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To: Sam Citron who wrote (9952)	5/24/2005 4:58:30 PM
From: Sam Citron	Respond to of 13403

BZL Brazil Equity Fund Delisted. Shareholders to receive NAV in a series of 2 or more payments. Credit Suisse paid $9.60 on May 2, 2005 in first payment. The fund last traded at 10.02 before being delisted by NYSE. I believe it was trading at a discount to NAV. Shareholders of The Brazilian Equity Fund overwhelmingly approved liquidation of the Fund, but no action has been taken since the shareholder vote in 2003. What are the reasons why Credit Suisse decided to liquidate BZL and its progress? Alejos: The Board of Directors of BZL decided to liquidate the Fund in order to enable the Fund's shareholders to receive the net asset value of their shares, whereas the Fund's market value has traded at a substantial discount from NAV for extended periods. The action was also to avoid the possible delisting of the Fund from the New York Stock Exchange and the consequent lack of liquidity that appeared likely when the liquidation was approved. Also, absent the Fund's liquidation, which was an integral part of the settlement of litigation to which the Fund and CSAM were parties, that litigation would likely have continued, which the Board did not believe was in the best interests of shareholders in light of the attendant litigation expenses. The liquidation will be subject to the issuance of an exemptive order by the SEC from certain provisions of the Investment Company Act of 1940. The Fund has received comments from the SEC staff on its application, but we can't predict at this time if or when the requested exemption will be granted. Further information is available at www.CSAM.com or call (800) 293-1232, or (212)-878-9529, the Credit Suisse closed-end fund information line. cefadvisors.com