NEW YORK, Sept. 21 /PRNewswire-FirstCall/ -- Alliance World Dollar Government Fund, Inc. [NYSE: AWG] (the "Fund") today released its monthly portfolio update as of August 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) 7.42% 2) United Mexican States 8.00% (09/24/22) 5.42% 3) United Mexican States 8.13% (12/30/19) 5.41% 4) Venezuela (Republic of) 9.25% (09/15/27) 4.52% 5) Brazil (Republic of) 11.00% (08/17/40) 4.23% 6) Russia Min Fin VII 3.00% (05/14/11) 3.91% 7) Brazil (Republic of) 12.75% (01/15/20) 3.85% 8) Argentina (Republic of) Boden 4.01% (08/03/12) 3.65% 9) United Mexican States 9.88% (02/01/10) 2.54% 10) Russia (Ministry of Finance) 3.00% (05/14/08) 2.44% Security Type Breakdown Portfolio% Sovereign 83.18% Brady Bonds 1.81% Loan Part./Loan Assign. 0.43% Short-term: Time Deposit 14.58% SUBTOTAL 14.58% Total 100.00% Country Breakdown Portfolio% Mexico 16.66% Brazil 14.63% United States 14.58% Russia 13.77% Argentina 5.86% Venezuela 5.82% Philippines 5.24% Turkey 4.56% Peru 3.47% Panama 2.66% Ukraine 2.13% Colombia 1.96% Uruguay 1.53% Dominican Republic 1.19% El Salvador 1.17% Indonesia 1.10% Nigeria 0.81% Lebanon 0.67% Jamaica 0.60% Malaysia 0.50% Morocco 0.43% Bulgaria 0.41% Ecuador 0.25% Total 100.00% Credit Quality Breakdown Portfolio% A 0.50% BBB 32.01% BB 35.08% B 16.77% CCC 0.25% A-1+ 14.58% NR 0.81% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 9.28%* Preferred Stock: 0% Total: 9.28% Avg. Maturity: 12.87 Years Duration: 6.08 Years Total Net Assets: $127.1 Million Net Asset Value: $14.29 Number of Holdings: 75 * 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/

Copyright