Exhibit (a)(9)

The Latin America Equity Fund, Inc. (NYSE:  LAQ)

November 21, 2001

FOR IMMEDIATE RELEASE
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Contact:  Investor Relations
          Credit Suisse Asset Management, LLC
          1-800-293-1232

     Latin America Equity Fund Announces Preliminary Results of Tender Offer

     NEW YORK--(BUSINESS WIRE)--November 21, 2001--The Latin America Equity
Fund, Inc. (the "Fund") today announced the termination of its tender offer for
up to 1,312,576 shares of common stock of the Fund, representing 15% of its
outstanding shares of common stock. The offer was for cash at a price equal to
95% of the Fund's net asset value per share as determined at the close regular
trading on the New York Stock Exchange ("NYSE") on November 21, 2001 upon the
terms and conditions set forth in the Fund's Offer to Purchase and the related
Letter of Transmittal. The net asset value as of the close of trading on
Wednesday, November 21, 2001 was $13.95 per share, and accordingly, the tender
offer price is $13.25 per share. The deadline for participating in the offer was
5:00 P.M. Eastern Time on November 21, 2001. Approximately 5,800,000 shares of
the Fund's common stock were tendered through the stated expiration date.
Therefore, on a pro-rata basis, approximately 23% of the shares so tendered are
expected to be accepted for payment. The final number of shares validly tendered
and accepted pursuant to the tender offer will be announced at a later date.

     The Latin America Equity Fund, Inc. is traded on the New York Stock
Exchange under the trading symbol "LAQ." The Fund's investment adviser is Credit
Suisse Asset Management, LLC ("CSAM"). CSAM, the institutional asset management
and mutual fund arm of Credit Suisse Group, is a diversified asset manager,
handling equity, fixed income, international and derivative based accounts
through its offices in 14 countries.

     Any questions or requests for assistance with respect to the tender offer
may be directed to Georgeson Shareholder Communications Inc., the Information
Agent for the offer, toll free at (800) 498-2621.