U.S. Securities and Exchange Commission
                                         Washington, D.C.

                                             FORM 5

                      ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act or 1935 or Section 30(f) of the
Investment Company Act of 1940.

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1.  Name and Address of Reporting Person

    OTR - Nominee Name for The State Teachers Retirement Board of Ohio
    275 East Broad Street
    Columbus, Ohio  43215
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2.  Statement for Month/Year

    12/31/1999
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3.  IRS or Social Security Number of Reporting Person

    31-1312155
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4.  Issuer Name and Ticker or Trading Symbol

    TURKISH INVT FD INC (TKF.N)
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5.  If Amendment, Date of Original (Month/Year)

    N/A
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6.  Relationship of Reporting Person(s) to Issuer (Check all applicable)
     ( ) Director   (X) 10% Owner     ( ) Officer (give title below)
     ( ) Other
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TABLE 1  - Non-Derivative Securities Acquired, Disposed of, or Beneficially
           Owned
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1.  Title of Security

    CTRY
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2.  Amount of Securities Beneficially Owned

    855900
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3.  Ownership Form:  Direct (D) or Indirect (I)

    D
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4.  Nature of Direct Beneficial Ownership

The securities above were acquired in the ordinary course of business and were
not acquired for the purpose or, and do not have the effect of, changing or
influencing the control of the issuer of such securities, and were not acquired
in connection with, or as a participant in, any transaction having such purposes
or effect.
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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.

DATED:     12/31/1999

OTR - Nominee Name for The State Teachers Retirement Board of Ohio
275 East Broad Street
Columbus, Ohio  43215
STEPHEN A. MITCHELL
/s/Stephen A. Mitchell
 ...........................................
Stephen A. Mitchell
Deputy Executive Director, Investments
614-227-4003