Change of Adviser

ACM European Enhanced Inc.Fund PLC
13 November 2002



ACM EUROPEAN ENHANCED INCOME FUND PLC

CHANGE OF ADVISER


13 November 2002


The Directors of ACM European Enhanced Income Fund PLC are pleased to announce
the appointment today of Close Brothers Securities as corporate broker to the
Fund, replacing HSBC Investment Bank plc.


Enquiries:

Geoffrey Hyde, Alliance Capital Limited

Tel: [phone]

Tom Durie, Close Brothers Securities

Tel. [phone]



Note: Close Brothers Securities is a division of Winterflood Securities Limited




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