NEW YORK, Aug. 23 /PRNewswire-FirstCall/ -- Alliance World Dollar Government Fund, Inc. [NYSE: AWG] (the "Fund") today released its monthly portfolio update as of July 31, 2005. Alliance World Dollar Government Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russian Federation - Reg S Iss 5.00% (03/31/30) 7.66% 2) United Mexican States 8.00% (09/24/22) 5.63% 3) United Mexican States 8.13% (12/30/19) 5.63% 4) Brazil (Republic of) 11.00% (08/17/40) 4.44% 5) Russia Min Fin VII 3.00% (05/14/11) 4.11% 6) Venezuela (Republic of) 9.25% (09/15/27) 3.75% 7) Argentina (Republic of) Boden 3.01% (08/03/12) 3.37% 8) Brazil (Republic of) 12.75% (01/15/20) 3.30% 9) United Mexican States 9.88% (02/01/10) 2.67% 10) Russia (Ministry of Finance) 3.00% (05/14/08) 2.58% Security Type Breakdown Portfolio% Sovereign 83.80% Brady Bonds 1.67% Loan Part./Loan Assign. 0.46% Short-term: Time Deposit 14.07% Total 100.00% Country Breakdown Portfolio% Mexico 17.35% Russia 14.35% United States 14.07% Brazil 13.24% Argentina 5.76% Turkey 4.88% Venezuela 4.85% Philippines 4.76% Peru 4.11% Panama 2.99% Ukraine 2.80% Colombia 1.35% Uruguay 1.30% Dominican Republic 1.25% El Salvador 1.23% Jamaica 1.07% Indonesia 1.03% Nigeria 0.85% Lebanon 0.72% Ecuador 0.62% Malaysia 0.52% Morocco 0.46% Bulgaria 0.44% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 12.97%* Preferred Stock: 0% Total: 12.97% Avg. Maturity: 12.10 Years Duration: 5.72 Years Total Net Assets: $125.7 Million Net Asset Value: $14.13 Number of Holdings: 76 * 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. 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. DATASOURCE: Alliance World Dollar Government Fund, Inc. CONTACT: Shareholder Contact for Alliance World Dollar Government Fund, Inc., 1-800-221-5672 Web site: http://www.alliancecapital.com/

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