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000 C000000 0001029843
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010 B000001 801-32361
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010 C020001 NY
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011 B000001 8-30851
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011 C020001 NY
011 C030001 10105
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012 B000001 84-001187
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<PAGE> PAGE 2
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012 C030001 07096
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013 B020001 NY
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022 B000005 13-3112953
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<PAGE> PAGE 3
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022 C000006 28999
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SIGNATURE GUY NORDAHL
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001029843
<NAME> ALLIANCE HIGH YIELD FUND - CLASS A
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001029843
<NAME> ALLIANCE HIGH YIELD FUND - CLASS B
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001029843
<NAME> ALLIANCE HIGH YIELD FUND - CLASS C
<S> <C>
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<SHARES-COMMON-PRIOR> 376,251
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Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette
Securities Corporation Subject to Rule 10f-3
Under the Investment Company Act of 1940
10f-3 TRANSACTIONS FOR THE PERIOD SEPTEMBER 1, 1999
THROUGH FEBRUARY 29, 2000
ALLIANCE HIGH YIELD
Principal
Date Amount
Security** Cusips Purchased Purchased Price
Metromedia Fiber
Network, Inc 591689AE4 11/18/99 $10,000,000 $99.201
PSINet, Inc. 74437CAE1 11/24/99 $8,000,000 $100.00
Voicestream
Wireless Corp. 92861LAA6 11/04/99 $11,500,000 $100.00
Voicestream
Wireless Corp. 92861LAC2 11/04/99 $3,000,000 $56.061
Exodus
Communications, Inc. 302088AF6 12/02/99 $4,000,000 $100.00
Classic Cable, Inc. 18272NAF9 02/11/00 $2,400,000 $100.00
Total % of
Principal Principal Issue Principal
Amount Amount Purchased Amount
Purchased by Issued By Purchased Held
Fund Group (000) Group (1) From 2/29/00
$20,750,000 $750,000 2.77% Salomon 10,000,000
$17,000,000 $600,000 2.83% Bear Stearns 6,000,000
$26,500,000 $1,100,000 2.41% Goldman Sachs 7,000,000
$7,500,000 $720,000 1.04% Goldman Sachs 0
$13,300,000 $375,000 3.55% Goldman 7,500,000
$2,600,000 $225,000 1.16% Goldman 2,400,000
* Unless otherwise indicated, the securities were part of an issue
registered under the Securities Act of 1933 and offered to the
public.
** Indicates the purchase 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.
