RESULTS OF MEETINGS OF SHAREHOLDERS (UNAUDITED)

On May 23, 2000, the annual meeting of Shareholders of The
Latin America Equity Fund, Inc. (the "Fund") was held
and the following matters were voted upon:



1. To re-elect two Directors of the Board of Directors
of the Fund.

Name of Director     For       Withheld  Non-Votes


George W. Landau   5,662,387   362,668    1,100,473

Richard W. Watt    5,665,553   359,502    1,100,473


In addition to the directors re-elected at the meeting, Dr.
Enrique R. Arzac, James J. Cattano, William W. Priest, Jr.
and Martin M. Torino continue to serve as directors of the Fund.

Effective November 10, 2000, Riordan Roett serves as a director
of the Fund.

2.    To ratify the selection of PricewaterhouseCoopers LLP as
independent public accountants of the fund for the fiscal year
ending December 31, 2000.

For                                         5,957,489
Against                                     48,296
Abstain                                     19,270
Non-Votes                                   1,100,473


3.   To approve a shareholder proposal requesting that the Board
of Directors present for shareholder approval a program to permit
shareholders to realize net asset value for their shares.

For                                     3,131,877
Against                                 750,787
Abstain                                 63,375
Delegated Non-Votes/Non-Votes           3,179,489


On October 10, 2000, the special meeting of sharholders of The
Latin America Equity Fund, Inc. (the "Fund") was held and the
following matter was voted upon:

1.   To approve the Merger Agreement and Plan of Reorganization
wherby the Fund will merge with and into the Latin America
Investment Fund, Inc.

For                                     3,139,580
Against                                 202,417
Abstain                                 84,669
Non-Votes                               2,704,762