<PAGE> PAGE 1
000 A000000 01/31/2000
000 C000000 0000069752
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ALLIANCE BALANCED SHARES, INC.
001 B000000 811-00134
001 C000000 2013194105
002 A000000 500 PLAZA DRIVE
002 B000000 SECAUCUS
002 C000000 NJ
002 D010000 07094
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000001 A
008 C000001 801-32361
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10105
011 A000001 ALLIANCE FUND DISTRIBUTORS, INC.
011 B000001 8-30851
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10105
012 A000001 ALLIANCE FUND SERVICES, INC.
012 B000001 84-0001187
012 C010001 SECAUCUS
012 C020001 NJ
012 C030001 07096
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
<PAGE> PAGE 2
013 B030001 10036
013 B040001 2798
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
014 B000001 8-00017574
015 A000001 STATE STREET BANK AND TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 52
019 C000000 ALLIANCECA
020 A000001 CREDIT SUISSE FIRST BOSTON CORP.
020 B000001 13-5659485
020 C000001 39
020 A000002 SALOMON SMITH BARNEY, INC.
020 B000002 13-1912900
020 C000002 34
020 A000003 PAINEWEBBER, INC.
020 B000003 13-2638166
020 C000003 19
020 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004 18
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005 16
020 A000006 MORGAN (J.P.) SECURITIES, INC.
020 B000006 13-3224016
020 C000006 13
020 A000007 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 11
020 A000008 BANC AMERICA SECURITY LLC
020 C000008 11
020 A000009 LEHMAN BROTHERS, INC.
020 B000009 13-2518466
020 C000009 9
020 A000010 FIRST UNION CAPITAL MARKETS
020 C000010 7
021 000000 202
022 A000001 STATE STREET BANK AND TRUST CO.
022 B000001 04-1867445
022 C000001 4278936
022 D000001 0
022 A000002 PAINEWEBBER, INC.
022 B000002 13-2638166
022 C000002 8506
022 D000002 7122
<PAGE> PAGE 3
022 A000003 SBC WARBURG DILLON READ, INC.
022 B000003 13-3340045
022 C000003 12708
022 D000003 2588
022 A000004 CREDIT SUISSE FIRST BOSTON CORP.
022 B000004 13-5659485
022 C000004 5607
022 D000004 5509
022 A000005 GREENWICH CAPITAL MARKETS, INC.
022 B000005 13-3172275
022 C000005 4590
022 D000005 4960
022 A000006 SALOMON SMITH BARNEY, INC.
022 B000006 13-1912900
022 C000006 5760
022 D000006 3642
022 A000007 GOLDMAN, SACHS & CO.
022 B000007 13-5108880
022 C000007 4900
022 D000007 3307
022 A000008 LEHMAN BROTHERS, INC.
022 B000008 13-2518466
022 C000008 3056
022 D000008 2658
022 A000009 MORGAN STANLEY & CO., INC.
022 B000009 13-2655998
022 C000009 1621
022 D000009 2924
022 A000010 CHASE SECURITIES, INC.
022 B000010 13-3112953
022 C000010 3428
022 D000010 927
023 C000000 4339524
023 D000000 38212
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 Y
026 B000000 Y
026 C000000 N
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026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
<PAGE> PAGE 4
026 H000000 Y
027 000000 Y
028 A010000 12711
028 A020000 1
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030 A000000 607
030 B000000 4.25
030 C000000 4.25
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<PAGE> PAGE 5
042 D000000 0
042 E000000 0
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048 A020000 0.625
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048 J020000 0.000
048 K010000 400000
048 K020000 0.450
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
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<PAGE> PAGE 6
054 N000000 N
054 O000000 N
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066 A000000 Y
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070 A020000 N
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070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
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<PAGE> PAGE 7
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
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070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 N
070 L020000 N
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<PAGE> PAGE 8
072 U000000 0
072 V000000 0
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073 A020000 0.1400
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074 A000000 20
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074 C000000 28053
074 D000000 151212
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074 T000000 408197
074 U010000 13459
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074 V010000 14.50
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<PAGE> PAGE 9
077 B000000 N
077 C000000 N
077 D000000 N
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077 F000000 N
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077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE COMPANY, CHUBB
080 C000000 83000
081 A000000 Y
081 B000000 105
082 A000000 N
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083 A000000 N
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SIGNATURE JOHN COPPONI
TITLE ASST. SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000069752
<NAME> ALLIANCE BALANCED SHARES, INC.
<SERIES>
<NUMBER> 001
<NAME> ALLIANCE BALANCED SHARES, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 396,146,884
<INVESTMENTS-AT-VALUE> 407,509,841
<RECEIVABLES> 6,526,509
<ASSETS-OTHER> 33,637
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,069,987
<PAYABLE-FOR-SECURITIES> 4,808,474
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,064,544
<TOTAL-LIABILITIES> 5,873,018
<SENIOR-EQUITY> 286,722
<PAID-IN-CAPITAL-COMMON> 390,617,681
<SHARES-COMMON-STOCK> 13,459,159
<SHARES-COMMON-PRIOR> 12,155,693
<ACCUMULATED-NII-CURRENT> 193,606
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,730,757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,368,203
<NET-ASSETS> 408,196,969
<DIVIDEND-INCOME> 1,465,222
<INTEREST-INCOME> 5,970,486
<OTHER-INCOME> 0
<EXPENSES-NET> (3,034,779)
<NET-INVESTMENT-INCOME> 4,400,929
<REALIZED-GAINS-CURRENT> 6,665,731
<APPREC-INCREASE-CURRENT> (18,840,315)
<NET-CHANGE-FROM-OPS> (7,773,655)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,435,385)
<DISTRIBUTIONS-OF-GAINS> (8,408,044)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,071,052
<NUMBER-OF-SHARES-REDEEMED> (1,419,499)
<SHARES-REINVESTED> 651,913
<NET-CHANGE-IN-ASSETS> 15,716,140
<ACCUMULATED-NII-PRIOR> 298,965
<ACCUMULATED-GAINS-PRIOR> 16,856,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,143,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,053,000
<AVERAGE-NET-ASSETS> 194,156,679
<PER-SHARE-NAV-BEGIN> 15.63
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.50
<EXPENSE-RATIO> 1.11
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000069752
<NAME> ALLIANCE BALANCED SHARES, INC.
<SERIES>
<NUMBER> 002
<NAME> ALLIANCE BALANCED SHARES, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 396,146,884
<INVESTMENTS-AT-VALUE> 407,509,841
<RECEIVABLES> 6,526,509
<ASSETS-OTHER> 33,637
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,069,987
<PAYABLE-FOR-SECURITIES> 4,808,474
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,064,544
<TOTAL-LIABILITIES> 5,873,018
<SENIOR-EQUITY> 286,722
<PAID-IN-CAPITAL-COMMON> 390,617,681
<SHARES-COMMON-STOCK> 10,369,791
<SHARES-COMMON-PRIOR> 9,026,990
<ACCUMULATED-NII-CURRENT> 193,606
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,730,757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,368,203
<NET-ASSETS> 408,196,969
<DIVIDEND-INCOME> 1,465,222
<INTEREST-INCOME> 5,970,486
<OTHER-INCOME> 0
<EXPENSES-NET> (3,034,779)
<NET-INVESTMENT-INCOME> 4,400,929
<REALIZED-GAINS-CURRENT> 6,665,731
<APPREC-INCREASE-CURRENT> (18,840,315)
<NET-CHANGE-FROM-OPS> (7,773,655)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,400,906)
<DISTRIBUTIONS-OF-GAINS> (6,361,863)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,364,857
<NUMBER-OF-SHARES-REDEEMED> (1,541,678)
<SHARES-REINVESTED> 519,622
<NET-CHANGE-IN-ASSETS> 15,716,140
<ACCUMULATED-NII-PRIOR> 298,965
<ACCUMULATED-GAINS-PRIOR> 16,856,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,143,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,053,000
<AVERAGE-NET-ASSETS> 143,383,155
<PER-SHARE-NAV-BEGIN> 15.11
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> (0.48)
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.98
<EXPENSE-RATIO> 1.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000069752
<NAME> ALLIANCE BALANCED SHARES, INC.
<SERIES>
<NUMBER> 003
<NAME> ALLIANCE BALANCED SHARES, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 396,146,884
<INVESTMENTS-AT-VALUE> 407,509,841
<RECEIVABLES> 6,526,509
<ASSETS-OTHER> 33,637
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,069,987
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,064,544
<TOTAL-LIABILITIES> 5,873,018
<SENIOR-EQUITY> 286,722
<PAID-IN-CAPITAL-COMMON> 390,617,681
<SHARES-COMMON-STOCK> 4,657,128
<SHARES-COMMON-PRIOR> 4,192,645
<ACCUMULATED-NII-CURRENT> 193,606
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 408,196,969
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<OTHER-INCOME> 0
<EXPENSES-NET> (3,034,779)
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<REALIZED-GAINS-CURRENT> 6,665,731
<APPREC-INCREASE-CURRENT> (18,840,315)
<NET-CHANGE-FROM-OPS> (7,773,655)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (634,392)
<DISTRIBUTIONS-OF-GAINS> (2,911,398)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 975,385
<NUMBER-OF-SHARES-REDEEMED> (736,425)
<SHARES-REINVESTED> 225,523
<NET-CHANGE-IN-ASSETS> 15,716,140
<ACCUMULATED-NII-PRIOR> 298,965
<ACCUMULATED-GAINS-PRIOR> 16,856,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,143,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,053,000
<AVERAGE-NET-ASSETS> 65,274,102
<PER-SHARE-NAV-BEGIN> 15.15
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> (0.47)
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.03
<EXPENSE-RATIO> 1.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000069752
<NAME> ALLIANCE BALANCED SHARES, INC.
<SERIES>
<NUMBER> 004
<NAME> ALLIANCE BALANCED SHARES, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 396,146,884
<INVESTMENTS-AT-VALUE> 407,509,841
<RECEIVABLES> 6,526,509
<ASSETS-OTHER> 33,637
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 414,069,987
<PAYABLE-FOR-SECURITIES> 4,808,474
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,064,544
<TOTAL-LIABILITIES> 5,873,018
<SENIOR-EQUITY> 286,722
<PAID-IN-CAPITAL-COMMON> 390,617,681
<SHARES-COMMON-STOCK> 186,121
<SHARES-COMMON-PRIOR> 168,003
<ACCUMULATED-NII-CURRENT> 193,606
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,730,757
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,368,203
<NET-ASSETS> 408,196,969
<DIVIDEND-INCOME> 1,465,222
<INTEREST-INCOME> 5,970,486
<OTHER-INCOME> 0
<EXPENSES-NET> (3,034,779)
<NET-INVESTMENT-INCOME> 4,400,929
<REALIZED-GAINS-CURRENT> 6,665,731
<APPREC-INCREASE-CURRENT> (18,840,315)
<NET-CHANGE-FROM-OPS> (7,773,655)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (35,605)
<DISTRIBUTIONS-OF-GAINS> (109,815)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38,232
<NUMBER-OF-SHARES-REDEEMED> (30,118)
<SHARES-REINVESTED> 10,004
<NET-CHANGE-IN-ASSETS> 15,716,140
<ACCUMULATED-NII-PRIOR> 298,965
<ACCUMULATED-GAINS-PRIOR> 16,856,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,143,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,053,000
<AVERAGE-NET-ASSETS> 2,617,486
<PER-SHARE-NAV-BEGIN> 15.64
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> (0.49)
<PER-SHARE-DIVIDEND> (0.21)
<PER-SHARE-DISTRIBUTIONS> (0.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.51
<EXPENSE-RATIO> 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE BALANCED SHARES FUND
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD SEPTEMBER 1,1999 THROUGH NOVEMBER 30,1999
<CAPTION>
Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice perPurchased bOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group(From 11/30/99
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Royal Caribbean Cruises 09/23/99 4,400 0.00% $46.69 707,700 10,000 7.08% Goldman Sachs & Co.48,000
</TABLE>
* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the puchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering other than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
