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                   IMPORTANT NOTICE REGARDING YOUR INVESTMENT


                   ALLIANCE WORLD DOLLAR GOVERNMENT FUND, INC.

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                           1345 Avenue of the Americas
                               New York, NY 10105
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                                                                 January 4, 2007

Dear Stockholder:

As you may know,  a Special  Meeting of  Stockholders  of Alliance  World Dollar
Government  Fund, Inc. (the "Fund")  scheduled for December 12, 2006 to consider
the proposed  acquisition of the assets and the assumption of the liabilities of
the Fund by Alliance  World Dollar  Government  Fund II, Inc.  ("AWDGF II") (the
"Proposal")  was convened as scheduled on December 12, 2006,  but was  adjourned
until Friday, January 19, 2007, to allow additional time for the solicitation of
proxies with respect to the Proposal.  The Special Meeting will be reconvened at
1345 Avenue of the Americas, New York, New York at 11:30 a.m. Eastern Time. Only
stockholders  of record on  October  13,  2006 will be  entitled  to vote at the
reconvened Special Meeting on January 19, 2007.

AWDGF II is much larger than the Fund, with a similar  investment  objective and
slightly  broader   investment   policies.   We  anticipate  that  the  proposed
acquisition  will  result in benefits  to the  stockholders  of the Fund as more
fully described in the Prospectus/Proxy Statement previously mailed to you.

OUR RECORDS  INDICATE THAT YOU HAVE NOT YET VOTED ON THIS  PROPOSAL.  IF YOU ARE
NOT  PLANNING  TO ATTEND THE SPECIAL  MEETING,  PLEASE TAKE A MOMENT NOW TO CAST
YOUR VOTE SO THAT YOUR SHARES MAY BE REPRESENTED AT THE SPECIAL MEETING.

Another copy of your proxy ballot is enclosed for your  convenience.  Should you
have any questions  regarding  the Proposal or to vote your shares,  please call
1-800-331-5817.

To vote your  shares,  the  following  voting  options have been set up for your
convenience.

     1.   [GRAPHIC  OMITTED]  Vote by  Phone.  Cast your  vote by  telephone  by
          calling  1-800-331-5817.  Representatives are available from 9:00 a.m.
          to 10:00 p.m.  Monday to Friday and  Saturday  from 12:00 p.m. to 6:00
          p.m., Eastern Time.

     2.   [GRAPHIC  OMITTED] Vote Through the  Internet.  You may cast your vote
          using the  internet by logging on to the internet  address  located on
          the  enclosed  proxy  ballot and  following  the  instructions  on the
          website.

     3.   [GRAPHIC  OMITTED]  Vote by Mail.  You may cast your vote by  signing,
          dating and  mailing the  enclosed  proxy  ballot in the  postage  paid
          return envelope provided.

Again,  please do not hesitate to call toll-free  1-800-331-5817 if you have any
questions regarding this Special Meeting.

No matter how many shares you own,  your vote is  important.  Thank you for your
assistance with this important matter.

Sincerely,

Marc. O. Mayer
President



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