<TABLE>
<C>
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f3 Under the Investment Company Act of 1940
10f3 TRANSACTIONS FOR THE PERIOD JANUARY1, 2000 THROUGH MARCH 31, 2000
ALLIANCE GREATER CHINA '97 FUND
<S>
Purchased shares purchased Shares
Date Shares Price per by Fund offered by group Purchased Held
Security * Purchased Purchased Share Group (000) (1) From 3/31/00
Asia Info
Holdings
Inc. 03/02/00 100 24 100 5,000 0.00% Morgan 1,000
Stanley
* 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.
</TABLE>
