Exhibit 4.2 



[Specimen Common
Stock Certificate] 



	

      NUMBER 

      

      
      

    	SHARES

      

      

    






ALTERNATIVE ASSET MANAGEMENT
ACQUISITION CORP. 

    Incorporated Under the Laws of the State
of Delaware  



	 	 COMMON STOCK 	CUSIP 41192 107 



SEE REVERSE FOR

                                                                                                CERTAIN
DEFINITIONS 

This Certifies that_________________________________________________________________________________                                                                                          is the




registered holder of____________________________________________________________________________________ 



FULLY PAID AND
NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001
                                            

  EACH OF THE COMMON STOCK OF 


ALTERNATIVE ASSET MANAGEMENT
ACQUISITION CORP. 


transferable on the books of the
Corporation in person or by duly authorized attorney upon surrender of this
certificate properly endorsed.  


The Corporation will be forced to
liquidate if it is unable to complete a business combination by __________, 2009, all
as more fully described in the Corporation’s final prospectus dated ___________, 2007.  


This Certificate is not valid unless
countersigned by the Transfer Agent and registered by the Registrar. Witness the seal
of the Corporation and the facsimile signatures of its duly authorized officers.  


Dated: ____________________



Corporate Seal
                                                

  

       Delaware 


	
      

      CHIEF EXECUTIVE OFFICER 	 	
      

      SECRETARY





 
	 	
	 














        The
 following  abbreviations,  when used in the  inscription  on the face of this
 certificate,  shall be construed as though they were written out in full according to
applicable laws or regulations: 


	 	

TEN COM               





      TEN ENT





      JT TEN         	as tenant in common

              

      tenants by the entireties         

      

      as joint tenants with right of 

      survivorship and not as

      tenants in common


	UNIF GIFT MIN ACT	___________Custodian ________                          


(Cust)                                                  (Minor)     


Under Uniform Gifts to Minors Act: 

      _____________________

(State)






        Additional
abbreviations may also be used though not in the above list. 


Alternative Asset Management
Acquisition Corp. 


        The
 Corporation   will  furnish  without  charge  to  each   stockholder  who  so  requests
 the  powers, designations,  preferences and relative  participating,  optional or other
special rights of each class of stock or series thereof of the Corporation and the
qualifications,  limitations,  or restrictions of such preferences and/or rights.  This
 certificate  and the shares  represented  hereby  are  issued  and shall be held
 subject to all the provisions  of the  Certificate  of  Incorporation  and all
 amendments  thereto  and  resolutions  of the Board of Directors  providing  for the
 issue of  shares of  Preferred  Stock  (copies  of which  may be  obtained  from the
secretary of the Corporation), to all of which the holder of this certificate by
acceptance hereof assents. 


        For
value received, _________________________ hereby sell, assign and transfer unto  


PLEASE INSERT SOCIAL SECURITY OR
OTHER      

          IDENTIFYING NUMBER OF ASSIGNEE 


______________________________________





____________________________________________________________________________________


(PLEASE PRINT OR TYPEWRITE NAME AND
ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
_______________________shares
of the capital stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint ____________________ Attorney to transfer said stock on the books
of the within named Company with full power of substitution in the premises.  


	
Dated _____________________	

      ___________________________________

      Notice: The signature to this assignment must


      correspond with the name as written upon the

       face
of the certificate in every particular, without


      alteration or enlargement or any change whatever. 






Signatures(s) Guaranteed: 


__________________________________________________

  THE SIGNATURE(S) SHOULD BE
GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN
ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15). 


	The holder of this certificate shall be entitled to receive funds from the Corporation’s trust account only in the event of a liquidation of the
Corporation upon failure to consummate a business combination or if the holder seeks to convert his, her or its respective shares into cash upon a business
combination which he, she or it voted against and which is actually completed by the Corporation. In no other circumstances shall the holder have any right
or interest of any kind in or to the trust account.