Alliance World Dollar Government Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 12  /PRNewswire-FirstCall/ -- Alliance World Dollar Government Fund, Inc. [NYSE: AWG] (the "Fund") today released its monthly portfolio update as of August 31, 2006.

               Alliance World Dollar Government Fund, Inc.

      Top 10 Fixed-Income Holdings
                                              Portfolio%
   1) Russian Federation 3.00% (05/14/08)          7.38%
   2) Russian Federation 5.00% (03/31/30)          5.77%
   3) Brazil 11.00% (08/17/40)                     5.66%
   4) United Mexican States 8.00% (09/24/22)       4.49%
   5) Argentina 5.59% (08/03/12)                   3.28%
   6) United Mexican States 8.13% (12/30/19)       3.24%
   7) Russian Federation 11.00% (07/24/18)         3.05%
   8) Brazil 8.25% (01/20/34)                      2.99%
   9) Venezuela 10.75% (09/19/13)                  2.86%
  10) Brazil 7.13% (01/20/37)                      2.58%

   Security Type Breakdown
                             Portfolio%
   Sovereign                     84.52%
   Loan Part./Loan Assign.        0.21%
   Short-term:
     Time Deposit                15.27%
     SUBTOTAL                    15.27%
   Total                        100.00%

   Country Breakdown
                      Portfolio%
   Russia                 16.81%
   United States          15.27%
   Brazil                 13.12%
   Mexico                 13.00%
   Venezuela               6.42%
   Philippines             5.82%
   Argentina               5.77%
   Turkey                  4.28%
   Peru                    2.81%
   Panama                  2.71%
   Ecuador                 2.06%
   Colombia                2.05%
   Nigeria                 1.64%
   Indonesia               1.56%
   Uruguay                 1.40%
   Ukraine                 1.05%
   Lebanon                 1.02%
   El Salvador             0.98%
   Jamaica                 0.59%
   Malaysia                0.40%
   Costa Rica              0.36%
   Dominican Republic      0.34%
   Bulgaria                0.33%
   Morocco                 0.21%
   Total                 100.00%

   Credit Quality Breakdown
                      Portfolio%
   A                       0.40%
   BBB                    33.72%
   BB                     39.43%
   B                       9.12%
   CCC                     2.06%
   A-1+                   15.27%
   Total                 100.00%

   Portfolio Statistics
   Percentage of Leverage:
    Bank Loans:            0%
    Investment Operations: 19.01%*
    Preferred Stock:       0%
   Total:                  19.01%

   Avg. Maturity:          11.99 Years
   Duration:               6.93 Years
   Total Net Assets:       $130.7 Million
   Net Asset Value:        $14.69
   Number of Holdings:     87

  * 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 AllianceBernstein 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.alliancebernstein.com/ 

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