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This is filed pursuant to Rule 497(c).
File Nos. 33-66630 and 811-07916.
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Alliance Capital [logo] ALLIANCE UTILITY INCOME FUND
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February 1, 1996
Supplement to Prospectus dated February 1, 1996 for Missouri
Investors
Prospective Missouri investors should know that the Fund
may invest up to 35% of its portfolio in lower rated bonds,
commonly known as "junk bonds", which are subject to greater risk
of loss of principal and interest.
(R) This is a registered mark used under license from the owner,
Alliance Capital Management L.P.
00250156.AJ9
