SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities and Exchange Act of 1934
(Amendment No. 44)

Europe Fund Inc.
(EF)
(Name of Issuer)

Common Stock
(Title of Class of Securities)

29874M103
(CUSIP Number)

George W. Karpus, President
Karpus Management, Inc. d/b/a
Karpus Investment Management
183 Sully?s Trail
Pittsford, New York 14534
(585) 586-4680

(Name, Address, and Telephone Number of Person Authorized to Receive
Notices and Communications)

April 7, 2006
(Date of Event which Requires Filing of this Statement)

If the person has previously filed a statement on Schedule 13G to
report the Acquisition which is the subject of this Schedule 13D,
 and is filing this schedule because of Rule 13d-1 (b) (3) or (4), check
the following box. [ ]

(Page 1 of 6 pages)
There are no exhibits.

Item 1.  Security and Issuer

Common Stock
Europe Fund Inc.
800 Scudders Mill Road
Plainsboro, New Jersey 08536


Item 2.  Identity and Background

(a)  Karpus Management, Inc. d/b/a Karpus Investment Management (?KIM?),
George W. Karpus, President, Director and Controlling Stockholder, JoAnn
Van Degriff, Vice-President and Director, and Sophie Karpus, Director.

(b)  The address of KIM?s principal place of business and principal office is
183 Sully?s Trail, Pittsford, New York 14534.

(c)  Principal business and occupation ? Investment Management for
individuals, pension and profit sharing plans, corporations, endowments,
trust and others, specializing in conservative asset management (i.e. fixed
income investments).

(d)  None of George W. Karpus, Jo Ann Van Degriff, or Sophie Karpus
(?the Principals?) or KIM has been convicted in the past five years of any
criminal proceeding (excluding traffic violations).

(e)  During the last five years none of the principals or KIM has been a party
to a civil proceeding as a result of which any of them is subject to a judgment,
decree or final order enjoining future violations of or prohibiting or
mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.

(f)  Each of the Principals is a United States citizen.  KIM is a New York
corporation.


Item 3.  Source and Amount of Funds or Other Considerations

KIM, an independent investment advisor, has accumulated 750,646 shares
of EF on behalf of accounts that are managed by KIM (?the Accounts?)
under limited powers of attorney.  All funds that have been utilized in
making such purchases are from such Accounts.


Item 4.  Purpose of Transaction

KIM has purchased Shares for investment purposes.  However, KIM
reserves the right to contact management with regard to concerns that
they have with respect to the Fund.  This may include letters to the
Board and/or other communications with Fund management. Being
primarily a fixed income manager, with a specialty focus in the closed
end fund sector, the profile of EF fit the investment guidelines for
various Accounts.  Shares have been acquired since July 10, 1996.


Item 5.  Interest in Securities of the Issuer

(a) As of the date of this Report, KIM owns 750,646 shares,
which represents 7.46% of the outstanding Shares.  George Karpus
presently owns 5275 shares purchased on September 12, 2005 at $11.69
per share (2000 shares) and on February 24, 2006 at $11.58 per share
(3275 shares). Karpus Investment Management Profit Sharing Plan
presently owns 3250 shares purchased on January 16, 1998 at $15.97
(200 shares), August 28 at $16.00 (50 shares), April 5, 1999 at $16.69
(150 shares), April 20 at $16.69 (100 shares) and $16.94 (100 shares),
April 18, 2001 at $12.87 (100 shares), September 21 at $8.52 (550
shares), November 19 at $11.15 (100 shares) and at $11.14 (100 shares),
 July 8&9, 2002 at $9.60 (1550shares), July15 at $9.04 (100shares),
July 22 at $8.29 (200 shares), July 29 at $8.40 (100shs), August 2, 2002
at $ 8.50 (400shs), October 11, 2002 at $7.28 (100 shares),  October 15
at $7.50 (100 shares), October 28 at $7.79 (100 shares),  October 29 at
$7.64 (50 shares), November 6 at $8.07 (50 shares), November 13 at
$7.52 (50 shares), November 20 at $8.02 (50 shares), December 3, 2002
at $8.15 (50 shares),December 9 at $8.02 (100 shares), and May 20,
2003 at $7.58 (1000 shares) and February 8, 2006 at $11.13 (1000
shares).  Shares were sold on June 9, 2004 at $10.41 (200 shares), June
10 at $10.30 (200 shares), June 14 at $10.18 (200 shares), June 15 at
$10.28 (100 shares), June 23 at $10.17 (100 shares), June 24 at $10.44
(300 shares), and June 28 at $10.50 (100 shares), July 6 at $10.45
(10 shares) and $10.55 (40 shares) July 7 at $10.53 and $10.55 (200
shares), July 9 at $10.29 (100 shares), and July 26at $9.86 (100
shares), August 25 at $9.62 (100 shares), November 30,2004 at
$ 12.10 (50 shares), January19 at $ 10.75 (500 shares), February 7
& 8 at $11.21 & $11.26 (600 shares), February 9 & 10 at
$11.10 (300 shares), February 11 & 18 at $ 11.23 & $11.34 (300 shares),
February 22 & 25 at $ 11.41 & $11.58 (300 shares), February 28 at $
11.60 (100 shares). Dana R. Consler currently owns 735 shares purchased
on March 29, 1999 at $16.75 (300 shares), April 5 at $16.69 (100 shares),
February 14, 2002 at $10.14 (50 shares), March 5 at $10.22 (50 shares),
and June 27 at $9.45 (50 shares), and November 6 at $ 8.07 (50 shares),
December 3, 2002 at $ 8.15 ( 100 shares), and December 9 at $ 8.02 (50
shares), February 11, 2003 at $6.82 (200 shares). July 6 at $ 10.55 ( 10
shares), and January 10 & 11 at $ 10.82 & $10.87 (200 shares), January 13
at $ 10.90 (100 shares), and January 21 & 27 at $10.68 & $10.78 (105
shares).  Jo Ann Van Degriff presently owns 2000 shares purchased on July
21, 2003 at $8.20 per share, on February 23, 2006 at $11.45 and 1,000
shares on March 20, 2006 at $12.09. Sophie B. Karpus presently owns
175 shares purchased on February 9, 2006 at $11.23 per share. Apogee
Partners, L.P. is a hedge fund managed by Karpus Investment Management
of which George W. Karpus owns 1.35% and Dana R. Consler owns
0.63%.  Apogee Partners, L.P. owns 31,260 shares of EF. None of the other
Principals of KIM presently own shares of EF.


(b) KIM has the sole power to dispose of and to vote all of such Shares
under limited powers of attorney.

(c) Open market purchases for the last 60 days for the Accounts. There have
been no dispositions and no acquisitions, other than by such open market
purchases.

Date
Shares
Price Per Share

Date
Shares
Price Per Share
2/1/2006
6655
11.34

3/1/2006
700
11.66
2/3/2006
800
11.27

3/2/2006
5900
11.64
2/6/2006
2500
11.25

3/3/2006
13700
11.65
2/7/2006
4000
11.19

3/6/2006
8100
11.64
2/8/2006
5160
11.13

3/7/2006
13270
11.57
2/9/2006
1000
11.23

3/7/2006
-11500
11.56
2/10/2006
1460
11.20

3/9/2006
-13000
11.51
2/13/2006
2000
11.18

3/9/2006
11900
11.51
2/14/2006
10100
11.24

3/10/2006
-11515
11.57
2/15/2006
13600
11.27

3/10/2006
9500
11.56
2/16/2006
4500
11.26

3/14/2006
-8105
11.72
2/17/2006
7000
11.32

3/14/2006
9600
11.72
2/21/2006
2950
11.40

3/15/2006
2000
11.84
2/21/2006
-625
11.41

3/16/2006
5100
11.94
2/23/2006
4465
11.45

3/20/2006
6840
12.10
2/24/2006
10250
11.58

3/21/2006
3400
12.02
2/27/2006
2900
11.59

3/22/2006
3800
12.04
2/28/2006
3600
11.59

3/23/2006
3000
11.98




3/24/2006
1500
11.99




3/28/2006
13265
11.89




3/29/2006
1000
11.91




3/30/2006
6000
11.95




3/31/2006
10280
12.01

The Accounts have the right to receive all dividends from, any
proceeds from the sale of the Shares.  KIM reserves the right to
further accumulate or sell shares. None of the Accounts has an
interest in shares constituting  more than 5% of the Shares
outstanding.


Item 6.  Contracts, Arrangements, Understandings, or Relationships
with Respect to Securities of the Issuer

Except as described above, there are no contracts, arrangements,
understandings or relationships of any kind among the Principals and
KIM and between any of them and any other person with respect to any
EF Securities.


Item 7.  Materials to be Filed as Exhibits

Not applicable.

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.




Karpus Management, Inc.




By:
Name:  	Dana R. Consler
Title:  		Senior Vice President
Dated:  	April 7, 2006