ACM GOVERNMENT SPECTRUM FUND INC /NY/
NSAR-B, 1997-02-27
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<PAGE>      PAGE  1
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002 A000000 1345 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
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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
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
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<PAGE>      PAGE  3
022 D000006     63303
022 A000007 CS FIRST BOSTON CORP.
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022 A000008 GOLDMAN SACHS
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<PAGE>      PAGE  9
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SIGNATURE   WILLIAM MAHER                                
TITLE       ADMINISTER          
 


<TABLE> <S> <C>

<ARTICLE> 6
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      306,612,539
<INVESTMENTS-AT-VALUE>                     304,622,454
<RECEIVABLES>                                5,906,809
<ASSETS-OTHER>                               6,791,424
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             317,320,687
<PAYABLE-FOR-SECURITIES>                    51,657,434
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      415,313
<TOTAL-LIABILITIES>                         52,072,747
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   329,760,611
<SHARES-COMMON-STOCK>                       37,028,027
<SHARES-COMMON-PRIOR>                       37,028,027
<ACCUMULATED-NII-CURRENT>                      182,899
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (64,341,690)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (353,880)
<NET-ASSETS>                               265,247,940
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           24,252,816
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,059,947
<NET-INVESTMENT-INCOME>                     21,192,869
<REALIZED-GAINS-CURRENT>                       196,837
<APPREC-INCREASE-CURRENT>                  (7,231,330)
<NET-CHANGE-FROM-OPS>                       14,158,376
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   25,548,843
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (11,390,467)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (59,511,073)
<OVERDISTRIB-NII-PRIOR>                        488,581
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<PER-SHARE-NAV-BEGIN>                             7.47
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<PER-SHARE-GAIN-APPREC>                          (.19)
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</TABLE>


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