(NYSE: ADF) (the "Fund") today released its monthly portfolio
update as of January 31, 2006 .47%

Security Type Breakdown
Portfolio %
Sovereign 49.69%
Yankee Bonds 0.31%
Electronics 0.33%
Liberia 0.19%
Hong Kong 0.

cayman pawn

NEW YORK, ACM Managed Dollar Income
Fund, Inc.01% (08/03/12) 2.25% (04/15/12) 1.95%
Gaming 2.95%
Public Utilities - Elec + Gas 2.39%
Philippines 2.94%
Turkey 2.55%
Lebanon 0.26%
Ireland 0.75%
CCC 1.S.
At a recent gala to celebrate the new partnership between Digicel and the
Haitian Football Federation in Port Au Prince, Mr. We
are confident that with this passion, Digicel is the right partner to grow
Haitian football.

republic barbados

00% (05/14/08) 2.58%
Paper/Packaging 1.19%
Restaurants 0.06%
Mexico 8.57%*
Preferred Stock: 0%
Total: 19. Historical Investment Made in Multi-Million Dollar
Deal to Grow Haitian Football

PORT-AU-PRINCE, Haiti, Digicel, the fastest
growing mobile telecommunications operator in the Caribbean that is preparing
to transform wireless communication services in Haiti , has announced an
unprecedented multi-million dollar sponsorship agreement with the Haitian
Football Federation (HFF).
Digicel is incorporated in Bermuda and has operations in fifteen countries
including Anguilla, Antigua + Barbuda, Aruba, Barbados, Bermuda, Curacao, The
Cayman Islands, Dominica, Grenada, Haiti, Jamaica, St Kitts + Nevis, St.

republic cuba

55%
Retail 0.48%
Canada 1.64%
Ukraine 0.00%

Credit Quality Breakdown
Portfolio%
A 0.64%
BBB 26.04%
BB 40. Paul Berne, Haitian
Secretary of State for Youth, Sports and Civil Services, said, "Digicel's
landmark investment in Haitian football marks a new era for the Football
Federation and a very positive development for Haiti."
As a result of the partnership and sponsorship investment, 16 football
teams and 550 football players from across the country will begin competing in
Les Championnats de Digicel Division One."
Digicel was awarded a GSM license to operate in Haiti in June 2005.

specialties bermuda

13% (12/30/19) 3.26%
Brady Bonds 1.26%
Containers 0.73%
Argentina 2.12%
Trinidad + Tobago 0. Ghada Gebara, CEO of Digicel Haiti.digicelgroup.

tobago antilles

Top 10 Fixed-Income Holdings
Portfolio%
1) Russian Federation 5.47%
Preferred Stock 0.19%
Corporate:
Cable 4.37%
Automotive 2.42%
Germany 0. Digicel 's commitment represents the most significant, single corporate
investment ever made in Haitian sport and in the National League's history. Football fans that support their local clubs throughout
Haiti will experience football action at the top venues in the nation and
through interactive mobile technology that brings Haitian fans closer to the
game and to their football heroes.

specialties trinidad

27%
6) Argentina 4.27%
7) Brazil 12. 9.64%
Public Utilities - Gas 0.11 %
B 29.87 Years
Duration: 6.

About Digicel
Since its launch in 2001, Digicel has become the fastest growing wireless
telecommunications operator in the Caribbean.

malls bermuda

22%
2) United Mexican States 8.87%
Communications-Mobile 1.70%
Chemicals 1.21%
Publishing 1.01%
Total 100.

netherlands republic

38% (09/19/13) 1.59%
Agriculture 0.13%
Total 100.62%
Panama 1.26
Number of Holdings: 320

* 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. With
investments in the region at US$1 billion, Digicel operates in 15 countries
across the Caribbean and employs over 1500 people of which 92 percent are
Caribbean nationals.com for more information on Digicel

netherlands tobago

13%
SUBTOTAL 2.42%
Netherlands 0.18%
Costa Rica 0. Digicel will supply new equipment
and playing kits to all league teams and referees as well as additional
training equipment for the National Senior Team.
Visit http://www.

aruba tobago

ACM Managed Dollar Income Fund, Inc.75% (01/15/20) 1.74%
Indonesia 0.21%
Bahamas 0.
The initial four-year partnership with the HFF is designed to grow Haitian
football to its true potential in advance of Digicel's imminent launch in
Haiti. We are very excited about launching in
Haiti and greatly enthused by the warm welcome we have been receiving from the
community .

lucia trinidad

16%
Broadcasting/Media 1.46%
Peru 1.59%
Bermuda 0.

malls netherlands

82%
Corporate 1.51%
Derivatives 0.13%
Sovereign 0.00%

Country Breakdown
Portfolio%
United States 39.97%
Uruguay 0.45%
Dominican Republic 0.16%
South Korea 0. Affiliated to FIFA in 1933, they have been taking part in
regional international competition - when circumstances allow - for near-on
three-quarters of a century.

caribbean islands

00% (03/31/30) 10.48%
Financial 0.20%
Communications 0.33%
France 0.-registered
management investment company advised by AllianceBernstein L.
"Football is the passion of the nation and our involvement will encourage
great performances , support future football legends, and play a role in
advancing the sport," said Ms.

cuba malls

00% (09/24/22 ) 2.46%
Insurance 1.38%
Public Utilities - Telephone 0.11%
SUBTOTAL 46.73%
Russia 14.31%
Singapore 0.3 Million
Net Asset Value: $8. The Fund is a closed-end U. Digicel takes enormous pride in becoming the official
main sponsor of Haitian football.

Possible shopping activities include those related to antiques and collectibles , books, clothing, convenience stores, flowers and gifts, food, furniture, health products, jewelry, malls, pawn brokers, rentals, specialties, and sporting goods.

specialties barbados

66%
4) United Mexican States 8.54%
9) Philippines 9.55%
Metals/Mining 1.08 %
Technology 1.25%
Food/Beverage 0.69%
Brazil 9.87%
Cayman Islands 0.22%
Bulgaria 0.32%
A-1+ 2. The company's passion
for delivering innovative technology and providing superior mobile phone
services has earned Digicel phenomenal success over the past five years. We welcome Digicel's participation in the Haitian community
and look forward to a long and rewarding relationship. Digicel intends
to expand to the French West Indies islands of Martinique, Guadeloupe and
French Guiana with the acquisition of Bouygues Telecom Caraibe, subject to all
the appropriate and necessary approvals.

caribbean dominica

47%
Building/Real Estate 1.70%
Aerospace/Defense 0.26%
Short-term:
Time Deposit 2.50%
Ecuador 0.

antilles puerto

04%
3) Russian Federation 3.64%
5) Venezuela 9.06%
Industrial 1.39%
Supermarket /Drug 0.05%
Total 100.92 Years
Total Net Assets: $178.
It is the largest GSM operator in the region.
Lucia, St.

specialties shopping

61%
Energy 2.12%
Service 1.46%
Colombia 1.55%
United Kingdom 0. Maturity: 13. In five years, Digicel has
become renowned for competitive rates, unbeatable coverage, superior customer
care, a wide variety of products and services, and state-of-the-art handsets.

shopping lucia

50%
10) Brazil 5.88%
Healthcare 2.98%
Communications-fixed 1.81%
Nigeria 0.

bermuda dominica

05%
Entertainment/Leisure 0.92%
Hotel/Lodging 0.57%

Avg. "From the
onset of being awarded a mobile license in Haiti, we expressed our commitment
to make an important contribution to the growth and development of Haiti's
economy and society.

tobago netherlands

ACM Managed Dollar Income Fund Releases Monthly Portfolio Update

88% (01/15/19) 1.81%
Petroleum Products 1.76%
Venezuela 3. P.

bahamas rico

32%
Banking 0.

Digicel Announces Sponsorship of the Haitian Football Federation

cayman lucia

95%
8) Innova S DE R.65%
Consumer Manufacturing 0.60%
El Salvador 0.13%
NR 0.

The foregoing portfolio characteristics are as of the date indicated and
can be expected to change.
Digicel will connect with fans by producing multifaceted promotional and
viewing experiences.
By offering innovative wireless services and community support, Digicel
has become a leading brand in the Caribbean and has placed the region at the
cutting edge of wireless communications. Vincent and the Grenadines and Trinidad + Tobago.
The company is the lead sponsor of Caribbean sports teams including the
West Indies Cricket Team, Special Olympics teams across the Caribbean and is
title sponsor of the Digicel Caribbean Football Union Cup, which involves over
30 Caribbean countries and is an important qualifier towards the CONCACAF Gold
Cup.

cuba specialties

25% (09/15/27) 2.L.21%
Luxembourg 0.00%

Portfolio Statistics

Percentage of Leverage:
Bank Loans: 0%
Investment Operations: 19.

Established in 1904, the Haitian Football Federation is one of the oldest
in the region.