MEXICO FUND INC — Director's Dealing 2004

Nov 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXICO FUND INC (MXF)
CIK: 0000065433
Period of Report: 2004-10-29

Reporting Person: CALDWELL PHILIP (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-29	Common Stock	X	2895	$16.65	Acquired	11580	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-29	Rights	$16.65	X	8685	Acquired	2004-10-22	3 rights for every 1 share (2895)	Direct

Footnotes

F1: The shares listed under Item 4 of Table 1 were acquired through subscription in the issuer's one-for-three rights offering. Shares issued pursuant to the exercise of 8,685 rights issued to Mr. Caldwell were acquired on October 29, 2004.