<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>opinion.txt
<DESCRIPTION>AUDITOR OPINION
<TEXT>
Independent Auditors Report



The Board of Directors and Shareholders
The Taiwan Fund, Inc.:

We have audited the accompanying statement of assets and liabilities of
The Taiwan Fund, Inc., including the Funds investments, as of August 31,
2003, and the related statement of operations for the year then ended, and
statements of changes in net assets for each of the years in the two-year
period then ended and financial highlights for each of the years in the
three-year period then ended. These financial statements and financial
highlights are the responsibility of the Funds management.  Our responsibility
is to express an opinion on these financial statements and financial highlights
based on our audits.  The financial highlights for each of the years in the
two-year period ended August 31, 2000 were audited by other auditors whose
report, dated October 12, 2000, expressed an unqualified opinion on those
financial highlights.

We conducted our audits in accordance with auditing standards generally
accepted in the United States of America. Those standards require that
we plan and perform the audit to obtain reasonable assurance about
whether the financial statements and financial highlights are free of
material misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the
financial statements. Our procedures included confirmation of securities
owned as of August 31, 2003 by correspondence with the custodian.
An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation.  We believe that our audits
provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects the financial position of
The Taiwan Fund, Inc. as of August 31, 2003, the results of its operations for
the year ended, and the changes in its net assets for each of the years
in the two-year period then ended and financial highlights for each of
the years in the three-year period then ended, in conformity with
accounting principles generally accepted in the United States of America.


Boston, Massachusetts
October 3, 2003

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