<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 26, 1996
ALLIANCE CAPITAL MANAGEMENT L.P.
- ------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-9818 13-3434400
- ------------------------------------------------------------------------------
(State or other jurisdiction of (Commission I.R.S. Employer
incorporation or organization) File Number) Identification
Number)
1345 Avenue of the Americas, New York, New York 10105
- ------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
212-969-1000
- ------------------------------------------------------------------------------
(Registrant's telephone number including area code)
<PAGE>
Item 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
Item 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
Item 5. OTHER EVENTS
On July 25, 1995 a Consolidated and Supplemental Class Action
Complaint ("Complaint") entitled IN RE ALLIANCE NORTH AMERICAN
GOVERNMENT INCOME TRUST, INC. SECURITIES LITIGATION was filed in the
United States District Court for the Southern District of New York
against the Alliance North American Government Income Trust, Inc.
("Fund"), Alliance Capital Management L.P. ("Partnership") and certain
other defendants affiliated with the Partnership alleging violations
of federal securities laws, fraud and breach of fiduciary duty in
connection with the Fund's investments in Mexican and Argentine
securities. The Complaint sought certification of a plaintiff class
of all persons who purchased or owned Class A, B or C shares of the
Fund from March 27, 1992 through December 23, 1994. While the
Complaint sought an unspecified amount of damages, costs, attorneys'
fees and punitive damages, it contains an allegation that the Fund's
losses exceeded $750 million.
The principal allegations of the Complaint are that the Fund purchased
debt securities issued by the Mexican and Argentine governments in
amounts that were not permitted by the Fund's investment policies and
objective, and that there was no shareholder vote to change the
investment objective to permit purchases in such amounts. The
Complaint further alleges that the decline in the value of the Mexican
and Argentine securities held by the Fund caused the Fund's net asset
value to decline to the detriment of the Fund's shareholders.
<PAGE>
- 2 -
On September 26, 1996 the Court granted the defendants' motion to
dismiss as to all counts of the Complaint. Plaintiffs have until
October 26, 1996 to file either a notice of appeal or a motion with
the Court for permission to file further amendments to the Complaint.
The Partnership believes that the allegations in the Complaint are
without merit. While the ultimate outcome of this litigation cannot
be determined at this time, management of the Partnership does not
expect that this action will have a material adverse effect on the
Partnership's results of operations or financial position.
Item 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Businesses Acquired
None.
(b) Pro Forma Financial Information
None.
(c) Exhibits
None.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ALLIANCE CAPITAL MANAGEMENT L.P.
Dated: October 7, 1996 By: Alliance Capital Management Corporation,
General Partner
By: /s/ John D. Carifa
----------------------------
John D. Carifa
President
