ALLIANCE BALANCED SHARES INC/NJ
NSAR-B, EX-27, 2000-09-26
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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>                 12-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                      408,396,041
<INVESTMENTS-AT-VALUE>                     438,019,585
<RECEIVABLES>                                5,148,255
<ASSETS-OTHER>                                  74,458
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             443,242,298
<PAYABLE-FOR-SECURITIES>                     5,411,032
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,288,151
<TOTAL-LIABILITIES>                          7,699,183
<SENIOR-EQUITY>                                285,719
<PAID-IN-CAPITAL-COMMON>                   389,415,453
<SHARES-COMMON-STOCK>                          189,404
<SHARES-COMMON-PRIOR>                          168,003
<ACCUMULATED-NII-CURRENT>                    1,148,152
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,067,683
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,626,108
<NET-ASSETS>                               435,543,115
<DIVIDEND-INCOME>                            3,368,480
<INTEREST-INCOME>                           12,132,472
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (6,198,301)
<NET-INVESTMENT-INCOME>                      9,302,651
<REALIZED-GAINS-CURRENT>                    16,050,363
<APPREC-INCREASE-CURRENT>                    (582,410)
<NET-CHANGE-FROM-OPS>                       24,770,604
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (69,052)
<DISTRIBUTIONS-OF-GAINS>                     (109,815)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         63,541
<NUMBER-OF-SHARES-REDEEMED>                   (54,302)
<SHARES-REINVESTED>                             12,162
<NET-CHANGE-IN-ASSETS>                      43,062,286
<ACCUMULATED-NII-PRIOR>                        298,965
<ACCUMULATED-GAINS-PRIOR>                   16,856,146
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,315,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              6,198,000
<AVERAGE-NET-ASSETS>                         2,747,028
<PER-SHARE-NAV-BEGIN>                            15.64
<PER-SHARE-NII>                                   0.43
<PER-SHARE-GAIN-APPREC>                           0.50
<PER-SHARE-DIVIDEND>                            (0.39)
<PER-SHARE-DISTRIBUTIONS>                       (0.64)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.54
<EXPENSE-RATIO>                                   0.86
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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