Thai Fund, Inc. (TTF)

CM001 (< 20) Submitted: 1/14/07 6:03 PM

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An analyst I respect much had following comments on the latest Capital Restrictions:

"The timing is certainly interesting, It almost seems there's a revenge factor involved," as the amendments were specifically going after the acquisition involving the former prime minister's family business. The fuel for the Thai economy has been foreign capital and that capital has just been restricted. You have to have enough domestic capital in order to be able to soak up all the excess -- and I don't think they have it in Thailand."

Given the current situations, are thai equities worth taking some initial position, for small investors?

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