We study the Almost-Invariant Subspace Problem for operators defined on non-normable Fréchet spaces and especially on . This problem is stated as follows: “Given a bounded operator on an infinite-dimensional complex Fréchet space , can we always find a closed almost-invariant half-space?”. In this paper we solve the problem for the space by showing that an operator on possesses a closed almost-invariant half-space if and only if is conjugate to or to where is the Forward shift and is the Backward shift and where is a finite rank operator and . We also investigate the case of operators defined on where is an infinite-dimensional Fréchet space with a continuous norm and we show that in this case, every operator defined on possesses a closed almost-invariant half-space.

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