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AllianceBernstein Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein Income Fund, Inc.[NYSE: ACG] (the "Fund") today released its monthly portfolio update as of November 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	15.41%
2) U.S. Treasury Notes 1.375%, 9/30/18	11.07%
3) U.S. Treasury Bonds 8.75%, 8/15/20	6.52%
4) U.S. Treasury STRIPS Zero Coupon, 5/15/17	5.74%
5) U.S. Treasury Bonds 7.625%, 2/15/25	4.20%
6) U.S. Treasury Bonds 8.00%, 11/15/21	3.54%
7) Federal National Mortgage Association 3.50%,	3.32%
TBA
8) U.S. Treasury Notes 1.625%, 8/15/22	2.97%
9) U.S. Treasury Notes 1.50%, 8/31/18	2.86%
10) U.S. Treasury Notes 2.75%, 2/15/19	2.26%

Fixed Income Holdings by Security Type	Portfolio %

Governments - Treasuries
Treasuries	59.00%
SUBTOTAL	59.00%
Corporates - Non-Investment Grades
Industrial
Communications - Media	1.47%
Capital Goods	1.34%
Consumer Non-Cyclical	1.27%
Energy	0.98%
Basic	0.89%
Consumer Cyclical - Other	0.60%
Consumer Cyclical - Retailers	0.56%
Technology	0.52%
Consumer Cyclical - Automotive	0.36%
Communications - Telecommunications	0.34%
Services	0.19%
Transportation - Airlines	0.09%
Consumer Cyclical - Restaurants	0.07%
Other Industrial	0.07%
Consumer Cyclical - Entertainment	0.03%
SUBTOTAL	8.78%
Utility
Electric	0.91%
Natural Gas	0.18%
SUBTOTAL	1.09%
Financial Institutions
Other Finance	0.28%
Banking	0.21%
Finance	0.13%
Brokerage	0.09%
REITS	0.09%
SUBTOTAL	0.80%
SUBTOTAL	10.67%
Corporates - Investment Grades
Industrial
Communications - Telecommunications	1.15%
Energy	0.65%
Capital Goods	0.58%
Basic	0.36%
Consumer Non-Cyclical	0.35%
Communications - Media	0.31%
Technology	0.25%
Consumer Cyclical - Retailers	0.18%
Consumer Cyclical - Entertainment	0.11%
Consumer Cyclical - Automotive	0.10%
Consumer Cyclical - Other	0.07%
Other Industrial	0.07%
Transportation - Airlines	0.05%
Transportation - Services	0.03%
SUBTOTAL	4.26%
Financial Institutions
Banking	1.78%
Insurance	1.41%
REITS	0.41%
Finance	0.23%
Brokerage	0.15%
Other Finance	0.01%
SUBTOTAL	3.99%
Non Corporate Sectors
Agencies - Not Government Guaranteed	1.01%
SUBTOTAL	1.01%
Utility
Electric	0.36%
Natural Gas	0.03%
SUBTOTAL	0.39%
SUBTOTAL	9.65%
Mortgage Pass-Throughs
Agency Fixed Rate 30-Year	5.67%
Agency ARMs	0.43%
SUBTOTAL	6.10%



Agencies
Agency Debentures	2.35%
Agency Subordinated	2.16%
SUBTOTAL	4.51%
Quasi-Sovereigns
Quasi-Sovereign Bonds	2.81%
SUBTOTAL	2.81%
Emerging Markets - Corporate Bonds
Industrial
Consumer Cyclical - Other	0.34%
Communications - Telecommunications	0.28%
Basic	0.26%
Communications - Media	0.19%
Energy	0.15%
Consumer Non-Cyclical	0.13%
Other Industrial	0.11%
Capital Goods	0.03%
Transportation - Airlines	0.03%
SUBTOTAL	1.52%
Utility
Natural Gas	0.06%
SUBTOTAL	0.06%
Financial Institutions
Other Finance	0.01%
SUBTOTAL	0.01%
SUBTOTAL	1.59%
Bank Loans
Industrial
Consumer Non-Cyclical	0.27%
Consumer Cyclical - Automotive	0.18%
Basic	0.16%
Consumer Cyclical - Other	0.13%
Communications - Media	0.10%
Consumer Cyclical - Retailers	0.10%
Capital Goods	0.09%
Technology	0.09%
Other Industrial	0.07%
Services	0.03%
Energy	0.01%
SUBTOTAL	1.23%
Financial Institutions
REITS	0.11%
SUBTOTAL	0.11%
Utility
Other Utility	0.05%
SUBTOTAL	0.05%
SUBTOTAL	1.39%
Emerging Markets - Sovereigns	0.89%
Local Governments - Municipal Bonds	0.73%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	0.71%



SUBTOTAL	0.71%
Governments - Sovereign Bonds	0.56%
Preferred Stocks
Financial Institutions	0.45%
Non Corporate Sectors	0.01%
SUBTOTAL	0.46%
Collateralized Mortgage Obligations
Non-Agency Floating Rate	0.13%
Non-Agency Fixed Rate	0.11%
SUBTOTAL	0.24%
Governments - Sovereign Agencies	0.23%
Common Stocks	0.03%
Short-Term Investments
Investment Companies	0.43%
Total Fixed Income	100.00%

Country Breakdown	Portfolio %

United States	87.88%
Russia	2.21%
Brazil	2.04%
Kazakhstan	0.79%
Mexico	0.68%
United Kingdom	0.64%
Canada	0.59%
Argentina	0.41%
India	0.35%
Netherlands	0.33%
Germany	0.33%
Luxembourg	0.33%
Indonesia	0.32%
Croatia	0.30%
Peru	0.30%
Switzerland	0.23%
United Arab Emirates	0.22%
France	0.21%
El Salvador	0.21%
Colombia	0.21%
Romania	0.19%
Venezuela	0.19%
Hungary	0.17%
Spain	0.15%
Barbados	0.13%
Portugal	0.12%
Norway	0.12%
Belarus	0.11%
Australia	0.09%
China	0.08%
Hong Kong	0.07%
Total Investments	100.00%



Net Currency Exposure Breakdown	Portfolio %

United States Dollar	104.17%
Mexican Peso	2.02%
South Korean Won	0.50%
Russian Rubles	0.39%
Great British Pound	0.03%
Brazilian Real	0.03%
Canadian Dollar	-0.99%
Euro	-2.30%
Japanese Yen	-3.85%
Total Investments	100.00%

Credit Quality Breakdown	Portfolio %

AAA	69.48%
AA	0.59%
A	3.92%
BBB	11.39%
BB	8.80%
B	4.51%
CCC	0.37%
CC	0.05%
D	0.06%
Not Rated	0.40%
Short Term Investments	0.43%
Total Investments	100.00%

Portfolio Statistics:

Average Coupon:	6.76%
Average Bond Price :	N/A
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	45.60%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	45.60%
Average Maturity:	11.67 Years
Effective Duration:	7.16 Years
Total Net Assets:	$2,300.27 Million
Net Asset Value:	$9.47
Number of Holdings:	387
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.