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(LOGO) ALLIANCE NORTH AMERICAN
GOVERNMENT INCOME TRUST
_________________________________________________________________
March 1, 1996
Supplement to Prospectus dated March 1, 1996 for Texas Investors
Prospective Texas investors should note that the Fund may
borrow monies representing approximately one-third of its total
assets, less liabilities, for leverage purposes, i.e., for the
purpose of purchasing additional portfolio investments.
Leveraging, which is usually considered to be a speculative
investment technique, has advantages and disadvantages, both of
which should be carefully evaluated by the investor.
In this regard, while the Fund's Adviser anticipates that the
Fund's use of leverage will provide the Fund's shareholders with
a potentially higher yield than if the Fund had not used
leverage, the Fund's use of leverage could result in a lower rate
of return than if the Fund were not leveraged. Investors should
note the special risks associated with the use of borrowed funds
to purchase investment securities, which could increase the
volatility of the net asset value of the Fund's shares.
Leveraging is discussed in more detail on page 34 of the
Prospectus.
(R): This is a registered mark used under license from the owner,
Alliance Capital Management L.P.
00250117.AL7
