<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>2
<FILENAME>exb77q1.txt
<TEXT>
Amendment to the Amended and Restated By-Laws

AMENDMENT TO THE AMENDED AND RESTATED BYLAWS
OF THE CHILE FUND, INC.

Pursuant to a resolution duly adopted by the Board
of Directors of The Chile Fund, Inc. (the Company),
effective on May 17, 2007, the title of BYLAW-SIX and
Articles 6.1, 6.2 and 6.3 of BYLAW-SIX of the Companys
Bylaws were amended and restated in their entirety as set
forth below.

BYLAW-SIX:  STOCK.
Article 6.1.  Issuance of Stock.
Stockholders of the Company are not entitled to
certificates representing the shares of stock held by them.
Shares shall be issued and stock ownership records shall be
maintained in book-entry form.  Whenever stock certificates
are surrendered to the Company, for transfer, exchange or
otherwise, the shares of stock issuable or outstanding upon
such surrender shall be represented by book-entry without
certificates.  When the Company issues or transfers shares
of stock without certificates, the Company shall provide
to record holders of such shares a written statement of the
information required by the Maryland General Corporation
Law. Such information may include the name of the Company,
the name of the Stockholder, the number and class of the
shares, any restrictions on transferability, and any other
information deemed necessary or appropriate by the Company.
The provisions of this Article 6.1 and of Articles 6.2
and 6.3 hereof authorizing issuance of shares by book-entry
without certificates shall apply to all issuances of stock
of the Company, except to the extent that the use of
certificates may be continued as determined by the Board
of Directors.Any outstanding stock certificates shall be
numbered and entered in the books of the Company.
They shall exhibit the holders name and the number of
whole shares and no certificate shall be valid unless it
has been signed by the President, a Vice President or the
Chairman of the Board of Directors and the Treasurer or an
Assistant Treasurer or the Secretary or an Assistant
Secretary and bears the corporate seal.  Any or all of the
signatures or the seal on the certificate may be a
facsimile, engraved or printed.  In case any of the
officers of the Company whose manual or facsimile
signature appears on any stock certificate delivered to a
Transfer Agent of the Company shall cease to be such
Officer prior to the issuance of such certificate, the
Transfer Agent may nevertheless countersign and deliver
such certificate as though the person signing the same or
whose facsimile signature appears thereon had not ceased to
be such officer, unless written instructions of the Company
to the contrary are delivered to the Transfer Agent.

Article 6.2.  Lost, Stolen or Destroyed Certificates.
The Board of Directors, or the President together with the
Treasurer or Secretary, may cause the Company to recognize,
by book-entry, the ownership of shares of stock represented
by any outstanding certificate theretofore issued by the
Company, alleged to have been lost, stolen or destroyed,
upon the making of an affidavit of that fact by the person
claiming the certificate of stock to be lost, stolen or
destroyed, or by his legal representative.
When authorizing such book-entry, the Board of Directors,
or the President and Treasurer or Secretary, may in its or
their discretion and as a condition precedent to the
issuance thereof, requirethe owner of such lost, stolen or
destroyed certificate, or his legal representative, to
advertise the same in such manner as it or they shall
require and/or give the Company a bond in such sum and
with such surety or sureties as it or they may direct as
indemnity against any claim that may be made against the
Company with respect to the certificate alleged to have
been lost, stolen or destroyed, and any claim with respect
to the Companys book-entry recognition ofownership of the
underlying shares.

Article 6.3.  Transfer of Stock.
Shares of stock of the Company shall be transferable on the
books of the Company by the holder thereof in person or by
his duly authorized attorney or legal representative upon
surrender and cancellation of a certificate or certificates
for the same number of shares of the same class, duly
endorsed or accompanied by proper evidence of succession,
assignment or authority to transfer, with such proof of the
authenticity of the signature as the Company or its agents
may reasonably require. Shares of stock of the Company
issuedwithout certificates in book-entry form may be freely
transferred, and the Board of Directors may, from time to
time, adopt rules and regulations with reference to the
method of transfer of the shares of stock of the Company.
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