<PAGE>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
Alliance Short-Term Multi-Market Trust, Inc.
1345 Avenue of the Americas
New York, NY 10105
2. Name of each series or class of funds for which this notice
is filed:
Class A
Class B
Class C
3. Investment Company Act File Number:
811-05771
Securities Act File Number:
33-27131
4. Last day of fiscal year for which this notice is filed:
October 31, 1996
5. Check the box if this notice is being filed more than 180
days after the close of the issuer's fiscal year for
purposes of reporting securities sold after the close of the
fiscal year but before termination of the issuer's 24f-2
declaration: [ ]
6. Date of termination of issuer's declaration under rule 24f-
2(a)(1), if applicable (see instruction A.6):
7. Number and amount of securities of the same class or series
which had been registered under the Securities Act of 1933
other than pursuant to rule 24f-2 in a prior fiscal year,
but which remained unsold at the beginning of the fiscal
year:
<PAGE>
457,934,588
$3,414,315,331
8. Number and amount of securities registered during the fiscal
year other than pursuant to rule 24f-2:
75,697,456
$610,121,495
9. Number and aggregate sale price of securities sold during
the fiscal year:
4,586,137
$37,276,702
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
rule 24f-2:
-0-
-0-
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable (see instruction B.7):
3,770,711
$28,573,224
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold
during the fiscal year in reliance on rule
24f-2 (from Item 10): -0-
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11 if applicable): + $28,573,224
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year (if
applicable): - $28,573,224
(iv) Aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to rule
24e-2 (if applicable): + -0-
(v) Net aggregate price of securities sold and
issued during the fiscal year in reliance
on rule 24f-2 [line (i),line (ii), less
<PAGE>
line (iii), plus line (iv)] plus (if
applicable): -0-
(vi) Multiplier prescribed by Section 6(b) of
the Securities Act of 1933 or other
applicable law or regulation (see
instruction C.6): x 1/3300
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: -0-
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in section 3a of the
Commission's Rules of Informal and Other Procedures (17 CFR
202.3a). [ ]
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:
SIGNATURE
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the dates
indicated.
By: (Signature and Title)* /s/ Domenick Pugliese
____________________________
Domenick Pugliese
Assistant Secretary
Date: December 13, 1996
*Please print the name and title of the signing officer below the
signature
00250181.AT5
