<PAGE> PAGE 1
000 B000000 10/31/96
000 C000000 0000029292
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 GROWTH AND INCOME FUND, INC.
001 B000000 811-0126
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 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000001 A
008 C000001 801-32361
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10105
010 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
010 B000001 801-32361
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10105
011 A000001 ALLIANCE FUND DISTRIBUTORS, INC.
011 B000001 8-30851
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10105
012 A000001 ALLIANCE FUND SERVICES, INC.
012 B000001 84-0001187
012 C010001 SECAUCUS
<PAGE> PAGE 2
012 C020001 NJ
012 C030001 07094
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
014 B000001 8-00017574
014 A000002 PERSHING
014 B000002 8-00017574
014 A000003 AUTRONET
014 B000003 8-00017574
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 50
019 C000000 ALLIANCECA
020 A000001 GOLDMAN SACHS & CO.
020 B000001 13-5108880
020 C000001 263
020 A000002 MORGAN STANLEY AND CO., INC.
020 B000002 13-2655998
020 C000002 157
020 A000003 PRUDENTIAL SECURITIES INC.
020 B000003 22-2347336
020 C000003 128
020 A000004 DEUTSCHE BANK SECURITIES CORP.
020 B000004 13-2730828
020 C000004 92
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005 92
020 A000006 RAYMOND JAMES & ASSOCIATES, INC.
020 B000006 59-1237041
020 C000006 83
020 A000007 OPPENHEIMER & CO., INC.
020 B000007 13-2798343
020 C000007 77
020 A000008 SMITH BARNEY INC.
020 B000008 13-1912900
020 C000008 75
020 A000009 NATWEST SECURITIES CORPORATION
020 C000009 70
020 A000010 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000010 13-5674085
020 C000010 69
<PAGE> PAGE 3
021 000000 1844
022 A000001 FORD MOTOR CREDIT CORP.
022 B000001 38-1012444
022 C000001 391563
022 D000001 18036
022 A000002 PRUDENTIAL SECURITIES CORP.
022 B000002 22-2347336
022 C000002 397169
022 D000002 4655
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH
022 B000003 13-5674085
022 C000003 278269
022 D000003 12128
022 A000004 AMERICAN EXPRESS CREDIT CORP.
022 B000004 11-1988350
022 C000004 164202
022 D000004 0
022 A000005 GENERAL ELECTRIC CAPITAL CORP.
022 B000005 13-5409205
022 C000005 84286
022 D000005 0
022 A000006 EXXON CORP.
022 B000006 13-2540730
022 C000006 35457
022 D000006 0
022 A000007 STATE STREET BANK AND TRUST CORP.
022 B000007 04-1867445
022 C000007 33277
022 D000007 0
022 A000008 GOLDMAN SACHS & CO.
022 B000008 13-5108880
022 C000008 26397
022 D000008 6742
022 A000009 BEAR STEARNS & CO., INC.
022 B000009 13-3299429
022 C000009 14117
022 D000009 11592
022 A000010 CANTOR FITZGERALD & CO.
022 B000010 13-3680184
022 C000010 0
022 D000010 14000
023 C000000 1470883
023 D000000 110279
024 000000 Y
025 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
025 B000001 13-5674085
025 C000001 E
025 D000001 15813
025 A000002 MERRILL LYNCH PIERCE FENNER & SMITH
025 B000002 13-5674085
025 C000002 D
<PAGE> PAGE 4
025 D000002 3319
025 A000003 PRUDENTIAL SECURITIES CORP.
025 B000003 22-2347336
025 C000003 D
025 D000003 7278
025 A000004 DELETE
025 D000004 0
025 A000005 DELETE
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
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
028 A010000 17438
028 A020000 0
028 A030000 0
028 A040000 8630
028 B010000 13496
028 B020000 1904
028 B030000 0
028 B040000 8355
028 C010000 16790
028 C020000 0
028 C030000 0
028 C040000 9078
028 D010000 15206
028 D020000 0
028 D030000 0
028 D040000 8793
028 E010000 17604
028 E020000 1964
028 E030000 0
028 E040000 8881
028 F010000 19640
028 F020000 0
028 F030000 0
028 F040000 11872
028 G010000 100174
028 G020000 3868
028 G030000 0
028 G040000 55609
028 H000000 26774
<PAGE> PAGE 5
029 000000 Y
030 A000000 1595
030 B000000 4.25
030 C000000 4.25
031 A000000 77
031 B000000 0
032 000000 1518
033 000000 0
034 000000 Y
035 000000 236
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 3422
044 000000 294
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 200000
048 A020000 0.625
048 B010000 200000
048 B020000 0.500
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
<PAGE> PAGE 6
048 K010000 400000
048 K020000 0.450
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
058 B000000 N
058 C000000 N
058 D000000 N
058 E000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 250
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
<PAGE> PAGE 7
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 Y
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 N
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE> PAGE 8
071 A000000 710336
071 B000000 623235
071 C000000 718039
071 D000000 87
072 A000000 12
072 B000000 2380
072 C000000 17721
072 D000000 0
072 E000000 0
072 F000000 3804
072 G000000 154
072 H000000 0
072 I000000 1069
072 J000000 183
072 K000000 0
072 L000000 152
072 M000000 31
072 N000000 125
072 O000000 45
072 P000000 0
072 Q000000 0
072 R000000 56
072 S000000 66
072 T000000 3422
072 U000000 0
072 V000000 0
072 W000000 32
072 X000000 9139
072 Y000000 0
072 Z000000 10962
072AA000000 111164
072BB000000 0
072CC010000 18744
072CC020000 0
072DD010000 8959
072DD020000 2472
072EE000000 48669
073 A010000 0.0500
073 A020000 0.0300
073 B000000 0.6210
073 C000000 0.0000
074 A000000 9
074 B000000 0
074 C000000 22049
074 D000000 9180
074 E000000 0
074 F000000 817038
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 390
<PAGE> PAGE 9
074 K000000 0
074 L000000 4278
074 M000000 0
074 N000000 852944
074 O000000 160
074 P000000 771
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 2156
074 S000000 0
074 T000000 849857
074 U010000 184149
074 U020000 99313
074 V010000 3.00
074 V020000 2.99
074 W000000 0.0000
074 X000000 54471
074 Y000000 0
075 A000000 0
075 B000000 745630
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE COMPANY
080 C000000 74000
081 A000000 Y
081 B000000 94
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
<PAGE> PAGE 10
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
SIGNATURE CATHERINE WHITE
TITLE ASST VICE PRES
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000029292
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<SERIES>
<NUMBER> 001
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 742,554,390
<INVESTMENTS-AT-VALUE> 848,266,819
<RECEIVABLES> 4,667,810
<ASSETS-OTHER> 9,445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 852,944,074
<PAYABLE-FOR-SECURITIES> 160,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,926,920
<TOTAL-LIABILITIES> 3,086,920
<SENIOR-EQUITY> 2,834,624
<PAID-IN-CAPITAL-COMMON> 631,295,235
<SHARES-COMMON-STOCK> 184,148,890
<SHARES-COMMON-PRIOR> 169,314,065
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (473,856)
<ACCUMULATED-NET-GAINS> 110,493,856
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 105,707,295
<NET-ASSETS> 849,857,154
<DIVIDEND-INCOME> 17,720,373
<INTEREST-INCOME> 2,380,342
<OTHER-INCOME> 0
<EXPENSES-NET> (9,138,672)
<NET-INVESTMENT-INCOME> 10,962,043
<REALIZED-GAINS-CURRENT> 111,164,477
<APPREC-INCREASE-CURRENT> 18,743,701
<NET-CHANGE-FROM-OPS> 140,870,221
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,958,676)
<DISTRIBUTIONS-OF-GAINS> (35,016,914)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,720,789
<NUMBER-OF-SHARES-REDEEMED> (19,840,417)
<SHARES-REINVESTED> 11,954,453
<NET-CHANGE-IN-ASSETS> 219,106,695
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,998,018
<OVERDISTRIB-NII-PRIOR> (5,076)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,804,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,139,000
<AVERAGE-NET-ASSETS> 510,300,089
<PER-SHARE-NAV-BEGIN> 2.71
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> (0.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.00
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000029292
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<SERIES>
<NUMBER> 002
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 742,554,390
<INVESTMENTS-AT-VALUE> 848,266,819
<RECEIVABLES> 4,667,810
<ASSETS-OTHER> 9,445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 852,944,074
<PAYABLE-FOR-SECURITIES> 160,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,926,920
<TOTAL-LIABILITIES> 3,086,920
<SENIOR-EQUITY> 2,834,624
<PAID-IN-CAPITAL-COMMON> 631,295,235
<SHARES-COMMON-STOCK> 78,761,657
<SHARES-COMMON-PRIOR> 50,759,040
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (473,856)
<ACCUMULATED-NET-GAINS> 110,493,856
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 105,707,295
<NET-ASSETS> 849,857,154
<DIVIDEND-INCOME> 17,720,373
<INTEREST-INCOME> 2,380,342
<OTHER-INCOME> 0
<EXPENSES-NET> (9,138,672)
<NET-INVESTMENT-INCOME> 10,962,043
<REALIZED-GAINS-CURRENT> 111,164,477
<APPREC-INCREASE-CURRENT> 18,743,701
<NET-CHANGE-FROM-OPS> 140,870,221
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,957,466)
<DISTRIBUTIONS-OF-GAINS> (10,843,381)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 36,536,109
<NUMBER-OF-SHARES-REDEEMED> (12,585,942)
<SHARES-REINVESTED> 4,052,450
<NET-CHANGE-IN-ASSETS> 219,106,695
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,998,018
<OVERDISTRIB-NII-PRIOR> (5,076)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,804,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,139,000
<AVERAGE-NET-ASSETS> 186,250,256
<PER-SHARE-NAV-BEGIN> 2.69
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.51
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> (0.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.99
<EXPENSE-RATIO> 1.78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000029292
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<SERIES>
<NUMBER> 003
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> NOV-01-1995
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 742,554,390
<INVESTMENTS-AT-VALUE> 848,266,819
<RECEIVABLES> 4,667,810
<ASSETS-OTHER> 9,445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 852,944,074
<PAYABLE-FOR-SECURITIES> 160,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,926,920
<TOTAL-LIABILITIES> 3,086,920
<SENIOR-EQUITY> 2,834,624
<PAID-IN-CAPITAL-COMMON> 631,295,235
<SHARES-COMMON-STOCK> 20,522,557
<SHARES-COMMON-PRIOR> 13,293,252
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (473,856)
<ACCUMULATED-NET-GAINS> 110,493,856
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 105,707,295
<NET-ASSETS> 849,857,154
<DIVIDEND-INCOME> 17,720,373
<INTEREST-INCOME> 2,380,342
<OTHER-INCOME> 0
<EXPENSES-NET> (9,138,672)
<NET-INVESTMENT-INCOME> 10,962,043
<REALIZED-GAINS-CURRENT> 111,164,477
<APPREC-INCREASE-CURRENT> 18,743,701
<NET-CHANGE-FROM-OPS> 140,870,221
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (514,681)
<DISTRIBUTIONS-OF-GAINS> (2,808,344)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,295,296
<NUMBER-OF-SHARES-REDEEMED> (4,017,599)
<SHARES-REINVESTED> 951,608
<NET-CHANGE-IN-ASSETS> 219,106,695
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,998,018
<OVERDISTRIB-NII-PRIOR> (5,076)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,804,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,139,000
<AVERAGE-NET-ASSETS> 48,817,900
<PER-SHARE-NAV-BEGIN> 2.70
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.50
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> (0.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.99
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
[DESCRIPTION]Auditors Report on Internal Control
To the Board of Directors of
Alliance Growth and Income Fund, Inc.
December 13, 1996
In planning and performing our audit of the financial statements of
Alliance Growth and Income Fund, Inc. (the "Fund") for the year ended
October 31, 1996, we considered its internal control structure,
including procedures for safeguarding securities, in order to
determine our auditing procedures for the purposes of expressing our
opinion on the financial statements and to comply with the
requirements of Form N-SAR, and not to provide assurance on the
internal control structure.
The management of the Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control
structure policies and procedures. Two of the objectives of an
internal control structure are to provide management with reasonable,
but not absolute, assurance that assets are appropriately safeguarded
against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's
authorization and recorded properly to permit preparation of
financial statements in conformity with generally accepted accounting
principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and may not be detected. Also,
projection of any evaluation of the structure to future periods is
subject to the risk that it may become inadequate because of changes
in conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure
that might be material weaknesses under standards established by the
American Institute of Certified Public Accountants. A material
weakness is a condition in which the design or operation of the
specific internal control structure elements does not reduce to a
relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving the
internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined
above as of October 31, 1996.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
PRICE WATERHOUSE LLP
V:\IMSGRP\ALLIANCE\MISC\GRINNSAR.D07 12/17/96 16:45 fj
Chg Code: 23600-007-1
V:\IMSGRP\ALLIANCE\MISC\GRINNSAR.D07 12/17/96 16:45 fj
Chg Code: 23600-007-1
[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchases in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Co
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE GROWTH & INCOME FUND
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD SEPTEMBER 1, 1995 THROUGH NOVEMBER 30, 1995
<CAPTION>
Total
Date Shares % of FundPrice perPurchased by Issued Purchased Held
Security PurchasedPurchasedAssets Share Fund Group (000) By Group Broker(s) 11/30/95
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Canadian National Railway 11/16/95 17,000 0.03% $12.00 63,300 76,200 0.08% Goldman Sachs 0
</TABLE>
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD JUNE 1, 1996 THROUGH AUGUST 31, 1996
<CAPTION>
Total
Shares Shares % of Issue Shares
Date Shares % of FundPrice perPurchased by Issued Purchased Held
Security PurchasedPurchasedAssets Share Fund Group (000) By Group Broker(s) 08/31/96
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Price/Costco, Inc. 06/18/96 1,000 0.00% $19.50 117,400 19,500 0.60% Dean Witter Reynold117,500
Price/Costco, Inc. 06/18/96 5,000 0.01% $19.50 117,400 19,500 0.60% Lazared Freres & Co117,500
Price/Costco, Inc. 06/18/96 5,000 0.01% $19.50 117,400 19,500 0.60% Lewco Secs Agent 117,500
Price/Costco, Inc. 06/18/96 4,000 0.01% $19.50 117,400 19,500 0.60% Furman, Selz, Mager117,500
Price/Costco, Inc. 06/18/96 300 0.00% $19.50 117,400 19,500 0.60% Prudential Securiti117,500
Price/Costco, Inc. 06/18/96 17,500 0.05% $19.50 117,400 19,500 0.60% Bernstein Sanford C117,500
Price/Costco, Inc. 06/18/96 4,500 0.01% $19.50 117,400 19,500 0.60% Morgan, J.P., Secur117,500
Price/Costco, Inc. 06/18/96 2,000 0.01% $19.50 117,400 19,500 0.60% CS First Boston Cor117,500
Price/Costco, Inc. 06/18/96 74,500 0.20% $19.50 117,400 19,500 0.60% UBS Securities 117,500
Price/Costco, Inc. 06/18/96 3,700 0.01% $19.50 117,400 19,500 0.60% Neuberger + Berman 117,500
Teleport Commuications Grp06/27/96 10,000 0.02% $16.00 567,800 23,500 2.42% Gerard Klauer Matti392,500
Teleport Commuications Grp06/27/96 15,000 0.03% $16.00 567,800 23,500 2.42% Schroder Wertham In392,500
Teleport Commuications Grp06/27/96 304,000 0.62% $16.00 567,800 23,500 0.02% Merrill Lynch Pierc392,500
Patriot American-Hospitali07/23/96 5,000 0.02% $28.50 5,000 5,500 0.09% Paine Webber 5,000
</TABLE>
1-Purchase may not exceed 3% of Fund's Total Assets.
2-Purchases by all Alliance Funds may not exceed the greater of (i) 4% of
the principal amount of the offering or (ii) $500,000 in principal amount,
but in no event may exeed 10% of the principal amount of the offering.
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000029292
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<SERIES>
<NUMBER> 004
<NAME> ALLIANCE GROWTH AND INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 1-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-START> OCT-02-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 742,554,390
<INVESTMENTS-AT-VALUE> 848,266,819
<RECEIVABLES> 4,667,810
<ASSETS-OTHER> 9,445
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 852,944,074
<PAYABLE-FOR-SECURITIES> 160,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,926,920
<TOTAL-LIABILITIES> 3,086,920
<SENIOR-EQUITY> 2,834,624
<PAID-IN-CAPITAL-COMMON> 631,295,235
<SHARES-COMMON-STOCK> 29,058
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (473,856)
<ACCUMULATED-NET-GAINS> 110,493,856
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 105,707,295
<NET-ASSETS> 849,857,154
<DIVIDEND-INCOME> 17,720,373
<INTEREST-INCOME> 2,380,342
<OTHER-INCOME> 0
<EXPENSES-NET> (9,138,672)
<NET-INVESTMENT-INCOME> 10,962,043
<REALIZED-GAINS-CURRENT> 111,164,477
<APPREC-INCREASE-CURRENT> 18,743,701
<NET-CHANGE-FROM-OPS> 140,870,221
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,058
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 219,106,695
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 47,998,018
<OVERDISTRIB-NII-PRIOR> (5,076)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,804,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,139,000
<AVERAGE-NET-ASSETS> 11,259
<PER-SHARE-NAV-BEGIN> 2.97
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.00
<EXPENSE-RATIO> 0.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
