WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000275017
<NAME> ALLIANCE CAPITAL RESERVES
<SERIES>
<NUMBER> 02
<NAME> ALLIANCE MONEY RESERVES
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-START> JUL-01-1999
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 1,819,342,093
<INVESTMENTS-AT-VALUE> 1,819,342,093
<RECEIVABLES> 32,486,443
<ASSETS-OTHER> 227,770
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,852,056,306
<PAYABLE-FOR-SECURITIES> 38,000,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,571,088
<TOTAL-LIABILITIES> 39,571,088
<SENIOR-EQUITY> 1,813,671
<PAID-IN-CAPITAL-COMMON> 1,811,857,406
<SHARES-COMMON-STOCK> 1,813,671,077
<SHARES-COMMON-PRIOR> 1,408,575,936
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,185,859)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,812,485,218
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 106,159,912
<OTHER-INCOME> 0
<EXPENSES-NET> (17,987,237)
<NET-INVESTMENT-INCOME> 88,172,675
<REALIZED-GAINS-CURRENT> 1175
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 88,173,850
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (88,172,675)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,949,919,434
<NUMBER-OF-SHARES-REDEEMED> (3,632,996,967)
<SHARES-REINVESTED> 88,172,675
<NET-CHANGE-IN-ASSETS> 405,096,317
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,187,035)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,904,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18,251,000
<AVERAGE-NET-ASSETS> 1,798,723,657
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
