<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000883676
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 ALLIANCE NORTH AMERICAN GOVERNMENT INCOME
001 B000000 811-06554
001 C000000 2013194104
002 A000000 500 PLAZA DRIVE
002 B000000 SECAUCUS
002 C000000 NJ
002 D010000 07094
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
008 B000001 A
008 C000001 801-32361
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10105
010 A000001 ALLIANCE CAPITAL MANAGEMENT L.P.
010 B000001 801-32361
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10105
011 A000001 ALLIANCE FUND DISTRIBUTORS, INC.
011 B000001 8-30851
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10105
012 A000001 ALLIANCE FUND SERVICES
012 B000001 84-0001187
012 C010001 SECAUCUS
<PAGE> PAGE 2
012 C020001 NJ
012 C030001 07094
013 A000001 ERNST & YOUNG
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 DONALDSON, LUFKIN & JENRETTE
014 B000001 8-17574
014 A000002 PERSHING
014 B000002 8-17574
014 A000003 AUTRONET
014 B000003 8-17574
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 52
019 C000000 ALLIANCECA
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 BROWN BROTHERS HARRIMAN & CO.
022 B000001 13-4973745
022 C000001 531831
022 D000001 1073575
022 A000002 MORGAN STANLEY
022 B000002 13-2655998
022 C000002 529232
022 D000002 369089
022 A000003 C.S. FIRST BOSTON
022 B000003 13-5659485
022 C000003 355821
022 D000003 276545
022 A000004 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000004 13-5674085
022 C000004 292359
022 D000004 288567
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
<PAGE> PAGE 3
022 C000005 184362
022 D000005 142903
022 A000006 GREENWICH CAPITAL MARKETS
022 B000006 13-2697091
022 C000006 134694
022 D000006 122410
022 A000007 LAZARD FRERES & CO.
022 B000007 00-0000000
022 C000007 98049
022 D000007 98303
022 A000008 GOLDMAN SACHS
022 B000008 13-5108880
022 C000008 82293
022 D000008 99076
022 A000009 RBC DOMINION SEC
022 B000009 13-3112953
022 C000009 40349
022 D000009 43506
022 A000010 ING BARING
022 B000010 00-0000000
022 C000010 14762
022 D000010 23868
023 C000000 2307950
023 D000000 2565170
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 36704
028 A020000 5763
028 A030000 0
028 A040000 47223
028 B010000 51510
028 B020000 5795
028 B030000 0
028 B040000 38777
<PAGE> PAGE 4
028 C010000 47433
028 C020000 5763
028 C030000 0
028 C040000 39489
028 D010000 45659
028 D020000 5804
028 D030000 0
028 D040000 41677
028 E010000 48927
028 E020000 5828
028 E030000 0
028 E040000 37426
028 F010000 53578
028 F020000 5839
028 F030000 0
028 F040000 38887
028 G010000 283811
028 G020000 34792
028 G030000 0
028 G040000 243479
028 H000000 85547
029 000000 Y
030 A000000 4161
030 B000000 4.25
030 C000000 4.25
031 A000000 126
031 B000000 0
032 000000 4035
033 000000 0
034 000000 Y
035 000000 768
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 8465
044 000000 438
045 000000 Y
046 000000 N
047 000000 Y
<PAGE> PAGE 5
048 000000 0.650
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
<PAGE> PAGE 6
061 000000 250
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 27.8
062 M000000 44.0
062 N000000 0.9
062 O000000 0.0
062 P000000 0.0
062 Q000000 27.3
062 R000000 0.0
063 A000000 0
063 B000000 11.2
064 A000000 N
064 B000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
<PAGE> PAGE 7
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1371799
071 B000000 1321226
071 C000000 1855444
071 D000000 142
072 A000000 6
072 B000000 159847
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 7225
072 G000000 86
072 H000000 0
072 I000000 1512
072 J000000 1699
072 K000000 0
072 L000000 149
072 M000000 13
072 N000000 49
072 O000000 54
072 P000000 7978
072 Q000000 0
072 R000000 45
072 S000000 51
072 T000000 8465
072 U000000 21
072 V000000 0
072 W000000 48
072 X000000 27395
072 Y000000 0
072 Z000000 132452
072AA000000 17637
072BB000000 0
072CC010000 41832102
072CC020000 0
072DD010000 24664
072DD020000 90026
072EE000000 0
073 A010000 0.4700
<PAGE> PAGE 8
073 A020000 0.4500
073 B000000 0.0000
073 C000000 0.0000
074 A000000 62
074 B000000 0
074 C000000 589393
074 D000000 1891509
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 24488
074 K000000 0
074 L000000 35497
074 M000000 116
074 N000000 2541065
074 O000000 234205
074 P000000 1765
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 270226
074 S000000 0
074 T000000 2034869
074 U010000 54004
074 U020000 201055
074 V010000 7.98
074 V020000 7.98
074 W000000 0.0000
074 X000000 77976
074 Y000000 356388
075 A000000 0
075 B000000 1967138
076 000000 0.00
077 A000000 Y
077 E000000 Y
077 Q010000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE COMPANY
080 C000000 83000
081 A000000 Y
081 B000000 99
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
<PAGE> PAGE 9
085 A000000 N
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE CATHERINE VACCA
TITLE DEPUTY MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-START> Dec-01-1996
<PERIOD-END> May-31-1997
<INVESTMENTS-AT-COST> "2,444,837,942 "
<INVESTMENTS-AT-VALUE> "2,480,901,845 "
<RECEIVABLES> "56,867,526 "
<ASSETS-OTHER> "3,295,367 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "2,541,064,738 "
<PAYABLE-FOR-SECURITIES> "234,205,157 "
<SENIOR-LONG-TERM-DEBT> "250,000,000 "
<OTHER-ITEMS-LIABILITIES> "21,990,845 "
<TOTAL-LIABILITIES> "506,196,002 "
<SENIOR-EQUITY> "255,059 "
<PAID-IN-CAPITAL-COMMON> "2,269,877,106 "
<SHARES-COMMON-STOCK> "54,004,060 "
<SHARES-COMMON-PRIOR> "48,184,989 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(13,450,333)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(261,157,400)"
<ACCUM-APPREC-OR-DEPREC> "39,344,304 "
<NET-ASSETS> "2,034,868,736 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "159,846,662 "
<OTHER-INCOME> 0
<EXPENSES-NET> "27,394,682 "
<NET-INVESTMENT-INCOME> "132,451,980 "
<REALIZED-GAINS-CURRENT> "17,636,604 "
<APPREC-INCREASE-CURRENT> "(41,832,102)"
<NET-CHANGE-FROM-OPS> "108,256,482 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(24,664,019)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "85,546,887 "
<NUMBER-OF-SHARES-REDEEMED> "(48,022,034)"
<SHARES-REINVESTED> "8,545,088 "
<NET-CHANGE-IN-ASSETS> "68,690,084 "
<ACCUMULATED-NII-PRIOR> "(31,212,393)"
<ACCUMULATED-GAINS-PRIOR> "(278,794,004)"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "7,225,442 "
<INTEREST-EXPENSE> "7,978,235 "
<GROSS-EXPENSE> "27,394,682 "
<AVERAGE-NET-ASSETS> "1,967,138,497 "
<PER-SHARE-NAV-BEGIN> 8.01
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> (.49)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.98
<EXPENSE-RATIO> 2.23
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-START> Dec-01-1996
<PERIOD-END> May-31-1997
<INVESTMENTS-AT-COST> "2,444,837,942 "
<INVESTMENTS-AT-VALUE> "2,480,901,845 "
<RECEIVABLES> "56,867,526 "
<ASSETS-OTHER> "3,295,367 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "2,541,064,738 "
<PAYABLE-FOR-SECURITIES> "234,205,157 "
<SENIOR-LONG-TERM-DEBT> "250,000,000 "
<OTHER-ITEMS-LIABILITIES> "21,990,845 "
<TOTAL-LIABILITIES> "506,196,002 "
<SENIOR-EQUITY> "255,059 "
<PAID-IN-CAPITAL-COMMON> "2,269,877,106 "
<SHARES-COMMON-STOCK> "168,285,191 "
<SHARES-COMMON-PRIOR> "166,083,690 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(13,450,333)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(261,157,400)"
<ACCUM-APPREC-OR-DEPREC> "39,344,304 "
<NET-ASSETS> "2,034,868,736 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "159,846,662 "
<OTHER-INCOME> 0
<EXPENSES-NET> "27,394,682 "
<NET-INVESTMENT-INCOME> "132,451,980 "
<REALIZED-GAINS-CURRENT> "17,636,604 "
<APPREC-INCREASE-CURRENT> "(41,832,102)"
<NET-CHANGE-FROM-OPS> "108,256,482 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(75,476,918)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "156,743,536 "
<NUMBER-OF-SHARES-REDEEMED> "(160,882,360)"
<SHARES-REINVESTED> "21,711,684 "
<NET-CHANGE-IN-ASSETS> "68,690,084 "
<ACCUMULATED-NII-PRIOR> "(31,212,393)"
<ACCUMULATED-GAINS-PRIOR> "(278,794,004)"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "7,225,442 "
<INTEREST-EXPENSE> "7,978,235 "
<GROSS-EXPENSE> "27,394,682 "
<AVERAGE-NET-ASSETS> "1,967,138,497 "
<PER-SHARE-NAV-BEGIN> 8.01
<PER-SHARE-NII> .53
<PER-SHARE-GAIN-APPREC> (.11)
<PER-SHARE-DIVIDEND> (.45)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.98
<EXPENSE-RATIO> 2.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 001
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-START> Dec-01-1996
<PERIOD-END> May-31-1997
<INVESTMENTS-AT-COST> "2,444,837,942 "
<INVESTMENTS-AT-VALUE> "2,480,901,845 "
<RECEIVABLES> "56,867,526 "
<ASSETS-OTHER> "3,295,367 "
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "2,541,064,738 "
<PAYABLE-FOR-SECURITIES> "234,205,157 "
<SENIOR-LONG-TERM-DEBT> "250,000,000 "
<OTHER-ITEMS-LIABILITIES> "21,990,845 "
<TOTAL-LIABILITIES> "506,196,002 "
<SENIOR-EQUITY> "255,059 "
<PAID-IN-CAPITAL-COMMON> "2,269,877,106 "
<SHARES-COMMON-STOCK> "32,769,335 "
<SHARES-COMMON-PRIOR> "31,309,744 "
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(13,450,333)"
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> "(261,157,400)"
<ACCUM-APPREC-OR-DEPREC> "39,344,304 "
<NET-ASSETS> "2,034,868,736 "
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "159,846,662 "
<OTHER-INCOME> 0
<EXPENSES-NET> "27,394,682 "
<NET-INVESTMENT-INCOME> "132,451,980 "
<REALIZED-GAINS-CURRENT> "17,636,604 "
<APPREC-INCREASE-CURRENT> "(41,832,102)"
<NET-CHANGE-FROM-OPS> "108,256,482 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(14,548,983)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "41,520,461 "
<NUMBER-OF-SHARES-REDEEMED> "(34,574,759)"
<SHARES-REINVESTED> "4,535,019 "
<NET-CHANGE-IN-ASSETS> "68,690,084 "
<ACCUMULATED-NII-PRIOR> "(31,212,393)"
<ACCUMULATED-GAINS-PRIOR> "(278,794,004)"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "7,225,442 "
<INTEREST-EXPENSE> "7,978,235 "
<GROSS-EXPENSE> "27,394,682 "
<AVERAGE-NET-ASSETS> "1,967,138,497 "
<PER-SHARE-NAV-BEGIN> 8.01
<PER-SHARE-NII> .53
<PER-SHARE-GAIN-APPREC> (.11)
<PER-SHARE-DIVIDEND> (.45)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.98
<EXPENSE-RATIO> 2.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
NOTE G: Litigation
On July 25, 1995, a Consolidated and Supplemental Class
Action Complaint (OComplaintO), styled In re North American
Government Income Trust, Inc. Securities Litigation, was
filed in the U.S. District Court for the Southern District
of New York against the Fund, the Adviser, Alliance Capital
Management Corporation (OACMCO), Alliance Fund Distributors,
Inc. (OAFDO), The Equitable Companies Incorporated (OThe
EquitableO), a parent of the Adviser, and certain current
and former officers and directors of the Fund and ACMC,
alleging violations of the federal securities laws, fraud
and breach of fiduciary duty in connection with the FundOs
investments in Mexican and Argentine securities. The
Complaint seeks certification of a plaintiff class of all
persons who purchased or owned Class A, B or C shares of the
Fund from March 27, 1992 through December 23, 1994.
Plaintiffs allege that, as of the date of the Complaint, the
FundOs losses exceeded $750,000,000 and seek as relief
unspecified damages, costs and attorneysO fees. On September
26, 1996, the District Court granted defendantsO motion to
dismiss the Complaint as to all claims.
On October 29, 1996, plaintiffs filed a motion for leave to
file an amended complaint. In the proposed amended complaint
(OAmended ComplaintO), plaintiffs have asserted claims
against the Fund, the Adviser, ACMC, AFD, The Equitable, and
certain current and former officers and directors of the
Fund and ACMC alleging violations of federal securities
laws, fraud and breach of fiduciary duty. The principal
allegations of the Amended Complaint relate to (i) the
FundOs hedging practices, (ii)Ethe FundOs investments in
certain mortgage-backed securities, and (iii) the risks and
objectives of the Fund asEdescribed in the FundOs marketing
materials. The Amended Complaint makes similar requests for
class certification and damages as the Complaint. Defendants
have filed papers in opposition to plaintiffsO motion for
leave to file the Amended Complaint, and the motion is
currently pending with the Court. The Fund and the Adviser
believe that the allegations in the Complaint and the
Amended Complaint are without merit and intend to defend
vigorously against these claims.
