ACM Managed Dollar Income Fund, Inc. Announces Expiration Of Tender Offer and Preliminary Results

Apr 30, 2001, 01:00 ET from ACM Managed Dollar Income Fund, Inc.

    NEW YORK, April 30 /PRNewswire/ --
 ACM Managed Dollar Income Fund, Inc. (NYSE:   ADF) (the "Fund") announced today
 its tender offer for 1,110,972 of its issued and outstanding shares of common
 stock representing approximately 5% of the Fund's outstanding shares expired
 Friday, April 27, 2001 at 12:00 Midnight Eastern Time.  Shares tendered may be
 withdrawn at any time prior to 5:00 P.M. Eastern Time on May 1, 2001.
     Based upon current information, approximately 433,450 shares were
 tendered, of which approximately 131,053 shares were tendered pursuant to
 notices of guaranteed delivery.  These numbers are subject to adjustment and
 should not be regarded as final.  The actual number of shares to be purchased
 will be announced at a later date.  Management of the Fund anticipates
 acceptance on May 3, 2001 of 433,450 shares properly tendered and not
 withdrawn and that payment for such shares will be made on May 7, 2001.  The
 purchase price of properly tendered shares is the net asset value per share
 determined as of the close of the regular trading session of the New York
 Stock Exchange today.
     The Fund is a non-diversified, closed-end U.S. registered management
 investment company managed by Alliance Capital Management L.P.  As of
 April 27, 2001, the Fund's total net assets were approximately $159 million.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X23838651
 
 

SOURCE ACM Managed Dollar Income Fund, Inc.
    NEW YORK, April 30 /PRNewswire/ --
 ACM Managed Dollar Income Fund, Inc. (NYSE:   ADF) (the "Fund") announced today
 its tender offer for 1,110,972 of its issued and outstanding shares of common
 stock representing approximately 5% of the Fund's outstanding shares expired
 Friday, April 27, 2001 at 12:00 Midnight Eastern Time.  Shares tendered may be
 withdrawn at any time prior to 5:00 P.M. Eastern Time on May 1, 2001.
     Based upon current information, approximately 433,450 shares were
 tendered, of which approximately 131,053 shares were tendered pursuant to
 notices of guaranteed delivery.  These numbers are subject to adjustment and
 should not be regarded as final.  The actual number of shares to be purchased
 will be announced at a later date.  Management of the Fund anticipates
 acceptance on May 3, 2001 of 433,450 shares properly tendered and not
 withdrawn and that payment for such shares will be made on May 7, 2001.  The
 purchase price of properly tendered shares is the net asset value per share
 determined as of the close of the regular trading session of the New York
 Stock Exchange today.
     The Fund is a non-diversified, closed-end U.S. registered management
 investment company managed by Alliance Capital Management L.P.  As of
 April 27, 2001, the Fund's total net assets were approximately $159 million.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X23838651
 
 SOURCE  ACM Managed Dollar Income Fund, Inc.