63% (01/31/05) 11.69 %
10) Williams CO Inc 7.16%
Entertainment/Leisure 1.57%
Retail 0., with packages available to Las Vegas, Caribbean, Florida, Reno -
Lake Tahoe, Bermuda, Europe, Arizona, California, Mexico, New York City,
Boston, Hawaii and Costa Rica. As the travel division of World Access Service Corp.

Sites listed here are only those with multiple locations in two or more countries within North America.

transportation great

ACM Managed Income Fund Releases Monthly Portfolio Update

51%
Yankee Bonds 0.09%
Corporate:
Industrial 2.39%
Healthcare 2.32%
Restaurants 0.46%
United Kingdom 0.

About US Airways
US Airways and America West's recent merger creates the fifth largest
domestic airline employing 35,000 aviation professionals.

mexico border

81%
Aerospace/Defense 0. P. Post-Departure Travel Insurance Benefits Will Complement
Existing Waiver Program

RICHMOND, Va.americawest.

This category contains links to categories within the North America region that contain sites related to Travel and Tourism.

mexico countries

50%
7) Dow Jones Cdx Hy (100) 3-1 7.16%
Total 100.

Packages may
be reserved through a travel agent or by calling 800-455-0123 or by visiting
http://www.

mexico roads

ACM Managed Income Fund, Inc.

Top 10 Fixed-Income Holdings
Portfolio%
1) US Treasury Bonds 8.75% (08/15/05) 9.41%
Bermuda 0.S.usairwaysvacations . World Access Service Corp. is a member of the
Mondial Assistance Group, an international leader in travel insurance and
assistance with 37 operations centers spanning 29 countries.

contain travelogues

00% (04/30/12 ) 0.55%
Mexico 0.00 per person for international travel.

mexico us

96%
3) US Treasury Bonds 10. This press release and additional information on
US Airways can be found at http://www.

within roads

49%
Derivatives 2.48%
Ireland 0.47%
France 0.32%
Singapore 0.com and through the company's reservation
center.

About US Airways Vacations
US Airways Vacations is one of the largest vacation package companies in
the U.usairways .

great appropriate

33%
Publishing 1.11%
Metals/Mining 1.86%
Broadcasting/Media 0.85%
Food/Beverage 0."
"Buying the Travel Protection Plan through US Airways Vacations is a great
way for travelers to easily protect their trip investment and their vacation
memories," said Beth Godlin, Senior Vice President of Travel Markets for
Access America.com or
http://www.

All other sites are listed in their appropriate country, location and category.

contain bermuda

39%
6) US Treasury Bonds 5.63% (07/15/19) 0.4 Million
Net Asset Value: $4.

appropriate listed

51%
Communications-fixed 2.21%
Service 1. Visit
http: //www.

bermuda bars

00% (08/15/13) 8.

contain great

77%
2) US Treasury Notes 1.55%
5) US Treasury Bonds 11.39%
8) Qwest Corp 8.66%

Security Type
Portfolio%
Treasury 54.99%
Financial 0.02%
Total 100.63 Years
Total Net Assets: $196.

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

within roads

NEW YORK, ACM Managed Income Fund, Inc. Maturity: 8. The Fund is a closed-end U.
"Our customers have enjoyed the peace of mind that our waiver program
provides," says Travis Christ , vice president, sales and marketing for US
Airways. "This insurance gives their customers convenience ,
affordability and peace of mind. US Airways, US
Airways Shuttle and US Airways Express operate approximately 4,000 flights per
day and serve more than 225 communities in the U.accessamerica.

greenland us

38 % (02/15/31) 4.88%
Preferred Stock 0 .69%
Paper/Packaging 2.55%
Cable 2.32%
Liberia 0.00 per person for
domestic travel and $69.com.

roads travelogues

08%
Automotive 1.03%
Supermarket/Drug 0 .14%
Short-term:
Time Deposit 1.

categories travelogues

-registered management
investment company advised by Alliance Capital Management L. Beginning this month, US Airways Vacations customers can purchase the
Travel Protection Plan, which combines US Airways Vacations ' existing
cancellation waiver with new Access America post-departure insurance benefits
and 24 -hour emergency assistance services.

within bermuda

70%
Energy 2.17%
Public Utilities - Elec + Gas 2.58%
Public Utilities - Gas 0.

mexico greenland

[NYSE: AMF] (the "Fund") today released its monthly portfolio update as of
December 31, 2004.73%
4) US Treasury Bonds 12.89%
Gaming 2.09%
Technology 1.76%
Containers 0.07 Years
Duration: 4., Canada, Europe, the
Caribbean and Latin America.

appropriate region

75% (12/29/09) 2.95%
9) Charter Comm Opt Llc 144a 8.37%
Consumer Manufacturing 1.21
Number of Holdings: 213

* Represents issued and outstanding preferred stock."
The Travel Protection Plan will be offered to US Airways Vacations
customers as part of the cancellation waiver for only $49.S.

contain categories

32%
Insurance 1.00%

Holdings by Issuer Country
Portfolio%
United States 95.07%*
Total: 46.

us region

89%
Chemicals 0.61%
Canada 1., Access America, a leading provider
of travel insurance and assistance, and US Airways Vacations today announced a
partnership to offer travel protection to travelers booking vacations on
http://www. "By including Access America post-departure benefits, our customers
will save time and money by one-stop-shopping for all their travel protection
needs., a
global leader in insurance products and emergency assistance services, Access
America uses cutting-edge technology to deliver customized solutions that
increase revenue and enhance value for travel agents, travel suppliers, credit
card companies and more.

travel listed

875 3/15/12 144a 9.43%
Building/Real Estate 1.com.

multiple roads

13% (03/15/12) 0.07%

Avg.

Access America and US Airways Vacations Partner to Protect Customers' Travel Investments and Vacation Memories

usairwaysvacations.

About Access America
Access America provides travel insurance and assistance to millions of
travelers each year.

greenland roads

13% (08/15/19) 13.25% (02/15/15) 6.68%
Communications-Mobile 1.53%
Hotel/Lodging 1.22%
Bahamas 0.00%

Percentage of Leverage:
Bank Loans: 0%
Investment Operations: 0%
Preferred Stock: 46. It must be
purchased at the time that travel arrangements are booked and paid for.S. Packages include roundtrip airfare, hotel
accommodations and other options such as tours and rental cars.com.

border appropriate

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