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SIGNATURE CATHY WHITE
TITLE ASST VICE PRESIDENT
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<NET-CHANGE-FROM-OPS> 63,178,086
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,153,555)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,778,824
<NUMBER-OF-SHARES-REDEEMED> (1,624,777)
<SHARES-REINVESTED> 151,683
<NET-CHANGE-IN-ASSETS> 175,444,431
<ACCUMULATED-NII-PRIOR> 945,496
<ACCUMULATED-GAINS-PRIOR> (5,350,209)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,677,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,816,000
<AVERAGE-NET-ASSETS> 64,443,261
<PER-SHARE-NAV-BEGIN> 12.93
<PER-SHARE-NII> 1.14
<PER-SHARE-GAIN-APPREC> .29
<PER-SHARE-DIVIDEND> (1.07)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.29
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 011
<NAME> ALLIANCE US GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1,229,155,896
<INVESTMENTS-AT-VALUE> 1,210,228,478
<RECEIVABLES> 14,744,802
<ASSETS-OTHER> 639,843
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,225,613,123
<PAYABLE-FOR-SECURITIES> 23,960,176
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,055,478
<TOTAL-LIABILITIES> 33,015,654
<SENIOR-EQUITY> 158,561
<PAID-IN-CAPITAL-COMMON> 1,428,862,107
<SHARES-COMMON-STOCK> 52,902,109
<SHARES-COMMON-PRIOR> 58,247,102
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,161,774)
<ACCUMULATED-NET-GAINS> (216,334,254)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18,927,171)
<NET-ASSETS> 1,192,597,469
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 112,315,976
<OTHER-INCOME> 0
<EXPENSES-NET> (19,941,036)
<NET-INVESTMENT-INCOME> 92,374,940
<REALIZED-GAINS-CURRENT> (47,116,946)
<APPREC-INCREASE-CURRENT> (26,134,142)
<NET-CHANGE-FROM-OPS> 19,123,852
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (32,265,939)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,111,924
<NUMBER-OF-SHARES-REDEEMED> (17,526,781)
<SHARES-REINVESTED> 2,069,864
<NET-CHANGE-IN-ASSETS> (227,108,202)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (169,217,308)
<OVERDISTRIB-NII-PRIOR> (1,087,945)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,041,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,941,000
<AVERAGE-NET-ASSETS> 436,541,572
<PER-SHARE-NAV-BEGIN> 7.96
<PER-SHARE-NII> 0.58
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.58)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.52
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 012
<NAME> ALLIANCE US GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1,229,155,896
<INVESTMENTS-AT-VALUE> 1,210,228,478
<RECEIVABLES> 14,744,802
<ASSETS-OTHER> 639,843
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,225,613,123
<PAYABLE-FOR-SECURITIES> 23,960,176
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,055,478
<TOTAL-LIABILITIES> 33,015,654
<SENIOR-EQUITY> 158,561
<PAID-IN-CAPITAL-COMMON> 1,428,862,107
<SHARES-COMMON-STOCK> 83,578,767
<SHARES-COMMON-PRIOR> 97,250,041
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,161,774)
<ACCUMULATED-NET-GAINS> (216,334,254)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18,927,171)
<NET-ASSETS> 1,192,597,469
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 112,315,976
<OTHER-INCOME> 0
<EXPENSES-NET> (19,941,036)
<NET-INVESTMENT-INCOME> 92,374,940
<REALIZED-GAINS-CURRENT> (47,116,946)
<APPREC-INCREASE-CURRENT> (26,134,142)
<NET-CHANGE-FROM-OPS> 19,123,852
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (48,490,547)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,077,356
<NUMBER-OF-SHARES-REDEEMED> (27,300,412)
<SHARES-REINVESTED> 2,551,782
<NET-CHANGE-IN-ASSETS> (227,108,202)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (169,217,308)
<OVERDISTRIB-NII-PRIOR> (1,087,945)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,041,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,941,000
<AVERAGE-NET-ASSETS> 726,466,342
<PER-SHARE-NAV-BEGIN> 7.96
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.52)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.52
<EXPENSE-RATIO> 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 013
<NAME> ALLIANCE US GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 1,229,155,896
<INVESTMENTS-AT-VALUE> 1,210,228,478
<RECEIVABLES> 14,744,802
<ASSETS-OTHER> 639,843
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,225,613,123
<PAYABLE-FOR-SECURITIES> 23,960,176
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,055,478
<TOTAL-LIABILITIES> 33,015,654
<SENIOR-EQUITY> 158,561
<PAID-IN-CAPITAL-COMMON> 1,428,862,107
<SHARES-COMMON-STOCK> 22,080,415
<SHARES-COMMON-PRIOR> 22,855,890
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,161,774)
<ACCUMULATED-NET-GAINS> (216,334,254)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (18,927,171)
<NET-ASSETS> 1,192,597,469
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 112,315,976
<OTHER-INCOME> 0
<EXPENSES-NET> (19,941,036)
<NET-INVESTMENT-INCOME> 92,374,940
<REALIZED-GAINS-CURRENT> (47,116,946)
<APPREC-INCREASE-CURRENT> (26,134,142)
<NET-CHANGE-FROM-OPS> 19,123,852
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,692,283)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,342,699
<NUMBER-OF-SHARES-REDEEMED> (8,562,292)
<SHARES-REINVESTED> 444,118
<NET-CHANGE-IN-ASSETS> (227,108,202)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (169,217,308)
<OVERDISTRIB-NII-PRIOR> (1,087,945)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 7,041,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,941,000
<AVERAGE-NET-ASSETS> 175,025,792
<PER-SHARE-NAV-BEGIN> 7.96
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.52)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.52
<EXPENSE-RATIO> 1.71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
[DESCRIPTION]Board of Directors
Alliance Bond Fund, Inc.
In planning and performing our audit of the financial statements of
Alliance Bond Fund, Inc. (comprising the Corporate Bond and U.S.
Government Portfolios) for the year ended June 30, 1996, we considered
its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance
on the internal control structure.
The management of Alliance Bond Fund, Inc. 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 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 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 June 30, 1996.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
ERNST & YOUNG LLP
July 31, 1996
[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 BOND FUND - CORPORATE BOND PORTFOLIO
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD MAY 1, 1996 THROUGH JUN 30, 1996
<CAPTION>
Total
Shares Shares % of Issue Shares
Date Shares % of Fund Price per Purchased by Issued Purchased Held
Security Purchased Purchased Assets Share Fund Group (000) By Group Broker(s) 06/30/96
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Millicom Int'l Cellular 05/24/96 4,000,000 0.57% $52.075 24,000,000 962,000 2.49% Goldman Sachs 20,000,000
</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.
