POWER OF ATTORNEY
I, Issa Al-Sowaidi, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933, and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Abu Dhabi, U.A.E., this 22nd day of April, 1996.
 
/s/Issa Al-Sowaidi
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ISSA AL-SOWAIDI
 
                        POWER OF ATTORNEY
I,  Robert B. Egelston, the undersigned Director of Emerging Markets Growth
Fund, Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Los Angeles, CA, this 20th day of April, 1996.
 
/s/Robert B. Egelston
- ---------------------
ROBERT B. EGELSTON
 
                       POWER OF ATTORNEY
I,  Nancy Englander, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, David I. Fisher and Peter C. Kelly or any of them, to act as
attorneys-in-fact for and in my name, place and stead:  (1) to sign my name as
Director of said Corporation to the Registration Statement of the Corporation
on Form N-14 under the Securities Act of 1933 and any and all amendments
thereto, including post-effective amendments, and (2) to deliver such
Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Sao Paulo, Brazil, this 16th day of April, 1996.
 
/s/Nancy Englander
- ------------------
NANCY ENGLANDER
 
                       POWER OF ATTORNEY
I,  David I. Fisher, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, and Peter C. Kelly or any of them, to act as
attorneys-in-fact for and in my name, place and stead:  (1) to sign my name as
Director of said Corporation to the Registration Statement of the Corporation
on Form N-14 under the Securities Act of 1933 and any and all amendments
thereto, including post-effective amendments, and (2) to deliver such
Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Los Angeles, CA, this 15th day of April, 1996.
 
/s/David I. Fisher
- ------------------
DAVID I. FISHER
 
                       POWER OF ATTORNEY
I,  Beverly L. Hamilton, the undersigned Director of Emerging Markets Growth
Fund, Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Los Angeles, CA, this 16th day of April, 1996.
 
/s/Beverly L. Hamilton
- ----------------------
BEVERLY L. HAMILTON
 
                     POWER OF ATTORNEY
I,  Marinus W. Keijzer, the undersigned Director of Emerging Markets Growth
Fund, Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Zeist, Netherlands, this 22nd day of April, 1996.
 
/s/Marinus W. Keijzer
- ---------------------
MARINUS W. KEIJZER
 
                      POWER OF ATTORNEY
I, Hugh G. Lynch, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at New York, NY, this 15th day of April, 1996.
 
/s/Hugh G. Lynch
- ----------------
HUGH G. LYNCH
 
                        POWER OF ATTORNEY
I,  Helmut Mader, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Frankfurt, Germany, this 17th day of April, 1996.
 
/s/Helmut Mader
- ---------------
HELMUT MADER
 
                        POWER OF ATTORNEY
I,  Teresa E. Martini, the undersigned Director of Emerging Markets Growth
Fund, Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Berkeley Heights, NJ, this 15th day of April, 1996.
 
/s/Teresa E. Martini
- --------------------
TERESA E. MARTINI
 
                        POWER OF ATTORNEY
I, John G. McDonald, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933 and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Stanford, CA, this 15th day of April, 1996.
 
/s/John G. McDonald
- -------------------
JOHN G. MCDONALD
 
                       POWER OF ATTORNEY
I, James K. Peterson, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933, and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Stamford, CT, this 15th day of April, 1996.
 
/s/James K. Peterson
- --------------------
JAMES K. PETERSON
 
                        POWER OF ATTORNEY
I, William Robinson, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933, and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Paris, France, this 15th day of April, 1996.
 
/s/William Robinson
- -------------------
WILLIAM ROBINSON
 
                     POWER OF ATTORNEY
I,  Patricia A. Small, the undersigned Director of Emerging Markets Growth
Fund, Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933, and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at Oakland, CA, this 19th day of April, 1996.
 
/s/Patricia A. Small
- --------------------
PATRICIA A. SMALL
 
                     POWER OF ATTORNEY
I,  Walter P. Stern, the undersigned Director of Emerging Markets Growth Fund,
Inc., a Maryland corporation, do hereby constitute and appoint Roberta A.
Conroy, Nancy Englander, David I. Fisher and Peter C. Kelly or any of them, to
act as attorneys-in-fact for and in my name, place and stead:  (1) to sign my
name as Director of said Corporation to the Registration Statement of the
Corporation on Form N-14 under the Securities Act of 1933, and any and all
amendments thereto, including post-effective amendments, and (2) to deliver
such Registration Statement and amendments, so signed, for filing with the
Securities and Exchange Commission under the provisions of the Securities Act
of 1933 as amended, granting to said attorneys-in-fact, and each of them, full
powers and authority to do and perform every act and thing whatsoever requisite
and necessary to be done in and about the premises as fully to all intents and
purposes as the undersigned might or could do if personally present, hereby
ratifying and approving the acts of said attorneys-in-fact.
 
EXECUTED at New York, NY, this 15th day of April, 1996.
 
/s/Walter P. Stern
- ------------------
WALTER P. STERN