SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 9)

ACM Managed Income Fund, Inc. (AMF)
(Name of Issuer)

Common Stock
(Title of Class of Securities)

000919100
(CUSIP Number)

George W. Karpus, President
Karpus Management, Inc.,
d/b/a Karpus Investment Management
183 Sully?s Trail
Pittsford, New York 14534
(585) 586-4680
(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)

June 9, 2006
(Date of Event which requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is subject of this Schedule 13D/A, and if filing
this schedule because of Rule 13d-1(b) (3) or (4), check the following box. [ ]

(Page 1 of 5 pages)
(There are no exhibits.)

Item 1.  Security and Issuer

Common Stock
ACM Managed Income Fund, Inc.
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, New York 10105


Item 2.  Identity and Background

(a) Karpus Management, Inc., d/b/a Karpus Investment Management (?KIM?),
George W. Karpus, President, Director, and controlling stockholder, Jo Ann Van
Degriff, Vice-President and Director, and Sophie Karpus, Director.

(b) The address of KIM?s principal place of business and principal office is 183
Sully?s Trail, Pittsford, New York 14534.

(c) Principal business and occupation - Investment management for individuals,
pension plans, profit sharing plans, corporations, endowments, trusts and
others.

(d) None of George W. Karpus, Jo Ann Van Degriff or Sophie Karpus (the
?Principals?) or KIM has been convicted in the past 5 years of any criminal
proceeding (excluding traffic violations).

(e) During the last 5 years none of the Principals or KIM has been a party to a
civil proceeding as a result of which any of them is subject to a judgment,
decree, or final order enjoining future violations of or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.

(f) Each of the Principals is a United States citizen.  KIM is a New York
corporation.


Item 3.  Source and Amount of Funds or Other Considerations

KIM, an independent investment advisor, has accumulated 3,523,850 shares
of AMF on behalf of accounts that are managed by KIM (the ?Accounts?)
under limited powers of attorney, which represents 13.93% of the outstanding
shares. All funds that have been utilized in making such purchases are from
such Accounts.


Item 4.  Purpose of Transaction

KIM has purchased Shares for the Accounts for investment purposes.
However, KIM reserves the right to contact management with regard
to concerns that they have with respect to the Fund.  This may include
letters to the Board and/or other communications with Fund
management. Being an independent registered investment advisor,
with a specialty focus in closed end funds, the profile of AMF fit
the investment guidelines for various Accounts.  Shares have been
acquired since March 29, 2005.


Item 5.  Interest in Securities of the Issuer

(a) As of the date of this Report, KIM represents beneficial
ownership of 3,523,850 shares or 13.93% of the outstanding
shares. George Karpus presently owns 2,890 shares purchased
May 2, 2005 at $3.57 (2,200) and January 18, 2006 at $3.55 (10
shares), January 20, 2006 at $3.55 (25 shares), January 25, 2006
at $3.55 (100 shares), January 26, 2006 at $3.54 (100 shares),
on January 30, 2006 at $3.48 (25 shares), February 1, 2006 at
$3.47 (30 shares) and on February 3, 2006 at $3.47 (400 shares).
Karpus Investment Management Profit Sharing Plan presently
owns 5,000 shares purchased on June 13, 2005 at $3.66 (3,000),
January 19, 2006 at $3.54 (600 shares) and on January 20, 2006
at $3.54 per share (1,400 shares). Karpus Investment Management
Defined Benefit Plan currently owns 4,650 shares purchased July
29, 2005 at $3.67 (3,700 shares), August 9, 10, 11, and 12 at $3.63
(800 shares) and February 3, 2006 at $3.47 (150 shares). Sophie
Karpus presently owns 2,000 shares purchased May 17, 2005 at
$3.55. None of the other Principals of KIM currently owns shares
of AMF.

(b) KIM has the sole power to dispose of and to vote all such Shares under
limited powers of attorney.

(c) Below are the open market purchases in the last 60 days for the Accounts.
There have been no dispositions and no acquisition, other than by such
open market purchases, during such period.

Date
Shares
Price Per Share

Date
Shares
Price Per Share
4/3/2006
7270
3.50

5/5/2006
5000
3.44
4/4/2006
1450
3.49

5/11/2006
3400
3.44
4/6/2006
9850
3.48

5/12/2006
200
3.40
4/7/2006
3500
3.48

5/15/2006
-200
3.42
4/11/2006
4100
3.46

5/15/2006
400
3.40
4/12/2006
-3200
3.45

5/16/2006
-150
3.40
4/13/2006
5175
3.45

5/16/2006
4400
3.38
4/17/2006
355
3.46

5/17/2006
-6500
3.38
4/24/2006
-7000
3.47

5/22/2006
1400
3.42




5/23/2006
5200
3.42




5/24/2006
6400
3.39




5/25/2006
-85
3.40




5/25/2006
1000
3.41

The Accounts have the right to receive all dividends from, and any proceeds
from the sale of the Shares.  None of the Accounts has an interest in Shares
constituting more than 5% of the Shares outstanding.


Item 6.  Contracts, Arrangements, Understandings, or Relationships with
Respect to Securities of the Issuer

Except as described above, there are no contracts, arrangements, understandings
or relationships of any kind among the Principals and KIM and between any of
them and any other person with respect to any of the AMF securities.


Item 7.  Materials to be Filed as Exhibits

Not applicable.



SIGNATURE


	After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.


Karpus Management, Inc.





By:
Name:  	Dana R. Consler
Title:  		Senior Vice President
Date:  		June 9, 2006