[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE TECHNOLOGY FUND
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10f-3 TRANSACTIONS FOR THE PERIOD DECEMBER 1, 1999 THROUGH MAY 31, 2000
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Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice perPurchased bOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group(From 05/31/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Harris Interactive, Inc. 12/06/99 3,100 0.00% $14.00 9,800 5,800 0.17% Lehman Bros. Inc. 0
Free Markets Inc. 12/09/99 4,500 0.00% $48.00 17,500 3,600 0.49% Morgan Stanley & Co. 0
Tritel Inc. 12/13/99 5,900 0.00% $18.00 23,000 9,375 0.25% Goldman Sachs & Co. 0
Xpedior Inc. 12/16/99 2,200 0.00% $19.00 7,000 8,535 0.08% J.P. Morgan Sec. 0
Extensity, Inc. 01/27/00 7,400 0.00% $20.00 23,800 4,000 0.60% DB Clearing 0
Caminus 01/28/00 6,900 0.00% $16.00 22,500 4,372 0.51% DB Clearing 0
Dobson Communications Corp02/03/00 49,000 0.00% $22.00 162,300 25,000 0.65% Lehman Bros. Inc. 0
Mediacom Comm. 02/03/00 70,000 0.00% $19.00 231,800 20,000 1.16% Salomon Smith Barney 0
Landacorp Inc. 02/09/00 1,600 0.00% $10.00 5,900 3,500 0.17% Lewco Sec. 0
Organic Inc. 02/09/00 1,000 0.00% $20.00 35,200 5,500 0.64% Banc America Sec. 0
Organic Inc. 02/09/00 1,000 0.00% $20.00 35,200 5,500 0.64% Thomas Weisel 0
Organic Inc. 02/09/00 8,400 0.00% $20.00 35,200 5,500 0.64% Goldman Sachs & Co. 0
Lante Corp 02/10/00 6,200 0.00% $20.00 37,600 4,000 0.94% CS First Boston 0
Lante Corp 02/10/00 3,500 0.00% $20.00 37,600 4,000 0.94% Invemed Association 0
Lante Corp 02/10/00 1,500 0.00% $20.00 37,600 4,000 0.94% Thomas Weisel 0
Witness Systems 02/10/00 1,200 0.00% $20.00 7,400 3,800 0.19% Lewco Sec. 0
Witness Systems 02/10/00 1,000 0.00% $20.00 7,400 3,800 0.19% Goldman Sachs & Co. 0
Eloquent Inc. 02/17/00 6,900 0.00% $16.00 26,800 4,500 0.60% Piper Jaffray 0
Eloquent Inc. 02/17/00 1,000 0.00% $16.00 26,800 4,500 0.60% Thomas Weisel 0
Register.com 03/03/00 1,000 0.00% $24.00 26,000 5,000 0.52% Thomas Weisel 0
Register.com 03/03/00 500 0.00% $24.00 26,000 5,000 0.52% Banc America Sec. 0
Register.com 03/03/00 4,300 0.00% $24.00 26,000 5,000 0.52% DB Clearing 0
Register.com 03/03/00 500 0.00% $24.00 26,000 5,000 0.52% Soundview Technology 0
Prime Response 03/03/00 6,500 0.00% $18.00 29,100 3,500 0.83% Robertson Stephens 0
Versata 03/03/00 5,300 0.00% $24.00 23,300 3,850 0.61% Thomas Weisel 0
Net 2000 Communications 03/06/00 1,000 0.00% $20.00 144,300 10,000 1.44% Ormes Capital 0
Net 2000 Communications 03/06/00 30,800 0.00% $20.00 144,300 10,000 1.44% Goldman Sachs & Co. 0
First World Communications03/07/00 19,400 0.00% $17.00 87,800 10,000 0.88% Lehman Bros. Inc. 0
PSI Technologies Holdings 03/16/00 1,900 0.00% $16.00 8,600 3,500 0.25% Lewco Sec. 0
Tibco Software 03/21/00 276,000 0.00% $106.00 288,000 5,000 5.76% Goldman Sachs & Co. 0
I3 Mobile 04/06/00 2,800 0.00% $16.00 15,700 5,100 0.31% DB Clearing 0
Go America Inc. 04/06/00 44,200 0.00% $16.00 201,200 10,000 2.01% Bear Stearns 0
AT & T Wireless Group 04/26/00 6,673,2000.00% $29.50 42,949,900 306,000 14.04% Merrill Lynch 0
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* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the puchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering other than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
