ACM GOVERNMENT SPECTRUM FUND INC /NY/
NSAR-A, 1996-08-28
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<PAGE>      PAGE  1
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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
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<PAGE>      PAGE  3
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<PAGE>      PAGE  9
SIGNATURE   WILLIAM MAHER                                
TITLE       ADMINISTER          
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1996
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<INVESTMENTS-AT-VALUE>                     277,847,669
<RECEIVABLES>                                9,544,116
<ASSETS-OTHER>                               6,898,260
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             294,290,045
<PAYABLE-FOR-SECURITIES>                    37,423,459
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                         37,901,756
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                       37,028,027
<SHARES-COMMON-PRIOR>                       37,028,027
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (3,142,992)
<ACCUMULATED-NET-GAINS>                   (68,255,874)
<OVERDISTRIBUTION-GAINS>                             0
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<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
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</TABLE>


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