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<PAGE> PAGE 2
012 C020001 MA
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013 B010001 NEW YORK
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<PAGE> PAGE 3
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SIGNATURE JOSEPH CARUSONE
TITLE ASST VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000834933
<NAME> ACM GOVERNMENT OPPORTUNITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JAN-31-1998
<INVESTMENTS-AT-COST> 127,976,287
<INVESTMENTS-AT-VALUE> 131,273,801
<RECEIVABLES> 16,629,481
<ASSETS-OTHER> 18,169
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 147,921,451
<PAYABLE-FOR-SECURITIES> 33,002,247
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 714,185
<TOTAL-LIABILITIES> 33,716,432
<SENIOR-EQUITY> 130,719
<PAID-IN-CAPITAL-COMMON> 112,964,051
<SHARES-COMMON-STOCK> 13,071,872
<SHARES-COMMON-PRIOR> 13,071,872
<ACCUMULATED-NII-CURRENT> 262,273
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,977,711)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,825,687
<NET-ASSETS> 114,205,019
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,525,507
<OTHER-INCOME> 0
<EXPENSES-NET> 664,216
<NET-INVESTMENT-INCOME> 3,861,291
<REALIZED-GAINS-CURRENT> 2,604,880
<APPREC-INCREASE-CURRENT> (48,700)
<NET-CHANGE-FROM-OPS> 6,417,471
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,117,642)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,299,829
<ACCUMULATED-NII-PRIOR> 518,624
<ACCUMULATED-GAINS-PRIOR> (4,582,591)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 418,978
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 664,216
<AVERAGE-NET-ASSETS> 111,228,477
<PER-SHARE-NAV-BEGIN> 8.56
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .20
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.74
<EXPENSE-RATIO> 1.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
ACM GOVERNMENT OPPORTUNITY FUND, INC. Exhibit 77C
811-5595
The Annual Meeting of Shareholders of ACM Government Opportunity Fund, Inc.
was held on July 10, 1997. A description of each proposal and number of
shares voted at the meeting are as follows:
1. To Elect Directors: Shares Voted For Withheld Authority
Class Three Directors
(term expires 2000)
Ruth Block 8,077,565.117 173,638.364
John D. Carifa 8,085,666.594 165,536.887
Robert C. White 8,079,853.767 171,349.714
Class One Director
(term expires 1998)
Donald J. Robinson 8,085,932.944 165,270.537
2. To ratify the selection Shares Shares Voted Shares
of Ernst & Young LLP Voted For Against Abstained
as the Fund's independent
auditors for the Fund's
fiscal year ending
July 31, 1998. 8,083,492 49,382 118,328
ACM GOVERNMENT OPPORTUNITY FUND, INC. Exhibit 77Q2
811-5595
During the Fund's most recently completed fiscal year ended July 31, 1997,
the following individuals filed late initial reports on Form 3.
Number of Number of Late
Name Title Late Reports Transactions
Kathleen A. Corbet SVP 1 0
Paul J. DeNoon VP 1 0
Daniel V. Panker VP 1 0
Thomas M. Perkins SVP 1 0
