<DOCUMENT>
<TYPE>EX-99.77K CHNG ACCNT
<SEQUENCE>5
<FILENAME>changeofaccountant.txt
<DESCRIPTION>CHANGE OF ACCOUNTANT
<TEXT>
SUB-ITEM 77K: Changes in Registrant's Certifying Accountant.



PricewaterhouseCoopers  LLP were previously the independent  accountants for The
Mexico  Equity and Income Fund,  Inc..  The  decision to change the  independent
accountants  was  resolved by the board of  directors in the meeting on June 20,
2002 and  Tait,  Weller  & Baker  were  appointed  as  independent  accountants.
PricewaterhouseCoopers LLP had served as independent accountants for each of the
two  years  in  the  period   ended  July  31,   2001.   The  audit   report  of
PricewaterhouseCoopers  LLP on the financial statements of The Mexico Equity and
Income  Fund,  Inc.  for each of the two years in the period ended July 31, 2001
did not contain  any adverse  opinion or  disclaimer  of opinion,  nor were they
qualified or modified as to uncertainty,  audit scope, or accounting principles.
In connection  with the audits of each of the two years in the period ended July
31, 2001 and the subsequent  interim period through June 20, 2002, there were no
disagreements  with  PricewaterhouseCoopers  LLP on  any  matter  of  accounting
principles or practices,  financial statement  disclosure,  or auditing scope or
procedures, which disagreements if not resolved to their satisfaction would have
caused them to make  reference in connection  with their report on the financial
statements for such years.

The Registrant represents that it had not consulted with Tait, Weller & Baker at
any time prior to their engagement with respect to the application of accounting
principles to a specified transaction, either completed or proposed: or the type
of  audit  opinion  that  might  be  rendered  on  the  Registrant's   financial
statements.



</TEXT>
</DOCUMENT>
