<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000862599
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE LATIN AMERICA INVESTMENT FUND, INC.
001 B000000 811-6094
001 C000000 2122729027
002 A000000 ONE CITICORP CENTER 153 EAST 53RD STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10022
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 CREDIT SUISSE ASSET MANAGEMENT
008 B000001 A
008 C000001 801-5083
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
008 A000002 SALOMON BROTHERS ASSET MANAGEMENT INC.
008 B000002 A
008 C000002 801-32046
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10048
008 A000003 CELFIN SERVICIOS FINANCIEROS LIMITADA
008 B000003 S
008 C000003 801-34897
008 D010003 SANTIAGO
008 D050003 CHILE
010 A000001 BEAR STEARNS FUNDS MANAGEMENT INC.
010 B000001 801-29862
<PAGE> PAGE 2
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10167
010 A000002 BEA ADMINISTRATION, ADMINISTRADORA DE FONDOS
010 C010002 SANTIAGO
010 C050002 CHILE
011 A000001 SALOMON BROTHERS INC
011 B000001 8-26920
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10004
011 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
011 B000002 8-00000
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10004
011 A000003 SMITH BARNEY INC.
011 B000003 8-00000
011 C010003 NEW YORK
011 C020003 NY
011 C030003 10004
012 A000001 BANKBOSTON, N.A.
012 B000001 85-10813
012 C010001 BOSTON
012 C020001 MA
012 C030001 02105
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E040001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MORGAN STANLEY & CO. INC.
020 B000001 13-2655998
020 C000001 20
020 A000002 MORGAN GUARANTY TRUST CO. OF NY
020 B000002 00-0000000
020 C000002 20
020 A000003 GOLMAN SACHS & CO.
020 B000003 13-5108880
020 C000003 17
020 A000004 MORGAN (JP) SECURITIES INC.
020 B000004 13-3224016
020 C000004 17
<PAGE> PAGE 3
020 A000005 ABN AMRO INC.
020 B000005 00-0000000
020 C000005 15
020 A000006 SALOMON SMITH BARNEY
020 B000006 13-3082694
020 C000006 14
020 A000007 CREDIT LYONNAIS SECURITIES INC.
020 B000007 00-0000000
020 C000007 10
020 A000008 KLEINWORT BENSON
020 B000008 00-0000000
020 C000008 10
020 A000009 SG WARBURG & CO. INC.
020 B000009 13-3340045
020 C000009 7
020 A000010 PARIBAS CORPORATION
020 B000010 13-3235334
020 C000010 7
021 000000 173
022 A000001 BROWN BROTHERS HARRIMAN & CO.
022 B000001 13-4973745
022 C000001 10680
022 D000001 17523
022 A000002 MORGAN (JP) SECURITIES INC.
022 B000002 13-3224016
022 C000002 8545
022 D000002 13158
022 A000003 DEUTSCHE BANK AG
022 B000003 00-0000000
022 C000003 9429
022 D000003 5999
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 4546
022 D000004 4319
022 A000005 CHASE SECURITIES INC.
022 B000005 00-0000000
022 C000005 3033
022 D000005 2280
022 A000006 SG WARBURG & CO. INC.
022 B000006 13-3340045
022 C000006 1488
022 D000006 1340
022 A000007 BEAR STEARNS & CO. INC.
022 B000007 13-3299429
022 C000007 2214
022 D000007 480
022 A000008 CRDIT LYONNAIS SECURITIES INC.
022 B000008 00-0000000
022 C000008 2527
022 D000008 0
<PAGE> PAGE 4
022 A000009 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000009 13-5674085
022 C000009 2067
022 D000009 238
022 A000010 DRESDNER SECURITIES INC.
022 B000010 04-2442748
022 C000010 498
022 D000010 1025
023 C000000 46641
023 D000000 52228
024 000000 N
025 D000001 0
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 Y
026 D000000 Y
026 E000000 N
026 F000000 N
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
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
<PAGE> PAGE 5
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 0.000
048 A010000 100000
048 A020000 1.250
048 B010000 50000
048 B020000 1.150
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
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
<PAGE> PAGE 6
048 K010000 150000
048 K020000 1.050
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
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
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
<PAGE> PAGE 7
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
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 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 65667
071 B000000 76060
<PAGE> PAGE 8
071 C000000 89014
071 D000000 74
072 A000000 6
072 B000000 2199
072 C000000 842
072 D000000 0
072 E000000 0
072 F000000 574
072 G000000 85
072 H000000 0
072 I000000 18
072 J000000 45
072 K000000 0
072 L000000 40
072 M000000 20
072 N000000 0
072 O000000 6
072 P000000 0
072 Q000000 40
072 R000000 29
072 S000000 25
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 21
072 X000000 903
072 Y000000 55
072 Z000000 2193
072AA000000 0
072BB000000 1029
072CC010000 17956
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 2163
074 B000000 0
074 C000000 0
074 D000000 33498
074 E000000 0
074 F000000 63704
074 G000000 0
074 H000000 0
074 I000000 623
074 J000000 58
074 K000000 0
074 L000000 1250
<PAGE> PAGE 9
074 M000000 17
074 N000000 101313
074 O000000 209
074 P000000 278
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 837
074 S000000 0
074 T000000 99989
074 U010000 6830
074 U020000 0
074 V010000 14.64
074 V020000 0.00
074 W000000 0.0000
074 X000000 562
074 Y000000 0
075 A000000 0
075 B000000 92616
076 000000 11.25
077 A000000 Y
077 C000000 Y
077 Q010000 Y
078 000000 N
080 A000000 GULF INSURANCE COMPANY
080 C000000 6500
081 A000000 Y
081 B000000 10
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 1095
086 B020000 10231
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 LATIN AMERICA INVESTMENT FUND, INC.
087 A020000 518279104
<PAGE> PAGE 10
087 A030000 LAM
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE MICHAEL PIGNATARO
TITLE CFO
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000862599
<NAME> THE LATIN AMERICA INVESTMENT FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 91208807
<INVESTMENTS-AT-VALUE> 97824616
<RECEIVABLES> 1308542
<ASSETS-OTHER> 2163023
<OTHER-ITEMS-ASSETS> 17315
<TOTAL-ASSETS> 101313496
<PAYABLE-FOR-SECURITIES> 209231
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1115617
<TOTAL-LIABILITIES> 1324848
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 121406357
<SHARES-COMMON-STOCK> 6830439
<SHARES-COMMON-PRIOR> 7925139
<ACCUMULATED-NII-CURRENT> 774494
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (28748675)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6556472
<NET-ASSETS> 99988648
<DIVIDEND-INCOME> 842072
<INTEREST-INCOME> 2198994
<OTHER-INCOME> 0
<EXPENSES-NET> 848188
<NET-INVESTMENT-INCOME> 2192878
<REALIZED-GAINS-CURRENT> (1028848)
<APPREC-INCREASE-CURRENT> 17956157
<NET-CHANGE-FROM-OPS> 19120187
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 1094700
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8889341
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (27719827)
<OVERDISTRIB-NII-PRIOR> (1418384)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 573790
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 903301
<AVERAGE-NET-ASSETS> 92615753
<PER-SHARE-NAV-BEGIN> 11.49
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 2.85
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.64
<EXPENSE-RATIO> 1.85
</TABLE>
RESULTS OF ANNUAL MEETING OF SHAREHOLDERS (UNAUDITED)
On May 11, 1999, 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 two directors to the Board of Directors of the Fund.
Name of Director For Withheld Non-Votes
James J. Cattano 5,724,766 717,285 1,124,288
Riordan Roett 5,709,138 732,913 1,124,288
In addition to the directors re-elected at the meeting, Dr. Enrique R.
Arzac, Peter A. Gordon, George W. Landau, Martin M. Torino, William W.
Priest, Jr. and Richard W. Watt continue to serve as directors of the
Fund.
(2) To ratify the selection of PricewaterhouseCoopers LLP as independent
public accountants for the fiscal year ending December 31, 1999.
For Against Abstain Non-Votes
6,350,045 56,172 35,834 1,124,288
(3) To approve a shareholder proposal providing that the advisory
contract between the Fund and Credit Suisse Asset Management be
terminated.
For Against Abstain Non-Votes
1,154,790 5,214,868 72,393 1,124,288
The required votes were not received to approve the above proposal.
