-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E/uBk+VBJUMIinsQP755K6OqYIaVD6AC5UuXV2+73CxkW7VLZZOeR6m0jMPnMOjP RKnS0/unR5X0colGSqQ2HQ== 0000854580-97-000001.txt : 19970303 0000854580-97-000001.hdr.sgml : 19970303 ACCESSION NUMBER: 0000854580-97-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970228 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PORTUGAL FUND INC CENTRAL INDEX KEY: 0000854580 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 510323965 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-05891 FILM NUMBER: 97547581 BUSINESS ADDRESS: STREET 1: C/O BEA ASSOCIATES INC STREET 2: 103 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 3027912919 MAIL ADDRESS: STREET 1: 103 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 NSAR-B 1 N-SAR (3.0.A) PAGE 1 000 B000000 12/31/96 000 C000000 0000854580 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 A 001 A000000 THE PORTUGAL FUND, INC. 001 B000000 811-5891 001 C000000 2122722107 002 A000000 ONE CITICORP CENTER,153 EAST 53RD STREET 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10022 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 BEA ASSOCIATES 008 B000001 A 008 C000001 801-5083 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10022 010 A000001 BEAR STEARNS FUNDS MANAGEMENT INC. 010 B000001 801-29862 010 C010001 NEW YORK 010 C020001 NY 010 C030001 10167 010 A000002 BEA ASSOCIATES 010 B000002 801-5083 010 C010002 NEW YORK 010 C020002 NY 010 C030002 10022 011 A000001 DONALDSON LUFKIN & JENRETTE SECURITIES CORP. 011 B000001 8-00000 011 C010001 NEW YORK PAGE 2 011 C020001 NY 011 C030001 10005 011 A000002 JAMES CAPEL & CO. 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PIGNATARO TITLE CFO EX-27 2
6 0000854580 THE PORTUGAL FUND, INC. 12-MOS DEC-31-1995 JAN-01-1996 DEC-31-1996 68348149 87794069 440362 2085 3372069 93608585 0 0 1209685 1209685 0 73111677 5302545 5299361 0 72493 (2082305) 0 21442021 92398900 1695331 199693 0 1296804 598220 1594647 20160199 22353066 0 424204 0 0 0 0 3184 21968260 0 (3903855) 19606 0 943162 0 1441564 79840065 13.29 .11 4.11 .08 0 0 17.43 1.62 0 0

EX-99.77B 3 REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Directors of The Portugal Fund, Inc.: In planning and performing our audit of the financial statements and financial highlights of The Portugal Fund, Inc. for the year ended December 31, 1996, we considered its internal control structure, including procedures for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and financial highlights and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure. The management of The Portugal Fund, Inc. is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition and that transactions are executed in accordance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements and financial highlights being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control structure, including procedures for safeguarding securities, that we consider to be material weaknesses, as defined above, as of December 31, 1996. This report is intended solely for the information and use of management and the Board of Directors of The Portugal Fund, Inc. and the Securities and Exchange Commission. COOPERS & LYBRAND L.L.P. 2400 Eleven Penn Center Philadelphia, Pennsylvania February 20, 1997 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~