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Alliance Mutual Announces Dividends

Alliance Capital Mutual Fund has announced dividends in two of its schemes: Alliance Frontline Equity and Alliance MIP. The record date for both the dividends was August 29, 2003.

A 10 per cent dividend has been declared under the Dividend Plan of Alliance Frontline Equity Fund. While a monthly dividend of 0.80 per cent has been announced under Alliance MIP. The ex-dividend NAV date was September 1, 2003.