-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mhw2bqsEc6wM8nfrCwneGUuSDveN0H2KljtP4/+s8cPry/BUmJbCKUtbd6k5iodD P13D9BHFysA+kxVQDEi3Lw== 0000917713-00-000001.txt : 20000203 0000917713-00-000001.hdr.sgml : 20000203 ACCESSION NUMBER: 0000917713-00-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 19991130 FILED AS OF DATE: 20000127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCE TECHNOLOGY FUND INC CENTRAL INDEX KEY: 0000350181 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133056623 STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-03131 FILM NUMBER: 514264 BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2013194105 MAIL ADDRESS: STREET 1: 500 PLAZA DRIVE STREET 2: 1345 AVENUE OF THE AMERICAS 31ST FL CITY: SECAUCUS STATE: NJ ZIP: 07094 NSAR-B 1 PAGE 1 000 B000000 11/30/1999 000 C000000 0000350181 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 ALLIANCE TECHNOLOGY FUND, INC. 001 B000000 811-03131 001 C000000 2013194105 002 A000000 500 PLAZA DRIVE 002 B000000 SECAUCUS 002 C000000 NJ 002 D010000 07094 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 ALLIANCE CAPITAL MANAGEMENT L.P. 008 B000001 A 008 C000001 801-32361 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10105 011 A000001 ALLIANCE FUND DISTRIBUTORS, INC. 011 B000001 8-30851 011 C010001 NEW YORK 011 C020001 NY 011 C030001 10105 012 A000001 ALLIANCE FUND SERVICES, INC. 012 B000001 84-0001187 012 C010001 SECAUCUS 012 C020001 NJ 012 C030001 07096 013 A000001 ERNST & YOUNG LLP 013 B010001 NEW YORK 013 B020001 NY PAGE 2 013 B030001 10019 014 A000001 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP. 014 B000001 8-00017574 015 A000001 STATE STREET BANK AND TRUST CO. 015 B000001 S 015 C010001 BOSTON 015 C020001 MA 015 C030001 02110 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 51 019 C000000 ALLIANCECA 020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 020 B000001 13-5674085 020 C000001 821 020 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP. 020 B000002 13-2741729 020 C000002 375 020 A000003 GOLDMAN, SACHS & CO. 020 B000003 13-5108880 020 C000003 331 020 A000004 BANC AMERICA SECURITY LLC 020 C000004 307 020 A000005 MORGAN STANLEY & CO., INC. 020 B000005 13-2655998 020 C000005 290 020 A000006 PRUDENTIAL SECURITIES, INC. 020 B000006 22-2347336 020 C000006 273 020 A000007 MORGAN (J.P.) SECURITIES, INC. 020 B000007 13-3224016 020 C000007 246 020 A000008 SALOMON SMITH BARNEY, INC. 020 B000008 13-1912900 020 C000008 227 020 A000009 LEHMAN BROTHERS, INC. 020 B000009 13-2518466 020 C000009 220 020 A000010 CREDIT SUISSE FIRST BOSTON CORP. 020 B000010 13-5659485 020 C000010 212 021 000000 4304 022 A000001 STATE STREET BANK & TRUST CO. 022 B000001 04-1867445 022 C000001 64451748 022 D000001 0 022 A000002 PRUDENTIAL FUNDING CORP. 022 C000002 2615888 022 D000002 59835 022 A000003 FORD MOTOR CREDIT CO. PAGE 3 022 C000003 1360296 022 D000003 14678 022 A000004 AMERICAN EXPRESS CREDIT CORP. 022 C000004 970088 022 D000004 0 022 A000005 MORGAN (J.P.) SECURITIES, INC. 022 B000005 13-3224016 022 C000005 690222 022 D000005 24378 022 A000006 GENERAL ELECTRIC CAP CORP. 022 C000006 570336 022 D000006 8288 022 A000007 GOLDMAN, SACHS & CO. 022 B000007 13-5108880 022 C000007 437295 022 D000007 58230 022 A000008 BANC AMERICA SECURITY LLC 022 C000008 167313 022 D000008 130017 022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. 022 B000009 13-5674085 022 C000009 114567 022 D000009 82105 022 A000010 MORGAN STANLEY & CO., INC. 022 B000010 13-2655998 022 C000010 115585 022 D000010 77603 023 C000000 72001614 023 D000000 848351 024 000000 N 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 Y 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 Y 027 000000 Y 028 A010000 609623 028 A020000 2 028 A030000 0 PAGE 4 028 A040000 473056 028 B010000 650223 028 B020000 9 028 B030000 0 028 B040000 575232 028 C010000 607732 028 C020000 1 028 C030000 0 028 C040000 468628 028 D010000 892414 028 D020000 1 028 D030000 0 028 D040000 708738 028 E010000 800927 028 E020000 1 028 E030000 0 028 E040000 522091 028 F010000 924521 028 F020000 7 028 F030000 0 028 F040000 683715 028 G010000 4485440 028 G020000 21 028 G030000 0 028 G040000 3431460 028 H000000 2638735 029 000000 Y 030 A000000 27471 030 B000000 4.25 030 C000000 4.25 031 A000000 1411 031 B000000 0 032 000000 26060 033 000000 0 034 000000 Y 035 000000 3624 036 A000000 Y 036 B000000 0 037 000000 N 038 000000 0 039 000000 N 040 000000 Y 041 000000 Y 042 A000000 0 042 B000000 0 042 C000000 100 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 PAGE 5 043 000000 35177 044 000000 3020 045 000000 Y 046 000000 N 047 000000 Y 048 000000 1.000 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 N 052 000000 N 053 A000000 N 054 A000000 Y 054 B000000 Y 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 Y 054 H000000 N 054 I000000 N 054 J000000 N 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 N 055 B000000 N 056 000000 Y PAGE 6 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 250 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 N 066 D000000 Y 066 E000000 N 066 F000000 N 066 G000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 N 070 E020000 N 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N PAGE 7 070 H010000 Y 070 H020000 N 070 I010000 Y 070 I020000 N 070 J010000 Y 070 J020000 N 070 K010000 N 070 K020000 N 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 N 070 N010000 N 070 N020000 N 070 O010000 N 070 O020000 N 070 P010000 N 070 P020000 N 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 3877665 071 B000000 2352462 071 C000000 4374852 071 D000000 54 072 A000000 12 072 B000000 21551 072 C000000 5046 072 D000000 0 072 E000000 0 072 F000000 52869 072 G000000 128 072 H000000 0 072 I000000 10024 072 J000000 360 072 K000000 0 072 L000000 1783 072 M000000 105 072 N000000 851 072 O000000 311 072 P000000 0 072 Q000000 0 072 R000000 81 072 S000000 71 072 T000000 35177 072 U000000 0 072 V000000 0 072 W000000 137 072 X000000 101897 072 Y000000 539 PAGE 8 072 Z000000 -74761 072AA000000 347003 072BB000000 0 072CC010000 2306751 072CC020000 0 072DD010000 0 072DD020000 0 072EE000000 218803 073 A010000 0.0000 073 A020000 0.0000 073 B000000 5.1700 073 C000000 0.0000 074 A000000 0 074 B000000 0 074 C000000 843686 074 D000000 0 074 E000000 0 074 F000000 6764223 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 32896 074 K000000 0 074 L000000 63071 074 M000000 1 074 N000000 7703877 074 O000000 314962 074 P000000 20400 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 40760 074 S000000 0 074 T000000 7327755 074 U010000 19443 074 U020000 48625 074 V010000 111.46 074 V020000 105.73 074 W000000 0.0000 074 X000000 413157 074 Y000000 0 075 A000000 0 075 B000000 4799281 076 000000 0.00 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N PAGE 9 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 Y 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI MUTUAL INSURANCE CO. 080 B000000 GULF INSURANCE COMPANY, CHUBB 080 C000000 83000 081 A000000 Y 081 B000000 105 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE JOSEPH REZABEK TITLE ASST.VICE PRESIDENT EX-27 2 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000350181 ALLIANCE TECHNOLOGY FUND, INC. 001 ALLIANCE TECHNOLOGY FUND, INC. 12-MOS NOV-30-1999 DEC-01-1998 NOV-30-1999 4,364,490,965 7,607,909,052 95,966,981 610 0 7,703,876,643 314,962,350 0 61,159,129 376,121,479 680,685 3,814,923,032 19,443,359 12,021,759 0 0 268,733,360 0 3,243,418,087 7,327,755,164 5,045,720 21,551,153 0 (101,357,388) (74,760,515) 347,003,054 2,306,750,853 2,578,993,392 0 0 (62,357,963) 0 48,337,070 (41,734,391) 818,921 4,510,926,480 0 215,294,299 0 0 52,869,000 0 101,897,000 1,424,448,185 68.60 (0.99) 49.02 0.00 (5.17) 0.00 111.46 1.66 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-27 3 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000350181 ALLIANCE TECHNOLOGY FUND, INC. 002 ALLIANCE TECHNOLOGY FUND, INC. 12-MOS NOV-30-1999 DEC-01-1998 NOV-30-1999 4,364,490,965 7,607,909,052 95,966,981 610 0 7,703,876,643 314,962,350 0 61,159,129 376,121,479 680,685 3,814,923,032 37,101,760 22,669,099 0 0 268,733,360 0 3,243,418,087 7,327,755,164 5,045,720 21,551,153 0 (101,357,388) (74,760,515) 347,003,054 2,306,750,853 2,578,993,392 0 0 (117,727,553) 0 17,813,433 (5,040,649) 1,659,877 4,510,926,480 0 215,294,299 0 0 52,869,000 0 101,897,000 2,541,684,188 65.75 (1.54) 46.69 0.00 (5.17) 0.00 105.73 2.38 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-27 4 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000350181 ALLIANCE TECHNOLOGY FUND, INC. 003 ALLIANCE TECHNOLOGY FUND, INC. 12-MOS NOV-30-1999 DEC-01-1998 NOV-30-1999 4,364,490,965 7,607,909,052 95,966,981 610 0 7,703,876,643 314,962,350 0 61,159,129 376,121,479 680,685 3,814,923,032 8,588,707 4,127,242 0 0 268,733,360 0 3,243,418,087 7,327,755,164 5,045,720 21,551,153 0 (101,357,388) (74,760,515) 347,003,054 2,306,750,853 2,578,993,392 0 0 (21,549,871) 0 16,762,551 (12,607,292) 306,206 4,510,926,480 0 215,294,299 0 0 52,869,000 0 101,897,000 548,679,703 65.74 (1.57) 46.69 0.00 (5.17) 0.00 105.69 2.40 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-27 5 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000350181 ALLIANCE TECHNOLOGY FUND, INC. 004 ALLIANCE TECHNOLOGY FUND, INC. 12-MOS NOV-30-1999 DEC-01-1998 NOV-30-1999 4,364,490,965 7,607,909,052 95,966,981 610 0 7,703,876,643 314,962,350 0 61,159,129 376,121,479 680,685 3,814,923,032 2,934,706 3,335,647 0 0 268,733,360 0 3,243,418,087 7,327,755,164 5,045,720 21,551,153 0 (101,357,388) (74,760,515) 347,003,054 2,306,750,853 2,578,993,392 0 0 (17,168,091) 0 4,254,845 (4,898,671) 242,885 4,510,926,480 0 215,294,299 0 0 52,869,000 0 101,897,000 289,862,091 69.04 (0.68) 49.40 0.00 (5.17) 0.00 112.59 1.34 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-99 6 [DESCRIPTION]Report of 10f-3 Transactions Securities Purchased in Underwritings Involving Transactions with Donaldson, Lufkin, & Jenrette Securities Corporation Subject to Rule 10f-3 Under the Investment Company Act of 1940 ALLIANCE TECHNOLOGY FUND 10f-3 TRANSACTIONS FOR THE PERIOD JUNE 1, 1999 THROUGH AUGUST 31, 1999
Total % of Shares Shares Offering Shares Date Shares Price per Purchased byOffered Purchased Purchased Held Security* Purchased Purchased Share Fund Group (000) By Group From 08/31/99 Globespan Inc. 06/23/99 33,600 $15.00 47,400 3,250 1.46% SG Cowen Securities 0 Internet .Com Corp. 06/25/99 53,300 $14.00 81,800 3,400 2.41% Piper Jaffray 0 Persistence Software Inc. 06/25/99 16,400 $11.00 25,100 3,000 0.84% BancBoston Robertson 0 E-Loan Inc. 06/28/99 14,900 $14.00 22,700 3,500 0.65% Goldman Sachs 0 Network Plus Corp. 06/29/99 186,300 $16.00 283,200 8,000 3.54% Goldman Sachs 0 Commerce One Inc. 07/01/99 38,400 $21.00 59,000 3,300 1.79% CS First Boston 0 Liquid Audio Inc. 07/08/99 27,500 $15.00 32,000 4,200 0.76% Lehman Brothers 0 National Information 07/15/99 146,500 $12.00 211,500 13,000 1.63% Lewco Secs Agent 0 Engage Technologies Inc. 07/19/99 41,400 $15.00 63,000 6,000 1.05% Goldman Sachs 0 Insweb Corp. 07/22/99 47,700 $17.00 72,800 5,000 1.46% Goldman Sachs 0 Focal Communications Corp. 07/27/99 150,700 $13.00 235,600 9,950 2.37% Salomon Smith Barney 0 Liberate Technologies 07/27/99 45,500 $16.00 70,700 6,250 1.13% CS First Boston Corp. 0 Digex Inc. 07/29/99 87,300 $17.00 135,600 10,000 1.36% Bear Stearns 0 Net2Phone 07/29/99 27,400 $15.00 41,900 5,400 0.78% Lewco Secs Agent 0 1-800 Flowers.com, Inc. 08/02/99 21,900 $21.00 33,700 6,000 0.56% Goldman Sachs 0 Homestore.com 08/04/99 105,100 $20.00 157,400 7,000 2.25% Morgan Stanley 105,100 Agile Software Corp. 08/19/99 8,500 $21.00 13,000 3,000 0.43% Morgan Stanley 0
10f-3 TRANSACTIONS FOR THE PERIOD SEPTEMBER 1, 1999 THROUGH NOVEMBER 30, 1999
Total Date Shares Price per Purchased byIssued Purchased Held Security* Purchased Purchased Share Fund Group (000) By Group Broker(s) 11/30/99 Trintech Group PLC 09/23/99 35,500 $11.55 47,300 5,800 0.82% DB Clearing Services 0 Foundary Networks 09/28/99 57,300 $25.00 83,500 5,000 1.67% DB Clearing Services 0 Telemate.Net Software, Inc.09/29/99 17,800 $14.00 23,700 3,500 0.68% Soundview Technology 0 Internap Network Services C09/29/99 77,200 $20.00 112,200 8,700 1.29% Morgan Stanley & Co. 0 DII Group, Inc. 09/29/99 490,500 $33.00 669,800 6,000 11.16% Salomon Smith Barney 548,900 Illuminet Holdings Inc. 10/07/99 16,800 $19.00 22,500 3,900 0.58% Morgan Stanley & Co. 0 Crossroads Systems 10/19/99 1,200 $18.00 9,500 3,500 0.27% Dain Rauchser Securitie0 Crossroads Systems 10/19/99 5,400 $18.00 9,500 3,500 0.27% SG Cowen Securities 0 Aether Systems Inc 10/20/99 62,800 $16.00 89,400 6,000 1.49% Merrill Lynch Pierce 0 MCK Communicatons 10/22/99 22,500 $16.00 23,300 3,400 0.69% BancBoston Robertson 0 Flextronics International 10/25/99 811,200 $67.69 903,600 5,000 18.07% Banc America Securities811,200 Predictive Systems Inc. 10/27/99 22,200 $18.00 31,300 4,000 0.78% BancBoston Robertson 0 Akamai Technologies 10/28/99 1,000 $26.00 1,000 8,000 0.01% Thomas Weisel Partn. 0 Expedia, Inc. 11/09/99 2,300 $14.00 8,300 5,200 0.16% Goldman Sachs 0 Metasolv Software 11/17/99 6,100 $19.00 18,300 5,000 0.37% Morgan Stanley & Co. 0 IXL Enterprises, Inc. 11/18/99 363,200 $37.00 378,200 7,000 5.40% Merrill Lynch Pierce 545,500 Exactis.com 11/19/99 2,600 $14.00 7,900 3,800 0.21% Thomas Weisel Partn. 0 Mediaplex 11/19/99 7,900 $12.00 21,400 6,000 0.36% Lehman Brothers 0 Deltathree.com 11/22/99 4,500 $15.00 13,800 6,000 0.23% Lehman Brothers 0 Smarterkids.com 11/23/99 1,000 $14.00 3,100 4,500 0.07% Lewco Secs Agent 0 The Management Network Grou11/23/99 6,600 $17.00 20,000 4,615 0.43% Lewco Secs Agent 0
* Unless otherwise indicated, the securities were part of an issue registered under the Securities Act of 1933 and offered to the public. **Indicates the puchase of an Eligible Rule 144A Security. 1) Purchases by all Alliance Funds, including the Fund, may not exceed: (a) if purchased in an offering other than an Eligible Rule 144A Offering, 25% of the principal amount of the offering of such class; or (b) if purchased in an Eligible Rule 144A Offering, 25% of the total of (i) the principal amount of the offering of such class sold by underwriters or members of the selling syndicate to qualified institutional buyers, plus (ii) the principal amount of the offering of such class in any concurrent public offering.
EX-99 7 Report of Independent Auditors To the Shareholders and Board of Directors of Alliance Technology Fund, Inc. In planning and performing our audit of the financial statements of Alliance Technology Fund, Inc. for the year ended November 30, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of Alliance Technology Fund, Inc. is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above at November 30, 1999. This report is intended solely for the information and use of management, the Board of Directors of Alliance Technology Fund, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. ERNST & YOUNG LLP January 6, 2000
-----END PRIVACY-ENHANCED MESSAGE-----