<PAGE> PAGE 1
000 B000000 10/31/99
000 C000000 0000930438
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 ALL-ASIA INVESTMENT FUND
001 B000000 811-8776
001 C000000 2013194105
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 LP
008 B000001 A
008 C000001 801-32361
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10105
010 A000001 ALLIANCE CAPITAL MANAGEMENT LP
010 B000001 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,INC
012 B000001 84-001187
012 C010001 SECAUCUS
<PAGE> PAGE 2
012 C020001 NJ
012 C030001 07094
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10019
014 A000001 DONALDSON LUFKIN & JENRETTE CORP.
014 B000001 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 51
019 C000000 ALLIANCECA
020 A000001 MORGAN STANLEY AND CO
020 B000001 13-2655998
020 C000001 50
020 A000002 SG WARBURG SEC JAPAN TOKYO
020 B000002 00-0000000
020 C000002 37
020 A000003 SALOMON BROTHERS INC NEW YORK
020 B000003 13-5365580
020 C000003 36
020 A000004 WI CARR TOKYO
020 B000004 00-0000000
020 C000004 20
020 A000005 CS FIRST BOSTON HK SEC LTD
020 B000005 00-0000000
020 C000005 20
020 A000006 DEUTSCHE BANK CAP MKTS TOKYO
020 B000006 00-0000000
020 C000006 18
020 A000007 NOMURA SECURITIES CO LTD TOKYO
020 B000007 00-0000000
020 C000007 16
020 A000008 MERRILLL LYNCH PIERCE FENNER HONG KONG
020 B000008 00-0000000
020 C000008 15
020 A000009 HSBC BANK PLC
020 B000009 00-0000000
020 C000009 14
020 A000010 GOLDMAN SACHS AND CO
020 B000010 13-5108880
020 C000010 12
021 000000 353
022 A000001 BROWN BROTHERS HARRIMAN
022 B000001 13-4973745
<PAGE> PAGE 3
022 C000001 767116
022 D000001 716849
022 A000002 MORGAN STANLEY AND CO INC
022 B000002 13-2655998
022 C000002 1416
022 D000002 2193
022 A000003 BEAR STEARNS TOKYO
022 B000003 00-0000000
022 C000003 2010
022 D000003 0
022 A000004 ESI SECURITIES CO
022 B000004 00-0000000
022 C000004 1500
022 D000004 0
022 A000005 LEHMAN BROTHERS INC
022 B000005 13-2518466
022 C000005 1038
022 D000005 418
022 A000006 CS FIRST BOSTON INDIA PVT LTD
022 B000006 00-0000000
022 C000006 1224
022 D000006 114
022 A000007 MERRILL LYNCH PIERCE FENNER SMITH
022 B000007 13-5674085
022 C000007 609
022 D000007 706
022 A000008 CREDIT LYONNAISE SECURITIES INDIA
022 B000008 00-0000000
022 C000008 1285
022 D000008 0
022 A000009 KOTAK SECURITIES BOMBAY
022 B000009 00-0000000
022 C000009 220
022 D000009 856
022 A000010 ABN AMRO ASIA EQUITIES INDIA
022 B000010 00-0000000
022 C000010 0
022 D000010 874
023 C000000 780761
023 D000000 722652
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
<PAGE> PAGE 4
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 5450
028 A020000 0
028 A030000 0
028 A040000 2204
028 B010000 16746
028 B020000 0
028 B030000 0
028 B040000 4213
028 C010000 18358
028 C020000 0
028 C030000 0
028 C040000 4313
028 D010000 15440
028 D020000 0
028 D030000 0
028 D040000 8388
028 E010000 21844
028 E020000 0
028 E030000 0
028 E040000 16457
028 F010000 18924
028 F020000 0
028 F030000 0
028 F040000 10541
028 G010000 96762
028 G020000 0
028 G030000 0
028 G040000 46116
028 H000000 96762
029 000000 Y
030 A000000 326
030 B000000 4.25
030 C000000 0.00
031 A000000 23
031 B000000 0
032 000000 303
033 000000 0
034 000000 Y
035 000000 41
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
<PAGE> PAGE 5
039 000000 Y
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 261
044 000000 424
045 000000 Y
046 000000 N
047 000000 Y
048 000000 1.000
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 Y
<PAGE> PAGE 6
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 Y
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
058 B000000 N
058 C000000 N
058 D000000 N
058 E000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 250
062 A000000 N
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 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 C000000 Y
067 000000 N
068 A000000 N
068 B000000 Y
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
<PAGE> PAGE 7
070 C010000 N
070 C020000 N
070 D010000 N
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 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 90438
071 B000000 44099
071 C000000 36913
071 D000000 119
072 A000000 12
072 B000000 142
072 C000000 314
072 D000000 0
072 E000000 0
072 F000000 388
072 G000000 58
072 H000000 0
072 I000000 136
072 J000000 212
072 K000000 0
072 L000000 32
072 M000000 39
072 N000000 83
072 O000000 1
<PAGE> PAGE 8
072 P000000 0
072 Q000000 0
072 R000000 56
072 S000000 31
072 T000000 260
072 U000000 43
072 V000000 0
072 W000000 24
072 X000000 1363
072 Y000000 202
072 Z000000 -705
072AA000000 5356
072BB000000 0
072CC010000 17406
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 1574
074 B000000 0
074 C000000 7100
074 D000000 0
074 E000000 96
074 F000000 85311
074 G000000 0
074 H000000 0
074 I000000 46
074 J000000 340
074 K000000 0
074 L000000 2831
074 M000000 0
074 N000000 97298
074 O000000 2911
074 P000000 139
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1294
074 S000000 0
074 T000000 92954
074 U010000 3829
074 U020000 3776
074 V010000 10.46
074 V020000 10.09
074 W000000 0.0000
074 X000000 7135
<PAGE> PAGE 9
074 Y000000 0
075 A000000 0
075 B000000 38722
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE CO.,CHUBB
080 C000000 83000
081 A000000 Y
081 B000000 105
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
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 M. VACCA
TITLE MANAGER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 06
<CIK> 0000873067
<NAME> All Asia Investment Fund
<SERIES>
<NUMBER> 001
<NAME> Class A
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> 10/31/99
<PERIOD-START> 11/1/98
<PERIOD-END> 10/31/99
<INVESTMENTS-AT-COST> 76732035
<INVESTMENTS-AT-VALUE> 92552798
<RECEIVABLES> 3171020
<ASSETS-OTHER> 1531037
<OTHER-ITEMS-ASSETS> 42910
<TOTAL-ASSETS> 97297765
<PAYABLE-FOR-SECURITIES> 2911155
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1432953
<TOTAL-LIABILITIES> 4344108
<SENIOR-EQUITY> 9050
<PAID-IN-CAPITAL-COMMON> 84100206
<SHARES-COMMON-STOCK> 3829396
<SHARES-COMMON-PRIOR> 644281
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 333295
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6639398
<ACCUM-APPREC-OR-DEPREC> 15817094
<NET-ASSETS> 92953657
<DIVIDEND-INCOME> 314100
<INTEREST-INCOME> 142036
<OTHER-INCOME> 0
<EXPENSES-NET> 1160889
<NET-INVESTMENT-INCOME> (704753)
<REALIZED-GAINS-CURRENT> 5356338
<APPREC-INCREASE-CURRENT> 17406135
<NET-CHANGE-FROM-OPS> 22057720
<EQUALIZATION>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6453039
<NUMBER-OF-SHARES-REDEEMED> 3267924
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 76602242
<ACCUMULATED-NII-PRIOR> 59962
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12456242
<GROSS-ADVISORY-FEES> 387722
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1362673
<AVERAGE-NET-ASSETS> 38722198
<PER-SHARE-NAV-BEGIN> 5.86
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 4.70
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL>
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 2.45
[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> 06
<CIK> 0000873067
<NAME> All Asia Investment Fund
<SERIES>
<NUMBER> 001
<NAME> Class B
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> 10/31/99
<PERIOD-START> 11/1/98
<PERIOD-END> 10/31/99
<INVESTMENTS-AT-COST> 76732035
<INVESTMENTS-AT-VALUE> 92552798
<RECEIVABLES> 3171020
<ASSETS-OTHER> 1531037
<OTHER-ITEMS-ASSETS> 42910
<TOTAL-ASSETS> 97297765
<PAYABLE-FOR-SECURITIES> 2911155
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1432953
<TOTAL-LIABILITIES> 4344108
<SENIOR-EQUITY> 9050
<PAID-IN-CAPITAL-COMMON> 84100206
<SHARES-COMMON-STOCK> 3775739
<SHARES-COMMON-PRIOR> 1548768
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 333295
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6639398
<ACCUM-APPREC-OR-DEPREC> 15817094
<NET-ASSETS> 92953657
<DIVIDEND-INCOME> 314100
<INTEREST-INCOME> 142036
<OTHER-INCOME> 0
<EXPENSES-NET> 1160889
<NET-INVESTMENT-INCOME> (704753)
<REALIZED-GAINS-CURRENT> 5356338
<APPREC-INCREASE-CURRENT> 17406135
<NET-CHANGE-FROM-OPS> 22057720
<EQUALIZATION>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4318194
<NUMBER-OF-SHARES-REDEEMED> 2091223
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 76602242
<ACCUMULATED-NII-PRIOR> 59962
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12456242
<GROSS-ADVISORY-FEES> 387722
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1362673
<AVERAGE-NET-ASSETS> 38722198
<PER-SHARE-NAV-BEGIN> 5.71
<PER-SHARE-NII> (.18)
<PER-SHARE-GAIN-APPREC> 4.56
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 10.09
<EXPENSE-RATIO> 3.48
[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> 06
<CIK> 0000873067
<NAME> All Asia Investment Fund
<SERIES>
<NUMBER> 001
<NAME> Class C
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> 10/31/99
<PERIOD-START> 11/1/98
<PERIOD-END> 10/31/99
<INVESTMENTS-AT-COST> 76732035
<INVESTMENTS-AT-VALUE> 92552798
<RECEIVABLES> 3171020
<ASSETS-OTHER> 1531037
<OTHER-ITEMS-ASSETS> 42910
<TOTAL-ASSETS> 97297765
<PAYABLE-FOR-SECURITIES> 2911155
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1432953
<TOTAL-LIABILITIES> 4344108
<SENIOR-EQUITY> 9050
<PAID-IN-CAPITAL-COMMON> 84100206
<SHARES-COMMON-STOCK> 994498
<SHARES-COMMON-PRIOR> 300050
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 333295
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6639398
<ACCUM-APPREC-OR-DEPREC> 15817094
<NET-ASSETS> 92953657
<DIVIDEND-INCOME> 314100
<INTEREST-INCOME> 142036
<OTHER-INCOME> 0
<EXPENSES-NET> 1160889
<NET-INVESTMENT-INCOME> (704753)
<REALIZED-GAINS-CURRENT> 5356338
<APPREC-INCREASE-CURRENT> 17406135
<NET-CHANGE-FROM-OPS> 22057720
<EQUALIZATION>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1716656
<NUMBER-OF-SHARES-REDEEMED> 1022208
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 76602242
<ACCUMULATED-NII-PRIOR> 59962
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12456242
<GROSS-ADVISORY-FEES> 387722
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1362673
<AVERAGE-NET-ASSETS> 38722198
<PER-SHARE-NAV-BEGIN> 5.72
<PER-SHARE-NII> (.18)
<PER-SHARE-GAIN-APPREC> 4.58
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 3.41
[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> 06
<CIK> 0000873067
<NAME> All Asia Investment Fund
<SERIES>
<NUMBER> 001
<NAME> Advisor Class
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> ANNUAL
<FISCAL-YEAR-END> 10/31/99
<PERIOD-START> 11/1/98
<PERIOD-END> 10/31/99
<INVESTMENTS-AT-COST> 76732035
<INVESTMENTS-AT-VALUE> 92552798
<RECEIVABLES> 3171020
<ASSETS-OTHER> 1531037
<OTHER-ITEMS-ASSETS> 42910
<TOTAL-ASSETS> 97297765
<PAYABLE-FOR-SECURITIES> 2911155
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1432953
<TOTAL-LIABILITIES> 4344108
<SENIOR-EQUITY> 9050
<PAID-IN-CAPITAL-COMMON> 84100206
<SHARES-COMMON-STOCK> 450305
<SHARES-COMMON-PRIOR> 340919
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 333295
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 6639398
<ACCUM-APPREC-OR-DEPREC> 15817094
<NET-ASSETS> 92953657
<DIVIDEND-INCOME> 314100
<INTEREST-INCOME> 142036
<OTHER-INCOME> 0
<EXPENSES-NET> 1160889
<NET-INVESTMENT-INCOME> (704753)
<REALIZED-GAINS-CURRENT> 5356338
<APPREC-INCREASE-CURRENT> 17406135
<NET-CHANGE-FROM-OPS> 22057720
<EQUALIZATION>
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 702565
<NUMBER-OF-SHARES-REDEEMED> 593179
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 76602242
<ACCUMULATED-NII-PRIOR> 59962
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 12456242
<GROSS-ADVISORY-FEES> 387722
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1362673
<AVERAGE-NET-ASSETS> 38722198
<PER-SHARE-NAV-BEGIN> 5.90
<PER-SHARE-NII> (.10)
<PER-SHARE-GAIN-APPREC> 4.74
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 10.54
<EXPENSE-RATIO> 2.45
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
