AllianceBernstein Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of September 30, 2009.

AllianceBernstein Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio % 1)U.S. Treasury Notes 3.625%, 8/15/19 7.44% 2)U.S. Treasury Notes 2.375%, 4/15/11 - 7.10% 8/31/14 3)U.S. Treasury STRIPS Zero Coupon, 5/15/17 6.51% 4)U.S. Treasury Notes 1.75%, 8/15/12 6.51% 5)U.S. Treasury Notes 1.375%, 9/15/12 5.98% 6)U.S. Treasury Bonds 11.25%, 2/15/15 4.68% 7)U.S. Treasury Notes 1.00%, 8/31/11 4.68% 8)U.S. Treasury STRIPS Zero Coupon, 11/15/21 3.25% 9)U.S. Treasury Bonds 6.625%, 2/15/27 3.14% 10)Federal National Mortgage Association 5.375%, 2.15% 6/12/17

Security Type Breakdown Portfolio % Governments - Treasuries: Treasuries 52.48% Mortgage Pass-Thru's: Agency Fixed Rate 30-Year 6.14% Agency ARMS 4.72% SUBTOTAL 10.86% Commercial Mortgage-Backed Securities: Non-Agency Fixed Rate CMBS 8.27% SUBTOTAL 8.27% Corporates - Investment Grades: Financial Institutions: Banking 2.26% Finance 0.38% Insurance 0.15% Other Finance 0.02% SUBTOTAL 2.81% Industrial: Basic 1.05% Energy 0.26% Other Industrial 0.22% Communications - Media 0.18% Transportation - Airlines 0.16% Consumer Cyclical - Automotive 0.14% Communications - Telecommunications 0.07% Capital Goods 0.02% Consumer Non-Cyclical 0.02% SUBTOTAL 2.12% Non Corporate Sectors: Agencies - Not Government Guaranteed 1.29% SUBTOTAL 1.29% SUBTOTAL 6.22% Corporates - Non-Investment Grades: Industrial: Communications - Telecommunications 0.70% Basic 0.64% Capital Goods 0.32% Consumer Non-Cyclical 0.30% Communications - Media 0.28% Consumer Cyclical - Retailers 0.22% Consumer Cyclical - Other 0.10% Other Industrial 0.07% Consumer Cyclical - Automotive 0.07% Technology 0.01% SUBTOTAL 2.71% Financial Institutions: Banking 0.58% Finance 0.36% Insurance 0.14% Brokerage 0.02% SUBTOTAL 1.10% SUBTOTAL 3.81% Inflation-Linked Securities 3.76% Agencies: Agency Debentures 2.15% Quasi-Sovereigns: Quasi-Sovereign Bonds 1.96% Bank Loans: Industrial: Consumer Non-Cyclical 0.26% Communications - Media 0.25% Technology 0.20% Basic 0.17% Consumer Cyclical - Other 0.14% Services 0.13% 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 0.03% Other Industrial 0.01% SUBTOTAL 1.60% 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 1.83% Emerging Markets - Treasuries 1.80% Emerging Markets - Sovereigns 1.27% Governments - Sovereign Bonds 0.66% Asset-Backed Securities: Credit Cards - Floating Rate 0.64% Emerging Markets - Corporate Bonds: Industrial: Basic 0.12% Energy 0.10% Consumer Non-Cyclical 0.01% SUBTOTAL 0.23% Financial Institutions: Banking 0.18% Other Finance 0.01% SUBTOTAL 0.19% SUBTOTAL 0.42% CMOs: Non-Agency ARMS 0.12% Agency Fixed Rate 0.01% SUBTOTAL 0.13% Preferred Stocks: Financial Institutions 0.05% Non Corporate Sectors 0.01% SUBTOTAL 0.06% Local Governments - Regional Bonds 0.01% Short-Term Investments: Investment Companies 3.67% Total 100.00%

Country Breakdown Portfolio % United States 85.43% Russia 3.64% Brazil 2.78% Turkey 1.15% Hungary 0.85% Colombia 0.77% Indonesia 0.74% United Kingdom 0.66% Poland 0.66% Kazakhstan 0.55% Hong Kong 0.36% Argentina 0.33% India 0.23% Venezuela 0.21% El Salvador 0.20% Netherlands 0.19% Jamaica 0.18% Peru 0.18% Australia 0.16% Canada 0.14% Sweden 0.14% Bermuda 0.11% Switzerland 0.11% France 0.10% Germany 0.09% Luxembourg 0.02% South Africa 0.01% Greece 0.01% Total 100.00%

Credit Quality Breakdown Portfolio % AAA 75.46% AA 0.18% A 2.78% BBB 9.18% BB 5.12% B 1.95% CCC 1.35% CC 0.14% C 0.10% D 0.07% A-1+ 3.67% Total Investments 100.00%

Portfolio Statistics Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 35.58%* Preferred Stock: 0.00% Tender Option Bonds: 0.00% Total: 35.58%, as of 09/30/2009

Avg. Maturity: 9.06 Years

Duration: Corporate 6.08 yrs Non Dollar Government 4.85 yrs Emerging Market 5.46 yrs US Treasury 3.87 yrs High Yield 2.40 yrs Total Portfolio: 4.83 Years, as of 09/30/2009

Total Net Assets: $2,030.6 Million Net Asset Value: $8.36 Number of Holdings: 317 * 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.