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

FORM N-17f-2

Certificate of Accounting of
Securities and Similar
Investments in the Custody of
Management Investment
Companies
Pursuant to Rule 17f-2 [17
CFR 270.17F-2]



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1. Investment Company Act File Number:

811-10287
Date examination
completed:

February 23, 2006
2. State identification Number:

AL
AK
AZ
AR
CA
CO

CT
DE
DC
FL
GA
HI

ID
IL
IN
IA
KS
KY

LA
ME
MD
MA
MI
MN

MS
MO
MT
NE
NV
NH

NJ
NM
NY
NC
ND
OH

OK
OR
PA
RI
SC
SD

TN
TX
UT
VT
VA
WA

WV
WI
WY
PUERTO RICO

Other (specify):
3. Exact name of investment company as specified in registration
   statement:

The Thai Capital Fund, Inc.
4. Address of principal executive office (number, street, city, state,
   zip code):

John O'Keefe One Evertrust Plaza 9th Floor, Jersey City, NJ 07302


INSTRUCTIONS

This Form must be completed by investment companies that have custody
of securities or similar investments.

Investment Company

1.	All items must be completed by the investment company.

2.	Give this Form to the independent public accountant who, in
Compliance with Rule 17f-2 under the Act and applicable state
  law, examines securities and similar investments in the custody
  of the investment company.

Accountant

3.	Submit this Form to the Securities and Exchange Commission and
  appropriate state securities administrators when filing the
  certificate of accounting required by Rule 17f-2 under the Act
  and applicable state law.  File the original and one copy
  with the Securities and Exchange Commission's principal office
  in Washington, D.C., one copy with the regional office for the
  region in which the investment company's principal business
  operations are conducted, and one copy with the appropriate
  state administrator(s), if applicable.

	THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
         SEC 2198 (11-91)