                           (g) /X/ Parent Holding Company, in accordance with
                               Section 240.13d-1(b)(ii)(G). (Note: See Item 7)

                                                                     Page 3 of 5


<PAGE>   4

                           (h) / / Group, in accordance with Sec.
                               240.13d-1(b)(ii)(H).

Item 4.  OWNERSHIP:

         (a) Amount Beneficially Owned: 283,899 as of 31st March, 1998

         (b) Percent of Class: 1.73%

         (c) Number of shares as to which such person has:

                  (i) sole power to vote or to direct the vote: 283,899

                  (ii) shared power to vote or to direct the vote:     0

                  (iii) sole power to dispose or to direct the disposition of: 
                        283,899

                  (iv) shared power to dispose or to direct the disposition of: 
                       0

Item 5.           OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

                  Yes

Item 6.           OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER 
                  PERSON:

                  Not Applicable

Item 7.           IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH 
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING 
                  COMPANY:

                  City of London  Investment Management Company Limited (IA)
                  City of London Unit Trust Managers Limited (IA)

Item 8.           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

                  Not Applicable

Item 9.           NOTICE OF DISSOLUTION OF GROUP:

                  Not Applicable

Item 10.          CERTIFICATION:

                  By signing below, I certify that, to the best of my knowledge
                  and belief, the securities referred to above were acquired in
                  the ordinary course of business and were not acquired for the
                  purpose of and do not have the effect of changing or
                  influencing the control of the issuer of such securities and
                  were not acquired in connection with or as a participant in
                  any transaction having such purposes or effect.


                                                                     Page 4 of 5

<PAGE>   5


Signature


After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.


Dated: 6TH APRIL, 1998

                                                              / S /  N. AUSTIC
                                                              ------------------
                                                              Name: N. Austic
                                                              Title: Director



                                                                     Page 5 of 5




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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