UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number		811-6024
THE INDONESIA FUND, INC.
(Exact name of registrant as specified in charter)
c/o Credit Suisse Asset Management, LLC 466 Lexington Avenue New York, New York			10017
(Address of principal executive offices)			(Zip code)
J. Kevin Gao, Esq. 466 Lexington Avenue New York, New York 10017
(Name and address of agent for service)
Registrant's telephone number, including area code:		(212) 875-3500
Date of fiscal year end:	December 31st
Date of reporting period:	July 1, 2006 to September 30, 2006

Item 1:        Schedule of Investments

The Indonesia Fund, Inc.
Schedule of Investments
September 30, 2006 (unaudited)

	No. of
Description	Shares	Value
EQUITY SECURITIES-96.92%
Indonesia-95.85%
Auto Components-1.10%
PT Gajah Tunggal Tbk	11,659,000	$	757,077
Automobiles-6.47%
PT Astra International Tbk	3,312,461	4,464,653
Commercial Banks-25.90%
PT Bank Central Asia Tbk	10,112,500	5,277,524
PT Bank Danamon Indonesia Tbk	4,030,000	2,311,190
PT Bank Internasional Indonesia Tbk	80,604,000	1,703,726
PT Bank Mandiri	15,184,000	3,819,097
PT Bank Rakyat Indonesia	8,975,000	4,756,373
		17,867,910
Construction & Engineering-0.33%
PT Adhi Karya Tbk	3,438,000	227,010
Construction Materials-2.21%
PT Indocement Tunggal Prakarsa Tbk	2,859,000	1,524,398
Diversified Telecommunication Services-24.80%
PT Indosat Tbk	1,419,000	789,213
PT Telekomunikasi Indonesia	17,938,560	16,321,491
		17,110,704
Food Products-2.47%
PT Indofood Sukses Makmur Tbk	12,599,000	1,704,755
Gas Utilities-7.51%
PT Perusahaan Gas Negara	3,969,500	5,183,852
Household Products-2.42%
PT Unilever Indonesia Tbk	3,351,000	1,670,919
Industrial Conglomerates-2.73%
PT Bakrie and Brothers Tbk†	67,757,500	1,102,379
Total Bangun Persada†	15,318,000	780,429
		1,882,808
Machinery-4.78%
PT United Tractors Tbk	5,044,200	3,300,092
Multiline Retail-3.32%
PT Matahari Putra Prima Tbk	11,618,000	1,044,198
PT Mitra Adiperkasa Tbk	4,821,000	521,893
PT Ramayana Lestari Sentosa Tbk	7,612,000	724,672
		2,290,763
Oil, Gas & Consumable Fuels-6.63%
PT Bumi Resources Tbk	16,476,000	1,322,872
PT Energi Mega Persada Tbk†	17,624,275	1,032,969
PT Medco Energi Internasional Tbk	5,908,000	2,221,968
		4,577,809
Pharmaceuticals-2.35%
PT Kalbe Farma Tbk	9,690,800	1,385,337
PT Tempo Scan Pacific Tbk	2,915,000	233,690
		1,619,027
Real Estate Management & Development-2.83%
PT Summarecon Agung Tbk	16,343,600	1,949,492
Total Indonesia (Cost $35,043,410)		66,131,269
Singapore-0.79%
Industrial Conglomerates-0.79%
SembCorp Industries Ltd. (Cost $332,975)	257,520	544,405

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Thailand-0.28%
Household Durables-0.28%
Land and Houses Public Company Ltd., NVDR (Cost $238,513)	1,014,000	195,184
Total Equity Securities (Cost $35,614,898)		66,870,858

	Principal Amount (000’s)
SHORT-TERM INVESTMENT-3.48%
Grand Cayman-3.48%
Bank of America, overnight deposit, 4.38%, 10/02/06* (Cost $2,397,000)	$2,397	2,397,000
Total Investments-100.40% (Cost $38,011,898)		69,267,858
Liabilities in Excess of Cash and Other Assets-(0.40)%		(274,315		)
NET ASSETS-100.00%		$	68,993,543

†	Non-income producing security.
*	Variable rate account. Rate resets on a daily basis; amounts are available on the same business day.
NVDR	Non Voting Depositary Receipt.

Security Valuation - The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (the “Valuation Time”). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest ask quotation in the case of a short sale of securities. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Investments in mutual funds are valued at the mutual fund’s closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund’s Valuation Time, but after the close of the securities’ primary market, are valued at fair value as determined in good faith by, or under the direction of, the Board of Directors under procedures established by the Board of Directors. The Fund may utilize a service provided by an independent third party which has been approved by the Board of Directors to fair value certain securities. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities.

Federal Income Tax Cost - At September 30, 2006, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation from investments were $38,581,004, $31,594,364, $(907,510) and $30,686,854, respectively.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders.  This information is also available on the Fund’s website at http://www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission - http://www.sec.gov.

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Item 2:         Controls and Procedures

(a)       As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)), were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.

(b)      There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3:         Exhibits

1.        The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

THE INDONESIA FUND, INC.

/s/Steven Plump

Name: Steven Plump

Title:  Chief Executive Officer

Date:  November 21, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/Steven Plump

Name: Steven Plump

Title:  Chief Executive Officer

Date:  November 21, 2006

/s/Michael A. Pignataro

Name: Michael A. Pignataro

Title:  Chief Financial Officer

Date:  November 21, 2006

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