<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>2
<FILENAME>item77.txt
<DESCRIPTION>AMENDMENT TO ADMINISTRATION AGREEMENT
<TEXT>


AMENDMENT TO ADMINISTRATION AGREEMENT

AMENDMENT, effective as of February I, 2010, to the Administration
Agreement dated as of September 30, 2004 as amended (the "Amended
Agreement") between Aberdeen Australia Equity Fund, Inc., a Maryland
corporation (the "Fund"), and Aberdeen Asset Management Inc., a
Delaware corporation (the "Administrator").

WHEREAS, on December 7, 2009, the Fund's Board of Directors approved
a revision to the fee schedule applicable to the administration
services provided to the Fund by the Administrator under the Amended
Agreement;

NOW, THEREFORE, in consideration of the premises and mutual promises
set forth herein and in the Amended Agreement, the parties to the
Amended Agreement agree as follows:

1. Schedule B to the Amended Agreement is hereby replaced in its
entirety with Schedule B as attached hereto.

IN WITNESS WHEREOF, the parties hereto have caused this instrument
to be executed by their officers designated below as of the date first
above written.


ABERDEEN AUSTRALIA EQUITY FUND, INC.
/s/ Andrea Melia
Name: Andrea Melia
Title: Treasurer


ABERDEEN ASSET MANAGEMENT INC.
/s/ Alan Goodson
Name: Alan Goodson
Title: Vice President




SCHEDULE B
TO THE ADMINISTRATION AGREEMENT

(Effective February 1, 2010)

Fees

The Fund shall pay the Administrator a fee at an annual rate equal to:

1. 0.08% of the Fund's average weekly Managed Assets between $0 to $500
   million, computed based upon the value of Managed Assets determined at
   the end of each week; and

2. 0.07% of the Fund's average weekly Managed Assets between $500 million
   to $1.5 billion, computed based upon the value of Managed Assets
   determined at the end of each week; and

3. 0.06% of the Fund's average weekly Managed Assets in excess of $1.5
   billion, computed based upon the value of Managed Assets determined
   at the end of each week.

For this purpose, "Managed Assets" shall have the meaning set forth in
the Amended and Restated Investment Management Agreement dated March 8,
2004 between the Fund and Aberdeen Asset Management Asia Limited.
</TEXT>
</DOCUMENT>
