JAPAN FUND &lt;JPN> SEEKERS CONFIDENT OF FINANCING

  The &lt;Sterling Grace Capital Management
  L.P.> group said it is confident financing can be arranged if
  The Japan Fund's board recommend's the group's acquisition
  proposal.
      The group, which also includes &lt;Anglo American Security
  Fund L.P.> and T.B. Pickens III, Tuesday proposed an entity it
  controls acquire for cash all the assets of Japan Fund for 95
  pct of the fund's aggregate net asset value.
      The group said it has had a number of meetings over the
  past few days with domestic and overseas financial institutions.
      The Sterling Grace Capital group said certain of these
  institutions have expressed serious interest in providing
  financing for the proposed acquisition of Japan Fund, "adding
  we are reasonably confident that the financing can be quickly
  arranged if the Japan Fund's board of directors is willing to
  recommend the transaction to shareholders."
  

