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SIGNATURE CATHERINE VACCA
TITLE DEPUTY MANAGER
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Report of Independent Auditors
To the Shareholders and Board of Directors of
Alliance Greater China '97 Fund, Inc.
In planning and performing our audit of the financial
statements of Alliance Greater China '97 Fund, Inc. for
the year ended July 31, 1999, we considered its
internal control, including control activities for
safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with
the requirements of Form N-SAR, and not to provide
assurance on the internal control.
The management of Alliance Greater China '97 Fund, Inc.
is responsible for establishing and maintaining
internal control. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an
audit pertain to the entity's objective of preparing
financial statements for external purposes that are
fairly presented in conformity with generally accepted
accounting principles. Those controls include the
safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control,
errors or fraud may occur and not be detected. Also,
projection of any evaluation of internal control to
future periods is subject to the risk that it may
become inadequate because of changes in conditions or
that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not
necessarily disclose all matters in internal control
that might be material weaknesses under standards
established by the American Institute of Certified
Public Accountants. A material weakness is a
condition in which the design or operation of one or
more of the specific internal control components does
not reduce to a relatively low level the risk that
errors or fraud in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving internal control and its operation,
including controls for safeguarding securities, that
we consider to be material weaknesses as defined above
at July 31, 1999.
This report is intended solely for the information and
use of the board of directors and management of
Alliance Greater China '97 Fund, Inc. and the
Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than
these specified parties.
ERNST & YOUNG LLP
September 8, 1999