9 21.4 33.9% of the Fund's assets were
invested in securities rated "Aa" or better by Moody's Investors Service Inc.
Past performance does not guarantee future results.

answer educating

6 8.2

The Fund's returns, which are denominated in U.74.5%

As of December 31, 2004, the portfolio was invested as follows:

Currency Exposure Geographic Exposure
% %
Australia 54.2 2.6 8 .
There can be no assurance that the Fund will have an interest rate swap in
place at any given time nor can there be any assurance that, if an interest
rate swap is in place, it will be successful in hedging the Fund's interest
rate risk with respect to the AMPS. is managed by Aberdeen Asset
Management Asia Limited ("Investment Manager") and advised by Aberdeen Asset
Management Limited ("Investment Adviser").

lived kyrgyzstan

Aberdeen Asia-Pacific Income Fund, Inc.

Child sponsorship projects
1,269 employees in the sanofi-aventis Group have applied to sponsor a
child.

Each employee will pay his or her donation to the chosen sponsorship
project.

poor continent

3 4.1

* Of which 30.

changing jaycees

5
Hong Kong 0. Aberdeen Asset Management Inc.
("Administrator") has prepared this report based on information sources
believed to be accurate and reliable.

answer changing

S.1% 19. Investors
should seek their own professional advice before acting on this information.
The highest employee participation rates were observed:
-- on one hand , in the tsunami-stricken countries: Bangladesh, India,
Indonesia, Malaysia, Sri Lanka and Thailand.

worked unions

1
3-years 87.2 114.4
Vietnam 0.

worked continent

NEW YORK, Aberdeen Asia-Pacific Income
Fund, Inc.

asia lived

8
New Zealand 1.2 0.6
South Korea 6.5% is invested in US$ denominated bonds issued by foreign
issuers.

The donations received (740,000 euros) will be distributed as follows:
- India: 190,000 euros for projects in partnership with the Association
du Pere Ceyrac, Isha Foundation and SEEDS
- Sri Lanka: 210,000 euros in partnership with Sarvodaya and Sewelanka
- Indonesia: 230,000 euros in partnership with Solidarites, UNICEF and
Handicap International
- Thailand: 110,000 euros in partnership with the Thai Red Cross

The funds will be devoted primarily to:
- rebuilding livelihoods, through the purchase of fishing boats and nets,
for example
- reconstruction of housing and communities
- access to health care (repairing dispensaries, financing mobile
clinics )
- children's education (rehabilitation of schools, training new teachers,
school equipment and supplies, etc.

- 861 through SOS Children's Villages (in India, Thailand, Indonesia and
Sri Lanka)
- 408 through Enfants du Mekong in Thailand.

fostering servants

3
Euro 1.4 12.7 2.9
India 0.0 0.

The Fund has outstanding $600 million of auction market preferred stock
("AMPS") which, depending upon market conditions, may have a positive impact
on the net asset value attributable to the holders of the Fund's common stock.

forthcoming continent

5 9. The maturity breakdown of the portfolio was as follows:

Maturity %
10 Years
30. The Group will contribute a further 130,000 euros to these projects.
Through this gesture of solidarity, the Group and its employees will be
contributing to the reconstruction of shattered villages and providing aid for
children in need, not just today but for the long term.

mongolia peoples

(Amex: FAX / PSE: FAX), a closed-end bond fund, announced today its
performance and portfolio composition data as of December 31, 2004.5 3.2
China 0.
The AMPS are used with the intent of enhancing returns by borrowing at U.

forthcoming mongolia

1
5-years 76. dollars, are affected by
the performance of the U.5
Malaysia 1.

kyrgyzstan poor

dollar against the various currencies listed
below .
or "AA" or better by Standard + Poor's Corporation or, if unrated, judged by
the Investment Manager to be of equivalent quality.3
Thailand 1.4
Indonesia 0.8
Japan 0.com

-- on the other hand, in the following countries: Brazil, Korea, Pakistan
and Slovakia

Twinning projects
Twinning projects were chosen in close consultation with sanofi-aventis
managers and teams in the countries affected, after visits to the devastated
areas to assess needs and consult with partner aid agencies working on the
ground.

sends worked

9 12.

fostering mensa

As of December 31, 2004 , the average maturity of the portfolio was 7.0 0.

If you wish to receive this information electronically, please contact
InvestorRelations@aberdeen-asset.

worked mensa

Aberdeen Asia-Pacific Income Fund Inc. Announces Performance Data and Portfolio Composition

8% 1. 870,000 euros donated to twinning and sponsorship campaigns

1,269 employees to sponsor children in the affected villages

PARIS, On January 25, 2005,
sanofi-aventis organized a day of solidarity at 300 Group sites worldwide to
allow Group employees to play their part in relief actions launched with
partner aid agencies in the tsunami-stricken countries.

Contact: Senior Vice President, Corporate Communications: Nicole Cranois
or Vice President, Media Relations: Jean -Marc Podvin, Tel: +33-1-53-77-42-23,
Fax: +33-1-53-77-42-65

kyrgyzstan sends

1 110.0 28.3
years.1

As of December 31, 2004, the Fund's net assets, including $600 million in
preferred stock, amounted to $2,387 million with a net asset value per share
of $6.3
United States 31.9
Sweden 0.
Thanks to the generosity of sanofi-aventis employees, the sum of 870,000
euros was raised to set up long-term twinning and child sponsorship projects
in stricken villages in India, Sri Lanka, Indonesia and Thailand.
Employees will be able to follow the progress of each project via the
Group Intranet site.

mongolia eurasia

3 9.S.0 0.S. The implementation of this strategy is at
the discretion of the AMPS Hedging Committee of the Fund's Board of Directors.

sanofi-aventis World Solidarity Day on Behalf of South East Asia January 25 2005: 'Sharing in solidarity'

answer servants

(All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

Period NAV Total Return % Market Price Total Return %
Cumulative Annualized Cumulative Annualized

Since inception
(April 1986) 475.1 9.6 16.4
Singapore 1.
interest rates and investing the proceeds in relatively higher yielding Asian
and Australian fixed-income securities.

fostering changing

8 7.0 23.6 14.9* 5.0 0.3
Switzerland 0.S. interest rates on the costs associated with the AMPS, the
Fund has entered into an interest rate swap agreement, enabling the Fund to
lock in fixed interest rates for 80% of the outstanding AMPS.)
- psychological and social support for families.

forthcoming eurasia

4
Philippines 0.0 0.0 0.0 0.

worked continent

The credit quality
breakdown of the portfolio was as follows:


AAA/Aaa AA/Aa A BBB/Baa BB/Ba B
58.9
Canada 0.

asia mongolia

The Fund's total returns for various periods through December 31, 2004 are
provided below.8 453.9
1-year 12.
As of December 31, 2004, approximately 60.8% 2.4% 5.4% 12. Details
regarding this interest rate swap agreement are contained in the Fund's annual
report to shareholders.

bangladesh donated

6
10-years 97.1 117.2 49.0 4 .0 2. In order to minimize the impact of
fluctuations in U. However, the figures are unaudited and
neither the Fund, the Investment Manager, the Investment Adviser, the
Administrator , nor any other person, guarantees their accuracy.

jaycees armenia

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