Alliance Capital Management has picked Den norske Bank as the exclusive Norway distributor of its 22 Luxembourg-domiciled offshore mutual funds.

Initially just five of the ACM funds -- including the American growth, European growth, and international health-care portfolios -- will become available next month through brokers in Norway on a solicited basis only. The New York company's entire menu of ACM funds had been available through brokers there on an unsolicited basis only.

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