ABERDEEN ASIA-PACIFIC INCOME FUND, INC.
Gateway Center 3
100 Mulberry Street
Newark, NJ 07102
February 10, 2003
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Attention: Christian Sandoe
Division of Investment Management
Re: Aberdeen Asia-Pacific Income Fund, Inc. (File No. 333-100430)
Application to Withdraw Registration Statement on Form N-2
Dear Sirs:
Aberdeen Asia-Pacific Income Fund, Inc. ("Registrant"), a closed-end management
investment company, hereby applies, pursuant to Rule 477 under the Securities
Act of 1933, to withdraw the Registration Statement on Form N-2 filed by
Registrant on October 9, 2002 to register additional shares to be offered in a
rights offering. Registrant's Board of Directors has determined that market
developments since that filing have not been favorable for a rights offering and
that the offering should therefore not proceed. No securities have been sold in
connection with the proposed rights offering.
Please call the undersigned at 202-261-3308 if you have questions about this
application.
Yours truly,
Hugh Young, President and Principal Executive Officer
Christian Pittard, Assistant Secretary and Principal Financial and Accounting
Officer
Martin J. Gilbert, Director and Chairman
Anthony E. Aaronson, Director
David L. Elsum, Director
Beverley Hendry, Director
Howard A. Knight, Director
P. Gerald Malone, Director
Neville J. Miles, Director
Peter J. O'Connell, Director
William J. Potter, Director
Peter D. Sacks, Director
Anton E. Schrafl, Director
John T. Sheehy, Director
Brian Sherman, Director
/s/ SANDER M. BIEBER
Sander M. Bieber, by power of attorney
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and
appoints Allan S. Mostoff, Sander M. Bieber, Olivia P. Adler, Jennifer O.
Epstein and Wendy Fox, and each of them, as his or her true and lawful
attorney-in-fact and agent with full power of substitution and resubstitution
for such attorney-in-fact in such attorney-in-fact's name, place and stead, to
sign any and all registration statements applicable to Aberdeen ASIA-PACIFIC
INCOME Fund, Inc. (the "Fund"), and any amendments or supplements thereto, and
withdrawals thereof, and to file the same, with all exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorney-in-fact and agent full power and authority to do and
perform each and every act and thing requisite and necessary to be done, as
fully to all intents and purposes as he or she might or could do in person in
his or her capacity as a Director or Officer of the Fund, hereby ratifying and
confirming all that said attorney-in-fact and agent, or his or her substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, the undersigned has duly executed this Power of Attorney on
the date indicated below.
Name Title Date
---- ----- ----
/s/ Hugh Young President and Principal Executive Officer February 7, 2003
---------------------------
Hugh Young
/s/ Christian Pittard Assistant Secretary and Principal Financial February 4, 2003
--------------------------- and Accounting Officer
Christian Pittard
/s/ Martin J. Gilbert Director and Chairman February 2, 2003
---------------------------
Martin J. Gilbert
/s/ Anthony E. Aaronson Director January 18, 2003
---------------------------
Anthony E. Aaronson
/s/ David L. Elsum Director February 5, 2003
---------------------------
David L. Elsum
/s/ Beverley Hendry Director January 31, 2003
---------------------------
Beverley Hendry
/s/ Howard A. Knight Director February 3, 2003
---------------------------
Howard A. Knight
/s/ P. Gerald Malone Director January 19, 2003
---------------------------
P. Gerald Malone
/s/ Neville J. Miles Director February 4, 2003
---------------------------
Neville J. Miles
/s/ Peter J. O'Connell Director February 1, 2003
---------------------------
Peter J. O'Connell
/s/ William J. Potter Director January 21, 2003
---------------------------
William J. Potter
/s/ Peter D. Sacks Director January 20, 2003
---------------------------
Peter D. Sacks
/s/ Anton E. Schrafl Director February 3, 2003
---------------------------
Anton E. Schrafl
/s/ John T. Sheehy Director January 23, 2003
---------------------------
John T. Sheehy
/s/ Brian Sherman Director February 4, 2003
---------------------------
Brian Sherman