<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>v058949_8-k.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2006
                                                  -----------------

                       HERZFELD CARIBBEAN BASIN FUND, INC.
                       -----------------------------------
              (Exact name of registrant as specified in its charter

           Maryland                     811-06445               65-0396889
--------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)      (IRS Employer
     of incorporation)                                      Identification No.)

               P.O. Box 161465, Miami, FL                         33116
--------------------------------------------------------------------------------
        (Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code,  305-271-1900
                                                     ------------

--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>

SECTION 9 - STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

On November 16, 2006, the Registrant filed a form of dividend reinvestment plan.
The registrant is filing this amended Form 8-K to submit the final dividend
reinvestment plan. This plan submitted herewith supercedes the previous form of
the plan filed as Exhibit 99.2 to the Form 8-K filed on November 16, 2006.

(d) Exhibit 99.2 Dividend Reinvestment Plan of Herzfeld Caribbean Basin Fund,
                 Inc.
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.

                                             HERZFELD CARIBBEAN BASIN FUND, INC.

Date:  November 22, 2006                     /s/ Cecilia L. Gondor
                                             -----------------------------------
                                             Cecilia L. Gondor
                                             Chief Compliance Officer, Secretary
                                             and Treasurer


<PAGE>

                                  EXHIBIT INDEX

Exhibit Number    Exhibit Description
--------------    -------------------

99.1              Press release dated November 16, 2006 announcing the
                  declaration of Herzfeld Caribbean Basin Fund, Inc.'s year-end
                  distribution and establishment of dividend reinvestment plan.*

99.2              Dividend Reinvestment Plan of Herzfeld Caribbean Basin
                  Fund, Inc.

* Previously filed.
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