This conference provides an opportunity to increase understanding about
Kazakhstan's business environment and the development of its technology,
health care, science , service sectors.44%
2) Russian Federation - 144a 5.00% (03/31/30) 4.00% (03/31 /30) 4.01% (08/03/12) 3.04%
Total 100.00%

Country Breakdown
Portfolio%
Russia 16.

tetum untaet

S.13% (12 /30/19) 6.29
Number of Holdings: 96

* 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 . P.

citadel timor

S.S.00% (05/14/08) 2.04%
NR 0.

tetum administer

New business opportunities in Kazakhstan will be presented to companies
from the United States, Canada and Mexico, at a major trade and investment
conference at the Hotel del Coronado in San Diego, CA, on September 8-9, 2005 .

Contact Info: Ivan Pandev
Consultant
Marston-Nicholson
18 rue Duphot
75001 Paris
France
+33-(0)1-42-96-46-00
i.

tetun administer

administration officials will
share their vision of the two countries' partnership.
The presidents of Kazakhstan and the United States support this
conference and sent messages to the participants.04%
SUBTOTAL 6.65%
El Salvador 1.25%
Total 100.00 %

Credit Quality Breakdown
Portfolio%
BBB 34.-registered management
investment company advised by Alliance Capital Management L.

leste neighbours

Kazakhstan received more
than 80 percent of all foreign investment in Central Asia, and its economy is
twice as large as the combined economies of all countries of the region.30%
Communications 0.71%
Lebanon 0.00%

Portfolio Statistics
Percentage of Leverage:
Bank Loans: 0%
Investment Operations: 9.

initial neighbours

S.S. American executives working in Kazakhstan for many years will
talk about their success stories, while U.
More than 300 companies with American participation work in Kazakhstan
today.75% (01/15/20) 3.89%
Communications-Mobile 1.00%
Nigeria 0.

Sites and documents covering international relations with other countries and with the UN are listed in the subcategory 'International Relations'.

leste establishing

"
The delegation is to be led by Sauat Mynbayev, Kazakhstan 's Deputy Prime
Minister and Minister of Industry and Trade and will include Minister of
Foreign Affairs Kassymzhomart Tokaev, Minister of Energy and Mineral
Resources Vladimir Shkolnik, Minister of Economy and Budget Planning Kairat
Kelimbetov, Minister of Transport and Communications Kazhmurat Nagmanov, and
Minister of Health Yerbolat Dossayev, as well as leaders of largest
government and private companies.

Alliance World Dollar Government Fund II Releases Monthly Portfolio Update

Top 10 Fixed-Income Holdings
Portfolio%
1) United Mexican States 8.93%
7) Argentina (Republic of) Boden 4.02%
Jamaica 1.

peacekeeping payments

-Kazakhstan Business Association, the
Asia Society, Caspian Investor , San Diego World Trade Center and with support
of U.42%
Short-term:
Time Deposit 6.95%
United States 7.55%
Turkey 4.78%
Colombia 2.04%
Uruguay 1.12%
Kazakhstan 1.5 Million
Net Asset Value: $14.

timor tetun

The conference agenda will include briefings from senior officials on
Kazakhstan's priorities in using advanced technologies to diversify the
economy.
Since its independence in 1991, Kazakhstan has attracted more than U. [NYSE: AWF] (the "Fund") today released its monthly
portfolio update as of August 31, 2005.

pagamentos payments

Alliance World Dollar Government Fund II, Inc.61%

Security Type Breakdown
Portfolio%
Sovereign 82.48%
Metals/Mining 1.10%
SUBTOTAL 9.93%
Panama 2 .

chronology establishing

$40 billion in foreign direct investment and is a leader in the post Soviet
domain in terms of foreign investment per capita.94%
Agriculture 0.78%
Corporate 0.

administer peacekeeping

The government of Kazakhstan
will contribute $260 million annually to implement the Strategy."
President Nursultan Nazarbayev said: "Relations of strategic partnership
between Kazakhstan and the United States serve as a solid foundation for
fruitful cooperation in all fields , first of all in economy and security.66%
3) Brazil (Republic of) 11.29%
Cable 0.57%
Mexico 16.19%
Argentina 5.47 %
CCC 0.

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San Diego to Welcome Delegation for Business Opportunities in Kazakhstan

64%
4) Russian Federation - Reg S Iss 5.00% (05/14/11) 3.53%
Financial 1.34%
Energy 0.42%
Hong Kong 0.

transitional tetum

businesses an occasion to explore
firsthand the new opportunities Kazakhstan has to offer, mix and mingle with
key Kazakh government and business decision makers, open channels of
communication, and develop business relationships.com

NEW YORK, Alliance World Dollar
Government Fund II, Inc.58%
5) Venezuela (Republic of) 9.68%
Bulgaria 0.25%

Avg.75 Years
Duration: 6.

timor portugese

The United States is the largest investor in Kazakhstan and accounts
for more than a third of the total of foreign direct investment in the
country.00% (08/17/40) 4.25%
A-1+ 6.

banc establishes

21%
Ukraine 2.40%
Netherlands 0.74%
BB 38. Maturity: 13. The Fund is a closed-end U.

tetun payments

" He
called the industrial and innovation strategy "a crucial tool" for
Kazakhstan's future development, and expressed confidence "the American
business community will take maximum advantage of these new opportunities for
doing business in Kazakhstan.35%
6) United Mexican States 8.26%
Brady Bonds 2.

The foregoing portfolio characteristics are as of the date indicated and
can be expected to change.

It also contains information on the United Nations mission still present in East Timor.

citadel replaced

Chamber of Commerce. House of Representatives, will be a featured
speaker.
The goal of Kazakhstan 's Industrial and Innovation Strategy for 2003-2015
is a diversification of the country's economy by developing non-extractive
industries through technological innovation. President George W. Bush
said: "My Administration is dedicated to strengthening the partnership
between our two nations on issues such as security, energy, economic reforms,
and democracy, while respecting our traditions of freedom and human dignity.

initial autoridade

39 Years
Total Net Assets: $966.

embassies banc

San Diego Will Be The Host City To A Delegation From Kazakhstan For A
Trade Conference At The Hotel del Coronado On September 8th and 9th 2005

ASTANA, Kazakhstan, Kazakhstan, one of the
world's fastest growing market economies, a major oil producer and economic
powerhouse of Central Asia, is eager to diversify its economy and develop its
great potential in new technologies.pandev@group-ibc.67%
8) Russia Min Fin VII 3.06%
10) Russia (Ministry of Finance) 3.38%
Luxembourg 0.71 %
Total 100.

untaet neighbours

S.
The conference will provide U.36%
Banking 0.07%
Venezuela 6.09%
Germany 2.39%
China 0.31%
Ecuador 0.

payments boundaries

The conference, entitled "KAZAKHSTAN Industrial and Innovation Strategy:
New Business Opportunities," is organized by the Embassy of the Republic of
Kazakhstan in cooperation with the U.00% (09/24/22) 3 .28%
Corporate:
Petroleum Products 1.39%
Brazil 14 .73%
Peru 2.

tetun timor

Congressman Darrell Issa (R-CA), representing a
San Diego district in the U. It will feature updates on Kazakhstan's business environment,
government support of the emerging technology sector, investment projects
supported by the newly established development institutions, and tax
incentives.
The conference will provide business people the opportunity to have
bilateral meetings with key government and business figures from Kazakhstan.25% (09/15/27 ) 4.95%
Philippines 5.25%*
Preferred Stock: 0%
Total: 9.

chronology portugese

42%
9) Brazil (Republic of) 12.41%
Containers 0.19%
Indonesia 1.03%
Dominican Republic 1.79%
B 19.S.