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THE LATIN AMERICAN DISCOVERY FUND, INC. ANNOUNCES THE RESULT OF ITS RIGHTS OFFERING

 NEW YORK, Dec. 30 /PRNewswire/ -- The Latin American Discovery Fund, Inc. (NYSE: LDF) announced today the results of its rights offering of up to 1,980,000 shares of its Common Stock, par value one cent per share, which commenced on Dec. 2, 1993 and expired on Dec. 22, 1993.
 Pursuant to the offering, the Fund issued one transferable right for each share held on the record date. One share of Common Stock was permitted to be purchased from the Fund for each three rights delivered on or prior to the expiration date of the rights offering. After giving effect to the over-subscription privilege, the shares of Common Stock offered by the Fund pursuant to the rights offering were fully subscribed. As a result 1,980,000 shares of the Fund's Common Stock were purchased and the Fund received net proceeds totaling approximately $34,293,600.
 For further information regarding the Fund and the result of its rights offering, please contact Mark Kucera of Mutual Funds Service Company (the Fund's Administrator), 73 Tremont St., Boston, MA 02108, telephone 617-557-8844.
 -0- 12/30/93
 /CONTACT: Mark Kucera of the Mutual Funds Service Company, 617-557-8844/
 (LDF)


CO: Mutual Funds Service Company ST: Massachusetts, New York IN: FIN SU: OFR

JL-CM -- NE004 -- 8153 12/30/93 17:07 EST
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Publication:PR Newswire
Date:Dec 30, 1993
Words:216
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