AllianceBernstein Global Health Care Fund

June-07

Exhibit 77E

Legal Proceedings

As has been previously reported, the staff of the U.S. Securities and Exchange

Commission (“SEC”) and the Office of the New York Attorney General

(“NYAG”) have been investigating practices in the mutual fund industry identified

as “market timing” and “late trading” of mutual fund shares. Certain other

regulatory authorities have also been conducting investigations into these practices

within the industry and have requested that the Adviser provide information

to them. The Adviser has been cooperating and will continue to cooperate with

all of these authorities. The shares of the Fund are not redeemable by the Fund,

but are traded on an exchange at prices established by the market. Accordingly,

the Fund and its shareholders are not subject to the market timing and late trading

practices that are the subject of the investigations mentioned above or the

lawsuits described below. Please see below for a description of the agreements

reached by the Adviser and the SEC and NYAG in connection with the investigations

mentioned above.

Numerous lawsuits have been filed against the Adviser and certain other defendants

in which plaintiffs make claims purportedly based on or related to the same

practices that are the subject of the SEC and NYAG investigations referred to

above. Some of these lawsuits name the Fund as a party. The lawsuits are now

pending in the United States District Court for the District of Maryland pursuant

to a ruling by the Judicial Panel on Multidistrict Litigation transferring and

centralizing all of the mutual funds involving market and late trading in the District

of Maryland (the “Mutual Fund MDL”). Management of the Adviser

believes that these private lawsuits are not likely to have a material adverse effect

on the results of operations or financial condition of the Fund.

The shares of the Fund are not redeemable by the Fund, but are traded on an

exchange at prices established by the market. Accordingly, the Fund and its

shareholders are not subject to the market timing practices described in the SEC

Order and are not expected to participate in the Reimbursement Fund. Since the

Fund is a closed-end fund, it did not have its advisory fee reduced pursuant to

the terms of the agreements mentioned above.

On April 11, 2005, a complaint entitled The Attorney General of the State of West

Virginia v. AIM Advisors, Inc., et al. (“WVAG Complaint”) was filed against the

Adviser, Alliance Capital Management Holding L.P. (“Alliance Holding”), and

Various unaffiliated defendants.  The WVAG Complaint was filed in the Circuit

Court of Marshall County, West Virginia by the Attorney General of the State of

West Virginia. The WVAG Complaint makes factual allegations generally similar

to those in certain of the complaints related to the lawsuits discussed above. On

October 19, 2005, the WVAG Complaint was transferred to the Mutual Fund

MDL. On August 30, 2005, the West Virginia Securities Commissioner signed a

Summary Order to Cease and Desist, and Notice of Right to Hearing addressed

to the Adviser and Alliance Holding. The Summary Order claims that the

Adviser and Alliance Holding violated the West Virginia Uniform Securities Act,

and makes factual allegations generally similar to those in the SEC Order and the

NYAG Order. On January 25, 2006, the Adviser and Alliance Holding moved

to vacate the Summary Order. In early September 2006, the court denied this

motion, and the Supreme Court of Appeals in West Virginia denied the defendants’

petition for appeal. On September 22, 2006, the Adviser and Alliance

Holding filed an answer and moved to dismiss the Summary Order with the

West Virginia Securities Commissioner.

The Adviser believes that these matters are not likely to have a material adverse

effect on the Fund or the Adviser’s ability to perform advisory services relating to

the Fund.