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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Latin
America Dollar Income Fund Annual Report for the fiscal period ended October 31,
1995 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Latin America Dollar Income Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> NOV-01-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 83,597,911
<INVESTMENTS-AT-VALUE> 82,686,458
<RECEIVABLES> 2,537,577
<ASSETS-OTHER> 35,280
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 85,259,315
<PAYABLE-FOR-SECURITIES> 2,527,588
<SENIOR-LONG-TERM-DEBT> 15,000,000
<OTHER-ITEMS-LIABILITIES> 398,661
<TOTAL-LIABILITIES> 17,926,249
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,233,539
<SHARES-COMMON-STOCK> 6,010,387
<SHARES-COMMON-PRIOR> 5,921,667
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (638,495)
<ACCUMULATED-NET-GAINS> (12,297,121)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (964,857)
<NET-ASSETS> 67,333,066
<DIVIDEND-INCOME> 495,454
<INTEREST-INCOME> 11,218,424
<OTHER-INCOME> 0
<EXPENSES-NET> 2,486,414
<NET-INVESTMENT-INCOME> 9,227,464
<REALIZED-GAINS-CURRENT> (14,647,184)
<APPREC-INCREASE-CURRENT> 2,291,792
<NET-CHANGE-FROM-OPS> (3,127,928)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,694,526)
<DISTRIBUTIONS-OF-GAINS> (888,250)
<DISTRIBUTIONS-OTHER> (1,391,841)
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 88,720
<NET-CHANGE-IN-ASSETS> (12,096,885)
<ACCUMULATED-NII-PRIOR> 403,545
<ACCUMULATED-GAINS-PRIOR> 172,572
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 814,827
<INTEREST-EXPENSE> 1,155,755
<GROSS-EXPENSE> 2,486,414
<AVERAGE-NET-ASSETS> 67,886,953
<PER-SHARE-NAV-BEGIN> 13.41
<PER-SHARE-NII> 1.55
<PER-SHARE-GAIN-APPREC> (2.08)
<PER-SHARE-DIVIDEND> (1.30)
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> (.23)
<PER-SHARE-NAV-END> 11.20
<EXPENSE-RATIO> 1.96
<AVG-DEBT-OUTSTANDING> 15,273,973
<AVG-DEBT-PER-SHARE> 2.56
</TABLE>
160 Federal Street
Boston, MA 02110
Price Waterhouse LLP
December 8, 1995
To the Board of Directors of
The Latin America Dollar Income Fund, Inc.
In planning and performing our audit of the financial statements of The Latin
America Dollar Income Fund, Inc. (the "Fund"), for the year ended October 31,
1995, we considered its internal control structure, including procedures for
safeguarding securities, in order to determine our auditing procedures for the
purposes of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, and not to provide assurance on the
internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgements by management are required to assess the expected benefits and
related costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are appropriately
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and are
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
October 31, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/Price Waterhouse LLP
Price Waterhouse LLP
