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 MAY 1, 2000
THROUGH OCTOBER 31, 2000
Date Shares Price per
Security* Purchased Purchased Share
SMTC CORP. 7/20/00 17,900 $16.00
Tycom Ltd. 7/26/00 92,900 $32.00
Corvis Corp. 7/27/00 81,500 $36.00
Telecommunication Systems Inc. 8/08/00 2,600 $17.00
% of
Shares Total Offering
Purchased Shares Purchased Shares
By Fund Offered By Purchased Held
Group (000) Group (1) From 10/31/00
113,900 11,000 1.04% Lehman Bros. Inc. 0
3,996,400 61,130 6.54% Smith Barney 92,900
264,300 27,500 0.96% First Boston 101,500
15,600 4,700 0.33% Chase 0
* 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.
