[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE QUASAR INSTITUTIONAL FUND
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10f-3 TRANSACTIONS FOR THE PERIOD MAY 1, 2000 THROUGH OCTOBER 31, 2000
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Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice pePurchaseOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Gro(000) By Group(From 10/31/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Genomic Solution 05/05/00 11,800 0.00% $8.00 401,400 7,000 5.73% Warburg Dillon Read 11,800
Community Health Systems In06/08/00 600 0.00% $13.00 59,300 18,750 0.32% Merrill Lynch Pierce 0
Virage Inc 06/28/00 800 0.00% $11.00 123,400 3,500,0003.53% CS First Boston 2,200
Network Engines Inc 07/13/00 200 0.00% $17.00 34,400 6,500,0000.53% FleetBoston Robertson 0
SMTC Corporation 07/20/00 600 0.00% $16.00 113,900 11,000,001.04% Lehman Brothers 4,200
Gemini Genomics PLC 07/25/00 500 0.00% $14.00 77,200 6,000,0001.29% SG Cowen Securities 200
Speechworks International 08/01/00 100 0.00% $20.00 11,000 4,750,0000.23% Lewco Securities 0
Silicon Valley Bancshares 08/01/00 500 0.00% $42.19 74,500 2,000,0003.73% Merrill Lynch Pierce 1,200
Entravision Communications 08/02/00 3,200 0.00% $16.50 499,000 46,000,001.08% Merrill Lynch Pierce 6,500
3-Dimensional Pharmaceutica08/03/00 300 0.00% $15.00 50,000 5,000,0001.00% Bear Stearns Securitie0
Advanced Power Technology I08/08/00 400 0.00% $15.00 71,400 3,500,0002.04% Stephens Inc 0
Telecommunications System I08/08/00 100 0.00% $17.00 15,600 4,700,0000.33% Lewco Securities 0
Orient Repress Hotels Inc 08/09/00 2,100 0.00% $19.00 342,900 10,000,003.43% McDonald & Co 3,500
Regeneration Technologies I08/09/00 100 0.00% $14.00 7,200 5,700,0000.13% Banc America Securitie0
Spinnaker Exploration Co 08/10/00 5,300 0.00% $26.25 556,900 4,900,00011.37% CS First Boston 4,300
Curon Medical 09/21/00 500 0.00% $11.00 67,500 5,000,0001.35% UBS Warburg LLC 0
TTM Technologies 09/21/00 1,100 0.00% $16.00 173,900 7,500,0002.32% FleetBoston Robertson 41,513
Wilson Greatbatch Inc 09/28/00 300 0.00% $16.00 42,100 5,000,0000.84% Merrill Lynch Pierce 0
Vastera Inc 09/28/00 400 0.00% $14.00 61,200 6,000,0001.02% DB Clearing Services 0
IXIA 10/17/00 500 0.00% $13.00 102,300 5,500,0001.86% Merrill Lynch Pierce 16,050
W-H Energy Services 10/10/00 3,900 0.00% $16.50 703,100 10,000,007.03% Morgan Stanley 56,975
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* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the puchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering other than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
