AMENDMENT TO STOCK TRANSFER AGENCY AGREEMENT

Exhibit (k)(5)

AMENDMENT TO STOCK TRANSFER AGENCY AGREEMENT

Reference is made to the Stock Transfer Agency Agreement dated as of July 19, 2004, between Aberdeen Australia Equity Fund, Inc. and The Bank of New York (“Agreement”).

The parties hereby agree that the Agreement became effective as of July 26, 2004.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be duly executed effective as of this 10 day of Nov., 2004.

Aberdeen Australia Equity Fund, Inc.
By:		/s/ Xxxxxxx X. Xxxxxxxx
Name:		Xxxxxxx X. Xxxxxxxx
Title:		Assistant Treasurer
The Bank of New York
By:		/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Assistant Vice President