Dividend Declaration

Siam Investment Fund
1 April 2002


Dated: March 29, 2002


                              SIAM INVESTMENT FUND
                           (ISIN Code: KYG6751B1039)


The Directors of the SIAM INVESTMENT FUND wish to announce that a dividend of
US$1.50 per share will be paid to all shareholders of record as of April 10, 
2002.

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