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               Morgan Stanley Dean Witter Asia-Pacific Fund, Inc.
                             (For Immediate Release)


         New York, New York, April 5, 2001 - Morgan Stanley Dean Witter
Asia-Pacific Fund, Inc. (NYSE: APF) (the "Fund") announced today that, in
accordance with its tender offer for up to 14,357,219 of its issued and
outstanding shares of common stock, which expired on March 29, 2001, the Fund
has accepted 14,357,219 shares for payment on Monday, April 9, 2001 at $9.48 per
share. The 14,357,219 shares represent 25% of the Fund's outstanding shares. A
total of 39,529,814 shares were properly tendered and not withdrawn by March 29,
2001, the final date for withdrawals. Therefore, on a pro rated basis, 36.17% of
the shares so tendered by each tendering stockholder have been accepted for
payment.

         The Fund is a non-diversified, closed-end management investment
company, the shares of which are listed on the New York Stock Exchange (APF).
The Fund's investment objective is long-term capital appreciation which it seeks
to achieve by investing primarily in equity securities of Asian-Pacific issuers
and by investing, from time to time, in debt securities issued or guaranteed by
Asian-Pacific governments or governmental entities. Morgan Stanley Dean Witter
Investment Management Inc. is the Fund's investment manager.

         For further information, please contact Georgeson Shareholder
Communications Inc., 17 State Street, New York, New York, at 800-223-2064.