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002 C000000 NJ
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007 C011000 10
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008 D020001 NY
008 D030001 10105
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010 B000001 801-32361
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010 C030001 10105
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011 B000001 8-30851
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011 C020001 NY
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<PAGE> PAGE 2
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012 C030001 07094
013 A000001 PRICE WATERHOUSE
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
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015 C020001 MA
015 C030001 02109
015 E010001 X
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020 B000001 13-2655998
020 C000001 251
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020 C000002 168
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020 B000003 00-0000000
020 C000003 100
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020 B000004 00-0000000
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020 B000005 00-0000000
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020 B000006 00-0000000
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020 B000010 00-0000000
<PAGE> PAGE 3
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022 B000002 13-2655998
022 C000002 10279
022 D000002 25137
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022 B000003 13-5674085
022 C000003 10882
022 D000003 12360
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022 C000004 10218
022 D000004 9273
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022 D000008 12494
022 A000009 DEUTSCHE MORGAN GRENFELLBANCO FACTOR
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<PAGE> PAGE 4
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SIGNATURE CATHERINE VACCA
TITLE DEPUTY MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Jun-30-1997
<PERIOD-START> Jul-1-1996
<PERIOD-END> Jun-30-1997
<INVESTMENTS-AT-COST> "568,385,186 "
<INVESTMENTS-AT-VALUE> "685,728,668 "
<RECEIVABLES> "22,931,746 "
<ASSETS-OTHER> "4,411,759 "
<OTHER-ITEMS-ASSETS> "816,643 "
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<SENIOR-LONG-TERM-DEBT> 0
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<SENIOR-EQUITY> "52,666 "
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<SHARES-COMMON-STOCK> "42,351,841 "
<SHARES-COMMON-PRIOR> "55,446,680 "
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<ACCUMULATED-NET-GAINS> "62,490,649 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "117,976,394 "
<NET-ASSETS> "696,268,039 "
<DIVIDEND-INCOME> "19,582,058 "
<INTEREST-INCOME> "600,933 "
<OTHER-INCOME> 0
<EXPENSES-NET> "12,225,098 "
<NET-INVESTMENT-INCOME> "7,957,893 "
<REALIZED-GAINS-CURRENT> "117,497,900 "
<APPREC-INCREASE-CURRENT> "18,167,397 "
<NET-CHANGE-FROM-OPS> "143,623,190 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(6,642,639)"
<DISTRIBUTIONS-OF-GAINS> "(62,883,647)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "139,188,888 "
<NUMBER-OF-SHARES-REDEEMED> "(329,157,216)"
<SHARES-REINVESTED> "27,867,077 "
<NET-CHANGE-IN-ASSETS> "(61,897,699)"
<ACCUMULATED-NII-PRIOR> "10,459,624 "
<ACCUMULATED-GAINS-PRIOR> "28,717,797 "
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<GROSS-ADVISORY-FEES> "6,703,589 "
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<PER-SHARE-NAV-BEGIN> 12.13
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<PER-SHARE-NAV-END> 13.26
<EXPENSE-RATIO> 1.72
<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> 1
<NAME> Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Jun-30-1997
<PERIOD-START> Jul-1-1996
<PERIOD-END> Jun-30-1997
<INVESTMENTS-AT-COST> "568,385,186 "
<INVESTMENTS-AT-VALUE> "685,728,668 "
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<ASSETS-OTHER> "4,411,759 "
<OTHER-ITEMS-ASSETS> "816,643 "
<TOTAL-ASSETS> "713,888,816 "
<PAYABLE-FOR-SECURITIES> "14,522,799 "
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<OTHER-ITEMS-LIABILITIES> "3,097,978 "
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<PAID-IN-CAPITAL-COMMON> "505,633,039 "
<SHARES-COMMON-STOCK> "9,294,525 "
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<ACCUMULATED-NII-CURRENT> "10,115,291 "
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<ACCUM-APPREC-OR-DEPREC> "117,976,394 "
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<EXPENSES-NET> "12,225,098 "
<NET-INVESTMENT-INCOME> "7,957,893 "
<REALIZED-GAINS-CURRENT> "117,497,900 "
<APPREC-INCREASE-CURRENT> "18,167,397 "
<NET-CHANGE-FROM-OPS> "143,623,190 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(562,618)"
<DISTRIBUTIONS-OF-GAINS> "(9,986,472)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "45,492,932 "
<NUMBER-OF-SHARES-REDEEMED> "(22,083,762)"
<SHARES-REINVESTED> "3,863,013 "
<NET-CHANGE-IN-ASSETS> "(61,897,699)"
<ACCUMULATED-NII-PRIOR> "10,459,624 "
<ACCUMULATED-GAINS-PRIOR> "28,717,797 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "6,703,589 "
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<GROSS-EXPENSE> "12,225,098 "
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<PER-SHARE-NAV-BEGIN> 11.96
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 2.50
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.04
<EXPENSE-RATIO> 2.43
<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> 1
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Jun-30-1997
<PERIOD-START> Jul-1-1996
<PERIOD-END> Jun-30-1997
<INVESTMENTS-AT-COST> "568,385,186 "
<INVESTMENTS-AT-VALUE> "685,728,668 "
<RECEIVABLES> "22,931,746 "
<ASSETS-OTHER> "4,411,759 "
<OTHER-ITEMS-ASSETS> "816,643 "
<TOTAL-ASSETS> "713,888,816 "
<PAYABLE-FOR-SECURITIES> "14,522,799 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,097,978 "
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<SENIOR-EQUITY> "52,666 "
<PAID-IN-CAPITAL-COMMON> "505,633,039 "
<SHARES-COMMON-STOCK> "991,544 "
<SHARES-COMMON-PRIOR> "199,282 "
<ACCUMULATED-NII-CURRENT> "10,115,291 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "62,490,649 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "117,976,394 "
<NET-ASSETS> "696,268,039 "
<DIVIDEND-INCOME> "19,582,058 "
<INTEREST-INCOME> "600,933 "
<OTHER-INCOME> 0
<EXPENSES-NET> "12,225,098 "
<NET-INVESTMENT-INCOME> "7,957,893 "
<REALIZED-GAINS-CURRENT> "117,497,900 "
<APPREC-INCREASE-CURRENT> "18,167,397 "
<NET-CHANGE-FROM-OPS> "143,623,190 "
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(25,246)"
<DISTRIBUTIONS-OF-GAINS> "(448,021)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "11,138,227 "
<NUMBER-OF-SHARES-REDEEMED> "(1,962,355)"
<SHARES-REINVESTED> "353,234 "
<NET-CHANGE-IN-ASSETS> "(61,897,699)"
<ACCUMULATED-NII-PRIOR> "10,459,624 "
<ACCUMULATED-GAINS-PRIOR> "28,717,797 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "6,703,589 "
<INTEREST-EXPENSE> "79,562 "
<GROSS-EXPENSE> "12,225,098 "
<AVERAGE-NET-ASSETS> "670,358,878 "
<PER-SHARE-NAV-BEGIN> 11.96
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> 2.46
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<PER-SHARE-DISTRIBUTIONS> (1.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.04
<EXPENSE-RATIO> 2.42
<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> 1
<NAME> Advisor Class
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Jun-30-1997
<PERIOD-START> Jul-1-1996
<PERIOD-END> Jun-30-1997
<INVESTMENTS-AT-COST> "568,385,186 "
<INVESTMENTS-AT-VALUE> "685,728,668 "
<RECEIVABLES> "22,931,746 "
<ASSETS-OTHER> "4,411,759 "
<OTHER-ITEMS-ASSETS> "816,643 "
<TOTAL-ASSETS> "713,888,816 "
<PAYABLE-FOR-SECURITIES> "14,522,799 "
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,097,978 "
<TOTAL-LIABILITIES> "17,620,777 "
<SENIOR-EQUITY> "52,666 "
<PAID-IN-CAPITAL-COMMON> "505,633,039 "
<SHARES-COMMON-STOCK> "28,234 "
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> "10,115,291 "
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> "62,490,649 "
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "117,976,394 "
<NET-ASSETS> "696,268,039 "
<DIVIDEND-INCOME> "19,582,058 "
<INTEREST-INCOME> "600,933 "
<OTHER-INCOME> 0
<EXPENSES-NET> "12,225,098 "
<NET-INVESTMENT-INCOME> "7,957,893 "
<REALIZED-GAINS-CURRENT> "117,497,900 "
<APPREC-INCREASE-CURRENT> "18,167,397 "
<NET-CHANGE-FROM-OPS> "143,623,190 "
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> "(16,066)"
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "329,652 "
<NUMBER-OF-SHARES-REDEEMED> "(1,589)"
<SHARES-REINVESTED> "17,869 "
<NET-CHANGE-IN-ASSETS> "(61,897,699)"
<ACCUMULATED-NII-PRIOR> "10,459,624 "
<ACCUMULATED-GAINS-PRIOR> "28,717,797 "
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "6,703,589 "
<INTEREST-EXPENSE> "79,562 "
<GROSS-EXPENSE> "12,225,098 "
<AVERAGE-NET-ASSETS> "670,358,878 "
<PER-SHARE-NAV-BEGIN> 12.14
<PER-SHARE-NII> .18
<PER-SHARE-GAIN-APPREC> 2.52
<PER-SHARE-DIVIDEND> (.19)
<PER-SHARE-DISTRIBUTIONS> (1.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.23
<EXPENSE-RATIO> 1.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE>
<C>
FORM N-SAR ATTACHMENT ITEM 77 0
"10f-3 TRANSACTIONS FOR THE PERIOD JULY 1, 1996 THROUGH JUNE 30, 1997"
Alliance Worldwide Privatization Fund
Shares Total % of Issue Shares
Date Shares % of Fund Price per Purchased by Shares Purchased Held
Security Purchased Purchased Assets1 Share Fund group Issued By Group2 Broker(s) 11/30/96
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <S>
Deutsche Telecom AG 11/18/96 "480,690 " 1.31% 18.984 "1,077,590" "85,000 " 1.27% Deutsche Morgan Grenfell "480,690 "
</TABLE>
To the Board of Directors of The Alliance Worldwide Privatization Fund, Inc.
In planning and performing our audit of the financial statements of The
Alliance Worldwide Privatization Fund, Inc. (the "Fund"), for the year ended
June 30, 1997, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs
of control activities. Generally, control activities that are relevant to
an audit pertain to the entity's objective of preparing financial statements
for external purposes that are fairly presented in conformity with generally
accepted accounting principles. Those control activities because of inherent
limitations in any internal control structure, errors or irregularities may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of any
specific internal control components does not reduce to a relatively low
level the risk that errors or irregularities in amounts that would be
material in relation to the financial statements being audited may occu
This report is intended solely for the information and use of management and
the Securities and Exchange Commission.
PRICE WATERHOUSE LLP
New York, New York
August 15, 1997
