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Exhibit (a)(4)
ALLIANCE SELECT INVESTOR SERIES, INC.
ARTICLES SUPPLEMENTARY
Alliance Select Investor Series, Inc., a Maryland
corporation having its principal office in Maryland in the City
of Baltimore (hereinafter called the "Corporation"), certifies
that:
FIRST: The Board of Directors of the Corporation hereby
increases the aggregate number of shares of capital stock that
the Corporation has authority to issue by 9,000,000,000 shares
and classifies such additional shares as 3,000,000,000 shares of
Class A Common Stock of the Biotechnology Portfolio,
3,000,000,000 shares of Class B Common Stock of the Biotechnology
Portfolio and 3,000,000,000 shares of Class C Common Stock of the
Biotechnology Portfolio. The Biotechnology Portfolio is referred
to herein as the "Portfolio."
SECOND: The shares of the Class A Common Stock, Class B
Common Stock and Class C Common Stock of the Portfolio as so
classified by the Board of Directors of the Corporation shall
have the preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications and
terms and conditions of redemption set forth in Article FIFTH of
the Corporation's Articles of Incorporation, as amended, except
to the extent that any such provisions relate specifically only
to other classes of Common Stock of the Corporation, and shall be
subject to all provisions of the Charter relating to stock of the
Corporation generally, and those set forth as follows:
(1) The assets attributable to the Class A Common
Stock, Class B Common Stock and Class C Common Stock of
the Portfolio shall be invested in the same investment
portfolio of the Corporation.
(2) Shares of each of the Class A Common Stock,
Class B Common Stock and Class C Common Stock of the
Portfolio shall be entitled to such dividends or
distributions, in stock or in cash or both, as may be
declared from time to time by the Board of Directors
with respect to such class. Specifically, and without
limiting the generality of the foregoing, the dividends
and distributions of investment income and capital gains
with respect to the Class A Common Stock, Class B Common
Stock and Class C Common Stock of the Portfolio shall be
in such amounts, which may vary among the classes, as
may be declared from time to time by the Board of
Directors of the Corporation, and such dividends and
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distributions may vary among the classes of the
Portfolio to reflect differing allocations of the
expenses of the Corporation among the holders of the
classes and any resultant differences among the net
asset values per share of the classes, to such extent
and for such purposes as the Board of Directors of the
Corporation may deem appropriate. The Board of
Directors may provide that dividends shall be payable
only with respect to those shares of stock that have
been held of record continuously by the stockholder for
a specified period, not to exceed 72 hours, prior to the
record date of the dividend. The allocation of
investment income, realized and unrealized capital gains
and losses, expenses and liabilities of the Corporation
and amounts distributable in the event of dissolution of
the Corporation or liquidation of the Corporation or of
the Portfolio among the various classes of the Portfolio
shall be determined by the Board of Directors of the
Corporation in a manner that is consistent with the
Investment Company Act of 1940, the rules and
regulations thereunder, and the interpretations thereof,
in each case as from time to time amended, modified or
superseded. The determination of the Board of Directors
shall be conclusive as to the allocation of investment
income and realized and unrealized capital gains and
losses, expenses and liabilities (including accrued
expenses and reserves) and assets to a particular class
or classes.
(3) The proceeds of the redemption of a share
(including a fractional share) of any class of capital
stock of the Portfolio shall be reduced by the amount of
any contingent deferred sales charge, redemption fee or
other amount payable on such redemption pursuant to the
terms of issuance of such share.
(4) Except as provided below, on each matter
submitted to a vote of the holders of the Class A Common
Stock, Class B Common Stock and Class C Common Stock of
the Portfolio, each such holder shall be entitled to one
vote for each share standing in his or her name on the
books of the Corporation. Subject to any applicable
requirements of the Investment Company Act of 1940, as
from time to time in effect, or rules or orders of the
Securities and Exchange Commission or any successor
thereto, or other applicable law, all such holders of
shares of stock shall vote as a single class except with
respect to any matter which affects only one or more
(but less than all) classes of stock, in which case only
the holders of shares of the classes affected shall be
entitled to vote. Without limiting the generality of
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the foregoing, and subject to any applicable
requirements of the Investment Company Act of 1940, as
from time to time in effect, or rules or orders of the
Securities and Exchange Commission or any successor
thereto, or other applicable law, the holders of the
Class A Common Stock, Class B Common Stock and Class C
Common Stock, respectively, of the Portfolio shall have
(i) exclusive voting rights with respect to any matter
submitted to a vote of stockholders that affects only
holders of the applicable class of the Portfolio and
(ii) no voting rights with respect to any other matter
that affects one or more of such other classes or series
of Common Stock, but not the class or series of which
they are holders.
(5) At such times as may be determined by the
Board of Directors (or with the authorization of the
Board of Directors, by the officers of the Corporation)
in accordance with the Investment Company Act of 1940,
applicable rules and regulations thereunder and
applicable rules and regulations of the National
Association of Securities Dealers, Inc. and from time to
time reflected in the registration statement of the
Corporation (the "Corporation's Registration
Statement"), shares of a particular class of stock of
the Portfolio or certain shares of a particular class of
stock of the Portfolio may be automatically converted
into shares of another class of stock of the Portfolio
based on the relative net asset values of such classes
at the time of conversion, subject, however, to any
conditions of conversion that may be imposed by the
Board of Directors (or with the authorization of the
Board of Directors, by the officers of the Corporation)
and reflected in the Corporation's Registration
Statement. The terms and conditions of such conversion
may vary within and among the classes to the extent
determined by the Board of Directors (or with the
authorization of the Board of Directors, by the officers
of the Corporation) and set forth in the Corporation's
Registration Statement.
THIRD: A. Immediately before the increase in
authorized capital stock provided for herein, the total number of
shares of stock of all classes which the Corporation had
authority to issue was 18,000,000,000 shares, the par value of
each share of stock being $.001, with an aggregate par value of
$18,000,000, classified as follows:
Class A Class B Class C
Name of Portfolio Common Stock Common Stock Common Stock
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Premier Portfolio 3,000,000,000 3,000,000,000 3,000,000,000
Technology Portfolio 3,000,000,000 3,000,000,000 3,000,000,000
B. Immediately after the increase in
authorized capital stock provided for herein, the total number of
shares of stock of all classes which the Corporation has
authority to issue is 27,000,000,000 shares, the par value of
each share of stock being $.001, with an aggregate par value of
$27,000,000, classified as follows:
Class A Class B Class C
Name of Portfolio Common Stock Common Stock Common Stock
Premier Portfolio 3,000,000,000 3,000,000,000 3,000,000,000
Technology Portfolio 3,000,000,000 3,000,000,000 3,000,000,000
Biotechnology
Portfolio 3,000,000,000 3,000,000,000 3,000,000,000
FOURTH: The Corporation is registered as an open-end
company under the Investment Company Act of 1940.
FIFTH: The total number of shares that the Corporation
has authority to issue has been increased by the Board of
Directors of the Corporation in accordance with Section 2-105(c)
of the Maryland General Corporation Law.
SIXTH: The shares aforesaid have been duly classified
by the Corporation's Board of Directors pursuant to authority and
power contained in the Corporation's Articles of Incorporation.
IN WITNESS WHEREOF, Alliance Select Investor Series,
Inc. has caused these Articles Supplementary to be executed by
the Chairman of the Board of Directors of the Corporation and
witnessed by its Secretary as of this 22nd day of June, 2000.
The Chairman of the Board of Directors of the Corporation who
signed these Articles Supplementary acknowledges them to be the
act of the Corporation and states under the penalties of perjury
that, to the best of his knowledge, information and belief, the
matters and facts set forth herein relating to authorization and
approval hereof are true in all material respects.
ALLIANCE SELECT INVESTOR SERIES, INC.
/s/John D. Carifa
By: _________________________________
John D. Carifa
Chairman and President
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WITNESS:
/s/ Edmund P. Bergan
______________________________
Edmund P. Bergan
Secretary
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00250432.AA5
