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SIGNATURE MICHAEL PIGNATARO
TITLE CFO
<TABLE> <S> <C>
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<NAME> THE LATIN AMERICA INVESTMENT FUND, INC.
<S> <C>
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1998
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<INVESTMENTS-AT-COST> 126571538
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RESULTS OF ANNUAL MEETING OF SHAREHOLDERS (UNAUDITED)
On April 24, 1998, the annual meeting of shareholders of The Latin America
Investment Fund, Inc. (the "Fund") was held and the following matters were
voted upon:
(1) To re-elect three directors to the Board of Directors of the Fund.
Name of Director For Withheld Non-Votes
Martin M. Torino 6,175,304 757,776 1,018,159
Peter A. Gordon 6,173,782 759,298 1,018,159
William W. Priest, Jr. 6,175,383 757,697 1,018,159
In addition to the directors re-elected at the meeting, Dr. Enrique R.
Arzac, James J. Cattano, Michael Hyland, George W. Landau and Richard W.
Watt continue to serve as directors of the Fund.
(2) To ratify the selection of PricewaterhouseCoopers LLP (formerly Coopers
& Lybrand L.L.P.) as independent public accountants for the fiscal year
ending December 31, 1998.
For Against Abstain Non-Votes
5,088,786 590,304 1,253,990 1,018,159
(3) To approve the investment advisory agreement between the Fund and
Salomon Brothers Asset Management Inc.
For Against Abstain Non-Votes
4,959,188 663,977 1,309,915 1,018,159
