50% (08/15/14) 3.96%
Financial 0.22 yrs
US Treasury 3.

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00% (05/15/17 ) 5.73%
10) US Treasury Notes 4.44%
GNMA 0.70%
Cable 0.09%
Brazil 5.63%
Canada 0.04%
Australia 0.9 Million
Net Asset Value: $8.

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The event will be broadcasted via audio and the
Internet. Click on "Participant Login" and
complete "Requested Information" with Room Number 11037074.

Replay via ActionReplay and via Event Center
To access the audio replay of this event, for United States and Canada,
dial 1-800-405-2236, passcode 11037074#. NEW YORK, ACM Income Fund, Inc.

Top 10 Fixed-Income Holdings
Portfolio%
1) US Treasury Bonds 11.25% (02/15 /15) 9.00% (11/15/21) 5.48%
Broadcasting/Media 0.12%
Technology 0.09%
Kazakhstan 0.62 Years

Total Net Assets: $1918.

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events.

ACM Income Fund Releases Monthly Portfolio Update

25% (05/15/30) 2.35%
Publishing 0.08%
Healthcare 0.03%
Metals/Mining 0.89%
Japan 0.02%
Lebanon 0.S.

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During the call, CEO Gene Warren and CFO Ed Bernica
will review the company's financial results for second quarter 2005.acttel.acttel.com


39%
Communications 0.62%
Argentina 0.02%
People's Republic of China 0.02%
Dominican Republic 0.

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The
information for the call and the replay are listed below.
The Company 's headquarters are located in Denver, Colorado, with operations in
Australia, Belgium, Canada, France , Germany, Hong Kong, Singapore, the U.K.com.09%
FNMA 4 .94%
Yankee Bonds 0.21%
Preferred Stock 0.

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com/q2_2005.25% (05/15/14) 7.19%
Entertainment/Leisure 0.

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To participate in the call, please dial in at least 15 minutes prior to
the scheduled start time.,
and the U.15%
Chemicals 0.69%
Russia 4.05 yrs
Emerging Market 5.74% in bank loans and
26.

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71%
4) US Treasury Stripped Prin 0.00% (10/15/20) 2.26%
Bank Loans 3.18%
Building/Real Estate 0.26%
Total 100.56%
Indonesia 0.

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DENVER, ACT Teleconferencing, Inc. For the Internet replay,
go to http://www.37%
3) US Treasury Stripped Prin 0.43%
8) US Treasury Bonds 6.75% (05 /15/14) 2.46%
Public Utilities - Elec + Gas 0.12%
Cayman Islands 0.02%
El Salvador 0.00%

Portfolio Statistics
Percentage of Leverage:
Bank Loans: 12.

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ACM Income Fund, Inc.61%
Sovereign 22.04%
Agriculture 0.73%
Ecuador 0.70%
Venezuela 0.40%
Peru 0.05 Years

Duration:
Corporate 7.39
Number of Holdings: 332

* The total percentage of leverage constitutes 12.17% in investment operations which 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.

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About ACT Teleconferencing
Established in 1990, ACT Teleconferencing, Inc.17%
Preferred Stock: 0%
Total: 38.

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(Nasdaq: ACTT ), an independent worldwide provider of audio, video and
web-based conferencing products today announced that it plans to release
financial results for the second quarter 2005 on August 16, 2005, at 2:15 p.37%
Banking 0.34%
United Kingdom 0.23%
Uruguay 0.16%
Ukraine 0.91%*

Avg.

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91%
9) Resolution Funding Corp 0.05%
Jamaica 0.

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48%
FNMA/CMO 3 .48%
Paper/Packaging 0. P.

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For Denver and international
locations , dial 1-303-590-3000, passcode 11037074#.

CONTACT:
ACT Teleconferencing, Inc.
(NYSE: ACG) (the "Fund") today released its monthly portfolio update as of
June 30, 2005.00%

Country Breakdown
Portfolio%
United States 75.02%
Hong Kong 0.

The foregoing portfolio characteristics are as of the date indicated and
can be expected to change.

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m. ACT's Internet address
is http://www.

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A replay of the call will be available for three months.00% (03/31/30) 3.00% (08/15/13) 3.03%
Corporate:
Communications-Mobile 0.10%
Air Transportation 0.02%
Sovereign 0.25%
Mexico 3.56%
Germany 0.09%
Luxembourg 0.02%
Bulgaria 0 .01%
Total 100.

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Mountain Daylight Time. Prior to
the call, a press release outlining the financial results will be issued.19%
2) US Treasury Bonds 13.05%
Brady Bonds 0.40%
South Africa 0.18%
Panama 0. The Fund is a closed-end U.

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com /q2_2005., and virtual locations in Japan, China, Taiwan, Indonesia, Spain,
Sweden, Switzerland, Russia , Poland and South Africa.20%
Communications-fixed 0.11 yrs
High Yield 2.

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ACT Teleconferencing to Release Second Quarter 2005 Earnings



Conference Telephone Dial-In Numbers via ActionCall
Reservation number: 11037074 #
United States and Canada: 1-800-240-2430
Denver and International locations: 1-303 -262-2190

Internet via Event Center
To view the call via the Internet, please go to
http://www.63%
Industrial 0.12%
Colombia 0. Maturity: 14.70 yrs
Total Portfolio: 3.-registered management
investment company advised by Alliance Capital Management L.

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acttel.03%
Containers 0.73%
Philippines 0.

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S., Liza Kaiser
Ph: 303/233-3500, e-mail: lkaiser@acttel.99 %
6) US Treasury Bonds 12.74%
FHLMC/CMO 6.10%
FHLMC 0.13%
Petroleum Products 0 .19%
Bermuda 0.

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27%

Security Type Breakdown
Portfolio%
Treasury 46.64%
Automotive 0.03%
Insurance 0.69%
Turkey 3.74%
Investment Operations: 26.

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events. is a leading independent
worldwide provider of audio, video, and web-based conferencing products and
services to corporations, educational organizations and governments worldwide.01%
5) Russian Federation - 144a 5.74%
7) US Treasury Bonds 12.02%
Energy 0.01%
Short-term:
REPO 5.32%
Netherlands 0.


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