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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000899140-00-000125.txt : 20000310
<SEC-HEADER>0000899140-00-000125.hdr.sgml : 20000310
ACCESSION NUMBER:		0000899140-00-000125
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20000229
FILED AS OF DATE:		20000309

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHILE FUND INC
		CENTRAL INDEX KEY:			0000846676
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				222990009
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		
		SEC FILE NUMBER:	811-05770
		FILM NUMBER:		564254

	BUSINESS ADDRESS:	
		STREET 1:		C/O CREDIT SUISSE ASSET MGMT
		STREET 2:		ONE CITICORP CTR 153 E 53RD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		3027912919

	MAIL ADDRESS:	
		STREET 1:		CREDIT SUISSE ASSET MGMT
		STREET 2:		ONE CITICORP CTR 153 E 53RD ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			ARZAC ENRIQUE R
	CENTRAL INDEX KEY:			0001009234
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>DIRECTOR

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		890 WEST 2ND AVENUE APT 158
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10025
	BUSINESS PHONE:		2122226695

MAIL ADDRESS:	
	STREET 1:		890 WEST END AVENUE APT 15B
	CITY:			NEW YORK
	STATE:			NY
	ZIP:			10025
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>

<PAGE>

<TABLE>
<CAPTION>

         FORM 4                                                                                            OMB APPROVAL
- --------------------                                                                                  ------------------------------

[ ] Check this box if no longer subject to Section                                                    OMB Number:          3235-0287
    16. Form 4 or Form 5 obligations may                                                              Expires:    September 30, 1998
    continue.  See Instruction 1(b).                                                                  Estimated average burden
                                                                                                      hours per response         0.5


                                               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                                            Washington, D.C. 20549

                                                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

                    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the
                  Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940




<S>                                       <C>                                          <C>
- ----------------------------------------- -------------------------------------------- ---------------------------------------------
1. Name and Address of Reporting Person*  2. Issuer Name and Ticker or Trading Symbol  6. Relationship of Reporting Person(s) to
                                                                                          Issuer (Check all applicable)
Arzac         Enrique          R.         The Chile Fund, Inc. (CH)
- ----------------------------------------- --------------------------------------------
(Last)        (First)          (Middle)   3. IRS or Social   4. Statement for              [X] Director         [ ] 10% Owner
                                             Security Number    Month/Year                 [ ] Officer (give    [ ] Other (specify
                                             of Reporting                                      title below)         below)
                                             Person          February 2000
890 West End Avenue, Apt. 15B                (Voluntary)
- -----------------------------------------                    ------------------------- ---------------------------------------------
            (Street)                                         5. If Amendment, Date of  7. Individual or Joint/Group Filing
                                                                Original (Month/Year)     (Check Applicable Line)
                                                                                       [X] Form filed by One Reporting Person
                                                                                       [ ] Form filed by More than One Reporting
New York, NY  10025                                                                        Person
- ----------------------------------------- ------------------ ------------------------- ---------------------------------------------
(City)           (State)            (Zip)
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
                                               Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                 <C>          <C>          <C>                         <C>               <C>          <C>
1.  Title of Security (Instr. 3)    2. Trans-    3. Trans-    4. Securities Acquired (A)  5.  Amount of     6. Owner-    7. Nature
                                       action       action       or Disposed of (D)           Securities       ship         of In-
                                       Date         Code         (Instr. 3, 4 and 5)          Beneficially     Form:        direct
                                                  (Instr. 8)                                  Owned at         Direct       Bene-
                                      (Month/                                                 End of           (D) or       ficial
                                       Day/                                                   Month            Indirect     Owner-
                                       Year)                                                  (Instr. 3        (I)          ship
                                                                                              and 4)         (Instr. 4)   (Instr. 4)

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

                                                 Code    V   Amount  (A) or (D)   Price
- --------------------------------- ------------- ------  ---  ------  ----------  ------- ----------------- ------------ ------------
Common Stock                      2/29/00       P            300     A           11.5825  1000                  D
- --------------------------------- ------------- ------  ---  ------  ----------  ------- ----------------- ------------ ------------

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

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

- --------------------------------- ------------- ------  ---  ------  ----------  ------- ----------------- ------------ ------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)
                                                                                                                     SEC 1474 (7-96)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
</TABLE>


<PAGE>


<TABLE>

<CAPTION>

FORM 4 (continued)        Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                      (e.g., puts, calls, warrants, options, convertible securities)
<S>                   <C>            <C>        <C>           <C>              <C>                <C>
- ---------------------------------------------------------------------------------------------------------------------------
1. Title of           2. Conver-     3.Trans-   4. Transac-   5. Number of     6. Date Exer-      7. Title and Amount of
   Derivative            sion or       action      tion Code     Derivative       cisable and        Underlying Securities
   Security              Exercise      Date        (Instr. 8)    Securities       Expiration         (Instr. 3 and 4)
   (Instr. 3)            Price of      (Month/                   Acquired (A)     Date (Month/
                         Derivative    Day/                      or Disposed      Day/Year)
                         Security      Year)                     of (D)
                                                                 (Instr.3, 4,
                                                                 and 5)





                                                Code     V     (A)     (D)      Date     Expira-               Amount or
                                                                                Exer-     tion       Title     Number of
                                                                               cisable    Date                   Shares
- --------------------- -------------- ---------- ------ ------ ------ --------- -------- --------- ----------- -------------

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</TABLE>

<PAGE>


<TABLE>

<CAPTION>

[CONTINUATION OF THE ABOVE CHART]
<S>             <C>             <C>              <C>
- --------------------------------------------------------------------
8. Title of     9. Number       10. Owner-       11. Nature
   Derivative      of Deriv-        ship             of In-
   Security        ative            Form             direct
   (Instr. 3)      Secur-           of De-           Bene-
                   ities            rivative         ficial
                   Bene-            Secu-            Owner-
                   ficially         rity:            ship
                   Owned            Direct           (Instr. 4)
                   at               (D) or
                   End              Indi-
                   of               rect (I)
                   Month            (Instr. 4)
                   (Instr. 4)



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Explanation of Responses:


                                                                                     /s/ Enrique R. Arzac            March 7, 2000
                                                                                  -------------------------------   ----------------
**  Intentional misstatements or omissions of facts constitute Federal Criminal   **Signature of Reporting Person        Date
    Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.                                                   Page 2
      If space is insufficient, see Instruction 6 for procedure.                                                     SEC 1474 (7-96)

Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB number.
</TABLE>


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