SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DEUTSCHE BANK AG\

(Last)

(First)

(Middle)

TAUNUSANLAGE 12 D-60325

(Street)

FRANKFURT AM MAIN

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MEXICO EQUITY & INCOME FUND INC [ MXE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
The Mexico Equity & Income Fund, Inc	02/28/2003⁽¹⁾		P		5,000	A	$7.13	253,350	D
The Mexico Equity & Income Fund, Inc	03/11/2003		P		5,000	A	$7.02	258,350	D
The Mexico Equity & Income Fund, Inc	03/17/2003		P		5,000	A	$7.28	263,350	D
The Mexico Equity & Income Fund, Inc	04/22/2003		P		5,700	A	$7.7	269,050	D
The Mexico Equity & Income Fund, Inc	04/23/2003		P		5,300	A	$7.73	274,350	D
The Mexico Equity & Income Fund, Inc	04/24/2003		P		5,000	A	$7.75	279,350	D
The Mexico Equity & Income Fund, Inc	04/28/2003		P		5,100	A	$7.78	284,450	D
The Mexico Equity & Income Fund, Inc	05/05/2003		P		5,000	A	$8.16	289,450	D
The Mexico Equity & Income Fund, Inc	05/15/2003		P		5,100	A	$8.26	294,550	D
The Mexico Equity & Income Fund, Inc	05/22/2003		P		7,600	A	$8.19	302,150	D
The Mexico Equity & Income Fund, Inc	06/03/2003		P		10,700	A	$8.45	312,850	D
The Mexico Equity & Income Fund, Inc	06/05/2003		P		6,800	A	$8.46	319,650	D
The Mexico Equity & Income Fund, Inc	06/11/2003		P		5,500	A	$8.46	325,150	D
The Mexico Equity & Income Fund, Inc	06/18/2003		P		8,500	A	$8.61	333,650	D
The Mexico Equity & Income Fund, Inc	07/14/2003		P		5,100	A	$8.79	338,750	D
The Mexico Equity & Income Fund, Inc	07/17/2003		P		5,500	A	$8.76	344,250	D
The Mexico Equity & Income Fund, Inc	08/01/2003		P		5,000	A	$9.08	349,250	D
The Mexico Equity & Income Fund, Inc	08/18/2003		P		5,100	A	$8.98	354,350	D
The Mexico Equity & Income Fund, Inc	09/04/2003		P		5,300	A	$9.14	359,650	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This Form 4 filing is being made concurrently with a Schedule 13G filing and Form 3 filing, and all filings are being submitted in connection with an oversight by the Reporting Person. In particular, a tender offer completed by the Issuer on March 20, 2002, reduced the number of shares of Common Stock outstanding and thus served to increase the Reporting Persons beneficial ownership position. Due to an unintentional and inadvertent oversight, the reduction in shares outstanding was not timely taken into account by the Reporting Person. To rectify this oversight, the Reporting Person, which first became a 10% owner of the Issuers Common Stock on February 25, 2003, is submitting the necessary corrective filings.

	Jeffrey A Ruiz	12/29/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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