The Chile Fund, Inc. Announces Performance Data and Portfolio Composition

PHILADELPHIA, Jan. 6  /PRNewswire-FirstCall/ -- The Chile Fund, Inc. (the "Fund") (NYSE AMEX: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of November 30, 2009.

The Fund's total returns for various periods through November 30, 2009 are provided below.  (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   1,701.6         15.4       1,507.2             14.8
  (September 1989)
  10-years            228.9         12.6         324.7             15.6
  5-years             106.9         15.7         118.0             16.9
  3-years              38.7         11.5          32.9              9.9
  1-year                     71.4                           94.7




On November 30, 2009, the Fund's net assets amounted to US$181.1 million and the Fund's NAV per share was $17.81.

  As of November 30, 2009, the portfolio was invested as follows:




  Portfolio Composition                          Percent of Net
                                                     Assets
  Utilities                                                 32.2
  Diversified                                               18.2
  Basic Materials                                           17.9
  Consumer, Non-Cyclical                                     9.8
  Consumer, Cyclical                                         9.4
  Financials                                                 7.7
  Communications                                             4.0
  Other                                                      0.8




The Fund's ten largest equity holdings as of November 30, 2009, representing 79.4% of net assets, were:

  Stock                                            Percent of
                                                   Net Assets
  Empresas Copec SA                                         18.2
  Empresa Nacional de Electricidad SA                       16.7
  Empresas CMPC SA                                           9.0
  Enersis SA                                                 7.2
  Banco Santander Chile SA                                   6.4
  SACI Falabella                                             5.5
  Inversiones Aguas Metropolitanas SA                        4.5
  Entel Empresa de Telecommunicaciones                       4.0
  Vina Concha y Toro SA                                      4.0
  Lan Airlines SA                                            3.9


  Important Information


Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Investment Services Limited (the Investment Adviser), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date September 27, 1989.

If you wish to receive this information electronically, please contact:  

DATASOURCE: The Chile Fund, Inc.



CONTACT:  Aberdeen Asset Management Inc., Investor Relations,

1-866-839-5205, 

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