ACM Managed Dollar Income Fund, Inc. Dividend Declaration.

NEW YORK--(BUSINESS WIRE)--August 24, 1999--

ACM Managed Dollar Income Fund, Inc. (NYSE: ADF ADF - Automatic Direction Finder/Finding
ADF - A Druid Fellowship
ADF - Academy of Dance on Film (Hollywood, California)
ADF - Access Control Decision Function
ADF - Acid Detergent Fiber
ADF - Activity Address File (claims)
ADF - Adapter Description File
ADF - Add-Drop Filter
ADF - Additional Deposit Fund (insurance)
ADF - Address Decoder Fault
ADF - Administrator's Discretionary Fund
ADF - Advance Disposal Fee (Florida)), a closed-end management investment company, declared on this date, August 24, 1999, a monthly income dividend of $0.1125 per share of Common Stock payable on September 17, 1999 to stockholders of record at the close of business on September 3, 1999. Ex-date will be September 1, 1999.

ACM Managed Dollar Income Fund, Inc. is managed by Alliance Capital Management L.P.

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Publication:	Business Wire
Date:	Aug 24, 1999
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