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001 A000000 THE LATIN AMERICA DOLLAR INCOME FUND, INC.
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002 A000000 345 PARK AVENUE
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002 D010000 10154
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022 A000001 ING BARINGS SECURITIES, INC.
022 C000001 74779
022 D000001 67190
022 A000002 UBS SECURITIES LLC
022 B000002 13-2932996
022 C000002 55789
022 D000002 57536
022 A000003 J.P. MORGAN SECURITIES, INC.
022 B000003 13-3224016
022 C000003 41990
022 D000003 56539
022 A000004 SALOMON BROTHERS, INC.
022 B000004 13-3082694
022 C000004 38905
022 D000004 57329
022 A000005 LEHMAN BROTHERS, INC.
022 B000005 13-2663822
022 C000005 36267
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<PAGE> PAGE 2
022 A000006 CHASE MANHATTAN BANK, N.A.
022 B000006 13-2633612
022 C000006 19389
022 D000006 36960
022 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000007 13-2741729
022 C000007 35316
022 D000007 16774
022 A000008 SWISS BANK
022 B000008 13-2639550
022 C000008 14373
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022 A000009 GOLDMAN SACHS & CO.
022 B000009 13-5108880
022 C000009 19480
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022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
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080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE CO.
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<PAGE> PAGE 5
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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 Scudder
Latin America Dollar Income Fund Annual Report for the fiscal year ended October
31,1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME> The Latin America Dollar Income Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 81,490,931
<INVESTMENTS-AT-VALUE> 79,479,678
<RECEIVABLES> 14,653,606
<ASSETS-OTHER> 13,354
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,146,638
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 13,424,794
<TOTAL-LIABILITIES> 13,424,794
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,127,998
<SHARES-COMMON-STOCK> 6,155,449
<SHARES-COMMON-PRIOR> 6,070,974
<ACCUMULATED-NII-CURRENT> 31,162
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (409,807)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,027,509)
<NET-ASSETS> 80,721,844
<DIVIDEND-INCOME> 195,744
<INTEREST-INCOME> 10,032,569
<OTHER-INCOME> 0
<EXPENSES-NET> 2,377,887
<NET-INVESTMENT-INCOME> 7,850,426
<REALIZED-GAINS-CURRENT> 13,592,824
<APPREC-INCREASE-CURRENT> (9,659,259)
<NET-CHANGE-FROM-OPS> 11,783,991
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,170,408)
<DISTRIBUTIONS-OF-GAINS> (17,875,360)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 84,475
<NET-CHANGE-IN-ASSETS> (14,026,762)
<ACCUMULATED-NII-PRIOR> (7,699)
<ACCUMULATED-GAINS-PRIOR> 5,087,572
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,212,155
<INTEREST-EXPENSE> 510,933
<GROSS-EXPENSE> 2,377,887
<AVERAGE-NET-ASSETS> 100,653,615
<PER-SHARE-NAV-BEGIN> 15.61
<PER-SHARE-NII> 1.28
<PER-SHARE-GAIN-APPREC> 0.64
<PER-SHARE-DIVIDEND> (1.50)
<PER-SHARE-DISTRIBUTIONS> (2.92)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.11
<EXPENSE-RATIO> 2.36
<AVG-DEBT-OUTSTANDING> 8,293,425
<AVG-DEBT-PER-SHARE> 1.36
</TABLE>
The Latin America Dollar Income Fund, Inc.
Stockholder Meeting Results
- --------------------------------------------------------------------------------
The Annual Meeting of Stockholders (the "Meeting") of The Latin America Dollar
Income Fund, Inc. ("LADIF" or the "Acquiring Fund") was held on October 28,
1997, at the offices of Scudder, Stevens & Clark, Inc., 25th Floor, 345 Park
Avenue (at 51st Street), New York, New York 10154. At the Meeting, as adjourned
and reconvened, the following matters were voted upon by the stockholders (the
resulting votes for each matter are presented below.) With regard to certain
proposals, it was recommended that the Meeting be reconvened in order to provide
stockholders with an additional opportunity to return their proxies. The date of
the reconvened meeting at which the matters were decided is noted after the
proposed matter.
1. (a) To approve the issuance of shares of LADIF's common stock, par value
$.01 per share, in connection with an Agreement and Plan of
Reorganization between LADIF and Scudder World Income Opportunities
Fund, Inc. ("SWIOF" or the "Acquired Fund") whereby LADIF would acquire
substantially all of the assets, and assume substantially all of the
liabilities, of SWIOF in exchange for the newly issued shares of LADIF's
common stock (the "Reorganization"),
(b) in connection with the Reorganization, to approve a modification of
LADIF's fundamental policy concerning industry concentration and
(c) in connection with the Reorganization, to approve the change of
LADIF's name to "Scudder Global Income Fund, Inc." (Approved on November
5, 1997.)
<TABLE>
<CAPTION>
Number of Votes:
----------------
<S> <C> <C> <C>
For Against Abstain Broker Non-Votes*
--- ------- ------- -----------------
3,165,771 372,903 160,906 1,820,269
</TABLE>
2. To approve the new Investment Management Agreement between LADIF and
Scudder Kemper Investments, Inc.
<TABLE>
<CAPTION>
Number of Votes:
----------------
<S> <C> <C> <C>
For Against Abstain Broker Non-Votes*
--- ------- ------- -----------------
4,929,444 288,358 141,010 56,417
</TABLE>
<PAGE>
The Latin America Dollar Income Fund, Inc.
Stockholder Meeting Results
- --------------------------------------------------------------------------------
3. To elect Directors.
Number of Votes:
----------------
Director For Withheld
-------- --- --------
Lynn S. Birdsong 5,144,233 270,996
Robert J. Callander 5,154,811 260,418
Continuing Directors:
---------------------
Robert J. Boyd
George M. Lovejoy, Jr.
Ronaldo A. da Frota Nogueira
Dr. Susan Kaufman Purcell
Edmond D. Villani
4. To ratify the selection of Price Waterhouse L.L.P. as the Fund's
independent accountants.
Number of Votes:
----------------
For Against Abstain
--- ------- -------
5,201,553 82,495 131,181
* Broker non-votes are proxies received by the Fund from brokers or nominees
when the broker or nominee neither has received instructions from the
beneficial owner or other persons entitled to vote nor has discretionary power
to vote on a particular matter.
Price Waterhouse LLP
To the Board of Directors and Shareholders 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., (hereafter referred to as the "Fund") for the
year ended October 31, 1997, we considered its internal control, including
control activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, and not to provide
assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
control activities. Generally, control activities that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those control activities include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of internal
control 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 internal control would not necessarily disclose all matters
in internal control 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 any
specific internal control components 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 internal control,
including control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of October 31, 1997.
This report is intended solely for the information and use of management and the
Board of Directors of The Latin America Dollar Income Fund, Inc. and the
Securities and Exchange Commission.
/s/Price Waterhouse LLP
Price Waterhouse LLP
December 12, 1997
