WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000812015
<NAME> THE ALLIANCE PORTFOLIOS
<SERIES>
<NUMBER> 014
<NAME> GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 6,784,987,375
<INVESTMENTS-AT-VALUE> 8,669,133,282
<RECEIVABLES> 173,880,709
<ASSETS-OTHER> 1,519,678
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,844,533,669
<PAYABLE-FOR-SECURITIES> 262,155,529
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 178,023,114
<TOTAL-LIABILITIES> 440,178,643
<SENIOR-EQUITY> 1,900
<PAID-IN-CAPITAL-COMMON> 5,585,218,724
<SHARES-COMMON-STOCK> 721,911
<SHARES-COMMON-PRIOR> 2,509,309
<ACCUMULATED-NII-CURRENT> (35,409,907)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 975,260,329
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,879,283,980
<NET-ASSETS> 8,404,355,026
<DIVIDEND-INCOME> 27,481,519
<INTEREST-INCOME> 7,952,613
<OTHER-INCOME> 0
<EXPENSES-NET> (70,790,660)
<NET-INVESTMENT-INCOME> (35,356,528)
<REALIZED-GAINS-CURRENT> 1,025,956,194
<APPREC-INCREASE-CURRENT> (60,382,129)
<NET-CHANGE-FROM-OPS> 930,217,537
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (18,003,861)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 174,881
<NUMBER-OF-SHARES-REDEEMED> (2,272,333)
<SHARES-REINVESTED> 310,054
<NET-CHANGE-IN-ASSETS> 631,037,067
<ACCUMULATED-NII-PRIOR> (53,379)
<ACCUMULATED-GAINS-PRIOR> 1,191,248,850
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 28,060,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 70,791,000
<AVERAGE-NET-ASSETS> 108,541,794
<PER-SHARE-NAV-BEGIN> 56.88
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 6.84
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (7.44)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 56.27
<EXPENSE-RATIO> 0.82
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
