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 GE
   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
_____ Officer (give title below) __X__ Other (specify below)
Parent Co. of Invest. Advisor
(Last)
(First)
(Middle)
DREIKONIGSTRASSE SS, ZURICH		 3. Date of Earliest Transaction (Month/Day/Year)
06/29/2007
(Street)

SWITZWERLAND 8027, V6 00000		 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   47,769 A $ 16.6 (1) 191,074 D  
Common Stock 06/22/2007 06/29/2007 X   3,275 A $ 16.6 204,172 (2) I Subsidiary - Hottinger Treuhand
Common Stock 06/22/2007 06/29/2007 X   11,339 (3) A $ 16.6 249,527 I Subsidiary - Hottinger Bank & Trust

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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(4)     143,307 05/24/2007 06/22/2007 Common Stock 47,769 $ 0 0 D  
Subscription Rights (right to buy) $ 16.6 06/22/2007 06/29/2007 X(4)     9,825 05/24/2007 06/22/2007 Common Stock 3,275 $ 0 0 I Subsidiary - Hottinger Treuhand
Subscribition Rights (right to buy) $ 16.6 06/22/2007 06/29/2007 X(4)     34,017 05/24/2007 06/22/2007 Common Stock 11,339 $ 0 0 I Subsidiary - Hottinger Bank & Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOTTINGER GE
DREIKONIGSTRASSE SS
ZURICH
SWITZWERLAND 8027, V6 00000		       Parent Co. of Invest. Advisor

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 the NYSE for the five trading days ended June 22, 2007 (the Expiration Date).
(2) Hottinger Treuhand is a subsidiary of Hottinger & Cie. Prior to the rights offering, Hottinger Treuhand owned 9823 shares. Through the offering, they ubscribed to 3275 shares and now own 13,098 shares.
(3) Hottinger Bank & Trust is a subsidiary of Hottinger & Cie. Before the rights offering, Hottinger Bank & Trust owned 34016 shares. They purchased 11339 through the rights offering and now own a total of 45355 shares.
(4) The shares of common stock under Item 4 of Table I were acquired through subscription in the Fund's 1-for-3 rights offering. Shares of Common Stock were issued pursuant to the exercise of:143307 rights issued to Hottinger & Cie, 9823 rights issued to Hottinger Treuhand, and 34016 rights issued to Hottinger Bank & Trust. These were acquired on June 29, 2007.

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