ITEM 2. CODE OF ETHICS. Not applicable for semi-annual report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT. Not applicable for
semi-annual report.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES. Not applicable
for semi-annual report.

ITEMS 5-6. (RESERVED)

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR
CLOSED-END MANAGEMENT INVESTMENT COMPANIES. Not applicable for
semi-annual report.

ITEMS 8. (RESERVED)

ITEM 9. CONTROLS AND PROCEDURES.

(a) Based on an evaluation of the registrant's disclosure
"controls and procedures as of June 2, 2003,  the "
disclosure controls and procedures are reasonably
designed to ensure that the information required in
"filings on Forms N-CSR is recorded, processed, "
"summarized, and reported on a timely basis. "

(b) There were no significant changes in the registrant's
internal controls or in other factors that could
affect these controls subsequent to the date of our
"evaluation, including any corrective actions with "
regard to significant deficiencies and material
weaknesses.

ITEMS 10. EXHIBITS. File the exhibits listed below as part of
this Form. Letter or number the exhibits in the sequence
indicated.

"(a) Any code of ethics, or amendment thereto, that is the "
"subject of the disclosure required by Item 2, to the "
extent that the registrant intends to satisfy the Item
2 requirements through filing of an exhibit: Not
applicable for semi-annual report.

(b) A separate certification for each principal executive
officer and principal financial officer of the
registrant as required by Rule 30a-2 under the Act (17
CFR 270.30a-2) in the exact form set forth below:
Attached hereto.




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. "

(Registrant)
"The Thai Capital Fund, Inc."



By (Signature and Title)*
\s\ John J. O'Keefe
---------------------------
"John J. O'Keefe"
Vice President & Treasurer

"Date: August 25, 2003 "

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.

By (Signature and Title)*
\s\ John J. O'Keefe
---------------------------
"John J. O'Keefe"
Vice President & Treasurer

"Date: August 25, 2003"

By (Signature and Title)*
\s\ Ikou Mori
------------------------
"Ikou Mori"
 Chairman

"Date: August 25, 2003"

* Print the name and title of each signing officer under his
or her signature.