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LOGO ALLIANCE NORTH AMERICAN
GOVERNMENT INCOME TRUST
_________________________________________________________________
March 1, 1996
Supplement to Prospectus dated March 1, 1996 for Arizona
Investors
Prospective Arizona investors should note that investments by
the Fund in securities denominated in currencies other than the
U.S. Dollar and securities issued by foreign governments involve
certain special considerations and risks which are described, in
particular, on page 33 of the Prospectus.
(R): This is a registered mark used under license from the owner,
Alliance Capital Management L.P.
00250117.AL4