ALLIANCE BOND FUND INC
485B24E, 1995-08-29
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<PAGE>

                                                 File No. 2-48227

                    Securities and Exchange Commission
                          Washington, D.C.  20549
             ________________________________________________

                                 FORM N-1A

    REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933      /   /

              Pre-Effective Amendment No.                       /   /

              Post-Effective Amendment No. 60                   / x /

                                  and/or
            
      REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

                              Amendment No.                     /   /

             ________________________________________________

                         ALLIANCE BOND FUND, INC.
            1345 Avenue of the Americas, New York, N.Y.  10105
                              (800) 221- 5672
             ________________________________________________

                           EDMUND P. BERGAN, JR.
            1345 Avenue of the Americas, New York, N.Y.  10105
                  (Name and address of Agent for Service)
             ________________________________________________

<TABLE>
<CAPTION>

                      Calculation of Registration Fee:
Title of 
Securities                 Proposed Maximum     Proposed        Amount of
 Being      Amount Being  Offering Price    Maximum Aggregate Registration
Registered   Registered       Per Unit*      Offering Price**      Fee    
<S>         <C>           <C>               <C>               <C>
Common
Stock $.001
par value
U.S. Govt.
 Port.      21,077,203          $8.14            $290,000     $100.00

</TABLE>

    *Estimated solely for the purpose of determining the amount
of the total registration fee based on the offering price per



<PAGE>

share of the U.S. Government Portfolio of the Registrant's Common
Stock on August 14, 1995.




<PAGE>

    **The calculation of the maximum aggregate offering price is
made pursuant to Rule 24e-2(a) under the Investment Company Act
of 1940 and is based on the following:  the total amount of
securities redeemed or repurchased by U.S. Government Portfolio
of Alliance Bond Fund, Inc. during the fiscal year ended June 30,
1995 was 55,454,844, of which 33,191,311 were previously used for
reduction pursuant to Rule 24f-2 or Rule 24e-2(a) and 22,263,533
of which is being so used for such reduction in this Amendment.

It is proposed that this filing will become effective (check
appropriate box)

/X/ immediately upon filing pursuant to paragraph (b)
/ / on (date) pursuant to paragraph (b)
/ / 60 days after filing pursuant to paragraph (a)(1) 
/ / on (date) pursuant to paragraph (a)(1)
/ / 75 days after filing pursuant to paragraph (a)(2)
/ / on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

/ / This post-effective amendment designates a new effective date
    for a previously filed post-effective amendment.

EXHIBIT:  Opinion of Messrs. Seward & Kissel



<PAGE>

                            SIGNATURE


         Pursuant to the requirements of the Securities Act of
1933 and the Investment Company Act of 1940, the Registrant
certifies that it meets all of the requirements for effectiveness
of this Amendment to its Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this
Amendment to its Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City
of New York and State of New York, on the    day of August, l995.

                                  ALLIANCE BOND FUND, INC.


                                  by  /s/ John D. Carifa
                                     ____________________________
                                          John D. Carifa
                                              Chairman

         Pursuant to the requirements of the Securities Act of
l933, this Amendment to the Registration Statement has been
signed below by the following persons in the capacities and on
the dates indicated:

   Signature                    Title                 Date
   _________                    _____                 _____

1) Principal Executive
   Officer


    /s/ John D. Carifa          Chairman              August 24, 1995
   __________________________
        John D. Carifa


2) Principal Accounting and
    Financial Officer


    /s/  Mark D. Gersten        Treasurer and Chief   August 24, 1995
   __________________________     Financial Officer
       Mark D. Gersten




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3) All of the Directors
   ____________________

   John D. Carifa
   Ruth Block
   David H. Dievler
   James R. Greene
   James M. Hester
   Clifford L. Michel
   Eugene F. O'Neil
   Robert C. White


by  /s/ Edmund P. Bergan, Jr.                         August 24, 1995
   __________________________
     (Attorney-in-fact)
     Edmund P. Bergan, Jr.




































00250123.AG4



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                Alliance Fund Distributors, Inc.
                  1345 Avenue of the Americas 
                      New York, N.Y. 10105
                         (212) 969-2156 



                                  August 24, 1995




Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C.  20549

              Re:  Alliance Bond Fund, Inc.
                      (File No. 2-48227)   
                   ________________________

Dear Sirs:

         I have acted as counsel to Alliance Bond Fund, Inc. (the
"Fund"), in connection with the preparation of Post-Effective
Amendment No. 60 to the Fund's N-1A Registration Statement.

         In my view, the above-described Amendment does not
contain disclosures which would render it ineligible to become
effective pursuant to paragraph (b) of Rule 485 under the
Securities Act of 1933.

                                  Sincerely,


                                  /s/ Domenick Pugliese
                                      Domenick Pugliese
                                  Vice President and Associate 
                                      General Counsel















00250123.AG4



<PAGE>

                      Seward & Kissel
                  One Battery Park Plaza
                   New York, N.Y.  10004

                Telephone:  (212) 574-1200
                Facsimile:  (212) 480-8421


                                  August 24, 1995




Alliance Bond Fund, Inc. 
1345 Avenue of the Americas
New York, New York 10105

Dear Sirs:

         We have acted as counsel for Alliance Bond Fund,
Inc., a Maryland corporation (the "Company"), in connection
with the registration of an additional 21,077,203 shares of
common stock, par value $.001 per share, of the Company
under the Securities Act of 1933, as amended (the "Act").

         As counsel for the Company, we have participated in
the preparation of Post-Effective Amendment No. 60 to the
Company's Registration Statement on Form N-1A under the Act
(File No. 2-48227) relating to such additional shares and
have examined and relied upon corporate records of the
Company and other documents and certificates as to factual
matters as we have deemed to be necessary to render the
opinion set forth below.

         Based on that examination we are of the opinion
that the 21,077,203 additional shares of common stock of the
Company being registered by Post-Effective Amendment No. 60
to the Company's Registration Statement are duly authorized
and unissued shares, and when such shares have been duly
sold, issued and paid for as contemplated in the Company's
Prospectus forming a part of its Registration Statement
under the Act, such shares will have been validly and
legally issued (assuming that none of such shares is sold at
a time when such sale would cause the Company to have
outstanding more than the number of shares of common stock
authorized to be issued by the Company's Articles of 







00250123.AG4



<PAGE>



Incorporation) and will be fully paid and non-assessable
shares of common stock of the Company under the laws of the
State of Maryland (assuming that the sale price of each
share is not less than the par value thereof).

         Our opinion above stated is expressed as members of
the bar of the State of New York.

         We hereby consent to the filing of this opinion
with the Securities and Exchange Commission as an exhibit to
above-referenced Post-Effective Amendment No. 60 to the
Company's Registration Statement.

                                  Very truly yours,



                                  /s/ Seward & Kissel

































00250123.AG4



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