EX-99.77Q1 OTHR EXHB

Exhibit 77Q1 A  Amendment to the Amended and Restated By-Laws
ARTICLE 3.6A
HONORARY DIRECTORS
            Section 1.  Number; Qualification; Term: The Board of
Directors may from time to time designate and appoint one or more
qualified persons to the position of "honorary director." Each
honorary director shall serve for a one-year term.  An honorary
director may be removed from such position with or without cause by
the vote of a majority of the Board of Directors given at any
regular meeting or special meeting.

            Section 2.  Duties; Remuneration:  An honorary director
shall be entitled to attend at least one meeting of the Board of
Directors each fiscal year at the invitation of the Board of
Directors. An honorary director shall not be a "Director" or
"officer" within the meaning of the Corporation's Articles of
Incorporation or of these By-Laws, shall not be deemed to be a
member of an "advisory board" within the meaning of the Investment
Company Act of 1940, as amended from time to time, shall not hold
himself out as any of the foregoing, and shall not be liable to
any person for any act of the Corporation. Notice of special
meetings may be given to an honorary director but the failure
to give such notice shall not affect the validity of any meeting
or the action taken thereat.

            An honorary director shall not have the powers of a
Director, may not vote at meetings of the Board of Directors and
shall not take part in the operation or governance of the
Corporation. An honorary director shall not receive any compensation
but shall be reimbursed for expenses incurred in attending meetings
of the Board of Directors.

EX-99.77O RULE 10F-3

For the Period January 1, 2005 through December 31, 2005
10f-3 Transactions

THE LATIN AMERICA EQUITY FUND, INC.


Date    Offering           Ticker    Broker         Price

3/23/05 All Americ Lat Uts ALLL11.SA Banco Pactual  $72.50
6/15/05 AES Tiete	   GET14.SA  Citi Glo Mkts  $0.04
7/13/05 EDP-Energias Do Br ENBR3.SA  UBS	    $18.00
9/15/05 Bradespar SA Pfd   BRAP4.SA  Espir Santo Sec$53.00
9/21/05 Cyrela Brazil Real CYRAY     Deutsche Bank  $65.25


	     		    		    % of Offering
	     		     % of Offering  Allocated to
	     Transaction     Allocated to   CSAM Clients
Shares       Amount	     Fund	  Including Funds

31,000       $2,247,500.00   0.39%           0.57%
300,300,000  $120,120,000.00 5.47%	     16.38%
112,700	     $2,028,600.00   0.18%	     0.03%
26,700	     $1,415,100.00   0.33%	     1.04%
7,500	     $489,375.00     0.01%	     0.02%


% of Assets	Member			Offering AMT (M)

1.45%		Joint Lead Manager	7,908,924
7.17%		Joint Coordinator	5,494,105,556
1.14%		Co-Manager		62,193,000
0.68%		Joint Lead Manager	8,200,000
0.23%		Lead Manager		52,300,000

EX-99.77B ACCT LTTR

Report of Independent Registered Public Accounting Firm


To the Board of Directors and Shareholders of
The Latin America Equity Fund, Inc.


In planning and performing our audit of the financial statements
of The Latin America Equity Fund, Inc. (the "Fund") as of and for
the year ended December 31, 2005, in accordance with the standards
of the Public Company Accounting Oversight Board (United States),
we considered the Fund's internal control over financial reporting,
including control activities for safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of the Fund's internal
control over financial reporting. Accordingly, we express no such
opinion.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.  A Fund's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.  Such
internal control over financial reporting includes policies and
procedures that provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or disposition
of a Fund's assets that could have a material effect on the
financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a
control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A significant deficiency
is a control deficiency, or combination of control deficiencies,
that adversely affects the Fund's ability to initiate, authorize,
record, process or report external financial data reliably in
accordance with generally accepted accounting principles such
that there is more than a remote likelihood that a misstatement
of the Fund's annual or interim financial statements that is
more than inconsequential will not be prevented or detected.
A material weakness is a control deficiency, or combination of
control deficiencies, that results in more than a remote
likelihood that a material misstatement of the annual or interim
financial statements will not be prevented or detected.

Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control over financial reporting that might be
significant deficiencies or material weaknesses under standards
established by the Public Company Accounting Oversight Board
(United States).  However, we noted no deficiencies in the Fund's
internal control over financial reporting and its operation,
including controls for safeguarding securities, that we consider
to be material weaknesses as defined above as of December 31, 2005.

This report is intended solely for the information and use of
management and the Board of Directors of The Latin America Equity
Fund, Inc. and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these
specified parties.


PricewaterhouseCoopers
February 17, 2006