<PAGE> PAGE 1
000 B000000 07/31/1999
000 C000000 0000095669
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 ALLIANCE GLOBAL SMALL CAP FUND, INC.
001 B000000 811-01415
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 L.P.
008 B000001 A
008 C000001 801-32361
008 D010001 NEW YORK
008 D020001 NY
008 D030001 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 84-0001187
012 C010001 SECAUCUS
012 C020001 NJ
012 C030001 07096
013 A000001 ERNST & YOUNG LLP
013 B010001 NEW YORK
013 B020001 NY
<PAGE> PAGE 2
013 B030001 10019
014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
014 B000001 8-00017574
015 A000001 STATE STREET BANK AND TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 50
019 C000000 ALLIANCECA
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000001 13-5674085
020 C000001 84
020 A000002 MORGAN (J.P.) SECURITIES, INC.
020 B000002 13-3224016
020 C000002 58
020 A000003 HSBC JAMES CAPEL & CO.
020 C000003 47
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004 43
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005 38
020 A000006 SBC WARBURG DILLON READ, INC.
020 B000006 13-3340045
020 C000006 35
020 A000007 SALOMON SMITH BARNEY, INC.
020 B000007 13-1912900
020 C000007 30
020 A000008 KLIENWORT BENSON SECURITIES
020 C000008 27
020 A000009 LEHMAN BROTHERS, INC.
020 B000009 13-2518466
020 C000009 26
020 A000010 CREDIT SUISSE FIRST BOSTON CORP.
020 B000010 13-5659485
020 C000010 17
021 000000 621
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 394166
022 D000001 0
022 A000002 FORD MOTOR CREDIT CORP.
022 C000002 69862
022 D000002 0
022 A000003 AMERICAN EXPRESS CREDIT CORP.
022 C000003 69763
<PAGE> PAGE 3
022 D000003 0
022 A000004 PRUDENTIAL SECURITIES, INC.
022 B000004 22-2347336
022 C000004 68527
022 D000004 177
022 A000005 GENERAL ELECTRIC CAP CORP.
022 C000005 56173
022 D000005 0
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006 5003
022 D000006 2247
022 A000007 LEHMAN BROTHERS, INC.
022 B000007 13-2518466
022 C000007 2952
022 D000007 2559
022 A000008 CREDIT SUISSE FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008 2439
022 D000008 2572
022 A000009 NATIONSBANC MONTGOMERY SECURITIES
022 C000009 1849
022 D000009 3082
022 A000010 HERZOG, HEINE, GEDULD, INC.
022 B000010 13-1955436
022 C000010 10
022 D000010 4596
023 C000000 693626
023 D000000 31454
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
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 886
028 A020000 0
028 A030000 0
<PAGE> PAGE 4
028 A040000 3179
028 B010000 1227
028 B020000 0
028 B030000 0
028 B040000 3928
028 C010000 1293
028 C020000 0
028 C030000 0
028 C040000 3383
028 D010000 1521
028 D020000 0
028 D030000 0
028 D040000 2358
028 E010000 940
028 E020000 1
028 E030000 0
028 E040000 1998
028 F010000 2485
028 F020000 0
028 F030000 0
028 F040000 3606
028 G010000 8352
028 G020000 1
028 G030000 0
028 G040000 18452
028 H000000 5085
029 000000 Y
030 A000000 73
030 B000000 4.25
030 C000000 4.25
031 A000000 18
031 B000000 0
032 000000 55
033 000000 0
034 000000 Y
035 000000 99
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
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
<PAGE> PAGE 5
043 000000 598
044 000000 225
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 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 Y
055 B000000 N
056 000000 Y
<PAGE> PAGE 6
057 000000 N
058 A000000 N
058 B000000 N
058 C000000 N
058 D000000 N
058 E000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
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 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
<PAGE> PAGE 7
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 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 128999
071 B000000 149280
071 C000000 107355
071 D000000 120
072 A000000 12
072 B000000 202
072 C000000 1489
072 D000000 0
072 E000000 0
072 F000000 1104
072 G000000 128
072 H000000 0
072 I000000 481
072 J000000 288
072 K000000 0
072 L000000 152
072 M000000 23
072 N000000 45
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 39
072 S000000 33
072 T000000 598
072 U000000 0
<PAGE> PAGE 8
072 V000000 0
072 W000000 16
072 X000000 2907
072 Y000000 34
072 Z000000 -1182
072AA000000 1820
072BB000000 0
072CC010000 5106
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 11972
073 A010000 0.0000
073 A020000 0.0000
073 B000000 1.1600
073 C000000 0.0000
074 A000000 13
074 B000000 0
074 C000000 2688
074 D000000 0
074 E000000 0
074 F000000 113329
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 759
074 K000000 0
074 L000000 99
074 M000000 0
074 N000000 116888
074 O000000 977
074 P000000 180
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1116
074 S000000 0
074 T000000 114615
074 U010000 6615
074 U020000 3540
074 V010000 11.66
074 V020000 10.57
074 W000000 0.0000
074 X000000 17460
074 Y000000 0
075 A000000 0
075 B000000 111473
076 000000 0.00
077 A000000 Y
077 B000000 Y
<PAGE> PAGE 9
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 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 GULF INSURANCE CO., CHUBB
080 C000000 98000
081 A000000 Y
081 B000000 122
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 JOSEPH REZABEK
TITLE ASST. VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000095669
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<SERIES>
<NUMBER> 001
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 103,922,888
<INVESTMENTS-AT-VALUE> 116,016,719
<RECEIVABLES> 857,790
<ASSETS-OTHER> 13,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,888,104
<PAYABLE-FOR-SECURITIES> 976,691
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,296,364
<TOTAL-LIABILITIES> 2,273,055
<SENIOR-EQUITY> 101,559
<PAID-IN-CAPITAL-COMMON> 103,059,534
<SHARES-COMMON-STOCK> 6,615,487
<SHARES-COMMON-PRIOR> 6,825,187
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25,115)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (617,108)
<ACCUM-APPREC-OR-DEPREC> 12,096,179
<NET-ASSETS> 114,615,049
<DIVIDEND-INCOME> 1,488,999
<INTEREST-INCOME> 202,047
<OTHER-INCOME> 0
<EXPENSES-NET> (2,873,170)
<NET-INVESTMENT-INCOME> (1,182,124)
<REALIZED-GAINS-CURRENT> 1,819,665
<APPREC-INCREASE-CURRENT> 5,106,195
<NET-CHANGE-FROM-OPS> 5,743,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7,496,012)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 697,279
<NUMBER-OF-SHARES-REDEEMED> (1,536,869)
<SHARES-REINVESTED> 629,890
<NET-CHANGE-IN-ASSETS> (16,917,595)
<ACCUMULATED-NII-PRIOR> (353,121)
<ACCUMULATED-GAINS-PRIOR> 11,082,859
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,104,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,907,000
<AVERAGE-NET-ASSETS> 71,908,701
<PER-SHARE-NAV-BEGIN> 12.14
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 0.76
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.66
<EXPENSE-RATIO> 2.33
[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
<CIK> 0000095669
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<SERIES>
<NUMBER> 002
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 103,922,888
<INVESTMENTS-AT-VALUE> 116,016,719
<RECEIVABLES> 857,790
<ASSETS-OTHER> 13,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,888,104
<PAYABLE-FOR-SECURITIES> 976,691
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,296,364
<TOTAL-LIABILITIES> 2,273,055
<SENIOR-EQUITY> 101,559
<PAID-IN-CAPITAL-COMMON> 103,059,534
<SHARES-COMMON-STOCK> 2,857,724
<SHARES-COMMON-PRIOR> 3,466,690
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25,115)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (617,108)
<ACCUM-APPREC-OR-DEPREC> 12,096,179
<NET-ASSETS> 114,615,049
<DIVIDEND-INCOME> 1,488,999
<INTEREST-INCOME> 202,047
<OTHER-INCOME> 0
<EXPENSES-NET> (2,873,170)
<NET-INVESTMENT-INCOME> (1,182,124)
<REALIZED-GAINS-CURRENT> 1,819,665
<APPREC-INCREASE-CURRENT> 5,106,195
<NET-CHANGE-FROM-OPS> 5,743,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,620,259)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 657,798
<NUMBER-OF-SHARES-REDEEMED> (1,637,324)
<SHARES-REINVESTED> 370,560
<NET-CHANGE-IN-ASSETS> (16,917,595)
<ACCUMULATED-NII-PRIOR> (353,121)
<ACCUMULATED-GAINS-PRIOR> 11,082,859
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,104,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,907,000
<AVERAGE-NET-ASSETS> 31,018,443
<PER-SHARE-NAV-BEGIN> 11.20
<PER-SHARE-NII> (0.15)
<PER-SHARE-GAIN-APPREC> 0.68
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> 3.11
[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
<CIK> 0000095669
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<SERIES>
<NUMBER> 003
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 103,922,888
<INVESTMENTS-AT-VALUE> 116,016,719
<RECEIVABLES> 857,790
<ASSETS-OTHER> 13,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,888,104
<PAYABLE-FOR-SECURITIES> 976,691
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,296,364
<TOTAL-LIABILITIES> 2,273,055
<SENIOR-EQUITY> 101,559
<PAID-IN-CAPITAL-COMMON> 103,059,534
<SHARES-COMMON-STOCK> 666,351
<SHARES-COMMON-PRIOR> 843,816
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25,115)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (617,108)
<ACCUM-APPREC-OR-DEPREC> 12,096,179
<NET-ASSETS> 114,615,049
<DIVIDEND-INCOME> 1,488,999
<INTEREST-INCOME> 202,047
<OTHER-INCOME> 0
<EXPENSES-NET> (2,873,170)
<NET-INVESTMENT-INCOME> (1,182,124)
<REALIZED-GAINS-CURRENT> 1,819,665
<APPREC-INCREASE-CURRENT> 5,106,195
<NET-CHANGE-FROM-OPS> 5,743,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (837,402)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 265,399
<NUMBER-OF-SHARES-REDEEMED> (530,032)
<SHARES-REINVESTED> 87,168
<NET-CHANGE-IN-ASSETS> (16,917,595)
<ACCUMULATED-NII-PRIOR> (353,121)
<ACCUMULATED-GAINS-PRIOR> 11,082,859
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,104,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,907,000
<AVERAGE-NET-ASSETS> 7,257,432
<PER-SHARE-NAV-BEGIN> 11.22
<PER-SHARE-NII> (0.16)
<PER-SHARE-GAIN-APPREC> 0.69
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 3.12
[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
<CIK> 0000095669
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<SERIES>
<NUMBER> 004
<NAME> ALLIANCE GLOBAL SMALL CAP FUND, INC.
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-START> AUG-01-1998
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 103,922,888
<INVESTMENTS-AT-VALUE> 116,016,719
<RECEIVABLES> 857,790
<ASSETS-OTHER> 13,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,888,104
<PAYABLE-FOR-SECURITIES> 976,691
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,296,364
<TOTAL-LIABILITIES> 2,273,055
<SENIOR-EQUITY> 101,559
<PAID-IN-CAPITAL-COMMON> 103,059,534
<SHARES-COMMON-STOCK> 16,058
<SHARES-COMMON-PRIOR> 32,113
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (25,115)
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (617,108)
<ACCUM-APPREC-OR-DEPREC> 12,096,179
<NET-ASSETS> 114,615,049
<DIVIDEND-INCOME> 1,488,999
<INTEREST-INCOME> 202,047
<OTHER-INCOME> 0
<EXPENSES-NET> (2,873,170)
<NET-INVESTMENT-INCOME> (1,182,124)
<REALIZED-GAINS-CURRENT> 1,819,665
<APPREC-INCREASE-CURRENT> 5,106,195
<NET-CHANGE-FROM-OPS> 5,743,736
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (18,180)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,127
<NUMBER-OF-SHARES-REDEEMED> (21,501)
<SHARES-REINVESTED> 1,319
<NET-CHANGE-IN-ASSETS> (16,917,595)
<ACCUMULATED-NII-PRIOR> (353,121)
<ACCUMULATED-GAINS-PRIOR> 11,082,859
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,104,000
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,907,000
<AVERAGE-NET-ASSETS> 215,397
<PER-SHARE-NAV-BEGIN> 12.20
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 0.77
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.74
<EXPENSE-RATIO> 2.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[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>
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 Montgomery 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 25,300 2,200 1.15% Soundview Financial 200
</TABLE>
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD MARCH 1, 1999 THROUGH MAY 31, 1999
<CAPTION>
Total
Date Shares Price perPurchased bOffered Offered Held
Security* PurchasedPurchasedShare Fund Group (000) By Group Purchased From 05/31/99
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Cinar Corp. 03/04/99 12,100 $20.00 494,800 7,000 7.07% Furman Selz 16,200
Novasle Corp. 03/15/99 3,300 $20.00 99,100 2,400 4.13% Morgan Stanley 19,400
Ivillage Inc. 03/18/99 200 $24.00 33,500 3,650 0.92% Goldman Sachs 0
Cheap Tickets 03/19/99 100 $15.00 22,600 3,500 0.65% William Blair 0
Autoweb.Com 03/22/99 300 $14.00 54,000 5,000 1.08% CS First Boston 0
Onemain. Com 03/25/99 400 $22.00 56,600 8,500 0.67% BT Alex Brown 0
Autobytel.Com 03/26/99 300 $23.00 41,800 4,500 0.93% BT Alex Brown 0
MKS Instruments 03/29/99 12,400 $14.00 595,400 6,500 9.16% Nationsbanc Montgomery 14,500
Ziff-Davis Inc. 03/30/99 800 $19.00 136,600 10,000 1.37% Goldman Sachs 0
Republic Services, Inc. 04/27/99 23,800 $16.88 6,499,200 100,000 6.50% Merrill Lynch 0
Proxicom 04/20/99 300 $13.00 52,400 4,500 1.16% Thomas Weisel Prin 0
Worldgate Communications 04/15/99 400 $21.00 62,000 5,000 1.24% Gerard Klauer Mattis 0
Beyond.Com 04/08/99 4,700 $35.00 198,200 4,000 4.96% CS First Boston 0
ITURF 04/09/99 200 $22.00 37,300 4,200 0.89% BT Alex Brown 0
Applied Theory Corp 04/29/99 200 $16.00 41,800 4,500 0.93% Bear Stearns 0
Launch Media 04/29/99 200 $22.00 29,000 3,400 0.85% Lewco Secs Agent 0
Flycast Communications Cor05/04/99 200 $25.00 29,100 3,000 0.97% BT Alex Brown 0
CAIS Internet Inc. 05/20/99 300 $19.00 45,900 6,000 0.77% Bear Stearns 0
Juno Online Services 05/25/99 500 $13.00 33,200 6,500 0.51% Salomon Smith Barney 0
Starmedia Network Inc. 05/25/99 500 $15.00 81,400 7,000 1.16% Goldman Sachs 0
RCN Corp. 05/26/99 470 $39.00 706,700 8,000 8.83% Salomon Smith Barney 5,200
</TABLE>
<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD JUNE 1, 1999 THROUGH JULY 31, 1999
<CAPTION>
Total
Date Shares Price perPurchased bOffered Offered Held
Security* PurchasedPurchasedShare Fund Group (000) By Group Purchased From 07/31/99
<C> <C> <C> <C> <C> <C> <C> <C> <C>
Citadel Communications 06/21/99 7,800 $29.25 347,600 10,000 3.48% CS First Boston 0
Globespan Inc. 06/23/99 300 $15.00 47,400 3,250 1.46% BancBoston Robertson 0
Internet.com 06/25/99 400 $14.00 81,800 3,400 2.41% Piper Jaffray 0
Persistence Software Inc. 06/25/99 100 $11.00 25,100 3,000 0.84% BancBoston Robertson 0
E-Loan Inc. 06/28/99 100 $14.00 22,700 3,500 0.65% Goldman Sachs 0
Network Plus Corp. 06/29/99 1,600 $16.00 283,200 8,000 3.54% Goldman Sachs 0
Commerce One 07/01/99 300 $21.00 59,000 3,300 1.79% CS First Boston 0
Salem Communications Corp.07/01/99 2,600 $22.50 133,700 8,400 1.59% DB Clearing Services 0
Yankee Candle Co. 07/01/99 6,600 $18.00 292,300 12,500 2.34% Morgan Stanley 0
Commtouch Software Ltd. 07/13/99 200 $16.00 42,000 3,000 1.40% Piper Jaffray 0
Triquint Semiconductor Inc07/13/99 3,500 $43.63 155,900 3,865 4.03% SG Cowen Securities 4,800
National Information Conso07/15/99 1,100 $12.00 211,500 13,000 1.63% Thomas Weisel 0
Ravisent Technologies, Inc07/15/99 3,900 $12.00 176,700 5,000 3.53% Bear Stearns 0
Engage Technologies, Inc.07/19/99 300 $15.00 63,000 6,000 1.05% Goldman Sachs 0
Insweb Corp. 07/22/99 400 $17.00 72,800 5,000 1.46% Advest, Inc. 0
Liberate Technologies 07/27/99 400 $16.00 70,700 6,250 1.13% CS First Boston 0
Focal Communications 07/27/99 1,300 $13.00 235,600 9,950 2.37% Salomon Smith Barney 0
Digex, Inc. 07/29/99 700 $17.00 135,600 10,000 1.36% Bear Stearns 7,300
Net2Phone Inc. 07/29/99 200 $15.00 41,900 5,400 0.78% Lewco Secs Agent 0
</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.
Report of Independent Auditors
To the Shareholders and Board of Directors of
Alliance Global Small Cap Fund, Inc.
In planning and performing our audit of the financial statements of Alliance
Global Small Cap Fund, Inc. for the year ended July 31, 1999, 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, and not to provide assurance on the internal
control.
The management of Alliance Global Small Cap Fund, Inc. 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 controls. Generally, controls 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 controls
include the safeguarding of assets against unauthorized acquisition, use or
disposition.
Because of inherent limitations in internal control, errors or fraud 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 one or
more of the specific internal control components does not reduce to a
relatively low level the risk that errors or fraud in amounts that would be
material in relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above at
July 31, 1999.
This report is intended solely for the information and use of the board of
directors and management of Alliance Global Small Cap Fund, Inc. and the
Securities and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
ERNST & YOUNG LLP
September 8, 1999
