UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-08201

ALLIANCEBERNSTEIN GREATER CHINA ‘97 FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: July 31, 2010

Date of reporting period: April 30, 2010

ITEM 1. SCHEDULE OF INVESTMENTS.

AllianceBernstein Greater China ‘97 Fund

Portfolio of Investments

April 30, 2010 (unaudited)

Company	Shares	U.S. $ Value
COMMON STOCKS - 99.7%
Financials - 32.8%
Capital Markets - 0.8%
Yuanta Financial Holding Co., Ltd.	829,000	$	494,285
Commercial Banks - 14.3%
Bank of Communications Co., Ltd.	476,000		542,121
BOC Hong Kong Holdings Ltd.	888,000		2,129,728
China Construction Bank Corp.-Class H	2,560,000		2,082,144
Industrial & Commercial Bank of China-Class H	4,683,000		3,413,193
Standard Chartered PLC	45,450		1,225,129
			9,392,315
Diversified Financial Services - 1.6%
Hong Kong Exchanges and Clearing Ltd.	62,500		1,022,145
Insurance - 7.0%
Cathay Financial Holding Co., Ltd. (a)	1,010,000		1,616,040
China Life Insurance Co., Ltd.-Class H	654,000		3,007,129
			4,623,169
Real Estate Management & Development - 9.1%
Cheung Kong Holdings Ltd.	70,000		862,785
China Overseas Land & Investment Ltd.	243,920		475,479
Guangzhou R&F Properties Co., Ltd.	765,600		1,000,132
Longfor Properties Co., Ltd. (a)	295,500		293,109
Sun Hung Kai Properties Ltd.	163,000		2,257,780
Wharf Holdings Ltd.	201,000		1,089,619
			5,978,904
			21,510,818
Information Technology - 23.9%
Communications Equipment - 1.5%
AAC Acoustic Technologies Holdings, Inc.	232,000		381,581
ZTE Corp.-Class H	166,000		595,711
			977,292
Computers & Peripherals - 3.9%
Asustek Computer, Inc.	833,000		1,606,210
Compal Electronics, Inc.	689,000		957,561
			2,563,771
Electronic Equipment, Instruments & Components - 7.0%
Chi Mei Innolux Corp.	903,121		1,318,429
Chroma ATE, Inc.	157,000		336,001
Hon Hai Precision Industry Co., Ltd.	369,056		1,732,544
Kingboard Chemical Holdings Ltd.	72,000		387,829
Unimicron Technology Corp.	533,000		800,777
			4,575,580
Internet Software & Services - 3.9%
Baidu, Inc. (Sponsored ADR) (a)	1,200		827,160
Tencent Holdings Ltd.	85,400		1,763,922
			2,591,082
Semiconductors & Semiconductor Equipment - 7.6%
Novatek Microelectronics Corp. Ltd.	123,000		421,610
Powertech Technology, Inc.	97,000		345,995
Taiwan Semiconductor Manufacturing Co., Ltd.	1,171,714		2,293,162
United Microelectronics Corp. (a)	3,788,000		1,905,813
			4,966,580
			15,674,305

Consumer Discretionary - 9.9%
Automobiles - 1.5%
Great Wall Motor Co., Ltd.-Class H	547,000	998,053
Distributors - 0.5%
Li & Fung Ltd.	68,000	326,532
Hotels, Restaurants & Leisure - 2.8%
Ctrip.com International Ltd. (ADR) (a)	28,500	1,040,820
Sands China Ltd. (a)	504,400	817,549
		1,858,369
Household Durables - 0.6%
Techtronic Industries Co.	381,500	396,427
Specialty Retail - 3.7%
Belle International Holdings Ltd.	875,000	1,197,592
Esprit Holdings Ltd.	49,900	357,761
Man Wah Holdings Ltd.	268,800	240,267
Zhongsheng Group Holdings Ltd. (a)	461,000	641,255
		2,436,875
Textiles, Apparel & Luxury Goods - 0.8%
Trinity Ltd.	698,000	491,845
		6,508,101
Energy - 9.5%
Oil, Gas & Consumable Fuels - 9.5%
China Shenhua Energy Co., Ltd.-Class H	358,000	1,536,221
CNOOC Ltd.	2,340,000	4,110,046
PetroChina Co., Ltd.-Class H	480,000	552,751
		6,199,018
Industrials - 8.7%
Airlines - 1.2%
Air China Ltd. (a)	734,000	810,152
Electrical Equipment - 2.4%
China High Speed Transmission Equipment Group Co., Ltd.	152,000	359,841
Trina Solar Ltd. (Sponsored ADR) (a)	45,900	1,187,433
		1,547,274
Industrial Conglomerates - 1.4%
Beijing Enterprises Holdings Ltd.	147,500	954,049
Machinery - 0.5%
Weichai Power Co., Ltd.	43,000	352,988
Marine - 1.9%
China Shipping Development Co., Ltd.-Class H (a)	214,000	319,463
Evergreen Marine Corp. Taiwan Ltd. (a)	588,000	375,895
Orient Overseas International Ltd. (a)	69,000	522,589
		1,217,947
Transportation Infrastructure - 1.3%
China Merchants Holdings International Co., Ltd.	246,000	854,557
		5,736,967

Telecommunication Services - 4.5%
Wireless Telecommunication Services - 4.5%
China Mobile Ltd.	300,500	2,945,416
Consumer Staples - 3.7%
Food Products - 3.6%
Ausnutria Dairy Corp. Ltd. (a)	255,000	178,299
China Mengniu Dairy Co., Ltd. (a)	265,000	794,955
China Yurun Food Group Ltd.	282,000	860,523
Shenguan Holdings Group Ltd.	352,000	325,915
Wilmar International Ltd.	41,000	205,863
		2,365,555
Personal Products - 0.1%
L’Occitane International (a)	39,000	64,697
		2,430,252
Materials - 2.8%
Construction Materials - 0.4%
China Resources Cement Holdings Ltd. (a)	574,000	261,093
Metals & Mining - 2.4%
Angang Steel Co., Ltd.-Class H	458,000	706,463
Jiangxi Copper Co., Ltd.-Class H	261,000	547,441
Zijin Mining Group Co., Ltd.	374,000	290,519
		1,544,423
		1,805,516
Utilities - 2.2%
Gas Utilities - 1.2%
Xinao Gas Holdings Ltd.	254,000	768,159
Independent Power Producers & Energy Traders - 1.0%
China Resources Power Holdings Co., Ltd.	320,000	651,174
		1,419,333
Health Care - 1.7%
Health Care Equipment & Supplies - 1.2%
Shandong Weigao Group Medical Polymer Co., Ltd.-Class H	176,000	828,306
Pharmaceuticals - 0.5%
China Shineway Pharmaceutical Group Ltd.	102,000	312,031
		1,140,337
Total Common Stocks (cost $46,279,748)		65,370,063
WARRANTS - 0.0%
Information Technology - 0.0%
Kingboard Chemical Holdings Ltd., expiring 10/31/12 (a) (cost $545)	7,200	2,133
SHORT-TERM INVESTMENTS - 0.0%
Investment Companies - 0.0%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.15% (b) (cost $18,577)	18,577	18,577

Total Investments - 99.7% (cost $46,298,870) (c)		65,390,773
Other assets less liabilities - 0.3%		197,202
Net Assets - 100.0%	$	65,587,975

(a) Non-income producing security.

(b) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(c) As of April 30, 2010, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $19,974,350 and gross unrealized depreciation of investments was $(882,447), resulting in net unrealized appreciation of $19,091,903.

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the Broad Market.

Glossary:

ADR - American Depositary Receipt

Country Breakdown *

April 30, 2010 (unaudited)

Summary

58.7%	China
21.7%	Taiwan
17.3%	Hong Kong
1.9%	United Kingdom
0.3%	Singapore
0.1%	Luxembourg
0.0%	Short-Term Investments
100.0%	Total Investments

* All data are as of April 30, 2010. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time.

AllianceBernstein Greater China ‘97 Fund

April 30, 2010 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The U.S GAAP disclosure requirements establish a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1—quoted prices in active markets for identical investments

• Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of April 30, 2010:

Investments in Securities

Level 1

Level 2

Level 3

Total

Common Stocks

Financials

$

3,007,128

$

18,503,690

$

– 0

–

$

21,510,818

Information Technology

827,160

14,847,145

– 0

–

15,674,305

Consumer Discretionary

1,922,342

4,585,759

– 0

–

6,508,101

Energy

-0-

6,199,018

– 0

–

6,199,018

Industrials

1,187,433

4,549,534

– 0

–

5,736,967

Telecommunication Services

– 0

–

2,945,416

– 0

–

2,945,416

Consumer Staples

– 0

–

2,430,252

– 0

–

2,430,252

Materials

– 0

–

1,805,516

– 0

–

1,805,516

Utilities

– 0

–

1,419,333

– 0

–

1,419,333

Health Care

– 0

–

1,140,337

– 0

–

1,140,337

Warrants

– 0

–

– 0

–

2,133

2,133

Short-Term-Investments

18,577

– 0

–

– 0

–

18,577

Total Investments in Securities

6,962,640

58,426,000

†

2,133

65,390,773

Other Financial Instruments*

– 0

–

– 0

–

– 0

–

– 0

–

Total

$

6,962,640

$

58,426,000

$

2,133

$

65,390,773

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

† The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred between the close of the foreign markets and the time at which the Fund values its securities which may materially affect the value of securities trading in such markets. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

	Warrants
Balance as of 7/31/09	$	– 0	–
Accrued discounts/premiums		– 0	–
Realized gain (loss)		– 0	–
Change in unrealized appreciation/depreciation		1,587
Net purchases (sales)		546
Net transfers in and/or out of Level 3		– 0	–
Balance as of 4/30/10	$	2,133
Net change in unrealized appreciation/depreciation from investments held as of 4/30/10	$	1,587

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
3 (a) (1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Greater China ‘97 Fund, Inc.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	June 21, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	June 21, 2010
By:	/s/    Joseph J. Mantineo
	Joseph J. Mantineo
	Treasurer and Chief Financial Officer
Date:	June 21, 2010