CORRESP 12 filename12.htm

Acceleration Request

Aberdeen Australia Equity Fund

800 Scudders Mill Road

Plainsboro, New Jersey 08536

September 12, 2007

VIA EDGAR

Securities and Exchange Commission

100 F Street N.E.

Washington, D.C. 20549

Re: Aberdeen Australia Equity Fund, Inc. (“Registrant”) — File No. 333-142698

Dear Sirs:

Enclosed for filing under the Securities Act of 1933 is Pre-Effective Amendment No. 2 to Registrant’s registration statement on Form N-2.

Registrant respectfully requests that the effectiveness of Registrant’s Registration Statement, as amended by Pre-Effective Amendment No. 2, be accelerated to September 14, 2007 or as soon thereafter as practicable.¹ Registrant is aware of its obligations under the Securities Act.

If you have questions regarding the filing, please call the undersigned at 215-405-5765 or Ms. Tiffany Ford at 949-442-6005.

Sincerely,

ABERDEEN AUSTRALIA EQUITY FUND, INC.
By:		/s/ Alan Goodson
Alan Goodson Treasurer and Secretary

¹ Registrant has no managing underwriter or principal underwriter and no managing or principal underwriter is involved in this offering.