ALLIANCE MUNICIPAL TRUST
-CALIFORNIA PORTFOLIO
ALLIANCECAPITAL
ANNUAL REPORT
JUNE 30, 1995
LETTER TO SHAREHOLDERS ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
August 3, 1995
Dear Shareholder:
On December 31, 1994, James P. Syrett retired as President of Alliance Cash
Management. His seven years as President were very productive and saw Alliance
become the dominant provider of money funds sold through regional brokerage
firms. On January 1, 1995, it was with great pride that I assumed Jim's
responsibilities, and I look forward to maintaining the high standard of
excellence to which you have grown accustomed.
Money fund assets continue to grow despite volatility in the stock and bond
markets. AMT-California's assets have grown 7.6% to over $236 million in the
past year, in large part because of the effects of T+3 - the accelerated
settlement of most security transactions.
Weakness in the fixed income markets has meant significantly higher yields for
money fund investors. Alliance Municipal Trust - California Portfolio's 30 day
net yield as of June 30, 1995 was 2.97% vs. 1.79% for the same period ending
June 30, 1994.
Alliance has once again demonstrated its dependability. When Orange County
filed for bankruptcy protection last year, Alliance took action to protect the
$1.00 per share net asset value of the two Alliance tax-free money market funds
holding positions in Orange County securities: Alliance Municipal Trust -
General Portfolio and ACM Institutional Reserves - Tax Free Portfolio. Alliance
arranged for the issuance of a letter of credit from an unaffiliated bank
assuring the payment in full of principal and interest due to the Funds, to the
extent Orange County defaulted on the payments. Thereafter, on July 19, 1995,
in view of continuing uncertainty regarding Orange County's performance of its
financial obligations, Alliance purchased approximately $21 million of Orange
County securities from the two Alliance money market funds, thus eliminating
all Orange County securities from our Alliance money fund portfolios.
Speaking for myself and the entire division, we at Alliance look forward to
serving you with continued diligence in the future.
Very truly yours,
Ronald M. Whitehill
President
1
STATEMENT OF NET ASSETS
JUNE 30, 1995 ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
PRINCIPAL
AMOUNT
(000) SECURITY+ YIELD VALUE
---------------------------------------------------------------------------
MUNICIPAL BONDS-85.6%
CALIFORNIA-85.6%
CALIFORNIA GO
Tender Option Bonds Series 153 FGIC VRDN*
$ 1,000 11/01/24 4.25% $ 1,000,000
CALIFORNIA HFA SFMR
(Home Mortgage) Series '95E AMT PPB*
3,500 2/01/96 4.60 3,500,000
CALIFORNIA PCFA
(Burney Forest) Series A VRDN*
5,500 9/01/20 4.35 5,500,000
CALIFORNIA PCFA
(Western Waste Industries Project)
Series '94A VRDN*
600 10/01/06 4.25 600,000
CALIFORNIA PCFA PCR
(Taormina Industries) Series '94A AMT VRDN*
3,400 8/01/14 4.20 3,400,000
CALIFORNIA PCFA PCR
(Wadham Energy Project) Series B AMT VRDN*
1,700 11/01/17 4.35 1,700,000
CALIFORNIA STATEWIDE COMM. DEV. CORP.
(Chino Basin Municipal Water)
Series '90 AMT VRDN*
2,395 8/01/10 4.40 2,395,000
CALIFORNIA STATEWIDE COMM. DEV. CORP. IDR
(Charles/Loralie) Series '89 AMT VRDN*
1,690 7/01/09 4.40 1,690,000
CALIFORNIA STATEWIDE COMM. DEV. CORP. IDR
(K.U.M. Ltd.) AMT VRDN*
2,000 6/01/22 4.70 2,000,000
CHULA VISTA IDR
(Home Depot Project) VRDN*
3,400 12/01/10 4.15 3,400,000
CHULA VISTA IDR
(San Diego Gas & Electric Co.)
Series '92B AMT VRDN*
4,900 12/01/27 4.20 4,900,000
GRAND TERRACE MFHR
(Mt. Vernon Villas) Series '85A VRDN*
1,435 12/01/11 3.85 1,435,000
LOCAL AGENCY COP
Composite Issue 1986 Series I VRDN*
1,200 8/01/16 4.20 1,200,000
LOMA LINDA HOSPITAL REVENUE
(Loma Linda University Medical Center)
Series C VRDN*
15,000 12/01/15 4.00 15,000,000
LOS ANGELES COUNTY
(Convention and Exhibition Center)
MBIA VRDN*
11,000 8/15/18 4.25 11,000,000
LOS ANGELES COUNTY COP
(Los Angeles County Public Properties)
Pre-Refunded
2,750 10/01/95 10.50 2,832,725
LOS ANGELES COUNTY RAN
Metropolitan Transportation Authority
Series A
3,000 4/25/96 4.23 3,018,088
LOS ANGELES COUNTY TRAN
Series '95
5,000 7/01/96 3.80 5,033,450
LOS ANGELES HFA MFHR
(Malibu Meadows Project A) VRDN*
3,400 12/01/15 3.85 3,400,000
LOS ANGELES MFHR
(Poinsettia Apartment Project)
Series '89A AMT VRDN*
1,300 7/01/19 3.85 1,300,000
LOS ANGELES TRAN
(Unified School District) Series '94
15,000 7/10/95 3.60-8.08 15,003,211
MONROVIA REDEV. AGY.
(Holiday Inn) Series '84 VRDN*
4,700 12/01/14 4.00 4,700,000
MONTEREY PENINSULA COP
(Wastewater Reclamation Project)
Series '92 VRDN*
10,300 7/01/22 4.35 10,300,000
MORGAN HILL REDEV. AGY.
(Kent Trust) VRDN*
2,640 12/01/14 5.85 2,640,000
MORGAN HILL REDEV. AGY.
(Nob Hill Venture Investors) VRDN*
1,970 12/01/09 5.85 1,970,000
2
ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
PRINCIPAL
AMOUNT
(000) SECURITY+ YIELD VALUE
---------------------------------------------------------------------------
OCEANSIDE MFHR
(Riverview Springs) Series '90A AMT VRDN*
$ 3,520 7/01/20 4.55% $ 3,520,000
ONTARIO GO TRAN
Series '94
5,400 11/03/95 3.60-4.30 5,414,451
ORANGE COUNTY MFHR
(Alicia Viejo Project)
Series '86A AMT VRDN*
4,120 12/01/16 4.65 4,120,000
PALM SPRINGS IDR
(BP Holdings Project) Series '89A VRDN*
2,000 8/05/19 4.20 2,000,000
REDONDO BEACH REDEV. AGY.
(McCandless Housing Project)
Series '95A VRDN*
9,140 12/01/25 4.00 9,140,000
RIVERSIDE COUNTY COP
Series '85C VRDN*
2,800 12/01/15 4.10 2,800,000
RIVERSIDE COUNTY SCHOOL
FINANCING AUTHORITY RAN
12,000 7/07/95 3.65 12,001,616
RIVERSIDE HOUSING AUTHORITY
(Amanda Park Apartments)
Series '89B AMT VRDN*
5,400 5/01/19 4.70 5,400,000
SACRAMENTO COUNTY COP
(Administration Center & Courthouse Project)
Series '90 VRDN*
6,200 6/01/20 3.65 6,200,000
SAN BERNARDINO COUNTY GO TRAN
10,000 7/31/95 3.94-4.83 10,002,093
SAN BERNARDINO COUNTY GO TRAN
Series '95
5,000 7/05/96 3.95 5,026,300
SAN DIEGO MFHR
(La Serena Apartments) Series '92A VRDN*
8,000 2/01/09 3.60 8,000,000
SAN FRANCISCO CITY & COUNTY IDR
(Hoefer Scientific Project)
Series '92A AMT VRDN*
980 8/01/07 4.55 980,000
SANTA ANA IDR
(Newport Electronics Project)
Series '88A AMT VRDN*
1,700 11/01/18 5.30 1,700,000
SANTA FE SPRINGS IDR
(Metal Center Project)
Series '89A AMT VRDN*
3,750 7/01/14 4.25 3,750,000
STOCKTON MFHR
(Mariners Pointe Association)
Series A VRDN*
4,000 9/01/18 3.95 4,000,000
UPLAND COMM. REDEV. AGY. MFHR
(Northwoods 168) Series B VRDN*
925 3/01/14 4.40 925,000
VISTA COMMUNITY DEV. COMM. BAN PPB*
8,500 11/01/95 4.50 8,501,617
Total Municipal Bonds
(amortized cost $202,391,447) 202,398,551
COMMERCIAL PAPER-16.0%
CALIFORNIA-14.3%
CALIFORNIA PCFA PCR
(Pacific Gas & Electric) Series '88
7,500 7/18/95 4.05 7,500,000
CALIFORNIA PCFA PCR
(Pacific Gas & Electric) Series '88
4,000 8/15/95 4.05 4,000,000
CALIFORNIA PCFA PCR
(Pacific Gas & Electric) Series '88C
2,000 8/18/95 4.05 2,000,000
CALIFORNIA PCFA PCR
(Pacific Gas & Electric) Series '88F
5,000 8/01/95 4.05 5,000,000
3
STATEMENT OF NET ASSETS ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
PRINCIPAL
AMOUNT
(000) SECURITY+ YIELD VALUE
---------------------------------------------------------------------------
LONG BEACH
(Harbor & Terminal Project) AMT
$ 2,000 9/14/95 4.10% $ 2,000,000
LONG BEACH
(Harbor & Terminal Project) AMT
4,000 9/12/95 4.15 4,000,000
LOS ANGELES METROPOLITAN
TRANSPORTATION AUTH.
3,000 9/01/95 4.10 3,000,000
LOS ANGELES METROPOLITAN
TRANSPORTATION AUTH.
Series A
3,300 8/08/95 3.95 3,300,000
LOS ANGELES METROPOLITAN
TRANSPORTATION AUTH.
Series A
3,000 7/11/95 4.10 3,000,000
33,800,000
PUERTO RICO-1.7%
PUERTO RICO GOVERNMENT DEVELOPMENT BANK
4,000 8/11/95 4.10 4,000,000
Total Commercial Paper
(amortized cost $37,800,000) 37,800,000
TOTAL INVESTMENTS-101.6%
(amortized cost $240,191,447) 240,198,551
Other assets less liabilities-(1.6%) (3,719,170)
NET ASSETS-100%
(offering and redemption price of $1.00
per share; 236,504,726 shares outstanding) $236,479,381
+ All securities either mature or their interest rate changes in one year or
less.
* Variable Rate Demand Notes (VRDN) are instruments whose interest rates
change on a specified date (such as a coupon date or interest payment date) or
whose interest rates vary with changes in a designated base rate (such as the
prime interest rate). These instruments are payable on demand and are secured
by letters of credit or other credit support agreements from major banks.
Periodic Put Bonds (PPB) are payable on demand quarterly, semi-annually or
annually and their interest rates change less frequently than rates on Variable
Rate Demand Notes.
Glossary of Terms:
AMT Alternative Minimum Tax
BAN Bond Anticipation Note
COP Certificate of Participation
FGIC Financial Guaranty Insurance Company
GO General Obligation
HFA Housing Finance Agency/Authority
IDR Industrial Development Revenue
MBIA Municipal Bond Investors Assurance
MFHR Multi-Family Housing Revenue
PCFA Pollution Control Financing Authority
PCR Pollution Control Revenue
PPB Periodic Put Bond
RAN Revenue Anticipation Note
SFMR Single Family Mortgage Revenue
TRAN Tax & Revenue Anticipation Note
VRDN Variable Rate Demand Note
See notes to financial statements.
4
STATEMENT OF OPERATIONS
YEAR ENDED JUNE 30, 1995 ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
INVESTMENT INCOME
Interest $8,298,373
EXPENSES
Advisory fee (Note B) $1,128,198
Distribution assistance and administrative
service (Note C) 742,090
Transfer agency 202,472
Custodian fees 70,512
Printing 43,285
Registration fees 37,541
Audit and legal fees 36,109
Trustees' fees 3,295
Miscellaneous 11,530
Total expenses 2,275,032
Less: fee waiver (176,583)
2,098,449
Net investment income 6,199,924
REALIZED AND UNREALIZED GAIN/LOSS ON INVESTMENTS
Net realized loss on investments (12,411)
Net change in unrealized appreciation of investments 7,104
Net loss on investments (5,307)
NET INCREASE IN NET ASSETS FROM OPERATIONS $6,194,617
See notes to financial statements.
5
STATEMENT OF CHANGES
IN NET ASSETS ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
YEAR ENDED YEAR ENDED
JUNE 30,1995 JUNE 30,1994
------------- -------------
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS
Net investment income $ 6,199,924 $ 3,228,452
Net realized loss on investments (12,411) (13,804)
Net change in unrealized appreciation
of investments 7,104 -0-
Net increase in net assets from operations 6,194,617 3,214,648
DIVIDENDS TO SHAREHOLDERS FROM:
Net investment income (6,199,924) (3,228,452)
TRANSACTIONS IN SHARES OF BENEFICIAL INTEREST
Net increase 16,811,556 63,486,936
Total increase 16,806,249 63,473,132
NET ASSETS
Beginning of year 219,673,132 156,200,000
End of year $236,479,381 $219,673,132
See notes to financial statements.
6
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 1995 ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
NOTE A: SIGNIFICANT ACCOUNTING POLICIES
Alliance Municipal Trust (the 'Fund') is registered under the Investment
Company Act of 1940, as amended, as an open-end investment company. The Fund
operates as a series company currently issuing six classes of shares of
beneficial interest: Alliance Municipal Trust-General Portfolio, Alliance
Municipal Trust-New York Portfolio, Alliance Municipal Trust-California
Portfolio (the 'Portfolio'), Alliance Municipal Trust-Connecticut Portfolio,
Alliance Municipal Trust-New Jersey Portfolio and Alliance Municipal
Trust-Virginia Portfolio. Each series is considered to be a separate entity for
financial reporting and tax purposes. The following is a summary of significant
accounting policies followed by the Portfolio.
1. VALUATION OF SECURITIES
Securities in which the Portfolio invests are traded primarily in the
over-the-counter market and are valued at amortized cost, under which method a
portfolio instrument is valued at cost and any premium or discount is amortized
on a constant basis to maturity. Amortization of premium is charged to income.
Accretion of market discount is credited to unrealized gains.
2. TAXES
It is the Portfolio's policy to comply with the requirements of the Internal
Revenue Code applicable to regulated investment companies and to distribute all
of its investment company taxable income and net realized gains, if applicable,
to its shareholders. Therefore, no provisions for federal income or excise
taxes are required.
3. DIVIDENDS
The Portfolio declares dividends daily from net investment income and
automatically reinvests such dividends in additional shares at net asset value.
Net realized capital gains on investments, if any, are expected to be
distributed near year end. Dividends paid from net investment income for the
year ended June 30, 1995 are exempt from federal income taxes. However, certain
shareholders may be subject to the alternative minimum tax (AMT).
4. GENERAL
Interest income is accrued daily. Security transactions are recorded on the
date securities are purchased or sold. Realized gain (loss) from security
transactions is recorded on the identified cost basis.
NOTE B: ADVISORY FEE AND TRANSACTIONS WITH AN AFFILIATE OF THE ADVISER
The Portfolio pays its Adviser, Alliance Capital Management L.P., an advisory
fee at the annual rate of .50 of 1% on the first $1.25 billion of average daily
net assets; .49 of 1% on the next $.25 billion; .48 of 1% on the next $.25
billion; .47 of 1% on the next $.25 billion; .46 of 1% on the next $1 billion;
and .45 of 1% in excess of $3 billion. The Adviser has agreed, pursuant to the
advisory agreement, to reimburse the Portfolio to the extent that its annual
aggregate expenses (excluding taxes, brokerage, interest and, where permitted,
extraordinary expenses) exceed 1% of its average daily net assets for any
fiscal year. No reimbursement was required for the year ended June 30, 1995.
The Portfolio compensates Alliance Fund Services, Inc. (a wholly-owned
subsidiary of the Adviser) for providing personnel and facilities to perform
transfer agency services for the Portfolio. Such compensation amounted to
$114,130 for the year ended June 30, 1995.
NOTE C: DISTRIBUTION ASSISTANCE AND ADMINISTRATIVE SERVICES PLAN
Under this Plan, the Portfolio pays a distribution fee to the Adviser at an
annual rate of up to .25 of 1% of the Portfolio's average daily net assets.
The Plan provides that the Adviser will use such payments in their entirety for
distribution assistance and promotional activities. For the year ended June
30, 1995, the distribution amounted to $564,099 of which $176,583 was waived.
In addition, the Portfolio reimbursed certain broker-dealers for administrative
costs incurred in connection with providing shareholder services, accounting,
bookkeeping, legal and compliance support.
For the year ended June 30, 1995, such payments by the Portfolio amounted to
$177,991 of which $94,100 was paid to the Adviser.
7
NOTES TO FINANCIAL STATEMENTS (CONT.)
ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
NOTE D: INVESTMENT TRANSACTIONS
At June 30, 1995, the cost of securities for federal income tax purposes was
the same as the cost for financial reporting purposes. At June 30, 1995 the
Portfolio had a capital loss carryforward of $32,449, of which $6,234 expires
in the year 2000, $13,804 expires in the year 2002 and $12,411 expires in the
year 2003.
NOTE E: TRANSACTIONS IN SHARES OF BENEFICIAL INTEREST
An unlimited number of shares ($.01 par value) are authorized. At June 30,
1995, capital paid-in aggregated $236,504,726. Transactions, all at $1.00 per
share, were as follows:
YEAR ENDED YEAR ENDED
JUNE 30, 1995 JUNE 30, 1994
------------- -------------
Shares sold 865,677,866 704,558,192
Shares issued on reinvestments of dividends 6,199,924 3,238,981
Shares redeemed (855,066,234) (644,310,237)
Net increase 16,811,556 63,486,936
NOTE F: FINANCIAL HIGHLIGHTS
Per share operating performance for a share outstanding throughout each period.
<TABLE>
<CAPTION>
YEAR ENDED JUNE 30,
-----------------------------------------------------
1995 1994 1993 1992 1991
--------- --------- --------- --------- ---------
<S> <C> <C> <C> <C> <C>
Net asset value, beginning of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
INCOME FROM INVESTMENT OPERATIONS
Net investment income (a) .027 .018 .020 .032 .043
LESS: DISTRIBUTIONS
Dividends from net investment income (.027) (.018) (.020) (.032) (.043)
Net asset value, end of period $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
TOTAL RETURNS
Total investment return based on net asset value (b) 2.78% 1.83% 2.05% 3.26% 4.43%
RATIOS/SUPPLEMENTAL DATA
Net assets, end of period (000's omitted) $236,479 $219,673 $156,200 $121,317 $111,957
Ratio to average net assets of:
Expenses, net of waivers and reimbursements .93% .93% .93% .95% 1.00%
Expenses, before waivers and reimbursements 1.01% 1.02% 1.02% 1.05% 1.10%
Net investment income 2.75% 1.82% 2.01% 3.18% 4.32%
</TABLE>
(a) Net of expenses reimbursed or waived by the Adviser.
(b) Total investment return is calculated assuming an initial investment made
at the net asset value at the beginning of the period, reinvestment of all
dividends and distributions at net asset value during the period, and
redemption on the last day of the period.
8
INDEPENDENT AUDITOR'S REPORT ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
TO THE BOARD OF TRUSTEES AND SHAREHOLDERS
ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
We have audited the accompanying statement of net assets of the California
Portfolio of Alliance Municipal Trust as of June 30, 1995 and the related
statements of operations, changes in net assets, and financial highlights for
the periods indicated in the accompanying financial statements. These financial
statements and financial highlights are the responsibility of the Portfolio's
management. Our responsibility is to express an opinion on these financial
statements and financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and financial
highlights are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. Our procedures included confirmation of securities owned as of June
30, 1995, by correspondence with the custodian.
An audit also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of the
California Portfolio of Alliance Municipal Trust as of June 30, 1995, and the
results of its operations, changes in its net assets, and its financial
highlights for the periods indicated, in conformity with generally accepted
accounting principles.
New York, New York
August 8, 1995
9
ALLIANCE MUNICIPAL TRUST - CALIFORNIA PORTFOLIO
-------------------------------------------------------------------------------
TRUSTEES
DAVE H. WILLIAMS, CHAIRMAN
JOHN D. CARIFA
SAM Y. CROSS
CHARLES H.P. DUELL
WILLIAM H. FOULK, JR.
ELIZABETH J. MCCORMACK
DAVID K. STORRS
SHELBY WHITE
JOHN WINTHROP
OFFICERS
RONALD M. WHITEHILL, PRESIDENT
JOHN R. BONCZEK, SENIOR VICE PRESIDENT
KATHLEEN A. CORBET, SENIOR VICE PRESIDENT
ROBERT I. KURZWEIL, SENIOR VICE PRESIDENT
PATRICIA NETTER, SENIOR VICE PRESIDENT
RONALD R. VALEGGIA, SENIOR VICE PRESIDENT
DREW BIEGEL, VICE PRESIDENT
DORIS T. CILIBERTI, VICE PRESIDENT
WILLIAM E. OLIVER, VICE PRESIDENT
RAYMOND J. PAPERA, VICE PRESIDENT
EDMUND P. BERGAN, JR., SECRETARY
MARK D. GERSTEN, TREASURER & CHIEF FINANCIAL OFFICER
JOSEPH J. MANTINEO, CONTROLLER
CUSTODIAN
STATE STREET BANK AND TRUST COMPANY
P.O. Box 1912
Boston, MA 02105
LEGAL COUNSEL
SEWARD & KISSEL
One Battery Park Plaza
New York, NY 10004
AUDITORS
MCGLADREY & PULLEN, LLP
555 Fifth Avenue
New York, NY 10017
TRANSFER AGENT
ALLIANCE FUND SERVICES, INC.
P.O. Box 1520
Secaucus, NJ 07096-1520
DISTRIBUTOR
ALLIANCE FUND DISTRIBUTORS, INC.
1345 Avenue of the Americas
New York, NY 10105
10
ALLIANCE MUNICIPAL TRUST- CALIFORNIA PORTFOLIO
1345 Avenue of the Americas, New York, NY 10105
Toll free 1 (800) 221-5672
YIELDS. For current recorded yield information on Alliance
Municipal Trust, call on a touch-tone telephone toll-free
(800) 251-0539 and press the following sequence of keys:
1 # 1 # 3 0 #
For non-touch-tone telephones, call toll-free (800) 221-9513
ALLIANCECAPITAL
DISTRIBUTION OF THIS REPORT OTHER THAN TO SHAREHOLDERS MUST
BE PRECEDED OR ACCOMPANIED BY THE FUND'S CURRENT PROSPECTUS,
WHICH CONTAINS FURTHER INFORMATION ABOUT THE FUND.
R THESE REGISTERED SERVICE MARKS USED UNDER LICENSE FROM
THE OWNER, ALLIANCE CAPITAL MANAGEMENT L.P.
ALC507077
ACAAR
