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(LOGO) ALLIANCE MULTI-MARKET
STRATEGY TRUST
_________________________________________________________________
March 1, 1996
Supplement to Prospectus dated March 1, 1996 for Ohio Investors
Prospective Ohio investors should note that the Fund may
borrow for leveraging purposes. Investment in the Fund may
therefore involve a higher degree of risk than investment in
similar investment companies that do not borrow for leveraging
purposes. Leveraging has advantages and disadvantages, both of
which should be carefully evaluated by the investor. Leveraging
is discussed in more detail on page 34 of the prospectus. This
prospectus must be delivered to the investor prior to
consummation of sale.
(R): This registered mark used under license from the owner,
Alliance Capital Management L.P.
00250182.AN8
