Note to Financial Statements
A. SIGNIFICANT ACCOUNTING POLICIES
The Latin America Dollar Income Fund, Inc. (the "Fund") is registered under the Investment Company Act of
1940, as amended, as a non-diversified, closed-end management investment company.
The Fund's financial statements are prepared in accordance with generally accepted accounting principles which
require the use of management estimates. The policies described below are followed consistently by the Fund in
the preparation of its financial statements.
SECURITY VALUATION. Portfolio debt securities with original maturities greater than sixty days are valued by
pricing agents approved by the Officers of the Fund, which quotations reflect broker/dealer-supplied valuations
and electronic data processing techniques. If the pricing agents are unable to provide such quotations, the most
recent bid quotation supplied by a bona fide market maker shall be used. Money Market investments having an
original maturity of sixty days or less are valued at amortized cost. All other securities are valued at their fair value
as determined in good faith by the Valuation Committee of the Board of Directors.
REPURCHASE AGREEMENTS. The Fund may enter into repurchase agreements with certain banks and
broker/dealers whereby the Fund, through its custodian, receives delivery of the underlying securities, the amount
of which at the time of purchase and each subsequent business day is required to be maintained at such a level
that the market value, depending on the maturity of the repurchase agreement, is at least equal to the repurchase
price plus accrued interest.
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS. A forward foreign currency exchange
contract (forward contract) is a commitment to purchase or sell a foreign currency at the settlement date at a
negotiated rate. During the period, the Fund utilized forward contracts as a hedge in connection with portfolio
purchases and sales of securities denominated in foreign currencies and as a hedge against