[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE VARIABLE PRODUCTS SERIES FUND - QUASAR PORTFOLIO
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10f-3 TRANSACTIONS FOR THE PERIOD JANUARY 1, 2000 THROUGH JUNE 30, 2000
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Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice perPurchased bOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group From 06/30/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Extensity, Inc. 01/27/00 2,600 0.00% $20.00 23,800 4,000 0.60% DB Clearing Services 0
Packaging Corp. America 01/27/00 166,100 0.00% $12.00 738,500 46,250 1.60% Goldman Sachs & Co. 118,300
Caminus Corp. 01/28/00 2,300 0.00% $16.00 22,500 4,372 0.51% DB Clearing Services 0
SBA Communications Corp. 01/28/00 25,200 0.00% $27.00 181,300 6,000 3.02% Lehman Bros. Inc. 39,700
Dobson Communications Corp02/03/00 16,900 0.00% $22.00 162,300 25,000 0.65% Lehman Bros. Inc. 33,900
Mediacom Communications 02/03/00 24,100 0.00% $19.00 231,800 20,000 1.16% Salomon Smith Barney 0
Fastnet Corp. 02/08/00 1,200 0.00% $12.00 11,400 4,000 0.29% Furman, Selz, Magerdie 0
Rural Cellular Corp. 02/08/00 8,600 0.00% $61.88 85,600 2,390 3.58% Merrill Lynch Pierce 20,400
Landacorp Inc. 02/09/00 600 0.00% $10.00 5,900 3,500 0.17% Lewco Securities Age 0
Organic Inc. 02/09/00 3,700 0.00% $20.00 35,200 5,500 0.64% Goldman Sachs & Co. 0
Cypress Communications 02/10/00 5,400 0.00% $17.00 23,100 10,000 0.23% Bear Stearns Security 0
Lante Corp. 02/10/00 3,900 0.00% $20.00 37,600 4,000 0.94% CS First Boston Corp 0
Witness Systems 02/10/00 800 0.00% $20.00 7,400 3,800 0.19% Lewco Securities Age 0
Diversa Corportation 02/14/00 500 0.00% $24.00 26,100 7,250 0.36% Bear Stearns Security 0
Compucredit Corp. 02/16/00 15,900 0.00% $33.50 154,200 4,600 3.35% JP Morgan 66,500
Eloquent Inc. 02/17/00 2,800 0.00% $16.00 154,200 4,600 3.35% Piper Jaffray 0
Hotel Reservation Network 02/25/00 2,700 0.00% $16.00 27,000 5,400 0.50% Allen & Company 0
Prime Response 03/03/00 2,300 0.00% $18.00 29,100 3,500 0.83% Robertson Stephens 0
Register.Com 03/03/00 2,200 0.00% $24.00 26,000 5,000 0.52% DB Clearing Services 0
Versata Inc. 03/03/00 1,800 0.00% $24.00 23,300 3,850 0.61% Thomas Weisel Partner 0
Net 2000 Communications 03/06/00 11,400 0.00% $20.00 144,300 10,000 1.44% Goldman Sachs & Co. 95,700
Firstworld Communications 03/07/00 7,000 0.00% $17.00 87,800 10,000 0.88% Lehman Bros. Inc. 0
PSI Technologies Holdings 03/16/00 700 0.00% $16.00 8,600 3,500 0.25% Lewco Securities Age 0
Intrabiotics Pharmaceutica03/28/00 1,800 0.00% $15.00 13,800 7,500 0.18% DB Clearing Services 0
Predictive Systems 03/30/00 31,400 0.00% $43.00 395,900 3,800 10.42% Goldman Sachs & Co. 31,400
Go America Inc. 04/06/00 15,100 0.00% $16.00 201,200 10,000 2.01% Bear Stearns Security 0
I3 Mobile 04/06/00 900 0.00% $16.00 15,700 5,100 0.31% DB Clearing Services 0
DDI Corporation 04/11/00 108,400 0.00% $14.00 1,407,500 12,000 11.73% CS First Boston Corp 83,400
Genomic Solutions 05/05/00 63,500 0.00% $8.00 401,400 7,000 5.73% UBS Warburg LLC 63,700
Community Health Systems 06/08/00 7,300 0.00% $13.00 59,300 18,750 0.32% Merrill Lynch Pierce 0
Virage Inc. 06/28/00 10,200 0.00% $11.00 123,400 3,500 3.53% CS First Boston Corp 15,500
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* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the purchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering other than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
