EXHIBIT 2(b)

                  AMENDMENT TO THE AMENDED AND RESTATED BYLAWS
                                       OF
                            THE INDONESIA FUND, INC.

         Pursuant to a resolution duly adopted by the directors of The Indonesia
Fund, Inc. (the "Fund"), including those directors who are not "interested
directors" (as such term is defined under the Investment Company Act of 1940, as
amended), at a meeting of the Board of Directors of the Fund duly held at 2:15
p.m. on March 15, 2001, ARTICLE 2.10 of the Fund's Amended and Restated Bylaws
was deleted in its entirety and replaced with the following ARTICLE 2.10.

                  ARTICLE 2.10. PROXIES. Any Stockholder entitled to vote at any
         meeting of Stockholders may vote either in person or by written proxy
         signed by the Stockholder or his authorized agent. A Stockholder
         entitled to vote at any meeting of Stockholders may also authorize
         another person or persons to act as a proxy for him via telephone, the
         Internet or any other means authorized by Maryland law. Unless a proxy
         provides otherwise, it is not valid more than eleven months after its
         date. A copy, facsimile transmission or other reproduction of a writing
         or transmission may be substituted for the original writing or
         transmission for any purpose for which the original writing or
         transmission could be used. Every proxy shall be dated, but need not be
         sealed, witnessed or acknowledged. Every proxy shall be revocable at
         the pleasure of the person executing it or of his personal
         representatives or assigns. All proxies shall be delivered to the
         Secretary of the Corporation, or to the person acting as Secretary of
         the Meeting being voted. A proxy with respect to stock held in the name
         of two or more persons shall be valid if executed by one of them
         unless, at or prior to exercise of such proxy, the Corporation receives
         a specific written notice to the contrary from any one of them. A proxy
         purporting to be executed by or on behalf of a stockholder shall be
         valid unless challenged at or prior to its exercise.

Dated: March 15, 2001