<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 0000278042
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ALLIANCE GOVERNMENT RESERVES
001 B000000 811-2889
001 C000000 2013194000
002 A000000 500 PLAZA DRIVE
002 B000000 SECAUCUS
002 C000000 NJ
002 D010000 07094
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 ALLIANCE GOVERNMENT RESERVES
007 C030100 N
007 C010200 2
007 C020200 ALLIANCE TREASURY RESERVES
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B00AA01 A
008 C00AA01 801-32361
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10105
010 A00AA01 ALLIANCE CAPITAL MANAGEMENT L.P.
010 B00AA01 801-32361
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10105
011 A00AA01 ALLIANCE FUND DISTRIBUTORS, INC.
011 B00AA01 8-30851
011 C01AA01 NEW YORK
011 C02AA01 NY
<PAGE> PAGE 2
011 C03AA01 10105
012 A00AA01 ALLIANCE FUND SERVICES, INC.
012 B00AA01 84-0001187
012 C01AA01 SECAUCUS
012 C02AA01 NJ
012 C03AA01 07094
013 A00AA01 MCGLADREY AND PULLEN, LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10017
014 A00AA01 DONALDSON LUFKIN & JENRETTE
014 B00AA01 8-0017574
014 A00AA02 PERSHING
014 B00AA02 8-0017574
014 A00AA03 AUTRONET
014 B00AA03 8-0017574
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 50
019 C00AA00 ALLIANCECA
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 STATE STREET BANK AND TRUST CO.
022 B000001 04-1867445
022 C000001 2916500
022 D000001 0
022 A000002 MERRILL LYNCH PIERCE FENNER SMITH
022 B000002 13-5674085
022 C000002 1633807
022 D000002 599064
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 2091271
022 D000003 26730
022 A000004 MORGAN (J.P.) INC.
022 B000004 13-3224016
<PAGE> PAGE 3
022 C000004 1485324
022 D000004 240665
022 A000005 BANKERS TRUST COMPANY
022 B000005 13-4941247
022 C000005 855288
022 D000005 293538
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006 791989
022 D000006 183527
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007 684725
022 D000007 265424
022 A000008 MORGAN STANLEY AND CO., INC.
022 B000008 13-2731510
022 C000008 889094
022 D000008 45313
022 A000009 CLARKE & CO.
022 C000009 445152
022 D000009 464934
022 A000010 DRESDNER
022 B000010 13-6172414
022 C000010 553418
022 D000010 346921
023 C000000 15581547
023 D000000 3235683
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
<PAGE> PAGE 4
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 GULF INSURANCE COMPANY
080 C00AA00 66000
081 A00AA00 Y
081 B00AA00 91
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 Y
025 A000101 FIRST BOSTON CORP
025 B000101 13-5659485
025 C000101 D
025 D000101 100000
025 A000102 GOLDMAN SACHS & CO.
025 B000102 13-5108880
025 C000102 D
<PAGE> PAGE 5
025 D000102 100000
025 A000103 MORGAN STANLEY & CO., INC.
025 B000103 13-2731510
025 C000103 D
025 D000103 100000
025 A000104 PRUDENTIAL-BACHE SECURITIES, INC.
025 B000104 22-2347336
025 C000104 D
025 D000104 100000
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 890606
028 A020100 10510
028 A030100 0
028 A040100 801618
028 B010100 1094246
028 B020100 11118
028 B030100 0
028 B040100 1027313
028 C010100 1011995
028 C020100 10420
028 C030100 0
028 C040100 951782
028 D010100 1059547
028 D020100 12171
028 D030100 0
028 D040100 976286
028 E010100 1059552
028 E020100 11327
028 E030100 0
028 E040100 1022817
028 F010100 1149335
028 F020100 11762
028 F030100 0
028 F040100 1197776
028 G010100 6265281
028 G020100 67308
028 G030100 0
028 G040100 5977592
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
<PAGE> PAGE 6
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 3482
044 000100 4014
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 1250000
048 A020100 0.500
048 B010100 250000
048 B020100 0.490
048 C010100 250000
048 C020100 0.480
048 D010100 250000
048 D020100 0.470
048 E010100 1000000
048 E020100 0.460
048 F010100 0
048 F020100 0.450
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 86.4
062 D000100 13.9
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
<PAGE> PAGE 7
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 48
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
<PAGE> PAGE 8
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 81238
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 6735
072 G000100 769
072 H000100 0
072 I000100 2448
072 J000100 227
072 K000100 0
072 L000100 210
072 M000100 8
072 N000100 276
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 15
072 S000100 16
072 T000100 3482
072 U000100 0
072 V000100 0
072 W000100 22
072 X000100 14208
072 Y000100 278
072 Z000100 67308
072AA000100 0
072BB000100 1
072CC010100 0
072CC020100 0
072DD010100 67308
072DD020100 0
072EE000100 0
073 A010100 0.0243
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 400000
074 C000100 2477630
074 D000100 0
074 E000100 0
074 F000100 0
<PAGE> PAGE 9
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 122400
074 M000100 0
074 N000100 3000030
074 O000100 0
074 P000100 1917
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 128809
074 S000100 0
074 T000100 2869304
074 U010100 2870242
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9995
074 X000100 193
074 Y000100 0
075 A000100 2770828
075 B000100 0
076 000100 0.00
024 000200 Y
025 A000201 GOLDMAN SACHS & CO.
025 B000201 13-5108880
025 C000201 D
025 D000201 24000
025 A000202 MERRILL LYNCH
025 B000202 13-5674085
025 C000202 D
025 D000202 24000
025 A000203 J.P. MORGAN & CO.
025 B000203 13-3224016
025 C000203 D
025 D000203 24000
025 A000204 MORGAN STANLEY & CO., INC.
025 B000204 13-2731510
025 C000204 D
025 D000204 24000
025 A000205 DELETE
025 D000205 0
025 A000206 DELETE
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 227998
<PAGE> PAGE 10
028 A020200 1978
028 A030200 0
028 A040200 213146
028 B010200 206336
028 B020200 2134
028 B030200 0
028 B040200 220425
028 C010200 210042
028 C020200 1881
028 C030200 0
028 C040200 207446
028 D010200 241769
028 D020200 2138
028 D030200 0
028 D040200 261144
028 E010200 258782
028 E020200 2029
028 E030200 0
028 E040200 239553
028 F010200 231694
028 F020200 2125
028 F030200 0
028 F040200 231856
028 G010200 1376621
028 G020200 12285
028 G030200 0
028 G040200 1373570
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
<PAGE> PAGE 11
042 H000200 0
043 000200 635
044 000200 1191
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 1250000
048 A020200 0.500
048 B010200 250000
048 B020200 0.490
048 C010200 250000
048 C020200 0.480
048 D010200 250000
048 D020200 0.470
048 E010200 1000000
048 E020200 0.460
048 F010200 0
048 F020200 0.450
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 71.7
062 C000200 0.0
062 D000200 28.5
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 43
063 B000200 0.0
064 A000200 N
064 B000200 N
<PAGE> PAGE 12
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 14316
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 1270
<PAGE> PAGE 13
072 G000200 101
072 H000200 0
072 I000200 343
072 J000200 69
072 K000200 0
072 L000200 34
072 M000200 6
072 N000200 165
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 17
072 S000200 16
072 T000200 635
072 U000200 5
072 V000200 0
072 W000200 5
072 X000200 2666
072 Y000200 635
072 Z000200 12285
072AA000200 45
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 12285
072DD020200 0
072EE000200 0
073 A010200 0.0244
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 145000
074 C000200 364897
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 11
074 L000200 2902
074 M000200 24
074 N000200 512834
074 O000200 0
074 P000200 233
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
<PAGE> PAGE 14
074 R040200 3518
074 S000200 0
074 T000200 509083
074 U010200 509043
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 1.0004
074 X000200 20
074 Y000200 0
075 A000200 505044
075 B000200 0
076 000200 0.00
SIGNATURE CATHY WHITE
TITLE ASST VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000278042
<NAME> ALLIANCE GOVERNMENT RESERVES
<SERIES>
<NUMBER> 01
<NAME> ALLIANCE GOVERNMENT RESERVES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 2,877,630,407
<INVESTMENTS-AT-VALUE> 2,877,630,407
<RECEIVABLES> 122,399,548
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,000,029,955
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 130,725,863
<TOTAL-LIABILITIES> 130,725,863
<SENIOR-EQUITY> 2,870,242
<PAID-IN-CAPITAL-COMMON> 2,867,371,912
<SHARES-COMMON-STOCK> 2,870,242,154
<SHARES-COMMON-PRIOR> 2,515,245,616
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (938,062)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2,869,304,092
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 81,237,965
<OTHER-INCOME> 0
<EXPENSES-NET> 13,929,843
<NET-INVESTMENT-INCOME> 67,308,122
<REALIZED-GAINS-CURRENT> (649)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 67,307,473
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 67,308,122
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,265,281,047
<NUMBER-OF-SHARES-REDEEMED> 5,977,592,631
<SHARES-REINVESTED> 67,308,122
<NET-CHANGE-IN-ASSETS> 354,995,889
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (937,413)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,734,504
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,208,440
<AVERAGE-NET-ASSETS> 2,770,827,510
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.0243
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.0243
<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>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000278042
<NAME> ALLIANCE GOVERNMENT RESERVES
<SERIES>
<NUMBER> 02
<NAME> ALLIANCE TREASURY RESERVES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 509,896,501
<INVESTMENTS-AT-VALUE> 509,896,501
<RECEIVABLES> 2,912,868
<ASSETS-OTHER> 24,288
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 512,833,657
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,750,780
<TOTAL-LIABILITIES> 3,750,780
<SENIOR-EQUITY> 509,043
<PAID-IN-CAPITAL-COMMON> 508,533,634
<SHARES-COMMON-STOCK> 509,042,677
<SHARES-COMMON-PRIOR> 493,706,430
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 40,200
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 509,082,877
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14,316,604
<OTHER-INCOME> 0
<EXPENSES-NET> 2,031,215
<NET-INVESTMENT-INCOME> 12,285,389
<REALIZED-GAINS-CURRENT> 44,747
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12,330,136
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,285,389
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,376,620,804
<NUMBER-OF-SHARES-REDEEMED> 1,373,569,946
<SHARES-REINVESTED> 12,285,389
<NET-CHANGE-IN-ASSETS> 15,380,994
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,547)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,269,509
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,665,970
<AVERAGE-NET-ASSETS> 505,043,907
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.0244
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.0244
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
