Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HOTTINGER RODOLPHE
   2. Issuer Name and Ticker or Trading Symbol
SWISS HELVETIA FUND, INC. [SWZ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
(Last)
(First)
(Middle)
3 PLACE DES GERGUES, C/O HOTTINGER & GE		 3. Date of Earliest Transaction (Month/Day/Year)
06/29/2007
(Street)

GENEVA SWITZERLAND, V8 0000		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/22/2007 06/29/2007 X   3,884 A $ 16.6 (1) 21,678 D  
Common Stock 06/22/2007 06/29/2007 X   83 (2) A $ 16.6 3,967 I Son of Rodolphe Hottinger
Common Stock 06/22/2007 06/29/2007 X   82 (3) A $ 16.6 4,049 I Son of Rodolphe Hottinger
Common Stock 06/22/2007 06/29/2007 X   82 (4) A $ 16.6 4,131 I Son of Rodolphe Hottinger
Common stock 06/22/2007 06/29/2007 X   566 (5) A $ 16.6 4,697 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subscription Rights (right to buy) $ 16.6 06/22/2007 06/29/2007 X(6)     11,652 05/24/2007 06/22/2007 Common Stock 3,884 $ 0 0 D  
Subscription Rights (right to buy) $ 16.6 06/22/2007 06/29/2007 X(6)     249 05/24/2007 06/22/2007 Common Stock 83 $ 0 0 I Son of Rodolphe Hottinger
Subscription Rights ( right to buy) $ 16.6 06/22/2007 06/29/2007 X(6)     246 05/24/2007 06/22/2007 Common Stock 82 $ 0 0 I Son of Rodolphe Hottinger
Subscription Rights (right to buy) $ 16.6 06/22/2007 06/29/2007 X(6)     246 05/24/2007 06/22/2007 Common Stock 82 $ 0 0 I Son of Rodolphe Hottinger

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOTTINGER RODOLPHE
3 PLACE DES GERGUES
C/O HOTTINGER & GE
GENEVA SWITZERLAND, V8 0000		       President  

Signatures

 Rudolf Millisits   07/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Subscription price determined by 92.5% of the average of the last reported sales price per share on teh NYSE for the five trading days ended June 22, 2007 (the Expiration Date).
(2) Henri Hottinger is the son of Rodolphe Hottinger. Prior to the rights offering he owned 247 shares and purchased two additional rights for a total of 249 rights. He exercised 249 rights to purchase 83 additional shares.
(3) Richard Hottinger is the son of Rodolphe Hottinger. Prior to the rights offering he owned 246 shares. He exercised 246 right to purchase 82 shares.
(4) Peter Hottinger is the son of Rodolphe Hottinger. Prior to the rights offering he owned 246 shares. He exercised 246 rights to purchase 82 shares.
(5) Record date stockholders who fully exercised their rights were entitled to an over-subscription privilege under which they were permitted to subscribe for additioanl shares of common stock at the subcription price.
(6) The shares of common stock under item 4 table I were acquired through subscription in the Fund's 1-for-3 rights offering. Shares of common stock issued pursuant to the exercise of: 11652 rights issued to Rodolphe Hottinger, 249 rights issued to Henri hottinger, 246 rights issued to Richard Hottinger and 246 rights issued to Peter Hottinger. these rights were acquired on June 29, 2007.

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