WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 06
<CIK> 0000873067
<NAME> Alliance Multi-Market Strategy Trust Inc.
<SERIES>
<NUMBER> 001
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 375144212
<INVESTMENTS-AT-VALUE> 323759699
<RECEIVABLES> 10163247
<ASSETS-OTHER> 96299
<OTHER-ITEMS-ASSETS> 3242399
<TOTAL-ASSETS> 337261644
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2022419
<TOTAL-LIABILITIES> 2022419
<SENIOR-EQUITY> 55144
<PAID-IN-CAPITAL-COMMON> 454200130
<SHARES-COMMON-STOCK> 2717111
<SHARES-COMMON-PRIOR> 3021083
<ACCUMULATED-NII-CURRENT> 13281086
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 83616337
<ACCUM-APPREC-OR-DEPREC> (48680798)
<NET-ASSETS> 335239225
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 29120504
<OTHER-INCOME> 0
<EXPENSES-NET> 5889885
<NET-INVESTMENT-INCOME> 23230619
<REALIZED-GAINS-CURRENT> 9283237
<APPREC-INCREASE-CURRENT> (21382643)
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1021976
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 271561
<NUMBER-OF-SHARES-REDEEMED> 666719
<SHARES-REINVESTED> 91186
<NET-CHANGE-IN-ASSETS> (98832379)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 4625780
<OVERDIST-NET-GAINS-PRIOR> 30823577
<GROSS-ADVISORY-FEES> 2252903
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5932256
<AVERAGE-NET-ASSETS> 375483750
<PER-SHARE-NAV-BEGIN> 6.31
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> (.19)
<PER-SHARE-DIVIDEND> .36
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 6.10
<EXPENSE-RATIO> 2.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>