ASA Limited






October 16, 2008


Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549



Re: ASA Limited (“Registrant”) (File No. 811-21650)


Ladies and Gentlemen:


Pursuant to Rule 17g-1(g) under the Investment Company Act of 1940, we are filing herewith the attached materials in connection with Registrant’s currently effective fidelity bond:




a copy of the executed fidelity bond, and




a copy (certified by the Secretary of Registrant) of the resolutions of a majority of the Board of Directors who are not “interested persons” of the Registrant approving the amount, type, form and coverage of the fidelity bond.


The premium for the attached fidelity bond has been paid for the period September 30, 2008 to September 30, 2009.








/s/ Paul K. Wustrack, Jr.


Paul K. Wustrack, Jr.


Secretary and Chief Compliance Officer


ASA Limited