Notes 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 policies described
below are followed consistently by the Fund in the preparation of its financial statements in conformity with
generally accepted accounting principles.
SECURITY VALUATION. Portfolio debt securities with remaining 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. Short-term investments having
a 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. Securities valued in good faith by the Valuation Committee of the Board of Directors at fair
value amounted to $3,704,724 (5.5% of net assets) and have been noted in the investment portfolio as of
October 31, 1995.
FOREIGN CURRENCY TRANSLATIONS. The books and records of the Fund are maintained in U.S.
dollars. Foreign currency transactions are translated into U.S. dollars on the following basis:
(i) market value of investment securities, other assets and liabilities at the daily rates of exchange, and
(ii) purchases and sales of investment securities, interest income and certain expenses at the rates of exchange
prevailing on the respective dates of such transactions.
The Fund does not isolate that portion of gains and losses on investments which is due to changes in foreign
exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are
included with the net realized and unrealized gains and losse