ALLIANCE CAPITAL MANAGEMENT LP
11-K, 1994-07-13
INVESTMENT ADVICE
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549

                            FORM 11-K

      [ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
         SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
          For the fiscal year ended:  December 31, 1993

                               OR

     [  ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
        SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
       For the transition period from ________ to ________

Commission file number:  Not Available
                         -------------

    A. Full title of the plan and the address of the plan, if
       different from that of the issuer named below:

    Alliance Capital Management L.P. Profit Sharing Plan For
  Former Employees of Equitable Capital Management Corporation
  ------------------------------------------------------------

    B. Name of issuer of the securities held pursuant to the plan
       and the address of its principal executive office:

                Alliance Capital Management L.P.
                   1345 Avenue of the Americas
                    New York, New York  10105
                --------------------------------

                      REQUIRED INFORMATION

    In accordance with General Instruction E, the Plan has filed
    the required financial statements and schedules in paper
    under cover of Form SE.

                           SIGNATURES

    The Plan.  Pursuant to the requirements of the Securities
Exchange Act of 1934, the trustees (or other persons who
administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned
hereunto duly authorized.

<PAGE>


                          ALLIANCE CAPITAL MANAGEMENT L.P.
                            PROFIT SHARING PLAN FOR FORMER
                            EMPLOYEES OF EQUITABLE CAPITAL
                            MANAGEMENT CORPORATION

DATE:  July 12, 1994      BY:  /s/Robert H. Joseph, Jr.   
                               ------------------------
                             Name: Robert H. Joseph, Jr.
                             Title: Senior Vice President-Finance
                                     and Chief Accounting Officer
                                     of Alliance Capital Management
                                     Corporation
<PAGE>





                           EXHIBIT INDEX

Exhibit No.
- - -----------

     A       Consent of KPMG Peat Marwick
<PAGE>




                                                      EXHIBIT A


The General Partner and Unitholders
  Alliance Capital Management L.P.
             and
The Plan Administrator
  Profit Sharing Plan for Former
  Employees of Equitable Capital
  Management Corporation:

We consent to the use of our report incorporated herein by
reference in the Form 11-K of Alliance Capital Management L.P.
Profit Sharing Plan for Former Employees of Equitable Capital
Management Corporation.

New York, New York
July 11, 1994


                                  /s/KPMG Peat Marwick
                                  ---------------------
<PAGE>



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