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AllianceBernstein Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- AllianceBernstein Income Fund, Inc.[NYSE: ACG] (the "Fund") today released its monthly portfolio update as of September 30, 2012.

AllianceBernstein Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %

1) U.S. Treasury Notes 2.625%, 8/15/20 - 11/15/20	14.91%
2) U.S. Treasury Notes 1.375%, 9/30/18	10.73%
3) U.S. Treasury Bonds 8.75%, 8/15/20	6.35%
4) U.S. Treasury STRIPS Zero Coupon, 5/15/17	5.55%
5) U.S. Treasury Bonds 7.625%, 2/15/25	4.07%
6) U.S. Treasury Bonds 8.00%, 11/15/21	3.44%
7) Federal National Mortgage Association 3.50%, TBA	3.23%
8) Federal Home Loan Mortgage Corp. 2.375%, 1/13/22	2.97%
9) U.S. Treasury Notes 1.50%, 8/31/18	2.77%
10) U.S. Treasury Notes 2.75%, 2/15/19	2.19%

Fixed Income Holdings by Security Type
	Portfolio %
Governments - Treasuries
Treasuries	53.95%
SUBTOTAL	53.95%
Corporates - Investment Grades
Industrial
Communications - Telecommunications	1.13%
Energy	0.62%
Capital Goods	0.59%
Basic	0.54%
Communications - Media	0.44%
Consumer Non-Cyclical	0.40%
Technology	0.27%
Consumer Cyclical - Retailers	0.17%
Consumer Cyclical - Automotive	0.12%
Consumer Cyclical - Entertainment	0.10%
Other Industrial	0.09%
Consumer Cyclical - Other	0.07%
Transportation - Airlines	0.05%
Transportation - Services	0.03%
SUBTOTAL	4.62%
Financial Institutions
Banking	2.13%
Insurance	1.37%
Finance	0.45%
REITS	0.29%
Brokerage	0.15%
Other Finance	0.14%
SUBTOTAL	4.53%
Non Corporate Sectors
Agencies - Not Government Guaranteed	1.08%
SUBTOTAL	1.08%
Utility
Electric	0.35%
Natural Gas	0.07%
SUBTOTAL	0.42%
SUBTOTAL	10.65%
Corporates - Non-Investment Grades
Industrial
Communications - Media	1.38%
Capital Goods	1.29%
Consumer Non-Cyclical	1.24%
Energy	1.10%
Basic	0.73%
Consumer Cyclical - Other	0.58%
Consumer Cyclical - Retailers	0.55%
Technology	0.51%
Communications - Telecommunications	0.44%
Consumer Cyclical - Automotive	0.35%
Services	0.16%
Transportation - Airlines	0.11%
Consumer Cyclical - Restaurants	0.07%
Other Industrial	0.07%
Consumer Cyclical - Entertainment	0.03%
SUBTOTAL	8.61%
Utility
Electric	0.88%
Natural Gas	0.17%
SUBTOTAL	1.05%
Financial Institutions
Banking	0.42%
REITS	0.20%
Other Finance	0.14%
Finance	0.13%
SUBTOTAL	0.89%
SUBTOTAL	10.55%
Agencies
Agency Debentures	3.70%
Agency Subordinated	2.97%
SUBTOTAL	6.67%
Mortgage Pass-Throughs
Agency Fixed Rate 30-Year	5.55%
Agency ARMs	0.43%
SUBTOTAL	5.98%
Quasi-Sovereigns
Quasi-Sovereign Bonds	2.68%
SUBTOTAL	2.68%
Emerging Markets - Corporate Bonds
Industrial
Consumer Cyclical - Other	0.30%
Basic	0.26%
Communications - Telecommunications	0.26%
Communications - Media	0.18%
Consumer Non-Cyclical	0.13%
Other Industrial	0.10%
SUBTOTAL	1.23%
Utility
Natural Gas	0.06%
Electric	0.04%
SUBTOTAL	0.10%
Financial Institutions
Other Finance	0.01%
SUBTOTAL	0.01%
SUBTOTAL	1.34%
Bank Loans
Industrial
Consumer Non-Cyclical	0.25%
Consumer Cyclical - Automotive	0.24%
Basic	0.13%
Consumer Cyclical - Other	0.10%
Capital Goods	0.09%
Technology	0.09%
Communications - Media	0.08%
Other Industrial	0.07%
Services	0.07%
Consumer Cyclical - Retailers	0.03%
Consumer Cyclical - Entertainment	0.02%
Energy	0.01%
SUBTOTAL	1.18%
Financial Institutions
Finance	0.08%
SUBTOTAL	0.08%
Utility
Electric	0.05%
SUBTOTAL	0.05%
SUBTOTAL	1.31%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	0.76%
Non-Agency Floating Rate CMBS	0.18%
SUBTOTAL	0.94%
Emerging Markets - Sovereigns	0.94%
Governments - Sovereign Bonds	0.93%
Preferred Stocks
Financial Institutions	0.45%
SUBTOTAL	0.45%
Local Governments - Municipal Bonds	0.34%
Collateralized Mortgage Obligations
Non-Agency Floating Rate	0.24%
SUBTOTAL	0.24%
Governments - Sovereign Agencies	0.11%
Common Stocks	0.03%
Options Purchased - Puts
Options on Forward Contracts	0.01%
Swaptions	0.01%
SUBTOTAL	0.02%
Short-Term Investments
Agency Discount Notes	2.05%
Investment Companies	0.82%
Total Fixed Income	100.00%

Country Breakdown
	Portfolio %
United States	87.04%
Russia	2.15%
Brazil	2.01%
United Kingdom	0.86%
Kazakhstan	0.75%
Canada	0.66%
Mexico	0.64%
Argentina	0.48%
Croatia	0.45%
Netherlands	0.44%
India	0.36%
Germany	0.33%
Luxembourg	0.32%
Indonesia	0.30%
Peru	0.28%
Lithuania	0.24%
El Salvador	0.21%
France	0.21%
Switzerland	0.21%
Colombia	0.20%
United Arab Emirates	0.20%
Romania	0.18%
Venezuela	0.17%
Hungary	0.16%
South Africa	0.15%
Spain	0.14%
Barbados	0.13%
Norway	0.11%
Portugal	0.11%
Belarus	0.11%
Hong Kong	0.09%
Ireland	0.09%
China	0.08%
Australia	0.06%
Japan	0.04%
Ukraine	0.04%
Total Investments	100.00%

Net Currency Exposure Breakdown
	Portfolio %
United States Dollar	104.86%
Mexican Peso	1.01%
South Korean Won	0.49%
Russian Rubles	0.39%
Brazilian Real	0.03%
Great British Pound	0.02%
Canadian Dollar	-1.00%
Japanese Yen	-2.83%
Euro	-2.97%
Total Investments	100.00%

Credit Quality Breakdown
	Portfolio %
AAA	66.64%
AA	0.91%
A	3.93%
BBB	12.34%
BB	8.13%
B	4.36%
CCC	0.38%
CC	0.05%
Not Rated	0.39%
Short Term Investments	2.87%
Total Investments	100.00%

Portfolio Statistics:
Average Coupon:	6.85%
Average Bond Price :	N/A
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	46.45%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	46.45%
Average Maturity:	11.50 Years
Effective Duration:	7.08 Years
Total Net Assets:	$2,289.32 Million
Net Asset Value:	$9.42
Number of Holdings:	396
Portfolio Turnover:	67%

* 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.

SOURCE AllianceBernstein Income Fund, Inc.