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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 Pkvzn2x1fis1TCN8BiOrkw==

<SEC-DOCUMENT>0000950116-99-001832.txt : 19991018
<SEC-HEADER>0000950116-99-001832.hdr.sgml : 19991018
ACCESSION NUMBER:		0000950116-99-001832
CONFORMED SUBMISSION TYPE:	N-23C-1
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19990930
FILED AS OF DATE:		19991004

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SWISS HELVETIA FUND INC
		CENTRAL INDEX KEY:			0000813623
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-23C-1
		SEC ACT:		
		SEC FILE NUMBER:	817-00815
		FILM NUMBER:		99722617

	BUSINESS ADDRESS:	
		STREET 1:		630 FIFTH AVE
		STREET 2:		STE 915
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10111-0001
		BUSINESS PHONE:		2128677660

	MAIL ADDRESS:	
		STREET 1:		630 FIFTH AVE
		STREET 2:		STE 915
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10111-0001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELVETIA FUND INC
		DATE OF NAME CHANGE:	19900820
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-1
<SEQUENCE>1
<DESCRIPTION>N-23C-1
<TEXT>

<PAGE>

Form N-23C-1

Report for Calendar month Ending September 30, 1999
____________________________

  Swiss Helvetia Fund, Inc.
____________________________
<TABLE>
<CAPTION>
________________________________________________________________________________________________________
                                                              Approximate asset value
                                      Number of                 or approximate asset       Name of
  Date of each    Identification of   shares       Price per    coverage per share at      Seller or of
  transaction     each security       purchased    share        time of purchase           Sellers Broker
________________________________________________________________________________________________________
<S>                <C>                <C>           <C>             <C>                   <C>
                  Swiss Helvetia
                   Fund-(Cusip-
   9/3/99           870875101)            7900      14.5625            17.90                 NYSE
   9/7/99            (same)               3200      14.5234            17.99                 NYSE
   9/8/99            (same)               2200      14.5625            17.95                 NYSE
   9/9/99            (same)               5800      14.6336            17.94                 NYSE
  9/10/99            (same)               7300      14.6875            17.60                 NYSE
  9/13/99            (same)               8700      14.4375            17.38                 NYSE
  9/14/99            (same)               7000      14.2465            17.37                 NYSE
  9/15/99            (same)               8500      14.3684            17.36                 NYSE
  9/16/99            (same)               8700      14.2069            17.30                 NYSE
  9/17/99            (same)               8700      14.3125            17.31                 NYSE
  9/20/99            (same)               8600      14.1875            17.42                 NYSE
  9/28/99            (same)               5100      14.0466            17.30                 NYSE
  9/30/99            (same)               7000      14.16              17.5                  NYSE

Total                                   88,700
</TABLE>

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