Dividend Declaration

ACM European Enhanced Inc.Fund PLC
05 January 2005

ACM EUROPEAN ENHANCED INCOME FUND PLC



Announcement of Dividend



05 January 2005



The Board of ACM European Enhanced Income Fund Plc (the 'Fund') announces that
the interim dividend for the three months to 31 December 2004 will be 1.30p per
share, to be paid on 25 January 2005 to shareholders on the register on 14
January 2005. Ex dividend dealings are expected to commence on 12 January 2005.



Enquiries:



Geoffrey Hyde

Alliance Capital

Tel. [phone]



Close Brothers Securities

David Benda / Nathan Brown

Tel. [phone] / 5572




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