UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment 3)
Mexico Equity and Income Fund
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NAME OF ISSUER:
Common Stock ($0.001 Par Value)
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TITLE OF CLASS OF SECURITIES
592834105
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CUSIP NUMBER
December 29, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Deutsche Bank AG*
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
NUMBER OF 5. SOLE VOTING POWER
SHARES 359,650**
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 359,650
PERSON WITH 8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
359,650
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.54%
12. TYPE OF REPORTING PERSON
HC, CO, BK
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*In accordance with Securities Exchange Act Release No. 39538 (January 12,
1998), this filing reflects the securities beneficially owned by the Corporate
and Investment Banking business group and the Corporate Investments business
group (collectively, "CIB") of Deutsche Bank AG and its subsidiaries and
affiliates(collectively, "DBAG"). This filing does not reflect securities, if
any, beneficially owned by any other business group of DBAG. Consistent with
Rule 13d-4 under the Securities Exchange Act of 1934 ("Act"), this filing shall
not be construed as an admission that CIB is, for purposes of Section 13(d)
under the Act, the beneficial ownerof any securities covered by the filing.
Furthermore, CIB disclaims beneficial ownership of the securities
beneficiallyowned by (i) any client accounts with respect to which CIB or its
employees have voting or investment discretion,or both, and (ii) certain
investment entities, of which CIB is the general partner, managing general
partner,or other manager, to the extent interests in such entities are held by
persons other than CIB.
**This information identifying the beneficial ownership position of the
Reporting Person is accurate as of the date of this Schedule 13G filing. In
addition to providing current beneficial ownership information, this Schedule
13G filing is intended to: (1) Provide beneficial ownership information that
was required to be reported in connection with the Reporting Person first
obtaining a beneficial ownership position in excess of 10% of the Issuers
outstanding Common Stock; and (2) Correct certain inaccurate information
contained in the Schedule 13G filing previously submitted by the Reporting
Person on January 29, 2003, which filing provided year-end ownership
information for 2002.
Both remedial items are being provided 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 hereby provides the following
information: (1) As of February 25, 2003, the Reporting Person beneficially
owned 248,250 shares of the Issuers Common Stock, which represented a position
of 10.03 % of the Issuers Common Stock; and (2) As of December 31, 2002, the
Reporting Person beneficially owned 220,250 shares of the Issuers Common Stock,
which represented a position of 8.90 % of the Issuers Common Stock.
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
DB Advisors, L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(B) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5. SOLE VOTING POWER
SHARES 359,650
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 359,650
PERSON WITH 8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
359,650
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
14.54%
12. TYPE OF REPORTING PERSON
IA
Item 1(a). Name of Issuer:
Mexico Equity and Income Fund (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive Offices:
The address of the Issuer's principal executive offices is:
622 Third Avenue, New York, New York 10017, United States.
Item 2(a). Name of Person Filing:
This statement is filed on behalf of Deutsche Bank AG,
("Reporting Person").
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal place of business of the Reporting Person is:
Taunusanlage 12, D-60325
Frankfurt am Main
Federal Republic of Germany
Item 2(c). Citizenship:
The citizenship of the Reporting Person is set forth on the
cover page.
Item 2(d). Title of Class of Securities:
The title of the securities is common stock, $0.001 par value
(Common Stock).
Item 2(e). CUSIP Number:
The CUSIP number of the Common Stock is set forth on the
cover page.
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of
the Act;
(b) [X] Bank as defined in section 3(a)(6) of the Act;
Deutsche Bank AG
(c) [ ] Insurance Company as defined in section
3(a)(19) of the Act;
(d) [ ] Investment Company registered under section 8
of the Investment Company Act of 1940;
(e) [X] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E); DB Advisors, L.L.C.
(f) [ ] An employee benefit plan, or endowment fund in
accordance with Rule 13d-1 (b)(1)(ii)(F);
(g) [ X ] parent holding company or control person in
accordance with Rule 13d-1 (b)(1)(ii)(G);
Deutsche Bank AG
(h) [ ] A savings association as defined in section
3(b) of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the
definition of an investment company under section
3(c)(14) of the Investment Company Act of 1940;
(j) [ ] Group, in accordance with Rule 13d-1
(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount beneficially owned:
The Reporting Person owns the amount of the Common Stock as
set forth on the cover page.
(b) Percent of class:
The Reporting Person owns the percentage of the Common
Stock as set forth on the cover page.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
The Reporting Person has the sole power to vote or direct
the vote of the Common Stock as set forth on the cover
page.
(ii) shared power to vote or to direct the vote:
The Reporting Person has the shared power to vote or
direct the vote of the Common Stock as set forth on the
cover page.
(iii) sole power to dispose or to direct the disposition
of:
The Reporting Person has the sole power to dispose or
direct the disposition of the Common Stock as set forth
on the cover page.
(iv) shared power to dispose or to direct the disposition
of:
The Reporting Person has the shared power to dispose or
direct the disposition of the Common Stock as set forth on
the cover page.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Subsidiary Item 3 Classification
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DB Advisors, L.L.C Investment Advisor
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: 12/29/03
DEUTSCHE BANK AG
By: /s/ Jeffrey A. Ruiz
Name: Jeffrey A. Ruiz
Title: Vice President
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: 12/29/03
DB Advisors, L.L.C.
By: /s/ Jeffrey A. Ruiz
Name: Jeffrey A. Ruiz
Title: Vice President