EX-99.77Q1 OTHER EXHB

THE MEXICO EQUITY AND INCOME FUND, INC.

ARTICLES OF AMENDMENT TO THE ARTICLES SUPPLEMENTARY

      The Mexico Equity and Income Fund, Inc., a Maryland corporation (the "Corporation")
hereby certifies to the State Department of Assessment and Taxation of Maryland that the
Articles Supplementary of the corporation is hereby amended as follows:
	Subsection (a)(iv)(G) shall be replaced in its entity with the following language:
"(G) The Corporation shall have no other rights of repurchase or redemption with
respect to the preferred stock, except as set forth above and in subsection (vii)."
	The following subsection shall be added to the end of Article IV:
      "(vii)	REDEMPTION
            (A) 	The Board may, in its sole discretion, redeem all but not
less than all of the then outstanding shares of its preferred stock at a price per
share equal to 98% of NAV per share, on a date to be determined by the
Board.  Under such circumstances, the Corporation shall provide no less than 30
days' notice to the holders of the preferred stock that the shares will be redeemed.
            (B)	Notice of any redemption pursuant to this subsection shall
be sent by or on behalf of the Corporation prior to the date specified for
redemption in such notice, by first class mail, postage prepaid, to all holders of
record of the preferred stock at their last addresses as they shall appear on the
books of the Corporation; provided, however, that no failure to give such notice
or any defect therein or in the mailing thereof shall affect the validity of the
proceedings for the redemption of any shares of the preferred stock except as to
the holder to whom the Corporation has failed to give notice or except as to the
holder to whom notice was defective.  In addition to any information required by
law, such notice shall state: (i) the redemption date, (ii) the redemption price, and
(iii) the procedures that the holders must follow to redeem such shares.
            (C)	If notice has been mailed in accordance with this
subsection and provided that the Corporation pays, or sets aside for payment, the
applicable redemption price, on or before the redemption date specified in such
notice, then, from and after the redemption date, said shares shall no longer be
deemed to be outstanding and shall not have the status of shares of preferred
stock, and all rights of the holders thereof as stockholders of the Corporation
(except the right to receive from the Corporation the redemption price) shall
cease.  Upon surrender, in accordance with said notice, any shares so redeemed
shall be redeemed by the Corporation at the redemption price.
            (D)	If the Corporation shall not have funds legally available for
the redemption of, or is otherwise unable to redeem, all the shares of the preferred
stock in accordance with this subsection, the Corporation shall redeem on such
redemption date the number of shares of preferred stock for which it shall have
legally available funds, or is otherwise able, to redeem ratably from each holder
thereof, and the remainder of the shares of preferred stock shall be redeemed on
the earliest practicable date on which the Corporation shall have funds legally
available for the redemption of, or is otherwise able to redeem, such shares upon
notice of redemption.
	This amendment of the Articles Supplementary of the Corporation has been approved by
the directors and shareholders.
	We, the undersigned President and Secretary, swear under penalties of perjury that the
foregoing is a corporate act.

/s/Luis Calzada					/s/Maria Eugenia Pichardo
Luis Calzada						Maria Eugenia Pichardo
Secretary						President


The Mexico Equity and Income Fund, Inc.
615 East Michigan Street, 4th Floor
Milwaukee, WI 53202