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SIGNATURE JOSEPH REZABEK
TITLE ASST. VICE PRESIDENT
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<REALIZED-GAINS-CURRENT> 5,733,139
<APPREC-INCREASE-CURRENT> 4,913,913
<NET-CHANGE-FROM-OPS> 40,335,457
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,073,118)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,951,887
<NUMBER-OF-SHARES-REDEEMED> (4,634,042)
<SHARES-REINVESTED> 325,106
<NET-CHANGE-IN-ASSETS> 107,857,145
<ACCUMULATED-NII-PRIOR> (1,603,541)
<ACCUMULATED-GAINS-PRIOR> (209,847,930)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,658,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,908,000
<AVERAGE-NET-ASSETS> 132,055,830
<PER-SHARE-NAV-BEGIN> 7.57
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.67
<EXPENSE-RATIO> 1.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 021
<NAME> ALLIANCE BOND FUND CORPORATE BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,708,704,498
<INVESTMENTS-AT-VALUE> 1,603,809,984
<RECEIVABLES> 32,111,010
<ASSETS-OTHER> 2,953,693
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,638,874,687
<PAYABLE-FOR-SECURITIES> 210,705,948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,253,736
<TOTAL-LIABILITIES> 215,959,684
<SENIOR-EQUITY> 107,837
<PAID-IN-CAPITAL-COMMON> 1,562,614,710
<SHARES-COMMON-STOCK> 37,638,648
<SHARES-COMMON-PRIOR> 35,972,098
<ACCUMULATED-NII-CURRENT> (1,828,677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33,084,353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (104,894,514)
<NET-ASSETS> 1,422,915,003
<DIVIDEND-INCOME> 1,064,621
<INTEREST-INCOME> 62,158,257
<OTHER-INCOME> 0
<EXPENSES-NET> (10,637,859)
<NET-INVESTMENT-INCOME> 52,585,019
<REALIZED-GAINS-CURRENT> (13,981,016)
<APPREC-INCREASE-CURRENT> (80,639,937)
<NET-CHANGE-FROM-OPS> (42,035,934)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (21,147,307)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,001,565
<NUMBER-OF-SHARES-REDEEMED> (5,266,605)
<SHARES-REINVESTED> 931,590
<NET-CHANGE-IN-ASSETS> (14,386,241)
<ACCUMULATED-NII-PRIOR> 1,664,395
<ACCUMULATED-GAINS-PRIOR> (19,103,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,743,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,638,000
<AVERAGE-NET-ASSETS> 485,535,401
<PER-SHARE-NAV-BEGIN> 14.19
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> (0.92)
<PER-SHARE-DIVIDEND> (0.61)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.20
<EXPENSE-RATIO> 1.10
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 022
<NAME> ALLIANCE BOND FUND CORPORATE BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,708,704,498
<INVESTMENTS-AT-VALUE> 1,603,809,984
<RECEIVABLES> 32,111,010
<ASSETS-OTHER> 2,953,693
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,638,874,687
<PAYABLE-FOR-SECURITIES> 210,705,948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,253,736
<TOTAL-LIABILITIES> 215,959,684
<SENIOR-EQUITY> 107,837
<PAID-IN-CAPITAL-COMMON> 1,562,614,710
<SHARES-COMMON-STOCK> 51,421,732
<SHARES-COMMON-PRIOR> 47,399,813
<ACCUMULATED-NII-CURRENT> (1,828,677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33,084,353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (104,894,514)
<NET-ASSETS> 1,422,915,003
<DIVIDEND-INCOME> 1,064,621
<INTEREST-INCOME> 62,158,257
<OTHER-INCOME> 0
<EXPENSES-NET> (10,637,859)
<NET-INVESTMENT-INCOME> 52,585,019
<REALIZED-GAINS-CURRENT> (13,981,016)
<APPREC-INCREASE-CURRENT> (80,639,937)
<NET-CHANGE-FROM-OPS> (42,035,934)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (26,135,654)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,725,825
<NUMBER-OF-SHARES-REDEEMED> (6,746,696)
<SHARES-REINVESTED> 1,042,790
<NET-CHANGE-IN-ASSETS> (14,386,241)
<ACCUMULATED-NII-PRIOR> 1,664,395
<ACCUMULATED-GAINS-PRIOR> (19,103,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,743,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,638,000
<AVERAGE-NET-ASSETS> 654,258,704
<PER-SHARE-NAV-BEGIN> 14.19
<PER-SHARE-NII> 0.49
<PER-SHARE-GAIN-APPREC> (0.93)
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.19
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000003794
<NAME> ALLIANCE BOND FUND, INC.
<SERIES>
<NUMBER> 023
<NAME> ALLIANCE BOND FUND CORPORATE BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 1,708,704,498
<INVESTMENTS-AT-VALUE> 1,603,809,984
<RECEIVABLES> 32,111,010
<ASSETS-OTHER> 2,953,693
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,638,874,687
<PAYABLE-FOR-SECURITIES> 210,705,948
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,253,736
<TOTAL-LIABILITIES> 215,959,684
<SENIOR-EQUITY> 107,837
<PAID-IN-CAPITAL-COMMON> 1,562,614,710
<SHARES-COMMON-STOCK> 18,776,960
<SHARES-COMMON-PRIOR> 17,940,039
<ACCUMULATED-NII-CURRENT> (1,828,677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (33,084,353)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (104,894,514)
<NET-ASSETS> 1,422,915,003
<DIVIDEND-INCOME> 1,064,621
<INTEREST-INCOME> 62,158,257
<OTHER-INCOME> 0
<EXPENSES-NET> (10,637,859)
<NET-INVESTMENT-INCOME> 52,585,019
<REALIZED-GAINS-CURRENT> (13,981,016)
<APPREC-INCREASE-CURRENT> (80,639,937)
<NET-CHANGE-FROM-OPS> (42,035,934)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,795,130)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,283,280
<NUMBER-OF-SHARES-REDEEMED> (6,856,065)
<SHARES-REINVESTED> 409,706
<NET-CHANGE-IN-ASSETS> (14,386,241)
<ACCUMULATED-NII-PRIOR> 1,664,395
<ACCUMULATED-GAINS-PRIOR> (19,103,337)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,743,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 10,638,000
<AVERAGE-NET-ASSETS> 220,210,123
<PER-SHARE-NAV-BEGIN> 14.19
<PER-SHARE-NII> 0.48
<PER-SHARE-GAIN-APPREC> (0.91)
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.20
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Item 77E Legal Proceedings
On December 12, 1997, The Alliance Bond Fund, Inc., along with a number
of other Plaintiffs, commenced action in the United States District
Court for the Southern District of New York against Grupo Mexican de
Desarrollo, S.A. ("GMD") and other named defendants, seeking a money
judgment for the full principal amount, with interest resulting from
GMD's default on certain Notes. On April 17, 1998, the United States
District Court for the Southern District of New York issued an Order and
Judgment to the Plaintiffs in the amount of $82,444,259 on their breach
of contract claim and ordered the Defendant to surrender certain assets
to Plaintiffs in satisfaction of the Judgment. The Defendants chose not
to appeal the judgment, but did appeal the turnover order, which appeal
is still pending.
\\acntnyc031\dept\mf_legal\kelly\abfnsarlan.299.doc
