UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2006
                                                  -----------------

                       HERZFELD CARIBBEAN BASIN FUND, INC.
                       -----------------------------------
              (Exact name of registrant as specified in its charter

           Maryland                     811-06445               65-0396889
--------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)      (IRS Employer
     of incorporation)                                      Identification No.)

               P.O. Box 161465, Miami, FL                         33116
--------------------------------------------------------------------------------
        (Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code,  305-271-1900
                                                     ------------

--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))




SECTION 9 - STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

On November 16, 2006, the Registrant filed a form of dividend reinvestment plan.
The registrant is filing this amended Form 8-K to submit the final dividend
reinvestment plan. This plan submitted herewith supercedes the previous form of
the plan filed as Exhibit 99.2 to the Form 8-K filed on November 16, 2006.

(d) Exhibit 99.2 Dividend Reinvestment Plan of Herzfeld Caribbean Basin Fund,
                 Inc.


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.

                                             HERZFELD CARIBBEAN BASIN FUND, INC.

Date:  November 22, 2006                     /s/ Cecilia L. Gondor
                                             -----------------------------------
                                             Cecilia L. Gondor
                                             Chief Compliance Officer, Secretary
                                             and Treasurer




                                  EXHIBIT INDEX

Exhibit Number    Exhibit Description
--------------    -------------------

99.1              Press release dated November 16, 2006 announcing the
                  declaration of Herzfeld Caribbean Basin Fund, Inc.'s year-end
                  distribution and establishment of dividend reinvestment plan.*

99.2              Dividend Reinvestment Plan of Herzfeld Caribbean Basin
                  Fund, Inc.

* Previously filed.