-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000950135-05-000368.txt : 20050131
<SEC-HEADER>0000950135-05-000368.hdr.sgml : 20050131
<ACCEPTANCE-DATETIME>20050131143850
ACCESSION NUMBER:		0000950135-05-000368
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041130
FILED AS OF DATE:		20050131
DATE AS OF CHANGE:		20050131
EFFECTIVENESS DATE:		20050131

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:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04893
		FILM NUMBER:		05561360

	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>N-Q
<SEQUENCE>1
<FILENAME>b52844nqnvq.txt
<DESCRIPTION>THE TAIWAN FUND, INC.
<TEXT>
<PAGE>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-Q

             QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
                         MANAGEMENT INVESTMENT COMPANY

                  Investment Company Act file number: 811-4893
                 ----------------------------------------------

                              THE TAIWAN FUND, INC.
 ------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

                               225 FRANKLIN STREET
                                BOSTON, MA 02110
 ------------------------------------------------------------------------------
               (Address of principal executive offices)(Zip code)

 (Name and Address of Agent for Service)                 Copy to:

          The Taiwan Fund, Inc.                 Leonard B. Mackey, Jr., Esq.
 c/o State Street Bank and Trust Company         Clifford Chance U.S. LLP
       Attention: Ann M. Carpenter                  31 West 52nd Street
           225 Franklin Street                   New York, New York 10019
            Boston, MA 02110


Registrant's telephone number, including area code:  (800) 636-9242

Date of fiscal year end:  August 31, 2004

Date of reporting period:  November 30, 2004

<PAGE>
ITEM 1:  SCHEDULE OF INVESTMENTS
<PAGE>
THE TAIWAN FUND, INC.
INVESTMENTS/NOVEMBER 30, 2004
(SHOWING PERCENTAGE OF TOTAL VALUE OF INVESTMENT IN SECURITIES) (UNAUDITED)
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                          US $
                                                SHARES                   VALUE
<S>                                            <C>                  <C>
COMMON STOCKS - 95.2%
BASIC INDUSTRIES - 17.6%
CHEMICALS - 0.8%
Oriental Union Chemical Corp. ............     1,600,000            $  1,683,165
                                                                    ------------
IRON & STEEL - 5.4%
China Steel Corp. ........................    10,862,000              11,965,896
                                                                    ------------
PETROLEUM SERVICES - 2.3%
Formosa Petrochemical Corp. ..............     2,774,000               4,949,729
                                                                    ------------
PLASTICS - 9.1%
Formosa Chemicals & Fibre Corp. .. .......     4,200,000               7,820,016
Formosa Plastic Corp. ....................     4,218,000               6,740,946
                                                                    ------------
Nan Ya Plastics Corp. ....................     3,776,000               5,425,254
                                                                      19,986,216
                                                                    ------------
TOTAL BASIC INDUSTRIES ...................                            38,585,006
                                                                    ------------
DURABLES - 2.0%
AUTOMOBILES, TIRES & ACCESSORIES - 2.0%
Cheng Shin Rubber Industry Co.
Ltd. .....................................     3,600,000               4,468,580
                                                                    ------------
FINANCE - 18.8%
BANKS - 2.0%
International Bank of Taipei .............     6,400,000               4,468,580
                                                                    ------------
FINANCIAL SERVICES - 16.8%
Cathay Financial Holding Co.
Ltd. .....................................     5,000,000               9,619,860
Chinatrust Financial Holding Co.
Ltd. .....................................     8,476,812               9,680,270
E. Sun Financial Holding Co.
Ltd. .....................................     8,000,000               5,908,456
Mega Financial Holding Co. ...............    15,000,000               9,775,019
Taishin Financial Holdings Co.
Ltd. .....................................     2,000,000               1,812,258
                                                                    ------------
                                                                      36,795,863
                                                                    ------------
TOTAL FINANCE ............................                            41,264,443
                                                                    ------------
RETAIL & WHOLESALE - 3.7%
GENERAL MERCHANDISE STORES - 3.7%
President Chain Store Corp. ..............     5,384,800               8,020,804
                                                                    ------------
TECHNOLOGY - 51.6%
ELECTRONICS - 10.5%
Asia Vital Components Co. Ltd. ...........     1,510,000               1,185,508
Au Optronics Corp. .......................     4,605,000               6,044,732
Career Technology (MFG.) Co.
Ltd. .....................................     3,000,000               3,900,698
Merry Electronics Co. Ltd. ...............     1,400,000               3,171,451
Tripod Technology Corp. ..................     2,800,000               3,788,363
Unimicron Technology Corp. ...............     3,604,000               2,259,140
Wus Printed Circuit Co. Ltd. .............     6,121,000               2,649,743
                                                                    ------------
                                                                      22,999,635
                                                                    ------------
PC & PERIPHERALS - 13.4%
Asustek Computer, Inc. ...................     5,780,000              13,362,607
Benq Corp. ...............................     2,000,000               2,079,131
Hon Hai Precision Industry Co.
Ltd. .....................................     2,596,247              10,473,611
Quanta Computer, Inc. ....................     2,200,000               3,584,174
                                                                    ------------
                                                                      29,499,523
                                                                    ------------
SEMI-CONDUCTOR - 14.0%
Advanced Semiconductor
Engineering, Inc. (a) ....................     3,316,907               2,460,018
Novatek Microelectronics Corp.
Ltd. .....................................     1,800,000               5,306,439
Sunplus Technology Co. Ltd. ..............     3,850,000               5,376,261
Taiwan Semiconductor
Manufacturing Co. ........................     7,200,000              10,568,192
United Microelectronics Corp.
Ltd. (a) .................................    11,238,000               7,044,456
                                                                    ------------
                                                                      30,755,366
                                                                    ------------
TELECOMMUNICATIONS - 13.7%
Chunghwa Telecom Co. Ltd. ................     9,500,000              18,867,339
Taiwan Cellular Corp. ....................     4,000,000               4,282,389
Zyxel Communications Corp. ...............     3,000,000               6,842,514
                                                                    ------------
                                                                      29,992,242
                                                                    ------------
TOTAL TECHNOLOGY .........................                           113,246,766
                                                                    ------------
TRANSPORTATION - 1.5%
TRANSPORTATION - 1.5%
Yang Ming Marine Transport ...............     3,720,000               3,347,711
                                                                    ------------
TOTAL COMMON STOCKS
(Identified Cost -- $161,965,584).........                           208,933,310
                                                                    ------------
                                               PRINCIPAL
                                                AMOUNT
                                                  NT$
                                               ---------
CERTIFICATES OF DEPOSIT - 2.1%
China Airlines 1.05%, 3/18/05
(b) ......................................     9,961,063                 309,110
Far Eastern International Bank
1.10%, 12/08/04 (b) ......................    30,033,175                 931,984
Siliconware Precision Industry
1.05%, 1/18/05 (b) .......................    49,894,190               1,548,307
Taishin International Bank
1.10%, 12/30/04 (b) ......................    50,173,294               1,556,968
Walton Advanced Engineering In
1.05%, 1/18/05 (b) .......................     7,983,691                 247,748
                                                                    ------------
TOTAL CERTIFICATES OF DEPOSIT
(Identified Cost -- $4,460,976) ..........                             4,594,117
                                                                    ------------
COMMERCIAL PAPER - 2.5%
Ial Ban Co. 1.00%, 4/04/05 (b) ...........    79,593,349               2,469,925
Shinkong Synthetic Fibers Corp.
1.00%, 12/31/04 (b) ......................    99,764,271               3,095,866
                                                                    ------------
TOTAL COMMERCIAL PAPER
(Identified Cost -- $5,302,017) ..........                             5,565,791
                                                                    ------------
</TABLE>


                      See Notes to Schedule of Investments

                                     Page 1

<PAGE>

INVESTMENTS/NOVEMBER 30, 2004   (CONTINUED)
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                MATURITY
                                                 AMOUNT                   US $
                                                  US$                    VALUE
<S>                                            <C>                  <C>
REPURCHASE AGREEMENT - 0.2%
State Street Bank & Trust Co. at
0.4% dated 11/29/04, due
12/06/04 (collateralized by U.S.
Treasury Note 0%, 5/12/05,
market value $376,200) ...................   $   367,029               $ 367,000
                                                                    ------------
TOTAL INVESTMENTS -- 100%
(COST -- $172,095,577) ...................                          $219,460,218
                                                                    ============
</TABLE>

LEGEND:
US$ - United States dollar
NT$ - New Taiwan Dollar
(a) Non-income producing
(b) Certificates of Deposit and Commercial Paper that are traded through Bills
    Finance Corporations must be guaranteed by either a bank, a trust company or
    a Bills Finance Corporation. Since there is no recognized credit rating
    system in the Republic of China, the guarantee may not be comparable to a
    guarantee issued by a U.S. institution.

INCOME TAX INFORMATION:

At November 30, 2004, the aggregate cost basis of the Fund's investment
securities for income tax purposes was $172,095,577.

Net unrealized appreciation of the Fund's investment securities was $47,364,641
of which $52,490,332 related to appreciated investment securities and $5,125,691
related to depreciated investment securities for the fiscal year ended November
30, 2004.


                      See Notes to Schedule of Investments

                                     Page 2
<PAGE>
ITEM 2. CONTROLS AND PROCEDURES

 (a)     The registrant's principal executive and principal financial officers
         have concluded that the registrant's disclosure controls and procedures
         (as defined in Rule 30a-3(c) under the Investment Company Act of 1940,
         as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of
         a date within 90 days of the filing date of this Form N-Q that includes
         the disclosure required by this paragraph based on their evaluation of
         the controls and procedures required by Rule 30a-3(b) under the 1940
         Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the
         Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or
         240.15d-15(b)).

(b)      There were no changes in the registrant's internal control over
         financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17
         CFR 270.30a-3(d)) that occurred during the registrant's last fiscal
         quarter that have materially affected, or are reasonably likely to
         materially affect, the registrant's internal control over financial
         reporting.


ITEM 3. EXHIBITS

The certification required by Rule 30a-2(a) of the Investment Company Act of
1940 (17 CFR 270.30a-2(a)), as amended, is attached as an exhibit to this
filing.
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the Registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

THE TAIWAN FUND, INC.

By:    /s/ Benny T. Hu
       ---------------
       Benny T. Hu
       President of The Taiwan Fund, Inc.

Date:  January 31, 2005



Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

By:    /s/ Adelina Louie
       -----------------
       Adelina Louie
       Treasurer of The Taiwan Fund, Inc.

Date:  January 31, 2005


By:    /s/ Benny T. Hu
       ---------------
       Benny T. Hu
       President of The Taiwan Fund, Inc.

Date:  January 31, 2005


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>b52844nqexv99wcert.txt
<DESCRIPTION>CERTIFICATIONS
<TEXT>
<PAGE>
                                 CERTIFICATIONS

I, Benny T. Hu, certify that:

1.       I have reviewed this report on Form N-Q of The Taiwan Fund, Inc.;

2.       Based on my knowledge, this report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this report;

3.       Based on my knowledge, the schedule of investments included in this
         report fairly presents in all material respects the investments of the
         registrant as of the end of the fiscal quarter for which the report is
         filed;

4.       The registrant's other certifying officer(s) and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Rule 30a-3(c) under the Investment Company Act of 1940) for
         the registrant and have:

         (a)      Designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information relating
                  to the registrant, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this report is being prepared;

         (b)      Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this report our
                  conclusions about the effectiveness of the disclosure controls
                  and procedures, as of a date within 90 days prior to the
                  filing date of this report based on such evaluation; and

         (c)      Disclosed in this report any change in the registrant's
                  internal control over financial reporting that occurred during
                  the registrant's most recent fiscal quarter that has
                  materially affected, or is reasonably likely to materially
                  affect, the registrant's internal control over financial
                  reporting; and

5.       The registrant's other certifying officer(s) and I have disclosed to
         the registrant's auditors and the audit committee of the registrant's
         board of directors (or persons performing the equivalent functions):

         (a)      All significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect the
                  registrant's ability to record, process, summarize, and report
                  financial information; and

         (b)      Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal control over financial reporting.

Date:    January 31, 2005

/s/ Benny T. Hu
- ---------------
Benny T. Hu
President of The Taiwan Fund, Inc.

<PAGE>
I, Adelina Louie, certify that:

1.       I have reviewed this report on Form N-Q of The Taiwan Fund, Inc.;

2.       Based on my knowledge, this report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this report;

3.       Based on my knowledge, the schedule of investments included in this
         report fairly presents in all material respects the investments of the
         registrant as of the end of the fiscal quarter for which the report is
         filed;

4.       The registrant's other certifying officer(s) and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Rule 30a-3(c) under the Investment Company Act of 1940) for
         the registrant and have:

         (a)      Designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information relating
                  to the registrant, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this report is being prepared;

         (b)      Evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this report our
                  conclusions about the effectiveness of the disclosure controls
                  and procedures, as of a date within 90 days prior to the
                  filing date of this report based on such evaluation; and

         (c)      Disclosed in this report any change in the registrant's
                  internal control over financial reporting that occurred during
                  the registrant's most recent fiscal quarter that has
                  materially affected, or is reasonably likely to materially
                  affect, the registrant's internal control over financial
                  reporting; and

5.       The registrant's other certifying officer(s) and I have disclosed to
         the registrant's auditors and the audit committee of the registrant's
         board of directors (or persons performing the equivalent functions):

         (a)      All significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect the
                  registrant's ability to record, process, summarize, and report
                  financial information; and

         (b)      Any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal control over financial reporting.



Date:    January 31, 2005

/s/ Adelina Louie
- -----------------
Adelina Louie
Treasurer of The Taiwan Fund, Inc.


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