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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000818/0000905148-00-001673/0000905148-00-001673.txt : 20000922
<SEC-HEADER>0000905148-00-001673.hdr.sgml : 20000922
ACCESSION NUMBER:		0000905148-00-001673
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000818

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAPAN OTC EQUITY FUND INC
		CENTRAL INDEX KEY:			0000859796
		STANDARD INDUSTRIAL CLASSIFICATION:	 [0000
]		IRS NUMBER:				133553469
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		DEFA14A
			SEC ACT:		
			SEC FILE NUMBER:	811-05992
			FILM NUMBER:		705399
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		180 MAIDEN LANE
				CITY:			NEW YORK
				STATE:			NY
				ZIP:			10038-4936
				BUSINESS PHONE:		8008330018
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		180 MAIDEN LANE
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10038-4936
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>0001.txt
<DESCRIPTION>T:\EDGAR\LIPPI\738838.TXT
<TEXT>

    As Filed with the Securities and Exchange Commission on August 18, 2000

                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                           SCHEDULE 14A INFORMATION

                   Proxy Statement Pursuant to Section 14(a)
               of the Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant [X]
Filed by a Party other than the Registrant [_]

Check the appropriate box:

[_]     Preliminary Proxy Statement
[_]     Confidential, for Use of the Commission Only
        (as permitted by Rule 14a-6(e)(2))
[_]     Definitive Proxy Statement
[X]     Definitive Additional Materials
[_]     Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12

                          JAPAN OTC EQUITY FUND, INC.

- ------------------------------------------------------------------------------
               (Name of Registrant as Specified In Its Charter)

- ------------------------------------------------------------------------------
   (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]     No Fee Required

[_]     Fee computed on table below per Exchange Act Rules 14a-6(i)(4)
        and 0-11.

        1.   Title of each class of securities to which transaction applies:

             ----------------------------------------------------------


        2.   Aggregate number of securities to which transaction applies:

             ----------------------------------------------------------

        3.   Per unit price or other underlying value of transaction
             computed pursuant to Exchange Act Rule 0-11 (set forth the
             amount on which the filing fee is calculated and state how
             it was determined):

             ----------------------------------------------------------

        4.   Proposed maximum aggregate value transaction:

             ----------------------------------------------------------

        5.   Total fee paid:

             ----------------------------------------------------------

[_]     Fee paid previously with preliminary materials.

[_]     Check box if any part of the fee is offset as provided by
        Exchange Act Rule 0-11(a)(2) and identify the filing for which the
        offsetting fee was paid previously. Identify the previous filing by
        registration number, or the Form or Schedule and the date of its
        filing.

        1.    Amount previously paid:

              ----------------------------------------------------------

        2.    Form, Schedule or Registration Statement No.:

              ----------------------------------------------------------

        3.    Filing Party:

              ----------------------------------------------------------

        4.    Date Filed:

              ----------------------------------------------------------



<PAGE>

                             AN IMPORTANT REMINDER


Dear Shareholder:


         The Annual Meeting of Shareholders of Japan OTC Equity Fund, Inc.
scheduled for Tuesday, August 15, 2000 was adjourned only for proposal 5 until
September 13, 2000 . The adjournment is required because there were
insufficient votes to approve proposal 5, To Amend The Principal Investment
Strategy Concerning Investment In The Japanese Over-The Counter Market.

         You recently received a proxy statement and proxy card requesting
your vote on this important proposal. Our records show that we have not
received your completed proxy. It is important that we receive your vote in
order to avoid the expense associated with additional solicitations.

         YOUR VOTE IS IMPORTANT REGARDLESS OF THE NUMBER OF SHARES YOU OWN.

         I am writing to remind you that your participation is extremely
important. If you have not done so already, please cast your vote on the
enclosed proxy card.

         VOTING IS QUICK AND EASY. EVERYTHING YOU NEED IS ENCLOSED.

         Please mail your signed proxy card in the postage-paid envelope
immediately.

         If you already voted, thank you for your response. If you have any
further questions, please call Warren Antler at Corporate Investor
Communications, Inc, a professional proxy solicitation firm, at 201-896-2616.
We appreciate your vote.


Sincerely,

Nobuo Katayama




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