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SIGNATURE CATHY WHITE
TITLE ASST VICE PRESIDENT
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Report to Independent Auditors
To the Shareholders and Board of Directors of
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, 1997, we
considered its internal control, including control activities 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.
The management of Alliance Bond Fund, Inc. is responsible for
establishing
and maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls
that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted
accounting principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities
may occur and not be detected. Also, projection of any evaluation of
internal control 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 would not necessarily
disclose all matters in the internal control 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 one or more of the internal control
components 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 and its operation,
including controls for safeguarding securities, that we consider to
be material weaknesses as defined above at June 30, 1997.
This report is intended solely for the information and use of the
board of directors and management of Alliance Bond Fund, Inc. and
the Securities and Exchange Commission.
ERNST & YOUNG LLP
New York, New York
August 8, 1997
