EX.99.CERT
EXHIBIT B
                                 CERTIFICATIONS

I, Gerald Hellerman, certify that:

1.         I have reviewed this report on Form N-CSR of The Mexico Equity and
           Income Fund, Inc.;

2.         Based on my knowledge, this report does not contain any untrue
           statement of a material fact or omit to state a material fact
           necessary to make the statements made, in light of the circumstances
           under which such statements were made, not misleading with respect to
           the period covered by this report;

3.         Based on my knowledge, the financial statements, and other financial
           information included in this report, fairly present in all material
           respects the financial condition, results of operations, changes in
           net assets, and cash flows (if the financial statements are required
           to include a statement of cash flows) of the registrant as of, and
           for, the periods presented in this report;

4.         The registrant's other certifying officer(s) and I are responsible
           for establishing and maintaining disclosure controls and procedures
           (as defined in Rule 30a-3(c) under the Investment Company Act of
           1940) and internal control over financial reporting (as defined in
           Rule 30a-3(d) under the Investment Company Act of 1940) for the
           registrant and have:

(a)        Designed such disclosure controls and procedures, or caused such
           disclosure controls and procedures to be designed under our
           supervision, to ensure that material information relating to the
           registrant, including its consolidated subsidiaries, is made known to
           us by others within those entities, particularly during the period in
           which this report is being prepared;

(b)        Designed such internal control over financial reporting, or caused
           such internal control over financial reporting to be designed under
           our supervision, to provide reasonable assurance regarding the
           reliability of financial reporting and the preparation of financial
           statements for external purposes in accordance with generally
           accepted accounting principles;

(c)        Evaluated the effectiveness of the registrant's disclosure controls
           and procedures and presented in this report our conclusions about the
           effectiveness of the disclosure controls and procedures, as of a date
           within 90 days prior to the filing date of this report based on such
           evaluation; and

(d)        Disclosed in this report any change in the registrant's internal
           control over financial reporting that occurred during the
           registrant's most recent fiscal half-year (the registrant's second
           fiscal half-year in the case of an annual report) that has materially
           affected, or is reasonably likely to materially affect, the
           registrant's internal control over financial reporting; and

5.         The registrant's other certifying officer(s) and I have disclosed to
           the registrant's auditors and the audit committee of the registrant's
           board of directors (or persons performing the equivalent functions):

(a)        All significant deficiencies and material weaknesses in the design or
           operation of internal control over financial reporting which are
           reasonably likely to adversely affect the registrant's ability to
           record, process, summarize, and report financial information; and

(b)        Any fraud, whether or not material, that involves management or other
           employees who have a significant role in the registrant's internal
           control over financial reporting.


Date: OCTOBER 6, 2003                                 /S/ GERALD HELLERMAN
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                                                      Gerald Hellerman
                                                      President & Treasurer