ARTICLES OF MERGER
of

THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC.

and

THE EMERGING MARKETS INFRASTRUCTURE FUND, INC.


The Emerging Markets Telecommunications Fund, Inc., a Maryland corporation
(herein sometimes called "Merging Company") and The Emerging Markets
Infrastructure Fund, Inc., a Maryland corporation (herein sometimes
called "Successor"), hereby certify to the Maryland State Department
of Assessments and Taxation that:


	FIRST:  Merging Company and Successor have agreed that
		Merging Company shall be merged into Successor.

      SECOND:  The Emerging Markets Infrastructure Fund, Inc.
		shall survive the merger described in these Articles
		(the "Merger") under the laws of the State of
		Maryland as Successor, but under the name "The
		Emerging Markets Telecommunications Fund, Inc."
		pursuant to Article FOURTH.

		THIRD:  The names of the corporations party to the
		Merger are The Emerging Markets Infrastructure Fund,
		Inc. and The Emerging Markets Telecommunications Fund,
		Inc., both corporations organized and existing under the
		laws of the State of Maryland.
  FOURTH:  The Articles of Incorporation of the Successor are hereby
  amended by striking out Article II and inserting in lieu thereof the
  following:

		"ARTICLE II

		      NAME

The name of the corporation is
THE EMERGING MARKETS TELECOMMUNICATIONS FUND, INC."



The Charter and Bylaws of The Emerging Markets Infrastructure Fund,
Inc., in effect immediately prior to the Effective Time (as defined below),
shall otherwise continue in full force and effect as the Charter and
Bylaws of Successor following the Effective Time.

		FIFTH:  The principal office of Merging Company in
		Maryland is located in Baltimore City, Maryland.
		The principal office of The Emerging Markets
		Infrastructure Fund, Inc. in Maryland is located
		in Baltimore City, Maryland.  The Merging Company
		owns no interest in land in the State of Maryland.

SIXTH:  The total number of shares of capital stock of all classes
that The Emerging Markets Infrastructure Fund, Inc. has authority
to issue is 100,000,000 shares of Common Stock, par value $.001 per
share.  The aggregate par value of all shares of capital stock of
The Emerging Markets Infrastructure Fund, Inc. having par value is
$100,000.  The total number of shares of capital stock of all classes
that Merging Company has authority to issue is 100,000,000 shares of
Common Stock, par value $.001 per share. The aggregate par value of
all shares of capital stock of Merging Company having par value is
$100,000.  These Articles of Merger make no change in the
capitalization of The Emerging Markets Infrastructure Fund, Inc.
as Successor.

		SEVENTH: The manner and basis of converting the
		issued and outstanding shares of capital stock
		of Merging Company into issued and outstanding
		shares of capital stock of The Emerging Markets
		Infrastructure Fund, Inc. as Successor shall be
		as follows:

		At the Effective Time, by virtue of the Merger
		and without any action on the part of the holder
		of any shares of capital stock of Successor or any
		shares of capital stock of Merging Company:

		(a)     Each issued and outstanding share of Common
		Stock of The Emerging Markets Infrastructure Fund,
		Inc. shall remain issued and outstanding as one share
		of Common Stock of Successor, without any action on
		the part of the holder thereof.

		(b)     Each issued and outstanding share of Common
		Stock of Merging Company shall automatically become
		and be converted into an equivalent dollar amount
		(to the nearest one ten thousandth of one cent) of
		full outstanding shares of Common Stock of the
		Successor based on the net asset value per share of
		each of the Merging Company and The Emerging Markets
		Infrastructure Fund, Inc. at 4:00 p.m. Eastern Time
		on the business day immediately prior to the day on
		which the Effective Time falls.

(c)     No fractional shares of Common Stock of the Successor will
be issued, but, in lieu thereof, the Successor will purchase for
cash, at the current net asset value of the shares, all fractional
shares of the Common Stock of Successor that would otherwise be
issued, and each former stockholder of the Merging Company will
receive such stockholder's pro rata share of the proceeds of such
purchase, without interest, upon surrender of such stockholders
certificates representing shares of Common Stock of Merging Company
prior to the Merger.

(d)     With respect to any Merging Company stockholder holding
certificates representing shares of Common Stock of Merging
Company as of the Effective Time, the Successor will not permit
such stockholder to receive new certificates evidencing ownership
of the Successor's Common Stock until such stockholder
has surrendered his or her outstanding certificates previously
evidencing ownership of Common Stock of Merging Company, or, in
the event of lost certificates, posted adequate bond.  Dividends
payable to stockholders of record of shares of Common Stock of the
Successor as of any date after the Effective Time and prior to the
exchange of certificates by any former stockholder of the Merging
Company shall be paid to such stockholder, without interest; however,
such dividends shall not be paid unless and until such stockholder
surrenders his or her stock certificates of the Merging Company for
exchange.

		EIGHTH:  At the Effective Time, the separate
		existence of Merging Company shall cease, and
		Successor shall own and possess all of the property,
		rights, privileges and franchises of whatever nature
		and description of Merging Company without further
		act or deed.  Notwithstanding the foregoing,
		confirmatory deeds, bills of sale, assignments, or
		other like instruments, when deemed desirable to
		evidence such transfer, vesting or devolution of
		any property, rights, privileges or franchises, may,
		at any time or from time to time, be made and
		delivered in the name of Merging Company by the
		last acting officers thereof, or by the appropriate
		officers of Successor.

		At the Effective Time, Successor shall be liable for
		all the debts and obligations of Merging Company,
		and any existing claim, action or proceeding pending
		by or against it may be prosecuted to judgment or
		decree as if the Merger had not taken place.  The
		rights of creditors of Merging Company and The
		Emerging Markets Infrastructure Fund, Inc. shall
		not be impaired by the Merger.

		NINTH:  (a)     The Board of Directors of Merging
		Company, at a meeting duly called and held on
		July 24, 2000, adopted resolutions declaring that
		the Merger was advisable and directing that the
		Merger be submitted for action thereon by the
		stockholders of Merging Company.  The Merger was
		approved by the stockholders of Merging Company
		at a meeting duly called for such purpose and
		convened on October 10, 2000 and adjourned to
		October 16, 2000 by at least a majority of the
		votes entitled to be cast on the matter.  By such
		actions, the terms and conditions of the Merger
		were duly advised by the Board of Directors and
		authorized and approved by the stockholders of
		Merging Company in the manner and by the vote
		required by the laws of Maryland and the Charter
		of Merging Company.

		(b) The Board of Directors of The Emerging Markets
		Infrastructure Fund, Inc., at a meeting duly called
		and held on July 24, 2000, adopted resolutions
		declaring that the Merger was advisable and directing
		that the Merger be submitted for action thereon by the
		stockholders of The Emerging Markets Infrastructure
		Fund, Inc..  The Merger was approved by the stockholders
		of The Emerging Markets Infrastructure Fund, Inc. at
		a meeting duly called for such purpose and held on
		October 10, 2000 by at least a majority of the votes
		entitled to be cast on the matter.  By such actions,
		the terms and conditions of the Merger were duly
		advised by the Board of Directors and authorized and
		approved by the stockholders of The Emerging Markets
		Infrastructure Fund, Inc. in the manner and by the
		vote required by the laws of Maryland and the Charter
		of The Emerging Markets Infrastructure Fund, Inc.

		TENTH:  The Merger shall become effective in
		accordance with the laws of the State of Maryland
		on November 3, 2000 at 9:00 a.m. (the "Effective Time").

		IN WITNESS WHEREOF, The Emerging Markets Infrastructure
		Fund, Inc. and The Emerging Markets Telecommunications
		Fund, Inc. each caused these Articles to be signed in its
		respective corporate name and on its behalf by its President
		and witnessed by its Secretary as of the 30th day of
 October, 2000, and each officer signing this document below
 on behalf of The Emerging Markets Infrastructure Fund, Inc.
 and The Emerging Markets Telecommunications Fund, Inc.,
 respectively, acknowledges it to be the corporate act of The
 Emerging Markets Infrastructure Fund, Inc. and The Emerging
 Markets Telecommunications Fund, Inc., respectively, and states
 that, to the best of his or her knowledge, information and belief,
 all matters and facts set for
 authorization and approval of the Merger by The Emerging Markets
 Infrastructure Fund, Inc. and The Emerging Markets Telecommunications
 Fund, Inc., respectively, provided for in the foregoing Articles are
 true in all material respects and that this verification is made under
 the penalties of perjury.


WITNESS:                                     THE EMERGING MARKETS
					    INFRASTRUCTURE FUND, INC.

				      by:                   (SEAL)
Michael A. Pignataro                                  Richard W. Watt
Secretary                                             President



WITNESS:                               THE EMERGING MARKETS
				       TELECOMMUNICATIONS FUND, INC.


						By:                             (SEAL)
Michael A. Pignataro                                Richard W. Watt
Secretary                                             President










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