X0202 4/A 2007-08-31 2007-09-05 0 0000863900 MEXICO EQUITY & INCOME FUND INC MXE 0001341021 Dakos Andrew PARK 80 WEST - PLAZA TWO, SUITE 750 SADDLE BROOK NJ 07663 1 0 0 0 Common stock 2007-08-31 4 J 0 23037 36.24 A 24937 I See Footnote Common stock 2007-08-31 4 S 0 2389 36.4517 D 22548 I See Footnote The reported securities were purchased by the Reporting Person pursuant to a rights offering in which the Reporting Person exercised its right to purchase shares of common stock of the Issuer. The reported securities were acquired by Opportunity Income Plus LP, a limited partnership, and Full Value Partners LP, a limited partnership. The Reporting Person is a Managing Member of Spar Advisors LLC, the general partner for Opportunity Income Plus LP., which has sole voting and dispositive power. The Reporting Person is a Managing Member of Full Value Advisors LLC, the general partner of Full Value Partners LP, which has sole voting and dispositive power. On August 31, 2007 Opportunity Income Plus LP purchased 3,675 shares of the common stock of the Issuer and Full Value Partners LP purchased 19,362 shares of the Common Stock of the Issuer. The Reporting Person disclaims beneficial ownership of the securities purchased by Opportunity Income Plus LP and Full Value Partners LP. The reported securities were sold by Opportunity Income Plus LP, a limited partnership, and Full Value Partners LP, a limited partnership. The Reporting Person is a Managing Member of Spar Advisors LLC, the general partner for Opportunity Income Plus LP., which has sole voting and dispositive power. The Reporting Person is a Managing Member of Full Value Advisors LLC, the general partner of Full Value Partners LP, which has sole voting and dispositive power. On August 31, 2007 Opportunity Income Plus LP sold 382 shares of the common stock of the Issuer and Full Value Partners LP sold 2,007 shares of the Common Stock of the Issuer. /s/ Andrew Dakos 2007-09-12