Edgar Filing: TAIWAN GREATER CHINA FUND

Taiwan Greater China Fund Fidelity Bond 2006

Chubb Group of Insurance Companies DECLARATIONS

FINANCIAL INSTITUTION INVESTMENT

15 Mountain View Road, Warren, New Jersey 07059

COMPANY ASSET PROTECTION BOND

NAME OF ASSURED (including its Subsidiaries): Bond

Number: 81906663

TAIWAN GREATER CHINA FUND

FEDERAL INSURANCE

COMPANY

C/O BROWN BROTHERS HARRIMAN & CO. Incorporated

under the laws of Indiana

BOSTON, MA 02109 a stock insurance

company herein called the COMPANY

Capital Center,

251 North Illinois, Suite 1100

Indianapolis, IN

46204-1927

ITEM 1. BOND PERIOD: from 12:01 a.m. on June 12,

2006

to 12:01 a.m. on June 12, 2007

ITEM 2. LIMITS OF LIABILITY—DEDUCTIBLE AMOUNTS:

If “Not Covered” is inserted below opposite any

specified INSURING CLAUSE, such INSURING CLAUSE and

any other reference shall be deemed to be deleted.

There shall be no deductible applicable to any loss

under INSURING CLAUSE 1. sustained by any Investment

Company.

DEDUCTIBLE

INSURING CLAUSE LIMIT OF

LIABILITY AMOUNT

1. Employee $ 1,000,000 $ 50,000

2. On Premises $ 1,000,000 $ 50,000

3. In Transit $ 1,000,000 $ 50,000

4. Forgery or Alteration $ 1,000,000 $ 50,000

5. Extended Forgery $ 1,000,000 $ 50,000

6. Counterfeit Money $ 1,000,000 $ 50,000

7. Threats to Person $ NOT COVERED $ NOT COVERED

8. Computer System $ 1,000,000 $ 50,000

9. Voice Initiated Funds Transfer Instruction $

1,000,000 $ 50,000

10 Uncollectible Items of Deposit $ 25,000 $ 5,000

11. Audit Expense $ 25,000 $ 5,000

ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE

FOLLOWING

ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:

1) Revise Item 2., 2) Delete Valuation-Other Property Endorsement,

3) Compliance with Applicable Trade Sanction Laws, 4) Termination-

Nonrenewal-Notice, 5) Stop Payment Order Or Refusal to Pay Check

Endorsement, 6) Unauthorized Signature Endorsement

IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its

authorized officers, but it shall not be valid unless also signed by an

authorized representative of the Company.

Secretary

President

Countersi

gned by

Authorized Representative

Form 17-02-1320 (Ed. XX-XX) Page 2 of 2

ICAP Bond (5-98) - Federal

Form 17-02-1421 (Ed. 5-98) Page 1 of 1

The COMPANY, in consideration of payment of the required

premium, and in reliance on the APPLICATION and all other

statements made and information furnished to the COMPANY by

the ASSURED, and subject to the DECLARATIONS made a part of

this Bond and to all other terms and conditions of this Bond,

agrees to pay the ASSURED for:

Insuring Clauses

Employee

1. Loss resulting directly from Larceny or

Embezzlement committed by any Employee, alone or

in collusion with others.

On Premises

2. Loss of Property resulting directly from robbery,

burglary, false pretenses, common law or statutory

larceny, misplacement, mysterious unexplainable

disappearance, damage, destruction or removal,

from the possession, custody or control of the

ASSURED, while such Property is lodged or

deposited at premises located anywhere.

In Transit

3. Loss of Property resulting directly from common

law or statutory larceny, misplacement, mysterious

unexplainable disappearance, damage or

destruction, while the Property is in transit

anywhere:

a. in an armored motor vehicle, including

loading and unloading thereof,

b. in the custody of a natural person

acting as a messenger of the ASSURED,

c. in the custody of a Transportation

Company and being transported in a

conveyance other than an armored motor

vehicle provided, however, that

covered Property transported in such

manner is limited to the following:

(1) written records,

(2) securities issued in registered

form, which are not endorsed or are

restrictively endorsed, or

(3) negotiable instruments not payable

to bearer, which are not endorsed

or are restrictively endorsed.

Coverage under this INSURING CLAUSE begins

immediately on the receipt of such

Property by the natural person or

Transportation Company and ends

immediately on delivery to the premises of

the addressee or to any representative of

the addressee located anywhere.

Insuring Clauses

(continued)

Forgery Or

Alteration

4. Loss resulting directly from:

a. Forgery on, or fraudulent material

alteration of, any bills of exchange,

checks, drafts, acceptances,

certificates of deposits, promissory

notes, due bills, money orders, orders

upon public treasuries, letters of

credit, other written promises, orders

or directions to pay sums certain in

money, or receipts for the withdrawal

of Property, or

b. transferring, paying or delivering any

funds or other Property, or

establishing any credit or giving any

value in reliance on any written

instructions, advices or applications

directed to the ASSURED authorizing or

acknowledging the transfer, payment,

delivery or receipt of funds or other

Property, which instructions, advices

or applications fraudulently purport

to bear the handwritten signature of

any customer of the ASSURED, or

shareholder or subscriber to shares of

an Investment Company, or of any

financial institution or Employee but

which instructions, advices or

applications either bear a Forgery or

have been fraudulently materially

altered without the knowledge and

consent of such customer, shareholder,

subscriber, financial institution or

Employee;

excluding, however, under this INSURING

CLAUSE any loss covered under INSURING

CLAUSE 5. of this Bond, whether or not

coverage for INSURING CLAUSE 5. is

provided for in the DECLARATIONS of this

Bond.

For the purpose of this INSURING CLAUSE, a

mechanically reproduced facsimile

signature is treated the same as a

handwritten signature.

Extended Forgery

5. Loss resulting directly from the ASSURED having,

in good faith, and in the ordinary course of

business, for its own account or the account of

others in any capacity:

a. acquired, accepted or received,

accepted or received, sold or

delivered, or given value, extended

credit or assumed liability, in

reliance on any original Securities,

documents or other written instruments

which prove to:

(1) bear a Forgery or a fraudulently

material alteration,

(2) have been lost or stolen, or

(3) be Counterfeit, or

b. guaranteed in writing or witnessed any

signatures on any transfer,

assignment, bill of sale, power of

attorney, guarantee, endorsement or

other obligation upon or in connection

with any Securities, documents or

other written instruments.

Actual physical possession, and continued

actual physical possession if taken as

collateral, of such Securities, documents

or other written instruments by an

Employee, Custodian, or a Federal or State

chartered deposit institution of the

ASSURED is a condition precedent to the

ASSURED having relied on such items.

Release or return of such collateral is an

acknowledgment by the ASSURED that it no

longer relies on such collateral.

Insuring Clauses

Extended Forgery

(continued)

For the purpose of this INSURING CLAUSE, a

mechanically reproduced facsimile signature is

treated the same as a handwritten signature.

Counterfeit Money

6. Loss resulting directly from the receipt by the

ASSURED in good faith of any Counterfeit money.

Threats To Person

7. Loss resulting directly from surrender of Property

away from an office of the ASSURED as a result of

a threat communicated to the ASSURED to do bodily

harm to an Employee as defined in Section 1.e.

(1), (2) and (5), a Relative or invitee of such

Employee, or a resident of the household of such

Employee, who is, or allegedly is, being held

captive provided, however, that prior to the

surrender of such Property:

a. the Employee who receives the threat has made a

reasonable effort to notify an officer of the

ASSURED who is not involved in such threat, and

b. the ASSURED has made a reasonable effort to

notify the Federal Bureau of Investigation and

local law enforcement authorities concerning

such threat.

It is agreed that for purposes of this INSURING

CLAUSE, any Employee of the ASSURED, as set forth

in the preceding paragraph, shall be deemed to be

an ASSURED hereunder, but only with respect to the

surrender of money, securities and other tangible

personal property in which such Employee has a

legal or equitable interest.

Computer System

8. Loss resulting directly from fraudulent:

a. entries of data into, or

b. changes of data elements or programs within,

a Computer System, provided the fraudulent entry

or change causes:

(1) funds or other property to be transferred,

paid or delivered,

(2) an account of the ASSURED or of its

customer to be added, deleted, debited or

credited, or

(3) an unauthorized account or a fictitious

account to be debited or credited.

Insuring Clauses

(continued)

Voice Initiated

Funds Transfer

Instruction

9. Loss resulting directly from Voice Initiated Funds

Transfer Instruction directed to the ASSURED

authorizing the transfer of dividends or

redemption proceeds of Investment Company shares

from a Customer's account, provided such Voice

Initiated Funds Transfer Instruction was:

a. received at the ASSURED'S offices by those

Employees of the ASSURED specifically

authorized to receive the Voice Initiated Funds

Transfer Instruction,

b. made by a person purporting to be a Customer,

and

c. made by said person for the purpose of causing

the ASSURED or Customer to sustain a loss or

making an improper personal financial gain for

such person or any other person.

In order for coverage to apply under this INSURING

CLAUSE, all Voice Initiated Funds Transfer

Instructions must be received and processed in

accordance with the Designated Procedures outlined

in the APPLICATION furnished to the COMPANY.

Uncollectible Items

of Deposit

10. Loss resulting directly from the ASSURED having

credited an account of a customer, shareholder or

subscriber on the faith of any Items of Deposit

which prove to be uncollectible, provided that the

crediting of such account causes:

a. redemptions or withdrawals to be permitted,

b. shares to be issued, or

c. dividends to be paid,

from an account of an Investment Company.

In order for coverage to apply under this INSURING

CLAUSE, the ASSURED must hold Items of Deposit for

the minimum number of days stated in the

APPLICATION before permitting any redemptions or

withdrawals, issuing any shares or paying any

dividends with respect to such Items of Deposit.

Items of Deposit shall not be deemed uncollectible

until the ASSURED'S standard collection procedures

have failed.

Audit Expense

11. Expense incurred by the ASSURED for that part of

the cost of audits or examinations required by any

governmental regulatory authority or self-

regulatory organization to be conducted by such

authority, organization or their appointee by

reason of the discovery of loss sustained by the

ASSURED and covered by this Bond.

General Agreements

Additional

Companies Included

As Assured

A. If more than one corporation, or Investment

Company, or any combination of them is included as

the ASSURED herein:

(1) The total liability of the COMPANY under this

Bond for loss or losses sustained by any one or

more or all of them shall not exceed the limit

for which the COMPANY would be liable under

this Bond if all such loss were sustained by

any one of them.

(2) Only the first named ASSURED shall be deemed to

be the sole agent of the others for all

purposes under this Bond, including but not

limited to the giving or receiving of any

notice or proof required to be given and for

the purpose of effecting or accepting any

amendments to or termination of this Bond. The

COMPANY shall furnish each Investment Company

with a copy of the Bond and with any amendment

thereto, together with a copy of each formal

filing of claim by any other named ASSURED and

notification of the terms of the settlement of

each such claim prior to the execution of such

settlement.

(3) The COMPANY shall not be responsible for the

proper application of any payment made

hereunder to the first named ASSURED.

(4) Knowledge possessed or discovery made by any

partner, director, trustee, officer or

supervisory employee of any ASSURED shall

constitute knowledge or discovery by all the

ASSUREDS for the purposes of this Bond.

(5) If the first named ASSURED ceases for any

reason to be covered under this Bond, then the

ASSURED next named on the APPLICATION shall

thereafter be considered as the first named

ASSURED for the purposes of this Bond.

Representation Made

By Assured

B. The ASSURED represents that all information it has

furnished in the APPLICATION for this Bond or

otherwise is complete, true and correct. Such

APPLICATION and other information constitute part

of this Bond.

The ASSURED must promptly notify the COMPANY of

any change in any fact or circumstance which

materially affects the risk assumed by the COMPANY

under this Bond.

Any intentional misrepresentation, omission,

concealment or incorrect statement of a material

fact, in the APPLICATION or otherwise, shall be

grounds for recision of this Bond.

General Agreements

(continued)

Additional Offices

Or Employees -

Consolidation,

Merger Or Purchase

Or Acquisition Of

Assets Or

Liabilities -

Notice To Company

C. If the ASSURED, other than an Investment Company,

while this Bond is in force, merges or

consolidates with, or purchases or acquires assets

or liabilities of another institution, the ASSURED

shall not have the coverage afforded under this

Bond for loss which has:

(1) occurred or will occur on premises, or

(2) been caused or will be caused by an employee,

(3) arisen or will arise out of the assets or

liabilities,

of such institution, unless the ASSURED:

a. gives the COMPANY written notice of the

proposed consolidation, merger or purchase or

acquisition of assets or liabilities prior to

the proposed effective date of such action, and

b. obtains the written consent of the COMPANY to

extend some or all of the coverage provided by

this Bond to such additional exposure, and

c. on obtaining such consent, pays to the COMPANY

an additional premium.

Change Of Control -

Notice To Company

D. When the ASSURED learns of a change in control

(other than in an Investment Company), as set

forth in Section 2(a) (9) of the Investment

Company Act of 1940, the ASSURED shall within

sixty (60) days give written notice to the COMPANY

setting forth:

(1) the names of the transferors and transferees

(or the names of the beneficial owners if the

voting securities are registered in another

name),

(2) the total number of voting securities owned by

the transferors and the transferees (or the

beneficial owners), both immediately before and

after the transfer, and

(3) the total number of outstanding voting

securities.

Failure to give the required notice shall result

in termination of coverage for any loss involving

a transferee, to be effective on the date of such

change in control.

Court Costs And

Attorneys’ Fees

E. The COMPANY will indemnify the ASSURED for court

costs and reasonable attorneys' fees incurred and

paid by the ASSURED in defense, whether or not

successful, whether or not fully litigated on the

merits and whether or not settled, of any claim,

suit or legal proceeding with respect to which the

ASSURED would be entitled to recovery under this

Bond. However, with respect to INSURING CLAUSE

1., this Section shall only apply in the event

that:

(1) an Employee admits to being guilty of Larceny

or Embezzlement,

(2) an Employee is adjudicated to be guilty of

Larceny or Embezzlement, or

General Agreements

Court Costs And

Attorneys’ Fees

(continued)

(3) in the absence of 1 or 2 above, an arbitration

panel agrees, after a review of an agreed

statement of facts between the COMPANY and the

ASSURED, that an Employee would be found guilty

of Larceny or Embezzlement if such Employee

were prosecuted.

The ASSURED shall promptly give notice to the

COMPANY of any such suit or legal proceeding and

at the request of the COMPANY shall furnish copies

of all pleadings and pertinent papers to the

COMPANY. The COMPANY may, at its sole option,

elect to conduct the defense of all or part of

such legal proceeding. The defense by the COMPANY

shall be in the name of the ASSURED through

attorneys selected by the COMPANY. The ASSURED

shall provide all reasonable information and

assistance as required by the COMPANY for such

defense.

If the COMPANY declines to defend the ASSURED, no

settlement without the prior written consent of

the COMPANY nor judgment against the ASSURED shall

determine the existence, extent or amount of

coverage under this Bond.

If the amount demanded in any such suit or legal

proceeding is within the DEDUCTIBLE AMOUNT, if

any, the COMPANY shall have no liability for court

costs and attorney's fees incurred in defending

all or part of such suit or legal proceeding.

If the amount demanded in any such suit or legal

proceeding is in excess of the LIMIT OF LIABILITY

stated in ITEM 2. of the DECLARATIONS for the

applicable INSURING CLAUSE, the COMPANY'S

liability for court costs and attorney's fees

incurred in defending all or part of such suit or

legal proceedings is limited to the proportion of

such court costs and attorney's fees incurred that

the LIMIT OF LIABILITY stated in ITEM 2. of the

DECLARATIONS for the applicable INSURING CLAUSE

bears to the total of the amount demanded in such

suit or legal proceeding.

If the amount demanded is any such suit or legal

proceeding is in excess of the DEDUCTIBLE AMOUNT,

if any, but within the LIMIT OF LIABILITY stated

in ITEM 2. of the DECLARATIONS for the applicable

INSURING CLAUSE, the COMPANY'S liability for court

costs and attorney's fees incurred in defending

all or part of such suit or legal proceedings

shall be limited to the proportion of such court

costs or attorney's fees that the amount demanded

that would be payable under this Bond after

application of the DEDUCTIBLE AMOUNT, bears to the

total amount demanded.

Amounts paid by the COMPANY for court costs and

attorneys' fees shall be in addition to the LIMIT

OF LIABILITY stated in ITEM 2. of the

DECLARATIONS.

Conditions And

Limitations

Definitions

1. As used in this Bond:

a. Computer System means a computer and all input,

output, processing, storage, off-line media

libraries, and communication facilities which

are connected to the computer and which are

under the control and supervision of the

operating system(s) or application(s) software

used by the ASSURED.

b. Counterfeit means an imitation of an actual

valid original which is intended to deceive and

be taken as the original.

c. Custodian means the institution designated by

an Investment Company to maintain possession

and control of its assets.

d. Customer means an individual, corporate,

partnership, trust customer, shareholder or

subscriber of an Investment Company which has a

written agreement with the ASSURED for Voice

Initiated Funds Transfer Instruction.

e. Employee means:

(1) an officer of the ASSURED,

(2) a natural person while in the regular

service of the ASSURED at any of the

ASSURED'S premises and compensated directly

by the ASSURED through its payroll system

and subject to the United States Internal

Revenue Service Form W-2 or equivalent

income reporting plans of other countries,

and whom the ASSURED has the right to

control and direct both as to the result to

be accomplished and details and means by

which such result is accomplished in the

performance of such service,

(3) a guest student pursuing studies or

performing duties in any of the ASSURED'S

premises,

(4) an attorney retained by the ASSURED and an

employee of such attorney while either is

performing legal services for the ASSURED,

(5) a natural person provided by an employment

contractor to perform employee duties for

the ASSURED under the ASSURED'S supervision

at any of the ASSURED'S premises,

(6) an employee of an institution merged or

consolidated with the ASSURED prior to the

effective date of this Bond,

(7) a director or trustee of the ASSURED, but

only while performing acts within the scope

of the customary and usual duties of any

officer or other employee of the ASSURED or

while acting as a member of any committee

duly elected or appointed to examine or

audit or have custody of or access to

Property of the ASSURED, or

Conditions And

Limitations

Definitions

(continued)

(8) each natural person, partnership or corporation

authorized by written agreement with the

ASSURED to perform services as electronic data

processor of checks or other accounting records

related to such checks but only while such

person, partnership or corporation is actually

performing such services and not:

a. creating, preparing, modifying or

maintaining the ASSURED'S computer software

or programs, or

b. acting as transfer agent or in any other

agency capacity in issuing checks, drafts

or securities for the ASSURED,

(9) any partner, officer or employee of an

investment advisor, an underwriter

(distributor), a transfer agent or shareholder

accounting recordkeeper, or an administrator,

for an Investment Company while performing acts

coming within the scope of the customary and

usual duties of an officer or employee of an

Investment Company or acting as a member of any

committee duly elected or appointed to examine,

audit or have custody of or access to Property

of an Investment Company.

The term Employee shall not include any

partner, officer or employee of a transfer

agent, shareholder accounting recordkeeper or

administrator:

a. which is not an “affiliated person” (as

defined in Section 2(a) of the Investment

Company Act of 1940) of an Investment

Company or of the investment advisor or

underwriter (distributor) of such

Investment Company, or

b. which is a “bank” (as defined in Section

2(a) of the Investment Company Act of

1940).

This Bond does not afford coverage in favor

of the employers of persons as set forth in

e. (4), (5) and (8) above, and upon payment

to the ASSURED by the COMPANY resulting

directly from Larceny or Embezzlement

committed by any of the partners, officers

or employees of such employers, whether

acting alone or in collusion with others,

an assignment of such of the ASSURED'S

rights and causes of action as it may have

against such employers by reason of such

acts so committed shall, to the extent of

such payment, be given by the ASSURED to

the COMPANY, and the ASSURED shall execute

all papers necessary to secure to the

COMPANY the rights provided for herein.

Each employer of persons as set forth in e.(4),

(5) and (8) above and the partners, officers

and other employees of such employers shall

collectively be deemed to be one person for all

the purposes of this Bond; excepting, however,

the fifth paragraph of Section 13.

Independent contractors not specified in e.(4),

(5) or (8) above, intermediaries, agents,

brokers or other representatives of the same

general character shall not be considered

Employees.

Conditions And

Limitations

Definitions

(continued)

f. Forgery means the signing of the name of

another natural person with the intent to

deceive but does not mean a signature which

consists in whole or in part of one's own name,

with or without authority, in any capacity for

any purpose.

g. Investment Company means any investment company

registered under the Investment Company Act of

1940 and listed under the NAME OF ASSURED on

the DECLARATIONS.

h. Items of Deposit means one or more checks or

drafts drawn upon a financial institution in

the United States of America.

i. Larceny or Embezzlement means larceny or

embezzlement as defined in Section 37 of the

Investment Company Act of 1940.

j. Property means money, revenue and other stamps;

securities; including any note, stock, treasury

stock, bond, debenture, evidence of

indebtedness, certificate of deposit,

certificate of interest or participation in any

profit-sharing agreement, collateral trust

certificate, preorganization certificate or

subscription, transferable share, investment

contract, voting trust certificate, certificate

of deposit for a security, fractional undivided

interest in oil, gas, or other mineral rights,

any interest or instruments commonly known as a

security under the Investment Company Act of

1940, any other certificate of interest or

participation in, temporary or interim

certificate for, receipt for, guarantee of, or

warrant or right to subscribe to or purchase

any of the foregoing; bills of exchange;

acceptances; checks; withdrawal orders; money

orders; travelers' letters of credit; bills of

lading; abstracts of title; insurance policies,

deeds, mortgages on real estate and/or upon

chattels and interests therein; assignments of

such policies, deeds or mortgages; other

valuable papers, including books of accounts

and other records used by the ASSURED in the

conduct of its business (but excluding all

electronic data processing records); and, all

other instruments similar to or in the nature

of the foregoing in which the ASSURED acquired

an interest at the time of the ASSURED'S

consolidation or merger with, or purchase of

the principal assets of, a predecessor or which

are held by the ASSURED for any purpose or in

any capacity and whether so held gratuitously

or not and whether or not the ASSURED is liable

therefor.

k. Relative means the spouse of an Employee or

partner of the ASSURED and any unmarried child

supported wholly by, or living in the home of,

such Employee or partner and being related to

them by blood, marriage or legal guardianship.

l. Securities, documents or other written

instruments means original (including original

counterparts) negotiable or non-negotiable

instruments, or assignments thereof, which in

and of themselves represent an equitable

interest, ownership, or debt and which are in

the ordinary course of business transferable by

delivery of such instruments with any necessary

endorsements or assignments.

Conditions And

Limitations

Definitions

(continued)

m. Subsidiary means any organization that, at the

inception date of this Bond, is named in the

APPLICATION or is created during the BOND

PERIOD and of which more than fifty percent

(50%) of the outstanding securities or voting

rights representing the present right to vote

for election of directors is owned or

controlled by the ASSURED either directly or

through one or more of its subsidiaries.

n. Transportation Company means any organization

which provides its own or its leased vehicles

for transportation or which provides freight

forwarding or air express services.

o. Voice Initiated Election means any election

concerning dividend options available to

Investment Company shareholders or subscribers

which is requested by voice over the telephone.

p. Voice Initiated Redemption means any redemption

of shares issued by an Investment Company which

is requested by voice over the telephone.

q. Voice Initiated Funds Transfer Instruction

means any Voice Initiated Redemption or Voice

Initiated Election.

For the purposes of these definitions, the

singular includes the plural and the plural

includes the singular, unless otherwise indicated.

General Exclusions

- Applicable to All

Insuring Clauses

2. This bond does not directly or indirectly cover:

a. loss not reported to the COMPANY in writing

within sixty (60) days after termination of

this Bond as an entirety;

b. loss due to riot or civil commotion outside the

United States of America and Canada, or any

loss due to military, naval or usurped power,

war or insurrection. This Section 2.b.,

however, shall not apply to loss which occurs

in transit in the circumstances recited in

INSURING CLAUSE 3., provided that when such

transit was initiated there was no knowledge on

the part of any person acting for the ASSURED

of such riot, civil commotion, military, naval

or usurped power, war or insurrection;

c. loss resulting from the effects of nuclear

fission or fusion or radioactivity;

d. loss of potential income including, but not

limited to, interest and dividends not realized

by the ASSURED or by any customer of the

ASSURED;

e. damages of any type for which the ASSURED is

legally liable, except compensatory damages,

but not multiples thereof, arising from a loss

covered under this Bond;

f. costs, fees and expenses incurred by the

ASSURED in establishing the existence of or

amount of loss under this Bond, except to the

extent covered under INSURING CLAUSE 11.;

g. loss resulting from indirect or consequential

loss of any nature;

Conditions And

Limitations

General Exclusions

- Applicable to All

Insuring Clauses

(continued)

h. loss resulting from dishonest acts by any

member of the Board of Directors or Board of

Trustees of the ASSURED who is not an Employee,

acting alone or in collusion with others;

i. loss, or that part of any loss, resulting

solely from any violation by the ASSURED or by

any Employee:

(1) of any law regulating:

a. the issuance, purchase or sale of

securities,

b. securities transactions on security or

commodity exchanges or the over the

counter market,

c. investment companies,

d. investment advisors, or

(2) of any rule or regulation made pursuant to

any such law; or

j. loss of confidential information, material or

data;

k. loss resulting from voice requests or

instructions received over the telephone,

provided however, this Section 2.k. shall not

apply to INSURING CLAUSE 7. or 9.

Specific Exclusions

- Applicable To All

Insuring Clauses

Except Insuring

Clause 1.

3. This Bond does not directly or indirectly cover:

a. loss caused by an Employee, provided, however,

this Section 3.a. shall not apply to loss

covered under INSURING CLAUSE 2. or 3. which

results directly from misplacement, mysterious

unexplainable disappearance, or damage or

destruction of Property;

b. loss through the surrender of property away

from premises of the ASSURED as a result of a

threat:

(1) to do bodily harm to any natural person,

except loss of Property in transit in the

custody of any person acting as messenger

of the ASSURED, provided that when such

transit was initiated there was no

knowledge by the ASSURED of any such

threat, and provided further that this

Section 3.b. shall not apply to INSURING

CLAUSE 7., or

(2) to do damage to the premises or Property of

the ASSURED;

c. loss resulting from payments made or

withdrawals from any account involving

erroneous credits to such account;

d. loss involving Items of Deposit which are not

finally paid for any reason provided however,

that this Section 3.d. shall not apply to

INSURING CLAUSE 10.;

e. loss of property while in the mail;

Conditions And

Limitations

Specific Exclusions

- Applicable To All

Insuring Clauses

Except Insuring

Clause 1.

(continued)

f. loss resulting from the failure for any reason

of a financial or depository institution, its

receiver or other liquidator to pay or deliver

funds or other Property to the ASSURED provided

further that this Section 3.f. shall not apply

to loss of Property resulting directly from

robbery, burglary, misplacement, mysterious

unexplainable disappearance, damage,

destruction or removal from the possession,

custody or control of the ASSURED.

g. loss of Property while in the custody of a

Transportation Company, provided however, that

this Section 3.g. shall not apply to INSURING

CLAUSE 3.;

h. loss resulting from entries or changes made by

a natural person with authorized access to a

Computer System who acts in good faith on

instructions, unless such instructions are

given to that person by a software contractor

or its partner, officer, or employee authorized

by the ASSURED to design, develop, prepare,

supply, service, write or implement programs

for the ASSURED's Computer System; or

i. loss resulting directly or indirectly from the

input of data into a Computer System terminal,

either on the premises of the customer of the

ASSURED or under the control of such a

customer, by a customer or other person who had

authorized access to the customer's

authentication mechanism.

Specific Exclusions

- Applicable To All

Insuring Clauses

Except Insuring

Clauses 1., 4., And

4. This bond does not directly or indirectly cover:

a. loss resulting from the complete or partial

non-payment of or default on any loan whether

such loan was procured in good faith or through

trick, artifice, fraud or false pretenses;

provided, however, this Section 4.a. shall not

apply to INSURING CLAUSE 8.;

b. loss resulting from forgery or any alteration;

c. loss involving a counterfeit provided, however,

this Section 4.c. shall not apply to INSURING

CLAUSE 5. or 6.

Limit Of

Liability/Non-

Reduction And Non-

Accumulation Of

Liability

5. At all times prior to termination of this Bond,

this Bond shall continue in force for the limit

stated in the applicable sections of ITEM 2. of

the DECLARATIONS, notwithstanding any previous

loss for which the COMPANY may have paid or be

liable to pay under this Bond provided, however,

that the liability of the COMPANY under this Bond

with respect to all loss resulting from:

a. any one act of burglary, robbery or hold-up, or

attempt thereat, in which no Employee is

concerned or implicated, or

b. any one unintentional or negligent act on the

part of any one person resulting in damage to

or destruction or misplacement of Property, or

c. all acts, other than those specified in a.

above, of any one person, or

Conditions And

Limitations

Limit Of

Liability/Non-

Reduction And Non-

Accumulation Of

Liability

(continued)

d. any one casualty or event other than those

specified in a., b., or c. above,

shall be deemed to be one loss and shall be

limited to the applicable LIMIT OF LIABILITY

stated in ITEM 2. of the DECLARATIONS of this Bond

irrespective of the total amount of such loss or

losses and shall not be cumulative in amounts from

year to year or from period to period.

All acts, as specified in c. above, of any one

person which

i. directly or indirectly aid in any way wrongful

acts of any other person or persons, or

ii. permit the continuation of wrongful acts of any

other person or persons

whether such acts are committed with or without

the knowledge of the wrongful acts of the person

so aided, and whether such acts are committed with

or without the intent to aid such other person,

shall be deemed to be one loss with the wrongful

acts of all persons so aided.

Discovery

6. This Bond applies only to loss first discovered by

an officer of the ASSURED during the BOND PERIOD.

Discovery occurs at the earlier of an officer of

the ASSURED being aware of:

a. facts which may subsequently result in a loss

of a type covered by this Bond, or

b. an actual or potential claim in which it is

alleged that the ASSURED is liable to a third

party,

regardless of when the act or acts causing or

contributing to such loss occurred, even though

the amount of loss does not exceed the applicable

DEDUCTIBLE AMOUNT, or the exact amount or details

of loss may not then be known.

Notice To Company -

Proof - Legal

Proceedings Against

Company

7. a. The ASSURED shall give the COMPANY notice

thereof at the earliest practicable moment, not

to exceed sixty (60) days after discovery of

loss, in an amount that is in excess of 50% of

the applicable DEDUCTIBLE AMOUNT, as stated in

ITEM 2. of the DECLARATIONS.

b. The ASSURED shall furnish to the COMPANY proof

of loss, duly sworn to, with full particulars

within six (6) months after such discovery.

c. Securities listed in a proof of loss shall be

identified by certificate or bond numbers, if

issued with them.

d. Legal proceedings for the recovery of any loss

under this Bond shall not be brought prior to

the expiration of sixty (60) days after the

proof of loss is filed with the COMPANY or

after the expiration of twenty-four (24) months

from the discovery of such loss.

e. This Bond affords coverage only in favor of the

ASSURED. No claim, suit, action or legal

proceedings shall be brought under this Bond by

anyone other than the ASSURED.

Conditions And

Limitations

Notice To Company -

Proof - Legal

Proceedings Against

Company

(continued)

f. Proof of loss involving Voice Initiated Funds

Transfer Instruction shall include electronic

recordings of such instructions.

Deductible Amount

8. The COMPANY shall not be liable under any INSURING

CLAUSES of this Bond on account of loss unless the

amount of such loss, after deducting the net

amount of all reimbursement and/or recovery

obtained or made by the ASSURED, other than from

any Bond or policy of insurance issued by an

insurance company and covering such loss, or by

the COMPANY on account thereof prior to payment by

the COMPANY of such loss, shall exceed the

DEDUCTIBLE AMOUNT set forth in ITEM 3. of the

DECLARATIONS, and then for such excess only, but

in no event for more than the applicable LIMITS OF

LIABILITY stated in ITEM 2. of the DECLARATIONS.

There shall be no deductible applicable to any

loss under INSURING CLAUSE 1. sustained by any

Investment Company.

Valuation

9. BOOKS OF ACCOUNT OR OTHER RECORDS

The value of any loss of Property consisting of

books of account or other records used by the

ASSURED in the conduct of its business shall be

the amount paid by the ASSURED for blank books,

blank pages, or other materials which replace the

lost books of account or other records, plus the

cost of labor paid by the ASSURED for the actual

transcription or copying of data to reproduce such

books of account or other records.

The value of any loss of Property other than books

of account or other records used by the ASSURED in

the conduct of its business, for which a claim is

made shall be determined by the average market

value of such Property on the business day

immediately preceding discovery of such loss

provided, however, that the value of any Property

replaced by the ASSURED with the consent of the

COMPANY and prior to the settlement of any claim

for such Property shall be the actual market value

at the time of replacement.

In the case of a loss of interim certificates,

warrants, rights or other securities, the

production of which is necessary to the exercise

of subscription, conversion, redemption or deposit

privileges, the value of them shall be the market

value of such privileges immediately preceding

their expiration if said loss is not discovered

until after their expiration. If no market price

is quoted for such Property or for such

privileges, the value shall be fixed by agreement

between the parties.

OTHER PROPERTY

The value of any loss of Property, other than as

stated above, shall be the actual cash value or

the cost of repairing or replacing such Property

with Property of like quality and value, whichever

is less.

Conditions And

Limitations

(continued)

Securities

Settlement

10. In the event of a loss of securities covered under

this Bond, the COMPANY may, at its sole

discretion, purchase replacement securities,

tender the value of the securities in money, or

issue its indemnity to effect replacement

securities.

The indemnity required from the ASSURED under the

terms of this Section against all loss, cost or

expense arising from the replacement of securities

by the COMPANY'S indemnity shall be:

a. for securities having a value less than or

equal to the applicable DEDUCTIBLE AMOUNT - one

hundred (100%) percent;

b. for securities having a value in excess of the

DEDUCTIBLE AMOUNT but within the applicable

LIMIT OF LIABILITY - the percentage that the

DEDUCTIBLE AMOUNT bears to the value of the

securities;

c. for securities having a value greater than the

applicable LIMIT OF LIABILITY - the percentage

that the DEDUCTIBLE AMOUNT and portion in

excess of the applicable LIMIT OF LIABILITY

bears to the value of the securities.

The value referred to in Section 10.a., b., and c.

is the value in accordance with Section 9,

VALUATION, regardless of the value of such

securities at the time the loss under the

COMPANY'S indemnity is sustained.

The COMPANY is not required to issue its indemnity

for any portion of a loss of securities which is

not covered by this Bond; however, the COMPANY may

do so as a courtesy to the ASSURED and at its sole

discretion.

The ASSURED shall pay the proportion of the

Company's premium charge for the Company's

indemnity as set forth in Section 10.a., b., and

c. No portion of the LIMIT OF LIABILITY shall be

used as payment of premium for any indemnity

purchased by the ASSURED to obtain replacement

securities.

Subrogation -

Assignment -

Recovery

11. In the event of a payment under this Bond, the

COMPANY shall be subrogated to all of the

ASSURED'S rights of recovery against any person or

entity to the extent of such payment. On request,

the ASSURED shall deliver to the COMPANY an

assignment of the ASSURED'S rights, title and

interest and causes of action against any person

or entity to the extent of such payment.

Recoveries, whether effected by the COMPANY or by

the ASSURED, shall be applied net of the expense

of such recovery in the following order:

a. first, to the satisfaction of the ASSURED'S

loss which would otherwise have been paid but

for the fact that it is in excess of the

applicable LIMIT OF LIABILITY,

b. second, to the COMPANY in satisfaction of

amounts paid in settlement of the ASSURED'S

claim,

c. third, to the ASSURED in satisfaction of the

applicable DEDUCTIBLE AMOUNT, and

Conditions And

Limitations

Subrogation -

Assignment -

Recovery

(continued)

d. fourth, to the ASSURED in satisfaction of any

loss suffered by the ASSURED which was not

covered under this Bond.

Recovery from reinsurance or indemnity of the

COMPANY shall not be deemed a recovery under this

section.

Cooperation Of

Assured

12. At the COMPANY'S request and at reasonable times

and places designated by the COMPANY, the ASSURED

shall:

a. submit to examination by the COMPANY and

subscribe to the same under oath,

b. produce for the COMPANY'S examination all

pertinent records, and

c. cooperate with the COMPANY in all matters

pertaining to the loss.

The ASSURED shall execute all papers and render

assistance to secure to the COMPANY the rights and

causes of action provided for under this Bond.

The ASSURED shall do nothing after loss to

prejudice such rights or causes of action.

Termination

13. If the Bond is for a sole ASSURED, it shall not be

terminated unless written notice shall have been

given by the acting party to the affected party

and to the Securities and Exchange Commission,

Washington, D.C., not less than sixty (60) days

prior to the effective date of such termination.

If the Bond is for a joint ASSURED, it shall not

be terminated unless written notice shall have

been given by the acting party to the affected

party, and by the COMPANY to all ASSURED

Investment Companies and to the Securities and

Exchange Commission, Washington, D.C., not less

than sixty (60) days prior to the effective date

of such termination.

This Bond will terminate as to any one ASSURED,

other than an Investment Company:

a. immediately on the taking over of such ASSURED

by a receiver or other liquidator or by State

or Federal officials, or

b. immediately on the filing of a petition under

any State or Federal statute relative to

bankruptcy or reorganization of the ASSURED, or

assignment for the benefit of creditors of the

ASSURED, or

c. immediately upon such ASSURED ceasing to exist,

whether through merger into another entity,

disposition of all of its assets or otherwise.

The COMPANY shall refund the unearned premium

computed at short rates in accordance with the

standard short rate cancellation tables if

terminated by the ASSURED or pro rata if

terminated for any other reason.

Conditions And

Limitations

Termination

(continued)

If any partner, director, trustee, or officer or

supervisory employee of an ASSURED not acting in

collusion with an Employee learns of any dishonest

act committed by such Employee at any time,

whether in the employment of the ASSURED or

otherwise, whether or not such act is of the type

covered under this Bond, and whether against the

ASSURED or any other person or entity, the

ASSURED:

a. shall immediately remove such Employee from a

position that would enable such Employee to

cause the ASSURED to suffer a loss covered by

this Bond; and

b. within forty-eight (48) hours of learning that

an Employee has committed any dishonest act,

shall notify the COMPANY, of such action and

provide full particulars of such dishonest act.

The COMPANY may terminate coverage as respects any

Employee sixty (60) days after written notice is

received by each ASSURED Investment Company and

the Securities and Exchange Commission,

Washington, D.C. of its desire to terminate this

Bond as to such Employee.

Other Insurance

14. Coverage under this Bond shall apply only as

excess over any valid and collectible insurance,

indemnity or suretyship obtained by or on behalf

of:

a. the ASSURED,

b. a Transportation Company, or

c. another entity on whose premises the loss

occurred or which employed the person causing

the loss or engaged the messenger conveying the

Property involved.

Conformity

15. If any limitation within this Bond is prohibited

by any law controlling this Bond's construction,

such limitation shall be deemed to be amended so

as to equal the minimum period of limitation

provided by such law.

Change or

Modification

16. This Bond or any instrument amending or affecting

this Bond may not be changed or modified orally.

No change in or modification of this Bond shall be

effective except when made by written endorsement

to this Bond signed by an authorized

representative of the COMPANY.

If this Bond is for a sole ASSURED, no change or

modification which would adversely affect the

rights of the ASSURED shall be effective prior to

sixty (60) days after written notice has been

furnished to the Securities and Exchange

Commission, Washington, D.C., by the acting party.

Conditions And

Limitations

Change or

Modification

(continued)

If this Bond is for a joint ASSURED, no charge or

modification which would adversely affect the

rights of the ASSURED shall be effective prior to

sixty (60) days after written notice has been

furnished to all insured Investment Companies and

to the Securities and Exchange Commission,

Washington, D.C., by the COMPANY.

ICAP Bond (5-98)

Form 17-02-1421 (Ed. 5-98) Page 34 of 19

ICAP Bond (5-98)

Form 17-02-1421 (Ed. 5-98) Page 35 of 19

ICAP Bond (5-98)

Form 17-02-1421 (Ed. 5-98) Page 1 of 19

Chubb Group of Insurance Companies DECLARATIONS

FINANCIAL INSTITUTION INVESTMENT

15 Mountain View Road, Warren, New Jersey 07059

COMPANY ASSET PROTECTION BOND

NAME OF ASSURED (including its Subsidiaries): Bond

Number: 81906663

TAIWAN GREATER CHINA FUND

FEDERAL INSURANCE

COMPANY

C/O BROWN BROTHERS HARRIMAN & CO. Incorporated

under the laws of Indiana

BOSTON, MA 02109 a stock insurance

company herein called the COMPANY

Capital Center,

251 North Illinois, Suite 1100

Indianapolis, IN

46204-1927

ITEM 1. BOND PERIOD: from 12:01 a.m. on June 12,

2006

to 12:01 a.m. on June 12, 2007

ITEM 2. LIMITS OF LIABILITY—DEDUCTIBLE AMOUNTS:

If “Not Covered” is inserted below opposite any

specified INSURING CLAUSE, such INSURING CLAUSE and

any other reference shall be deemed to be deleted.

There shall be no deductible applicable to any loss

under INSURING CLAUSE 1. sustained by any Investment

Company.

DEDUCTIBLE

INSURING CLAUSE LIMIT OF

LIABILITY AMOUNT

1. Employee $ 1,000,000 $ 50,000

2. On Premises $ 1,000,000 $ 50,000

3. In Transit $ 1,000,000 $ 50,000

4. Forgery or Alteration $ 1,000,000 $ 50,000

5. Extended Forgery $ 1,000,000 $ 50,000

6. Counterfeit Money $ 1,000,000 $ 50,000

7. Threats to Person $ NOT COVERED $ NOT COVERED

8. Computer System $ 1,000,000 $ 50,000

9. Voice Initiated Funds Transfer Instruction $

1,000,000 $ 50,000

10 Uncollectible Items of Deposit $ 25,000 $ 5,000

11. Audit Expense $ 25,000 $ 5,000

ITEM 3. THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE

FOLLOWING

ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:

1) Revise Item 2., 2) Delete Valuation-Other Property Endorsement,

3) Compliance with Applicable Trade Sanction Laws, 4) Termination-

Nonrenewal-Notice, 5) Stop Payment Order Or Refusal to Pay Check

Endorsement, 6) Unauthorized Signature Endorsement

IN WITNESS WHEREOF, THE COMPANY has caused this Bond to be signed by its

authorized officers, but it shall not be valid unless also signed by an

authorized representative of the Company.

Secretary

President

Countersi

gned by

Authorized Representative

Form 17-02-1320 (Ed. XX-XX) Page 2 of 2

ICAP Bond (5-98) - Federal

Form 17-02-1421 (Ed. 5-98) Page 1 of 1

FEDERAL INSURANCE COMPANY

Endorsement No.: 2

Bond Number: 81906663

NAME OF ASSURED: TAIWAN GREATER CHINA FUND

DELETING VALUATION-OTHER PROPERTY ENDORSEMENT

It is agreed that this Bond is amended by deleting in its entirety

the paragraph titled Other Property in Section 9., Valuation.

This Endorsement applies to loss discovered after 12:01 a.m. on

June 12, 2006.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: August 8,

2006

Authorized

Representative

ICAP Bond

Form 17-02-2437 (Ed. 1-01)

Effective date of

this endorsement: June 12, 2006 FEDERAL INSURANCE COMPANY

Endorsement No.: 3

To be attached to and form a part of Bond

Number: 81906663

Issued to: TAIWAN GREATER CHINA FUND

COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS RIDER

It is agreed that this insurance does not apply to the extent that

trade or economic sanctions or other laws or regulations prohibit

the coverage provided by this insurance.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: August 8,

2006

Authorized

Representative

Form 14-02-9228 (Ed. 4/2004)

FEDERAL INSURANCE COMPANY

Endorsement No: 4

Bond Number: 81906663

NAME OF ASSURED: TAIWAN GREATER CHINA FUND

TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT

It is agreed that this Bond is amended as follows:

1. By adding to Section 13., Termination, the following:

“Termination By The Company

Bonds In Effect For More Than Sixty (60) Days

If this Bond has been in effect for more than sixty (60) days,

or, if this Bond is a renewal, the COMPANY may terminate by

providing written notice of cancellation at least sixty

(60) days before the effective date of termination for at

least one of the following reasons:

1. Nonpayment of premium;

2. Discovery of fraud or material misrepresentation in

obtaining this Bond or in the presentation of a claim

thereunder;

3. Discovery of willful or reckless acts or omissions or

violation of any provision of this Bond on the part of the

ASSURED which substantially and materially increases any

hazard insured against, and which occurred subsequent to the

inception of the current BOND PERIOD;

4. Conviction of the ASSURED of a crime arising out of acts

increasing the hazard insured against;

5. Material change in the risk which increases the risk of

loss after insurance coverage has been issued or renewed,

except to the extent that the COMPANY should reasonably have

foreseen the change, or contemplated the risk when the

contract was written;

6. Determination by the Commissioner that the continuation of

the Bond would jeopardize a COMPANY'S solvency or would

place the COMPANY in violation of the insurance laws of any

state;

7. Determination by the Commissioner that continuation of the

present premium volume of the COMPANY would jeopardize the

COMPANY'S policyholders, creditors or the public;

8. Such other reasons that are approved by the Commissioner;

9. Determination by the Commissioner that the COMPANY no

longer has adequate reinsurance to meet the ASSUREDS needs;

10. Substantial breaches of contractual duties, conditions or

warranties; or

11. Unfavorable underwriting facts, specific to the ASSURED,

existing that were not present at the inception of the

Bond.

Bonds In Effect Sixty (60) Days Or Less

If this Bond has been in effect for sixty (60) days or less,

and it is not a renewal Bond, the COMPANY may terminate for

any reason by providing written notice of termination at

least sixty (60) days before the effective date of

termination.

Notice Of Termination

Notice of termination under this Section shall be mailed or

delivered, by certified mail, return receipt provided by

the United States Postal Service, to the ASSURED and to the

authorized agent or broker, if any, at least sixty (60)

days prior to the effective date of cancellation at the

address shown on the DECLARATIONS of this Bond.

If this Bond is cancelled for nonpayment of premium, the

COMPANY will mail or deliver, by certified mail, return

receipt provided by the United States Postal Service, a

written notice at least thirty (30) days before the

effective date of cancellation. The cancellation notice

shall contain information regarding the amount of premium

due and the due date, and shall state the effect of

nonpayment by the due date. Cancellation shall not be

effective if payment of the amount due is made prior to the

effective date of cancellation.

All notice of cancellation shall state the reason(s) for

cancellation.

There is no liability on the part of, and no cause of action

of any nature shall arise against, the COMPANY, its authorized

representatives, its employees, or any firm, person or

corporation furnishing to the COMPANY, information relating to

the reasons for cancellation or nonrenewal, for any statement

made by them in complying or enabling the COMPANY to comply

with this Section, for the provision of information pertaining

thereto, or for statements made or evidence submitted at any

hearings conducted in connection therewith, if such

information was provided in good faith and without malice.

Notice Of Nonrenewal

If the COMPANY elects not to renew this Bond, the COMPANY

shall mail or deliver written notice, by certified mail,

return receipt, provided by the United States Postal

Service, to the ASSURED, at his last known address, at

least sixty (60) days before the expiration date or before

the anniversary date, if this Bond has been written for a

term of more than one (1) year. Such notice shall also be

mailed to the ASSURED'S agent or broker, if any.

Such notice shall contain all of the following:

a. Bond Number:

b. Date of Notice;

c. Reason for Cancellation;

d. Expiration Date of the Bond;

e. Effective Date and Hour of Cancellation.

Notice of nonrenewal shall not be required if the COMPANY or

a COMPANY within the same insurance group has offered to

issue a renewal Bond, the ASSURED has obtained replacement

coverage or has agreed in writing to obtain replacement

coverage, the ASSURED has requested or agreed to nonrenewal,

or the Bond is expressly designated as nonrenewable.

Return Premium Calculations

Any unearned premiums which have been paid by the ASSURED

shall be refunded to the ASSURED on a pro rata basis if

terminated by the COMPANY or the ASSURED. The unearned

premiums shall be refunded to the ASSURED within forty-five

(45) days of receipt of the request for cancellation or the

effective date of cancellation, whichever is later.

Conditional Renewal

If the COMPANY offers or purports to renew the Bond, but on

less favorable terms or at higher rates, the new terms or

higher premiums may take effect on the renewal date, if the

COMPANY mails or delivers by certified mail, return receipt

provided by the United States Postal Service, to the

ASSURED, notice of the new terms or premiums at least sixty

(60) days prior to the renewal date. If the COMPANY

notifies the ASSURED within sixty (60) days prior to the

renewal date, the new terms or premiums do not take effect

until sixty (60) days after the notice is mailed or

delivered, in which case, the ASSURED may elect to cancel

the renewal Bond within the sixty (60) day period. If the

COMPANY does not notify the ASSURED of the new terms or

premiums, the COMPANY shall continue the Bond at the

expiring terms and premiums until notice is given or until

the effective date of replacement coverage is obtained by

the ASSURED, whichever occurs first.”

2. It is further understood and agreed that for the purposes of

Section 13., Termination, any occurrence listed in this

Section shall be considered to be a request by the ASSURED to

immediately terminate this Bond.

This Endorsement applies to loss discovered after 12:01 a.m. on

June 12, 2006.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: August 8, 2006

Authorized Representative

ICAP Bond

Form 17-02-1360 (Rev. 10-99) Page 1

FEDERAL INSURANCE COMPANY

Endorsement No.: 5

Bond Number: 81906663

NAME OF ASSURED: TAIWAN GREATER CHINA FUND

UNAUTHORIZED SIGNATURE ENDORSEMENT

It is agreed that this Bond is amended as follows:

1. By adding the following INSURING CLAUSE:

12. Unauthorized Signature

Loss resulting directly from the ASSURED having accepted,

paid or cashed any check or Withdrawal Order made or drawn on

or against the account of the ASSURED’S customer which bears

the signature or endorsement of one other than a person whose

name and signature is on file with the ASSURED as a signatory

on such account.

It shall be a condition precedent to the ASSURED'S right of

recovery under this INSURING CLAUSE that the ASSURED shall

have on file signatures of all the persons who are

signatories on such account.

2. By adding to Section 1., Definitions, the following:

r. Instruction means a written order to the issuer of an

Uncertificated Security requesting that the transfer, pledge

or release from pledge of the specified Uncertificated

Security be registered.

s. Uncertificated Security means a share, participation or

other interest in property of or an enterprise of the issuer

or an obligation of the issuer, which is:

(1) not represented by an instrument and the transfer of

which is registered on books maintained for that purpose

by or on behalf of the issuer, and

(2) of a type commonly dealt in on securities exchanges or

markets, and

(3) either one of a class or series or by its terms

divisible into a class or series of shares,

participations, interests or obligations.

t. Withdrawal Order means a non-negotiable instrument, other

than an Instruction, signed by a customer of the ASSURED

authorizing the ASSURED to debit the customer’s account in

the amount of funds stated therein.

This Endorsement applies to loss discovered after 12:01 a.m. on

June 12, 2006.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: August 8,

2006

Authorized

Representative

ICAP Bond

Form 17-02-5602 (Ed. 10-03) Page 1 of 2

FEDERAL INSURANCE COMPANY

Endorsement No.: 6

Bond Number: 81906663

NAME OF ASSURED: TAIWAN GREATER CHINA FUND

STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT

It is agreed that this Bond is amended as follows:

1. By adding the following INSURING CLAUSE:

“13. Stop Payment Order or

Refusal to Pay Check

Loss resulting directly from the ASSURED being legally liable to

pay compensatory damages for:

a. complying or failing to comply with notice from any

customer of the ASSURED or any authorized representative of

such customer, to stop payment on any check or draft made or

drawn upon or against the ASSURED by such customer or by any

authorized representative of such customer, or

b. refusing to pay any check or draft made or drawn upon or

against the ASSURED by any customer of the ASSURED or by any

authorized representative of such customer.”

2. By adding the following Specific Exclusion:

“Section 4.A. Specific Exclusions - Applicable to INSURING CLAUSE

This Bond does not directly or indirectly cover:

a. liability assumed by the ASSURED by agreement under any

contract, unless such liability would have attached to the

ASSURED even in the absence of such agreement,

b. loss arising out of:

(1) libel, slander, wrongful entry, eviction, defamation,

false arrest, false imprisonment, malicious

prosecution, assault or battery,

(2) sickness, disease, physical bodily harm, mental or

emotional distress or anguish, or death of any person, or

(3) discrimination.”

This Endorsement applies to loss discovered after 12:01 a.m. on

June 12, 2006.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: August 8,

2006

Authorized

Representative

ICAP Bond

Form 17-02-2365 (Ed. 10-00)

TAIWAN GREATER CHINA FUND

Certificate of Secretary

I, Amy L Morris, Assistant Secretary of the Taiwan Greater China Fund (the “Trust”), hereby certify on behalf of the Trust as follows:

1.	Submitted herewith is a copy of the most recent received Fidelity Bond (the “Bond”) procured by the Trust, in the amount of $1,000,000 and in the form required by Rule 17g-1 under the Investment Company Act of 1940, as amended (the “1940 Act”).

Attached hereto as Exhibit A, is a copy of resolutions approving the form and amount of the Bond, unanimously adopted by the Board of Trustees of the Trust, including a majority of such Trustees who are not “interested persons” , as defined in the 1940 Act, of the Trust, at their meeting on June 21, 2006.

3.	The premium with respect to the Bond has been paid for the period from approximately June 12, 2006 to June 12, 2007.

/s/ Amy L. Morris

Amy L. Morris

Dated: August 16, 2006

Exhibit A

TAIWAN GREATER CHINA FUND

RESOLUTIONS

Adopted at the Meeting of

The Board of Trustees on

June 21, 2006

RESOLVED: that the Fidelity Bond (the “Bond”) written by Chubb/Executive Risk Specialty Insurance Company in the amount of $1.0 million covering, among others, officers and employees of the Trust, in accordance with the requirements of Rule 17g-1 promulgated by the Securities and Exchange Commission (“SEC”) under Section 17(g) of the Investment Company Act of 1940, is reasonable in form and amount after having given due consideration to, among other things, the value of the aggregate assets of the Trust to which any person covered under the Bond may have access, the type and terms of the arrangements made for the custody and safekeeping of assets of the Trust, the nature of the securities held by the Trust;

RESOLVED: that the payment of the premium in the amount of $3,000 for the Bond is ratified, approved and confirmed;

RESOLVED: that the Chief Executive Officer of the Trust be, and hereby is, authorized and directed to prepare and file or cause to be prepared and filed the Bond and such other materials deemed necessary and appropriate, in accordance with the requirements of Rule 17g-1 promulgated by the United States Securities and Exchange Commission (“SEC”) under Section 17(g) of the Investment Company Act of 1940, as amended.