Net Asset Value(s)

ACM European Enhanced Inc.Fund PLC
05 August 2005


                                                                05th August 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 04/08/05


Net Asset Value in Sterling including Net Income                          0.7508


Net Asset Value in Sterling excluding Net Income                         0.7450


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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