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This is filed pursuant to Rule 497(e).
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THE ALLIANCE BOND FUNDS
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Supplement dated April 21, 1997 to Prospectus
dated February 28, 1997
The portfolio manager information set forth in the current
Prospectus of The Alliance Bond Funds is amended to reflect a
change of one of the persons primarily responsible for the
day-to-day management of the portfolios of Short-Term U.S.
Government Fund, Alliance Limited Maturity Government Fund, Inc.
and Alliance Mortgage Securities Income Fund, Inc. Patricia J.
Young has been joined by Jeffrey S. Phlegar as one of the two
managers principally responsible for the day-to-day management of
these Funds. Mr. Phlegar has been a Vice President of ACMC since
1997 and has been associated with Alliance since prior to 1992.
Effective April 21, 1997, the maximum purchase of Class C shares
of The Alliance Bond Funds is $1,000,000. There will continue to
be no size limit on purchases of Class A shares and a limit of
$250,000 on purchases of Class B shares.
The contingent deferred sales charge ("CDSC") schedule of
Alliance Global Strategic Income Trust, Inc. ("Global Strategic
Income") is amended to read as set forth below. The new CDSC
schedule applies to redemptions of Class B shares of Global
Strategic Income that are acquired on or after April 21, 1997.
Year Since
Purchase CDSC
First 4.00%
Second 3.00%
Third 2.00%
Fourth 1.00%
Fifth None
Redemptions of Class B shares of Global Strategic Income that
were acquired before April 21, 1997 will continue to be subject
to the CDSC schedule set forth in the current Prospectus.
Class B shares of Global Strategic Income acquired on or after
April 21, 1997 will convert to Class A shares after eight years.
Class B shares acquired prior to April 21, 1997 will continue to
convert to Class A shares after six years. Although the annual
operating expenses of Global Strategic Income will not increase
due to these changes, the cumulative expenses attributable to a
hypothetical investment in Class B shares of Global Strategic
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Income, as set forth on page 5 of the current Prospectus, would
be as follows:
Example
Class B+ Class B++
After 1 year $66 $26
After 3 years $101 $81
After 5 years $138 $138
After 10 years $276 $276
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+ Assumes redemption at end of period and,
with respect to shares held ten years,
conversion of Class B shares to Class A
shares after eight years.
++ Assumes no redemption at end of period
and, with respect to shares held ten
years, conversion of Class B shares to
Class A shares after eight years.
There will be no resultant change to the cumulative expenses
relating to the Class A and Class C shares.
The changes to the CDSC schedule described herein apply only to
Global Strategic Income. The CDSC schedule and six-year
conversion of the Class B shares of the other Alliance Bond Funds
will not be affected by these changes. For more information
about the application of the CDSC and conversion of Class B
shares to Class A shares, please consult Global Strategic
Income's Statement of Additional Information.
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YOU SHOULD RETAIN THIS SUPPLEMENT WITH YOUR PROSPECTUS FOR FUTURE
REFERENCE.
00250223.AQ0
