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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form. Please
print or type.
1. Name and Address of issuer: Alliance High Yield Fund, Inc.
1345 Avenue of the Americas
New York, N.Y. 10105
2. The name of each series or class of securities for which
this Form is filed (If the Form is being filed for all
series and classes of securities of the issuer, check the
box but do not list series or classes): /x/
3. Investment Company Act File Number:
811-9160
Securities Act File Number:
333-18505
4(a). Last day of fiscal year for which this Form is filed:
August 31, 1998
4(b). // Check box if this Form is being filed late (i.e.,
more than 90 calendar days after the end of the
issuers fiscal year). (See Instruction A.2)
Note: If the Form is being filed late, interest must be paid on
the registration fee due.
4(c). // Check box if this is the last time the issuer will
be filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year pursuant to
section 24(f): $426,820,469
(ii) Aggregate price of securities redeemed
or repurchased during the fiscal year: $88,043,145
(iii) Aggregate price of securities redeemed
or repurchased during any prior fiscal
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year ending no earlier than October 11,
1995 that were not previously used to
reduce registration fees payable to the
Commission: $ -0-
(iv) Total available redemption credits
[add Items 5(ii) and 5(iii)]: - $88,043,145
(v) Net sales - if Item 5(i) is greater
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $338,777,324
(vi) Redemption credits available for use
in future years - if Item 5(i) is less
than Item 5(iv) [subtract Item 5(iv)
from Item 5(i)]: $( -0- )
(vii) Multiplier for determining registration
fee (See Instruction C.9): x .000278
(viii) Registration fee due [multiply Item 5(v)
by Item 5(vii)] (enter 0 if no fee is
due): = $94,180.10
6. Prepaid Shares
If the response to item 5(i) was determined by deducting an
amount of securities that were registered under the
Securities Act of 1933 pursuant to rule 24e-2 as in effect
before October 11, 1997, then report the amount of
securities (number of shares or other units) deducted here:
-0-. If there is a number of shares or other units that
were registered pursuant to rule 24e-2 remaining unsold at
the end of the fiscal year for which this form is filed
that are available for use by the issuer in future fiscal
years, then state that number here: -0-.
7. Interest due - if this Form is being filed more
than 90 days after the end of the issuers fiscal
year (see Instruction D): + $ -0-
8. Total of the amount of the registration fee
due plus any interest due [line 5(viii) plus
line 7]: = $94,180.10
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9. Date the registration fee and any interest payment was sent
to the Commissions lockbox depository:
November 20, 1998
Method of Delivery:
/x/ Wire Transfer
/ / Mail or other means
Signatures
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the dates
indicated.
By (Signature and Title)* /s/ Andrew L. Gangolf
______________________
Andrew L. Gangolf
Assistant Secretary
Date November 20, 1998
*Please print the name and title of the signing officer below the
signature.
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00250233.AM6
