WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934



(AMENDMENT NO.                          2 )*


NAME OF ISSUER:Indonesia Fund Inc.



TITLE OF CLASS
OF SECURITIES: Common



CUSIP:                          455778100



Check the following box if a fee is being paid with this statement [       ].

(A fee is not required if the filing person:(1) has a previous statement on  
file reporting beneficial ownership of more than five percent of the class 
of securities described in Item 1; and (2) has filed no amendment l
subsequent thereto reporting beneficial ownership of five percent 
or less of such class.) (See Rule 13-d-7).

* The remainder of this cover page shall be filled out for a person's initial  
filing on this form with respect to the subject class of securities, 
and for any subsequent amendment containing information which would 
alter the disclosure provided in a prior cover page.

The information required in the remainder of this cover page shall not be  
 deemed to be "filed" for the purpose of Section 18 of the Securities 
Exchange Act of 1934 ("ACT") or otherwise subject to the liabilities of 
that section of the act but shall be subject to all other provisions of the Act 
(however, see the Notes).



                              13G


CUSIP NO.                       455778100


             1 NAME OF REPORTING PERSON
               S.S. OR I.R.S. ID NO       Fiduciary Trust Company International
               OF ABOVE 
               PERSON                     13-5069335

             2 CHECK THE APPROPRIATE      (A)            (B)   XX
               BOX IF A MEMBER OF A 
               A GROUP*

             3 SEC USE ONLY


             4 CITIZENSHIP OR PLACE OF ORGANIZATION      New York State




   NUMBER OF   5 SOLE VOTING POWER                                 NA
    SHARES
 BENEFICIALLY  6 SHARED VOTING POWER                               NA
   OWNED BY
     EACH      7 SOLE DISPOSITIVE POWER                            NA
   REPORTING
    PERSON     8 SHARED DISPOSITIVE POWER                          NA
     WITH


9              AGGREGATE AMOUNT BENEFICIALLY OWNED                 NA
               BY EACH REPORTING PERSON


            10 CHECK BOX IF THE AGGREGATE AMOUNT IN
               ROW (9) EXCLUDES CERTAIN SHARES *


            11 PERCENT OF CLASS REPRESENTED BY                     NA
               IN ROW 9


            12 TYPE OF REPORTING PERSON*                           BK




SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE EXCHANGE ACT OF 1934

(AMENDMENT NO.                          2 )*

ITEM 1
(a) Name of Issuer                        Indonesia Fund Inc.
                                          c/o Bea Associates
(b)Address of Issuer's Principal          153 E 53rd Street
    Executive Offices:                    New York, New York 10022


ITEM 2
(a) Name of Person Filing                 Fiduciary Trust Company International


(b) Address of Principal
     Business Office or, if non residence:Two World Trade Center
                                          New York, New York 10048

(c) Citizenship:                          New York

(d) Title of Class Securities:            Common

(e) Cusip                                      455778100

ITEM 3
The person filing is:

(a)            Broker or Dealer registered under Section 15 of the Act
(b)          X Bank as defined in section 3 (a)(6) of the Act
(c)            Insurance Company as defined in section 3(a)(19) of the Act 
(d)            Investment Company registered under section 8 of the Investment  
               Company Act.
(e)            Investment Advisor registered under section 203 of the  
               Investment Advisors Act of 1940
(f)            EBP, Pension Fund which is subject to the provisions of the 
               Employee Retirement Income Security Act of 1974 or Endowment
               Fund; see 240.13d-1(b) (1) (ii) (F)
(g)            Parent Holding Company, in accordance with 240.13d-1(b) (ii) (G)
(h)            Group, in accordance with 240.13d-1(b) (1) (ii) (H)






ITEM 4 
OWNERSHIP

(a)            Amount Beneficially Owned:                NA
(b)            Percent of Class:                         NA
(c)            Number of shares as to which each
               person has:
               (i) sole power to vote or to direct vote  NA
               (ii) shared power to vote or to direct votNA
               (iii) sole power to dispose or to direct
                    disposition of                       NA
               (iv) shared power to dispose or to 
                     direct the disposition of           NA

ITEM 5
Ownership of Five Percent or Less of a Class 
                                                                   NA

ITEM 6
Ownership of More Than Five Percent On Behalf of
Another Person
               Fiduciary Trust Company International no longer has  
               investment responsibility with respect to these assets.


ITEM 7
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company                                                    NA

ITEM 8
Identification and Classification of Members of the Group          NA

ITEM 9
Notice of Dissolution of Group                                     NA

ITEM 10
Certification

By signing below I certify that, to the best of my knowledge and belief, 
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the 
effect of changing or influencing the control of the issuer of the 
securities and were not acquired in connection with our as a 
participant in any transaction having such a purpose or effect.


Signature

After reasonable inquiry and to the best of my knowledge and belief, 
I certify that the information set forth in this statement
is true, complete and correct.

DATE                                      SIGNATURE
      01/31/97


                                          F.K. Granville