ACM GOVERNMENT INCOME FUND INC
NSAR-A, 1997-08-28
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<PAGE>      PAGE  1
000 A000000 06/30/97
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001 A000000 ACM GOVERNMENT INCOME FUND, INC.
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010 A000001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
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010 C030001 10019
011 A000001 PAINEWEBBER , INC.
011 B000001 8-16267
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10019
012 A000001 STATE STREET BANK & TRUST COMPANY
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<PAGE>      PAGE  2
012 C020001 MA
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013 A000001 ERNST & YOUNG LLP
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<PAGE>      PAGE  9
SIGNATURE   C. WILLIAM MAHER                             
TITLE       FIRST VICE PRESIDENT
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        786990818
<INVESTMENTS-AT-VALUE>                       781698249
<RECEIVABLES>                                 75559194
<ASSETS-OTHER>                                   53245
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               857310688
<PAYABLE-FOR-SECURITIES>                     166927134
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     91638685
<TOTAL-LIABILITIES>                          258565819
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     616484383
<SHARES-COMMON-STOCK>                         57533299
<SHARES-COMMON-PRIOR>                         57373505
<ACCUMULATED-NII-CURRENT>                      7131484
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (19652298)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (5218700)
<NET-ASSETS>                                 598744869
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             33216807
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 5975066
<NET-INVESTMENT-INCOME>                       27241741
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<APPREC-INCREASE-CURRENT>                   (26116481)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     21550323
<DISTRIBUTIONS-OF-GAINS>                             0
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<ACCUMULATED-GAINS-PRIOR>                   (47043433)
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<EXPENSE-RATIO>                                   2.06
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</TABLE>


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