All PRNewswire NewsNEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- ACM Income Fund, Inc. ACG (the "Fund") today released its monthly portfolio update as of October 31, 2006. ACM Income Fund, Inc. 

    Top 10 Fixed-Income Holdings
                                                                    Portfolio%
    1) US Treasury 11.25% (02/15/15)                                     7.68%
    2) US Treasury 13.25% (05/15/14)                                     5.97%
    3) US Treasury Strip 0.00% (05/15/17)                                5.26%
    4) US Treasury Strip 0.00% (11/15/21)                                4.56%
    5) Mexico 9.00% (12/20/12)                                           3.56%
    6) GNMA II 30 Yr 5.50% (06/20/36)                                    3.48%
    7) US Treasury 12.00% (08/15/13)                                     3.04%
    8) FGLMC 30 Yr 6.00% (09/01/36)                                      3.04%
    9) US Treasury 12.50% (08/15/14)                                     2.80%
    10) Russian Federation 5.00% (03/31/30)                              2.76%        Security Type Breakdown
                                                   Portfolio%
        Treasury                                   43.61%
        Sovereign                                  24.49%
        FNMA                                       8.87%
        GNMA                                       6.30%
        FHLMC                                      4.24%
        Bank Loans                                 2.91%
        FHLMC/CMO                                  1.38%
        Inflation Indexed Bonds                    0.48%
        Government Agency                          0.47%
        FNMA/CMO                                   0.23%
        Yankee Bonds                               0.14%
        CMO/ABS                                    0.12%
        Preferred Stock                            0.07%
        GNMA/CMO                                   0.03%
        Corporate:
          Automotive                               0.72%
          Communications-Mobile                    0.67%
          Cable                                    0.56%
          Communications                           0.52%
          Petroleum Products                       0.41%
          Broadcasting/Media                       0.37%
          Industrial                               0.36%
          Banking                                  0.33%
          Financial                                0.28%
          Metals/Mining                            0.22%
          Agriculture                              0.21%
          Food/Beverage                            0.19%
          Public Utilities - Telephone             0.18%
          Entertainment/Leisure                    0.17%
          Healthcare                               0.15%
          Chemicals                                0.12%
          Consumer Manufacturing                   0.10%
          Public Utilities - Elec & Gas            0.09%
          Building/Real Estate                     0.07%
          Insurance                                0.06%
          Retail                                   0.05%
          Technology                               0.05%
          Communications-fixed                     0.04%
          Hotel/Lodging                            0.04%
          Publishing                               0.03%
          Containers                               0.02%
          Non-air Transportation                   0.02%
          Corporate                                0.01%
          Derivatives                              0.01%
          Energy                                   0.01%
          Public Utilities - Gas                   0.01%
          Service                                  0.01%
          Sovereign                                0.01%
          SUBTOTAL                                 6.09%
        Short-term:
          Time Deposit                             0.57%
          SUBTOTAL                                 0.57%
        Total                                    100.00%        Country Breakdown
                                       Portfolio%

         United States                     73.02%
         Brazil                            6.34%
         Mexico                            4.19%
         Russia                            3.75%
         Turkey                            3.43%
         South Korea                       1.30%
         United Kingdom                    1.21%
         Argentina                         1.10%
         Philippines                       0.87%
         Venezuela                         0.64%
         Canada                            0.62%
         Colombia                          0.59%
         Peru                              0.48%
         Indonesia                         0.44%
         Bermuda                           0.28%
         Uruguay                           0.25%
         Netherlands                       0.21%
         Luxembourg                        0.20%
         Cayman Islands                    0.16%
         Panama                            0.12%
         Ecuador                           0.11%
         Nigeria                           0.09%
         Kazakhstan                        0.08%
         Austria                           0.05%
         Lebanon                           0.05%
         Poland                            0.05%
         Dominican Republic                0.04%
         El Salvador                       0.04%
         New Zealand                       0.04%
         Ukraine                           0.04%
         Australia                         0.03%
         Costa Rica                        0.03%
         France                            0.03%
         Ireland                           0.03%
         Spain                             0.02%
         Bulgaria                          0.01%
         Germany                           0.01%
         Greece                            0.01%
         Jamaica                           0.01%
         Japan                             0.01%
         South Africa                      0.01%
         Sweden                            0.01%
         Total                           100.00%         Credit Quality Breakdown
                                      Portfolio%

         AAA                              66.16%
         AA                                0.91%
         A                                 4.77%
         BBB                               6.05%
         BB                               12.91%
         B                                 6.38%
         CCC                               1.79%
         A-1+                              1.03%
         Total                           100.00%         Portfolio Statistics
          Percentage of Leverage:
            Bank Loans:                   12.81%
            Investment Operations:        26.44%
            Preferred Stock:              0%
          Total:                          39.25%*

          Avg. Maturity:                  7.62 Years          Duration:
            Corporate                     7.26 yrs
            Emerging Market               4.38 yrs
            US Treasury                   3.46 yrs
            High Yield                    2.15 yrs
          Total Portfolio:                3.68 Years          Total Net Assets:               $1897.7 Million
          Net Asset Value:                $8.27
          Number of Holdings:             489* The total percentage of leverage constitutes 12.81% in bank loans and 26.44% 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.