ACM Managed Dollar Income Fund, INC

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

 

Investment Company Act file number: 811-07964

 

 

 

 

 

 

 

ACM MANAGED DOLLAR INCOME FUND, INC.

(Exact name of registrant as specified in charter)

 

1345 Avenue of the Americas, New York, New York 10105
(Address of principal executive offices) (Zip code)

 

 

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: (800) 221-5672

 

Date of fiscal year end: September 30, 2008

 

Date of reporting period: December 31, 2007

 

ITEM 1. SCHEDULE OF INVESTMENTS.

ACM Managed Dollar Income Fund

Portfolio of Investments

December 31, 2007 (unaudited)

 

     Principal
Amount
(000)		    U.S. $ Value

CORPORATES - NON-INVESTMENT GRADES - 46.4%

      

Industrial - 34.7%

      

Basic - 3.0%

      

Arch Western Finance LLC

      

6.75%, 7/01/13

    US$ 165    $ 160,050

Basell AF SCA

      

8.375%, 8/15/15 (a)

      369      297,968

Citigroup (JSC Severstal)

      

9.25%, 4/19/14 (a)

      464      492,768

Domtar Corp.

      

5.375%, 12/01/13

      330      297,825

Evraz Group SA

      

8.25%, 11/10/15 (a)

      665      655,224

Freeport-McMoRan Copper & Gold, Inc.

      

8.375%, 4/01/17

      550      589,875

Georgia-Pacific Corp.

      

7.00%, 1/15/15 (a)

      250      243,125

Hexion US Finance Corp./Hexion Nova Scotia Finance ULC

      

9.369%, 11/15/14 (b)

      115      117,300

9.75%, 11/15/14

      115      124,200

Huntsman International LLC

      

7.875%, 11/15/14

      195      206,700

Ineos Group Holdings PLC

      

8.50%, 2/15/16 (a)

      385      342,650

Jefferson Smurfit Corp. US

      

8.25%, 10/01/12

      8      7,880

The Mosaic Co.

      

7.875%, 12/01/16 (a)(c)

      445      480,600

NewMarket Corp.

      

7.125%, 12/15/16

      80      79,200

NewPage Corp.

      

10.00%, 5/01/12

      285      286,425

Novelis, Inc.

      

7.25%, 2/15/15

      5      4,700

Peabody Energy Corp.

      

Series B

      

6.875%, 3/15/13

      415      417,075
         
        4,803,565
         

 

Capital Goods - 4.4%

      

Alion Science and Technology Corp.

      

10.25%, 2/01/15

    40    34,100

Allied Waste North America, Inc.

      

6.375%, 4/15/11

    610    603,900

Series B

      

7.125%, 5/15/16

    440    436,700

Associated Materials, Inc.

      

11.25%, 3/01/14 (d)

    440    281,600

Ball Corp.

      

6.875%, 12/15/12

    450    456,750

Berry Plastics Holding Corp.

      

8.875%, 9/15/14

    155    147,250

10.25%, 3/01/16

    130    113,750

Bombardier, Inc.

      

6.30%, 5/01/14 (a)

    505    493,638

8.00%, 11/15/14 (a)

    350    360,500

Case Corp.

      

7.25%, 1/15/16

    370    370,000

Case New Holland, Inc.

      

7.125%, 3/01/14

    270    269,325

Crown Americas

      

7.625%, 11/15/13

    450    460,125

Goodman Global Holdings, Inc.

      

7.875%, 12/15/12

    355    365,650

L-3 Communications Corp.

      

5.875%, 1/15/15

    420    405,300

Owens Brockway Glass Container, Inc.

      

6.75%, 12/01/14

    330    328,350

8.875%, 2/15/09

    655    657,456

Plastipak Holdings, Inc.

      

8.50%, 12/15/15 (a)

    135    135,000

Russell-Stanley Holdings, Inc.

      

9.00%, 11/30/08 (e)(f)(g)

    365    45,667

Terex Corp.

      

8.00%, 11/15/17

    65    65,812

Trinity Industries, Inc.

      

6.50%, 3/15/14

    535    525,637

United Rentals North America, Inc.

      

6.50%, 2/15/12

    5    4,538

7.75%, 11/15/13

    538    468,060
       
      7,029,108
       

Communications—Media - 5.4%

     

Allbritton Communications Co.

      

7.75%, 12/15/12

    275    272,250

AMC Entertainment, Inc.

      

11.00%, 2/01/16

    255    268,388

C&M Finance Ltd.

      

8.10%, 2/01/16 (a)

    250    247,500

Cablevision Systems Corp.

    

Series B

    

8.00%, 4/15/12

   290   281,300

CanWest MediaWorks, Inc.

    

8.00%, 9/15/12

   2   1,888

Charter Communications Operations LLC

    

8.00%, 4/30/12 (a)

   990   955,350

Clear Channel Communications, Inc.

    

5.50%, 9/15/14

   545   415,418

5.75%, 1/15/13

   290   240,131

CSC Holdings, Inc.

    

6.75%, 4/15/12

   325   310,781

7.625%, 7/15/18

   485   445,594

Dex Media West LLC

    

Series B

    

8.50%, 8/15/10

   180   182,475

DirecTV Holdings LLC

    

6.375%, 6/15/15

   605   580,800

EchoStar DBS Corp.

    

6.375%, 10/01/11

   325   321,100

6.625%, 10/01/14

   455   452,725

7.125%, 2/01/16

   160   163,200

Gallery Capital SA

    

10.125%, 5/15/13 (a)

   249   237,521

Intelsat Bermuda Ltd.

    

11.25%, 6/15/16

   577   595,752

Intelsat Subsidiary Holding Co. Ltd.

    

8.625%, 1/15/15

   285   286,425

Lamar Media Corp.

    

6.625%, 8/15/15

   200   194,500

Liberty Media Corp.

    

7.875%, 7/15/09

   120   121,829

8.25%, 2/01/30

   150   143,946

LIN Television Corp.

    

6.50%, 5/15/13

   120   112,950

Quebecor Media, Inc.

    

7.75%, 3/15/16

   570   547,200

RH Donnelley Corp.

    

Series A-2

    

6.875%, 1/15/13

   252   225,540

Series A-3

    

8.875%, 1/15/16

   235   219,725

Sinclair Television Group, Inc.

    

8.00%, 3/15/12

   2   2,037

Sirius Satellite Radio, Inc.

    

9.625%, 8/01/13

   190   179,550

Univision Communications, Inc.

    

7.85%, 7/15/11

   270   268,988

WMG Holdings Corp.

    

9.50%, 12/15/14 (d)

   400   256,000

XM Satellite Radio, Inc.

    

9.75%, 5/01/14

   170   164,475
     
    8,695,338
     

Communications - Telecommunications - 2.6%

      

Alltel Corp.

      

7.875%, 7/01/32

    285    218,025

American Tower Corp.

      

7.00%, 10/15/17 (a)

    100    100,500

7.125%, 10/15/12

    427    438,743

Citizens Communications Co.

      

6.25%, 1/15/13

    490    474,688

Cricket Communications, Inc.

      

9.375%, 11/01/14

    260    243,750

Digicel Ltd.

      

9.25%, 9/01/12 (a)

    349    355,561

Inmarsat Finance PLC

      

7.625%, 6/30/12

    372    383,160

Level 3 Financing, Inc.

      

9.25%, 11/01/14

    265    239,825

Mobile Telesystems Finance SA

      

9.75%, 1/30/08 (a)

    625    624,950

PanAmSat Corp.

      

9.00%, 8/15/14

    313    314,565

Rural Cellular Corp.

      

8.25%, 3/15/12

    165    171,187

Time Warner Telecom Holdings, Inc.

      

9.25%, 2/15/14

    100    102,250

Windstream Corp.

      

8.125%, 8/01/13

    198    204,930

8.625%, 8/01/16

    231    242,550
       
      4,114,684
       

Consumer Cyclical - Automotive - 3.9%

      

Allison Transmission

      

11.00%, 11/01/15 (a)

    75    68,250

Ford Motor Co.

      

7.45%, 7/16/31

    816    605,880

Ford Motor Credit Co.

      

4.95%, 1/15/08

    380    379,746

7.00%, 10/01/13

    443    370,077

7.993%, 1/13/12 (b)

    630    529,176

General Motors Acceptance Corp.

      

6.75%, 12/01/14

    200    161,310

6.875%, 9/15/11

    765    654,453

8.00%, 11/01/31

    260    218,107

General Motors Corp.

      

8.25%, 7/15/23

    740    588,300

8.375%, 7/15/33

    720    579,600

The Goodyear Tire & Rubber Co.

      

8.625%, 12/01/11

    59    61,508

9.00%, 7/01/15

    338    358,280

Keystone Automotive Operations, Inc.

      

9.75%, 11/01/13

    310    227,850

Lear Corp.

      

Series B

      

5.75%, 8/01/14

    210    172,200

8.50%, 12/01/13

    80    74,400

8.75%, 12/01/16

    420    382,200

TRW Automotive, Inc.

      

7.25%, 3/15/17 (a)

    580    520,550

Visteon Corp.

      

7.00%, 3/10/14

    385    288,750
       
      6,240,637
       

Consumer Cyclical - Other - 4.9%

      

Boyd Gaming Corp.

      

7.75%, 12/15/12

    155    156,938

Broder Brothers Co.

      

Series B

      

11.25%, 10/15/10

    142    109,340

Gaylord Entertainment Co.

      

8.00%, 11/15/13

    350    348,250

Greektown Holdings LLC

      

10.75%, 12/01/13 (a)

    240    233,400

Harrah’s Operating Co., Inc

      

5.625%, 6/01/15

    800    584,000

5.75%, 10/01/17

    38    25,745

6.50%, 6/01/16

    442    329,290

Host Hotels & Resorts LP

      

6.875%, 11/01/14

    185    184,075

Host Marriott LP

      

Series Q

      

6.75%, 6/01/16

    590    581,150

KB Home

      

7.75%, 2/01/10

    230    212,750

Levi Strauss & Co.

      

8.875%, 4/01/16

    225    217,687

MGM Mirage

      

6.625%, 7/15/15

    620    581,250

8.375%, 2/01/11

    620    633,950

Mohegan Tribal Gaming Auth

      

6.375%, 7/15/09

    155    155,000

7.125%, 8/15/14

    250    241,875

NCL Corp.

      

10.625%, 7/15/14

    130    129,187

Park Place Entertainment

      

7.00%, 4/15/13

    305    348,939

Penn National Gaming, Inc.

      

6.875%, 12/01/11

    280    282,800

Six Flags, Inc.

      

9.625%, 6/01/14

    150    110,625

Station Casinos, Inc.

      

6.625%, 3/15/18

    960    657,600

Turning Stone Resort Casino Enterprise

      

9.125%, 12/15/10 (a)

    300    303,000

Universal City Development Partners

      

11.75%, 4/01/10

    335    346,725

Universal City Florida Holding Co.

      

8.375%, 5/01/10

    110    110,550

William Lyon Homes, Inc.

      

10.75%, 4/01/13

    206    123,600

Wynn Las Vegas LLC/Corp.

      

6.625%, 12/01/14

    770    756,525
       
      7,764,251
       

Consumer Cyclical - Retailers - 0.9%

      

Autonation, Inc.

      

7.243%, 4/15/13 (b)

    55    50,737

Burlington Coat Factory Warehouse Corp.

      

11.125%, 4/15/14

    130    104,325

Couche-Tard, Inc.

      

7.50%, 12/15/13

    333    332,168

GSC Holdings Corp.

      

8.00%, 10/01/12

    460    478,975

Rite Aid Corp.

      

6.875%, 8/15/13

    230    167,325

9.25%, 6/01/13

    210    184,275

9.375%, 12/15/15

    165    136,950
       
      1,454,755
       

Consumer Non-Cyclical - 4.0%

     

Albertson’s, Inc.

      

7.45%, 8/01/29

    510    490,844

ARAMARK Corp.

      

8.50%, 2/01/15

    310    313,875

Chaoda Modern Agriculture

      

7.75%, 2/08/10 (a)

    519    510,561

Community Health Systems, Inc.

      

8.875%, 7/15/15

    294    299,513

DaVita, Inc.

      

7.25%, 3/15/15

    250    250,625

Dean Foods Co.

      

7.00%, 6/01/16

    125    111,250

Dole Food Co., Inc.

      

7.25%, 6/15/10

    5    4,550

8.625%, 5/01/09

    180    173,700

8.875%, 3/15/11

    92    85,100

Elan Finance PLC Elan Finance Corp.

      

7.75%, 11/15/11

    590    554,600

Hanger Orthopedic Group, Inc.

      

10.25%, 6/01/14

    190    194,750

HCA, Inc.

      

6.25%, 2/15/13

    5    4,375

6.375%, 1/15/15

    415    350,675

6.50%, 2/15/16

    290    245,050

6.75%, 7/15/13

    10    8,900

7.875%, 2/01/11

    415    404,625

9.625%, 11/15/16 (h)

    485    512,887

Healthsouth Corp.

      

10.75%, 6/15/16

    50    52,250

IASIS Healthcare Corp.

      

8.75%, 6/15/14

    345    345,000

Select Medical Corp.

      

7.625%, 2/01/15

    285    243,675

Spectrum Brands, Inc.

      

7.375%, 2/01/15

    125    92,500

Stater Brothers Holdings

      

8.125%, 6/15/12

    165    162,937

Tenet Healthcare Corp.

      

7.375%, 2/01/13

    270    236,250

9.875%, 7/01/14

    150    142,875

Ventas Realty LP CAP CRP

      

6.75%, 4/01/17

    157    155,430

Viant Holdings, Inc.

      

10.125%, 7/15/17 (a)

    168    153,720

Visant Corp.

      

7.625%, 10/01/12

    210    211,050
       
      6,311,567
       

Energy - 1.5%

      

Chesapeake Energy Corp.

      

7.50%, 9/15/13

    185    189,163

7.75%, 1/15/15

    485    494,700

CIE Generale De Geophysique

      

7.50%, 5/15/15

    145    146,813

7.75%, 5/15/17

    25    25,250

Complete Production Services, Inc.

      

8.00%, 12/15/16

    95    91,913

Grant Prideco, Inc.

      

Series B

      

6.125%, 8/15/15

    125    130,625

Hilcorp Energy I LP/Hilcorp Finance Co.

      

7.75%, 11/01/15 (a)

    115    112,987

PetroHawk Energy Corp.

      

9.125%, 7/15/13

    217    228,392

Plains Exploration & Production Co.

      

7.75%, 6/15/15

    160    160,000

Pride International, Inc.

      

7.375%, 7/15/14

    95    97,612

Range Resources Corp.

      

7.50%, 5/15/16

    265    270,300

Tesoro Corp.

      

6.25%, 11/01/12

    400    400,000
       
      2,347,755
       

Other Industrial - 0.2%

      

RBS Global, Inc. and Rexnord Corp.

      

9.50%, 8/01/14

    285    279,300

11.75%, 8/01/16

    115    112,125
       
      391,425
       

Services - 0.5%

      

Noble Group Ltd.

      

6.625%, 3/17/15 (a)

    401    380,665

Realogy Corp.

      

10.50%, 4/15/14 (a)

    175    130,812

Service Corp. International

      

6.75%, 4/01/16

    165    158,813

West Corp.

      

9.50%, 10/15/14

    80    78,400
       
      748,690
       

Technology - 2.6%

      

Amkor Technology, Inc.

      

9.25%, 6/01/16

    405    406,013

Avago Technologies Finance

      

10.125%, 12/01/13

    230    240,638

CA, Inc.

      

4.75%, 12/01/09 (a)

    200    200,608

First Data Corp.

      

9.875%, 9/24/15 (a)

    143    132,990

Flextronics International Ltd.

      

6.50%, 5/15/13

    435    421,950

Freescale Semiconductor, Inc.

      

8.875%, 12/15/14

    580    517,650

10.125%, 12/15/16

    220    181,500

Iron Mountain, Inc.

      

6.625%, 1/01/16

    410    387,962

Nortel Networks Ltd.

      

10.125%, 7/15/13 (a)

    235    242,050

NXP BV / NXP Funding LLC

      

7.993%, 10/15/13 (b)

    170    156,400

9.50%, 10/15/15

    180    164,925

Seagate Technology HDD Holding

      

6.375%, 10/01/11

    298    293,902

Serena Software, Inc.

      

10.375%, 3/15/16

    270    265,950

Sungard Data Systems, Inc.

      

9.125%, 8/15/13

    490    498,575
       
      4,111,113
       

Transportation - Airlines - 0.3%

      

AMR Corp.

      

9.00%, 8/01/12

    242    238,975

Continental Airlines, Inc.

      

8.75%, 12/01/11

    260    245,050

Series RJO3

      

7.875%, 7/02/18

    84    80,016
       
      564,041
       

Transportation - Services - 0.5%

      

Avis Budget Car Rental

      

7.75%, 5/15/16

    255    239,700

Hertz Corp.

      

8.875%, 1/01/14

    305    309,194

10.50%, 1/01/16

    235    243,225
       
      792,119
       
      55,369,048
       

Utility - 4.8%

      

Electric - 4.2%

      

The AES Corp.

      

7.75%, 3/01/14

    630    634,725

8.75%, 5/15/13 (a)

    51    53,179

Allegheny Energy Supply

      

7.80%, 3/15/11

    280    291,900

8.25%, 4/15/12 (a)

    345    368,288

Aquila, Inc.

      

14.875%, 7/01/12

    200    251,000

CMS Energy Corp.

      

8.50%, 4/15/11

    215    231,600

Dynegy Holdings, Inc.

      

7.75%, 6/01/19

    320    295,200

8.375%, 5/01/16

    425    415,438

Edison Mission Energy

      

7.00%, 5/15/17

    200    196,500

7.50%, 6/15/13

    500    512,500

7.75%, 6/15/16

    170    175,100

Energy Future Holdings Corp.

      

10.875%, 11/01/17 (a)

    175    175,875

Mirant Americas Generation LLC

      

8.50%, 10/01/21

    400    367,000

NRG Energy, Inc.

      

7.25%, 2/01/14

    85    82,875

7.375%, 2/01/16 - 1/15/17

    926    902,801

Reliant Energy, Inc.

      

7.625%, 6/15/14

    185    183,150

7.875%, 6/15/17

    225    222,750

Sierra Pacific Resources

      

8.625%, 3/15/14

    260    277,818

TECO Energy, Inc.

      

7.50%, 6/15/10

    1    1,020

Teco Finance, Inc.

      

6.572%, 11/01/17 (a)

    174    184,257

7.00%, 5/01/12 (a)

    251    265,795

Texas Competitive Electric Holdings Co. LLC

      

10.25%, 11/01/15 (a)

    130    128,700

TXU Corp.

      

Series P

      

5.55%, 11/15/14

    251    200,344

Series Q

      

6.50%, 11/15/24

    379    276,446
       
      6,694,261
       

Natural Gas - 0.6%

      

El Paso Corp.

      

7.375%, 12/15/12

    330    337,854

Enterprise Products Operating LP

      

8.375%, 8/01/66 (i)

    460    470,967

Regency Energy Partners

      

8.375%, 12/15/13

    98    100,940
       
      909,761
       
      7,604,022
       

Non Corporate Sectors - 4.2%

      

Structured Note - 4.2%

      

High Yield Total Return Trust

      

Series 2007-1

      

4.669%, 7/01/08 (a)(b)

    2,990    2,837,414

Racers

      

Series 06-6-T

      

4.851%, 7/01/08 (a)(b)

    4,200    3,909,100
       
      6,746,514
       

Financial Institutions - 1.4%

      

Banking - 0.5%

      

ALB Finance BV

      

9.25%, 9/25/13 (a)

    273    209,336

Kazkommerts International BV

      

8.50%, 4/16/13 (a)

    350    313,495

RS Finance (RSB)

      

7.50%, 10/07/10 (a)

    270    242,293
       
      765,124
       

Finance - 0.3%

      

Residential Capital LLC

      

7.875%, 6/30/10

    280    179,200

8.00%, 4/17/13

    210    129,150

8.375%, 6/30/15

    225    136,125
       
      444,475
       

Insurance - 0.2%

      

Crum & Forster Holdings Corp.

      

7.75%, 5/01/17

    220    215,875

Liberty Mutual Group, Inc.

      

7.80%, 3/15/37 (a)

    95    83,923
       
      299,798
       

Other Finance - 0.2%

      

Trains HY-1-2006

      

7.117%, 5/01/16 (a)

    440    427,003

REITS - 0.2%

      

American Real Estate Partners LP

      

7.125%, 2/15/13 (a)

    315    296,100
       
      2,232,500
       

Credit Default Index Holdings - 1.3%

      

DJ CDX.NA.HY-100 - 1.3%

      

CDX North America High Yield

      

Series 8-T1

      

7.625%, 6/29/12 (a)

    1,100    1,067,000

Dow Jones CDX HY

      

Series 4-T1

      

8.25%, 6/29/10 (a)

    945    978,334
       
      2,045,334
       

Total Corporates - Non-Investment Grades (cost $81,869,957)

       73,997,418
       

EMERGING MARKETS - NON-INVESTMENT GRADES - 41.9%

      

Non Corporate Sectors - 41.1%

      

Sovereign - 41.1%

      

Argentina - 2.1%

      

Republic of Argentina

      

5.389%, 8/03/12 (b)

    1,180    1,048,887

8.28%, 12/31/33

    2,124    2,020,885

Series V

      

7.00%, 3/28/11

    275    253,779
       
      3,323,551
       

Brazil - 8.8%

      

Republic of Brazil

      

6.00%, 1/17/17

    1,373    1,394,968

7.125%, 1/20/37

    5,272    5,996,900

8.25%, 1/20/34

    1,949    2,458,663

8.75%, 2/04/25

    515    652,763

8.875%, 10/14/19

    2,794    3,471,545
       
      13,974,839
       

Colombia - 1.8%

     

Republic of Colombia

      

7.375%, 9/18/37

    950    1,056,875

10.75%, 1/15/13

    237    290,918

11.75%, 2/25/20

    1,028    1,529,150
       
      2,876,943
       

Costa Rica - 0.3%

     

Republic of Costa Rica

      

8.05%, 1/31/13 (a)

    181    197,109

8.11%, 2/01/12 (a)

    188    203,040
       
      400,149
       

Dominican Republic - 0.3%

     

Dominican Republic

      

8.625%, 4/20/27 (a)(b)

    370    425,500
       

Ecuador - 0.8%

      

Republic of Ecuador

      

10.00%, 8/15/30 (a)(c)

    1,380    1,335,150

El Salvador - 0.6%

      

El Salvador Government International Bond

      

7.625%, 9/21/34 (a)

    150    174,375

7.65%, 6/15/35 (a)

    355    407,363

8.50%, 7/25/11 (a)

    400    439,796
       
      1,021,534
       

Indonesia - 2.3%

      

Indonesia Government International Bond

      

6.625%, 2/17/37 (a)

    520    494,675

6.75%, 3/10/14 (a)

    945    973,350

6.875%, 3/09/17 (a)

    378    392,175

7.25%, 4/20/15 (a)

    976    1,028,704

7.50%, 1/15/16 (a)

    270    289,980

8.50%, 10/12/35 (a)

    390    454,935
       
      3,633,819
       

Jamaica - 0.3%

      

Government of Jamaica

      

9.25%, 10/17/25

    100    112,750

10.625%, 6/20/17

    270    323,325
       
      436,075
       

Lebanon - 0.7%

      

Lebanese Republic

      

7.875%, 5/20/11 (a)

    325    317,687

10.125%, 8/06/08 (a)

    556    559,636

11.625%, 5/11/16 (a)

    146    168,753
       
      1,046,076
       

Pakistan - 0.2%

      

Republic of Pakistan

      

6.875%, 6/01/17 (a)

    438    354,780
       

Panama - 3.3%

      

Republic of Panama

      

6.70%, 1/26/36

    3    3,169

7.125%, 1/29/26

    927    1,024,335

7.25%, 3/15/15

    1,728    1,900,800

8.875%, 9/30/27

    724    939,390

9.375%, 7/23/12 - 4/01/29

    1,153    1,475,445
       
      5,343,139
       

Peru - 2.8%

      

Republic of Peru

      

7.35%, 7/21/25

    1,660    1,884,100

8.375%, 5/03/16

    951    1,115,048

8.75%, 11/21/33

    1,049    1,389,925

9.875%, 2/06/15

    19    23,636
       
      4,412,709
       

Philippines - 5.3%

      

Republic of Philippines

      

7.50%, 9/25/24

    1,059    1,191,375

7.75%, 1/14/31

    555    641,857

8.25%, 1/15/14

    226    254,589

8.375%, 2/15/11

    31    33,449

8.875%, 3/17/15

    1,888    2,221,232

9.00%, 2/15/13

    44    50,105

9.50%, 2/02/30

    249    334,594

9.875%, 1/15/19

    2,628    3,440,052

10.625%, 3/16/25

    205    294,175
       
      8,461,428
       

Russia - 0.1%

      

Alfa Bond Issuance PLC

      

8.625%, 12/09/15

    225    216,511
       

Turkey - 5.6%

      

Republic of Turkey

      

6.875%, 3/17/36

    1,611    1,582,808

7.00%, 6/05/20

    1,950    2,021,175

7.375%, 2/05/25

    1,523    1,610,572

9.50%, 1/15/14

    151    176,859

11.00%, 1/14/13

    1,469    1,798,056

11.50%, 1/23/12

    1,447    1,754,487
       
      8,943,957
       

Ukraine - 0.4%

      

Ukraine Government International Bond

      

6.58%, 11/21/16 (a)

    334    328,990

6.75%, 11/14/17 (a)

    228    222,300

7.65%, 6/11/13 (a)

    112    118,888
       
      670,178
       

Uruguay - 1.2%

      

Republic of Uruguay

      

7.625%, 3/21/36

    140    152,600

7.875%, 1/15/33 (h)

    1,083    1,213,014

9.25%, 5/17/17

    505    608,525
       
      1,974,139
       

Venezuela - 4.2%

      

Republic of Venezuela

      

5.75%, 2/26/16

    2,115    1,712,745

6.00%, 12/09/20

    233    176,498

6.18%, 4/20/11 (a)(b)

    120    108,528

7.00%, 12/01/18 (a)

    610    520,940

7.65%, 4/21/25

    1,942    1,677,403

8.50%, 10/08/14

    1,165    1,127,137

9.25%, 9/15/27

    1,123    1,120,192

9.375%, 1/13/34

    318    316,410
       
      6,759,853
       
      65,610,330
       

Corporate Sectors - 0.8%

      

Financial Institutions - 0.6%

      

Banking - 0.3%

      

Banco BMG SA

      

9.15%, 1/15/16 (a)

    450    457,123
       

Finance - 0.3%

      

IIRSA Norte Finance Ltd.

      

8.75%, 5/30/24 (a)

    417    473,044
       
      930,167
       

Industrial - 0.2%

      

Consumer Cyclical - Other - 0.2%

      

Royal Caribbean Cruises Ltd.

      

8.00%, 5/15/10

    235    242,949
       

Total Emerging Markets - Non-Investment Grades

(cost $61,709,772)

       66,783,446
       

GOVERNMENT-RELATED - NON-U.S. ISSUERS - 10.4%

      

Sovereigns - 10.4%

      

Bulgaria - 0.2%

      

Republic of Bulgaria

      

8.25%, 1/15/15 (a)

    355    415,350
       

Malaysia - 1.7%

      

Malaysia

      

7.50%, 7/15/11

    2,441    2,674,294
       

Mexico - 2.8%

      

United Mexican States

      

Series A

      

8.00%, 9/24/22

    3,656    4,493,224
       

Russia - 5.5%

      

Russian Federation

      

7.50%, 3/31/30 (a)(c)

    7,119    8,097,965

11.00%, 7/24/18 (a)

    435    620,962
       
      8,718,927
       

South Africa - 0.2%

      

Republic of South Africa

      

5.875%, 5/30/22

    200    198,000

7.375%, 4/25/12

    142    153,715
       
      351,715
       

Total Government-Related - Non-U.S. Issuers

(cost $12,862,457)

       16,653,510
       

CORPORATES - INVESTMENT GRADES - 7.3%

      

Industrial - 4.0%

      

Basic - 0.7%

      

Southern Copper Corp.

      

7.50%, 7/27/35

    300    317,733

Vale Overseas Ltd.

      

6.875%, 11/21/36

    404    408,691

Weyerhaeuser Co.

      

7.375%, 3/15/32

    315    316,117
       
      1,042,541
       

Communications - Telecommunications - 1.2%

      

Qwest Corp.

      

8.875%, 3/15/12

    1,360    1,455,200

Sprint Capital Corp.

      

6.875%, 11/15/28

    250    237,091

8.75%, 3/15/32

    145    163,443
       
      1,855,734
       

Consumer Cyclical - Retailers - 0.1%

      

Limited Brands, Inc.

      

5.25%, 11/01/14

    187    167,846
       

Consumer Non-Cyclical - 0.8%

      

Cadbury Schweppes US Finance LLC

      

5.125%, 10/01/13 (a)

    180    179,895

Reynolds American, Inc.

      

7.25%, 6/01/12 - 6/01/13

    825    871,562

7.625%, 6/01/16

    290    308,269
       
      1,359,726
       

Energy - 1.1%

      

Gazprom

      

6.212%, 11/22/16 (a)

    100    97,020

6.51%, 3/07/22 (a)

    1,200    1,140,840

TNK-BP Finance SA

      

7.50%, 7/18/16 (a)

    575    560,661
       
      1,798,521
       

Technology - 0.1%

      

Electronic Data Systems Corp.

      

Series B

      

6.50%, 8/01/13

    178    179,986
       
      6,404,354
       

Financial Institutions - 1.4%

      

Banking - 0.4%

      

Royal Bank of Scotland Group PLC

      

7.648%, 9/30/31 (i)

    74    76,348

Russia Agriculture Bank Rshb C

      

6.299%, 5/15/17 (a)

    163    154,084

VTB Capital SA

      

6.609%, 10/31/12 (a)

    410    402,415
       
      632,847
       

Brokerage - 0.3%

      

Bear Stearns Co., Inc.

      

5.55%, 1/22/17

    265    237,496

Lehman Brothers Holdings, Inc.

      

5.75%, 1/03/17

    355    341,029
       
      578,525
       

Finance - 0.5%

      

Capital One Financial Corp.

      

6.75%, 9/15/17

    87    83,444

CIT Group, Inc.

      

5.125%, 9/30/14

    270    237,835

Countrywide Financial Corp.

      

6.25%, 5/15/16

    180    103,602

Series MTN

      

5.80%, 6/07/12

    62    45,291

Countrywide Home Loans, Inc.

      

Series MTNL

      

4.00%, 3/22/11

    6    4,332

SLM Corp.

      

4.50%, 7/26/10

    130    119,236

5.125%, 8/27/12

    195    174,415
       
      768,155
       

Insurance - 0.2%

      

Liberty Mutual Group, Inc.

      

5.75%, 3/15/14 (a)

    280    285,157
       
      2,264,684
       

Utility - 1.0%

      

Electric - 0.4%

      

AES El Salvador Trust

      

6.75%, 2/01/16 (a)

    270    267,705

FPL Group Capital, Inc.

      

6.35%, 10/01/66 (i)

    310    293,195
       
      560,900
       

Natural Gas - 0.6%

      

Williams Cos, Inc.

      

7.625%, 7/15/19

    930    1,007,887
       
      1,568,787
       

Non Corporate Sectors - 0.9%

      

Agencies - Not Government Guaranteed - 0.9%

      

Gaz Capital for Gazprom

      

6.51%, 3/07/22 (a)

    798    771,506

Petronas Capital Ltd.

      

7.00%, 5/22/12 (a)

    614    668,505
       
      1,440,011
       

Total Corporates - Investment Grades

(cost $11,481,473)

       11,677,836
       
     Shares     

NON-CONVERTIBLE - PREFERRED STOCKS - 0.4%

      

Non Corporate Sectors - 0.3%

      

Agencies - Government Sponsored - 0.3%

      

Federal Home Loan Mortgage Corp.

      

8.375%

    6,750    176,512

Federal National Mortgage Association

      

8.25%

    9,550    245,913
       
      422,425
       

Financial Institutions - 0.1%

      

REITS - 0.1%

      

Sovereign REIT

      

12.00% (a)

      185      241,425  
           

Total Non-Convertible - Preferred Stocks

(cost $575,850)

         663,850  
           
     Principal
Amount
(000) 		      

GOVERNMENT-RELATED - U.S. AGENCIES - 0.2%

     

Agency Debentures - 0.2%

     

Pemex Project Funding Master Trust

      

5.75%, 3/01/18 (a)

(cost $283,078)

    US$ 285      284,288  
           
     Shares       

WARRANTS - 0.1%

     

Central Bank of Nigeria, expiring 11/15/20 (j)

      1,000      230,000  

Republic of Venezuela, expiring 4/15/20 (j)

      7,140      0  
           

Total Warrants (cost $0)

         230,000  
           
     Principal
Amount
(000)		       

ASSET BACKED SECURITIES - 0.1%

     

Other - Floating Rate - 0.1%

     

Petra CRE CDO Ltd.

      

Series 2007-1A, Class C

      

5.965%, 2/25/47 (a)(b)

(cost $109,037)

   US$ 110      109,375  
           
     Shares       

SHORT-TERM INVESTMENTS - 1.3%

      

Investment Companies - 1.3%

      

AllianceBernstein Fixed-Income Shares, Inc. - Prime STIF Portfolio (k)

(cost $2,047,459)

      2,047,459      2,047,459  
           

Total Investments - 108.1%

      

(cost $170,939,083)

         172,447,182  

Other assets less liabilities - (8.1)%

         (12,962,657 )
           

Net Assets - 100.0%

       $ 159,484,525  
           

CREDIT DEFAULT SWAP CONTRACTS

 

Swap Counterparty &

Referenced Obligation

    Notional
Amount
(000)		    Interest
Rate		     Termination
Date		    Unrealized
Appreciation/
(Depreciation)		  

Sale Contracts:

           

Citigroup Global Markets, Inc. Republic of Philippines 10.625% 3/16/25

    $ 510    4.95 %   3/20/09    $ 31,390  

JPMorgan Chase Gazprom OAO 10.50%, 10/21/09

      1,490    1.04     10/20/10      (14,718 )

Lehman Brothers Republic of Venezuela 9.25%, 9/15/27

      1,920    0.69     3/21/08      (2,445 )

REVERSE REPURCHASE AGREEMENTS

 

Broker

    Interest Rate     Maturity    Amount

Deutche-Alex Brown

    3.90 %   1/15/08    $ 1,031,208

Deutche-Alex Brown

    3.95     1/15/08      6,060,136

Deutche-Alex Brown

    4.00     1/15/08      925,066

Deutche-Alex Brown

    4.00     1/15/08      3,339,599

Deutche-Alex Brown

    3.90     12/31/08      1,237,298

Deutche-Alex Brown

    4.40     12/31/08      3,621,450
           
        $ 16,214,757
           

 

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2007, the aggregate market value of these securities amounted to $45,296,514 or 28.4% of net assets.

 

(b) Floating Rate Security. Stated interest rate was in effect at December 31, 2007.

 

(c) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at December 31, 2007.

 

(d) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity.

 

(e) Illiquid security, valued at fair value. (See note A)

 

(f) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security, which represents 0.0% of net assets as of December 31, 2007, is considered illiquid and restricted.

 

Restricted

Securities

    Acquisition
Date		    Acquisition
Cost		    Market
Value		    Percentage of
Net Assets		  

Russell-Stanley Holdings, Inc.

            

9.00%, 11/30/08

    2/26/99    $ 4,895,369    $ 45,667    0.03 %

(g) Security is in default and is non-income producing.
(h) Pay-In-Kind Payments (PIK).
(i) Variable rate coupon, rate shown as of December 31, 2007.
(j) Non-income producing security.
(k) Investment in affiliated money market mutual fund.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

  

DESCRIPTION OF EXHIBIT

3 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant): ACM Managed Dollar Income Fund, Inc.
By:   /s/ Marc O. Mayer
  Marc O. Mayer
  President

Date: February 22, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ Marc O. Mayer
 

Marc O. Mayer

President

Date: February 22, 2008

 

By:   /s/ Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer

Date: February 22, 2008