ALLIANCE GOVERNMENT RESERVES INC
NSAR-A, 1998-02-27
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<PAGE>      PAGE  1
000 A000000 12/31/96
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 811-02889
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 SECURITIES CORP.
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   51
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   4862463
022 D000001         0
022 A000002 MORGAN (J.P.) SECURITIES INC.
022 B000002 13-3224016
022 C000002   3926961
022 D000002    672728
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003   3303040
022 D000003     19997
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
<PAGE>      PAGE  3
022 C000004   2669526
022 D000004    115141
022 A000005 BANKERS TRUST
022 B000005 13-6172414
022 C000005   1825982
022 D000005    154644
022 A000006 PRUDENTIAL SECURITIES INC.
022 B000006 22-2347336
022 C000006   1730670
022 D000006     48875
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007   1772510
022 D000007         0
022 A000008 MORGAN STANLEY AND CO., INC.
022 B000008 13-2731510
022 C000008   1683601
022 D000008         0
022 A000009 LEHMAN BROTHERS INC.
022 B000009 13-2518466
022 C000009   1197649
022 D000009         0
022 A000010 CHASE SECURITIES, INC.
022 B000010 13-3112953
022 C000010    759167
022 D000010     43833
023 C000000   25549660
023 D000000    1355051
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
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027  000000 Y
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
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054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
<PAGE>      PAGE  4
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    74000
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081 B00AA00  94
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086 F020000      0
024  000100 Y
025 A000101 CS FIRST BOSTON CORP.
025 B000101 13-5659485
025 C000101 D
025 D000101  160000
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025 B000102 13-5108880
025 C000102 D
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025 A000103 LEHMAN BROTHERS INC.
025 B000103 13-2518466
025 C000103 D
025 D000103  125000
025 A000104 MERRILL LYNCH, PIERCE, FENNER & SMITH
<PAGE>      PAGE  5
025 B000104 13-5674085
025 C000104 D
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025 A000105 MORGAN (J.P.) SECURITIES INC.
025 B000105 13-3224016
025 C000105 D
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<PAGE>      PAGE  6
034  000100 N
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048 K010100        0
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049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
062 A000100 Y
062 B000100   2.4
<PAGE>      PAGE  7
062 C000100  68.0
062 D000100  29.2
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063 B000100  0.0
064 A000100 N
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
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070 A010100 Y
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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
<PAGE>      PAGE  8
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
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072 Y000100        0
072 Z000100    76314
072AA000100       20
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072CC010100        0
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072DD010100    76314
072DD020100        0
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073 A010100   0.0220
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
<PAGE>      PAGE  9
074 A000100        0
074 B000100  1106000
074 C000100  2668501
074 D000100        0
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074 F000100        0
074 G000100        0
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074 L000100    16814
074 M000100        0
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074 O000100        0
074 P000100     2596
074 Q000100        0
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074 S000100        0
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074 V020100     0.00
074 W000100   1.0000
074 X000100   232476
074 Y000100        0
075 A000100  3462018
075 B000100        0
076  000100     0.00
024  000200 Y
025 A000201 GOLDMAN SACHS & CO.
025 B000201 13-5108880
025 C000201 D
025 D000201   32000
025 A000202 MERRILL LYNCH PIERCE FENNER & SMITH
025 B000202 13-5674085
025 C000202 D
025 D000202   16000
025 A000203 MORGAN (J.P.) SECURITIES INC.
025 B000203 13-3224016
025 C000203 D
025 D000203   30000
025 A000204 MORGAN STANLEY & CO., INC.
025 B000204 13-2731510
025 C000204 D
025 D000204   32000
025 A000205 DELETE
<PAGE>      PAGE  10
025 D000205       0
025 A000206 DELETE
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200    351426
028 A020200      2599
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028 B020200      2813
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028 C010200    273598
028 C020200      2313
028 C030200         0
028 C040200    323471
028 D010200    339110
028 D020200      2636
028 D030200         0
028 D040200    309482
028 E010200    257646
028 E020200      2580
028 E030200         0
028 E040200    301391
028 F010200    268046
028 F020200      2357
028 F030200         0
028 F040200    270823
028 G010200   1773870
028 G020200     15298
028 G030200         0
028 G040200   1834660
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
<PAGE>      PAGE  11
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    872
044  000200   1257
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.000
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048 A020200 0.500
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048 B020200 0.490
048 C010200   250000
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048 D020200 0.470
048 E010200  1000000
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048 F010200        0
048 F020200 0.450
048 G010200        0
048 G020200 0.000
048 H010200        0
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048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 Y
062 B000200  69.9
062 C000200   0.0
062 D000200  29.8
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
<PAGE>      PAGE  12
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
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062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  52
063 B000200  0.0
064 A000200 N
064 B000200 N
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
<PAGE>      PAGE  13
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
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072EE000200        0
073 A010200   0.0221
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
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074 C000200   457967
074 D000200        0
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<PAGE>      PAGE  14
074 H000200        0
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074 M000200       15
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074 R030200        0
074 R040200      420
074 S000200        0
074 T000200   655083
074 U010200   655067
074 U020200        0
074 V010200     1.00
074 V020200     0.00
074 W000200   1.0000
074 X000200    24644
074 Y000200        0
075 A000200   692292
075 B000200        0
076  000200     0.00
SIGNATURE   CATHY WHITE                                  
TITLE       ASST VICE PRESIDENT 
 


<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-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                    4,224,257,120
<INVESTMENTS-AT-VALUE>                   4,224,257,120
<RECEIVABLES>                               14,035,198
<ASSETS-OTHER>                                 915,274
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           4,239,207,592
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,996,440
<TOTAL-LIABILITIES>                          4,996,440
<SENIOR-EQUITY>                              4,235,082
<PAID-IN-CAPITAL-COMMON>                 4,230,846,843
<SHARES-COMMON-STOCK>                    4,235,081,925
<SHARES-COMMON-PRIOR>                    3,763,356,075
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (870,773)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             4,234,211,152
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                            (20,270,799)
<NET-INVESTMENT-INCOME>                     93,774,369
<REALIZED-GAINS-CURRENT>                           109
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       93,774,478
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (93,774,369)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                 10,855,055,280
<NUMBER-OF-SHARES-REDEEMED>           (10,477,103,799)
<SHARES-REINVESTED>                         93,774,369
<NET-CHANGE-IN-ASSETS>                     471,725,959
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    (870,882)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        9,601,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             20,271,000
<AVERAGE-NET-ASSETS>                     4,021,109,660
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.023
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                           (0.023)
<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>

<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-30-1998
<PERIOD-START>                             JUL-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      727,634,910
<INVESTMENTS-AT-VALUE>                     727,634,910
<RECEIVABLES>                                3,835,473
<ASSETS-OTHER>                                  56,008
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             731,526,391
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      831,087
<TOTAL-LIABILITIES>                            831,087
<SENIOR-EQUITY>                                730,695
<PAID-IN-CAPITAL-COMMON>                   729,965,606
<SHARES-COMMON-STOCK>                      730,696,301
<SHARES-COMMON-PRIOR>                      704,067,835
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (907)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               730,695,304
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           20,012,773
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,240,674)
<NET-INVESTMENT-INCOME>                     16,772,099
<REALIZED-GAINS-CURRENT>                         (997)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       16,771,102
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (16,772,099)
<DISTRIBUTIONS-OF-GAINS>                      (16,592)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  2,094,320,985
<NUMBER-OF-SHARES-REDEEMED>            (2,084,464,618)
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<ACCUMULATED-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                       720,797,449
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.023
<PER-SHARE-GAIN-APPREC>                           0.00
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<EXPENSE-RATIO>                                   0.89
<AVG-DEBT-OUTSTANDING>                               0
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