-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000950135-05-004287.txt : 20050729
<SEC-HEADER>0000950135-05-004287.hdr.sgml : 20050729
<ACCEPTANCE-DATETIME>20050729155829
ACCESSION NUMBER:		0000950135-05-004287
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050531
FILED AS OF DATE:		20050729
DATE AS OF CHANGE:		20050729
EFFECTIVENESS DATE:		20050729

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:		05984885

	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>b55835ssnvq.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                   Copy to:
                 Service)

           The Taiwan Fund, Inc.              Leonard B. Mackey, Jr., Esq.
     c/o State Street Bank and Trust            Clifford Chance U.S. LLP
                 Company                          31 West 52nd Street
        Attention: Mary Moran Zeven,            New York, New York 10019
           Assistant Secretary
           225 Franklin Street
            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:  May 31, 2005



<PAGE>


ITEM 1:  SCHEDULE OF INVESTMENTS






<PAGE>
THE TAIWAN FUND, INC.
INVESTMENTS/MAY 31, 2005 (SHOWING PERCENTAGE OF TOTAL VALUE OF INVESTMENT IN
SECURITIES) (UNAUDITED)
- --------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                         US$
                                                                        VALUE
                                                     SHARES            (NOTE C)
                                                  ------------      ------------

<S>                                               <C>               <C>
COMMON STOCKS - 95.7%
BASIC INDUSTRIES - 11.1%
IRON & STEEL - 3.7%
China Steel Corp. ..........................         9,200,000      $  9,028,864
                                                                    ------------

PLASTICS - 7.4%
Formosa Chemicals & Fibre Corp. ............         3,000,000         5,474,663
Formosa Plastic Corp. ......................         4,218,000         7,223,900
Nan Ya Plastics Corp. ......................         3,776,000         5,201,386
                                                                    ------------
                                                                      17,899,949
                                                                    ------------

TOTAL BASIC INDUSTRIES .....................                          26,928,813
                                                                    ------------


FINANCE - 12.2%
FINANCIAL SERVICES - 12.2%
Cathay Financial Holding Co.
  Ltd. .....................................         5,000,000         9,621,552
Chinatrust Financial Holding Co.
  Ltd. .....................................         8,476,000         9,609,577
E. Sun Financial Holding Co.
  Ltd. .....................................        10,000,000         8,178,320
Polaris Securities Co. Ltd. ................         5,000,000         2,341,244
                                                                    ------------
                                                                      29,750,693
                                                                    ------------

TOTAL FINANCE ..............................                          29,750,693
                                                                    ------------

TECHNOLOGY - 70.2%
ELECTRONICS - 8.4%
Career Technology (MFG.) Co.
  Ltd. .....................................         3,500,000         4,860,487
Compal Communications Inc. .................         1,800,000         4,947,402
Kinsus Interconnect Technology
  Corp. ....................................         3,000,000         6,494,548
Powertech Technology Inc. ..................         1,300,000         4,161,001
                                                                     -----------
                                                                      20,463,438
                                                                     -----------

PC & PERIPHERALS - 13.5%
Asustek Computer, Inc. .....................         5,000,000        13,887,107
Foxconn Technology Co. Ltd. ................         1,400,000         5,320,719
Hon Hai Precision Industry Co.
  Ltd. .....................................         2,596,000        13,696,023
                                                                    ------------
                                                                      32,903,849
                                                                    ------------
TELECOMMUNICATIONS - 10.2%
Chunghwa Telecom Co. Ltd. ..................         3,100,000         6,144,323
Gemtek Technology Corp. ....................         2,000,000         3,938,422
Taiwan Mobile Co. Ltd. .....................         5,600,000         5,639,513
Zyxel Communications Corp. .................         3,600,000         9,155,869
                                                                    ------------
                                                                      24,878,127
                                                                    ------------
IC DESIGN - 10.9%
Greatek Electronics Inc. ...................         2,600,000         2,576,652
Media Tek, Inc. ............................         1,800,000        15,644,644
RichTek Technology Corp. ...................         1,800,000         6,061,578
Sunplus Technology Co. Ltd. ................         1,500,000         2,097,498
                                                                    ------------
                                                                      26,380,372
                                                                    ------------
SEMICONDUCTOR MANUFACTURING - 13.3%
Powerchip Semiconductor Corp. ..............        14,368,341         9,815,448
Taiwan Semiconductor
  Manufacturing Co. ........................         8,200,000        14,964,080
United Microelectronics Corp.
  Ltd. .....................................        11,238,000         7,640,975
                                                                    ------------
                                                                      32,420,503
                                                                    ------------
ELECTRONIC COMPONENTS - 13.9%
Asia Optical Co., Inc. .....................           300,000         2,049,390
Au Optronics Corp. .........................         5,700,000         9,506,094
Cheng Uei Precision Industry Co.
  Ltd. .....................................         3,000,000         8,380,372
Merry Electronics Co. Ltd. .................         3,000,000         7,148,813
Tripod Technology Corp. ....................         3,800,000         6,739,577
                                                                    ------------
                                                                      33,824,246
                                                                    ------------
TOTAL TECHNOLOGY ...........................                         170,870,535
                                                                    ------------


TRANSPORTATION - 2.2%
TRANSPORTATION - 2.2%
Yang Ming Marine Transport .................         6,000,000         5,320,718
                                                                    ------------


TOTAL COMMON STOCKS
  (Identified Cost -- $167,758,814) ........                         232,870,759
                                                                    ------------
</TABLE>


<TABLE>
<CAPTION>
                                                   PRINCIPAL
                                                     AMOUNT
                                                       NT$
                                                  ------------
<S>                                               <C>               <C>
CERTIFICATE OF DEPOSIT - 0.3%
Taishin International Bank
  1.10%, 6/30/05 (b) .......................        20,129,576           645,593
                                                                    ------------

COMMERCIAL PAPER - 4.0%
Allied Material Technology Corp.
  1.20%, 7/27/05 (b) .......................        34,906,865         1,119,527
Bank Sinopac:
  1.20%, 8/12/05 (b) .......................       100,021,498         3,207,873
  1.20%, 11/11/05 (b) ......................        40,039,294         1,284,134
  1.20%, 11/17/05 (b) ......................        10,008,251           320,983
Chang Chun Petro Chemical Co.:
  1.20%, 6/06/05 (b) .......................        10,989,587           352,456
  1.20%, 7/04/05 (b) .......................         8,984,628           288,154
  1.20%, 7/05/05 (b) .......................         6,991,424           224,228
  1.20%, 9/05/05 (b) .......................         6,976,376           223,745
Grand Bills Finance Corp:
  1.20%, 6/06/05 (b) .......................        10,989,587           352,456
  1.20%, 7/04/05 (b) .......................         8,984,628           288,154
  1.20%, 7/05/05 (b) .......................         6,991,424           224,228
  1.20%, 9/05/05 (b) .......................         6,976,376           223,745
Les Enphants Co Ltd 1.20%,
  7/11/05 (b) ..............................        49,848,794         1,598,743
                                                                    ------------

TOTAL COMMERCIAL PAPER
  (Identified Cost -- $9,658,272)...........                           9,708,426
                                                                    ------------
</TABLE>

<TABLE>
<CAPTION>
                                                    MATURITY
                                                     AMOUNT
                                                      US$
                                                  ------------

<S>                                               <C>               <C>
REPURCHASE AGREEMENT - 0.0%**
State Street Bank & Trust Co. at
  0.90% dated 5/31/05, due 6/6/05
  (collateralized by U.S. Treasury
  Note 2.625%, 5/15/08, market
  value $116,649) ..........................      $    113,017      $    113,000
                                                                    ------------


TOTAL INVESTMENTS -- 100%
  (COST -- $178,164,088*)...................                        $243,337,778
                                                                    ============
</TABLE>




                      See Notes to Schedule of Investments

                                     Page 1
<PAGE>


NOTES TO SCHEDULE OF INVESTMENTS

(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.

(c)      All securities, including those traded over-the-counter for which
         market quotations are readily available, are valued at the last sales
         price prior to the time of determination of the Fund's net asset value
         per share or, if there were no sales on such date, at the closing price
         quoted for such securities (but if bid and asked quotations are
         available, at the mean between the last current bid and asked prices,
         rather than such quoted closing price). In certain instances where the
         price determined above may not represent fair market value, the value
         is determined in such manner as the Board of Directors may prescribe.
         Short-term investments, having a maturity of 60 days or less, are
         valued at amortized cost, which approximates market value, with accrued
         interest or discount earned included in interest receivable.

(d)      In connection with transactions in repurchase agreements, it is the
         Fund's policy that its custodian take possession of the underlying
         collateral securities, the fair value of which exceeds the principal
         amount of the repurchase transaction, including accrued interest, at
         all times. If the seller defaults, and the fair value of the collateral
         declines, realization of the collateral by the Fund may be delayed or
         limited by legal proceedings.


*        At May 31, 2005, aggregate gross unrealized appreciation for all
         securities for which there was an excess of value over financial
         reporting cost was $66,617,861 and aggregate gross unrealized
         depreciation for all securities for which there was an excess of
         financial reporting cost over value was $1,444,171 and net appreciation
         for financial reporting purposes was $65,173,690. At May 31, 2005,
         aggregate cost for financial reporting purposes was $178,164,088.

**       Amount represents less than 0.1% of Total Investments.















<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:    July 14, 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:    July 14, 2005


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

Date:    July 14, 2005


<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.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>b55835ssexv99wcert.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:    July 14, 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:    July 14, 2005

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







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