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<PAGE> PAGE 2
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SIGNATURE JOSEPH P. CARUSONE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000834933
<NAME> ACM GOVERNMENT OPPORTUNITY FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
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</TABLE>
Report of Independent Auditors
To the Shareholders and Board of Directors of
ACM Government Opportunity Fund, Inc.
In planning and performing our audit of the financial statements
of ACM Government Opportunity Fund, Inc. for the year ended July 31,
1999, we considered its internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of
Form N-SAR, and not to provide assurance on the internal control.
The management of ACM Government Opportunity Fund, Inc. is
responsible for establishing and maintaining internal control.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant
to an audit pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or more of the
specific internal control components does not reduce to a
relatively low level the risk that errors or fraud in amounts
that would be material in relation to the financial statements
being audited may occur and not be detected within a timely
period by employees in the normal course of performing their
assigned functions. However, we noted no matters involving
internal control and its operation, including controls for
safeguarding securities, that we consider to be material
weaknesses as defined above at July 31, 1999.
This report is intended solely for the information and use of
the board of directors and management of ACM Government
Opportunity Fund, Inc. and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other
than these specified parties.
ERNST & YOUNG LLP
September 8, 1999
ACM Government Opportunity Fund, Inc.
Exhibit 77C
811-5595
The Annual Meeting of Shareholders of ACM Government
Opportunity Fund, Inc. was held on March 9, 1999.
A description of each proposal and number of
shares voted at the meeting are as follows:
1. To Elect Directors: Shares Voted For Voted Against/Abstain
Class Two Directors
(term expires 2002)
David H. Dievler 12,141,052 236,285
William H. Foulk, Jr. 12,142,303 235,033
Dr. James M. Hester 12,170,338 255,238
2. To ratify the selection Shares Shares Voted Shares
of Ernst & Young LLP as Voted For Against Abstained
the Fund's independent
auditors for the Fund's
fiscal year ending
July 31, 1999. 12,170,338 46,561 160,438
