ACM Municipal Securities Income Fund, Inc.37%
Rhode Island 1.29%
Utah 1.72%
AA 18. The exception was the East North Central region, where the index
dipped from 90 to 78.

assumption broaddus

75%
Airport Facility 3.38%
Connecticut 1. The Fund is a closed-end U. In the Mountain region
(Montana, Idaho, Wyoming, Colorado , New Mexico, Arizona, Utah and Nevada),
consumer confidence increased from 105.

alvernia augustana

66%
Special Tax 4.03%
Total 100.

augsburg arcadia

66%
2) Florida Hsg Fin Corp AMT FSA 5.17%
3) New York NY Ind Dev Auth Ser94 6.63%
California 10.16%
Michigan 2.57%
North Carolina 0.94%
BBB 10.

assumption tuscaloosa

21%
Colorado 1.
Says Conference Board Economist Ken Goldstein: "Mobile, Alabama was
boomtown USA in the late 1990s, with major auto manufacturing centers not far
behind.

avila augsburg

97%
9) Ohio St Wtr Dev Auth AMT 6.53%
Student Loan 4.7 in the last year, an improvement of 16 percent. In New England (Connecticut, Massachusetts, Maine, New Hampshire,
Rhode Island and Vermont), confidence increased from 92.
regions.

tuscaloosa assumption

450% (09/01/20) 1.750% (07/01/31) 1.48%
Housing-Rental Units 5.89%
Resource Recovery/Solid Waste 2.71%
Industrial 0.73%
New York 6.
The Conference Board's widely-watched Consumer Confidence Index for the
East South Central region is now 101.

'

tuscaloosa allegheny

Top 10 Fixed-Income Holdings
Portfolio%
1) Tennessee Ed Loan Ser 97B AMT 6.42%
7) Ohio Hsg Fin Agy AMT GNMA 6.96%
10) Gulfport MS Hosp Fin Auth 5.95%

Industry /Sector Breakdown
Portfolio%
General Obligation 18.21%
Ohio 6.71%
Minnesota 0. This fast-growing area of the country includes
Kentucky, Tennessee, Alabama and Mississippi.

albright arcadia

29%
Water/SWR 6.90%
Utility 5.96%
Alabama 2.

US REGIONS:

West North Central: Minnesota, Iowa, Missouri, North Dakota, South
Dakota, Nebraska, Kansas

West South Central: Arkansas, Louisiana, Oklahoma, Texas

New England: Connecticut, Massachusetts , Maine, New Hampshire, Rhode
Island, Vermont

Middle Atlantic: New Jersey, New York , Pennsylvania

South Atlantic: Delaware, Maryland, Washington DC, Virginia, West
Virginia, North Carolina, South Carolina, Georgia, Florida

Mountain: Montana, Idaho, Wyoming , Colorado, New Mexico, Arizona, Utah,
Nevada

Pacific: Washington, Oregon, California , Alaska, Hawaii

East North Central: Ohio, Indiana, Illinois, Michigan, Wisconsin

East South Central: Kentucky, Tennessee, Alabama, Mississippi

peay albright

73%
Texas 7.

alcorn allegheny

200% (12/01/21) 4.74%
Cop/Lease Rental 10 .23%
Transportation 3.54%
Corporate Airline 0 .5 to
109.7, up 13
percent.

acadia tuscaloosa

ACM Municipal Securities Income Fund Releases Monthly Portfolio Update

125% (01/01/24) 3.125% (08/15/32) 2.880% (07/01/18) 2.72%
Higher Education 3.7 Million
Net Asset Value: $11. P .

alma alderson

28%
Hospital/Health Care 15.78%
Pennsylvania 2 .12%
Indiana 1.27%
BB 1 .55
Number of Holdings: 97

* Represents issued and outstanding preferred stock.5 to 104.

alderson adelphi

85%
4) Adams Cnty MS Environ Impt Pcr 6.40%
New Jersey 4.27%
Alaska 3.01%
Washington 0.23%
A 16.

The foregoing portfolio characteristics are as of the date indicated and
can be expected to change.5 (December 28), up from 84."

West North Central, Mountain and New England Regions also Improve
In the past year, consumer confidence also showed strong improvements in
the West North Central , Mountain and New England regions.1 to 119.

assumption albion

East South Central Region Leads the Nation in Consumer Confidence Gains Over the Last Year The Conference Board Reports

augsburg alderson

60%
Continuing Care Facility 3.20%
Average Coupon: 5.14%

Total Net Assets: $218. These states are beginning to regenerate new economic momentum.

broaddus armstrong

400 % (03/01/42) 4.150% (03/01/29) 2.08%
8) Miami Dade Cnty Fl 5.24%
Louisiana 0.

Where Confidence Has Declined
In the past year , Consumer Confidence improved in eight of the nine U.5, a decline of more than 12 percent.

augustana alcorn

43%
6) Mass Hlth + Ed Fac Auth Ycn 8.01%
Education 2. NEW YORK, Consumer confidence has registered its
largest gains in the past year in the East South Central region, The
Conference Board reports today. This region
includes Ohio, Indiana, Illinois, Michigan and Wisconsin.

augsburg broaddus

NEW YORK, ACM Municipal Securities
Income Fund, Inc.86%
Massachusetts 6.00%

AMT Percentage: 26.S.-registered management
investment company advised by Alliance Capital Management L.

fairbanks tuscaloosa

13%
Tennessee 4.54%
Wisconsin 2.

This category contains links to athletic departments of colleges and universities whose names begin with 'A.

aquinas augsburg

000% (04/01/24) 1.83%
New Mexico 3.50%
South Carolina 0.
In the West North Central states (Minnesota, Iowa, Missouri, North Dakota,
South Dakota , Nebraska and Kansas), consumer confidence increased from 94.S.

albion alcorn

45%
5) Harris Cnty FSA 5.00 %

Bond Rating
Portfolio%
AAA 52.56%
Percentage of Leverage:
Bank Loans: 0%
Investment Operations: 0%
Preferred Stock: 41.14%*
Total: 41.

avila allegheny

28%
Housing-Mortgages 3.68%
Housing 0.19%
Total: 100.00%

Holdings by State
Portfolio%
Florida 11.
Indeed, southern auto plants are humming while factories elsewhere (like the
GM plant in Linden, New Jersey) are downsizing and shutting down altogether.

8 in the past year, up nearly
14 percent.

tuscaloosa arcadia

(NYSE: AMU) (the "Fund") today released its monthly
portfolio update as of January 31, 2005.250% (09/01/23) 2.52%
Miscellaneous 4.60%
Illinois 6.40%
Arizona 1.25%
Hawaii 1.

assumption amherst

66%
Mississippi 4.34%
North Dakota 1.09%
Nevada 1.84%
Total 100.5 a year ago,
an increase of more than 20 percent.