Convergence
Network Solutions' success with using the Canopy system in Aklan resulted in
Canopy installations on the Philippine islands of Visayas in Kalibo, Boracay
Island and expansions in Luzon in Balagtas Bulacan and some parts of Metro
Manila .5 23.
("Administrator") has prepared this report based on information sources
believed to be accurate and reliable.

If you wish to receive this information electronically, please contact
InvestorRelations@aberdeen-asset. The study includes trends and forecasts,
shipments and installed base of POS systems, processors and operating
systems, plus more.

Coastline: 36,289 km.

coastline 830

The Canopy platform is
able to meet business case needs by offering a scalable, high-speed access
solution to urban and rural areas in these countries.1 2.3 4.5 21. Details
regarding this interest rate swap agreement are contained in the Fund's annual
report to shareholders.
IHL's new report, "2005 Asia/Pacific Retail POS Market Study ,"
provides definitive insights into the opportunity for POS terminals in
the Asia-Pacific market , plus provides breakout analysis on nine
different countries/regions - Japan, China, India, Australia /New
Zealand, South Korea, Vietnam, Taiwan, Hong Kong and Other
Asia/Pacific Countries.

S.

km visayas

Its superior performance promises one of
the lowest total costs of ownership and can significantly reduce a provider's
start-up, maintenance and leased-line costs.

The Fund has outstanding $600 million of auction market preferred stock
("AMPS") which, depending upon market conditions, may have a positive impact
on the net asset value attributable to the holders of the Fund's common stock.

archipelago slightly

The four-day Information Technology and
Communications exhibition for Asia will be held from 14 to 17 June at the
Singapore Expo.3

South Korea 7.0 4.

visayas 65

motorola. (Amex: FAX / PSE: FAX), a closed-end bond fund, announced today its
performance and portfolio composition data as of January 31, 2005.4 107. dollars, are affected by
the performance of the U.0 45.0 0.4% is invested in US$ denominated bonds issued by foreign
issuers.

As of January 31, 2005, approximately 60. Aberdeen Asset Management Inc. While Microsoft operating systems
clearly dominate the landscape for POS terminals , estimates in some
countries are that more than 80 percent of the operating system and
application software running on those systems are pirated copies.com, or call (615) 591-2955.

The main language is Tagalog and the medium of instruction is English with over 65 dialects spoken in much of its individual provinces.

divided 830

, the wireless Internet service provider that installed
the network.6
5-years 82.6 15.7 14. interest rates on the costs associated with the AMPS, the
Fund has entered into an interest rate swap agreement, enabling the Fund to
lock in fixed interest rates for 80% of the outstanding AMPS.com

"What is really interesting is that China's retailers are just
beginning to adopt POS technology," said Buzek. The study is available immediately for USD $3,295. Along with this
Asia/Pacific study, IHL also provides similar POS research for the
North America and Europe/Middle East/Africa markets.

Location: Southeastern Asia, between the Philippine Sea and the South China Sea, east of Vietnam Geographic coordinates: 13 00 N, 122 00 E Area: Total: 300,000 sq km.

coordinates 65

Motorola is exhibiting its Canopy products and services at Hall 4, Stand
4B3-01/1 during CommunicAsia 2005. The Canopy system is a scalable, reliable platform that supports
high-speed broadband applications.
For more information: http://www.motorola. NEW YORK, Aberdeen Asia-Pacific Income
Fund, Inc.

As of January 31, 2005, the Fund's net assets, including $600 million in
preferred stock, amounted to US$2,372 million with a net asset value per share
of US$6.

IHL Consulting Group is an independent business-consulting firm
headquartered in Franklin, Tenn.

luzon dialects

8
1-year 11.8
Canada 0 .0
Philippines 1.8
China 0.S.

state of Arizona Land boundaries: 0 km.

represented barangays

7 7.5
3-years 87.1
India 0.

Business Editors

FRANKLIN, Tenn.
Other less mature markets in the region are booming.ihlservices.

dialects visayas

com .3 billion in 2004.

Aberdeen Asia-Pacific Income Fund Inc. Announces Performance Data And Portfolio Composition

S.S.2
Hong Kong 0.
"The Asia/Pacific market for PC-based POS systems is quite a bit
different than the other parts of the world," adds Buzek.

170 slightly

"Our market research showed tremendous potential for high quality
broadband connectivity given that many households in Aklan province have
family members working abroad," said Rod Solidum , president of Convergence
Network Solutions, Inc.7 105.4 3.5
Vietnam 0.----Growing at nearly
20 percent in 2004, shipments of electronic point-of-sale terminals
into China will surpass those to Germany, Europe's largest POS market,
in 2005, according to a new study from IHL Consulting Group. For more
information, visit www.

philippines spoken

In Asia, the Canopy solution is commercially deployed in Bangladesh,
Cambodia, China, India, Indonesia , Laos, Malaysia, Nepal, Pakistan,
Philippines, Singapore, Thailand, Taiwan and Vietnam. Please visit our website at
http://www.8 452.7* 5.1 5 .8
Singapore 2.4 13.6

As of January 31, 2005, the average maturity of the portfolio was 7. The implementation of this strategy is at
the discretion of the AMPS Hedging Committee of the Fund's Board of Directors.

Aberdeen Asia-Pacific Income Fund , Inc. For
press contacts and interviews, contact Roy Miller at (972) 716-4070
x235, or via e-mail at rmiller@transsynergy.

mindanao barangays

com .1

* Of which 30.69.

289 830

SINGAPORE, Motorola's Canopy Platform
has been chosen to provide WiMAX-like service on the island of Panay, located
in the Aklan province of the Philippines.3

United States 31.2 2.

philippine spoken

connectwithcanopy . (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):

Period NAV Total Return % Market Price Total Return %
Cumulative Annualized Cumulative Annualized
Since inception
(April 1986) 474.1 9.4
Malaysia 1.S.

Mabuhay and Welcome to the Philippines.

coordinates coastline

"
The Canopy solution was chosen over other vendor solutions because of its
advanced technology, which includes a low carrier to interference ratio and
because the system can be readily scaled to meet future network expansion
throughout Aklan Province, said Solidum.5
10-years 103.5

The Fund's returns, which are denominated in U.0 0.
interest rates and investing the proceeds in relatively higher yielding Asian
and Australian fixed-income securities.

POS Shipments to China Will Surpass Those to Germany in 2005 Says New Research Study from IHL Consulting Group

divided dialects

Seamless mobility harnesses the
power of technology convergence and enables smarter, faster, cost-effective
and flexible communication.

dollar against the various currencies listed
below.5
Euro 1.5 9.8 1.
or "AA" or better by Standard + Poor's Corporation or , if unrated, judged by
the Investment Manager to be of equivalent quality. The credit quality and
maturity breakdown of the portfolio was as follows:

Credit Quality (%)
AAA/Aaa AA/Aa A BBB/Baa BB/Ba B
58.7 5.

Past performance does not guarantee future results.

The country has 7,100 islands and has 3 major islands which are Luzon, Visayas and Mindanao.

represented mindanao

"The affordability of Motorola 's Canopy wireless broadband
solution is making it easier for a majority of people to stay connected with
their loved ones.com/canopy and the online magazine Connections at
http://www.6 9 . However, the figures are unaudited and
neither the Fund, the Investment Manager, the Investment Adviser, the
Administrator, nor any other person, guarantees their accuracy. While the 2005
shipments will outnumber those to Germany, the Chinese market is less
than 2 percent penetrated with PC-based POS devices. The German
installed base is much larger today, but Germany is somewhat tapped
out for growth, and the Chinese market is in its infancy.

- Slightly larger than the U.

luzon philippine

The Motorola Canopy deployment in Kalibo provides 360-degree coverage
using 2.
MOTOROLA and the Stylized M Logo are registered in the US Patent +
Trademark Office.4
New Zealand 1.2 0.0 4.3
years.
The AMPS are used with the intent of enhancing returns by borrowing at U.

Geographicaly the country is sub-divided into regions and each region represented by its provinces, cities, localities and barangays.

Water: 1,830 sq km.

luzon 289

In your home, auto, workplace and all spaces
in between, seamless mobility means you can reach the people , things and
information you need, anywhere, anytime., that provides market analysis and
business consulting services for retailers and information technology
companies that focus on the retail industry .

philippine philippines

4 GigaHertz access points, each of which can extend connectivity up to
16 kilometers (km), covering the capital's population of 72,000. Motorola had sales of US $31.5 7.3 104.
"The market in the entire Asia/Pacific region is growing well, but
the market is extremely strong in China," said Greg Buzek, president
of IHL Consulting Group, an analyst firm and consultancy that serves
retailers and retail technology vendors.

65 represented

About Motorola's Canopy Platform
Winner of the 2005 SUPERquest Award for Continuous Achievement, Motorola's
Canopy Platform broadband is a robust, high-speed wireless broadband solution
for cost-effective connectivity for private networks , such as these operated
by governments or enterprises, and for Internet service providers and
carriers . All other product or service names are the property of their
respective owners.0 26.0 0.1 19.2 1. In order to minimize the impact of
fluctuations in U.

Land: 298,170 sq km.

boundaries tagalog

Motorola's Canopy(TM) Broadband Wireless Access Platform Connects Filipinos with Family Members Working Abroad

Motorola's Canopy wireless broadband is an always-on, high -speed broadband
solution that is suited for enterprises, governments, ISPs and other network
operators aiming to provide Internet protocol (IP) connectivity and providing
services such as data, voice and video to market locations where existing
broadband infrastructure is not available or affordable .
There can be no assurance that the Fund will have an interest rate swap in
place at any given time nor can there be any assurance that, if an interest
rate swap is in place, it will be successful in hedging the Fund's interest
rate risk with respect to the AMPS. "While in
more mature markets the POS systems are predominantly retail-hardened
devices, the growth in China and most Asian countries is coming in the
form of low-end PC POS devices and PC-on-Cash Drawer devices.com

An archipelago in Southeast Asia that lies in between the Pacific Ocean and the South China Sea.

slightly km

The Fund's total returns for various periods through January 31, 2005 are
provided below.8
Thailand 2.0 0.2% of the Fund's assets were
invested in securities rated "Aa" or better by Moody's Investors Service Inc.1 2. is managed by Aberdeen Asset
Management Asia Limited ("Investment Manager") and advised by Aberdeen Asset
Management Limited ("Investment Adviser")."
The report shows that Japan remains Asia/Pacific's largest POS
market, however, it continues to struggle with unit shipment growth."
IHL admits that software piracy is a big concern in the region
that may hold back future growth.

philippine 65

The Canopy point-to-point and
point-to-multipoint system configurations are being deployed in more than 100
countries around the world.

About Motorola
Motorola (NYSE: MOT) is a Fortune 100 global communications leader that
provides seamless mobility products and solutions across broadband, embedded
systems and wireless networks .1 12.

As of January 31, 2005, the portfolio was invested as follows:

Currency Exposure Geographic Exposure
% %
Australia 50.1 12 .1
Japan 1.9
Indonesia 0.5

Maturity (%)
10 Years
30.2 33. Investors
should seek their own professional advice before acting on this information .