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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 SCHEDULE 13D/A
                                 (Rule 13d-101)
                                (Amendment No. 5)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)


                              The Brazil Fund, Inc.
                                (Name of Issuer)

                     Common Stock, par value $.01 per share
                         (Title of Class of Securities)

                                    105759104
                                 (CUSIP Number)

                                 Barry M. Olliff
            c/o City of London Investment Management Company Limited
                     10 Eastcheap, London EC3M ILX, England
                                +44 207 711 0771
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                  May 19, 2006
             (Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box / /.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
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THIS AMENDMENT NO. 5 IS A RE-FILING OF THE ORIGINAL AMENDMENT NO. 5 FROM EARLIER
TODAY, WHICH DID NOT CONTAIN THE EXHIBIT REFERENCED HEREIN. PLEASE DISREGARD THE
ORIGINALLY FILED AMENDMENT NO. 5, AND USE THIS CORRECT AMENDMENT NO. 5 INSTEAD.




























                               (Page 2 of 6 Pages)

===================                                                  ===========
CUSIP NO. 105759104                    13D                           PAGE 3 of 6
===================                                                  ===========

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     1       NAME OF REPORTING PERSONS
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

             City of London Investment Group PLC, a company incorporated under
             the laws of England and Wales.
------------ -------------------------------------------------------------------
     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A) [_]
                                                                         (B) [_]

------------ -------------------------------------------------------------------
     3       SEC USE ONLY


------------ -------------------------------------------------------------------
     4       SOURCE OF FUNDS*

             OO
------------ -------------------------------------------------------------------
     5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
             TO ITEM 2(d) OR 2(e)
                                                                             [_]
------------ -------------------------------------------------------------------
     6       CITIZENSHIP OR PLACE OF ORGANIZATION

             England and Wales
--------------------------------------------------------------------------------
  NUMBER OF              7      SOLE VOTING POWER

   SHARES                       1,860,700
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

  OWNED BY                      0
                   ------------ ------------------------------------------------
    EACH                 9      SOLE DISPOSITIVE POWER

  REPORTING                     1,860,700
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

    WITH                        0
------------ -------------------------------------------------------------------
    11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,860,700
------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             11.46%
------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

             HC
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                               (Page 3 of 6 Pages)

===================                                                  ===========
CUSIP NO. 105759104                    13D                           PAGE 4 of 6
===================                                                  ===========

================================================================================
     1       NAME OF REPORTING PERSONS
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

             City of London Investment Management Company Limited, a company
             incorporated under the laws of England and Wales.
------------ -------------------------------------------------------------------
     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A) [_]
                                                                         (B) [_]

------------ -------------------------------------------------------------------
     3       SEC USE ONLY


------------ -------------------------------------------------------------------
     4       SOURCE OF FUNDS*

             WC
------------ -------------------------------------------------------------------
     5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
             TO ITEM 2(d) OR 2(e)
                                                                             [_]
------------ -------------------------------------------------------------------
     6       CITIZENSHIP OR PLACE OF ORGANIZATION

             England and Wales
--------------------------------------------------------------------------------
  NUMBER OF              7      SOLE VOTING POWER

   SHARES                       1,860,700
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

  OWNED BY                      0
                   ------------ ------------------------------------------------
    EACH                 9      SOLE DISPOSITIVE POWER

  REPORTING                     1,860,700
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

    WITH                        0
------------ -------------------------------------------------------------------
    11       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             1,860,700
------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             11.46%
------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

             IA
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                               (Page 4 of 6 Pages)


This Amendment No. 5 to Schedule 13D (this "Amendment No. 5") should be read in
conjunction with the Schedule 13D filed with the U.S. Securities and Exchange
Commission (the "SEC") on August 5, 2005 (the "Original Schedule 13D"), with
Amendment No. 1 to Schedule 13D filed with the SEC on September 2, 2005
("Amendment No. 1"), with Amendment No. 2 to Schedule 13D filed with the SEC on
November 1, 2005 ("Amendment No. 2"), with Amendment No. 3 to Schedule 13D filed
with the SEC on December 7, 2005 ("Amendment No. 3"), and Amendment No. 4 to
Schedule 13D filed with the SEC on April 10, 2006 ("Amendment No. 4", and,
together with Amendment No. 1, Amendment No. 2, Amendment No. 3, and Amendment
No. 4, the "Amendments") by City of London Investment Group PLC ("City of
London") and City of London Investment Management Company Limited relating to
the shares of common stock, par value $0.01 per share (the "Shares"), of The
Brazil Fund, Inc. (the "Fund"). This Amendment No. 5 amends Items 4 and 7 of the
Original Schedule 13D. All other information in the Original Schedule 13D
remains in effect. All capitalized terms used herein and not otherwise defined
shall have the meanings ascribed thereto in the Original Schedule 13D.

ITEM 4.   PURPOSE OF TRANSACTION.

          Item 4 is hereby amended by adding the following:

          On May 19, 2006, CLIG sent a letter to the Chairman of the Board of
          Directors of The Brazil Fund, Inc., requesting immediate communication
          from the Board regarding any progress of the Fund's liquidation
          proceedings. The foregoing description of the letter is not intended
          to be complete and it is qualified in its entirety by the complete
          text of the letter, which is filed as Exhibit A hereto and is
          incorporated herein by reference.

          The Reporting Persons reserve the right to acquire, or cause to be
          acquired, additional securities of the Fund, to dispose of, or cause
          to be disposed, such securities at any time or to formulate other
          purposes, plans or proposals regarding the Fund or any of its
          securities, to the extent deemed advisable in light of general
          investment and trading policies of the Reporting Persons, market
          conditions or other factors.

          Other than as set forth above, none of the Reporting Persons or, in
          the case of non- individual Reporting Persons, any of their directors
          or executive officers identified in Item 2, have any present plans or
          proposals which relate to or could result in, any of the matters
          referred to in paragraphs (a) through (j), inclusive, of Item 4 of
          Schedule 13D (although they reserve the right to develop any such
          plans or proposals).

ITEM 7.   MATERIALS TO BE FILED AS EXHIBITS

          Item 7 is hereby amended by adding the following:

          Exhibit A. Letter sent to the Chairman of the Board of The Brazil
          Fund, Inc. dated May 19, 2006

                               (Page 5 of 6 Pages)


                                    SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.

Dated: May 22, 2006


                                      CITY OF LONDON INVESTMENT GROUP PLC


                                      /s/ Barry M. Olliff
                                      ------------------------
                                      Name: Barry M. Olliff
                                      Title: Director


                                      CITY OF LONDON INVESTMENT MANAGEMENT
                                      COMPANY LIMITED


                                      /s/ Barry M. Olliff
                                      ------------------------
                                      Name: Barry M. Olliff
                                      Title: Director









                               (Page 6 of 6 Pages)