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 MARCH 1, 2000
THROUGH MAY 31, 2000
Date Shares Price per
Security* Purchased Purchased Share
AT&T Wireless 4/26/00 244,500 $29.50
% of
Shares Total Offering
Purchased Shares Purchased Shares
By Fund Offered By Purchased Held
Group 0 Group (1) From 5/31/00
42,949,900 306,000 14.04% Merrill Lynch 342100
* Unless otherwise indicated, the securities were part of an issue
registered under the Securities Act of 1933 and offering 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 principle amount of the offering of such class; or
b) if purchased in an Eligible Rule 144A Offering, 25% of the total of
(i) the principle amount of the offering of such class sold by underwriter
of members of the selling syndicate to qualified institutional buyers,plus
(ii) the principle amount of the offering of such class in any concurrent
public offering.
