-----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,
 CxEOWy0RUTLazRF43zioPEGR/Q9gPeP4NS2ss+tmqSNGD/5WNWN3Q2DlWLdMNGJB
 etgbEvBKrdxorcKjfVnfSg==

<SEC-DOCUMENT>0001104659-07-016491.txt : 20070306
<SEC-HEADER>0001104659-07-016491.hdr.sgml : 20070306
<ACCEPTANCE-DATETIME>20070306061359
ACCESSION NUMBER:		0001104659-07-016491
CONFORMED SUBMISSION TYPE:	DEFR14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20070306
DATE AS OF CHANGE:		20070306
EFFECTIVENESS DATE:		20070306

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHILE FUND INC
		CENTRAL INDEX KEY:			0000846676
		IRS NUMBER:				222990009
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFR14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05770
		FILM NUMBER:		07673270

	BUSINESS ADDRESS:	
		STREET 1:		C/O CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128753500

	MAIL ADDRESS:	
		STREET 1:		CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST ISRAEL FUND INC
		CENTRAL INDEX KEY:			0000865277
		IRS NUMBER:				061302759
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		DEFR14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06120
		FILM NUMBER:		07673271

	BUSINESS ADDRESS:	
		STREET 1:		C/O CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128753500

	MAIL ADDRESS:	
		STREET 1:		CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ISRAEL CAPITAL FUND INC
		DATE OF NAME CHANGE:	19900826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LATIN AMERICA EQUITY FUND INC /MD
		CENTRAL INDEX KEY:			0000862599
		IRS NUMBER:				133577304
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFR14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06094
		FILM NUMBER:		07673272

	BUSINESS ADDRESS:	
		STREET 1:		C/O CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128753500

	MAIL ADDRESS:	
		STREET 1:		CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LATIN AMERICA INVESTMENT FUND INC
		DATE OF NAME CHANGE:	19920703

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDONESIA FUND INC
		CENTRAL INDEX KEY:			0000859120
		IRS NUMBER:				133558141
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEFR14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-06024
		FILM NUMBER:		07673273

	BUSINESS ADDRESS:	
		STREET 1:		C/O CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2128753500

	MAIL ADDRESS:	
		STREET 1:		CREDIT SUISSE ASSET MGMT, LLC
		STREET 2:		466 LEXINGTON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFR14A
<SEQUENCE>1
<FILENAME>a07-6945_1defr14a.htm
<DESCRIPTION>DEFR14A
<TEXT>
<html>

<head>







</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.04%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.98%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNITED
  STATES</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:23.16%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.98%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:23.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.98%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C. 20549</font></b></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:23.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.04%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="47%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:47.98%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:uppercase;">&nbsp;</font></p>
  </td>
  <td width="23%" valign="top" style="padding:0pt .7pt 0pt .7pt;width:23.16%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information
required in Proxy Statement<br>
Schedule 14A Information</font></p>

<p style="font-weight:bold;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;">SCHEDULE 14A</font></b></p>

<p align="center" style="margin:0pt 0pt 10.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy Statement
Pursuant to Section&nbsp;14(a)&nbsp;of<br>
the Securities Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading -->Filed by the Registrant&nbsp;&nbsp;<font face="Wingdings">x</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed by a Party other than the
  Registrant&nbsp;&nbsp;</font><font face="Wingdings">o</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate
  box:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preliminary Proxy Statement</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.06%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Confidential, for Use of the Commission Only (as
  permitted by Rule&nbsp;14a-6(e)(2))</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Proxy Statement</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Additional Materials</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.06%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting Material Pursuant to &#167;240.14a-12</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE CHILE FUND,
  INC.<br>
  THE FIRST ISRAEL FUND, INC.<br>
  THE LATIN AMERICA EQUITY FUND, INC.<br>
  THE INDONESIA FUND, INC.</font><!-- SET mrlNoTableShading --></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of
  Registrant as Specified In Its Charter)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Not Applicable</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of
  Person(s)&nbsp;Filing Proxy Statement, if other than the Registrant)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="4" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment of Filing Fee (Check the appropriate box):</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="96%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fee required.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee computed on table below per Exchange Act
  Rules&nbsp;14a-6(i)(1)&nbsp;and&nbsp;0-11.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="92%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title of each class of securities to which
  transaction applies:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aggregate number of securities to which transaction
  applies:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Per unit price or other underlying value of transaction
  computed pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on
  which the filing fee is calculated and state how it was determined):</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed maximum aggregate value of transaction:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total fee paid:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.8%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.74%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee paid previously with preliminary materials.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="96%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:96.56%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check box if any part of the fee is offset as
  provided by Exchange Act Rule&nbsp;0-11(a)(2)&nbsp;and identify the filing
  for which the offsetting fee was paid previously. Identify the previous
  filing by registration statement number, or the Form&nbsp;or Schedule and the
  date of its filing.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amount Previously Paid:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form, Schedule or Registration Statement No.:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filing Party:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date Filed:</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.44%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0pt .7pt 0pt 0pt;width:3.68%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92%" colspan="2" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.86%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">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 control number.</font></b></p>
  </td>
 </tr>
 <tr height="0">
  <td width="26" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="694" style="border:none;"></td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 12.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\fc\6072546165_H11174_1795456\6945-1-ba.htm',USER='jmsproofassembler',CD='Mar  1 07:25 2007' -->



<br clear="all" style="page-break-before:always;">
<!-- Document name: 07-6945-2.ba-->
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>THE CHILE FUND, INC.<BR>THE FIRST ISRAEL FUND, INC.<BR>THE LATIN AMERICA EQUITY FUND, INC.<BR>THE INDONESIA FUND, INC.</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Eleven Madison Avenue<BR>24th Floor<BR>New York, New York 10010</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>To Be Held on April 26, 2007</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2">TO THE SHAREHOLDERS:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">NOTICE IS HEREBY GIVEN that the Annual Meetings of Shareholders of each of the funds listed above (each a "Fund" and collectively, the "Funds") (each a "Meeting" and collectively, the "Meetings") will be held at the offices of Credit Suisse Asset Management, LLC, Eleven Madison Avenue (between 24th and 25th streets), 24th Floor, New York, New York 10010, on the following dates and times:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="206" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">The First Israel Fund, Inc. ("ISL")</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="76" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">2</font></td>
<td colspan="1" width="51" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">The Chile Fund, Inc. ("CH")</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="76" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3</font></td>
<td colspan="1" width="51" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">The Latin America Equity Fund, Inc. ("LAQ")</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="76" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">4</font></td>
<td colspan="1" width="51" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:00 p.m.</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">The Indonesia Fund, Inc. ("IF")</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="76" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">4</font></td>
<td colspan="1" width="51" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The purpose of the Meetings is to consider and act upon the following proposal for each Fund and to consider and act upon such other matters as may properly come before the Meetings or any adjournments thereof:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">(1)&nbsp;&nbsp;CH &#151; To elect two Directors for a three-year term and one Director for a two-year term;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;ISL &#151; To elect two Directors for a three-year term;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;LAQ &#151; To elect two Directors for a three-year term; and</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;IF &#151; To elect one Director for a three-year term.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This item is discussed in greater detail in the attached Joint Proxy Statement.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The close of business on February 26, 2007 has been fixed as the record date for the determination of the shareholders of each Fund entitled to notice of, and to vote at, the Meetings.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This notice and related proxy material are first being mailed to shareholders on or about March 2, 2007.</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2">By Order of each Board of Directors</font></p>
<p align="left"><img src="j0769452_ba001.jpg">
</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;J. KEVIN GAO</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>&nbsp;&nbsp;Secretary</i></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>WHETHER OR NOT YOU PLAN TO ATTEND THE MEETINGS IN PERSON, IT IS IMPORTANT THAT YOUR SHARES BE REPRESENTED AND VOTED AT THE MEETINGS. ACCORDINGLY, PLEASE DATE, SIGN AND RETURN THE ENCLOSED PROXY CARD(S) PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE UNITED STATES. IT IS IMPORTANT THAT YOUR PROXY CARD(S) BE RETURNED PROMPTLY IN ORDER TO AVOID THE ADDITIONAL EXPENSE OF FURTHER SOLICITATION.</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2">Dated: March 2, 2007<BR>New York, New York</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=1,FOLIO='',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2">(This page has been left blank intentionally.)</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=2,FOLIO='',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>THE CHILE FUND, INC.<BR>THE FIRST ISRAEL FUND, INC.<BR>THE LATIN AMERICA EQUITY FUND, INC.<BR>THE INDONESIA FUND, INC.</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>(each a "Fund" and collectively, the "Funds")<BR>Eleven Madison Avenue<BR>24th Floor<BR>New York, New York 10010</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Joint Proxy Statement for the<BR>Annual Meetings of Shareholders<BR>To Be Held on April 26, 2007</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This Joint Proxy Statement is furnished in connection with a solicitation of proxies by the Boards of Directors (each a "Board" and collectively, the "Boards") of the Funds for use at the Annual Meetings of Shareholders of the Funds to be held at the offices of Credit Suisse Asset Management, LLC ("Credit Suisse"), Eleven Madison Avenue (between 24th and 25th Streets), 24th Floor, New York, New York 10010 on April 26, 2007 for all the Funds, and at any adjournments thereof (each a "Meeting" and collectively, the "Meetings"). A Notice of Annual Meetings of Shareholders and a proxy card (the "Proxy") accompany this Joint Proxy Statement.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Proxy solicitations will be made primarily by mail, but solicitations may also be made by telephone, telegraph, or personal interviews conducted by officers or employees of the Funds, Credit Suisse, the investment adviser to the Funds, Bear Stearns Funds Management Inc., the administrator of the Funds (the "Administrator"), or D.F. King &amp; Co., Inc. ("D.F. King"), a proxy solicitation firm that has been retained by each Fund and which will receive a fee not to exceed $1,500 per Fund and will be reimbursed for its reasonable expenses. All costs of solicitation, including (a) printing and mailing of this Joint Proxy Statement and accompanying material, (b) the reimbursement of brokerage firms and others for their expenses in forwarding solicitation material to the beneficial owners of each Fund's shares, (c) payment of D.F. King for its services in soliciting Proxies and (d) supplementary solicitations to submit Proxies, will be borne one-f
ourth by each Fund. This Joint Proxy Statement is expected to be mailed to shareholders on or about March 2, 2007.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse has its principal executive office at Eleven Madison Avenue, 24th Floor, New York, New York 10010. The Administrator has its principal executive office at 383 Madison Avenue, 23rd Floor, New York, New York 10179. Celfin Capital Servicios Financieros S.A. ("Celfin"), located at Apoquindo 3721, Piso 19, Santiago, Chile, serves as Chilean investment sub-adviser and Chilean sub-administrator to The Chile Fund, Inc. ("CH") and The Latin America Equity Fund, Inc. ("LAQ"). Credit Suisse Asset Management Limited ("Credit Suisse Australia"), located at Level 31, Gateway Building, 1 Macquarie Place, Sydney, NSW 2000, serves as investment sub-adviser to The Indonesia Fund, Inc. ("IF"). Credit Suisse Asset Management Limited ("Credit Suisse UK"), located at One Cabot Square, London, UK E14 4QJ, and Analyst Exchange and Trading Services, Ltd., located at 46 Rothschild Blvd., Tel Aviv, Israel, 66883 serve as investment sub-advisers to The Fi
rst Israel Fund, Inc. ("ISL").</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Annual Reports, containing audited financial statements for the fiscal year ended December 31, 2006 for CH, ISL, LAQ and IF accompany this Joint Proxy Statement. They are not to be regarded as proxy-soliciting material.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>1</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=3,FOLIO='1',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">If an enclosed Proxy is properly executed and returned in time to be voted at the Meeting to which it relates, the shares represented thereby will be voted in accordance with the instructions marked on the Proxy. If no instructions are marked on the Proxy, the Proxy will be voted "FOR" the election of each Fund's nominee(s) for Director, and, in accordance with the judgment of the persons named in the Proxy on any matters that may properly come before the Meetings and that are deemed appropriate. Any shareholder giving a Proxy has the power to revoke it by mail (addressed to the Secretary of the relevant Fund, c/o Credit Suisse Asset Management, LLC, Eleven Madison Avenue, 24th Floor, New York, New York 10010) or in person at the Meeting by executing a superseding Proxy or by submitting a notice of revocation.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">A quorum of shareholders is constituted by the presence in person or by proxy of the holders of a majority of the outstanding shares of a Fund entitled to vote at a Meeting. In the event that a quorum is not present at a Meeting, the holders of a majority of the shares present in person or by proxy will have the power to adjourn such Meeting, without notice other than an announcement at such Meeting, until the requisite number of shares entitled to vote at such Meeting is present. In the event that a quorum is present at a Meeting but sufficient votes to approve any of the proposals are not received, the persons named as proxies may propose one or more adjournments of that Meeting to permit further solicitation of Proxies. Any such adjournment will require the affirmative vote of a majority of a Fund's shares represented at the Meeting in person or by proxy, and the persons named as proxies will vote those Proxies that they are entitled to v
ote "FOR" any proposal in favor of such adjournment and will vote those proxies required to be voted "AGAINST" any proposal against any such adjournment. Absent the establishment of a subsequent record date and the giving of notice to the holders of record thereon, the adjourned Meeting must take place not more than 120 days after the record date. At such adjourned Meeting, any business may be transacted which might have been transacted at the original Meeting. If a quorum is present, a shareholder vote may be taken on one or more of the proposals properly brought before the meeting prior to any adjournment if sufficient votes have been received and it is otherwise appropriate.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">For purposes of determining the presence of a quorum for transacting business at a Meeting, abstentions and broker "non-votes" (that is, proxies from brokers or nominees indicating that such persons have not received instructions from the beneficial owner or other persons entitled to vote shares on a particular matter with respect to which the brokers or nominees do not have discretionary power) will be treated as shares that are present but which have not been voted. Accordingly, shareholders are urged to forward their voting instructions promptly.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The election of a Director at each Meeting will require that the successful candidate(s) receive a plurality of the votes cast at a Meeting in person or by proxy. Because abstentions and broker non-votes are not treated as shares voted, any abstentions and broker non-votes would have no impact on the elections.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse and its affiliates have advised the Funds that they intend to vote the shares over which they have voting power at the Meetings, including shares that are held directly or on behalf of employees, in the manner instructed by the customers or employees for which such shares are held.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Each Fund has one class of shares of capital stock, par value $0.001 per share (the "Shares"). Each Share of a Fund is entitled to one vote at that Fund's Meeting, and fractional Shares are entitled to a proportionate share of one vote. On the record date, February 26, 2007, the following number of Shares of each Fund were issued and outstanding:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">CH</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="62" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">10,139,926</font><font size="2"> </font><font face="Times New Roman PS, Times New Roman, Times" size="2">Shares </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">ISL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="62" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">4,259,295</font><font size="2"> </font><font face="Times New Roman PS, Times New Roman, Times" size="2">Shares </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">LAQ</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="62" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">6,322,240</font><font size="2"> </font><font face="Times New Roman PS, Times New Roman, Times" size="2">Shares </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">IF</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="62" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">8,266,286</font><font size="2"> </font><font face="Times New Roman PS, Times New Roman, Times" size="2">Shares </font></td>
<td colspan="1">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>2</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=4,FOLIO='2',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This Joint Proxy Statement is being used in order to reduce the preparation, printing, handling and postage expenses that would result from the use of a separate proxy statement for each Fund and, because shareholders may own Shares of more than one Fund, to avoid burdening shareholders with more than one proxy statement. To the extent information regarding common ownership is available to the Funds, a shareholder who owns of record Shares in more than one Fund will receive a package containing this Joint Proxy Statement and Proxies for each Fund in which that shareholder owns Shares. If information relating to common ownership is not available to the Funds, a shareholder who beneficially owns Shares in more than one Fund may receive more than one package, each containing this Joint Proxy Statement and a Proxy for a single Fund. It is essential that shareholders complete, date, sign and return EACH enclosed Proxy.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">In order that your Shares may be represented at the Meeting(s), you are requested to:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#151;indicate your instructions on the Proxy;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#151;date and sign the Proxy;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#151;mail the Proxy promptly in the enclosed envelope; and</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#151;allow sufficient time for the Proxy to be received and processed on or before the commencement of the applicable Meeting(s) on the dates and at the times indicated below.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="206" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">ISL</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="76" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">2</font></td>
<td colspan="1" width="51" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">CH</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="76" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3</font></td>
<td colspan="1" width="51" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">LAQ</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="76" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">4</font></td>
<td colspan="1" width="51" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:00 p.m.</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="206" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">IF</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="76" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">April 26, 2007</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">4</font></td>
<td colspan="1" width="51" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">:30 p.m.</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>PROPOSAL 1: ELECTION OF DIRECTORS</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The only proposal to be submitted at the Meetings will be the election of Directors. If elected, each Director will hold office for the term set forth below and until his successor is elected and qualified.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Pursuant to each Fund's Articles of Incorporation, each Board is divided into three classes, each class having a term of three years. Each year the term of one class will expire. Each nominee will serve until the Annual Meeting in the year noted below of the Fund(s) on the Board(s) of which he sits or until his successor is elected and qualified. Each nominee has indicated an intention to serve if elected and has consented to being named in this Joint Proxy Statement. The nominees for election to the Boards of the Funds are as follows:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="39" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">CH:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="286" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox (Class II Director, three-year term ending 2010)<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Martin M. Torino (Class II Director, three-year term ending 2010)<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence D. Haber (Class I Director, two-year term ending 2009)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="39" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="286" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Martin M. Torino (Class I Director, three-year term ending 2010)<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence D. Haber (Class I Director, three-year term ending 2010)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="39" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">IF:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="286" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">James J. Cattano (Class I Director, three-year term ending 2010)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
<tr>
<td colspan="3" width="39" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">ISL:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="286" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Phillip Goldstein (Class I Director, three-year term ending 2010)<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox (Class I Director, three-year term ending 2010)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="8" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>3</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=5,FOLIO='3',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Information about each nominee is set forth in more detail below.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The following tables set forth certain information regarding the nominees for election to the Boards of the Funds, Directors whose terms of office continue beyond the Meetings, and the principal officers of the Funds. The current terms of office of each Fund's officers will end at the applicable Board of Directors' meeting next following the Meeting.</font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>DIRECTORS</b></font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="385" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name, Address and <BR>Date of Birth</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Position(s) <BR>Held <BR>With Fund(s)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Term of Office and <BR>Length of Time <BR>Served</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Principal <BR>Occupation(s) <BR>During the <BR>Past Five Years</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="71" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Number of <BR>Portfolios <BR>in Fund <BR>Complex <BR>Overseen <BR>By Director</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="989" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Other Directorships <BR>Held By Director</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="23" width="4443" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Non-Interested Nominees for Director:</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">James J. Cattano <BR>c/o Primary Resources, Inc. <BR>5100 Tamiami Trail N. <BR>Naples, FL 34103 <BR>Date of Birth: 06/24/43</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ and ISL: Director, Audit Committee Chairman and Nominating Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH: Since 1989; current term ends at the 2008 annual meeting LAQ: Since 1990; current terms ends at the 2008 annual meeting ISL: Since 2005; current term ends at the 2008 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">President, Primary Resources, Inc. (an international trading and manufacturing company specializing in the sale of agricultural commodities throughout Latin American markets) since October 1996</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">6</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">None</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence J. Fox <BR>One Logan Square <BR>18th & Cherry Streets <BR>Philadelphia, <BR>Pennsylvania 19103 <BR>Date of Birth: 07/17/43</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ and ISL: Director, Nominating and Audit Committee Member IF: Director, Nominating Committee Chairman and Audit Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ: Since 2006; current term ends at the 2009 annual meeting CH and ISL: current term ends at the 2007 meeting IF: Since 2000; current term ends at the 2008 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Partner, Drinker Biddle & Reath (law </font><font face="Times New Roman PS, Times New Roman, Times" size="1">firm) since 1972</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">6</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director, Winthrop Trust Company</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>4</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=6,FOLIO='4',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="385" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name, Address and <BR>Date of Birth</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Position(s) <BR>Held <BR>With Fund(s)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Term of Office and <BR>Length of Time <BR>Served</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Principal <BR>Occupation(s) <BR>During the <BR>Past Five Years</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="71" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Number of <BR>Portfolios <BR>in Fund <BR>Complex <BR>Overseen <BR>By Director</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="989" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Other Directorships <BR>Held By Director</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Phillip Goldstein <BR>60 Heritage Drive <BR>Pleasantville, NY 10570 <BR>Date of Birth: 01/28/45</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL: Director, Nominating and Audit Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL: Since 2005; current term ends at the 2007 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Investment Adviser, Opportunity Partners L.P. since 1992</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">2</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director, Brantley Capital Corporation Director, Mexico Equity and Income Fund</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Martin M. Torino <BR>c/o Credit Suisse Asset<BR>Management, LLC<BR>Attn: General Counsel<BR>Eleven Madison Avenue<BR>New York, New York 10010<BR>Date of Birth: 08/14/49</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ and CH: Director, Nominating and Audit Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ: Since 1990; current term ends at the 2007 annual meeting CH: Since 2005; current term ends at the 2007 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Chief Executive Officer and Director of Celsur Logistica S.A. (Logistics) since 2002: Chairman of the Board of Ingenio y Refineria San Martin Del Tabacal S.A. (a sugar refinery) from August 1996 to 2000</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">3</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">None</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="23" width="4443" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Interested Nominee for Director:</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence D. Haber* <BR>c/o Credit Suisse Asset<BR>Management, LLC<BR>Eleven Madison Avenue<BR>New York, New York 10010 <BR>Date of Birth: 06/27/51</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ, IF and ISL: Director</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ: Since 2006; current term ends at the 2007 meeting. IF: Since 2006; current term ends at the 2008 meeting. ISL: Since 2006; current term ends at the 2009 meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Managing Director and Chief Operating Officer of Credit Suisse; member of Credit Suisse's Management Committee; Chief Financial Officer of Merrill Lynch Investment Managers from 1997 to 2003</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">6</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">None</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>5</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=7,FOLIO='5',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="385" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name, Address and <BR>Date of Birth</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Position(s) <BR>Held <BR>With Fund(s)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Term of Office and <BR>Length of Time <BR>Served</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Principal <BR>Occupation(s) <BR>During the <BR>Past Five Years</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="71" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Number of <BR>Portfolios <BR>in Fund <BR>Complex <BR>Overseen <BR>By Director</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="989" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Other Directorships <BR>Held By Director</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="23" width="4443" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Non-Interested Directors:</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Enrique R. Arzac <BR>c/o Credit Suisse Asset Management, LLC <BR>Attn: General Counsel Eleven Madison Avenue New York, New York 10010 Date of Birth: 10/02/41</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ and ISL: Chairman of the Board of Directors, Nominating Committee Chairman and Audit Committee Member IF: Chairman of the Board of Directors, Nominating and Audit Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, and ISL: Since 1996; Chairman since </font><font face="Times New Roman PS, Times New Roman, Times" size="1">2005; current term ends at the 2009 annual meeting IF: Since 2000; Chairman since </font><font face="Times New Roman PS, Times New Roman, Times" size="1">2005; current term ends at the 2009 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Professor of Finance and Economics, Graduate School of Business, Columbia University since 1971</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">37</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director of Epoch Holding Corporation (an investment management and advisory services company); Director of The Adams Express Company (a closed-end investment company); Director of Petroleum and Resources Corporation (a closed-end investment company)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
<tr>
<td colspan="3" width="385" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Steven N. Rappaport <BR>c/o Lehigh Court, LLC<BR>40 East 52nd Street <BR>New York, New York 10022 <BR>Date of Birth: 07/10/48</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="777" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Director, Nominating and Audit Committee Member</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="945" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH: Since 2003; current terms ends at the 2008 annual meeting IF: Since 2005, current term ends at the 2009 annual meeting LAQ: Since 2005; current term ends at the 2008 annual meeting ISL: Since 2005; current term ends at the 2008 annual meeting</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1268" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present; Transition Adviser to SunGard Securities Finance, Inc. from February 2002 to July 2002; President of SunGard Securities Finance, Inc. from 2001 to February 2002; President of Loanet, Inc. (an on-line accounting service) from 1997 to 2001</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="55" align="right" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">37</font></td>
<td colspan="1" width="8" valign="top">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="3" width="989" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director of iCAD, Inc. (a surgical and medical instruments and apparatus company); Director of Presstek, Inc. digital imaging technologies company); Director of Wood Resources LLC (a plywood manufacturing company)</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="24" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>6</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=8,FOLIO='6',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>OFFICERS</b></font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="209" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name, Address and <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Date of Birth</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Positions(s) Held <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>With Fund(s)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Length of Time Served</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Principal Occupation(s)<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>During the Past Five Years</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Matthew J. K. Hickman <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Date of Birth: 01/21/64</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH and LAQ: Chief Investment Officer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH and LAQ: Since 2004</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director of Credit Suisse; Associated with Credit Suisse since December 2003; Financial Advisor with Global Advisors from July 2003 to November 2003; General Manager of Compass Group Investment Advisors S.A. from February 2002 to July 2003; Financial Advisor with Credit Suisse First Boston from August 2000 to February 2002; Director ABN AMRO from September 1998 to August 2000; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Neil Gregson <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">c/o Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Date of Birth: 05/10/62</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL: Chief Investment Officer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL: Since 2004</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Managing Director of Credit Suisse Asset Management Limited; Associated with Credit Suisse since 1990</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Boon Hong Yeo <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">c/o Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Date of Birth: 05/02/60</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF: Chief Investment Officer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF: Since 2003</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director of Credit Suisse Australia; Director of AIB Govett (Asia) Limited from October 2001 to April 2002; Managing Director of Zenith Asset Management Singapore from January 2001 to September 2001; Associate Director of CMG First State Singapore from 1994 to 2000</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Keith M. Schappert <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Date of Birth: 1/14/51</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Chief Executive Officer and President</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Since 2007</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Executive Vice Chairman and Head of Asset Management for Americas; Managing Director of Credit Suisse; Associated with Credit Suisse since 2006; Chief Executive Officer and President of Federated Investment Advisory companies from 2002 to March 2006; Chief Executive Officer and President of JP Morgan Investment Management from April 1994 to November 2001; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Michael A. Pignataro <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 Date of Birth: 11/15/59</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Chief Financial Officer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Since 1993</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director and Director of Fund Administration of Credit Suisse; Associated with Credit Suisse or its predecessor since 1984; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>7</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=9,FOLIO='7',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="209" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name, Address and <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Date of Birth</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Positions(s) Held <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>With Fund(s)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Length of Time Served</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Principal Occupation(s)<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>During the Past Five Years</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Emidio Morizio <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 Date of Birth: 09/21/66</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Chief Compliance Officer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Since 2004</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director and Global Head of Compliance of Credit Suisse; Associated with Credit Suisse since July 2000; Vice President and Director of Compliance of Forstmann-Leff Associates from 1998 to June 2000; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">J. Kevin Gao <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 Date of Birth: 10/13/67</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Senior Vice President and Secretary since</font><font size="1"> </font><font face="Times New Roman PS, Times New Roman, Times" size="1">2004, and Chief Legal Officer since 2006</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Since 2004</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Director and Legal Counsel of Credit Suisse; Associated with Credit Suisse since July 2003; Associated with the law firm of Willkie Farr &amp; Gallagher LLP from 1998 to 2003; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
<tr>
<td colspan="3" width="209" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Robert Rizza <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Credit Suisse Asset <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Management, LLC <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Eleven Madison Avenue <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">New York, New York 10010 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Date of Birth: 12/09/65</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="406" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Treasurer</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="143" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH, LAQ, IF and ISL: Since 1999</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="1618" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Vice President of Credit Suisse; Associated with Credit Suisse since 1998; Officer of other Credit Suisse Funds</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">&nbsp;&nbsp;*&nbsp;&nbsp;Mr. Haber is an "interested person" of the Fund (as defined in the Investment Company Act of 1940 (the "1940 Act")) by virtue of his current position as an officer of Credit Suisse. Mr. Haber was a member of the CH Board until his resignation on May 17, 2006.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Set forth in the table below is the dollar range of equity securities in each Fund and the aggregate dollar range of equity securities in the Credit Suisse Family of Investment Companies (as defined below) beneficially owned by each Director or nominee.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="237" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name of Director or Nominee</b>&nbsp;</font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b> <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b> </b>&nbsp;</font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Aggregate Dollar Range of Equity <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Securities in All Funds Overseen by </b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="134" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b><BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Dollar Range of Equity Securities <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Owned*(1)(2)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="120" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Director or Nominee in Credit <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Suisse Family of Investment <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Companies*(1)(3)</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="491" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b><u>Non-Interested Nominees for Director:</u></b></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">James J. Cattano</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH: </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">E</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence J. Fox</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Phillip Goldstein</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">E</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Martin M. Torino</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">B</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="15" width="173" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b><u>Interested Nominee for Director:</u></b></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence D. Haber</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">E</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>8</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=10,FOLIO='8',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="237" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name of Director or Nominee</b>&nbsp;</font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Aggregate Dollar Range of Equity <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Securities in All Funds Overseen by </b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="134" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Dollar Range of Equity Securities <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Owned*(1)(2)</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="120" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Director or Nominee in Credit <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Suisse Family of Investment <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Companies*(1)(3)</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="491" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b><u>Non-Interested Directors:</u></b></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Enrique R. Arzac</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">E</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Steven N. Rappaport</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">C</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">E</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="36" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF:</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="3" width="22" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="36" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL:</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">D</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="22" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"> </font></td>
<td colspan="1">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">*&nbsp;&nbsp;Key to Dollar Ranges</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">A.&nbsp;&nbsp;None</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">B.&nbsp;&nbsp;$1 - $10,000</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">C.&nbsp;&nbsp;$10,001 - $50,000</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">D.&nbsp;&nbsp;$50,001 - $100,000</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">E.&nbsp;&nbsp;over $100,000</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="1"><sup>(1)</sup>&nbsp;&nbsp;This information has been furnished by each Director as of December 31, 2006. "Beneficial Ownership" is determined in accordance with Rule 16a-1(a)(2) promulgated under the Securities Exchange Act of 1934, as amended (the "1934 Act").</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="1"><sup>(2)</sup>&nbsp;&nbsp;Each Fund's Directors and officers, in the aggregate, own less than 1% of that Fund's outstanding equity securities.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="1"><sup>(3)</sup>&nbsp;&nbsp;"Credit Suisse Family of Investment Companies" means those registered investment companies that share Credit Suisse as the investment adviser and that hold themselves out to investors as related companies for purposes of investment and investor services.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">As of December 31, 2006, none of the non-interested nominees for election to the Boards, the non-interested Directors or their immediate family members owned beneficially or of record any class of securities in Credit Suisse or in a person (other than a registered investment company) directly or indirectly controlling, controlled by or under common control with Credit Suisse.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">During the fiscal year ended December 31, 2006, each Director who was not a director, officer, partner, co-partner or employee of Credit Suisse, the Administrator or any affiliate thereof, received an annual fee of $10,000 and $1,000 for each meeting of the Boards attended by him and was reimbursed for expenses incurred in connection with his attendance at the Funds' Board meetings. Effective January 1, 2007, the annual fee will increase to $10,800. The total remuneration paid or accrued by CH, LAQ, ISL and IF during the fiscal year ended December 31, 2006 to all such unaffiliated Directors was $88,083, $74,083, $77,083 and $66,000, respectively. Each Director of CH, LAQ, IF and ISL receives fifty percent of his annual fee in the form of shares purchased by the Fund's transfer agent in the open market on his behalf.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">During the fiscal year ended December 31, 2006 for ISL, LAQ and IF, each Board convened six times. During the fiscal year ended December 31, 2006, the Board of CH convened nine times. Each Director attended at least seventy-five percent of the aggregate number of meetings of each Board and any committees on which he served during the period for which he was a Director.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">At a meeting of CH's Nominating Committee held on February 15, 2007, the Nominating Committee (with the nominees abstaining from voting) nominated Mr. Haber for a two-year term and Messrs. Fox and Torino each for a three-year term. At a meeting of LAQ's Nominating Committee held on February 15, 2007, the Nominating Com</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>9</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=11,FOLIO='9',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">mittee (with the nominees abstaining from voting) nominated Messrs. Torino and Haber each for a three-year term. At a meeting of IF's Nominating Committee held on February 15, 2007, the Nominating Committee (with the nominee abstaining from voting) recommended and nominated Mr. Cattano for a three-year term. At a meeting of ISL's Nominating Committee held on February 15, 2007, the Nominating Committee (with the nominees abstaining from voting) nominated Messrs. Goldstein and Fox each for a three-year term.</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Legal Matters</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Mr. Phillip Goldstein, nominee for directorship of ISL, is president of Kimball &amp; Winthrop, Inc., the managing general partner of Bulldog Investors General Partnership ("Bulldog Investors"). The Massachusetts Securities Division has filed a complaint against Bulldog Investors, Mr. Goldstein and a number of other entities and individuals ("Defendants") alleging that Defendants have violated Massachusetts law. The allegations stem from content available on Bulldog Investors' website and material sent via email to an individual requesting information on the website. The Massachusetts Securities Division alleges that the provision of materials on the website and via email constitutes an unregistered public offering of securities. The Defendants have answered these allegations and asserted that they have not violated Massachusetts law because they have not solicited investors over their website or via email and that the materials provided on 
their website and via email do not constitute a public offering and, in any event, are protected speech under the First Amendment. The issues raised in this litigation do not in any way involve or relate to the Fund, the Adviser or the Sub-Adviser or to any of the Fund's Directors other than Mr. Goldstein. Even if the determination is adverse to Mr. Goldstein, such determination will not affect the Fund or its operations.</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Board Committees</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Each Fund has an Audit Committee consisting of all the Directors who are not interested persons of that Fund and who are independent of that Fund (as such term is defined by the listing standards of the American Stock Exchange ("AMEX")). Each of the Audit Committees of ISL, LAQ and IF convened three times during the fiscal year ended December 31, 2006. The Audit Committee of CH convened four times during the fiscal year ended December 31, 2006. Each Fund's Audit Committee advises the full Board with respect to accounting, auditing and financial matters affecting that Fund.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Messrs. Arzac, Cattano, Fox, Rappaport and Torino constitute CH's and LAQ's Nominating Committee; Messrs. Arzac, Fox, Francis* and Rappaport constitute IF's Nominating Committee; and Messrs. Arzac, Cattano, Fox, Goldstein and Rappaport constitute ISL's Nominating Committee, each of which is composed of Directors who are not interested persons of the applicable Fund and who are independent of that Fund (as such term is defined by the AMEX's listing standards). Each Fund's Nominating Committee convened three times during the fiscal year ended December 31, 2006.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Each Fund's Nominating Committee selects and nominates Directors. Each Board has adopted a Nominating Committee Charter (a copy of which is included as Appendix A). In nominating candidates, each Committee shall take into consideration such factors as it deems appropriate. These factors may include judgment, skill, diversity, experience with investment companies and other organizations of comparable purpose, complexity, size and subject to similar legal restrictions and oversight, the interplay of the candidate's experience with the experience of other Board members, and the extent to which the candidate would be a desirable addition to the Board and any committees thereof.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Nominating Committee will consider candidates submitted by shareholders or from other sources it deems appropriate. Any recommendation should be submitted to the Secretary of the Fund, c/o Credit Suisse Asset Management, LLC, Eleven Madison Avenue, 24th Floor, New York, New York 10010. Any submission should </font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">* Mr. Francis will be retiring upon the election of Directors at the upcoming annual meeting of shareholders.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>10</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=12,FOLIO='10',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">include at a minimum the following information: as to each individual proposed for election or re-election as Director, the name, age, business address, residence address and principal occupation or employment of such individual, the class, series and number of shares of stock of a Fund that are beneficially owned by such individual, the date such shares were acquired and the investment intent of such acquisition, whether such stockholder believes such individual is, or is not, an "interested person" of a Fund (as defined in the 1940 Act), and information regarding such individual that is sufficient, in the discretion of the Nominating Committee, to make such determination, and all other information relating to such individual that is required to be disclosed in solicitation of proxies for election of Directors in an election contest (even if an election contest is not involved) or is otherwise required, in each case pursuant to Regulation 1
4A (or any successor provision) under the 1934 Act, and the rules thereunder (including such individual's written consent to being named in the proxy statement as a nominee and to serving as a Director (if elected)). In the case of any Fund holding a meeting of shareholders, any such submission, in order to be considered for inclusion in the Fund's proxy statement, should be submitted by a date not later than the 120th calendar day before the date the Fund's proxy statement was released to security holders in connection with the Fund's previous year's annual meeting or, if the Fund has changed the meeting date by more than 30 days or if no meeting was held the previous year, within a reasonable time before the Fund begins to print and mail its proxy statement. Any such submission must also be submitted by such date and contain such information as may be specified in a Fund's By-laws, or as required by any relevant stock exchange listing standards.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">None of the Funds has a Compensation Committee.</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Other Board-Related Matters</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Shareholders who wish to send communications to the Boards should send them to the address of the relevant Fund and to the attention of that Board. All such communications will be directed to the Board's attention.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Funds do not have a formal policy regarding Board member attendance at the Annual Meetings of Shareholders.</font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>REPORTS OF THE AUDIT COMMITTEES</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Pursuant to the Audit Committee Charter adopted by each Fund's Board (a copy of which is included as Appendix B), the Audit Committee is responsible for conferring with that Fund's independent registered public accounting firm, reviewing annual financial statements, approving the selection of that Fund's independent registered public accounting firm and overseeing that Fund's internal controls. Each Fund's Audit Committee charter also contains provisions relating to the pre-approval by the Audit Committee of certain non-audit services to be provided by PricewaterhouseCoopers LLP ("PwC") to that Fund and to Credit Suisse and certain of its affiliates. Each Audit Committee advises a Fund's full Board with respect to accounting, auditing and financial matters affecting the Fund. The independent registered public accounting firm is responsible for planning and carrying out audits in accordance with standards established by the Public Accounting 
Oversight Board (United States).</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Each Audit Committee has met with the applicable Fund's management to discuss, among other things, that Fund's audited financial statements for the fiscal year ended December 31, 2006. Each Audit Committee has also met with the Funds' independent registered public accounting firm, PwC, and discussed with it certain matters required by Statement of Auditing Standards No. 61, COMMUNICATIONS WITH AUDIT COMMITTEES, as currently modified or supplemented, including, but not limited to, the scope of that Fund's audit, that Fund's financial statements and that Fund's accounting controls. Each Audit Committee has received from PwC the letter required by the Securities and Exchange Commission's (the "SEC") independence rules describing any relationships between it and the applicable Fund, Credit Suisse and its affiliates that may be thought to bear upon the independence of the </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>11</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=13,FOLIO='11',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">independent registered public accounting firm. Each Audit Committee has discussed with PwC its independence and has considered whether the provision of services by PwC to that Fund, to Credit Suisse and its affiliates was compatible with maintaining PwC's independence.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The members of the Audit Committees are not professionally engaged in the practice of auditing or accounting and are not employed by a Fund for accounting, financial management or internal control. Moreover, each Audit Committee relies on and makes no independent verification of the facts presented to it or representations made by management or the independent registered public accounting firm. Accordingly, an Audit Committee's oversight does not provide an independent basis to determine that management has maintained appropriate accounting and financial reporting principles and policies, or internal controls and procedures, designed to assure compliance with accounting standards and applicable laws and regulations. Furthermore, the Audit Committees' considerations and discussions referred to above do not provide assurance that the audit of a Fund's financial statements has been carried out in accordance with generally accepted auditing stan
dards or that the financial statements are presented in accordance with generally accepted accounting principles.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Based upon these reviews and discussions, each Audit Committee recommended to the Board that the applicable Fund's audited financial statements be included in that Fund's 2006 Annual Report to Shareholders for the fiscal year ended December 31, 2006 and be mailed to shareholders and filed with the SEC.</font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Submitted by the Audit Committee of Each Fund's Board of Directors</b></font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="107" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>CH<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Enrique R. Arzac<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">James J. Cattano <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Steven N. Rappaport<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Martin M. Torino</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="107" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>LAQ<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Enrique R. Arzac<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">James J. Cattano<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Steven N. Rappaport<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Martin M. Torino</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="107" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>IF<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Enrique R. Arzac<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Richard H. Francis<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Steven N. Rappaport</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="107" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>ISL<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Enrique R. Arzac<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">James J. Cattano<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Lawrence J. Fox<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Phillip Goldstein<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Steven N. Rappaport</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="16" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>12</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=14,FOLIO='12',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">At meetings held on November 16, 2006, each Fund's Audit Committee approved the selection of PwC for the fiscal year ending December 31, 2007 for CH, ISL, LAQ and IF. PwC has been each Fund's independent registered public accounting firm since each Fund commenced operations, and has informed each Fund that it has no direct or material indirect financial interest in that Fund. A representative of PwC will be available by telephone at the Meetings and will have the opportunity to make a statement, if the representative so desires, and will be available to respond to appropriate questions.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The information in the table below is provided for services, all approved by the Audit Committee, rendered to CH, LAQ and IF by PwC for its fiscal years ended December 31, 2005 and December 31, 2006 and to ISL by PwC for its fiscal years ended September 30, 2005 and December 31, 2006*.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="99" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="15" width="316" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>2006</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="15" width="316" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>2005</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Audit Fees</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">58,400</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">34,600</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">61,600</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">50,200</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">56,700</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">33,800</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">59,850</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">56,550</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Audit-Related Fees<sup>1</sup></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,250</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,250</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,250</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,250</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,150</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,150</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">3,150</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">12,050</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Tax Fees<sup>2</sup></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">8,100</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">8,100</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">8,100</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">17,300</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">7,860</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">7,860</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">7,860</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">23,860</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">All Other Fees</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="21" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">0</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="99" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Total</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">69,750</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">45,950</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">72,950</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">70,750</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">67,710</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">44,810</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">70,860</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="21" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">$</font></td>
<td colspan="1" width="44" bgcolor="#cceeff" align="right" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="2">92,460</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom" style="border:none; border-top:solid windowtext 1pt;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">*&nbsp;&nbsp;The information in the table above does not include the fees for PwC's services to ISL for the period from October 1, 2005 to December 31, 2005. The audit fees, audit related fees, tax fees, and all other fees for that period were $32,600, $8,900, $7,860 and $0, respectively.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="1"><sup>1</sup>&nbsp;&nbsp;Services include agreed-upon procedures in connection with the Funds' semi-annual financial statements and, for ISL only, an attestation on the Fund's compliance with an Israeli tax ruling.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="1"><sup>2</sup>&nbsp;&nbsp;Tax services in connection with the Funds' excise tax calculations and review of the Funds' applicable tax returns and for ISL, for services in connection with that fund's Israeli tax authority filing ($16,000 in 2005 and $9,200 in 2006).</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Each Audit Committee is responsible for pre-approving (i) all audit and permissible non-audit services to be provided by the independent registered public accounting firm to each Fund and (ii) all permissible non-audit services to be provided by the independent registered public accounting firm to Credit Suisse, and any service provider to the Fund controlling, controlled by or under common control with Credit Suisse that provided ongoing services to the Fund ("Covered Services Provider"), if the engagement relates directly to the operations and financial reporting of the Fund. Each Audit Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Audit Committee, and the Chairperson shall report to the Audit Committee, at its next regularly scheduled meeting after the Chairperson's pre-approval of such services, his or her decision(s). Each Audit Committee may also est
ablish detailed pre-approval policies and procedures for pre-approval of such services in accordance with applicable laws, including the delegation of some or all of the Audit Committee's pre-approval responsibilities to other persons (other than Credit Suisse or a Fund's officers). Pre-approval by an Audit Committee of any permissible non-audit services shall not be required so long as: (i) the aggregate amount of all such permissible non-audit services provided to a Fund, Credit Suisse and any Covered Services Provider constitutes not more than 5% of the total amount of revenues paid by the Fund to its independent registered public accounting firm during the fiscal year in which the permissible non-audit services are provided; (ii) the permissible non-audit services were not recognized by the Fund at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Audit Committee and approved by the Audit Committee (or its delegate(s)) prior to the c
ompletion of the audit.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>13</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=15,FOLIO='13',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The aggregate fees billed by PwC for non-audit services rendered to each of CH, IF and LAQ for the fiscal years ended December 31, 2005 and December 31, 2006 were $11,010 and $11,350, respectively. The aggregate fees billed by PwC for non-audit services rendered to ISL for the fiscal year ended September 30, 2005, the period from October 1, 2005 to December 31, 2005, and the fiscal year ended December 31, 2006 were $35,910, $16,760 and $20,550, respectively. These amounts include fees for non-audit services required to be pre-approved by the Funds' Audit Committees.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The aggregate fees billed by PwC for non-audit services that directly relate to each of CH and LAQ that were rendered to Credit Suisse and any Covered Services Provider for the fiscal years ended December 31, 2005 and December 31, 2006 were $394,000 and $0, respectively. The aggregate fees billed by PwC for non-audit services that directly relate to ISL that were rendered to Credit Suisse and any Covered Services Provider for the fiscal year ended December 31, 2005, the period from October 1, 2005 to December 31, 2005, and the fiscal year ended December 31, 2006 were $394,000, $0 and $0, respectively. The aggregate fees billed by PwC for non-audit services that directly relate to IF that were rendered to Credit Suisse and any Covered Services Provider for the fiscal years ended December 31, 2005 and December 31, 2006 were $2,444,000 and $0, respectively.</font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>COMPENSATION</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The following table shows certain compensation information for the Directors of each Fund for the calendar year ended December 31, 2006. All officers of the Funds are employees of and are compensated by Credit Suisse. None of the Funds' executive officers or Directors who are also officers or directors of Credit Suisse received any compensation from any Fund for such period. None of the Funds has any bonus, profit sharing, pension or retirement plans.</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="93" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name of Director</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="15" width="300" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Aggregate Compensation <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>From Fund</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="159" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Total Compensation From Fund <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>and Fund Complex Paid To <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Directors*</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="69" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">CH </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="69" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">IF </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="69" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">LAQ </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="69" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1">ISL </font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="159" valign="bottom">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="23" width="560" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Non-Interested Nominees For Director:</b></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">James J. Cattano</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">20,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">17,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">94,361</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence J. Fox</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">13,083</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">11,083</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">11,083</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">89,250</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Phillip Goldstein</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="20" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">30,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Martin M. Torino</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">14,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">43,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="23" width="560" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Interested Nominee For Director:</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Lawrence D. Haber</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">0</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="23" width="560" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Non-Interested Directors:</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Enrique R. Arzac</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">22,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">19,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">19,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">19,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">224,196</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Steven N. Rappaport</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">18,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">15,000</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="20" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">209,358</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="93" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">Richard H. Francis</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">17,000</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="41" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">n/a</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="20" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">$</font></td>
<td colspan="1" width="131" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="1">95,400</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">&nbsp;&nbsp;*&nbsp;&nbsp;37 funds comprise the Fund complex. See the "Directors" table for the number of funds each Director serves.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>EACH FUND'S BOARD OF DIRECTORS, INCLUDING THE NON-INTERESTED DIRECTORS, RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THE NOMINEES FOR DIRECTOR FOR THAT FUND.</b></font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>14</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=16,FOLIO='14',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>ADDITIONAL INFORMATION</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Beneficial Owners</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Based upon a review of filings made pursuant to Section 13 of the 1934 Act, or such other filings as noted below, as of February 26, 2007: (i) to IF's knowledge, no shareholder held 5% or more of its Shares; and (ii) the following table shows certain information concerning persons who may be deemed beneficial owners of 5% or more of the Shares of each of CH, LAQ and ISL because they possessed or shared voting or investment power with respect to CH's, LAQ's or ISL's Shares, as applicable:</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="183" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Name And Address</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="99" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Number Of Shares<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Beneficially Owned</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="73" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Percent<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Of<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Shares</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="363" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>CH</b></font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="183" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">Administradora de Fondos de <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Pensiones de Provida, S.A.* <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Avenida Pedro de Valdivia 100 Piso 9 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Santiago, Chile</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="83" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">2,374,199</font></td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8">&nbsp;</td>
<td colspan="1" width="8" valign="bottom">
&nbsp;</td>
<td colspan="1" width="40" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">23.41</font></td>
<td colspan="1" width="25" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">%</font></td>
<td colspan="1" width="8">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="183" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">A.F.P. Habitat S.A.** <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Avenida Providencia 1909 <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Piso 9 - Providencia Santiago, Chile</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">2,164,700</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="40" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">21.35</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="363" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>LAQ</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="183" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">City of London*** <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">10 </font><font face="Times New Roman PS, Times New Roman, Times" size="2">Eastcheap <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">London EC3M 1LX England</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">1,434,240</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="40" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">22.69</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
<tr>
<td colspan="11" width="363" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2"><b>ISL</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="183" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">OTR Nominee Name for The State <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Teachers Retirement Board of Ohio**** <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">275 </font><font face="Times New Roman PS, Times New Roman, Times" size="2">East Broad Street <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="2">Columbus, Ohio 43215</font></td>
<td colspan="1" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="83" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">219,950</font></td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
<td colspan="1" width="8" bgcolor="#cceeff" valign="bottom">
&nbsp;</td>
<td colspan="1" width="40" bgcolor="#cceeff" align="right" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">5.16</font></td>
<td colspan="1" width="25" bgcolor="#cceeff" align="left" valign="bottom">
<font face="Times New Roman PS, Times New Roman, Times" size="2">%</font></td>
<td colspan="1" width="8" bgcolor="#cceeff">&nbsp;</td>
</tr>
</table>

<p>&nbsp;</p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>*&nbsp;&nbsp;As stated in Schedule 13D filed with the SEC on September 9, 2003.</i></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>**&nbsp;&nbsp;As set forth on the website of the Chilean Superintendencia de Administradoras de Fondos de Pensiones as of January 2007. This Shareholder previously filed a Schedule 13D/A with the SEC on May 19, 2004.</i></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>***&nbsp;&nbsp;As stated in Schedule 13G filed with the SEC on February 6, 2007.</i></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>****&nbsp;&nbsp;As stated in Schedule 13G filed with the SEC on January 23, 2007.</i></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Section 16(a) Beneficial Ownership Reporting Compliance</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Section 16(a) of the 1934 Act and Section 30(h) of the 1940 Act require each Fund's officers and Directors, certain officers and directors of the investment adviser, affiliated persons of the investment adviser, and persons who beneficially own more than 10% of the Fund's Shares to file reports of ownership with the SEC and the Fund.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>15</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=17,FOLIO='15',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Based solely upon its review of the copies of such forms received by it and written representations from such persons, to the knowledge of each Fund, for the fiscal year ended December 31, 2006, such forms were filed on a timely basis except that A.F.P. Habitat S.A. has not filed any form to reflect the change in its share ownership as reported to the Chilean </font><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>Superintendencia De Administradoras De Fondos De Pensiones</i></font><font face="Times New Roman PS, Times New Roman, Times" size="2">.</font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SHAREHOLDER PROPOSALS</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Notice is hereby given that for a shareholder proposal to be considered for inclusion in any Fund's proxy material relating to its 2008 annual meeting of shareholders, the shareholder proposal must be received by that Fund no later than November 1, 2007. The shareholder proposal, including any accompanying supporting statement, may not exceed 500 words. A shareholder desiring to submit a proposal must be a record or beneficial owner of Shares with a market value of $2,000 and must have held such Shares for at least one year. Further, the shareholder must continue to hold such Shares through the date on which the meeting is held. Documentary support regarding the foregoing must be provided along with the proposal. There are additional requirements regarding proposals of shareholders, and a shareholder contemplating submission of a proposal is referred to Rule 14a-8 promulgated under the 1934 Act. The timely submission of a proposal does not g
uarantee its inclusion in a Fund's proxy materials.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Pursuant to the By-laws of each Fund, at any annual meeting of the shareholders, only such business will be conducted as has been properly brought before the annual meeting. To be properly brought before the annual meeting, the business must be (i) specified in the notice of meeting (or any supplement thereto) given by or at the direction of the Board, (ii) otherwise properly brought before the meeting by or at the direction of the Board, or (iii) otherwise properly brought before the meeting by a shareholder.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">For business to be properly brought before the annual meeting by a shareholder, the shareholder must have given timely notice thereof in writing to the Secretary of the relevant Fund. To be timely, any such notice must be delivered to, or mailed (certified mail being recommended) to and received by, the relevant Fund c/o Credit Suisse Asset Management, LLC, Eleven Madison Avenue, 24th Floor, New York, New York 10010 not later than 45 days before the date in the then current year corresponding to the date on which the Fund first mailed its notice and proxy materials for the annual meeting held in the prior year; provided, however, that in the event that the date of the annual meeting is advanced or delayed by more than 30 days from the first anniversary of the preceding year's annual meeting, notice by such shareholder to be timely must be so received not later than the close of business on the 10th day following the day on which notice or pu
blic announcement of the date of such meeting was given or made. In no event shall the public announcement of an adjournment of an annual meeting commence a new time period for the giving of a shareholder's notice as described above.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Any such notice by a shareholder to a Fund shall set forth as to each matter the shareholder proposes to bring before the annual meeting: (i) a brief description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the annual meeting, (ii) the name and address, as they appear on the Fund's books, of the shareholder proposing such business, (iii) the class and number of shares of the capital stock of the Fund which are beneficially owned by the shareholder, (iv) a representation that the shareholder is a holder of record of shares of the Fund entitled to vote at such meeting and intends to appear in person or by proxy at the meeting to present such business, (v) whether the shareholder intends or is part of a group which intends to solicit proxies from other shareholders in support of such business and (vi) any material interest of the shareholder in such business.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">A Fund may exercise discretionary voting authority with respect to any shareholder proposals for the 2008 annual meeting of shareholders not included in the proxy statement and form of proxy which are not submitted to the </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>16</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=18,FOLIO='16',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Fund within the time-frame indicated above. Even if timely notice is received, a Fund may exercise discretionary voting authority in certain other circumstances. Discretionary voting authority is the ability to vote proxies that shareholders have executed and returned to a Fund on matters not specifically reflected on the form of proxy.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SHAREHOLDERS WHO DO NOT EXPECT TO BE PRESENT AT THE MEETINGS AND WHO WISH TO HAVE THEIR SHARES VOTED ARE REQUESTED TO DATE AND SIGN THE ENCLOSED PROXY CARD AND RETURN IT IN THE ENCLOSED ENVELOPE. NO POSTAGE IS REQUIRED IF MAILED IN THE UNITED STATES.</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Delivery of Proxy</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Only one copy of this Joint Proxy Statement may be mailed to households, even if more than one person in a household is a shareholder of record. If a shareholder needs an additional copy of this Joint Proxy Statement, please contact the Fund at (800) 293-1232. If any shareholder does not want the mailing of this Joint Proxy Statement to be combined with those for other members of your household, please contact the Funds in writing at: Eleven Madison Avenue, 24th Floor, New York, New York 10010 or call the Funds at (800) 293-1232.</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Other Business</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Management knows of no business to be presented at the Meetings, other than the matters set forth in this Joint Proxy Statement, but should any other matter requiring the vote of shareholders arise, the proxies will vote thereon according to their best judgment in the interests of the relevant Fund.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>17</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=19,FOLIO='17',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2">(This page has been left blank intentionally.)</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=20,FOLIO='',FILE='07-6945-2.ba',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 07-6945-2.ca-->
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>APPENDIX A</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>NOMINATING COMMITTEE CHARTER</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This document serves as the Charter for the Nominating Committee (the "Committee") of the Board of Directors/Trustees (the "Board") of each fund (the "Fund" and collectively the "Funds") advised by Credit Suisse Asset Management, LLC ("Credit Suisse") listed on Appendix A hereto (each such Charter being a separate Charter).</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SECTION 1.&nbsp;&nbsp;PURPOSE &amp; SCOPE</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The purpose of the Nominating Committee is to assist the Board in its selection and evaluation of members with the competencies needed to oversee the Funds so that the interests of shareholders in the Funds are well-served.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;In pursuit of this purpose, the scope of the Committee's responsibilities shall include:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;&#151;the nomination of new Directors.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;&#151;the evaluation of the Board and its committee structure.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SECTION 2.&nbsp;&nbsp;MEMBERSHIP</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(a)&nbsp;&nbsp;The Committee for each Fund shall consist of all of the Directors who are not "interested persons" of the Fund, as defined in the Investment Company Act of 1940, as amended (the "1940 Act"), and, if applicable, "independent" as such term is defined by the listing standards of the principal national securities exchange upon which the Fund's shares are listed, if any.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;The Committee shall appoint its Chairperson by a majority vote of its members.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(c)&nbsp;&nbsp;The compensation, if any, of the Committee members shall be as determined by the Board.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SECTION 3.&nbsp;&nbsp;NOMINATION AND APPOINTMENT POLICY AND RESPONSIBILITIES</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(a)&nbsp;&nbsp;In nominating candidates, the Committee will search for those highly qualified candidates who can bring to the Board the skills, experience and judgment necessary to address the issues directors of investment companies may confront in fulfilling their duties to fund shareholders. The Committee may, in its discretion, establish specific, minimum qualifications (including skills) that must be met by Committee-nominated or shareholder-nominated candidates. The Committee is also responsible for the analyses of the appropriateness of establishing minimum shareholding levels for Directors.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;The Committee will consider candidates submitted by shareholders or from other sources it deems appropriate. Any recommendation should be submitted to the Secretary of each Fund, c/o Credit Suisse Asset Management, LLC, 466 Lexington Avenue, New York, New York 10017. Any submission should include, at a minimum, the following information: As to each individual proposed for election or re-election as director, the name, age, business address, residence address and principal occupation or employment of such individual, the class, series and number of shares of stock of the Fund that are beneficially owned by such individual, the date such shares were acquired and the investment intent of such acquisition, whether such stockholder believes such individual is, or is not, an "interested person" of the Fund (as defined in the 1940 Act), and information regarding such individual that is sufficient, in the discretion of the
 Committee, to make such determination, and all other information relating to such individual that is required to be disclosed in solicitation of proxies for election of directors in an election contest (even if an election </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>A-1</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=21,FOLIO='A-1',FILE='07-6945-2.ca',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">contest is not involved) or is otherwise required, in each case pursuant to Regulation 14A (or any successor provision) under the Securities Exchange Act of 1934, as amended, and the rules thereunder (including such individual's written consent to being named in the proxy statement as a nominee and to serving as a director (if elected)). In the case of any Fund holding a meeting of shareholders, any such submission in order to be considered for inclusion in the Fund's proxy statement, should be submitted by a date not later than the 120th calendar day before the date the Fund's proxy statement was released to security holders in connection with the Fund's previous year's annual meeting or, if the Fund has changed the meeting date by more than 30 days or if no meeting was held the previous year, within a reasonable time before the Fund begins to print and mail its proxy statement. Any such submission must also be submitted by such date and co
ntain such information as may be specified in the Fund's By-laws, or as required by any relevant stock exchange listing standards.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SECTION 4.&nbsp;&nbsp;ADDITIONAL RIGHTS AND RESPONSIBILITIES</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(a)&nbsp;&nbsp;The Committee shall review, as it deems necessary, and make recommendations with regard to the tenure of the directors, including any term limits, limits on the number of boards (or committees) on which a director may sit and normal retirement age.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;The Committee may retain and terminate a search firm to identify director nominees, subject to the Board's sole authority to approve the search firm's fees and other retention terms.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(c)&nbsp;&nbsp;The Committee shall be responsible for annually evaluating the Board and its committee structure to determine whether the Board and its committee structure is functioning effectively. The Committee shall determine the nature of the evaluation, supervise the conduct of the evaluation and prepare an assessment of the performance of the Board and its committees, to be discussed with the Board.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(d)&nbsp;&nbsp;The Committee shall have the authority to delegate all or a portion of its duties and responsibilities to a subcommittee of the Committee.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(e)&nbsp;&nbsp;The Committee shall have any other duties or responsibilities expressly delegated to the Committee by the Board from time to time relating to the nomination of the Board members or any Committee members.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>SECTION 5.&nbsp;&nbsp;PROCEDURAL MATTERS</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(a)&nbsp;&nbsp;The Committee shall meet at least once a year.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;The Committee shall keep written minutes of its meetings, which minutes shall be maintained with the books and records of the Fund, and the Committee shall report to the Board on its meetings.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(c)&nbsp;&nbsp;The Committee shall, from time to time (but not less frequently than annually) as it deems appropriate, review and reassess the adequacy of this Charter and recommend any proposed changes to the Board for approval. The Charter shall be posted on the Fund's website.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(d)&nbsp;&nbsp;The Board has granted to the Committee access to the resources and authority to make reasonable expenditures, including expenditures to retain any experts and counsel related to the aforementioned duties and tasks, that will be reimbursed by the Fund.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">May 17, 2006</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>A-2</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=22,FOLIO='A-2',FILE='07-6945-2.ca',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>APPENDIX A</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Open-End Funds:</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Capital Appreciation Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Capital Funds</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Large Cap Value Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Small Cap Value Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Long-Short Market Neutral Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Total Return Global Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse U.S. Multi-Cap Research Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Commodity Return Strategy Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Emerging Markets Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global Small Cap Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Capital Appreciation Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;International Focus Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Investment Grade Fixed Income Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Large Cap Value Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse International Focus Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Japan Equity Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Mid-Cap Growth Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse New York Municipal Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Opportunity Funds</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse High Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Conservative</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Moderate</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Aggressive</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Small Cap Growth Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Target Return Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Cash Reserve Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global High Yield Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Money Market Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Government Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Prime Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Large Cap Blend Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Short Duration Bond Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Trust</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Blue Chip Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Commodity Return Strategy Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Emerging Markets Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Global Small Cap Portfolio</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>A-3</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=23,FOLIO='A-3',FILE='07-6945-2.ca',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;International Focus Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Large Cap Value Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Mid-Cap Growth Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Small Cap Growth Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Small Cap Value Portfolio</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Closed-End Funds:</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse High Yield Bond Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Asset Management Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Chile Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Emerging Markets Telecommunications Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The First Israel Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Indonesia Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Latin America Equity Fund</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>A-4</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=24,FOLIO='A-4',FILE='07-6945-2.ca',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 07-6945-2.da-->
<p><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>APPENDIX B</b></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>AUDIT COMMITTEE CHARTER</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">This document serves as the Charter for the Audit Committee (the "Committee") of the Board of Directors/Trustees (the "Board") of each fund (the "Fund") advised by Credit Suisse Asset Management, LLC ("Credit Suisse") listed on Appendix A hereto (each such Charter being a separate Charter).</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Purpose</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The primary purposes of the Committee are to:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;assist Board oversight of</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;1.&nbsp;&nbsp;the integrity of the Fund's financial statements</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;2.&nbsp;&nbsp;the independent auditor's qualifications and independence</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;3.&nbsp;&nbsp;the performance of the Fund's independent auditors</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;4.&nbsp;&nbsp;the Fund's compliance with legal and regulatory requirements</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;prepare an audit committee report, if required by the SEC, to be included in the Fund's annual proxy statement, if any;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;oversee the scope of the annual audit of the Fund's financial statements, the quality and objectivity of the Fund's financial statements, the Fund's accounting and financial reporting policies and practices and its internal controls relating thereto;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;determine the selection, appointment, retention and termination of the Fund's independent auditors, as well as approving the compensation of the auditors;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;pre-approve all audit and non-audit services provided to the Fund and certain other persons (as described in 2(b) below) by such independent auditors; and</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&#149;&nbsp;&nbsp;act as a liaison between the Fund's independent auditors and the Board.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Fund's independent auditors shall report directly to the Committee.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The primary function of the Committee is oversight. The Fund's management is responsible for (i) the preparation, presentation and integrity of the Fund's financial statements, (ii) the maintenance of appropriate accounting and financial reporting principles and policies and (iii) the maintenance of internal controls and procedures designed to assure compliance with accounting standards and applicable laws and regulations.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The independent auditors are responsible for planning and carrying out proper audits and reviews in accordance with generally accepted auditing standards.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">In fulfilling their responsibilities hereunder, it is recognized that members of the Committee are not full-time employees of the Fund. As such, it is not the duty or responsibility of the Committee or its members to conduct "field work" or other types of auditing or accounting reviews or procedures or to set auditor independence standards. Each member of the Committee shall be entitled to rely on (i) the integrity of those persons and organizations within and outside the Fund from which it receives information, (ii) the accuracy of the financial and other information provided to the Committee by such persons and organizations absent actual knowledge to the contrary (which shall be </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-1</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=25,FOLIO='B-1',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">promptly reported to the Fund's Board) and (iii) statements made by the officers and employees of the Fund, Credit Suisse or other third parties as to any information technology, internal audit and other non-audit services provided by the independent auditors to the Fund. In addition, the evaluation of the Fund's financial statements by the Committee is not of the same scope as, and does not involve the extent of detail as, audits performed by the independent auditors, nor does the Committee's evaluation substitute for the responsibilities of the Fund's management for preparing, or the independent auditors for auditing, the financial statements.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Composition and Qualifications</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(a)&nbsp;&nbsp;The Committee shall consist of at least three Board members none of whom is an "interested person," as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended (the "Independent Board Members"), each of whom shall be financially literate and able to read and understand fundamental financial statements, including the Fund's balance sheet, income statement and cash flow statement, and at least one of whom shall have accounting or related financial management expertise as determined by the Fund's Board in its business judgment. Each member of the Committee must also meet the New York Stock Exchange's independence requirements for audit committee members of listed companies and the independence requirements applicable to investment companies set forth in Rule 10A-3 under the Securities Exchange Act of 1934, as amended. If one or more members of the Committee qualify as an "audit commit
tee financial expert" ("ACFE"), within the meaning of the rules adopted and implemented under Section 407 of the Sarbanes-Oxley Act of 2002, at least one such member shall be designated as the Committee's ACFE. The Committee shall elect a chairperson, who shall preside over Committee meetings (the "Chairperson"). The Chairperson shall serve as such until his successor is selected by the Committee.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The designation of a person as an ACFE shall not impose any greater responsibility or liability on that person than the responsibility and liability imposed on such person as a member of the Committee, nor does it decrease the duties and obligations of other Committee members or the Board.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;With respect to any subsequent changes to the composition of the Committee, and otherwise approximately once each year, the Board of Directors shall determine:</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(i)&nbsp;&nbsp;that each member of the Audit Committee is "independent" pursuant to the governance standards of the New York Stock Exchange ("NYSE") or applicable law or, in the case of a Fund whose securities are listed on the American Stock Exchange ("AMEX"), pursuant to the governance standards of the AMEX;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(ii)&nbsp;&nbsp;that each Audit Committee member is financially literate and able to read and understand fundamental financial statements, including the Fund's balance sheet, income statement and cash flow statement;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(iii)&nbsp;&nbsp;that at least one of the Committee members has accounting or related financial management expertise and, for a Fund whose securities are listed on the AMEX, is "financially sophisticated" pursuant to AMEX rules; and</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(iv)&nbsp;&nbsp;the adequacy of the Charter.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Duties and Powers</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">1.&nbsp;&nbsp;To carry out its purposes, the Committee shall have the following duties and powers to be exercised at such times and in such manner as the Committee shall deem necessary or appropriate: (a) to determine, and recommend to the Independent Board Members for their ratification and approval, the selection, appointment, compensation, </font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-2</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=26,FOLIO='B-2',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">retention and termination of the Fund's independent auditors (or any other public accounting firm engaged for the purposes of performing other audit, review or attest services for the Fund);</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;to resolve any disagreements between management and the independent auditors regarding financial reporting and to evaluate and accept the determination of independence made by the independent auditors;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(c)&nbsp;&nbsp;to pre-approve (i) all audit and permissible non-audit services<sup>1</sup> to be provided by the independent auditors to the Fund, and (ii) all permissible non-audit services to be provided by the independent auditors to Credit Suisse and any service provider to the Fund controlling, controlled by or under common control with Credit Suisse that provides ongoing services to the Fund ("Covered Services Provider"), if the engagement relates directly to the operations and financial reporting of the Fund. The Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Committee, and the Chairperson shall report to the Committee, at its next regularly scheduled meeting after the Chairperson's pre-approval of such services, his or her decision(s). The Committee may also establish detailed pre-approval policies and procedures for pre-approval of such
 services in accordance with applicable laws, including the delegation of some or all of the Committee's pre-approval responsibilities to other persons (other than Credit Suisse or the Fund's officers);</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(d)&nbsp;&nbsp;to meet with the Fund's independent auditors, including meetings apart from management, on a regular basis: (i) to review the arrangements for and scope of the proposed annual audit and any special audits; (ii) to review the scope of and approve non-audit services being provided and proposed to be provided; (iii) to discuss any matters of importance relating to the Fund's financial statements, including any adjustments to such statements recommended by the independent auditors, or other results of said audits; (iv) to consider the independent auditor's comments communicated to the Committee with respect to the Fund's financial policies, procedures and internal accounting controls and management's responses thereto; (v) to obtain annually in writing from the independent auditors their letter as to the adequacy of such controls as required by Form N-CSR; (vi) to review the form of report the independent auditors prop
ose to render to the Board and shareholders; (vii) to discuss with the independent auditors any disclosed relationships or services that may diminish the objectivity and independence of the independent auditors, and (viii) receive reports at least annually from the independent auditors regarding their independence (including receiving the independent auditors' specific representations as to independence consistent with current statements of the Independence Standards Board), and discuss such reports with the independent auditors, and, if so determined by the Committee, recommend that the Board take appropriate action to ensure the independence of the independent auditors;</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="1">1 &nbsp;&nbsp;The Committee is responsible for pre-approving (i) all audit and permissible non-audit services to be provided by the independent auditors to the Fund and (ii) all permissible non-audit services to be provided by the independent auditors to Credit Suisse and any service provider to the Fund controlling, controlled by or under common control with Credit Suisse that provided ongoing services to the Fund ("Covered Services Provider") if the engagement relates directly to the operations and financial reporting of the registrant.  The Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Committee, and the Chairperson shall report to the Committee, at its next regularly scheduled meeting after the Chairperson's pre-approval of such services, his or her decision(s).  The Committee may also establish detailed pre-approval policies and procedure
s for pre-approval of such services in accordance with applicable laws, including the delegation of some or all of the Committee's pre-approval responsibilities to other persons (other than Credit Suisse or the Fund's officers).  Pre-approval by the Committee of any permissible non-audit services shall not be required so long as: (i) the aggregate amount of all such permissible non-audit services provided to the Fund, Credit Suisse and any Covered Services Provider constitutes not more than 5% of the total amount of revenues paid by the registrant to its independent auditors during the fiscal year in which the permissible non-audit services are provided; (ii) the permissible non-audit services were not recognized by the registrant at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Committee and approved by the Committee (or its delegate(s)) prior to the completion of the audit.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-3</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=27,FOLIO='B-3',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(e)&nbsp;&nbsp;to review with the Fund's management and independent auditors: (i) critical accounting policies and practices applied by the Fund and communicated to the Committee by the independent auditors and/or management in preparing its financial statements; (ii) alternative treatments within generally accepted accounting principles for policies and practices related to material items that have been discussed with management communicated to the Committee; (iii) other material written communications between the independent auditors and the Fund, including any management letter, report on observations and recommendations on internal controls, report of any unadjusted differences (including a listing of adjustments and reclassifications not recorded, if any) communicated to the Committee, engagement letter and independence letter; and (iv) any audit problems or difficulties and management's response, including any restrictions 
on the scope of the auditor's activities or on access to requested information, and any significant disagreements with management;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(f)&nbsp;&nbsp;to consider and evaluate the effect upon the Fund of significant changes in accounting principles, practices, controls or procedures proposed or contemplated by management or the independent auditors;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(g)&nbsp;&nbsp;to review with management in a general manner, but not assume responsibility for, the Fund's processes with respect to risk assessment and risk management, and the steps taken to monitor and control such risks and exposures;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(h)&nbsp;&nbsp;to discuss generally the types of information to be disclosed in press releases concerning dividends, as well as financial information provided to analysts and rating agencies, and the type of presentation to be made;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(i)&nbsp;&nbsp;to establish procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls or auditing matters, including procedures for the confidential, anonymous submission by employees of the Fund and its service providers (as and to the extent required with respect to service providers by applicable rules, regulations or listing requirements or otherwise deemed advisable) of concerns regarding questionable accounting or auditing matters pertaining to the Fund;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(j)&nbsp;&nbsp;to establish policies governing the hiring by entities within the Fund's investment company complex of employees or former employees of the independent auditors consistent with government regulations;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(k)&nbsp;&nbsp;at least annually, to obtain and review a report by the Fund's independent auditors describing: (1) the audit firm's internal quality-control procedures; (2) any material issues raised by the most recent internal quality-control review, or peer review, of the firm, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years, respecting one or more independent audits carried out by the audit firm, and any steps taken to deal with any such issues; and (3) for the purpose of assessing the auditor's independence, all relationships between the independent auditors and the Fund, as well as Credit Suisse and any Covered Services Provider;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(l)&nbsp;&nbsp;to review and evaluate the qualifications, performance and independence of the lead audit partner of the independent auditors on the Fund's engagement;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(m)&nbsp;&nbsp;to oversee the regular rotation of such lead audit partner and the reviewing partner, and to consider whether there should be a regular rotation of the audit firm itself;</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(n)&nbsp;&nbsp;to review and discuss the Fund's audited and unaudited financial statements with management and, in the case of the audited financials, the independent auditor, including the Fund's disclosure of management's discussion of Fund performance, and to recommend to the Board, as appropriate, the inclusion of the Fund's audited financial statements in the Fund's annual report;</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-4</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=28,FOLIO='B-4',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(o)&nbsp;&nbsp;to report regularly to the full Board any issues that arise with respect to: (1) the quality or integrity of the Fund's financial statements, (2) the Fund's compliance with legal or regulatory requirements and (3) the performance and independence of the Fund's independent auditors, and make such recommendations with respect to the matters within the scope of its authority and other matters, as the Committee may deem necessary or appropriate; and</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(p)&nbsp;&nbsp;to meet periodically with Fund management on all relevant matters, apart from the Fund's independent auditors.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">2.&nbsp;&nbsp;The Committee shall meet as frequently as necessary to carry out its obligations, but not less frequently than twice a year, and shall hold special meetings as circumstances require. A majority of the total number of members of the Committee shall constitute a quorum of the Committee. A majority of the members of the Committee present shall be empowered to act on behalf of the Committee. The Committee shall regularly meet (typically, on the same day as regular Committee meetings), in separate executive sessions, with representatives of the Fund's management, the Fund's independent auditors and the Fund's other service providers as the members of the Committee deem necessary. Members of the Committee may participate in a meeting of the Committee in person or by means of a conference call or similar communications equipment by means of which all persons participating in the meeting can hear each other.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">3.&nbsp;&nbsp;The Committee shall have the resources and authority appropriate to discharge its responsibilities, including the authority to retain, as it deems necessary to carry out its duties, special counsel and other experts or consultants at the expense of the Fund. The Fund shall provide appropriate funding for the Committee to carry out its duties and its responsibilities, including appropriate funding, as determined by the Committee (a) for payment of compensation to the Fund's independent auditors or other public accounting firm providing audit, review or attest services for the Fund, (b) for payment of compensation to any advisors employed by the Committee and (c) for the ordinary administrative expenses of the Committee that are necessary or appropriate in carrying out its duties. In performing its duties, the Committee shall consult as it deems appropriate with the members of the Board, officers and employees of the Fund, Credit
 Suisse, the Fund's sub-advisor(s), if any, the Fund's counsel and the Fund's other service providers.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">4.&nbsp;&nbsp;The Committee shall evaluate its performance under this Charter annually.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">5.&nbsp;&nbsp;The Committee shall review the adequacy of this Charter at least annually and recommend any changes to the full Board. The Board also shall review and approve this Charter at least annually.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">6.&nbsp;&nbsp;This Charter may be altered, amended or repealed, or a new Charter may be adopted, by the Board by the affirmative vote of a majority of all of the members of the Board, including a majority of the "non-interested" Board members (within the meaning of the Investment Company Act of 1940, as amended).</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">7.&nbsp;&nbsp;The Chief Executive Officer (the "CEO") and the Chief Financial Officer of each Fund shall certify to the Audit Committee of each Fund annually that he is not aware of any violation by the Fund of any corporate governance standards or policies to which the Fund is subject. In addition, the CEO of the Fund must promptly notify the relevant Audit Committee in writing after any executive officer of the Fund becomes aware of any material non-compliance with any applicable corporate governance listing standard or policy.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">8.&nbsp;&nbsp;FOR CLOSED-END FUNDS ONLY. (a) Each Fund whose securities are listed on the NYSE shall provide the NYSE, with respect to any subsequent changes to the composition of the Audit Committee or otherwise approximately once each year, written confirmation of the determinations required by Section 1(b) above insofar as Section 1(b) relates to NYSE requirements.</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-5</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=29,FOLIO='B-5',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(b)&nbsp;&nbsp;The CEO of each Fund whose securities are listed on the NYSE shall certify to the NYSE annually that he is not aware of any violation by the Fund of the NYSE corporate governance listing standards and such certification shall be included in the Fund's annual report to shareholders. If the CEO of any such Fund provides notice to the NYSE upon receipt of a report by any executive officer of any material non-compliance with any applicable provisions of the NYSE corporate governance listing standards, copies of any such certification or notice shall be provided to the Audit Committee of the relevant Fund.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;(c)&nbsp;&nbsp;If a Fund whose securities are listed on the AMEX provides the AMEX notice upon receipt of a report by an executive officer of any material non-compliance with the requirements of Rule 10A-3 under the Securities Exchange Act of 1934 relating to audit committees, copies of any such notice shall be provided to the Audit Committee of the relevant Fund.</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Adopted: Effective May 17, 2006</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-6</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=30,FOLIO='B-6',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="132" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Meeting</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Audit Committee Action</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Full Board Action</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="132" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>1st Quarter meeting<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1">(covering 4th Quarter results)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 12/31 year end Funds: discuss results of audit [1(e)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 12/31 year end Funds: review financial statements and recommend to full boards that they be included in each respective annual report to shareholders [1(n)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 12/31 year end Funds: Obtain auditor letter as to adequacy of internal controls [1(d)]</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All closed-end Funds: determine ability of Audit Committee Members to serve on multiple Audit Committees<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: Audit Committee Members, determine independence and financial literacy of all, and financial expertise of at least one. [Composition and<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Qualifications (b)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 12/31 year end Funds: review financial statements and approve inclusion in each respective annual report to shareholders [1(n)]</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-7</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=31,FOLIO='B-7',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="132" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Meeting</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Audit Committee Action</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Full Board Action</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="132" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>2nd Quarter meeting<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1">(covering 1st Quarter results)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: undertake annual review of the adequacy of the Audit Committee<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">Charter [5]</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: review adequacy of Audit Committee Charter and approve any changes to Audit Committee Charter recommended by Audit Committees [Composition and Qualifications (b)]</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-8</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=32,FOLIO='B-8',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="132" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Meeting</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Audit Committee Action</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Full Board Action</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="132" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>3nd Quarter meeting<BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1">(covering 2nd Quarter results)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; N/A</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; N/A</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-9</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=33,FOLIO='B-9',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="3" width="132" align="left" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Meeting</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Audit Committee Action</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="center" valign="bottom" style="border:none; border-bottom:solid windowtext 1pt;padding:0pt .7pt 0pt 0pt;">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Full Board Action</b></font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="3" width="132" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>4th Quarter meeting <BR></b></font><font face="Times New Roman PS, Times New Roman, Times" size="1">(covering 3rd Quarter results)</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: presentation of proposed scope of audit [1(d)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: discuss audit fees, non-audit services and engagement letters [1(c)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: approve independent auditors <BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: Review auditor report on audit firm's internal quality-control procedures, material issues, performance and independence [1(k)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; All Funds: Audit Committee self-evaluation [4]</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" valign="top">
&nbsp;</td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
<tr>
<td colspan="3" width="132" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1"><b>Special Telephonic Meeting</b></font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="593" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 10/31 year end Funds: discuss results of audit [1(e)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 10/31 year end Funds: review financial statements and recommend to full board that they be included in the annual report to shareholders [1(n)]<BR></font><font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 10/31 year end Funds: Obtain auditor letter as to adequacy of internal controls [1(d)]</font></td>
<td colspan="1">&nbsp;</td>
<td colspan="3" width="701" align="left" valign="top">
<font face="Times New Roman PS, Times New Roman, Times" size="1">&#149; 10/31 year end Funds: review financial statements and approve inclusion in the respective annual report to shareholders [1(n)]</font></td>
<td colspan="1">&nbsp;</td>
</tr>
<tr height="8"><td colspan="12" height="8"></td></tr>
</table>

<p>&nbsp;</p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"> B-10</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=34,FOLIO='B-10',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>APPENDIX A</b></font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Open-End Funds:</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Capital Appreciation Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Capital Funds</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Large Cap Value Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Small Cap Value Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Long-Short Market Neutral Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Total Return Global Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse U.S. Multi-Cap Research Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Commodity Return Strategy Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Emerging Markets Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global Small Cap Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Capital Appreciation Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;International Focus Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Investment Grade Fixed Income Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Large Cap Value Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse International Focus Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Japan Equity Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Mid-Cap Growth Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse New York Municipal Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Opportunity Funds</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse High Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Conservative</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Moderate</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Credit Suisse Strategic Allocation Fund &#150; Aggressive</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Small Cap Growth Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Target Return Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Cash Reserve Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Global High Yield Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Fixed Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Institutional Money Market Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Government Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Prime Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Large Cap Blend Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Short Duration Bond Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Trust</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Blue Chip Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Commodity Return Strategy Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Emerging Markets Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Global Small Cap Portfolio</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-11</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=35,FOLIO='B-11',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;International Focus Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Large Cap Value Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Mid-Cap Growth Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Small Cap Growth Portfolio</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">&nbsp;&nbsp;Small Cap Value Portfolio</font></p>
<p align="left"><font face="Times New Roman PS, Times New Roman, Times" size="2"><b>Closed-End Funds:</b></font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse High Yield Bond Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">Credit Suisse Asset Management Income Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Chile Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Emerging Markets Telecommunications Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The First Israel Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Indonesia Fund</font></p>
<p><font face="Times New Roman PS, Times New Roman, Times" size="2">The Latin America Equity Fund</font></p>
<p align="center"><font size="2" face="Times New Roman PS, Times New Roman, Times"><br>B-12</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=36,FOLIO='B-12',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2">(This page has been left blank intentionally.)</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=37,FOLIO='',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2">(This page has been left blank intentionally.)</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=38,FOLIO='',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2">(This page has been left blank intentionally.)</font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=39,FOLIO='',FILE='07-6945-2.da',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<!-- Document name: 07-6945-2.za-->
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>THE CHILE FUND, INC.<BR>THE FIRST ISRAEL FUND, INC.<BR>THE LATIN AMERICA EQUITY FUND, INC.<BR>THE INDONESIA FUND, INC.</i></font></p>
<p align="center"><font face="Times New Roman PS, Times New Roman, Times" size="2"><i>April 26, 2007</i></font></p>
<hr size="3" width="100%" noshade color="gray" align="center">
<!-- SEQ.=40,FOLIO='',FILE='07-6945-2.za',USER='sholt',CD='Mar 05 20:53 2007' -->
<br clear="all" style="page-break-before:always;">


<br clear="all" style="page-break-before:always;">
<div>


<p style="margin:0pt 0pt 60.0pt 50.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The First Israel Fund, Inc. </font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Using a <b><u style="font-weight:bold;">black ink</u></b> pen,
  mark your votes with an X as
  shown in</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="54%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:54.52%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">this example. Please do
  not write outside the designated areas.</font></p>
  </td>
  <td width="3%" style="border:solid windowtext 1.0pt;border-left:none;padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;"><br>
  </font>X</p>
  </td>
  <td width="42%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.28%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Annual
Meeting Proxy Card</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">IF YOU HAVE NOT VOTED VIA THE INTERNET
OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION
IN THE ENCLOSED ENVELOPE.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">A</font></b><font size="3" style="font-size:12.0pt;">&#160; </font><b>Proposals &#151; The Board of Directors of the Fund recommends
a vote &#147;FOR&#148; the nominees named below.</b></p>

<p style="margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1. Election of
Directors</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">01 - Philip Goldstein</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">02 - Lawrence J. Fox</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:60.0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">B&#160; </font>Non-Voting Items</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Change of Address </font></b>&#151; Please print your new address below.</p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="659" valign="top" style="border:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:494.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  </font><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:30.0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">C&#160; </font>Authorized Signatures &#151; This
section must be completed for your vote to be counted. &#151; Date and Sign Below</b></p>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Please sign exactly as name appears hereon.&#160; When shares are held by joint tenants, both
should sign.&#160; When signing as attorney,
executor, administrator, trustee or guardian, please give full title as
such.&#160; If a corporation, please sign in
full corporate name by president or other authorized officer.&#160; If a partnership, please sign in partnership
name by authorized person.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Signature 1 - Please keep signature
  within the box</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Signature 2 - Please keep signature within the box</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date (mm/dd/yyyy)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204822504_P66112CHE_1802959\6945-1-bg-03.htm',USER='jmsproofassembler',CD='Mar  3 00:48 2007' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt 24.0pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 300.0pt 30.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Proxy &#151; The First Israel Fund, Inc. </font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:12.0pt 325.3pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Eleven
Madison Avenue<br>
24th Floor<br>
New York, New York 10010</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS
PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby appoint
J. Kevin Gao and Karen Regan, each with the power of substitution, as proxies
for the undersigned to vote the shares of The First Israel Fund, Inc. (the &#147;Fund&#148;)
as to which I am entitled to vote, as shown below, at the Annual Meeting of
Shareholders of the Fund (the &#147;Meeting&#148;) to be held on April 26, 2007 at 2:30
p.m., Eastern time, at the offices of the Fund, Eleven Madison Avenue, 24th
Floor, New York, New York 10010, and any adjournments thereof.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This proxy when
properly executed will be voted in the manner directed therein by the
undersigned shareholder. If no direction is made, this proxy will be voted as
recommended by the Board of Directors in favor of the Board&#146;s nominees for
Director named on the reverse side.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS, POSTPONEMENTS,
CONTINUATIONS OR RESCHEDULINGS THEREOF.</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PLEASE
VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204822504_P66112CHE_1802959\6945-1-bg-03.htm',USER='jmsproofassembler',CD='Mar  3 00:48 2007' -->



<br clear="all" style="page-break-before:always;">
<div>


<p style="margin:0pt 0pt 60.0pt 50.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Chile Fund, Inc.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Using a <b><u style="font-weight:bold;">black ink</u></b> pen,
  mark your votes with an X as
  shown in</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="54%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:54.52%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">this example. Please do
  not write outside the designated areas.</font></p>
  </td>
  <td width="3%" style="border:solid windowtext 1.0pt;border-left:none;padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;"><br>
  </font>X</p>
  </td>
  <td width="42%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.28%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Annual
Meeting Proxy Card</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">IF YOU HAVE NOT VOTED VIA THE INTERNET
OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION
IN THE ENCLOSED ENVELOPE.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">A</font></b><font size="3" style="font-size:12.0pt;">&#160; </font><b>Proposals &#151; The Board of Directors of the Fund
unanimously recommends a vote &#147;FOR&#148; the nominees named below.</b></p>

<p style="margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1. Election of
Directors</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">01 - Lawrence J. Fox</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">02 - Martin M. Torino</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">03 - Lawrence D. Haber</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(two-year term)</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:60.0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">B&#160; </font>Non-Voting Items</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Change of Address </font></b>&#151; Please print your new address below.</p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="659" valign="top" style="border:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:494.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  </font><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:30.0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">C&#160; </font>Authorized Signatures &#151; This
section must be completed for your vote to be counted. &#151; Date and Sign Below</b></p>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Please sign exactly as name appears hereon.&#160; When shares are held by joint tenants, both
should sign.&#160; When signing as attorney,
executor, administrator, trustee or guardian, please give full title as such.&#160; If a corporation, please sign in full
corporate name by president or other authorized officer.&#160; If a partnership, please sign in partnership
name by authorized person.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Signature 1 - Please keep signature
  within the box</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Signature 2 - Please keep signature within the box</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date (mm/dd/yyyy)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204642555_P66112CHE_1802959\6945-1-bg-01.htm',USER='jmsproofassembler',CD='Mar  3 00:46 2007' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt 24.0pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 300.0pt 30.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Proxy &#151; The Chile Fund, Inc.</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:12.0pt 325.3pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Eleven
Madison Avenue<br>
24th Floor<br>
New York, New York 10010</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS
PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby appoint
J. Kevin Gao and Karen Regan, each with the power of substitution, as proxies
for the undersigned to vote the shares of The Chile Fund, Inc. (the &#147;Fund&#148;) as
to which I am entitled to vote, as shown below, at the Annual Meeting of
Shareholders of the Fund (the &#147;Meeting&#148;) to be held on April 26, 2007 at 3:30
p.m., Eastern time, at the offices of the Fund, Eleven Madison Avenue, 24th
Floor, New York, New York 10010, and any adjournments thereof.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This proxy when
properly executed will be voted in the manner directed therein by the
undersigned shareholder. If no direction is made, this proxy will be voted as
recommended by the Board of Directors in favor of the Board&#146;s nominees for
Director named on the reverse side.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS, POSTPONEMENTS,
CONTINUATIONS OR RESCHEDULINGS THEREOF.</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PLEASE
VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- 2 -</font></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204642555_P66112CHE_1802959\6945-1-bg-01.htm',USER='jmsproofassembler',CD='Mar  3 00:46 2007' -->



<br clear="all" style="page-break-before:always;">
<div>


<p style="margin:0pt 0pt 60.0pt 50.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Latin America
Equity Fund, Inc.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr style="page-break-inside:avoid;">
  <td width="672" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:504.1pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Using a <b><u style="font-weight:bold;">black ink</u></b> pen,
  mark your votes with an X as
  shown in</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="366" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:274.8pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">this example. Please do
  not write outside the designated areas.</font></p>
  </td>
  <td width="22" style="border:solid windowtext 1.0pt;border-left:none;padding:0pt .7pt 0pt 0pt;width:16.2pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;"><br>
  </font>X</p>
  </td>
  <td width="284" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:213.1pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Annual Meeting Proxy Card</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">IF YOU HAVE NOT VOTED VIA THE INTERNET OR TELEPHONE, FOLD
ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED
ENVELOPE.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">A&#160; </font></b><b>Proposals &#151; The Board of
Directors of the Fund unanimously recommends a vote &#147;FOR&#148; the nominees named
below.</b></p>

<p style="margin:0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1. Election of
Directors</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="123" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlNoTableShading --><!-- SET mrlHTMLTableLeft --></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.9pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="66" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.1pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.45pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86" valign="top" style="padding:0pt .7pt 0pt 0pt;width:64.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.75pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.45pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="123" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">01 - Martin M. Torino</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.9pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="66" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">02 - Lawrence D. Haber</font></p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.1pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.45pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86" valign="top" style="padding:0pt .7pt 0pt 0pt;width:64.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.75pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.45pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="123" valign="top" style="padding:0pt .7pt 0pt 0pt;width:92.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:5.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.9pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="66" valign="top" style="padding:0pt .7pt 0pt 0pt;width:49.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="134" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="15" valign="top" style="padding:0pt .7pt 0pt 0pt;width:11.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.1pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="53" valign="top" style="padding:0pt .7pt 0pt 0pt;width:39.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="10" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="86" valign="top" style="padding:0pt .7pt 0pt 0pt;width:64.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6" valign="top" style="padding:0pt .7pt 0pt 0pt;width:4.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0pt .7pt 0pt 0pt;width:24.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:60.0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">B &#160;</font></b><b>Non-Voting Items</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Change
of Address </font></b>&#151; Please print your new address below.</p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="659" valign="top" style="border:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:494.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br>
  </font><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:30.0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">C</font></b>&#160; <b>Authorized Signatures &#151; This section
must be completed for your vote to be counted. &#151; Date and Sign Below</b></p>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Please sign exactly as name appears hereon.&#160; When shares are held by joint tenants, both
should sign.&#160; When signing as attorney,
executor, administrator, trustee or guardian, please give full title as
such.&#160; If a corporation, please sign in
full corporate name by president or other authorized officer.&#160; If a partnership, please sign in partnership
name by authorized person.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Signature 1 - Please keep signature
  within the box</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Signature 2 - Please keep signature within the box</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date (mm/dd/yyyy)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\62049119_P66112CHE_1802959\6945-1-bg-05.htm',USER='jmsproofassembler',CD='Mar  3 00:49 2007' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt 24.0pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 300.0pt 30.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Proxy &#150; The Latin America Equity
Fund, Inc.</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 325.3pt 8.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0pt 325.3pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Eleven
Madison Avenue<br>
24th Floor<br>
New York, New York 10010</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS
PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby appoint
J. Kevin Gao and Karen Regan, each with the power of substitution, as proxies
for the undersigned to vote the shares of The Latin America Equity Fund, Inc.
(the &#147;Fund&#148;) as to which I am entitled to vote, as shown below, at the Annual
Meeting of Shareholders of the Fund (the &#147;Meeting&#148;) to be held on April 26,
2007 at 4:00 p.m., Eastern time, at the offices of the Fund, Eleven Madison
Avenue, 24th Floor, New York, New York 10010, and any adjournments thereof. </font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This proxy when
properly executed will be voted in the manner directed therein by the
undersigned shareholder. If no direction is made, this proxy will be voted as
recommended by the Board of Directors in favor of the Board&#146;s nominees for
Director named on the reverse side.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS, POSTPONEMENTS,
CONTINUATIONS OR RESCHEDULINGS THEREOF.</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PLEASE
VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- 2 -</font></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\62049119_P66112CHE_1802959\6945-1-bg-05.htm',USER='jmsproofassembler',CD='Mar  3 00:49 2007' -->



<br clear="all" style="page-break-before:always;">
<div>


<p style="margin:0pt 0pt 60.0pt 50.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Indonesia Fund, Inc.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Using a <b><u style="font-weight:bold;">black ink</u></b> pen,
  mark your votes with an X as
  shown in</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="54%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:54.52%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">this example. Please do
  not write outside the designated areas.</font></p>
  </td>
  <td width="3%" style="border:solid windowtext 1.0pt;border-left:none;padding:0pt .7pt 0pt 0pt;width:3.22%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;"><br>
  </font>X</p>
  </td>
  <td width="42%" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.28%;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Annual
Meeting Proxy Card</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">IF YOU HAVE NOT VOTED VIA THE INTERNET
OR TELEPHONE, FOLD ALONG THE PERFORATION, DETACH AND RETURN THE BOTTOM PORTION
IN THE ENCLOSED ENVELOPE.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">A
</font></b><b><font style="font-weight:bold;">&#160;</font>Proposals &#151; The Board of Directors of
the Fund unanimously recommends a vote &#147;FOR&#148; the nominee named below.</b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1. Election of
Directors</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">For</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Withhold</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">01 - James J. Cattano</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">[ ]</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="102" valign="top" style="padding:0pt .7pt 0pt 0pt;width:76.4pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(three-year term)</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:8.65pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="56" valign="top" style="padding:0pt .7pt 0pt 0pt;width:42.35pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="101" valign="top" style="padding:0pt .7pt 0pt 0pt;width:75.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="top" style="padding:0pt .7pt 0pt 0pt;width:13.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="top" style="padding:0pt .7pt 0pt 0pt;width:22.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:10.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="top" style="padding:0pt .7pt 0pt 0pt;width:37.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="13" valign="top" style="padding:0pt .7pt 0pt 0pt;width:9.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="114" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.45pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="top" style="padding:0pt .7pt 0pt 0pt;width:7.95pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.15pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="top" style="padding:0pt .7pt 0pt 0pt;width:6.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.25pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:60.0pt 0pt 6.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">B</font></b><b><font style="font-weight:bold;">  </font>Non-Voting Items</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Change of Address </font></b>&#151; Please print your new address below.</p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="659" valign="top" style="border:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:494.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:5.0pt;"><br><br></font></p>
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --></p>
  </td>
 </tr>
</table>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:30.0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">C</font></b><b><font style="font-weight:bold;"> &#160;</font>Authorized Signatures &#151; This section
must be completed for your vote to be counted. &#151; Date and Sign Below</b></p>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Please sign exactly as name appears hereon.&#160; When shares are held by joint tenants, both
should sign.&#160; When signing as attorney,
executor, administrator, trustee or guardian, please give full title as
such.&#160; If a corporation, please sign in
full corporate name by president or other authorized officer.&#160; If a partnership, please sign in partnership
name by authorized person.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;margin-left:10.0pt;">
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"><!-- SET mrlHTMLTableLeft --><!-- SET mrlNoTableShading --><font size="1" style="font-size:8.0pt;">Signature 1 - Please keep signature
  within the box</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Signature 2 - Please keep signature within the box</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date (mm/dd/yyyy)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="224" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:168.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="26" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="230" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:172.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="top" style="padding:0pt .7pt 0pt 0pt;width:18.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="148" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:110.75pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>


<br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204944270_P66112CHE_1802959\6945-1-bg-07.htm',USER='jmsproofassembler',CD='Mar  3 00:49 2007' -->
<br clear="all" style="page-break-before:always;">
 <p style="margin:0pt 0pt 24.0pt;text-align:center;"></p>


<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&nbsp;</font></p>

<p style="margin:0pt 0pt 300.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid windowtext 1.5pt;padding:1.0pt 0pt 0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0pt 0pt .0001pt 10.0pt;text-autospace:none;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Proxy &#151; The Indonesia Fund, Inc.</font></b></p>

<div style="border:none;border-bottom:solid windowtext 1.5pt;padding:0pt 0pt 1.0pt 0pt;">

<p style="border:none;margin:0pt 0pt .0001pt;padding:0pt;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:5.0pt;">&nbsp;</font></p>

</div>

<p style="margin:10.0pt 325.3pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Eleven
Madison Avenue<br>
24th Floor<br>
New York, New York 10010</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS
PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby appoint
J. Kevin Gao and Karen Regan, each with the power of substitution, as proxies
for the undersigned to vote the shares of The Indonesia Fund, Inc. (the &#147;Fund&#148;)
as to which I am entitled to vote, as shown below, at the Annual Meeting of
Shareholders of the Fund (the &#147;Meeting&#148;) to be held on April 26, 2007 at 4:30
p.m., Eastern time, at the offices of the Fund, Eleven Madison Avenue, 24th
Floor, New York, New York 10010, and any adjournment thereof.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This proxy when
properly executed will be voted in the manner directed therein by the
undersigned shareholder. If no direction is made, this proxy will be voted as
recommended by the Board of Directors in favor of the Board&#146;s nominee for
Director named on the reverse side.</font></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN
THEIR DISCRETION, THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS
AS MAY PROPERLY BE PRESENTED TO THE MEETING OR ANY ADJOURNMENTS, POSTPONEMENTS,
CONTINUATIONS OR RESCHEDULINGS THEREOF.</font></b></p>

<p style="margin:0pt 0pt 12.0pt 10.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PLEASE
VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.</font></b></p>



</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\Fc\6204944270_P66112CHE_1802959\6945-1-bg-07.htm',USER='jmsproofassembler',CD='Mar  3 00:49 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>j0769452_ba001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 j0769452_ba001.jpg
M_]C_X``02D9)1@`!`0$`2`!(``#_[0`L4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``2`````$``0!(`````0`!_]L`0P`!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M_]L`0P$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!_\``$0@`(@#F`P$B``(1`0,1`?_$
M`!\```$%`0$!`0$!```````````!`@,$!08'"`D*"__$`+40``(!`P,"!`,%
M!00$```!?0$"`P`$$042(3%!!A-180<B<10R@9&A""-"L<$54M'P)#-B<H()
M"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T
M=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%
MQL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY^O_$`!\!``,!`0$!
M`0$!`0$````````!`@,$!08'"`D*"__$`+41``(!`@0$`P0'!00$``$"=P`!
M`@,1!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:
M)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#
MA(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3
MU-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:``P#`0`"$0,1`#\`_OXHHHH`
M****`"BBB@`HHHH`****`"BBO'_BWHWQE\5Z=)X.^%?BSP_\*[;Q%X?U*WUC
MXT-;0>+OB%\/M13Q5X"@BA^''PN\0^&;SX=Z]X@U[X=WGQ6E\/\`Q"^(?B'5
MO"OPF^)FB?#'6/$GP!_:/\$ZSXQ\$Z>`>@>)O%GA7P7IUMK'C'Q-X?\`">D7
MGB#PGX3L]4\3:SIV@Z==>*O'OBK1O`O@7PS;7VJ7-K;3^(/&GC;Q'X>\'>$]
M&BE;4?$?BK7=&\/:/;7FKZI8V<_G]S\6-1NO"NC>,?!7P>^,'CW2/$7P?\3?
M%C1+.VT3PK\,_%4^HZ7IWA/5/"'P>UGP+\?_`!E\'O&W@CXP?%"V\37T7AG1
M/B#X>\)^%?!>H^"_%FC_`!R\9?"+5U\.6/B/H-"^%O@3P_K&G^)K;0O[5\6Z
M/_PM*#0_&WB[4]8\=^._#^C_`!H\=Z9\2?B3X1\.^.?&VH>(/%OA_P"'_B#Q
M;X?\)W,'PZT;6;'P)X?T?P)\.O"?AGP[H_A+X<^!M#\/\_\`%O4-.U[3I/@S
M8ZKX?G\;?%'P_J2CP8WQK\5?`_XA7GP:M?%7@+P/\>/B/\./%OPVM;_XK:3X
M@^%/A;XGZ7J/A_Q!X%3PY/9_$S7OACX8O/B=\)+GQII/Q#T(`]@HKG_$WBSP
MKX+TZVUCQCXF\/\`A/2+SQ!X3\)V>J>)M9T[0=.NO%7CWQ5HW@7P+X9MK[5+
MFUMI_$'C3QMXC\/>#O">C12MJ/B/Q5KNC>'M'MKS5]4L;.?Y@O/VJ]8U[QCX
MD\`?"']G/]H#QMX@\*?$#P5X1U+Q!X_^&/COX`?"S5]'MOCMX`^&/[1OB+P5
M\1_BQX3T>R\6_P##/_PR\=V_QW\.3VFEVW@3]K#PY;7OA;]DWXB_%SQ!X)^.
M+?!D`^G_`!9XL\*^`O"OB;QUXZ\3>'_!?@GP7X?UGQ9XQ\8^+-9T[PYX5\)^
M%?#FG7.L>(?$WB;Q#K%S9Z1H/A_0M(L[S5-9UG5+RUT[2].M;F^OKF"V@EE7
MS_X*?&OPK\?/"NH>._`FG^($\$IX@NO#_A[Q#X@M=.T:?Q3/HVG:5%XQ5O!T
MNJR_$3X<>(/AQ\1)?&'P/^)WPQ^.'@_X5_&7X>?&7X5_$?PEXM^'&DVVDZ/K
M&O>`>$_V5O%7C/Q5X9^+'[37Q%\0>+O&WA[Q!HWC[P=\//"?B[48?`_P=\56
M&HVWC/P]9>&?'&C^'?AGJ_B+Q!\(M7\:?M!?L_Z-\9/AS\//V8M1_:B_8E^+
M%M\`/V[?A?\`M&7/AN+Q;>_7_BSQ-IW@OPKXF\8ZQ;>(+S2/"?A_6?$VJ6?A
M/PGXJ\>^*KK3M"TZYU2^MO#/@7P+HWB/QMXT\03VUK+%HWA/P=X>UWQ5XCU%
MK;1_#VC:IJ]Y9V,X!T%%>?\`PZ^*7@3XKZ//K/@;7?[1_L[_`(1V#Q-X?U/3
M-8\*^._`.L>*O`GA'XG:-X1^*7PX\6:?H?Q`^%'Q`D^'_C[P3XLU#X=?$GPS
MX5\=Z'H_BK0KG7/#NG?VC;+)Z!0`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`>?^/]/\=ZO_`,(5IO@K4_\`A'[*7X@>'-0\?^)K
M/7='TSQ'I'@3PU]M\67FF>'-&\1_"WXG^'_&7_"Q/$&@^'/A)XUT*]D^&^L:
M1\+/B!X_\>^`/BEX7^)O@SP5;:OZ!17C_P`7OC)IWP:@\&7^L>`?C!XVTCQ7
MX@\5Z-JFH_"'X7^*OBS/X`T[PA\&OBI\9K[Q9XS\,>!;+6?&S^']6MOA7+\-
M?"EMX.\+^+_%7BWXR_$'X5_#GP]X9U#5_&UF]N`<!\4/VF=.\,0?&31?A5X.
M\0?&WXB?!#P_>W_Q#T+PMIWBJZ\*_#SQ!>_!KQ]\7_`_AOQ_K_@SP?\`$/QM
MJGB#Q/;>%?!>DZI\*OV=_A9^T;^U!X5T[X[?`CX@W7[.6H_#OXI>$O$NJ>?_
M``U^%?Q]\<SZ1^T%\5O%?B#X6?&36/$'A"YL/@2/&?C37_@A\-/A)X'^,O[1
MUUX7T;Q1\,/AS\7M(\'>(OVG_'G[)W[0=O\`#7]H?Q-)\3/C+^SQI_[2OPS^
M$?Q<^'?A/XB^&_V?_AJWB'Z?\%:AX[\0?8_%GB/3/^$)\/\`B3X?^`-0L_A)
MXDT+1V^*?PW\=W/_``DFI>/],\?^/?!7Q2^('PR\4>59:GX*\,V>A>`+:YT?
MPUXC\(>-=9L_BE\4?#_C;PY'X,]`H`^`/@[^Q7X[T'QC:_'[]H3]J/X@?&W]
MKJW_`.$P\)Z9\8/!_AG1_@_\+/AW^S_XR^.WP^^-&N_LS?!W]F+4-1^*WPR\
M+?#_`,4V7PI\"?#WXA?%KQY<?%7]K_QEX<LKJ9?VFM$FT7X6P?##Z?T;X'>"
M]"^,OBSX[6.M?&"?QMXT\/VWAG6-#UG]H7X^^(_@U9Z=:P>&;>*Y\)_LZ>(?
MB7JG[/G@+Q`T?A/2VN?%G@7X8>'/%5Y/=>)KJ\UF>Y\:>,9M=]@HH`\?^(_[
M/7P"^,?BKX8^.OB[\#O@_P#%3QM\$_$#>+/@SXQ^(_PT\%^./%7PC\5/J/A_
M6'\3?#'Q#XGT75-7\!>(&U?PGX5U1M9\*WFDZBVH^&O#]\;DW.C:=+;'PQ_9
MZ^`7P3U'Q!K'P9^!WP?^$>K^+/#_`,./"?BK5/AC\-/!?@+4?$OA7X.>%5\"
M_"+PSX@OO"NBZ3<ZSX?^%?@E$\'?#C1M1EN=.\#^%57P]X8MM+TA19CV"B@#
MG]&\)^%?#FH^+-8\/>&?#^A:OX]\06WBSQUJFC:-IVEZCXT\56?A7PSX%L_$
MWBR^L;:"Y\1^(+7P3X+\'>#K;6=8EO-1@\*^$_#/AZ*Y72-!TNSM>@HHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
DH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
