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LATIN AMERICAN DISCOVERY FUND, INC. DECLARES DISTRIBUTION

 BOSTON, Dec. 2 /PRNewswire/ -- The board of directors of the Latin American Discovery Fund, Inc. has declared a distribution to shareholders of record on Dec. 31, 1993, which will be payable on Jan. 17, 1994.
 If the rights to subscribe for up to 1,980,000 shares of the fund's common stock, which are the subject of a registration statement filed by the fund with the Securities and Exchange Commission which became effective today, are exercised in full, it is currently estimated that the per-share amount of the distribution will be $1.31. The per-share amount of the distribution will increase to the extent that rights are not exercised in full and may increase or decrease if the fund's results during the period from Nov. 22, 1993, to Dec. 31, 1993, vary from those estimated.
 The exact amount of the distribution per share will be determined by the fund on or about Dec. 31, 1993. In accordance with the Internal Revenue Code of 1986, as amended, this annual distribution, even though paid in January 1994, will be deemed to have been paid on Dec. 31, 1993, and therefore, must be included in 1993 taxable income for U.S. federal income tax purposes for calendar year taxpayers.
 -0- 12/2/93
 /CONTACT: Mark W. Kucera of Mutual Funds Service Company, 617-557-8844/


CO: Latin American Discovery Fund, Inc. ST: IN: FIN SU: DIV

WB-CK -- NY111 -- 0034 12/02/93 18:34 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:240
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