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SIGNATURE C. H. SHEPHERD
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL
INFORMATION CONTAINED IN THIS FORM N-SAR AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL INFORMATION
</LEGEND>
<CIK> 0000315127
<NAME> ALTERMAN INVESTMENT FUND, INC.
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<S> <C>
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</TABLE>
