-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TkRBgBCZg6W+yTF2QdjpFc9xRa3R265LV2uMD1hNUotiMCUpbEgS9f7/0mlTY1TC
 u0P6SX+N2hOottuwLHMEfA==

<SEC-DOCUMENT>0000894189-03-000458.txt : 20030328
<SEC-HEADER>0000894189-03-000458.hdr.sgml : 20030328
<ACCEPTANCE-DATETIME>20030328123911
ACCESSION NUMBER:		0000894189-03-000458
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20030131
FILED AS OF DATE:		20030328
EFFECTIVENESS DATE:		20030328

FILER:

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

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		03623785

	BUSINESS ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			W1
		ZIP:			53202
		BUSINESS PHONE:		4147655307

	MAIL ADDRESS:	
		STREET 1:		U.S. BANCORP FUND SERVICES, LLC
		STREET 2:		615 EAST MICHIGAN STREET, LC-2
		CITY:			MILWAUKEE
		STATE:			W1
		ZIP:			53202

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEXICO CONVERTIBLE ADVANTAGE FUND INC
		DATE OF NAME CHANGE:	19900807
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 A000000 01/31/2003
000 C000000 0000863900
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MEXICO EQUITY AND INCOME FUND, INC.
001 B000000 811-6111
001 C000000 4147655307
002 A000000 615 EAST MICHIGAN STREET
002 B000000 MILWAUKEE
002 C000000 WI
002 D010000 53202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 CLEMENTE CAPITAL, INC.
008 B000001 A
008 C000001 801-162470
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10019
008 A000002 ACCI WORLDWIDE, S.A. DE C.V.
008 B000002 A
008 C000002 801-37171
008 D010002 MEXICO CITY
008 D050002 MEXICO
008 D060002 06600
010 A000001 U.S. BANCORP FUND SERVICES, LLC.
010 B000001 85-11357
010 C010001 MILWAUKEE
010 C020001 WI
010 C030001 53202
012 A000001 THE FIFTH THIRD BANK
012 B000001 85-5080
<PAGE>      PAGE  2
012 C010001 CINCINNATI
012 C020001 OH
012 C030001 45202
012 A000002 DELETE
013 A000001 TAIT, WELLER & BAKER
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
013 B040001 2108
014 A000001 ACCIONES Y VALORES DE MEXICO, S.A. DE C.V.
014 B000001 8-43610
015 A000001 U.S. BANK, N.A.
015 B000001 C
015 C010001 CINCINNATI
015 C020001 OH
015 C030001 45202
015 E010001 X
015 A000002 DEUTSCHE BANK TRUST COMPANY
015 B000002 S
015 C010002 JERSEY CITY
015 C020002 NJ
015 C030002 07311
015 E010002 X
015 A000003 BANCOMER, S.A.
015 B000003 S
015 C010003 MEXICO CITY
015 D010003 MEXICO
015 D020003 06600
015 E040003 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 GRUPO BURSATIL MEXICANO
020 C000001     59
020 A000002 ACCIONES Y VALORES DE MEXICO, S.A. DE C.V.
020 C000002     11
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       70
022 A000001 GRUPO FINANCIERO BBVA BANCOMER, S.A. DE C.V.
022 C000001     62183
022 D000001         0
022 A000002 GRUPO BURSATIL MEXICANO
022 C000002     15801
022 D000002         0
<PAGE>      PAGE  3
022 A000003 ACCIONES Y VALORES DE MEXICO, S.A. DE C.V.
022 C000003      2202
022 D000003      3098
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000      80186
023 D000000       3098
024  000000 Y
025 A000001 GRUPO FINANCIERO GBM ATLANTICO, S.A. DE C.V.
025 C000001 E
025 D000001     127
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
<PAGE>      PAGE  4
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 Y
047  000000 Y
048  000000  0.800
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
<PAGE>      PAGE  5
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 N
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
<PAGE>      PAGE  6
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
<PAGE>      PAGE  7
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000     15471
071 B000000     15801
071 C000000     18102
071 D000000   85
072 A000000  6
072 B000000       90
072 C000000      102
072 D000000        0
072 E000000        0
072 F000000       85
072 G000000       30
072 H000000        0
072 I000000       10
072 J000000       12
072 K000000        0
072 L000000       26
072 M000000       22
072 N000000       11
072 O000000        0
072 P000000        0
072 Q000000       23
072 R000000        9
072 S000000       41
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       19
072 X000000      288
072 Y000000        3
072 Z000000      -93
072AA000000      676
072BB000000     3692
072CC010000     1498
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
<PAGE>      PAGE  8
074 B000000        0
074 C000000     2488
074 D000000      585
074 E000000        0
074 F000000    16777
074 G000000        0
074 H000000        0
074 I000000      351
074 J000000        0
074 K000000        0
074 L000000        6
074 M000000      156
074 N000000    20363
074 O000000      167
074 P000000       14
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      163
074 S000000        0
074 T000000    20019
074 U010000     2474
074 U020000        0
074 V010000     8.09
074 V020000     0.00
074 W000000   0.0000
074 X000000     3692
074 Y000000        0
075 A000000        0
075 B000000    20985
076  000000     7.34
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
<PAGE>      PAGE  9
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 THE MEXICO EQUITY AND INCOME FUND, INC.
087 A020000 592834105
087 A030000 MXE
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   GERALD HELLERMAN
TITLE       PRESIDENT


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>exhibit77c.txt
<DESCRIPTION>VOTES
<TEXT>
                     The Mexico Equity and Income Fund, Inc.

                 Form N-SAR Report for the Period Ended 1/31/03


Item 77-C (1)

Results of Annual Stockholders Meeting

The Fund's  Annual  Stockholders  meeting was held on February 14, 2003,  at 405
Park Avenue, New York, New York 10022. As of December 30, 2002, the record date,
outstanding  shares  of common  stock  ("shares")  of the Fund  were  2,473,504.
Holders of 2,136,673  shares of the Fund were  present at the meeting  either in
person or by  proxy.  These  holders,  as being  holders  of a  majority  of the
outstanding shares of the Fund,  constituted a quorum. The stockholders voted on
four proposals.

The stockholders  elected three Directors to the Board of Directors,  approved a
new Investment  Advisory agreement between Clemente Capital,  Inc. and the Fund,
and approved the creation and  registration of put warrants,  which are designed
to afford  stockholders  an  opportunity  to realize  net asset  value for their
shares.  The stockholders also ratified the selection of Tait, Weller & Baker as
the Fund's independent auditor for the fiscal year ending July 31, 2003.

The following table provides information  concerning the matters voted on at the
meeting:

I.   Election of Directors

        Nominee                        For                 Withheld

        Glenn Goodstein                2,015,470           121,203

        Phillip Goldstein              2,016,023           120,650

        Leopoldo M. Clemente, Jr.      2,019,996           116,677


II.  Approval of the new Investment Advisory Agreement between Clemente Capital,
     Inc. and the Fund

          Votes For       Votes Against   Votes Abstained    Broker Non-Votes

          1,993,353           96,489          46,831                     2


III. Adoption of a proposal to approve the creation,  issuance and  registration
     of put warrants,  which are designed to afford stockholders the opportunity
     to realize net asset value for their shares

          Votes For       Votes Against   Votes Abstained    Broker Non-Votes

            724,401         169,275           79,677             1,163,322

IV.  Ratification  of the  selection  of  Tait,  Weller  & Baker  as the  Fund's
     independent auditor

          Votes For       Votes Against   Votes Abstained    Broker Non-Votes

          2,033,955          59,381           43,339                     0


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>4
<FILENAME>exhibit77q3.txt
<DESCRIPTION>CERTIFICATION
<TEXT>
                     The Mexico Equity and Income Fund, Inc.

                 Form N-SAR Report for the Period Ended 01/31/03

Item 77-Q3

(i) Based on an  evaluation  of the  Disclosure  Controls  and  Procedures,  the
Disclosure  Controls and  Procedures (as defined in rule 30a-2(c) under the Act)
are adequately and effectively  designed to ensure that information  required to
be disclosed by The Mexico Equity and Income Fund, Inc. is recorded,  processed,
summarized and reported by the Filing Date, and that information  required to be
disclosed in the report is  communicated  to The Mexico  Equity and Income Fund,
Inc.'s management, as appropriate,  to allow timely decisions regarding required
disclosure.

(ii) There were no  significant  changes in The Mexico  Equity and Income  Fund,
Inc.'s  internal  controls or in other factors that could  significantly  affect
these  controls  subsequent to the date of their  evaluation,  and there were no
corrective  actions  with  regard  to  significant   deficiencies  and  material
weaknesses.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>5
<FILENAME>presidentcertification.txt
<DESCRIPTION>PRESIDENT CERTIFICATION
<TEXT>
FORM N-SAR CERTIFICATION

I, Gerald Hellerman, certify that:

1.   I have  reviewed  this report on Form N-SAR of The Mexico Equity and Income
     Fund, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my knowledge,  the financial  information included in this report,
     and the financial  statements on which the financial  information is based,
     fairly present in all material respects the financial condition, results of
     operations,  changes  in net  assets,  and  cash  flows  (if the  financial
     statements  are  required  to  include a  statement  of cash  flows) of the
     registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in rule 30a-2(c) under the  Investment  Company Act) for the registrant and
     have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities, particularly during the period in which this report is being
          prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this report (the "Evaluation Date"); and

     c)   presented in this report our conclusions  about the  effectiveness  of
          the disclosure  controls and procedures  based on our evaluation as of
          the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,  summarize,  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     report whether or not there were significant  changes in internal  controls
     or in other  factors  that could  significantly  affect  internal  controls
     subsequent  to the  date  of our  most  recent  evaluation,  including  any
     corrective  actions with regard to  significant  deficiencies  and material
     weaknesses.


Date: March 26, 2003

                              /s/ Gerald Hellerman
                              ------------------------------
                                  Gerald Hellerman
                                    President

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q3 CERT
<SEQUENCE>6
<FILENAME>treasurercertification.txt
<DESCRIPTION>TREASURER CERTIFICATION
<TEXT>
FORM N-SAR CERTIFICATION

I, Michael J. Weckwerth, certify that:

1.   I have  reviewed  this report on Form N-SAR of The Mexico Equity and Income
     Fund, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material  fact or omit to state a  material  fact  necessary  to make the
     statements made, in light of the circumstances  under which such statements
     were made,  not  misleading  with  respect  to the  period  covered by this
     report;

3.   Based on my knowledge,  the financial  information included in this report,
     and the financial  statements on which the financial  information is based,
     fairly present in all material respects the financial condition, results of
     operations,  changes  in net  assets,  and  cash  flows  (if the  financial
     statements  are  required  to  include a  statement  of cash  flows) of the
     registrant as of, and for, the periods presented in this report;

4.   The  registrant's  other  certifying  officers  and I are  responsible  for
     establishing and maintaining disclosure controls and procedures (as defined
     in rule 30a-2(c) under the  Investment  Company Act) for the registrant and
     have:

     a)   designed  such  disclosure  controls  and  procedures  to ensure  that
          material  information  relating  to  the  registrant,   including  its
          consolidated subsidiaries,  is made known to us by others within those
          entities, particularly during the period in which this report is being
          prepared;

     b)   evaluated the  effectiveness of the registrant's  disclosure  controls
          and procedures as of a date within 90 days prior to the filing date of
          this report (the "Evaluation Date"); and

     c)   presented in this report our conclusions  about the  effectiveness  of
          the disclosure  controls and procedures  based on our evaluation as of
          the Evaluation Date;

5.   The registrant's other certifying  officers and I have disclosed,  based on
     our most recent  evaluation,  to the  registrant's  auditors  and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which could  adversely  affect the  registrant's  ability to
          record,  process,  summarize,  and  report  financial  data  and  have
          identified for the  registrant's  auditors any material  weaknesses in
          internal controls; and

     b)   any fraud, whether or not material,  that involves management or other
          employees who have a  significant  role in the  registrant's  internal
          controls; and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     report whether or not there were significant  changes in internal  controls
     or in other  factors  that could  significantly  affect  internal  controls
     subsequent  to the  date  of our  most  recent  evaluation,  including  any
     corrective  actions with regard to  significant  deficiencies  and material
     weaknesses.


Date: March 26, 2003

                           /s/ Michael J. Weckwerth
                           -------------------------------
                               Michael J. Weckwerth
                                    Treasurer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
