Report of Independent Registered Public
Accounting Firm


To the Board of Directors and Shareholders
of
The Thai Capital Fund, Inc.
In planning and performing our audit of
the consolidated financial statements of
The Thai Capital Fund, Inc. (hereafter
referred to as the "Fund") as of and for
the year ended December 31, 2009, in
accordance with the standards of the
Public Company Accounting Oversight Board
(United States), we considered the Fund?s
internal control over financial reporting,
including controls over safeguarding
securities, as a basis for designing our
auditing procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the
requirements of Form N-SAR, but not for
the purpose of expressing an opinion on
the effectiveness of the Fund's internal
control over financial reporting.
Accordingly, we do not express an opinion
on the effectiveness of the Fund's
internal control over financial reporting.

The management of the Fund is responsible
for establishing and maintaining effective
internal control over financial reporting.
In fulfilling this responsibility,
estimates and judgments by management are
required to assess the expected benefits
and related costs of controls.  A fund?s
internal control over financial reporting
is a process designed to provide
reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for
external purposes in accordance with
generally accepted accounting principles.
A fund's internal control over financial
reporting includes those policies and
procedures that (1) pertain to the
maintenance of records that, in reasonable
detail, accurately and fairly reflect the
transactions and dispositions of the
assets of the fund; (2) provide reasonable
assurance that transactions are recorded
as necessary to permit preparation of
financial statements in accordance with
generally accepted accounting principles,
and that receipts and expenditures of the
fund are being made only in accordance
with authorizations of management and
directors of the fund; and (3)  provide
reasonable assurance regarding prevention
or timely detection of unauthorized
acquisition, use or disposition of a
fund?s assets that could have a material
effect on the financial statements.

Because of its inherent limitations,
internal control over financial reporting
may not prevent or detect misstatements.
Also, projections of any evaluation of
effectiveness to future periods are
subject to the risk that controls may
become inadequate because of changes in
conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.

A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis.  A
material weakness is a deficiency, or a
combination of deficiencies, in internal
control over financial reporting, such
that there is a reasonable possibility
that a material misstatement of the Fund's
annual or interim financial statements
will not be prevented or detected on a
timely basis.

Our consideration of the Fund's internal
control over financial reporting was for
the limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal
control over financial reporting that
might be material weaknesses under
standards established by the Public
Company Accounting Oversight Board (United
States).  However, we noted no
deficiencies in the Fund?s internal
control over financial reporting and its
operation, including controls over
safeguarding securities, that we consider
to be material weaknesses as defined above
as of December 31, 2009.
This report is intended solely for the
information and use of management and the
Board of Directors of the Fund and the
Securities and Exchange Commission and is
not intended to be and should not be used
by anyone other than these specified
parties.




PricewaterhouseCoopers LLP
New York, New York
February 22, 2010





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