(Source: PRNewswire-FirstCall)

NEW YORK, May 21 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (the "Fund") today released its monthly portfolio update as of April 30, 2009.
AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)U.S. Treasury Bonds 11.25%, 2/15/15 8.90% 2)U.S. Treasury STRIPS Zero Coupon, 5/15/17 7.11% 3)U.S. Treasury Note 1.875%, 4/30/14 6.46% 4)U.S. Treasury STRIPS Zero Coupon, 11/15/21 4.79% 5)Federal Home Loan Mortgage Corp. Series 2007 4.61% 6.50%, 8/01/37 6)U.S. Treasury Bonds 6.625%, 2/15/27 3.48% 7)U.S. Treasury Note 4.625%, 7/31/12 3.18% 8)U.S. Treasury Note 1.375%, 4/15/12 3.00% 9)Federal National Mortgage Association 5.375%, 2.38% 6/12/17 10)Federal Home Loan Mortgage Corp. Series 2006 2.18% 6.00%, 9/01/36 Security Type Breakdown Portfolio % Governments - Treasuries: Treasuries 45.91% Mortgage Pass-Thru's: Agency Fixed Rate 30-Year 12.30% Agency ARMS 5.55% SUBTOTAL 17.85% Corporates - Investment Grades: Industrial: Basic 1.39% Energy 0.57% Communications - Telecommunications 0.44% Capital Goods 0.43% Consumer Non-Cyclical 0.22% Transportation - Airlines 0.15% Communications - Media 0.12% Technology 0.02% SUBTOTAL 3.34% Financial Institutions: Banking 1.69% Finance 0.34% Insurance 0.06% Other Finance 0.02% SUBTOTAL 2.11% Non Corporate Sectors: Agencies - Not Government Guaranteed 1.14% SUBTOTAL 1.14% SUBTOTAL 6.59% Agencies: Agency Debentures 5.48% Inflation-Linked Securities 4.07% Commercial Mortgage-Backed Securities: Non-Agency Fixed Rate CMBS 4.01% SUBTOTAL 4.01% Corporates - Non-Investment Grades: Industrial: Communications - Telecommunications 0.64% Basic 0.63% Communications - Media 0.26% Consumer Non-Cyclical 0.25% Other Industrial 0.24% Consumer Cyclical - Retailers 0.21% Capital Goods 0.17% Consumer Cyclical - Other 0.07% Consumer Cyclical - Automotive 0.06% SUBTOTAL 2.53% Financial Institutions: Finance 0.35% Banking 0.24% Insurance 0.13% Brokerage 0.02% SUBTOTAL 0.74% SUBTOTAL 3.27% Emerging Markets - Treasuries 1.83% Bank Loans: Industrial: Consumer Non-Cyclical 0.34% Communications - Media 0.24% Basic 0.21% Technology 0.15% Consumer Cyclical - Other 0.12% Communications - Telecommunications 0.10% Energy 0.09% Capital Goods 0.09% Consumer Cyclical - Entertainment 0.06% Services 0.06% Consumer Cyclical - Retailers 0.02% Consumer Cyclical - Automotive 0.02% SUBTOTAL 1.50% Utility: Electric 0.19% SUBTOTAL 0.19% Financial Institutions: Finance 0.03% Insurance 0.03% Other Finance 0.02% Banking 0.01% REITS 0.01% SUBTOTAL 0.10% SUBTOTAL 1.79% Quasi-Sovereigns: Quasi-Sovereign Bonds 1.73% Emerging Markets - Sovereigns 1.69% Governments - Sovereign Bonds 0.49% CMOs: Non-Agency ARMS 0.15% Agency Fixed Rate 0.01% SUBTOTAL 0.16% Emerging Markets - Corporate Bonds: Financial Institutions: Banking 0.11% Other Finance 0.01% SUBTOTAL 0.12% SUBTOTAL 0.12% Preferred Stocks: Financial Institutions 0.03% SUBTOTAL 0.03% Local Governments - Regional Bonds 0.01% Short-Term Investments: Investment Companies 4.97% Total 100.00% Country Breakdown Portfolio % United States 85.88% Russia 3.48% Brazil 2.39% Turkey 1.67% Indonesia 1.12% Colombia 0.73% Hungary 0.70% United Kingdom 0.62% Peru 0.57% Australia 0.56% Kazakhstan 0.45% Hong Kong 0.32% Venezuela 0.25% India 0.22% Jamaica 0.18% El Salvador 0.18% Canada 0.13% Bermuda 0.12% Panama 0.10% Netherlands 0.08% Switzerland 0.07% Argentina 0.06% Austria 0.05% Germany 0.03% France 0.03% South Africa 0.01% Total 100.00% Credit Quality Breakdown Portfolio % AAA 74.44% AA 0.25% A 2.70% BBB 9.86% BB 5.52% B 1.07% CCC 1.03% CC 0.07% C 0.07% D 0.02% A-1+ 4.97% Total Investments 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 14.42% Investment Operations: 20.88% Preferred Stock: 0% Total: 35.30%* Avg. Maturity: 6.10 Years Duration: Corporate 4.75 yrs Non Dollar Government 5.57 yrs Emerging Market 5.45 yrs US Treasury 3.55 yrs High Yield 1.67 yrs Total Portfolio: 2.64 Years Total Net Assets: $1,814.8 Million Net Asset Value: $7.67 Number of Holdings: 329 * The total percentage of leverage constitutes 14.42% in bank loans and 20.88% in investment operations, which 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.
AllianceBernstein Income Fund, Inc.
CONTACT: Shareholder Contact, 1-800-221-5672
Web Site: http://www.alliancebernstein.com/
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