ALLIANCE MUNICIPAL TRUST
NSAR-B, 1997-08-27
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<PAGE>      PAGE  1
000 B000000 06/30/97
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007 C020300 ALLIANCE MUNICIPAL TRUST-CALIFORNIA PORTFOLIO
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<PAGE>      PAGE  2
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014 A00AA01 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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048 I020800 0.000
048 J010800        0
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048 K010800        0
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051  000800 N
052  000800 N
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<PAGE>      PAGE  38
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062 A000800 Y
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064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
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070 B010800 N
070 B020800 N
070 C010800 N
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070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 N
070 K020800 N
<PAGE>      PAGE  39
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070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 N
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070 P010800 N
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<PAGE>      PAGE  40
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SIGNATURE   CATHY WHITE                                  
TITLE       ASST. VICE PRESIDENT
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 01
   <NAME> GENERAL PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 02
   <NAME> NEW YORK PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 03
   <NAME> CALIFORNIA PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 04
   <NAME> CONNECTICUT PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
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<PAYABLE-FOR-SECURITIES>                     7,000,000
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<SENIOR-EQUITY>                              1,026,406
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 05
   <NAME> NEW JERSEY PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 06
   <NAME> VIRGINIA PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 07
   <NAME> FLORIDA PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               JUN-30-1997
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<TOTAL-ASSETS>                              92,309,450
<PAYABLE-FOR-SECURITIES>                     2,500,000
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      660,520
<TOTAL-LIABILITIES>                          3,160,520
<SENIOR-EQUITY>                                891,501
<PAID-IN-CAPITAL-COMMON>                    88,258,615
<SHARES-COMMON-STOCK>                       89,150,116
<SHARES-COMMON-PRIOR>                       91,181,362
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (1,977)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           791
<NET-ASSETS>                                89,148,930
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,869,205
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      3,171,608
<REALIZED-GAINS-CURRENT>                             0
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<NET-CHANGE-FROM-OPS>                        3,172,399
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,171,608)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    509,670,004
<NUMBER-OF-SHARES-REDEEMED>              (514,872,858)
<SHARES-REINVESTED>                          3,171,608
<NET-CHANGE-IN-ASSETS>                     (2,030,455)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (1,977)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          534,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,179,000
<AVERAGE-NET-ASSETS>                       106,761,402
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.65
<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> 0000707857
<NAME> ALLIANCE MUNICIPAL TRUST
<SERIES>
   <NUMBER> 08
   <NAME> MASSACHUSETTS PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   03-MOS
<FISCAL-YEAR-END>                          JUN-30-1997
<PERIOD-START>                             JUL-01-1996
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                       15,417,673
<INVESTMENTS-AT-VALUE>                      15,417,673
<RECEIVABLES>                                   59,164
<ASSETS-OTHER>                                 122,431
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              15,599,268
<PAYABLE-FOR-SECURITIES>                       514,264
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       38,905
<TOTAL-LIABILITIES>                            553,169
<SENIOR-EQUITY>                                150,461
<PAID-IN-CAPITAL-COMMON>                    14,895,638
<SHARES-COMMON-STOCK>                       15,046,099
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                15,046,099
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               69,477
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (8,742)
<NET-INVESTMENT-INCOME>                         60,735
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           60,735
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (60,735)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     25,831,508
<NUMBER-OF-SHARES-REDEEMED>               (10,846,144)
<SHARES-REINVESTED>                             60,735
<NET-CHANGE-IN-ASSETS>                      15,046,099
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            9,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 52,000
<AVERAGE-NET-ASSETS>                         8,509,281
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.007
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.007)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>











REPORT OF CERTIFIED PUBLIC ACCOUNTANTS





The Board of Trustees and Shareholders

Alliance Municipal Trust



In planning and performing our audit of the financial statements
of Alliance Municipal Trust, a series investment company
consisting of the General Portfolio, New York Portfolio,
California Portfolio, Connecticut Portfolio, Virginia Portfolio,
New Jersey Portfolio, Florida Portfolio and the Massachusetts
Portfolio for the year ended June 30, 1997, we considered its
internal control, including controls over safeguarding
securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR,
not to provide assurance on the internal control structure.



The management of Alliance Municipal Trust is responsible for
establishing and maintaining internal control.  In fulfilling
this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls.  Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.  Those
controls include safeguarding of assets against unauthorized
acquisition, use, or disposition. 



Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected.  Also, projection
of any evaluation of internal control to future periods is
subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design
and operation may deteriorate.



Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants.  A material weakness is a
condition in which the design or operation of any specific
internal control component does not reduce to a relatively low
level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal
control, including controls over safeguarding securities, that
we consider to be material weaknesses as defined above as of 
June 30, 1997.



This report is intended solely for the information and use of
management and the Securities and Exchange Commission.



New York, New York

July 29, 1997

 



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