<PAGE> PAGE 1
000 A000000 03/31/98
000 C000000 0000910524
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ACM MANAGED DOLLAR INCOME FUND, INC.
001 B000000 811-7964
001 C000000 8002474154
002 A000000 1345 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10105
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 PRINCETON ADMINISTRATORS, L.P.
010 C010001 PRINCETON
010 C020001 NJ
010 C030001 08543
010 C040001 9095
011 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
011 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
011 B000002 8-17574
011 C010002 NEW YORK
<PAGE> PAGE 2
011 C020002 NY
011 C030002 10005
011 A000003 EDWARDS (A.G.) & SONS, INC.
011 B000003 8-13580
011 C010003 ST. LOUIS
011 C020003 MO
011 C030003 63103
011 A000004 KIDDER, PEABODY & CO., INCORPORATED
011 B000004 8-4831
011 C010004 NEW YORK
011 C020004 NY
011 C030004 10005
011 A000005 PAINEWEBBER INCORPORATED
011 B000005 8-16267
011 C010005 NEW YORK
011 C020005 NY
011 C030005 10019
011 A000006 LEHMAN BROTHERS INC.
011 B000006 8-3101
011 C010006 NEW YORK
011 C020006 NY
011 C030006 10285
011 A000007 ADVEST, INC.
011 B000007 8-21409
011 C010007 HARTFORD
011 C020007 CT
011 C030007 06103
011 A000008 DAIN BOSWORTH INCORPORATED
011 B000008 8-3259
011 C010008 MINNEAPOLIS
011 C020008 MN
011 C030008 55402
011 A000009 FAHNESTOCK & CO. INC.
011 B000009 8-0000
011 C010009 NEW YORK
011 C020009 NY
011 C030009 10005
011 A000010 FIRST OF MICHIGAN CORPORATION
011 B000010 8-17209
011 C010010 DETROIT
011 C020010 MI
011 C030010 48502
011 A000011 GRUNTAL & CO., INCORPORATED
011 B000011 8-31022
011 C010011 NEW YORK
011 C020011 NY
011 C030011 10005
011 A000012 KEMPER SECURITIES, INC.
011 B000012 8-37180
011 C010012 CHICAGO
011 C020012 IL
<PAGE> PAGE 3
011 C030012 60601
011 A000013 LEGG MASON WOOD WALKER, INCORPORATED
011 B000013 8-15939
011 C010013 BALTIMORE
011 C020013 MD
011 C030013 21202
011 A000014 MORGAN KEEGAN & COMPANY, INC.
011 B000014 8-15001
011 C010014 MEMPHIS
011 C020014 TN
011 C030014 38103
011 A000015 RAYMOND JAMES & ASSOCIATES, INC.
011 B000015 8-10999
011 C010015 ST. PETERSBURG
011 C020015 FL
011 C030015 33607
012 A000001 STATE STREET BANK & TRUST COMPANY
012 B000001 85-05003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
014 B000001 8-17574
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
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 STATE STREET BANK AND TRUST COMPANY
022 B000001 04-1867445
022 C000001 977163
022 D000001 5330
<PAGE> PAGE 4
022 A000002 MORGAN (J.P.) SECURITIES INC.
022 B000002 13-3224016
022 C000002 171265
022 D000002 133941
022 A000003 CHASE SECURITIES INC.
022 B000003 13-3112953
022 C000003 48824
022 D000003 87787
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004 39589
022 D000004 48800
022 A000005 BEAR, STEARNS & CO. INC.
022 B000005 13-3299429
022 C000005 39481
022 D000005 24282
022 A000006 SALOMON BROTHERS INC.
022 C000006 35851
022 D000006 22889
022 A000007 BT ALEX. BROTHERS INCORPORATED
022 B000007 52-1319768
022 C000007 27283
022 D000007 23542
022 A000008 PARIBAS CORP.
022 B000008 13-3235334
022 C000008 20008
022 D000008 23700
022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009 20530
022 D000009 11591
022 A000010 MORGAN STANLEY & CO. INCORPORATED
022 B000010 13-2655998
022 C000010 10955
022 D000010 7458
023 C000000 1426167
023 D000000 419133
024 000000 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
045 000000 Y
046 000000 N
047 000000 Y
<PAGE> PAGE 5
048 000000 0.750
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 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 Y
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
<PAGE> PAGE 6
061 000000 0
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 4.2
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 48.7
062 Q000000 70.9
062 R000000 1.8
063 A000000 0
063 B000000 13.6
064 A000000 N
064 B000000 Y
065 000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
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
<PAGE> PAGE 7
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 444040
071 B000000 461085
071 C000000 377446
071 D000000 118
072 A000000 6
072 B000000 20848
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 1493
072 G000000 299
072 H000000 0
072 I000000 17
072 J000000 51
072 K000000 0
072 L000000 48
072 M000000 14
072 N000000 16
072 O000000 0
072 P000000 3056
072 Q000000 0
072 R000000 28
072 S000000 22
072 T000000 0
072 U000000 4
072 V000000 0
072 W000000 23
072 X000000 5071
072 Y000000 0
072 Z000000 15777
072AA000000 21805
072BB000000 20289
072CC010000 0
072CC020000 13007
072DD010000 16501
072DD020000 0
072EE000000 25705
<PAGE> PAGE 8
073 A010000 0.7740
073 A020000 0.0000
073 B000000 1.2100
073 C000000 0.0000
074 A000000 1610
074 B000000 0
074 C000000 12784
074 D000000 361905
074 E000000 5300
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 140
074 J000000 21073
074 K000000 0
074 L000000 9326
074 M000000 124
074 N000000 412262
074 O000000 18984
074 P000000 243
074 Q000000 90000
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 457
074 S000000 0
074 T000000 302578
074 U010000 21537
074 U020000 0
074 V010000 14.05
074 V020000 0.00
074 W000000 0.0000
074 X000000 27375
074 Y000000 0
075 A000000 0
075 B000000 398774
076 000000 14.25
077 A000000 N
078 000000 N
086 A010000 293
086 A020000 3983
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
<PAGE> PAGE 9
087 A010000 ACM MANAGED DOLLAR INC. FND, INC. COM. STOCK
087 A020000 000949107
087 A030000 ADF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE NANCYELLEN O'RORKE
TITLE SR F/D ACCTG MGR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000910524
<NAME> ACM MANAGED DOLLAR INCOME FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1998
<PERIOD-START> OCT-01-1997
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 372397306
<INVESTMENTS-AT-VALUE> 380128887
<RECEIVABLES> 30399510
<ASSETS-OTHER> 123934
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 412262017
<PAYABLE-FOR-SECURITIES> 18984000
<SENIOR-LONG-TERM-DEBT> 90000000
<OTHER-ITEMS-LIABILITIES> 699913
<TOTAL-LIABILITIES> 109683913
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 293336492
<SHARES-COMMON-STOCK> 21537049
<SHARES-COMMON-PRIOR> 21243756
<ACCUMULATED-NII-CURRENT> 3727420
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2237761)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7751954
<NET-ASSETS> 302578104
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20848380
<OTHER-INCOME> 0
<EXPENSES-NET> (5070906)
<NET-INVESTMENT-INCOME> 15777474
<REALIZED-GAINS-CURRENT> 1515800
<APPREC-INCREASE-CURRENT> (13007088)
<NET-CHANGE-FROM-OPS> 4286186
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16500655)
<DISTRIBUTIONS-OF-GAINS> (25704945)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 293293
<NET-CHANGE-IN-ASSETS> (33936337)
<ACCUMULATED-NII-PRIOR> 4450601
<ACCUMULATED-GAINS-PRIOR> 21951384
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1493245
<INTEREST-EXPENSE> 3055708
<GROSS-EXPENSE> 5070906
<AVERAGE-NET-ASSETS> 398774426
<PER-SHARE-NAV-BEGIN> 15.84
<PER-SHARE-NII> .73
<PER-SHARE-GAIN-APPREC> (.54)
<PER-SHARE-DIVIDEND> (.77)
<PER-SHARE-DISTRIBUTIONS> (1.21)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.05
<EXPENSE-RATIO> 2.54
<AVG-DEBT-OUTSTANDING> 93901099
<AVG-DEBT-PER-SHARE> 4.40
</TABLE>
