EXHIBIT (a)(1)(i)(A)

                        CONSENT OF INDEPENDENT AUDITORS

We consent to the use of our reports dated November 6, 2000 and November 12,
1999 included in this Issuer Tender Offer Statement (Schedule TO) of ACM Managed
Dollar Income Fund, Inc.



                                                /s/ Ernst & Young LLP

                                                    Ernst & Young LLP


New York, New York
March 29, 2001