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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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. The name of each series or class of securities for which
this Form is filed (If the Form is being filed for all
series and classes of securities of the issuer, check the
box but do not list series or classes): /X/
3. Investment Company Act File Number:
811-05771
Securities Act File Number:
33-27131
4(a). Last day of fiscal year for which this Form is filed:
October 31, 1997
4(b)./ / Check box if this Form is being filed
late (i.e., more than 90 calendar days
after the end of the issuers fiscal
year). (See Instruction A.2)
4(c)./ / Check box if this is the last time the
issuer will be filing this Form.
5. Calculation of registration fee:
(i) Aggregate sale price of
securities sold during the
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fiscal year pursuant to section
24(f): $0
(ii) Aggregate price of securities
redeemed or repurchased during
the fiscal year: $315,806,051
(iii) Aggregate price of securities
redeemed or repurchased during
any prior fiscal year ending no
earlier than October 11, 1995
that were not previously used
to reduce registration fees
payable to the Commission: $N/A
(iv) Total available redemption
credits [add Items 5(ii) and
5(iii)]: -$315,806,051
(v) Net sales - if Item 5(i) is
greater than Item 5(iv)
[subtract Item 5(iv) from Item
5(i)]: $0
(vi) Redemption credits available
for use in future years - if
Item 5(i) is less than Item
5(iv) [subtract Item 5(iv) from
Item 5(i)]: $315,806,051
(vii) Multiplier for determining
registration fee (See
Instruction C.9): x.000295
(viii) Registration fee due [multiply
Item 5(v) by Item 5(vii)]
(enter 0 if no fee is due): =$0
6. Prepaid Shares
If the response to item 5(i) was determined by deducting
an amount of securities that were registered under the
Securities Act of 1933 pursuant to rule 24e-2 as in effect
before October 11, 1997, then report the amount of
securities (number of shares or other units) deducted
here: 24,043,843 shares. If there is a number of shares
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or other units that were registered pursuant to rule 24e-2
remaining unsold at the end of the fiscal year for which
this form is filed that are available for use by the
issuer in future fiscal years, then state that number
here: 505,002,065.
7. Interest due - if this Form is being filed more than 90
days after the end of the issuers fiscal year (see
Instruction D):
+N/A
8. Total of the amount of the registration fee due plus any
interest due [line 5(viii) plus line 7]:
=$0
9. Date the registration fee and any interest payment was
sent to the Commissions lockbox depository:
Method of Delivery:
/ / Wire Transfer
/ / Mail or other means
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Signatures
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 January 26, 1998
*Please print the name and title of the signing officer below the
signature.
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00250181.AX8
