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

                                  ------------

                                    FORM 8-K


                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



                                  July 14, 2005
                Date of report (Date of earliest event reported)



                           The Thai Capital Fund, Inc.
               (Exact Name of Registrant as Specified in Charter)


          Maryland                   811-06062                  223306251
(State or Other Jurisdiction        (Commission               (IRS Employer
      of Incorporation)             File Number)          Identification Number)



       Daiwa Securities Trust Company                                 07302-3051
       One Evertrust Plaza, 9th Floor                                 (Zip Code)
           Jersey City, New Jersey
    (Address of Principal Executive Offices)



                                 (201) 915-3054
              (Registrant's telephone number, including area code)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing of obligation of the registrant  under any of
the following provisions:

__   Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

__   Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

__   Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

__   Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))





Item 7.01.  Regulation FD Disclosure.

On July 14, 2005,  The Thai Capital Fund,  Inc.  announced  that the proposal to
increase the  management  fee  contained in the Proxy  Statement  for the Annual
Meeting  of  Stockholders  originally  scheduled  for June 2,  2005 had not been
approved  because  the  required  number  of votes  had not been  obtained.  The
management  fee would,  therefore,  remain at 0.60% of the Fund's average weekly
net assets. Reference is made to the press release, dated July 14, 2005, annexed
hereto as Exhibit 99.1 for further information.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit     Description
No.
99.1        Press Release

The information  furnished  under "Item 7.01.  Regulation FD Disclosure" of this
Form 8-K, including the exhibits related hereto, shall not be deemed "filed" for
purposes of Section 18 of the Securities  Exchange Act of 1934, as amended,  nor
shall it be deemed  incorporated by reference in any filing under the Securities
Act of 1933,  as amended,  or the  Securities  Exchange Act of 1934, as amended,
except as shall be expressly set forth by specific reference in such filing.





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                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

Dated: July 14, 2005



                              By: /s/ John J. O'Keefe
                                  ----------------------------------------------
                              Name:  John J. O'Keefe
                              Title: Vice President and Treasurer




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                                  EXHIBIT INDEX


Exhibit No.     Description

99.1            Press Release