X0303 4 2008-12-30 0 0000862599 LATIN AMERICA EQUITY FUND INC /MD LAQ 0001211192 RAPPAPORT STEVEN N RZ CAPITAL LLC 555 MADISON AVENUE NEW YORK NY 10022 1 0 0 0 common stock 2008-12-30 4 P 0 285 21.04 A 2408.111 D The total shares held following this transaction includes 65.844 shares acquired on 9/18/08 as part of the Fund's dividend reinvestment plan. /s/Karen Regan, as attorney-in-fact 2009-01-06