merchandise developing

Based
in New Berlin, Wis., IMS is one of the largest publicly traded barter
companies in the world and is continually expanding its exchange locations.

Alliance All-Market Advantage Fund Releases Monthly Portfolio Update

79%
Semiconductor Components 5.9 Million
Net Asset Value: $12.

advertising trade

(NYSE: AMO) (the "Fund") today released its monthly portfolio
update as of March 31 , 2005.

Alliance All-Market Advantage Fund, Inc.28%
Consumer Services:
Miscellaneous 10.

jewelry advertising

Under the direction of National Sales Manager, Barbara Martin,
the company's outside sales force has grown to fourteen people, with plans
to hire even more."

About International Monetary Systems

Founded in 1989, International Monetary Systems (IMS) serves more than
9,200 customers representing 14,000 cardholders in 32 U.

merchandise professional

Our present goal is to be signing up 200-plus
clients per month by the end of 2006.S.
The company's proprietary transaction network enables businesses and
individuals to trade goods and services throughout North America.

floral dealing

internationalmonetary. Actual
results could differ materially from those projected in the forward-looking
statements as a result of a number of risks and uncertainties. NEW YORK, Alliance All-Market Advantage
Fund, Inc.10%
Options 3.00%

Sector/Industry Breakdown
Portfolio%
Technology:
Communication Equipment 9.95%
Medical Services 5.50
Number of Holdings: 59

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

promotional developing

com. The words or phrases "would
be ," "will allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated ," "estimate," "projects," or similar
expressions are intended to identify "forward-looking statements " within
the meaning of the Private Securities Litigation Reform Act of 1995.59%
Computer Peripherals 1.

jewelry associations

International Monetary Systems, Ltd.

jewelry developing

Don Mardak, President and CEO of International Monetary Systems, stated,
"Our outside sales team is now well established, as we continue to hit
impressive monthly numbers in new-client sales.92%
9) St Jude Med Inc 2.16%
Energy 7. The Fund is a closed-end U.

professional networking

Managed by seasoned industry
veterans, IMS is a recognized member of the National Association of Trade
Exchanges (NATE) and International Reciprocal Trade Association (IRTA).01%
Healthcare:
Medical Products 7.

networking garden

markets.

93%
3) Qualcomm Incorporated 3.

networking floral

exchange clothing

(OTC BB: INLM), a worldwide leader in business-to-business barter services,
today announced that it enrolled a record 216 new clients in January and
February.73%

Security Type
Portfolio%
Equities:
Common Stock 94.67%
Total 100.58%
Software 3.41%
Biotechnology 4.05%
Miscellaneous 2.73%
Electrical Equipment 0.48%
Consumer Staples:
Cosmetics 1.-registered management
investment company advised by Alliance Capital Management L.P.

merchandise floral

65%
5) eBay Inc 3.22%
Capital Goods:
Miscellaneous 2.05%
Household Products 0.

advertising promotional

The offices that grew the
most for us in 2005 were the offices with the strongest sales people in
place .05%
Entertainment + Leisure 1.39%
Drugs 2.S.

developing clothing

Further information can be obtained at the company's Web site at:
www.00%

Total Net Assets: $45.

clothing floral

Using an
electronic currency known as trade dollars, IMS exchanges allow companies
to create cost savings and to improve operations by taking advantage of
barter opportunities in their business models. Statements
made herein are as of the date of this press release and should not be
relied upon as of any subsequent date.24%
7) Lowes Cos Inc 3.14 %
Multi Industry Companies 1.

representing associations

26%
Broadcasting + Cable 0.

professional dealing

Top 10 Equity Holdings
Portfolio%
1) Yahoo Inc.71%
4) Google Inc Class A 3.23%
Short-term 2.04%
Computer Hardware/Storage 6.54%
Short-term 2.

associations merchandise

International Monetary Systems

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, including those statements pertaining to
the potential creation of a trading market and to the beneficial
consequences of growth through acquisitions.31%
2) Dell Inc 3.82%
Insurance 4.37%
Retail - Food + Drug 1.49%
Consumer Manufacturing 2.

beauty dealing

PRESS RELEASE International Monetary Systems Seeing Fruitful Results From Organic-Growth Initiatives

Unless otherwise required by
applicable law, we do not undertake, and specifically disclaim any
obligation, to update any forward-looking statements to reflect
occurrences, developments , unanticipated events or circumstances after the
date of such statement.

sporting toys

So this year, we will be pulling out all stops in striving for
substantial organic growth.94%
Restaurants + Lodging 1.

garden merchandise

67%
Total 100.

This category is for professional associations dealing with Consumer Goods and/or Services.

exchange advertising

4.48%
6) Halliburton Co 3.04%
8) Juniper Networks Inc 2.88%
10) General Electric Co 2.30%
Finance:
Brokerage + Money Management 4.

This can include organizations representing a range of products, services, or a commercial business sector, or developing professional standards, networking, and information exchange.

exchange toys

69%
Retail - General Merchandise 9.