AllianceBernstein Income Fund Releases Monthly Portfolio Update

• Press Release
• Source: AllianceBernstein Income Fund, Inc.
• On 4:06 pm EDT, Wednesday September 23, 2009

NEW YORK, Sept. 23 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG - News; the "Fund") today released its monthly portfolio update as of August 31, 2009.

AllianceBernstein Income Fund, Inc.

            Top 10 Fixed-Income Holdings
                                                               Portfolio %
        1)U.S. Treasury Notes 1.00%, 7/31/11                    10.90%
        2)U.S. Treasury Notes 3.625%, 8/15/19                    7.56%
        3)U.S. Treasury Notes 1.75%, 8/15/12                     6.65%
        4)U.S. Treasury STRIPS Zero Coupon, 5/15/17              6.55%
        5)U.S. Treasury Notes 2.625%, 6/30/14                    5.68%
        6)U.S. Treasury Bonds 11.25%, 2/15/15                    4.80%
        7)U.S. Treasury STRIPS Zero Coupon, 11/15/21             3.25%
        8)U.S. Treasury Bonds 6.625%, 2/15/27                    3.18%
        9)Federal National Mortgage Association 5.375%           2.19%
          6/12/17
       10)Federal Home Loan Mortgage Corp. Gold Series           1.73%
          2006 6.00%, 9/01/36


         Security Type Breakdown
                                                             Portfolio %
         Governments - Treasuries:
            Treasuries                                         51.82%
         Mortgage Pass-Thru's:
            Agency Fixed Rate 30-Year                           6.43%
            Agency ARMS                                         4.91%
         SUBTOTAL                                              11.34%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                          8.24%
         SUBTOTAL                                               8.24%
         Corporates - Investment Grades:
            Financial Institutions:
              Banking                                           2.18%
              Finance                                           0.36%
              Insurance                                         0.14%
              Other Finance                                     0.02%
            SUBTOTAL                                            2.70%
            Industrial:
              Basic                                             1.06%
              Energy                                            0.26%
              Transportation - Airlines                         0.15%
              Communications - Media                            0.13%
              Communications - Telecommunications               0.07%
              Consumer Non-Cyclical                             0.02%
            SUBTOTAL                                            1.69%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed              1.24%
            SUBTOTAL                                            1.24%
         SUBTOTAL                                               5.63%
         Inflation-Linked Securities                            3.80%
         Corporates - Non-Investment Grades:
            Industrial:
              Communications - Telecommunications               0.64%
              Basic                                             0.63%
              Consumer Non-Cyclical                             0.30%
              Communications - Media                            0.28%
              Capital Goods                                     0.24%
              Consumer Cyclical - Retailers                     0.22%
              Other Industrial                                  0.18%
              Consumer Cyclical - Other                         0.09%
              Consumer Cyclical - Automotive                    0.07%
            SUBTOTAL                                            2.65%
            Financial Institutions:
              Banking                                           0.48%
              Finance                                           0.35%
              Insurance                                         0.14%
              Brokerage                                         0.02%
            SUBTOTAL                                            0.99%
         SUBTOTAL                                               3.64%
         Agencies:
            Agency Debentures                                   2.19%
         Emerging Markets - Treasuries                          1.88%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                               1.88%
         Bank Loans:
            Industrial:
              Consumer Non-Cyclical                             0.31%
              Communications - Media                            0.24%
              Technology                                        0.20%
              Basic                                             0.20%
              Consumer Cyclical - Other                         0.14%
              Services                                          0.11%
              Energy                                            0.09%
              Consumer Cyclical - Retailers                     0.08%
              Capital Goods                                     0.08%
              Communications - Telecommunications               0.07%
              Consumer Cyclical - Entertainment                 0.06%
              Consumer Cyclical - Automotive                    0.03%
              Transportation - Airlines                         0.02%
            SUBTOTAL                                            1.63%
            Utility:
              Electric                                          0.12%
            SUBTOTAL                                            0.12%
            Financial Institutions:
              Finance                                           0.05%
              Other Finance                                     0.03%
              Insurance                                         0.02%
              REITS                                             0.01%
            SUBTOTAL                                            0.11%
         SUBTOTAL                                               1.86%
         Emerging Markets - Sovereigns                          1.19%
         Governments - Sovereign Bonds                          0.64%
         Emerging Markets - Corporate Bonds:
            Industrial:
              Basic                                             0.11%
              Other Industrial                                  0.11%
              Energy                                            0.10%
              Consumer Non-Cyclical                             0.01%
            SUBTOTAL                                            0.33%
            Financial Institutions:
              Banking                                           0.16%
              Other Finance                                     0.01%
            SUBTOTAL                                            0.17%
         SUBTOTAL                                               0.50%
         CMOs:
            Non-Agency ARMS                                     0.13%
            Agency Fixed Rate                                   0.01%
         SUBTOTAL                                               0.14%
         Preferred Stocks:
            Financial Institutions                              0.04%
            Non Corporate Sectors                               0.01%
         SUBTOTAL                                               0.05%
         Local Governments - Regional Bonds                     0.01%
         Short-Term Investments:
            Investment Companies                                5.19%
         Total                                                100.00%


                Country Breakdown
                                                            Portfolio %
                United States                                  86.10%
                Russia                                          3.53%
                Brazil                                          2.71%
                Turkey                                          1.17%
                Hungary                                         0.82%
                Colombia                                        0.73%
                Indonesia                                       0.71%
                Poland                                          0.65%
                United Kingdom                                  0.61%
                Kazakhstan                                      0.51%
                Hong Kong                                       0.36%
                Argentina                                       0.29%
                India                                           0.23%
                Venezuela                                       0.20%
                El Salvador                                     0.19%
                Jamaica                                         0.18%
                Peru                                            0.18%
                Netherlands                                     0.17%
                Australia                                       0.15%
                Canada                                          0.13%
                Bermuda                                         0.11%
                Switzerland                                     0.11%
                France                                          0.10%
                Germany                                         0.05%
                South Africa                                    0.01%
                Total                                         100.00%


                Credit Quality Breakdown
                                                            Portfolio %
                    AAA                                        74.87%
                    AA                                          0.18%
                    A                                           2.85%
                    BBB                                         8.71%
                    BB                                          5.06%
                    B                                           1.68%
                    CCC                                         1.21%
                    CC                                          0.13%
                    C                                           0.05%
                    D                                           0.07%
                    A-1+                                        5.19%
                    Total Investments                         100.00%


    Portfolio Statistics
          Percentage of Leverage:
                 Bank Borrowing:             0.00%
                 Investment Operations:      33.46%*
                 Preferred Stock:            0.00%
                 Tender Option Bonds:        0.00%
              Total:                         33.46%, as of 08/31/2009

           Avg. Maturity:            8.86 Years

           Duration:
                 Corporate                   4.71 yrs
                 Non Dollar Government       5.22 yrs
                 Emerging Market             5.17 yrs
                 US Treasury                 3.73 yrs
                 High Yield                  2.34 yrs
              Total Portfolio:               4.64 Years, as of 08/31/2009

          Total Net Assets:          $1,976.7 Million
           Net Asset Value:          $8.14
            Number of Holdings:      309

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

Buzz up!