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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Dolomight who wrote (17000)	10/3/2001 12:27:50 PM
From: OldAIMGuy	Respond to of 18931

......And We Have A New Winner!!!!! Scott! You are the new winner of the *Millennium Poster Award* for posting #17,000! I'll "Private Message" you to get your mailing address so I can send your Secret Decoder award out right away! Best regards, awardsdept@millennium_poster.com

To: Dolomight who wrote (17000)	10/4/2001 12:03:10 AM
From: rgammon	Read Replies (1) \| Respond to of 18931

Scott, An AIM of PPR and/or VVR is indeed possible. The history is short, so we don't have an extended period for modeling. However the volatility is sufficient for AIM using Tom's AIM for Mutual Funds recommendations. Tom has a different set of parameters for AIMing his ACG since his family is largely dependent on the income from this fund. Just starting out, building up your position in PPR/VVR or ACG gives you a different perspective. I suspect that Tom will agree that a reasonable approach will be to use AIM to determine when you want to actually purchase some additional shares using your monthly, accumulating cash contribution, and use VEALIEs to stimulate further buying after prices are hitting new highs. See Tom's web site www.aim-users.com for more info. He may have his ACG parameters posted there. Robert

To: Dolomight who wrote (17000)	10/11/2001 7:29:23 AM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18931

Hi, It is true that anything can be AIMed. It does help however to start your AIM program at the "right" price. Closed End Funds (CEFs) make this quite a bit simpler than common stocks or open ended mutual funds. I believe the CEF list appears in the Wall Street Journal's Monday edition. They have a list of every single CEF with the price and discount/premium to NAV. The NAV (net asset value) of a fund is gotten by adding up the total assets of the fund and dividing by the number of shares outstanding. With CEFs this is a fixed number. ACG releases the following report on September 17th. ACM Income Fund Releases Monthly Portfolio Update PR Newswire, Monday, September 17, 2001 at 16:12 /FROM PR NEWSWIRE NEW YORK 800-776-8090/ [STK] ACG [IN] FIN [SU] TO BUSINESS EDITOR: ACM Income Fund Releases Monthly Portfolio Update NEW YORK, Sept. 17 /PRNewswire/ -- ACM Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update. Except as noted below, the following information is as of August 31, 2001. ACM Income Fund Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury Bonds 5.38% (02/15/31) 14.54% 2) US Treasury Bonds 13.25% (05/15/14) 11.27% 3) US Treasury Bonds 6.25% (05/15/30) 8.34% 4) US Treasury Bonds 0.00% (05/15/17) 8.34% 5) US Treas Sec Stripped Int 0.00% (05/15/12) 6.93% 6) US Treasury Stripped Prin 0.00% (11/15/21) 5.29% 7) US Treasury Bonds 12.50% (08/15/14) 5.15% 8) US Treasury Bonds 12.00% (08/15/13) 5.08% 9) Russian Federation - 144a 5.00% (03/31/30) 3.76% 10) US Treasury Notes 5.00% (02/15/11) 3.70% Security Type Portfolio% Treasury 74.03% Sovereign 12.13% Cmo/abs 1.64% Preferred Stock 1.14% Brady Bonds 0.28% Yankee Bonds 0.04% Corporate: Banking 4.07% Communications 2.52% Communications-mobile 2.04% Cable 1.75% Energy 0.03% Industrial 0.01% Short-term: Time Deposit 0.32% Total 100.00% Holdings by Issuer Country Portfolio% United States 84.14% Russia 4.19% Argentina 3.81% Mexico 2.24% United Kingdom 2.24% Cayman Islands 1.14% Ecuador 0.87% Turkey 0.52% Brazil 0.48% Philippines 0.09% Bulgaria 0.07% Colombia 0.05% Panama 0.05% Peru 0.04% Ukraine 0.04% Egypt 0.03% Total 100.00% Percentage of Leverage: 31.60%, as of 08/31/2001 Avg. Maturity: 22.35 Years, as of 08/31/2001 Duration: 12.75 Years, as of 08/31/2001 Total Net Assets: $1413.9 Million Net Asset Value: $8.58 Number of Holdings: 69 The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by Alliance Capital Management L.P. Using the bold data from above you can calculate the number of share that exist in the ACG Closed end fund. On 8/31 the closing price of ACG was $8.87. If you take $8.87 and divide it by $8.58 you will determine that ACG is selling at a 3.4% premium to NAV. This obviously would not have been a good price to start an investment with, AIM or otherwise in ACG. If you examine Monday's Wall St. Journal you will find that there are always some funds selling at a discount. That is where you want to put your $$ to work. It is always advisable to do some DD on any investment. Hope this helps. Bernie