<?xml version="1.0"?><?xml-stylesheet type="text/xsl" href="../4_X02.xsl"?><ownershipDocument>    <schemaVersion>X0303</schemaVersion>    <documentType>4</documentType>    <periodOfReport>2009-12-28</periodOfReport>    <notSubjectToSection16>0</notSubjectToSection16>    <issuer>        <issuerCik>0000913662</issuerCik>        <issuerName>EMERGING MARKETS TELECOMMUNICATIONS FUND INC/NEW</issuerName>        <issuerTradingSymbol>ETF</issuerTradingSymbol>    </issuer>    <reportingOwner>        <reportingOwnerId>            <rptOwnerCik>0001322288</rptOwnerCik>            <rptOwnerName>EBERSTADT WALTER A</rptOwnerName>        </reportingOwnerId>        <reportingOwnerAddress>            <rptOwnerStreet1>C/O 1735 MARKET STREET</rptOwnerStreet1>            <rptOwnerStreet2>32ND FLOOR</rptOwnerStreet2>            <rptOwnerCity>PHILADELPHIA</rptOwnerCity>            <rptOwnerState>PA</rptOwnerState>            <rptOwnerZipCode>19103</rptOwnerZipCode>            <rptOwnerStateDescription></rptOwnerStateDescription>        </reportingOwnerAddress>        <reportingOwnerRelationship>            <isDirector>1</isDirector>            <isOfficer>0</isOfficer>            <isTenPercentOwner>0</isTenPercentOwner>            <isOther>0</isOther>        </reportingOwnerRelationship>    </reportingOwner>    <nonDerivativeTable>        <nonDerivativeTransaction>            <securityTitle>                <value>Common Stock</value>            </securityTitle>            <transactionDate>                <value>2009-12-28</value>            </transactionDate>            <transactionCoding>                <transactionFormType>4</transactionFormType>                <transactionCode>P</transactionCode>                <equitySwapInvolved>0</equitySwapInvolved>            </transactionCoding>            <transactionAmounts>                <transactionShares>                    <value>176.244</value>                    <footnoteId id="F1"/>                </transactionShares>                <transactionPricePerShare>                    <value>16.68</value>                </transactionPricePerShare>                <transactionAcquiredDisposedCode>                    <value>A</value>                </transactionAcquiredDisposedCode>            </transactionAmounts>            <postTransactionAmounts>                <sharesOwnedFollowingTransaction>                    <value>1405.610</value>                </sharesOwnedFollowingTransaction>            </postTransactionAmounts>            <ownershipNature>                <directOrIndirectOwnership>                    <value>D</value>                </directOrIndirectOwnership>            </ownershipNature>        </nonDerivativeTransaction>    </nonDerivativeTable>    <footnotes>        <footnote id="F1">The reporting person was awarded 176.243720 shares of the Issuer pursuant to the Issuer's Director compensation plan.</footnote>    </footnotes>    <ownerSignature>        <signatureName>/s/ Walter Eberstadt by Matt Woodward as attorney-in-fact pursuant to a power of attorney</signatureName>        <signatureDate>2009-12-29</signatureDate>    </ownerSignature></ownershipDocument>
