[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
GLOBAL SMALL CAP FUND, INC.
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10f-3 TRANSACTIONS FOR THE PERIOD FEBRUARY 1,2000 THROUGH FEBRUARY 29, 2000
<CAPTION>
Total % of
Shares Shares Offering Shares
Date Shares % of FundPrice perPurchased bOffered PurchasedPurchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group From 02/29/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Dobson Communications Corp02/03/00 4,500 0.00% $22.00 162,300 25,000 0.65% Lehman Bros Inc. 9,000
Mediacom Communications 02/03/00 6,400 0.00% $19.00 231,800 20,000 1.16% Salomon Smith Barney 14,300
Fastnet Corp. 02/08/00 300 0.00% $12.00 11,400 4,000 0.29% Furman, Selz, Magerdie 0
Rural Cellular Corp. 02/08/00 2,300 0.00% $61.88 85,600 2,390 3.58% Merrill Lynch Pierce 3,900
Landacorp Inc. 02/09/00 100 0.00% $10.00 5,900 3,500 0.17% Lewco Securities 100
Organic Inc. 02/09/00 1,000 0.00% $20.00 35,200 5,500 0.64% Goldman Sachs & Co. 0
Cypress Communications 02/10/00 1,400 0.00% $17.00 23,100 10,000 0.23% Bear Stearns 0
Lante Corp. 02/10/00 1,000 0.00% $20.00 37,600 4,000 0.94% CS First Boston Corp. 0
Witness Systems 02/10/00 200 0.00% $20.00 7,400 3,800 0.19% Lewco Securities 0
Diversa Corp. 02/14/00 1,300 0.00% $24.00 26,100 7,250 0.36% Bear Stearns 1,100
Compucredit Corp. 02/16/00 4,300 0.00% $33.50 154,200 4,600 3.35% JP Morgan 9,500
Eloquent Inc. 02/17/00 700 0.00% $16.00 26,800 4,500 0.60% Piper Jaffray Inc. 0
Hotel Reservations Network02/25/00 800 0.00% $16.00 27,000 5,400 0.50% Allen & Company 800
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<TABLE>
10f-3 TRANSACTIONS FOR THE PERIOD OF MARCH 1,2000 THROUGH MAY 31,2000
<CAPTION>
Total % of Offer
Date Shares % of FundPrice perPurchased bOffered Purchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group Broker(s) 05/31/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Register.Com 03/03/00 600 0.00% $24.00 26,000 5,000 0.52% Lewco Securities 0
Prime Response 03/03/00 700 0.00% $18.00 29,100 3,500 0.83% Robertson Stephens 0
Versata 03/03/00 500 0.00% $24.00 23,300 3,850 0.61% Thomas Weisel 0
FirstWorld Communications 03/07/00 2,200 0.00% $17.00 87,800 10,000 0.88% Lehman Brothers 5,900
Riverdeep Ground PLC ADR 03/09/00 45,000 0.00% $20.00 45,000 36,500 0.12% CS First Boston Corp. 45,000
PSI Technologies Holdings 03/16/00 200 0.00% $16.00 8,600 3,500 0.25% Lewco Securities 0
Intrabiotics Pharmaceutica03/28/00 600 0.00% $15.00 13,800 7,500 0.18% DB Clearing Services 0
Go America Inc. 04/06/00 6,600 0.00% $16.00 201,200 10,000 2.01% Bear Stearns 0
I3 Mobile 04/06/00 400 0.00% $16.00 15,700 5,100 0.31% DB Clearing Services 0
DDI Corp. 04/11/00 45,900 0.00% $14.00 1,407,500 12,000 11.73% CS First Boston Corp. 51,900
Genomic Solutions 05/05/00 29,700 0.00% $8.00 401,400 7,000 5.73% UBS Warburg 29,700
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10f-3 TRANSACTIONS FOR THE PERIOD OF JUNE 1,2000 THROUGH JULY 31, 2000
<CAPTION>
Total
Date Shares % of FundPrice perPurchased bOffered Purchased Held
Security* PurchasedPurchasedAssets Share Fund Group (000) By Group Broker(s) 07/31/00
<C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Community Health Systems 06/08/00 3,400 0.00% $13.00 59,300 18,750 0.32% Merrill Lynch 0
Virage Inc. 06/28/00 4,500 0.00% $11.00 123,400 3,500 3.53% CS First Boston Corp. 13,300
Network Engines 07/13/00 1,100 0.00% $17.00 34,400 6,500 0.53% Robertson Stephens & Co0
SMTC Corp. 07/20/00 3,400 0.00% $16.00 113,900 11,000 1.04% Lehman Brothers 24,600
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* 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.
