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THE LATIN AMERICA INVESTMENT FUND, INC. ANNOUNCES FINAL TERMS OF RIGHTS OFFERING

 NEW YORK, March 12 /PRNewswire/ -- The Latin America Investment Fund, Inc. announced today the final terms of the rights offering originally announced on Jan. 28, 1993.
 Pursuant to the rights offering, the fund will distribute to shareholders of record on March 10, 1993 (the record date), one transferable right for each share of common stock owned on the record date. Three rights entitle a shareholder to purchase one additional share of common stock at a purchase price of $17.00 (the subscription price) per share. Rights may be exercised at any time during the subscription period which ends on April 2, 1993, at 5 p.m., New York time, unless the fund decides to extend the subscription period to a date not later than April 16, 1993.
 Record date shareholders who exercise their full primary subscription rights can take advantage of the over-subscription privilege, which allows them to subscribe for shares which were not otherwise subscribed for by others. Over-subscribers may or may not receive some or all of the shares requested pursuant to the over- subscription privilege, subject to certain limitations and a pro-rata allotment.
 Shareholders who do not fully exercise their rights will experience a dilution to the aggregate net asset value of any shares owned.
 Subscription certificates evidencing the rights and a copy of the prospectus pursuant to the rights offering will be mailed today to record date shareholders whose record addresses are in the United States. Record date shareholders whose record addresses are outside the United States will be sent a copy of the prospectus but will not be sent subscription certificates. The rights offering will be made only by means of the prospectus.
 The Latin America Investment Fund, Inc. is a closed-end, non- diversified management investment company that seeks long-term capital appreciation by investing primarily in Latin American securities.
 -0- 3/12/93
 /CONTACT: Latin American Investment Fund shareholders relations, 212-832-2626/


CO: Latin America Investment Fund, Inc. ST: New York IN: FIN SU:

CK-WB -- NY026 -- 5469 03/12/93 11:25 EST
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Publication:PR Newswire
Date:Mar 12, 1993
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