X0303 4 2009-07-28 0 0000865277 FIRST ISRAEL FUND INC ISL 0001009234 ARZAC ENRIQUE R COLUMBIA UNIV GRAD SCHOOL OF BUSINESS URIS HALL, ROOM 623, 116TH STREET NEW YORK NY 10027 1 1 0 1 Chairman of the Board/ Nominating Committee Member Common Stock 2009-07-28 4 P 0 209 14.05 A 4458.435 D The reporting person was awarded 209 shares of Common Stock of the Issuer pursuant to the Issuer's Director Compensation Plan. The total shares held following this transaction includes 589.095 shares acquired on 1/16/09 as part of the Issuer's Dividend Reinvestment Plan. /s/ Enrique R. Arzac by Matt Woodward as attorney-in-fact, pursuant to a power of attorney 2009-07-30