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<SEC-DOCUMENT>0000804123-04-000005.txt : 20041112
<SEC-HEADER>0000804123-04-000005.hdr.sgml : 20041111
<ACCEPTANCE-DATETIME>20041112124033
ACCESSION NUMBER:		0000804123-04-000005
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040831
FILED AS OF DATE:		20041112
DATE AS OF CHANGE:		20041112
EFFECTIVENESS DATE:		20041112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TAIWAN FUND INC
		CENTRAL INDEX KEY:			0000804123
		IRS NUMBER:				042942862
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04893
		FILM NUMBER:		041137411

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6176622789

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN STREET
		STREET 2:		PO BOX 9110
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>ANNUAL REPORT
<TEXT>
<PAGE>      PAGE  1
000 B000000 08/31/2004
000 C000000 0000804123
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000 I000000 6.1
000 J000000 A
001 A000000 THE TAIWAN FUND, INC.
001 B000000 811-4893
001 C000000 8006369242
002 A000000 225 FRANKLIN STREET
002 B000000 BOSTON
002 C000000 MA
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008 B000001 A
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013 A000001 KPMG LLP
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013 B020001 MA
013 B030001 02110
<PAGE>      PAGE  2
015 A000001 THE INTERNATIONAL COMMERCIAL BANK OF CHINA
015 B000001 C
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<PAGE>      PAGE  3
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SIGNATURE   BELINDA HERNANDEZ
TITLE       DIRECTOR & A.V.P.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>2
<FILENAME>mgmtresp.txt
<DESCRIPTION>MANAGEMENT RESPONSE TO AUDITOR'S OPINION
<TEXT>
Managements Response to the Report of Independent Registered Public
Accounting FirmRequired by Form N-SAR sub-item 77B

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

As stated in the Report of Independent Registered Public Accounting Firm,
during the audit of The Taiwan Fund, Inc. (the Fund), its auditors, and
administrator became aware of errors in the calculation of the Funds
management fee performance adjustments dating back to the period when the
Fund first began recording management fee performance adjustments.  The
incorrect performance adjustments were calculated based on average net assets
of the Fund over a period different from that stipulated in the management
contract and resulted in a net overpayment to the Funds investment adviser over
the period that the incorrect calculations occurred.  The system of internal
control did not function as designed due to the failure of the administrator,
investment advisor, and management, including their predecessors, to perform a
critical review of the methodology of the calculations and compare it to that
required in the management contract.  The errors resulted in a restatement of
the prior period financial statements and financial highlights presented in the
current year annual report, including the recording of a receivable from the
Funds investment advisor in the current year financial statements.

The Funds administrator, investment advisor, and management, will undertake the
following corrective actions:

1.)  Effective immediately, the administrator will calculate the monthly
performance fee adjustments based on the average net assets of the Fund over
the period stipulated in the management contract.  Should the calculation of
management or performance fees change, management will inform the administrator
of the changes and the new calculation will be reviewed by the administrator,
investment advisor, and management.

2.)  Effective immediately, the Funds investment advisor will independently
calculate the Funds management and performance fees for comparison with the
administrators records.  The investment advisor will work with the
administrator to resolve any discrepancies and will approve, in writing
on a monthly basis, the calculated investment management fee, including
performance adjustment, if any, for payment.

3.)  The Funds management will review the administrators monthly
calculation of  performance fees to ensure adherence to the management
contract.

Additionally, the Funds Audit Committee has requested that the Funds
independent auditors review the effectiveness of these corrective actions as
part of their annual and semi-annual procedures.

This report is intended solely for the information and use of the Board of
Directors of The Taiwan Fund, Inc. and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these
specified parties.




Adelina Louie
Treasurer




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>opinion.txt
<DESCRIPTION>AUDITOR'S OPINION
<TEXT>



Report of Independent Registered Public Accounting Firm

The Board of Directors
and Shareholders of
The Taiwan Fund, Inc.
In planning and performing our audit of the financial statements of
The Taiwan Fund, Inc., for the year ended August 31, 2004, we considered
its internal control, including control activities for safeguarding securities,
in order to determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on internal control.
The management of The Taiwan Fund Inc. is responsible for establishing
and maintaining internal control.In fulfilling this responsibility estimates
and judgments by management are required to assess the expected benefits and
related costs of controls.Generally controls that are relevant to an audit
pertain to the entitys objective of preparing financial statements for external
purposes that are fairly presented in conformity with accounting principles
generally accepted in the United States of America.Those controls include
the safeguarding of assets against unauthorized acquisition use or disposition.
Because of inherent limitations in internal control error or fraud may occur
and not be detected.Also projection of any evaluation of internal control
to future periods is subject to the risk that it may become inadequate because
of changes in conditions or that the effectiveness of the design and
operation may deteriorate.Our consideration of internal control would not
necessarily disclose all matters in internal control that might be material
weaknesses under the standards of the Public Company Accounting Oversight
Board (United States).A material weakness is a significant deficiency,
or combination of significant deficiencies, that results in more than a
remote likelihood that a material misstatement of the annual or interim
financial statements will not be prevented or detected.However we noted
the following matters involving control procedures and their operation that
we consider to be a material weaknesses as defined above.This condition,
which is discussed in the following paragraph, caused us to reevaluate the
nature, timing, and extent of procedures performed in our audit of the
financial statements of The Taiwan Fund, Inc. for the year ended
August 31, 2004, and this report does not affect our report thereon
dated October 27, 2004.
During the audit of The Taiwan Fund, Inc.,  its auditors and administrator
became aware of errors in the calculation of The Taiwan Fund, Inc.s
management fee performance adjustments dating back to the period when the
Fund first began recording management fee performance adjustments.
The incorrect performance adjustments were calculated based on average
net assets of The Taiwan Fund, Inc. over a period different than the
period over which average net assets of The Taiwan Fund, Inc. should have
been calculated as that stipulated in the management contract and resulted
in net overpayments to The Taiwan Fund, Inc.s investment adviser over
the periods involved.  The system of internal control did not function as
designed due to the failure of the administrator, investment
advisor and management, including their predecessors, to perform a critical
review of the methodology of the calculations and compare it to that
required in the management contract, rather than following the prior
years calculation.  The errors resulted in a restatement of the prior
periods financial statements and financial highlights presented in the
current years annual report as well as the recording of a receivable,
from the The Taiwan Fund Inc.s investment advisor in the current years
financial statements.  Management has represented that they believe the
system of internal control is appropriately designed and it is their
intention to institute additional procedures to ensure that the internal
control system operates as designed.  Managements  proposed corrective
actions are included in the attached Exhibit I - Response required
by Form N-SAR sub-item 77B.
This report is intended solely for the information and use of management
and the Board of Directors of The Taiwan Fund, Inc. and the Securities
and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
KPMG LLP
October 29, 2004




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