food
exports -- these barriers inhibit U. "Lawmakers
need to remember that, according to the U.
All of us in this room understand that to keep our economy growing and
creating jobs, we need to open markets for American products overseas. These nations
still face forces that oppose democracy, seek to limit economic freedom, and
want to drive a wedge between the United States and the rest of the Americas.)

(The bill is signed.16%
Venezuela 4.

ambassador mystic

Department of Agriculture, each
U. And, Stephanie,
thank you for being here.
We're honored to be joined by the Chairman of the Senate Foreign Relations
Committee, Dick Lugar. All of
us understand that strengthening our economic ties with our democratic
neighbors is vital to America's economic and national security interests .
By leveling the playing field for our products, CAFTA will help create
jobs and opportunities for our citizens.S.
The small nations of CAFTA are making big and brave commitments, and CAFTA is
a signal that the United States will stand with them and support them. And this will make our country safer.01%
Indonesia 0.32%

Avg.

thorough beans

This economic growth will boost demand for U. This economic growth
will raise working standards and will deliver hope and opportunity to people
who have made the choice for freedom.02
Number of Holdings: 68

* 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.

honduras bordered

sugar production, or approximately an $80. The more opportunity that Central
Americans have at home to provide for themselves and their families means it's
less likely that someone looking for a job will try to come to this country
illegally .
CAFTA is more than a trade bill; it is a commitment among freedom-loving
nations to advance peace and prosperity throughout the region.

Alliance World Dollar Government Fund Releases Monthly Portfolio Update

41%
7) United Mexican States 9.01%
Philippines 4.

ended smallest

S.
Last week, Congress passed the Central American-Dominican Republic Free Trade
Agreement . I want to thank the Special
Envoy Garcia from Honduras.00% (08/17/40) 6. 0.01%
Turkey 3. P.

ended metaphysics

farm export dollar earned stimulates another $1.M.00% (08/15/30) 3.67%
Panama 2.

mystic ended

"
CAFTA-DR would eliminate trade barriers between the U.13% (12/30/19) 5.59%
Morocco 0.

briefs suffered

5 percent of domestic U.1 billion domestic industry -- hardly the
threat to domestic sugar production the industry is claiming.?" asked Yeutter. Approving CAFTA-DR is a
crucial step in this process and the Food Trade Alliance will do its best to
convince Congress that the agreement is in the best interests of the U.

Remarks by President Bush Upon Signing the Dominican Republic-Central American Free Trade Agreement Implementation Act

The bill I'm about to sign is good for
America.62%
Uruguay 1.8 Million
Net Asset Value: $14.

1839 sugar

I appreciate Secretary Carlos Gutierrez of the
Department of Commerce for his good work. I appreciate you coming, Senator.79%
6) Ecuador (Republic) - Reg S 8. Maturity: 13.-registered management
investment company advised by Alliance Capital Management L.

It achieved independence from Spain in 1821 and from the Central American Federation in 1839.

El Salvador ended a 12-year civil war, which cost about 75,000 lives, in 1992.

honduras dollar

companies and trade associations from all major industries that purchase
food and food products, today urged Congress to approve the Central American
and Dominican Republic Free Trade Agreement (CAFTA-DR), calling the agreement
a "win-win" for U.S.S. exports to Central America still face
hefty tariffs there. (NYSE: AWG) (the "Fund") today released its monthly
portfolio update as of January 31, 2005.46%
Loan Part.40%
Ukraine 4.

Agricultural products include coffee, sugar, corn, rice, and beans.

currency portals

S.S. companies trying to increase sales in
these countries," said Clayton Yeutter, former U. The
agreement enjoys broad support among U. Welcome to the White House.
By strengthening the democracies in the region , CAFTA will enhance our
nation's security.)

END 11:21 A.57%
9) Brazil (Republic of) 12.44%

Security Type

Portfolio%

Sovereign 85.22%
Brady Bonds 1.11%
Argentina 4.

Since then the country has suffered from Hurricane Mitch in 1998 and earthquakes in 2001.

Exports include offshore assembly products, coffee, and sugar.

bordered mystic

consumers, consuming industries, producers and exporters,
and an important step in lowering food trade barriers around the world.S.
We need to set the stage for reform to make reciprocal changes possible by our
trading partners to open their markets to America's leading farm and processed
food products. WASHINGTON, The following are remarks by President
Bush upon signing the Dominican Republic-Central American Free Trade Agreement
Implementation Act:

The East Room

11:15 A. Welcome.31%
5) Brazil (Republic) C Bonds Int 8.10%
Mexico 16.43%
Total 100.

mitch msn

S."
"Our actions speak louder than our words.S.) (Applause .00% (03/31/30) 10.

ambassador 1839

Secretary of Agriculture
and U. and Costa Rica,
El Salvador, Guatemala , Honduras, Nicaragua and the Dominican Republic.

I appreciate the vision and leadership of Bob Zoellick and Rob
Portman and the many others who worked hard to get this agreement passed . By the way, Espinal is Dominican Republic; Ambassador
Stadthagen is from Nicaragua; Duenas is from Costa Rica. And I want to thank
Jose Insulza, who is the Secretary General of the Organization of American
States, for joining us.
And now it's my honor to invite the members of the Congress to join me as
I sign the legislation that will implement the Central American Dominican
Republic Free Trade Agreement.52%
3) United Mexican States 8.75% (01/15/20) 2./Loan Assign.00%

Holdings by Issuer Country
Portfolio %
Brazil 18.

msn honduras

S. Senator Norm Coleman, who is the Chairman of the Foreign Relations
Committee, Western Hemisphere Subcommittee. Bienvenidos.
By further opening up their markets, CAFTA will help those democracies attract
the trade and investment needed for economic growth. goods and reduce poverty
and contribute to the rise of a vibrant middle class.62%
8) Venezuela (Republic of) 9.

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

The official currency is the US dollar.

earthquakes metaphysics

WASHINGTON, The Food Trade Alliance, composed of
U.
"CAFTA-DR represents an important step in lowering food and agricultural
barriers worldwide and will set the stage for negotiating the lowering of food
trade barriers at the World Trade Organization (WTO) during the Doha round. consuming industries, but well -
financed single-interest groups, such as the sugar industry, are spending
millions of dollars to defeat it.
The Food Trade Alliance was created to raise awareness among policymakers
and the public of the importance of worldwide food and agricultural trade
reform. And
all of us understand that by strengthening ties with democracies in our
hemisphere, we are advancing the stability that comes from freedom.
Right now, Central American goods face almost no tariffs when they enter
the United States. By contrast, U.

Alliance World Dollar Government Fund, Inc.

1821 1839

Trade Representative and Senior Advisor to the Food Trade Alliance. EDT

THE PRESIDENT: Thanks for the warm welcome. I'm pleased that Congress has taken a step to eliminate the barriers
to America 's goods and crops to 44 million customers. I
want to thank the Secretary of State, Condi Rice, for the outstanding job
she's doing on behalf of the American people. (Applause.36%
4) United Mexican States 8.25% (09/15/27) 2.00% (05/14/08) 2.86%
Colombia 2.

achieved dollar

S. I want to thank the Republicans and Democrats who came together to
support this important agreement. I want to thank Secretary Mike
Johanns from the Department of Agriculture for joining us. I appreciate
Ambassador Leon from El Salvador, who is with us. I appreciate Ana Escobar, who is the Vice
President of El Salvador, for joining us. NEW YORK, Alliance World Dollar
Government Fund, Inc.89%
Total 100 .

It is the smallest country in Central America.

currency 1821

Food Trade Alliance Endorses CAFTA-DR: Agreement Will Open Markets for U.S. Food Exports

As CAFTA helps create jobs and
opportunity in the United States, it will help the democracies of Central
America and the Dominican Republic deliver a better life for their citizens.43%
Short-term:
Time Deposit 12.06%
United States 12.89%
Ecuador 4.85%
El Salvador 0.67%
Jamaica 0.00%

Percentage of Leverage:
Bank Loans: 0%
Investment Operations: 7.

honduras achieved

S."
"How can we urge countries around the world to take bold steps toward
bringing down global trade barriers if Congress won't approve an agreement
that will bring substantial benefits to the U.61 in business activity . leadership in the
Doha round of WTO talks is absolutely necessary. Its members include Consumers for World Trade, National Retail
Federation, National Restaurant Association, Food Marketing Institute ,
National Council of Chain Restaurants, National Fisheries Institute, Consuming
Industries Trade Action Coalition and other trade associations and companies
representing the food processing, restaurant , retail and other sectors.
And to ensure that the 21st century is one of prosperity and freedom and
security, my administration will continue to work to strengthen democracy and
open markets for American exports all across the world.00% (09/24/22) 5.88% (02/01/10) 2.54%
10) Russia (Ministry of Finance) 3.64%
Russia 15.93%
Bulgaria 0.

beans 1821

S.M. I'm honored you're
here . EDT

dollar thorough

S.S.
I appreciate los Embajadores from the Central American countries:
Ambassador Duenas, Ambassador Stadthagen, Ambassador Espinal, Ambassador
Castillo de Guatemala. Today, they 're working
democracies, and we must not take these gains for granted.

Top 10 Fixed -Income Holdings
Portfolio%
1) Russian Federation - Reg S Iss 5.

factbook bordered

"Domestic sugar interests appear to oppose the agreement just as a matter
of rigid protectionism," continued Yeutter. If the United States hopes to
open markets around the world, reduce the cost of food worldwide, and help
developing countries better the lives of their people, U. I appreciate Congressman Clay
Shaw, who is the Chairman of the House Ways and Means Trade Subcommittee --
I'm honored that these three members of Congress are standing with us today. By
helping the CAFTA nations build free societies, we'll help them eliminate the
lawlessness and instability that terrorists and criminals and drug traffickers
feed on.00% (04 /15/14) 4.

beans ambassador

"CAFTA-DR will remove trade barriers in Central America for U.S. Farm
Bureau , increased sugar imports resulting from CAFTA-DR will amount to only
1.S. Two decades ago, many of the CAFTA nations struggled with
poverty and dictatorship and civil strife.43%
2) Brazil (Republic of) 11. The Fund is a closed-end U.

El Salvador is located on the Pacific coast of Central America, bordered by Guatemala to the northwest and Honduras to the northeast.

1839 portals

"According to the U.5
million negative impact on a $2.
economy and the American people," concluded Yeutter.
I welcome the opportunity to make our nation more secure by strengthening
our ties with democracies that share our belief in free markets and free
government. CAFTA will end these unfair tariffs against American
products and help ensure that free trade is fair trade. As the oldest
democracy in the Western Hemisphere, the United States has a moral obligation
and a vital national security interest in helping democracies in our
neighborhood succeed, and CAFTA advances this goal.99%
Peru 2.32%*
Preferred Stock: 0%
Total: 7.85 Years
Duration: 6 .13 Years
Total Net Assets: $124.S.