-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001089355-99-000067.txt : 19991214
<SEC-HEADER>0001089355-99-000067.hdr.sgml : 19991214
ACCESSION NUMBER:		0001089355-99-000067
CONFORMED SUBMISSION TYPE:	DFAN14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19991213

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICO EQUITY & INCOME FUND INC
		CENTRAL INDEX KEY:			0000863900
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				133576061
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		DFAN14A
		SEC ACT:		
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		99773666

	BUSINESS ADDRESS:	
		STREET 1:		WORLD FINANCIAL CTR
		STREET 2:		200 LIBERTY ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281
		BUSINESS PHONE:		2126675000

	MAIL ADDRESS:	
		STREET 1:		OPPENHEIMER TOWER
		STREET 2:		200 LIBERTY STREET, 38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO CONVERTIBLE ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900807

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900805

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OPPORTUNITY PARTNERS L P
		CENTRAL INDEX KEY:			0000896017
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				113132092
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DFAN14A

	BUSINESS ADDRESS:	
		STREET 1:		60 HERITAGE DRIVE
		CITY:			PLESANTVILLE
		STATE:			NY
		ZIP:			10570
		BUSINESS PHONE:		9147475262

	MAIL ADDRESS:	
		STREET 1:		60 HERITAGE DRIVE
		CITY:			PLEASANTVILLE
		STATE:			NY
		ZIP:			10570
</SEC-HEADER>
<DOCUMENT>
<TYPE>DFAN14A
<SEQUENCE>1
<DESCRIPTION>DFAN14A
<TEXT>


                                   URGENT MEMO

To:      Shareholders of the Mexico Equity and Income Fund

From:    Phillip Goldstein

Date:    12/11/99

Re:      Adjournment of Annual Meeting

- --------------------------------------------------------------------------------


         Would you like the value of your  shares to increase by 25% in the very
near future? That is entirely possible if you elect me as a director of the Fund
and vote for the proposals listed on the accompanying GREEN proxy card.

         Here are the current  numbers.  The last  reported  market price of the
Fund's shares was $8.31 vs. a net asset value of $10.40.  Thus,  for example,  a
shareholder  owning 2,000  shares would be about $4,000  richer if the Fund were
open-ended  now.  Management,  of course,  wants to keep on  collecting  fees by
managing  a captive  pool of  assets.  In order to do so, it wants you to forego
that $4,000  gain.  I believe that  eliminating  the  discount  will benefit all
shareholders  but I only ask that you determine for yourself what is in your own
best interest.

         As you may know,  the Fund's annual  meeting  adjourned from December 3
because there was no quorum.  The vote thus far has been very close.  Therefore,
if you want to eliminate the discount as soon as possible,  I urge you to return
the GREEN proxy card in the enclosed envelope today.

         Remember  that if you have already  returned a WHITE proxy card sent to
you by the Fund and you want to eliminate  the  discount,  you must now return a
GREEN  proxy  card.  In any proxy  contest,  only the last valid  proxy card you
submit counts and it supersedes any previous ones. Therefore,  once you submit a
GREEN proxy card,  please do not sign and submit a later dated WHITE proxy card,
as that will invalidate your vote. If you have any questions whatsoever,  please
call me directly at (914) 747-5262 or e-mail me at OPLP@worldnet.att.net.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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