Exhibit (a) (5)

                             THE MEXICO FUND, INC.

                            ARTICLES SUPPLEMENTARY

     THE MEXICO FUND, INC., a Maryland corporation having its principal office
in the State of Maryland in Baltimore City (the "Corporation"), hereby certifies
to the State Department of Assessments and Taxation that:

     FIRST: Pursuant to Section 3-802 of the Maryland General Corporation Law
(the "MGCL"), the Board of Directors of the Corporation ("the Board") at its
meeting held on November 29, 2000, by unanimous resolution, elected to be
subject to certain provisions of Subtitle 8 of the MGCL, entitled, "Corporations
and Real Estate Investment Trusts--Unsolicited Takeovers."

     SECOND: Pursuant to such resolution, the Corporation through its Board, has
elected to be subject to the following provisions of Subtitle 8:

     (i)     Section 3-804(a): Under Section 3-804(a), the stockholders of the
             Corporation may remove any director by the affirmative vote of at
             least two-thirds of all the votes entitled to be cast by the
             stockholders generally in the election of directors.

     (ii)    Section 3-804(c): Under Section 3-804(c), a vacancy on the Board
             due to an increase in the size of the Board or the death,
             resignation, or removal of a director, may be filled only by the
             affirmative vote of the majority of the remaining directors in
             office, even if the remaining directors do not constitute a quorum.
             Any director so elected to fill a vacancy shall hold office for the
             remainder of the full term of the class of directors in which the
             vacancy occurred, and until a successor is elected and qualifies.

     (iii)   Section 3-805: Under Section 3-805, the Secretary of the
             Corporation may call a special meeting of stockholders only on the
             written request of the stockholders entitled to cast at least a
             majority of all votes entitled to be cast at the meeting; and in
             accordance with the procedures set forth under Section 2-502(b)(2)
             and (3) and (e) of the MGCL.

     THIRD:  The filing of these Articles Supplementary, pursuant to Section 3-
802(d)(1), was approved by the Board of Directors at a meeting held on November
29, 2000.

     FOURTH: Pursuant to Section 3-802(d)(3) of the MGCL, the filing of these
Articles Supplementary does not require the approval of stockholders.


     FIFTH:  The undersigned Chairman acknowledges that these Articles
Supplementary are the act of the Corporation and that to the best of his
knowledge, information, and belief, all matters and facts set forth herein
relating to the authorization and approval of the Articles Supplementary are
true in all material respects and that this statement is made under the penalty
of perjury.

     IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary
to be signed in its name and on behalf by its Chairman and attested to by its
Assistant Secretary on this 29/th/ day of November, 2000.



                                               THE MEXICO FUND, INC.

                                               By: /s/ Juan Gallardo T.
                                                  ----------------------------
                                                  Juan Gallardo T.
                                                  Chairman
ATTEST

/s/ Sander M. Bieber
-------------------------
Sander M. Bieber
Assistant Secretary

                                       2