[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 NOVEMBER 1, 1999 THROUGH APRIL 30, 2000
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Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice perPurchased bOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group(From 04/30/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Expedia, Inc. 11/10/99 100 0.00% $14.00 8,300 5,200 0.16% Goldman Sachs 0
Somera Communications 11/12/99 1,000 0.00% $12.00 49,600 8,500 0.58% Lehman Brothers 0
Metasolv Software 11/18/99 200 0.00% $19.00 18,300 5,000 0.37% Morgan Stanley 0
Symyx Technologies, Inc. 11/18/99 1,100 0.00% $14.00 134,100 5,538 2.42% CS First Boston 0
Exactis.com 11/19/99 200 0.00% $14.00 7,900 3,800 0.21% Thomas Weisel Partners 0
Mediaplex 11/19/99 500 0.00% $12.00 21,400 6,000 0.36% Lehman Brothers 0
Deltathree.com 11/22/99 300 0.00% $15.00 13,800 6,000 0.23% Lehman Brothers 0
Smarterkids.com 11/23/99 100 0.00% $14.00 3,100 4,500 0.07% Lewco Securities 0
The Management Network Gro11/23/99 400 0.00% $17.00 20,000 4,615 0.43% Lewco Securities 0
Harris Interactive, Inc. 12/06/99 200 0.00% $14.00 9,800 5,800 0.17% Lehman Brothers 0
Classic Communications, In12/07/99 4,200 0.00% $25.00 89,900 8,250 1.09% Goldman Sachs 5,900
Free Markets, Inc. 12/09/99 300 0.00% $48.00 17,500 3,600 0.49% Morgan Stanley 0
Tularik, Inc. 12/09/99 1,400 0.00% $14.00 50,200 6,950 0.72% Lehman Brothers 0
Medicalogic, Inc. 12/10/99 200 0.00% $17.00 8,000 5,300 0.15% Wachovia Securities 0
Tritel, Inc. 12/13/99 400 0.00% $18.00 23,000 9,375 0.25% Goldman Sachs 0
Xpedior, Inc. 12/16/99 200 0.00% $19.00 7,000 8,535 0.08% First Union Capital 0
Extensity, Inc. 01/27/00 500 0.00% $20.00 23,800 4,000 0.60% DB Clearing Services 0
Packaging Corp of America 1/27/000 32,200 0.00% $12.00 738,500 46,250 1.60% Goldman Sachs 20,900
Caminus Corp. 01/28/00 500 0.00% $16.00 22,500 4,372 0.51% DB Clearing Services 0
SBA Communications Corp. 01/28/00 500 0.00% $27.00 181,300 6,000 3.02% Lehman Brothers 5,900
Dobson Communications Corp02/03/00 3,100 0.00% $22.00 162,300 25,000 0.65% Lehman Brothers 6,100
Mediacom Communications 02/03/00 4,400 0.00% $19.00 231,800 20,000 1.16% Salomon Smith Barney 11,100
Fastnet Corp. 02/08/00 200 0.00% $12.00 11,400 4,000 0.29% Furman, Selz, Magerdie 0
Landacorp, Inc. 02/09/00 100 0.00% $10.00 5,900 3,500 0.17% Lewco Securities 0
Organic, Inc. 02/09/00 700 0.00% $20.00 35,200 5,500 0.64% Goldman Sachs 0
Cypress Communications 02/10/00 1,000 0.00% $17.00 23,100 10,000 0.23% Bear Stearns Security 0
Lante Corp. 02/10/00 700 0.00% $20.00 37,600 4,000 0.94% CS First Boston 0
Witness Systems 02/10/00 100 0.00% $20.00 7,400 3,800 0.19% Lewco Securities 0
Diversa Corporation 02/14/00 1,000 0.00% $24.00 26,100 7,250 0.36% Bear Stearns Security 0
Compucredit Corp. 02/16/00 3,100 0.00% $33.50 154,200 4,600 3.35% JP Morgan 7,700
Eloquent, Inc. 02/17/00 500 0.00% $16.00 26,800 4,500 0.60% Piper Jaffray, Inc. 0
Hotel Reservations Network02/25/00 500 0.00% $16.00 27,000 5,400 0.50% Allen & Company 0
Register.Com Inc. 03/03/00 400 0.00% $24.00 26,000 5,000 0.52% DB Clearing Services 0
Versata 03/03/00 300 0.00% $24.00 23,300 3,850 0.61% Thomas Weisel Partners 0
Net2000 Communications 03/06/00 2,100 0.00% $20.00 144,300 10,000 1.44% Goldman Sachs 2,100
PSI Technologies Holdings,03/16/00 100 0.00% $16.00 8,600 3,500 0.25% Lewco Securities 0
Intrabiotics Pharmaceutica03/28/00 300 0.00% $15.00 13,800 7,500 0.18% DB Clearing Services 0
First World Comm. 04/04/00 200 0.00% $16.90 87,800 10,000 0.88% Lehman Brothers 2,700
GoAmerica, Inc. 04/06/00 2,700 0.00% $16.00 201,200 10,000 2.01% Bear Stearns Security 0
I3 Mobile, Inc. 04/06/00 200 0.00% $16.00 15,700 5,100 0.31% DB Clearing Services 0
DDI Corporation 04/11/00 18,400 0.00% $14.00 1,407,500 12,000 11.73% CS First Boston 18,400
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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.
