MySQL won't maintain character information while importing

$ mysqldump -uxxx -p xxx > data.sql
$ iconv -f UTF-8 -t ISO-8859-1//TRANSLIT data.sql data.iconv.sql

$ /opt/mysql5/bin/mysql -uxxx -p -Dxxx < data.iconv.sql

mysqldump --set-charset ...

SET @saved_cs_client     = @@character_set_client;
SET character_set_client = utf8;

CREATE TABLE ...
...
...
SET character_set_client = @saved_cs_client;