Exhibits 77Q1:
Articles of Incorporation - Incorporated by reference to
Exhibit (a) to the Registrant's Registration Statement
on Form N-1A, filed with the Securities and Exchange
Commission on November 3, 1999.
By-Laws of the Registrant - Incorporated by reference to
Exhibit (b) to the Registrant's Registration Statement
on Form N-1A, filed with the Securities and Exchange
Commission on November 3, 1999.
Advisory Agreement between the Registrant and Alliance
Capital Management L.P. - Incorporated by reference to
Exhibit (d) to Pre-Effective Amendment No. 2 to the
Registrant's Registration Statement on Form N-1A (File
Nos. 333-90261 and 811-09687), filed with the Securities
and Exchange Commission on December 16, 1999.
