AllianceBernstein Income Fund Releases Monthly Portfolio Update

Jan 26, 2010, 16:49 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of December 31, 2009.


                      AllianceBernstein Income Fund, Inc.

         Top 10 Fixed-Income Holdings
                                                           Portfolio %
        1)U.S. Treasury Notes 1.375%, 9/15/12 -                  8.53%
          10/15/12
        2)U.S. Treasury Bonds 8.125%, 8/15/19                    7.33%
        3)U.S. Treasury Notes 2.375%, 4/15/11 -                  7.27%
          8/31/14
        4)U.S. Treasury Bonds 11.25%, 2/15/15                    6.81%
        5)U.S. Treasury Notes 1.75%, 8/15/12                     6.69%
        6)U.S. Treasury STRIPS Zero Coupon, 5/15/17              6.64%
        7)U.S. Treasury Notes 3.875%, 2/15/13                    4.76%
        8)U.S. Treasury STRIPS Zero Coupon, 11/15/21             3.22%
        9)U.S. Treasury Bonds 6.625%, 2/15/27                    3.05%
       10)U.S. Treasury 2.625%, 2/29/16                          2.40%


         Security Type Breakdown
                                                          Portfolio %
         Governments - Treasuries:
            Treasuries                                         58.55%
         Mortgage Pass-Thru's:
            Agency ARMS                                         4.47%
            Agency Fixed Rate 30-Year                           4.21%
         SUBTOTAL                                               8.68%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                          7.48%
         SUBTOTAL                                               7.48%
         Corporates - Investment Grades:
            Financial Institutions:
              Banking                                           2.11%
              Finance                                           0.47%
              Insurance                                         0.25%
              Other Finance                                     0.02%
            SUBTOTAL                                            2.85%
            Industrial:
              Basic                                             1.11%
              Transportation - Airlines                         0.32%
              Energy                                            0.28%
              Consumer Cyclical - Automotive                    0.23%
              Capital Goods                                     0.22%
              Other Industrial                                  0.21%
              Communications - Media                            0.19%
              Communications - Telecommunications               0.13%
              Technology                                        0.07%
              Consumer Non-Cyclical                             0.06%
            SUBTOTAL                                            2.82%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed              1.47%
            SUBTOTAL                                            1.47%
            Utility:
              Electric                                          0.02%
            SUBTOTAL                                            0.02%
         SUBTOTAL                                               7.16%
         Corporates - Non-Investment Grades:
            Industrial:
              Basic                                             0.74%
              Capital Goods                                     0.42%
              Consumer Non-Cyclical                             0.32%
              Communications - Media                            0.28%
              Communications - Telecommunications               0.26%
              Consumer Cyclical - Retailers                     0.24%
              Consumer Cyclical - Other                         0.13%
              Other Industrial                                  0.08%
              Consumer Cyclical - Automotive                    0.08%
              Transportation - Services                         0.05%
              Technology                                        0.01%
            SUBTOTAL                                            2.61%
            Financial Institutions:
              Banking                                           0.45%
              Finance                                           0.35%
              Insurance                                         0.16%
              Brokerage                                         0.03%
            SUBTOTAL                                            0.99%
         SUBTOTAL                                               3.60%
         Inflation-Linked Securities                            2.99%
         Agencies:
            Agency Debentures                                   2.18%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                               2.09%
         Bank Loans:
            Industrial:
              Communications - Media                            0.26%
              Technology                                        0.23%
              Consumer Non-Cyclical                             0.20%
              Basic                                             0.18%
              Services                                          0.15%
              Consumer Cyclical - Other                         0.13%
              Consumer Cyclical - Retailers                     0.09%
              Energy                                            0.09%
              Communications - Telecommunications               0.07%
              Consumer Cyclical - Entertainment                 0.07%
              Capital Goods                                     0.06%
              Transportation - Airlines                         0.03%
              Consumer Cyclical - Automotive                    0.03%
              Other Industrial                                  0.01%
            SUBTOTAL                                            1.60%
            Financial Institutions:
              Finance                                           0.23%
              Other Finance                                     0.03%
              REITS                                             0.02%
              Insurance                                         0.01%
            SUBTOTAL                                            0.29%
            Utility:
              Electric                                          0.12%
            SUBTOTAL                                            0.12%
         SUBTOTAL                                               2.01%
         Emerging Markets - Treasuries:                         1.82%

         Emerging Markets - Sovereigns:                         1.12%

         Asset-Backed Securities:
            Credit Cards - Floating Rate                        0.66%
            Autos - Floating Rate                               0.29%
         SUBTOTAL                                               0.95%
         Emerging Markets - Corporate Bonds:
            Financial Institutions:
              Banking                                           0.19%
              Other Finance                                     0.01%
            SUBTOTAL                                            0.20%
            Industrial:
              Energy                                            0.11%
              Basic                                             0.01%
              Consumer Non-Cyclical                             0.01%
            SUBTOTAL                                            0.13%
         SUBTOTAL                                               0.33%
         Governments - Sovereign Bonds                          0.33%
         CMOs:
            Non-Agency ARMS                                     0.11%
            Agency Fixed Rate                                   0.01%
         SUBTOTAL                                               0.12%
         Preferred Stocks:
            Financial Institutions                              0.06%
         SUBTOTAL                                               0.06%
         Equities:
            Common Stock                                        0.02%
            Warrants                                            0.01%
         SUBTOTAL                                               0.03%
         Local Governments - Regional Bonds                     0.01%
         Short-Term Investments:
            Investment Companies                                0.49%
         Total                                                100.00%

               Country Breakdown
                                                          Portfolio %
                United States                                  87.21%
                Russia                                          3.88%
                Brazil                                          2.48%
                Turkey                                          1.16%
                Colombia                                        0.78%
                Indonesia                                       0.77%
                Kazakhstan                                      0.57%
                Argentina                                       0.36%
                Hong Kong                                       0.36%
                United Kingdom                                  0.34%
                India                                           0.24%
                El Salvador                                     0.20%
                Peru                                            0.18%
                Lithuania                                       0.17%
                Netherlands                                     0.17%
                Australia                                       0.17%
                Canada                                          0.16%
                Sweden                                          0.15%
                Croatia                                         0.15%
                Bermuda                                         0.12%
                Switzerland                                     0.12%
                France                                          0.10%
                Germany                                         0.08%
                Belgium                                         0.04%
                Luxembourg                                      0.02%
                South Africa                                    0.01%
                Greece                                          0.01%
                Total                                         100.00%


          Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                        79.41%
                    AA                                          0.28%
                    A                                           1.94%
                    BBB                                         9.20%
                    BB                                          5.15%
                    B                                           1.69%
                    CCC                                         1.66%
                    CC                                          0.04%
                    C                                           0.07%
                    D                                           0.06%
                    A-1+                                        0.50%
                    Total Investments                         100.00%

    Portfolio Statistics
      Percentage of Leverage:
                Bank Borrowing:               0.00%
                Investment Operations:       30.08%
                Preferred Stock:              0.00%
                Tender Option Bonds:          0.00%
                Term Asset-Backed Loans
                   Facility (TALF):           3.92%
              Total:                         34.00%, as of 12/31/2009

        Avg. Maturity:                        8.91 Years

        Effective Duration:
                 Corporate                    4.27 yrs
                 Non Dollar Government        5.09 yrs
                 Emerging Market              5.21 yrs
                 US Treasury                  2.78 yrs
                 High Yield                   2.29 yrs
              Total Portfolio:                4.65 Years, as of 12/31/2009

          Total Net Assets:         $2,033.4 Million
          Net Asset Value:             $8.37
          Number of Holdings:            312

* 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.