Management

Board of Directors
Our business and affairs are managed under the direction of our Board of Directors. The Board currently consists of five members, four of whom are not "interested persons" as that term is defined in Section 2(a)(19) of the 1940 Act. We refer to these individuals as our independent directors.

The Directors are fiduciaries for the Fund's shareholders and are governed by the laws of the State of Maryland in this regard. The Board establishes policies for the operation of the Fund and appoints the officers who conduct the daily business of the Fund. Please note that there is only one fund in the complex that is overseen by the Directors. The officers of the Fund, except for Mr. Hellerman, are employees of our investment adviser.

The principal occupations of the Fund’s Directors are set forth in the following table.

Directors' and Officers' Biographical Data (as of April 2008)

Independent Directors

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Glenn Goodstein (1963)	Class I Director	2001	Registered investment adviser; Managing Member of Mercury Partners L.P. (an investment partnership)	None
Phillip Goldstein (1945)	Class I Director (Chairman)	2000	Investment advisor and a principal of the general partner of five investment partnerships in the Bulldog Investors group of private investment funds.	Director, Brantley Capital Corporation (a business development company) since 2001 and ASA Ltd. (a registered closed-end investment company) since 2008.
Rajeev Das (1968)	Class II Director	2001	Principal, Bulldog Investors; Managing Member of the general partner of Opportunity Income Plus L.P.	None
Andrew Dakos (1966)	Class II Director	2001	Managing Member of the general partner of Full Value Partners L.P. (an investment partnership); President of Elmhurst Capital, Inc. (an investment advisory firm)	Director, Brantley Capital Corporation (a business development company)

Interested Directors

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Gerald Hellerman (1937) *	Class III Director, Chief Financial Officer and Chief Compliance Officer	2001	Managing Director, Hellerman Associates, a financial and corporate consulting firm, since the firms inception in 1993.	Director, MVC Capital, Inc.; MVC Acquisition Corporation; Old Mutual Absolute Return and Emerging Managers Fund Complex (consisting of six funds); and Brantley Capital Corporation.

* Mr Hellerman is only deemed an interested director because he is an executive officer.

Our Board of Directors is divided into three classes with each class serving a staggered three year term ending on the date of our annual meeting as follows: Class I directors' term expire in the year 2008; Class II directors' terms expire in 2009; and Class III directors' terms expire in 2010. The Fund's Articles Supplementary provides that the holders of Fund's preferred stock have the right to vote separately as a single class to elect at least two directors.

In addition to Mr Hellerman, our only other current executive officers are:

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Maria Eugenia Pichardo (1950)	President	2004	Portfolio Manager of the Fund since the Fund's inception in 1990; President and General Partner of Pichardo Asset Management, S.A. de C. V. the Fund's investment adviser.	None
Francisco Lopez (1971)	Secretary	2005	Portfolio Manager at Pichardo Asset Management, S.A. de C. V. the Fund's registered investment adviser since 2003; Portfolio manager assistant to the Fund at Acciworldwide, S.A. de C. V., a wholly owned subsidiary of Acciones y Valores de Mexico, S.A. de C. V. the Fund's registered investment adviser prior to 2003.	None

Fund Address and Principal Executive Office
The Mexico Equity and Income Fund Inc.
615 East Michigan Street Milwaukee WI 53202

Investment Adviser
The Fund's investment advisor (the "Investment Adviser") is Pichardo Asset Management; S.A. de C. V a corporation organized under the laws of Mexico and a registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act"). The Investment Adviser's principal office is located at Teopanzolco Avenue 408, 3rd Floor, Cuernavaca 62260, Morelos, Mexico. Maria Eugenia Pichardo is the President and Chief Executive Officer of the Investment Adviser, Ms, Pichardo owns 99% of the total outstanding shares of common stock of the Investment Adviser and has acted as the Fund's portfolio manager since the Fund's inception.

Administrator
U.S. Bancorp Fund Services LLC serves as our administrator. U.S. Bancorp provides us with, but is not limited to the following types of services, general fund management, compliance oversight, financial reporting oversight and tax reporting.

Custodian
Our portfolio securities are held under a custody agreement by U.S. Bank, N.A. The address of the custodian is U.S. Bank, N.A, 1555 N Rivercenter Dr. Suite 302 Milwaukee, WI 53212. Our assets are held under bank custodianship in compliance with the 1940 Act.

Transfer and Dividend paying Agent and Registrar
Computershare Trust Company, N.A. acts as our transfer agent, dividend paying agent and registrar. The principal business address of the transfer agent is 161 Bay State Drive, Braintree MA 02184.