The First Commonwealth Fund, Inc. Announces Election of Directors at the Annual Meeting of Shareholders

Apr 20, 2001, 01:00 ET from The First Commonwealth Fund, Inc.

    NEW YORK, April 20 /PRNewswire Interactive News Release/ -- The First
 Commonwealth Fund, Inc., a closed-end bond fund (NYSE:   FCO), today announced
 the results of its Annual Meeting of Shareholders, held on Thursday April 19,
 2001.
     Martin Gilbert, Neville Miles and Warren Smith were elected by holders of
 the Fund's common stock as Class III Directors to serve for a three-year term,
 and Dr. Anton Schrafl and John Sheehy were elected by holders of the Fund's
 preferred stock to serve for a one-year term expiring at the next Annual
 Meeting of Shareholders.
     Following the acquisition of the Fund's investment manager and investment
 adviser by Aberdeen Asset Management, PLC the Board has approved a change of
 the Fund's name to Aberdeen Commonwealth Income Fund, Inc.  The fund is
 managed by Aberdeen Asset Managers (C.I.) Limited and advised by Aberdeen
 Asset Management Limited.  The Fund's shares will continue to trade on the New
 York Stock Exchange under the symbol "FCO".  Worldwide, the Aberdeen Group
 manages funds in excess of US $45 billion, with offices in the UK, US, Europe,
 Hong Kong, Australia and Singapore. With an extensive global coverage and
 depth of experience, Aberdeen brings invaluable skills and expertise to the
 management of the Fund.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X42171595
 
 

SOURCE The First Commonwealth Fund, Inc.
    NEW YORK, April 20 /PRNewswire Interactive News Release/ -- The First
 Commonwealth Fund, Inc., a closed-end bond fund (NYSE:   FCO), today announced
 the results of its Annual Meeting of Shareholders, held on Thursday April 19,
 2001.
     Martin Gilbert, Neville Miles and Warren Smith were elected by holders of
 the Fund's common stock as Class III Directors to serve for a three-year term,
 and Dr. Anton Schrafl and John Sheehy were elected by holders of the Fund's
 preferred stock to serve for a one-year term expiring at the next Annual
 Meeting of Shareholders.
     Following the acquisition of the Fund's investment manager and investment
 adviser by Aberdeen Asset Management, PLC the Board has approved a change of
 the Fund's name to Aberdeen Commonwealth Income Fund, Inc.  The fund is
 managed by Aberdeen Asset Managers (C.I.) Limited and advised by Aberdeen
 Asset Management Limited.  The Fund's shares will continue to trade on the New
 York Stock Exchange under the symbol "FCO".  Worldwide, the Aberdeen Group
 manages funds in excess of US $45 billion, with offices in the UK, US, Europe,
 Hong Kong, Australia and Singapore. With an extensive global coverage and
 depth of experience, Aberdeen brings invaluable skills and expertise to the
 management of the Fund.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X42171595
 
 SOURCE  The First Commonwealth Fund, Inc.