Alliance World Dollar Government Fund Releases Monthly Portfolio Update

Alliance World Dollar Government Fund Releases Monthly Portfolio
Update 


NEW YORK, May 25  /PRNewswire-FirstCall/ -- Alliance World Dollar Government
Fund, Inc. [NYSE: AWG] (the "Fund") today released its monthly portfolio update
as of April 30, 2005.

               Alliance World Dollar Government Fund, Inc.

      Top 10 Fixed-Income Holdings
                                                         Portfolio%
   1) Russian Federation - Reg S Iss 5.00% (03/31/30)        10.69%
   2) United Mexican States 8.13% (12/30/19)                  5.28%
   3) United Mexican States 8.00% (09/24/22)                  5.26%
   4) Brazil (Republic of) 11.00% (08/17/40)                  4.08%
   5) Venezuela (Republic of) 9.25% (09/15/27)                3.51%
   6) Ecuador (Republic) - Reg S 8.00% (08/15/30)             3.20%
   7) Argentina (Republic of) Boden 3.01% (08/03/12)          2.98%
   8) United Mexican States 9.88% (02/01/10)                  2.58%
   9) Brazil (Republic of) 12.75% (01/15/20)                  2.51%
  10) Russia (Ministry of Finance) 3.00% (05/14/08)           2.46%

  Security Type
                             Portfolio%
   Sovereign                     78.93%
   Brady Bonds                    0.90%
   Loan Part./Loan Assign.        0.44%
   Short-term:
     Time Deposit                19.73%
   Total                        100.00%

   Holdings by Issuer Country
                               Portfolio%
   United States                   19.73%
   Mexico                          16.43%
   Russia                          15.37%
   Brazil                          12.99%
   Argentina                        4.99%
   Venezuela                        4.52%
   Ecuador                          4.16%
   Turkey                           3.78%
   Philippines                      3.13%
   Ukraine                          2.70%
   Panama                           2.64%
   Peru                             2.45%
   Colombia                         2.19%
   Uruguay                          0.97%
   Indonesia                        0.89%
   El Salvador                      0.69%
   Lebanon                          0.67%
   Jamaica                          0.60%
   Morocco                          0.44%
   Bulgaria                         0.42%
   Dominican Republic               0.24%
   Total                          100.00%

   Percentage of Leverage:
    Bank Loans:            0%
    Investment Operations: 11.34%*
    Preferred Stock:       0%
   Total:                  11.34%

   Avg. Maturity:          12.52 Years
   Duration:               5.58 Years
   Total Net Assets:       $121.7 Million
   Net Asset Value:        $13.68
   Number of Holdings:     71

   * Investment Operations may include the use of certain portfolio
     management techniques such as credit default swaps, dollar rolls,
     negative cash, reverse repurchase agreements and when-issued
     securities.



The foregoing portfolio characteristics are as of the date indicated and can be
expected to change. The Fund is a closed-end U.S.-registered management
investment company advised by Alliance Capital Management L. P. 

DATASOURCE: Alliance World Dollar Government Fund, Inc.



CONTACT:  Shareholder Contact for Alliance World Dollar Government Fund,

Inc., 1-800-221-5672



Web site:  http://www.alliancecapital.com/ 

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