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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE CATHERINE VACCA
TITLE MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<TABLE>
<C>
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
10f-3 TRANSACTIONS FOR THE PERIOD MARCH 1, 1999 THROUGH JUNE 30, 1999
ALLIANCE GLOBAL ENVIRONMENT
% of
Shares Total Offering
Date Price Purchased Shares Purchased Shares
Security* Purchased Shares Per By Fund Offered By Group Purchased Held
Purchased Share Group (000) (1) From 06/30/99
<S> <C> <C> <C> <C> <C> <C> <C> <C> <S>
Azurix 06/09/99 25,000 $19.00 25,000 36,600 0.07% Merrill 25,000
Corp. Lynch
* Unless otherwise indicated, the securities were part of an issue
registered under the Securities Act of 1933 and offered to the public.
** Indicates the purchase of an Eligible Rule 144A Security
1) Purchases by all Alliance Funds, including the Fund, may not exceed:
a) if purchased in an offering other than Eligible Rule 144A Offering, 25%
of the principle amount of the offering of such a class: or
b) if purchased in an Eligible Rule 144A Offering, 25% of the total of (i)
the principle amount of the offering of such class sold by underwriters or members
of the selling syndicate to qualified institutional buyers, plus (ii) the principal amount of
the offering of such class in any concurrent public offering.
</TABLE>