Exhibit (e)(2)
DISTRIBUTION SERVICES AGREEMENT
AGREEMENT made as of February 1, 2002 between Xxxxxxx X.
Xxxxxxxxx Fund, Inc., a Maryland corporation (the "Fund"), on behalf of each of
its series listed on Schedule I hereto (each, a "Portfolio"), and ALLIANCE FUND
DISTRIBUTORS, INC., a Delaware corporation (the "Underwriter").
WITNESSETH
WHEREAS, the Fund is registered under the Investment Company
Act of 1940, as amended (the "Investment Company Act"), as an open-end
management investment company and it is in the interest of the Fund to offer its
shares for sale continuously;
WHEREAS, the Underwriter is a securities firm engaged in the
business of selling shares of investment companies either directly to purchasers
or through other securities dealers;
WHEREAS, the Fund and the Underwriter wish to enter into an
agreement with each other with respect to the continuous offering of the Fund's
shares in order to promote the growth of the Fund and facilitate the
distribution of its shares;
NOW, THEREFORE, the parties agree as follows:
Section 1. Appointment of the Underwriter. The Fund hereby
appoints the Underwriter as the principal underwriter and distributor of the
Fund to sell to the public the classes of shares listed on Schedule I hereto
(collectively referred to herein as "Class A shares," "Class B shares," and
"Class C shares") and shares of such other class or classes as the Fund and the
Underwriter shall from time to time mutually agree in writing shall become
subject to this Agreement (the "New shares") (the Class A shares, the Class B
shares, the Class C shares and the New shares being collectively referred to
herein as the "shares") and hereby agrees during the term of this Agreement to
sell shares to the Underwriter upon the terms and conditions herein set forth.
Section 2. Exclusive Nature of Duties. The Underwriter shall
be the exclusive representative of the Fund to act as principal underwriter and
distributor of the shares except that the rights given under this Agreement to
the Underwriter shall not apply to shares issued in connection with (a) the
merger or consolidation of any other investment company with a Portfolio, (b) a
Portfolio's acquisition by purchase or otherwise of all or substantially all of
the assets or stock of any other investment company or (c) the reinvestment in
shares by the Fund's shareholders of dividends or other distributions.
Section 3. Purchase of Shares from the Fund.
(a) The Underwriter shall have the right to buy from the
Portfolio the shares needed to fill unconditional orders for shares of the
Portfolio placed with the Underwriter by investors or securities dealers,
depository institutions or other financial intermediaries acting as agent for
their customers. The price which the Underwriter shall pay for the shares so
purchased
from the Portfolio shall be the net asset value, determined as set forth in
Section 3(d) hereof, used in determining the public offering price on which such
orders are based.
(b) The shares are to be resold by the Underwriter to
investors at a public offering price, as set forth in Section 3(c) hereof, or to
securities dealers, depository institutions or other financial intermediaries
acting as agent for their customers having agreements with the Underwriter upon
the terms and conditions set forth in Section 8 hereof.
(c) The public offering price of the shares, i.e., the price
per share at which the Underwriter or selected dealers or selected agents (each
as defined in Section 8(a) below) may sell shares to the public, shall be the
public offering price determined in accordance with one or more of the current
prospectuses and statements of additional information of the Fund (each a
"Prospectus" and a "Statement of Additional Information," respectively) under
the Securities Act of 1933, as amended (the "Securities Act"), relating to such
shares, but not to exceed the net asset value at which the Underwriter is to
purchase such shares, plus, in the case of Class A shares, an initial sales
charge equal to a specified percentage or percentages of the public offering
price of the Class A shares as set forth in the Prospectus. Class A shares may
be sold without such a sales charge to certain classes of persons as from time
to time set forth in the Prospectus and Statement of Additional Information. All
payments to the Fund hereunder shall be made in the manner set forth in Section
3(f) hereof.
(d) The net asset value of shares of each Portfolio shall be
determined by the Portfolio, or any agent of the Portfolio, as of the close of
regular trading on the New York Stock Exchange on each Portfolio business day in
accordance with the method set forth in the Prospectus and Statement of
Additional Information and guidelines established by the Directors of the Fund.
(e) The Fund reserves the right to suspend the offering of the
shares of any Portfolio at any time in the absolute discretion of its Directors.
(f) Each Portfolio, or any agent of the Portfolio designated
in writing to the Underwriter by the Portfolio, shall be promptly advised by the
Underwriter of all purchase orders for shares received by the Underwriter. Any
order may be rejected by the Portfolio; provided, however, that the Portfolio
will not arbitrarily or without reasonable cause refuse to accept or confirm
orders for the purchase of shares. The Portfolio (or its agent) will confirm
orders upon their receipt, will make appropriate book entries and, upon receipt
by the Portfolio (or its agent) of payment thereof, will deliver deposit
receipts or certificates for such shares pursuant to the instructions of the
Underwriter. Payment shall be made to the Portfolio in New York Clearing House
funds. The Underwriter agrees to cause such payment and such instructions to be
delivered promptly to the Portfolio (or its agent).
Section 4. Repurchase or Redemption of Shares by the Fund.
(a) Any of the outstanding shares may be tendered for
redemption at any time, and the Fund agrees on behalf of each Portfolio to
redeem or repurchase the shares so tendered in accordance with its obligations
as set forth in Article V of its Articles of Incorporation and in accordance
with the applicable provisions set forth in the applicable Prospectus and
Statement of
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Additional Information. The price to be paid to redeem or repurchase the shares
shall be equal to the net asset value calculated in accordance with the
provisions of Section 3(d) hereof, less any applicable sales charge or
redemption fee. All payments by a Portfolio hereunder shall be made in the
manner set forth below. The redemption or repurchase by a Portfolio of any of
the Class A shares purchased by or through the Underwriter will not affect the
initial sales charge secured by the Underwriter or any selected dealer or
compensation paid to any selected agent (unless such selected dealer or selected
agent has otherwise agreed with the Underwriter), in the course of the original
sale, regardless of the length of the time period between purchase by an
investor and his tendering for redemption or repurchase.
A Portfolio (or its agent) shall pay the total amount of the
redemption price and, except as may be otherwise required by the Conduct Rules
of the National Association of Securities Dealers, Inc. (the "NASD") and any
interpretations thereof ("NASD rules and interpretations"), the deferred sales
charges, if any, pursuant to the instructions of the Underwriter in New York
Clearing House funds on or before the seventh business day subsequent to its
having received the notice of redemption in proper form.
(b) Redemption of shares or payment may be suspended at times
when the New York Stock Exchange is closed, when trading thereon is restricted,
when an emergency exists as a result of which disposal by a Portfolio of
securities owned by it is not reasonably practicable or it is not reasonably
practicable for the Portfolio fairly to determine the value of its net assets,
or during any other period when the Securities and Exchange Commission, by
order, so permits.
Section 5. Plan of Distribution.
(a) It is understood that Sections 5, 12 and 16 hereof
together constitute a plan of distribution (the "Plan") within the meaning of
Rule 12b-1 adopted by the Securities and Exchange Commission under the
Investment Company Act ("Rule 12b-1").
(b) Except as may be required by NASD rules and
interpretations, the Fund will pay to the Underwriter each month a distribution
services fee with respect to each Portfolio specified by the Fund's Directors
that will not exceed, on an annualized basis, .30% of the aggregate average
daily net assets of the Portfolio attributable to the Class A shares, 1.00% of
the aggregate average daily net assets of the Portfolio attributable to the
Class B shares and 1.00% of the aggregate average daily net assets of the
Portfolio attributable to the Class C shares. With respect to each Portfolio,
the distribution services fee will be used in its entirety by the Underwriter to
make payments (i) to compensate broker-dealers or other persons for providing
distribution assistance, (ii) to otherwise promote the sale of shares of the
Portfolio, including payment for the preparation, printing and distribution of
prospectuses and sales literature or other promotional activities, and (iii) to
compensate broker-dealers, depository institutions and other financial
intermediaries for providing administrative, accounting and other services with
respect to the Portfolio's shareholders. A portion of the distribution services
fee that will not exceed, on an annualized basis, .25% of the aggregate average
daily net assets of the Portfolio attributable to each of the Class A shares,
Class B shares and Class C shares will constitute a service fee that will be
used by the Underwriter for personal service and/or the maintenance of
shareholder accounts within the meaning of NASD rules and interpretations.
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(c) Alliance Capital Management L.P., each Portfolio's
investment adviser (the "Adviser"), may, with respect to any and all classes of
shares of the Fund, make payments from time to time from its own resources for
the purposes described in Section 5(b) hereof.
(d) Payments to broker-dealers, depository institutions and
other financial intermediaries for the purposes set forth in Section 5(b) are
subject to the terms and conditions of the respective written agreements between
the Underwriter and each broker-dealer, depository institution or other
financial intermediary. Such agreements will be in a form satisfactory to the
Directors of the Fund.
(e) The Treasurer of the Fund will prepare and furnish to the
Fund's Directors, and the Directors will review, at least quarterly, a written
report complying with the requirements of Rule 12b-1 setting forth all amounts
expended hereunder and the purposes for which such expenditures were made.
(f) A Portfolio is not obligated to pay any distribution
expenses in excess of the distribution services fee described above in Section
5(b) hereof. Any expenses of distribution of the Portfolio's Class A shares
accrued by the Underwriter in one fiscal year of the Portfolio may not be paid
from distribution services fees received from the Fund in respect of Class A
shares in another fiscal year. Any expenses of distribution of the Portfolio's
Class B shares or Class C shares accrued by the Underwriter in one fiscal year
of the Portfolio may be carried forward and paid from distribution services fees
received from the Portfolio in respect of such class of shares in another fiscal
year. No portion of the distribution services fees received from the Portfolio
in respect of Class A shares may be used to pay any interest expense, carrying
charges or other financing costs or allocation of overhead of the Underwriter.
The distribution services fees received from the Portfolio in respect of Class B
shares and Class C shares may be used to pay interest expenses, carrying charges
and other financing costs or allocation of overhead of the Underwriter to the
extent permitted by Securities and Exchange Commission rules, regulations or
Securities and Exchange Commission staff no-action or interpretative positions
in effect from time to time. In the event this Agreement is terminated by either
party or is not continued with respect to a class of shares as provided in
Section 12 below: (i) no distribution services fees (other than current amounts
accrued but not yet paid) will be owed by the Portfolio to the Underwriter with
respect to that class, and (ii) the Portfolio will not be obligated to pay the
Underwriter for any amounts expended hereunder not previously reimbursed by the
Portfolio from distribution services fees in respect of shares of such class or
recovered through deferred sales charges. The distribution services fee of a
particular class may not be used to subsidize the sale of shares of any other
class.
Section 6. Duties of the Fund and the Portfolios.
(a) The Fund shall furnish to the Underwriter copies of all
information, financial statements and other papers that the Underwriter may
reasonably request for use in connection with the distribution of shares of the
Fund, and this shall include one certified copy, upon request by the
Underwriter, of all financial statements prepared for each Portfolio by the
Portfolio's independent public accountants. The Fund shall make available to the
Underwriter such number of copies of the Prospectus and Statement of Additional
Information as the Underwriter shall reasonably request.
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(b) Each Portfolio shall take, from time to time, but subject
to any necessary approval of its shareholders, all necessary action to fix the
number of authorized shares and such steps as may be necessary to register the
same under the Securities Act, to the end that there will be available for sale
such number of shares as the Underwriter reasonably may be expected to sell.
(c) The Fund shall use its best efforts to qualify for sale
and maintain the qualification for sale of an appropriate number of its shares
under the securities laws of such states as the Underwriter and the Fund may
approve. Any such qualification may be withheld, terminated or withdrawn by the
Fund at any time in its discretion. As provided in Section 9(b) hereof, the
expense of qualification and maintenance of qualification shall be borne by the
Fund. The Underwriter shall furnish such information and other material relating
to its affairs and activities as may be required by the Fund in connection with
such qualification.
(d) The Fund will furnish, in reasonable quantities upon
request by the Underwriter, copies of annual and interim reports of each
Portfolio.
Section 7. Duties of the Underwriter.
(a) The Underwriter shall devote reasonable time and effort to
effect sales of shares of each Portfolio, but shall not be obligated to sell any
specific number of shares. The services hereunder of the Underwriter to the Fund
are not to be deemed exclusive as to the Underwriter and nothing in this
Agreement shall prevent the Underwriter from entering into like arrangements
with other investment companies so long as the performance of its obligations
hereunder is not impaired thereby.
(b) In selling shares of the Fund, the Underwriter shall use
its best efforts in all material respects duly to conform with the requirements
of all federal and state laws relating to the sale of such securities. Neither
the Underwriter, any selected dealer, any selected agent nor any other person is
authorized by the Fund to give any information or to make any representations,
other than those contained in the Fund's Registration Statement on Form N-1A
(the "Registration Statement"), as amended from time to time, under the
Securities Act and the Investment Company Act or the Prospectus and Statement of
Additional Information or in any sales literature specifically approved in
writing by the Fund.
(c) The Underwriter shall adopt and follow procedures, as
approved by the appropriate officers of the Fund, for the confirmation of sales
to investors and selected dealers, the collection of amounts payable by
investors and selected dealers on such sales, and the cancellation of unsettled
transactions, as may be necessary to comply with the requirements of the NASD,
as such requirements may from time to time exist.
Section 8. Selected Dealer and Agent Agreements.
(a) The Underwriter shall have the right to enter into
selected dealer agreements with securities dealers of its choice ("selected
dealers") and selected agent agreements with depository institutions and other
financial intermediaries of its choice ("selected agents") for the sale of
shares and fix therein the portion of the sales charge that may be allocated to
the selected dealers and selected agents; provided, that the Fund shall approve
the forms of
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agreements with selected dealers and selected agents and the selected dealer and
selected agent compensation set forth therein. Shares sold to selected dealers
or through selected agents shall be for resale by such selected dealers and for
sale through such selected agents only at the public offering price set forth in
the Prospectus and/or Statement of Additional Information.
(b) Within the United States, the Underwriter shall offer and
sell shares only to such selected dealers as are members in good standing of the
NASD.
Section 9. Payment of Expenses.
(a) Each Portfolio shall bear all costs and expenses of the
Portfolio, including fees and disbursements of its counsel and auditors, in
connection with the preparation and filing of the Fund's Registration Statement
and Prospectus and Statement of Additional Information, and all amendments and
supplements thereto, and preparing and mailing annual and interim reports and
proxy materials to shareholders (including but not limited to the expense of
printing any such registration statements, prospectuses, annual or interim
reports or proxy materials).
(b) Each Portfolio shall bear the cost of expenses of
qualification of shares for sale, and, if necessary or advisable in connection
therewith, of qualifying the Portfolio as an issuer or as a broker or dealer, in
such states of the United States or other jurisdiction as shall be selected by
the Fund and the Underwriter pursuant to Section 6(c) hereof and the cost and
expenses payable to each such state for continuing qualification therein until
the Fund decides to discontinue such qualification pursuant to Section 6(c)
hereof.
Section 10. Indemnification.
(a) The Fund shall indemnify, defend and hold the Underwriter,
and any person who controls the Underwriter within the meaning of Section 15 of
the Securities Act, free and harmless from and against any and all claims,
demands, liabilities and expenses (including the cost of investigating or
defending such claims, demands or liabilities and any counsel fees incurred in
connection therewith) which the Underwriter or any such controlling person may
incur, under the Securities Act, or under common law or otherwise, arising out
of or based upon any alleged untrue statement of a material fact contained in
the Fund's Registration Statement, Prospectus or Statement of Additional
Information in effect from time to time under the Securities Act or arising out
of or based upon any alleged omission to state a material fact required to be
stated in any one thereof or necessary to make the statements in any one thereof
not misleading; provided, however, that in no event shall anything herein
contained be so construed as to protect the Underwriter against any liability to
the Fund or its security holders to which the Underwriter would otherwise be
subject by reason of willful misfeasance, bad faith or gross negligence in the
performance of its duties, or by reason of the Underwriter's reckless disregard
of its obligations and duties under this Agreement. The Fund's agreement to
indemnify the Underwriter and any such controlling person as aforesaid is
expressly conditioned upon the Fund's being notified of the commencement of any
action brought against the Underwriter or any such controlling person, such
notification to be given by letter or by telegram addressed to the Fund at its
principal office in New York, New York, and sent to the Fund by the person
against whom such action is brought within ten days after the summons or other
first legal process shall have been served. The failure to so notify the Fund of
the commencement of any such action
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shall not relieve the Fund from any liability which it may have to the person
against whom such action is brought by reason of any such alleged untrue
statement or omission otherwise than on account of the indemnity agreement
contained in this Section 10. The Fund will be entitled to assume the defense of
any suit brought to enforce any such claim, and to retain counsel of good
standing chosen by the Fund and approved by the Underwriter. In the event the
Fund does not elect to assume the defense of any such suit and retain counsel of
good standing approved by the Underwriter, the defendant or defendants in such
suit shall bear the fees and expenses of any additional counsel retained by any
of them; but if the Fund does not elect to assume the defense of any such suit,
or in case the Underwriter does not approve of counsel chosen by the Fund, the
Fund will reimburse the Underwriter or the controlling person or persons named
as defendant or defendants in such suit, for the fees and expenses of any
counsel retained by the Underwriter or any such person. The indemnification
agreement contained in this Section 10 shall remain operative and in full force
and effect regardless of any investigation made by or on behalf of the
Underwriter or any controlling person and shall survive the sale of any of the
Fund's shares made pursuant to subscriptions obtained by the Underwriter. This
agreement of indemnity will inure exclusively to the benefit of the Underwriter,
to the benefit of its successors and assigns, and to the benefit of any
controlling persons and their successors and assigns. The Fund shall promptly
notify the Underwriter of the commencement of any litigation or proceeding
against the Fund in connection with the issue and sale of any of its shares.
(b) The Underwriter shall indemnify, defend and hold the Fund,
its several officers and Directors, and any person who controls the Fund within
the meaning of Section 15 of the Securities Act, free and harmless from and
against any and all claims, demands, liabilities, and expenses (including the
cost of investigating or defending such claims, demands or liabilities and any
counsel fees incurred in connection therewith) which the Fund, its officers or
Directors, or any such controlling person may incur under the Securities Act or
under common law or otherwise, but only to the extent that such liability, or
expense incurred by the Fund, its officers, Directors or such controlling person
resulting from such claims or demands shall arise out of or be based upon any
alleged untrue statement of a material fact contained in information furnished
in writing by the Underwriter to the Fund for use in its Registration Statement,
Prospectus or Statement of Additional Information in effect from time to time
under the Securities Act, or shall arise out of or be based upon any alleged
omission to state a material fact in connection with such information required
to be stated in the Registration Statement, Prospectus or Statement of
Additional Information or necessary to make such information not misleading. The
Underwriter's agreement to indemnify the Fund, its officers and Directors, and
any such controlling person as aforesaid is expressly conditioned upon the
Underwriter being notified of the commencement of any action brought against the
Fund, its officers or Directors or any such controlling person, such
notification to be given by letter or telegram addressed to the Underwriter at
its principal office in New York, and sent to the Underwriter by the person
against whom such action is brought, within ten days after the summons or other
first legal process shall have been served. The Underwriter shall have a right
to control the defense of such action, with counsel of its own choosing,
satisfactory to the Fund, if such action is based solely upon such alleged
misstatement or omission on its part, and in any other event the Underwriter and
the Fund, and their officers and Directors or such controlling person, shall
each have the right to participate in the defense or preparation of the defense
of any such action. The failure so to notify the Underwriter of the commencement
of any such action shall not relieve the Underwriter from any liability which it
may have to the Fund, to its officers and Directors, or to
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such controlling person by reason of any such untrue statement or omission on
the part of the Underwriter otherwise than on account of the indemnity agreement
contained in this Section 10.
Section 11. Notification by the Fund.
The Fund shall advise the Underwriter immediately:
(a) of any request by the Securities and Exchange Commission
for any amendment to the Fund's Registration Statement, Prospectus or Statement
of Additional Information or for additional information,
(b) in the event of the issuance by the Securities and
Exchange Commission of any stop order suspending the effectiveness of the Fund's
Registration Statement, Prospectus or Statement of Additional Information or the
initiation of any proceeding for that purpose,
(c) of the happening of any material event which makes untrue
any statement made in the Fund's Registration Statement, Prospectus or Statement
of Additional Information or which requires the making of a change in any one
thereof in order to make the statements therein not misleading, and
(d) of all actions of the Securities and Exchange Commission
with respect to any amendment to the Fund's Registration Statement, Prospectus
or Statement of Additional Information which may from time to time be filed with
the Securities and Exchange Commission under the Securities Act.
Section 12. Term of Agreement.
(a) This Agreement shall become effective on the date hereof
and shall continue in effect until February 1, 2003 and continue in effect
thereafter with respect to Class A, Class B and Class C shares of a Portfolio so
long as its continuance with respect to that class is specifically approved
annually by the Directors of the Fund or by vote of the holders of a majority of
the outstanding voting securities (as defined in the Investment Company Act) of
that class, and, in either case, by a majority of the Directors of the Fund who
are not parties to this Agreement or interested persons, as defined in the
Investment Company Act, of any such party (other than as Directors of the Fund)
and who have no direct or indirect financial interest in the operation of the
Plan or any agreement related thereto; provided, however, that if the
continuation of this Agreement is not approved as to a class or a Portfolio, the
Underwriter may continue to render to such class or Portfolio the services
described herein in the manner and to the extent permitted by the Act and the
rules and regulations thereunder. This Agreement may be terminated (i) by the
Fund with respect to any class or Portfolio at any time, without the payment of
any penalty, by the vote of a majority of the outstanding voting securities (as
so defined) of such class or Portfolio, or by a vote of a majority of the
Directors of the Fund who are not interested persons, as defined in the
Investment Company Act, of the Fund (other than as Directors of the Fund) and
have no direct and indirect financial interest in the operation of the Plan or
any agreement related thereto, in any such event on sixty days' written notice
to the Underwriter; provided, however, that no such notice shall be required if
such termination is
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stated by the Fund to relate only to Sections 5 and 16 hereof (in which event
Sections 5 and 16 shall be deemed to have been severed herefrom and all other
provisions of this Agreement shall continue in full force and effect), or (ii)
by the Underwriter with respect to any Portfolio on sixty days' written notice
to the Fund.
(b) This Agreement may be amended at any time with the
approval of the Directors of the Fund, provided that (i) any material amendments
of the terms hereof will become effective only upon approval as provided in the
first sentence of Section 12(a) hereof, and (ii) any amendment to increase
materially the amount to be expended for distribution services fees pursuant to
Section 5(b) hereof will be effective only upon the additional approval by a
vote of a majority of the outstanding voting securities as defined in the
Investment Company Act of the class affected.
Section 13. No Assignment. This Agreement may not be
transferred, assigned, sold or in any manner hypothecated or pledged by either
party hereto, and this Agreement shall terminate automatically in the event of
any such transfer, assignment, sale, hypothecation or pledge. The terms
"transfer", "assignment", and "sale" as used in this paragraph shall have the
meanings ascribed thereto by governing law and any interpretation thereof
contained in rules or regulations promulgated by the Securities and Exchange
Commission thereunder.
Section 14. Notices. Any notice required or permitted to be
given hereunder by either party to the other shall be deemed sufficiently given
if sent by registered mail, postage prepaid, addressed by the party giving such
notice to the other party at the last address furnished by such other party to
the party given notice, and unless and until changed pursuant to the foregoing
provisions hereof addressed to the Fund or the Underwriter.
Section 15. Governing Law. The provisions of this Agreement
shall be, to the extent applicable, construed and interpreted in accordance with
the laws of the State of New York.
Section 16. Disinterested Directors of the Fund. While this
Agreement is in effect, the selection and nomination of the Directors who are
not "interested persons" of the Fund (as defined in the Investment Company Act)
will be committed to the discretion of such disinterested Directors.
IN WITNESS WHEREOF, the parties hereto have executed this
Agreement.
Xxxxxxx X. Xxxxxxxxx Fund, Inc.
By: /s/ Xxxxxx X. Xxxxxx, Xx.
---------------------------------
ALLIANCE FUND DISTRIBUTORS, INC.
By: /s/ Xxxxxx X. Xxxxxx, Xx.
---------------------------------
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Accepted as to
Sections 5, 12 and 16
as of February 1, 2002:
ALLIANCE CAPITAL MANAGEMENT L.P.
By: Alliance Capital Management Corporation,
General Partner
By:
---------------------------------
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SCHEDULE I
New York Municipal Portfolio
----------------------------
Alliance Intermediate New York Municipal Class A shares
Alliance Intermediate New York Municipal Class B shares
Alliance Intermediate New York Municipal Class C shares
California Municipal Portfolio
----------------------------
Alliance Intermediate California Municipal Class A shares
Alliance Intermediate California Municipal Class B shares
Alliance Intermediate California Municipal Class C shares
Diversified Municipal Portfolio
----------------------------
Alliance Intermediate Diversified Municipal Class A shares
Alliance Intermediate Diversified Municipal Class B shares
Alliance Intermediate Diversified Municipal Class C shares
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