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000 C000000 0000095669
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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SIGNATURE JOSEPH REZABEK
TITLE ASST. VICE PRESIDENT
<TABLE> <S> <C>
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<SERIES>
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<INVESTMENTS-AT-VALUE> 106,065,758
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</TABLE>
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<S> <C>
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<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<SERIES>
<NUMBER> 004
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JAN-31-1999
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[DESCRIPTION]Report of 10f-3 Transactions
Securities Purchased in Underwritings Involving
Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation
Subject to Rule 10f-3 Under the Investment Company Act of 1940
ALLIANCE GLOBAL SMALL CAP FUND
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD JUNE 1, 1998 THROUGH AUGUST 31, 1998
<CAPTION>
Total % of
Shares Shares Offering Shares
Date Shares Price perPurchased bOffered Purchased Held
Security* PurchasedPurchasedShare Fund Group (000) By Group Purchased From 08/31/98
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Reinsurance Group of Ameri06/05/98 8,100 $47.00 227,900 4,300 5.30% Edward AG & Sons 6,000
Rhodia Inc ADR 06/25/98 3,000 $23.16 64,000 48,500 0.13% SG Warburg 0
Tweeter Home Entmt Group 07/16/98 1,500 $17.00 49,200 2,710 1.82% Dain Rauchser Inc 0
Broadcast Com 07/16/98 400 $18.00 27,300 2,500 1.09% Morgan Stanley 0
Entrust Technologies Inc 08/17/98 400 $16.00 29,100 7,770 0.37% Goldman Sachs 0
Geocities 08/10/98 500 $17.00 45,000 4,750 0.95% Goldman Sachs 0
</TABLE>
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD SEPTEMBER 1, 1998 THROUGH NOVEMBER 30, 1998
<CAPTION>
Total
Date Shares Price perPurchased bOffered Offered Held
Security* PurchasedPurchasedShare Fund Group (000) By Group Purchased From 11/30/98
<C> <C> <C> <C> <C> <C> <C> <C> <C>
EBAY Inc. 09/23/98 500 $18.00 50,700 3,500 1.45% Goldman Sachs 0
</TABLE>
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD DECEMBER 1, 1998 THROUGH FEBRUARY 28, 1999
<CAPTION>
Total
Date Shares Price perPurchased bOffered Offered Held
Security* PurchasedPurchasedShare Fund Group (000) By Group Purchased From 02/28/99
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Ticketmaster Online 12/02/98 1,200 $14.00 121,700 7,000 1.74% Nationsbanc 0
NVIDIA Corp. 01/21/99 100 $12.00 16,600 3,500 0.47% Morgan Stanley 0
Verticalnel 02/11/99 200 $16.00 28,300 3,500 0.81% Lehman Bros. 0
Euro Pan Europe Commun. 02/12/99 1,140 29 EURO 48,250 40,000 0.12% Goldman Sachs 0
Serena Software 02/12/99 500 $13.00 69,100 6,000 1.15% Lewco Sec. 0
Webtrends 02/19/99 200 $13.00 25,400 3,500 0.73% Dain Rauchser Inc 0
PC Order Com. 02/25/99 200 $21.00 25,300 2,200 1.15% Soundview Financial 200
</TABLE>
* Unless otherwise indicated, the securities were part of an issue registered
under the Securities Act of 1933 and offered to the public.
**Indicates the puchase of an Eligible Rule 144A Security.
1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if
purchased in an offering other than an Eligible Rule 144A Offering, 25% of the
principal amount of the offering of such class; or (b) if purchased in an
Eligible Rule 144A Offering, 25% of the total of (i) the principal amount
of the offering of such class sold by underwriters or members of the
selling syndicate to qualified institutional buyers, plus (ii) the principal
amount of the offering of such class in any concurrent public offering.
