ALLIANCE GLOBAL SMALL CAP FUND INC
24F-2NT, 1996-09-26
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             U.S. SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549

                           FORM 24F-2
                Annual Notice of Securities Sold
                     Pursuant to Rule 24f-2

1.       Name and address of issuer:
         Alliance Global Small Cap Fund, Inc.
         1345 Avenue of the Americas
         New York, NY  10105

2.       Name of each series or class of funds for which this
         notice is filed:
         Class A
         Class B
         Class C

3.       Investment Company Act File Number:
         811-01415

         Securities Act File Number:
         2-25364

4.       Last day of fiscal period for which this notice is
         filed:
         July 31, 1996

5.       Check the box if this notice is being filed more than
         180 days after the close of the issuer's fiscal year for
         purposes of reporting securities sold after the close of
         the fiscal year but before termination of the issuer's
         24f-2 declaration:
                                                             [  ]

6.       Date of termination of issuer's declaration under rule
         24f-2(a)(1), if applicable (see instruction A.6):

7.       Number and amount of securities of the same class or
         series which had been registered under the Securities
         Act of 1933 other than pursuant to rule 24f-2 in a prior
         fiscal year, but which remained unsold at the beginning
         of the fiscal year:

         3,642,767 shares
         $44,733,179 amount

8.       Number and amount of securities registered during the
         fiscal year other than pursuant to rule 24f-2:

         shares           1,165,965
         amount         $14,318,050



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9.       Number and aggregate sale price of securities sold
         during the fiscal year:

         shares           2,233,141
         amount         $25,161,075

10.      Number and aggregate sale price of securities sold
         during the fiscal year in reliance upon registration
         pursuant to rule 24f-2:

         0    shares
         $0   amount

11.      Number and aggregate sale price of securities issued
         during the fiscal year in connection with dividend
         reinvestment plans, if applicable (see instruction B.7):

         0    shares
         $0   amount

12.      Calculation of registration fee:

      (i)     Aggregate sale price of
              securities sold during the
              fiscal year in reliance on rule
              24f-2 (from Item 10):              $ -0-
                                                 _____
 
     (ii)     Aggregate price of shares
              issued in connection with
              dividend reinvestment plans
              (from Item 11, if applicable):     + -0-
                                                 _____

    (iii)     Aggregate price of shares
              redeemed or repurchased during
              the fiscal year (if
              applicable):                       - -0-
                                                 _____

     (iv)     Aggregate price of shares
              redeemed or repurchased and
              previously applied as a
              reduction to filing fees
              pursuant to rule 24e-2 (if
              applicable):                       + -0-
                                                 _____


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      (v)     Net aggregate price of
              securities sold and issued
              during the fiscal year in
              reliance on rule 24f-2 [line
              (i), plus line (ii), less line
              (iii), plus line (iv)] (if
              applicable):                       $ -0-
                                                 _____
 
     (vi)     Multiplier prescribed by
              Section 6(b) of the Securities
              Act of 1933 or other applicable
              law or regulation (see
              instruction C.6):                  x 1/2900
                                                 ________

    (vii)     Fee due [line (i) or line (v)
              multiplied by line (vi)]:             0   
                                                 _________

Instruction:  Issuers should complete line (ii), (iii), and (v)
only if the form is being filed within 60 days after the close of
the issuer's fiscal year.  See Instruction C.3.

13.      Check box if fees are being remitted to the Commission's
         lockbox depository as described in section 3a of the
         Commission's Rules of Informal and Other Procedures (17
         CFR 202.3a).                                        [  ]

Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:

                            SIGNATURE

This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the dates
indicated.

By (Signature and Title)* /s/ Domenick Pugliese
                          _____________________
                              Domenick Pugliese

                          Assistant Secretary
                          ___________________
                          September 25, 1996

Date:

*Please print the name and title of the signing officer below the
signature.





00250176.AH5



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