NOTES TO FINANCIAL STATEMENTS
November 30, 1999 Alliance Technology Fund
NOTE A: Significant Accounting Policies
Alliance Technology Fund, Inc. (the "Fund") is regis tered under the Investment Company Act of 1940 as a
diversified, open-end management investment company. The Fund offers Class A, Class B, Class C and Advisor
Class shares. Class A shares are sold with a front-end sales charge of up to 4.25% for purchases not exceeding
$1,000,000. With respect to purchases of $1,000,000 or more, Class A shares redeemed within one year of
purchase may be subject to a contingent deferred sales charge of 1%. Class B shares are currently sold with a
contingent deferred sales charge which declines from 4% to zero depending on the period of time the shares are
held. Class B shares will automatically convert to Class A shares eight years after the end of the calendar month
of purchase. Class C shares are subject to a contingent deferred sales charge of 1% on redemptions made within
the first year after purchase. Advisor Class shares are sold without an initial or contingent deferred sales charge
and are not subject to ongoing distribution ex penses. Advisor Class shares are offered to investors participating
in fee-based programs and to certain retirement plan accounts. All four classes of shares have identical voting,
dividend, liquidation and other rights, except that each class bears different distribution ex penses and has
exclusive voting rights with respect to its distribution plan. The financial statements have been prepared in
conformity with generally accepted accounting principles which require management to make certain estimates
and assumptions that affect the reported amounts of assets and liabilities in the financial statements and amounts
of income and expenses during the reporting period. Actual results could differ from those estimates. The
following is a summary of significant accounting policies followed by the Fund.
1. Security Valuation
Portfolio securities traded on a national