Net Asset Value(s)

ACM European Enhanced Inc.Fund PLC
29 July 2005


                                                                  29th July 2005


Re:     ACM European Enhanced Income Fund plc



Please find below the latest weekly Net Asset Value per share of the above fund
as at 28/07/05


Net Asset Value in Sterling including Net Income            0.7440


Net Asset Value in Sterling excluding Net Income            0.7393


Please note that State Street International is authorised to issue the ACM Euro
Enhanced price.




Kind regards,



_________________

Melissa Connell

Transfer Agency

State Street International (Irl) Limited


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