-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JcTqQNHHbG5qgjn39dkBQHrTcXWSYErSIuD9SKYnUPQJ7QmOMrcRhVx5851BWBH7
 4PCyKtn+9HnR9WCYrtS8Tw==

<SEC-DOCUMENT>0000950135-06-004525.txt : 20060728
<SEC-HEADER>0000950135-06-004525.hdr.sgml : 20060728
<ACCEPTANCE-DATETIME>20060728141334
ACCESSION NUMBER:		0000950135-06-004525
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060531
FILED AS OF DATE:		20060728
DATE AS OF CHANGE:		20060728
EFFECTIVENESS DATE:		20060728

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:		06987340

	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>b61437ghnvq.txt
<DESCRIPTION>THE TAIWAN FUND
<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)

<TABLE>
<S>                                                 <C>
(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: Mary Moran Zeven, Assistant                   31 West 52nd Street
               Secretary                              New York, New York 10019
             P.O. Box 5049
         Boston, MA 02206-5049
</TABLE>

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

Date of fiscal year end: August 31, 2006

Date of reporting period: May 31, 2006

<PAGE>

ITEM 1: SCHEDULE OF INVESTMENTS
<PAGE>

THE TAIWAN FUND, INC.
Investments/May 31, 2006 (Showing Percentage of Total Value of Investment
in Securities) (unaudited)

<TABLE>
<CAPTION>
                                                                       US$
                                                                      VALUE
                                                         SHARES       (NOTE C)
                                                       ----------  -------------
<S>                                                    <C>         <C>
COMMON STOCKS - 97.7%
BASIC INDUSTRIES -- 8.1%
CONSTRUCTION -- 3.3%
Cathay Real Estate Development Co. Ltd. (a)             8,000,000  $  5,693,772
Goldsun Development & Construction Co. Ltd. (a)        10,000,000     4,292,181
                                                                   -------------
                                                                      9,985,953
                                                                   -------------
ELECTRIC & MACHINERY -- 0.7%
Depo Auto Parts Industrial Co. Ltd.                       538,475     2,050,693
                                                                   -------------
IRON & STEEL -- 2.6%
China Steel Corp.                                       8,000,000     7,616,669
                                                                   -------------
PLASTICS -- 1.5%
Nan Ya Plastics Corp.                                   2,200,000     3,131,575
Taiwan Hon Chuan Enterprise Co. Ltd.                    1,606,000     1,458,860
                                                                   -------------
                                                                      4,590,435
                                                                   -------------
TOTAL BASIC INDUSTRIES                                               24,243,750
                                                                   -------------
FINANCE -- 9.4%
FINANCIAL SERVICES -- 9.4%
Cathay Financial Holding Co. Ltd.                       5,000,000    10,987,982
Chang Hwa Commercial Bank                              14,000,000     9,155,611
Chinatrust Financial Holding Co. Ltd.                  10,166,000     8,187,383
                                                                   -------------
TOTAL FINANCE                                                        28,330,976
                                                                   -------------
TECHNOLOGY -- 80.2%
ELECTRONIC COMPONENTS -- 13.7%
Cyntec Co. Ltd.                                         3,700,000     4,030,904
Kinsus Interconnect Technology Corp.                    3,414,078    13,588,105
Nan Ya Printed Circuit Board Corp                         600,000     6,049,633
Tripod Technology Corp.                                 2,100,000     7,735,290
Unimicron Technology Corp.                              6,000,000     9,832,995
                                                                  --------------
                                                                     41,236,927
                                                                  --------------
ELECTRONICS -- 2.1%
Delta Electronics Inc.                                  1,500,000     4,190,729
SPI Electronic Co. Ltd.                                 1,523,000     1,996,753
                                                                   -------------
                                                                      6,187,482
                                                                   -------------
IC DESIGN -- 7.0%
MediaTek, Inc.                                          1,200,000    13,503,980
Novatek Microelectronics Corp. Ltd.                     1,300,000     7,507,414
                                                                   -------------
                                                                     21,011,394
                                                                   -------------
MEMORY IC -- 3.6%
Inotera Memories Inc.                                   6,800,000     6,622,757
Powerchip Semiconductor Corp. (a)                       6,000,000     4,083,034
                                                                   -------------
                                                                     10,705,791
                                                                   -------------
PC & PERIPHERALS -- 12.8%
Catcher Technology Co. Ltd.                             1,000,000    12,049,321
Foxconn Technology Co. Ltd.                               800,000     6,368,035
Hon Hai Precision Industry Co. Ltd.                     3,104,000  $ 19,960,168
                                                                   -------------
                                                                     38,377,524
                                                                   -------------
SEMICONDUCTOR MANUFACTURING -- 13.4%
Advanced Semiconductor Engineering Inc.                 8,000,000     8,253,473
Ardentec Corp.                                          2,500,000     2,575,308
King Yuan Electronics Co. Ltd.                          5,000,000     5,259,872
Siliconware Precision Industries Co.                    9,000,000    11,518,652
Taiwan Semiconductor Manufacturing Co.                  6,800,000    12,799,750
                                                                   -------------
                                                                     40,407,055
                                                                   -------------
TELECOMMUNICATIONS -- 18.4%
Arima Communication Corp.                               1,000,000     1,470,267
Cheng Uei Precision Industry Co. Ltd.                   1,800,000     8,484,470
D-Link Corp.                                            6,000,000     7,267,052
Epistar Corp.                                           3,800,000    14,530,982
High Tech Computer Corp.                                  600,000    17,830,498
Merry Electronics Co. Ltd.                                800,000     2,921,804
Wistron NeWeb Corp.                                       800,000     2,796,941
                                                                   -------------
                                                                     55,302,014
                                                                   -------------
TFT-LCD -- 9.2%
Au Optronics Corp.                                      6,213,000     9,154,163
Chi Mei Optoelectronics Corp.                           6,500,000     7,690,026
Largan Precision Co. Ltd.                                 500,000    10,675,823
                                                                   -------------
                                                                     27,520,012
                                                                   -------------
TOTAL TECHNOLOGY                                                    240,748,199
                                                                   -------------
TOTAL COMMON STOCKS
   (Identified Cost -- $205,856,284)                                293,322,925
                                                                   -------------
</TABLE>

<TABLE>
<CAPTION>
                                                          PRINCIPAL
                                                            AMOUNT
                                                             NT$
                                                         -----------
<S>                                                      <C>          <C>
COMMERCIAL PAPER - 2.0%
Chiao Tong (b)                                           100,015,757  $3,122,078
Chiao Tung Bank Nan Kong Branch (b)                       70,127,120   2,189,078
E. Sun Bank (b)                                           20,096,158     627,319
                                                                      ----------
TOTAL COMMERCIAL PAPER
   (Identified Cost -- $5,886,995)                                     5,938,475
                                                                      ----------
</TABLE>

                      See Notes to Schedule of Investments.


                                                                               1

<PAGE>

INVESTMENTS/ May 31, 2006 (unaudited) (continued)

<TABLE>
<CAPTION>
                                                          MATURITY
                                                           AMOUNT
                                                             US$
                                                          --------
<S>                                                       <C>       <C>
REPURCHASE AGREEMENT - 0.3%
State Street Bank and Trust Co.
1.45% dated 5/30/06 due 6/5/06
   (collateralized by U.S. Treasury
    Note 3.625%, 1/15/10, market value
    $1,003,872) (d)                                       $981,237  $    981,000
                                                                    ------------
TOTAL INVESTMENTS -- 100.0%
   (Cost -- $212,724,279 *)                                         $300,242,400
                                                                    ============
</TABLE>

                      See Notes to Schedule of Investments.


2

<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, 2006, aggregate gross unrealized appreciation for all securities
     for which there was an excess of value over financial reporting cost was
     $94,207,507 and aggregate gross unrealized depreciation for all securities
     for which there was an excess of financial reporting cost over value was
     $6,740,866 and net appreciation for financial reporting purposes was
     $87,466,641. At May 31, 2006, aggregate cost for financial reporting
     purposes was $212,724,279.
<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: July 18, 2006

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 12, 2006


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

Date: July 18, 2006
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>b61437ghexv99wcert.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) and internal
     control over financial reporting (as defined in Rule 30a-3(d) 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)  Designed such internal control over financial reporting, or caused
          such internal control over financial reporting to be designed under
          our supervision, to provide reasonable assurance regarding the
          reliability of financial reporting and the preparation of financial
          statements for external purposes in accordance with generally accepted
          accounting principles;

     (c)  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

     (d)  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 18, 2006


/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) and internal
     control over financial reporting (as defined in Rule 30a-3(d) 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)  Designed such internal control over financial reporting, or caused
          such internal control over financial reporting to be designed under
          our supervision, to provide reasonable assurance regarding the
          reliability of financial reporting and the preparation of financial
          statements for external purposes in accordance with generally accepted
          accounting principles;

     (c)  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

     (d)  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 12, 2006


/s/ Adelina Louie
- ------------------------------------
Adelina Louie
Treasurer of The Taiwan Fund, Inc.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
