[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 - Technology 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 5,900 0.00% $20.00 23,800 4,000 0.60% DB Clearing Services 0
Caminus 01/28/00 5,300 0.00% $16.00 22,500 4,372 0.51% DB Clearing Services 0
Dobson Communications Corp02/03/00 39,800 0.00% $22.00 162,300 25,000 0.65% Lehman Bros Inc. 0
Mediacom Communications 02/03/00 56,900 0.00% $19.00 231,800 20,000 1.16% Salomon Smith Barney 0
Witness Systems 02/05/00 1,900 0.00% $20.00 7,400 3,800 0.19% Lewco Securities 0
Fastnet Corp. 02/08/00 2,900 0.00% $12.00 11,400 4,000 0.29% Furman, Selz, Magerdie 0
Sanmina Corp. 02/08/00 7,500 0.00% $118.00 7,500 4,500 0.17% Morgan Stanley 273,100
Landacorp Inc. 02/09/00 1,400 0.00% $10.00 5,900 3,500 0.17% Lewco Securities 0
Organic, Inc. 02/09/00 9,000 0.00% $20.00 35,200 5,500 0.64% Goldman Sachs 0
Lante Corp. 02/10/00 9,600 0.00% $20.00 37,600 4,000 0.94% CS First Boston Corp. 0
Eloquent Inc. 02/17/00 7,000 0.00% $16.00 26,800 4,500 0.60% Piper Jaffray 0
Prime Response 03/03/00 6,100 0.00% $18.00 29,100 3,500 0.83% Robertson Stephens 0
Register.Com 03/03/00 5,900 0.00% $24.00 26,000 5,000 0.52% DB Clearing Services 0
Versata Inc. 03/03/00 4,900 0.00% $24.00 23,300 3,850 0.61% Thomas Weisel Partner 0
Net 2000 Communications 03/06/00 31,800 0.00% $20.00 144,300 10,000 1.44% Goldman Sachs 0
Firstworld Communications 03/07/00 19,300 0.00% $17.00 87,800 10,000 0.88% Lehman Bros. Inc. 0
PSI Technologies Hldgs Inc03/16/00 1,900 0.00% $16.00 8,600 3,500 0.25% Lewco Securities 0
Tibco Software 03/21/00 12,000 0.00% $106.00 288,000 5,000 5.76% Goldman Sachs 38,600
Go America Inc. 04/06/00 44,200 0.00% $16.00 201,200 10,000 2.01% Bear Stearns Securities0
I3 Mobile 04/06/00 2,800 0.00% $16.00 15,700 5,100 0.31% DB Clearing Services 0
AT&T Wireless 04/26/00 279,900 0.00% $29.50 42,949,900 306,000 14.04% Merrill Lynch 279,900
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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 puchase 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.
