NEW YORK, Oct. 12 /PRNewswire-FirstCall/ -- Alliance World Dollar Government Fund, Inc. [NYSE: AWG] (the "Fund") today released its monthly portfolio update as of August 31, 2006. Alliance World Dollar Government Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Russian Federation 3.00% (05/14/08) 7.38% 2) Russian Federation 5.00% (03/31/30) 5.77% 3) Brazil 11.00% (08/17/40) 5.66% 4) United Mexican States 8.00% (09/24/22) 4.49% 5) Argentina 5.59% (08/03/12) 3.28% 6) United Mexican States 8.13% (12/30/19) 3.24% 7) Russian Federation 11.00% (07/24/18) 3.05% 8) Brazil 8.25% (01/20/34) 2.99% 9) Venezuela 10.75% (09/19/13) 2.86% 10) Brazil 7.13% (01/20/37) 2.58% Security Type Breakdown Portfolio% Sovereign 84.52% Loan Part./Loan Assign. 0.21% Short-term: Time Deposit 15.27% SUBTOTAL 15.27% Total 100.00% Country Breakdown Portfolio% Russia 16.81% United States 15.27% Brazil 13.12% Mexico 13.00% Venezuela 6.42% Philippines 5.82% Argentina 5.77% Turkey 4.28% Peru 2.81% Panama 2.71% Ecuador 2.06% Colombia 2.05% Nigeria 1.64% Indonesia 1.56% Uruguay 1.40% Ukraine 1.05% Lebanon 1.02% El Salvador 0.98% Jamaica 0.59% Malaysia 0.40% Costa Rica 0.36% Dominican Republic 0.34% Bulgaria 0.33% Morocco 0.21% Total 100.00% Credit Quality Breakdown Portfolio% A 0.40% BBB 33.72% BB 39.43% B 9.12% CCC 2.06% A-1+ 15.27% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 19.01%* Preferred Stock: 0% Total: 19.01% Avg. Maturity: 11.99 Years Duration: 6.93 Years Total Net Assets: $130.7 Million Net Asset Value: $14.69 Number of Holdings: 87 * 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. The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P. DATASOURCE: Alliance World Dollar Government Fund, Inc. CONTACT: Shareholder Contact for Alliance World Dollar Government Fund, Inc., 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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