<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000825650
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ACM GOVERNMENT SECURITIES FUND INC.
001 B000000 811-5402
001 C000000 8002474154
002 A000000 1345 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10105
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000001 A
008 C000001 801-7492
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10105
010 A000001 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B000001 801-13219
010 C010001 NEW YORK
010 C020001 NY
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
012 B000001 85-505003
012 C010001 BOSTON
<PAGE> PAGE 2
012 C020001 MA
012 C030001 02110
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
014 B000001 8-17574
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 QUINCY
015 C020001 MA
015 C030001 02171
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 FIRST BOSTON
022 B000001 13-5659485
022 C000001 822610
022 D000001 725624
022 A000002 GREENWICH SECURITIES
022 B000002 13-2697091
022 C000002 691760
022 D000002 375683
022 A000003 JP MORGAN SECURITIES
022 B000003 13-3224016
022 C000003 461115
022 D000003 342552
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004 365876
022 D000004 405701
022 A000005 MERRILL LYNCH, PIERCE FENNER & SMITH
022 B000005 13-5674085
022 C000005 288483
022 D000005 290652
022 A000006 CHEMICAL BANK
022 B000006 13-5227302
022 C000006 77690
<PAGE> PAGE 3
022 D000006 236553
022 A000007 CHASE BANK
022 B000007 13-3112953
022 C000007 116072
022 D000007 99143
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 79199
022 D000008 133931
022 A000009 SALOMAN BROTHERS
022 B000009 13-3082694
022 C000009 60153
022 D000009 142331
022 A000010 CITIBANK
022 B000010 13-5266470
022 C000010 191113
022 D000010 0
023 C000000 4642552
023 D000000 3220222
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
<PAGE> PAGE 4
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 N
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
<PAGE> PAGE 5
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 Y
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 Y
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1200
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.4
062 K000000 0.0
<PAGE> PAGE 6
062 L000000 6.0
062 M000000 72.0
062 N000000 16.7
062 O000000 0.0
062 P000000 0.0
062 Q000000 37.9
062 R000000 0.0
063 A000000 0
063 B000000 9.0
064 A000000 Y
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
<PAGE> PAGE 7
070 R020000 N
071 A000000 3173431
071 B000000 3138836
071 C000000 799410
071 D000000 393
072 A000000 12
072 B000000 89612
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 6169
072 G000000 1135
072 H000000 0
072 I000000 280
072 J000000 373
072 K000000 66
072 L000000 181
072 M000000 30
072 N000000 70
072 O000000 46
072 P000000 4875
072 Q000000 0
072 R000000 95
072 S000000 30
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 46
072 X000000 13396
072 Y000000 0
072 Z000000 76216
072AA000000 0
072BB000000 4496
072CC010000 98867
072CC020000 0
072DD010000 74100
072DD020000 0
072EE000000 0
073 A010000 0.9500
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 896
074 B000000 0
074 C000000 40622
074 D000000 923858
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 5919
<PAGE> PAGE 8
074 J000000 48374
074 K000000 0
074 L000000 22255
074 M000000 559
074 N000000 1042483
074 O000000 200225
074 P000000 667
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 112223
074 S000000 0
074 T000000 729368
074 U010000 77851
074 U020000 0
074 V010000 9.37
074 V020000 0.00
074 W000000 0.0000
074 X000000 12159
074 Y000000 0
075 A000000 0
075 B000000 660134
076 000000 8.25
077 A000000 Y
077 B000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE CO.
080 C000000 66000
081 A000000 Y
081 B000000 92
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 301
086 A020000 2361
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
<PAGE> PAGE 9
086 F020000 0
087 A010000 ACM GOVERNMENT SECURITIES FUND INC. (COMMON)
087 A020000 000914101
087 A030000 GSF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE C. WILLIAM MAHER
TITLE FIRST VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 960,426,560
<INVESTMENTS-AT-VALUE> 970,398,421
<RECEIVABLES> 70,629,379
<ASSETS-OTHER> 1,454,804
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,042,482,604
<PAYABLE-FOR-SECURITIES> 200,225,169
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 112,889,051
<TOTAL-LIABILITIES> 313,114,220
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 834,776,528
<SHARES-COMMON-STOCK> 77,850,706
<SHARES-COMMON-PRIOR> 77,550,182
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 471,275
<ACCUMULATED-NET-GAINS> (115,636,097)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,699,228
<NET-ASSETS> 729,368,384
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 89,611,687
<OTHER-INCOME> 0
<EXPENSES-NET> 13,395,703
<NET-INVESTMENT-INCOME> 76,215,984
<REALIZED-GAINS-CURRENT> (4,495,732)
<APPREC-INCREASE-CURRENT> 98,866,539
<NET-CHANGE-FROM-OPS> 170,586,791
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 73,628,582
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 471,275
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 2,361,078
<NET-CHANGE-IN-ASSETS> 98,848,012
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (113,727,767)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,168,981
<INTEREST-EXPENSE> 4,874,766
<GROSS-EXPENSE> 13,395,703
<AVERAGE-NET-ASSETS> 660,133,574
<PER-SHARE-NAV-BEGIN> 8.13
<PER-SHARE-NII> .98
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> (.95)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.37
<EXPENSE-RATIO> 2.03
<AVG-DEBT-OUTSTANDING> 74,400,000
<AVG-DEBT-PER-SHARE> 0
</TABLE>