Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940

We, as members of management of The Thai Capital Fund, Inc.
(the Fund), are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17f-2, Custody
of Investments by Registered Management Investment Companies,
of the Investment Company Act of 1940.  We are also
responsible for establishing and maintaining effective
internal controls over compliance with those requirements.  We
have performed an evaluation of the Fund's compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 as of
December 31, 2007, and from September 6, 2007 through December
31, 2007.

Based on this evaluation, we assert that the Fund was in
compliance with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of
December 31, 2007, and from September 6, 2007 through December
31, 2007, with respect to securities reflected in the
investment account of the Fund.


The Thai Capital Fund, Inc.


By:

/s/ John J. O?Keefe




Vice President and Treasurer

Title

December 21, 2007

Date