[Federal Register Volume 61, Number 203 (Friday, October 18, 1996)]
[Notices]
[Pages 54468-54469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26786]


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SECURITIES AND EXCHANGE COMMISSION
[Investment Company Act Release No. 22281; 811-6207]

Alliance Multi-Market Income Trust, Inc.; Notice of Application
October 11, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of Application for an Order under the Investment Company 
Act of 1940 (the ``Act'').

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APPLICANT: Alliance Multi-Market Income Trust, Inc.

RELEVANT ACT SECTIONS: Section 8(f).

SUMMARY OF APPLICATION: Applicant seeks an order declaring that it has 
ceased to be an investment company.

FILING DATES: The application was filed on July 26, 1996 and amended on 
October 10, 1996.

HEARING OR NOTIFICATION OF HEARING: An order granting the application 
will be issued unless the SEC orders a hearing.

[[Page 54469]]

Interested persons may request a hearing by writing to the SEC's 
Secretary and serving applicants with a copy of the request, personally 
or by mail. Hearing requests should be received by the SEC by 5:30 p.m. 
on November 5, 1996, and should be accompanied by proof of service on 
applicants, in the form of an affidavit, or, for lawyers, a certificate 
of service. Hearing requests should state the nature of the writer's 
interest, the reason for the request, and the issues contested. Persons 
may request notification of a hearing by writing to the SEC's 
Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth Street, N.W., Washington, D.C. 
20549. Applicant, 1345 Avenue of the Americas, New York, New York 
10105.

FOR FURTHER INFORMATION CONTACT:
Elaine M. Boggs, Staff Attorney, at (202) 942-0572, or Alison E. Baur, 
Branch Chief, at (202) 942-0564 (Division of Investment Management, 
Office of Investment Company Regulation).

SUPPLEMENTARY INFORMATION: The following is a summary of the 
application. The complete application may be obtained for a fee from 
the SEC's Public Reference Branch.
Applicant's Representations
    1. Applicant is an open-end management investment company that is 
organized as a corporation under the laws of Maryland. Applicant 
registered under the Act and filed a registration statement on Form N-
1A on October 31, 1990. Applicant's registration statement was declared 
effective on December 11, 1990, and applicant commenced a public 
offering of its shares shortly thereafter.
    2. On June 14, 1994, applicant's board of directors considered and 
approved a sale of substantially all of the assets and liabilities of 
applicant to the Alliance World Income Trust, Inc. (the ``Acquiring 
Fund''), a registered open-end investment company. The board of 
directors made the findings required by rule 17a-8 under the Act, i.e., 
that the reorganization was in the best interest of applicant and that 
there would be no dilution, by virtue of the proposed exchange, in the 
value of shares held at that time by applicant's shareholders.\1\ In 
determining that applicant should enter into the reorganization, the 
directors considered, among other things, the investment objectives, 
policies, and restrictions of applicant and the Acquiring Fund.
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    \1\ Rule 17a-8 provides an exemption from section 17(a) for 
certain reorganizations among registered investment companies that 
may be affiliated persona, or affiliated persons of an affiliated 
person, solely by reason of having a common investment adviser, 
common directors, and/or common officers.
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    3. On June 24, 1994, a proxy statement was filed with the SEC and 
applicant mailed proxy materials to its shareholders approximately a 
month later. On September 1, 1994, applicant's shareholders approved 
the reorganization.
    4. On September 1, 1994, applicant transferred its assets and 
liabilities to the Acquiring Fund in exchange for shares of the 
Acquiring Fund on the basis of the relative net asset values per share 
of applicant and the Acquiring Fund. The shares of the Acquiring Fund 
received by applicant were distributed to the holders of applicant's 
shares based on the relative net asset values per share of the two 
funds.
    5. The expenses incurred in connection with the reorganization were 
paid by Alliance Capital Management L.P., applicant's investment 
adviser. No brokerage fees were paid in connection with the 
reorganization.
    6. Subsequent to the filing of the Form N-8F, applicant will 
dissolve under the laws of Maryland.
    7. There are no securityholders to whom distributions in complete 
liquidation of their interests have not been made. Applicant has 
retained no assets. Applicant has no debts or other liabilities that 
remain outstanding. Applicant is not a party to any litigation or 
administrative proceeding.
    8. Applicant is not now engaged, nor does it propose to engage, in 
any business activities other than those necessary for the winding up 
of its affairs.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-26786 Filed 10-17-96; 8:45 am]
BILLING CODE 8010-01-M