AllianceBernstein Income Fund Releases Monthly Portfolio Update
Monday October 15, 4:03 pm ET 

NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG - News; the "Fund") today released its monthly portfolio update as of September 30, 2007.

    AllianceBernstein Income Fund, Inc.

    Top 10 Fixed-Income Holdings
                                                Portfolio%
     1)  US Treasury 11.25% (02/15/15)               7.72%
     2)  US Treasury Strip 0.00% (05/15/17)          5.33%
     3)  US Treasury Strip 0.00% (11/15/21)          4.56%
     4)  US Treasury 4.00% (06/15/09)                2.90%
     5)  US Treasury 6.63% (02/15/27)                2.88%
     6)  US Treasury 12.00% (08/15/13)               2.82%
     7)  US Treasury 4.88% (05/15/09)                2.78%
     8)  FGLMC 30 Yr 6.00% (09/01/36)                2.77%
     9)  US Treasury 12.50% (08/15/14)               2.61%
    10)  Turkey 16.00% (03/07/12)                    2.51%

         Security Type Breakdown
                                                Portfolio%
         Treasury                                    41.67%
         Sovereign                                   21.11%
         FHLMC                                       11.24%
         FNMA                                        9.46%
         Bank Loans                                  3.19%
         Inflation Indexed Bonds                     1.58%
         GNMA                                        1.47%
         FHLB                                        1.29%
         Yankee Bonds                                0.15%
         Warrants                                    0.04%
         CMO/ABS                                     0.01%
         GNMA/CMO                                    0.01%
         Corporate:
            Cable                                    0.57%
            Automotive                               0.52%
            Financial                                0.50%
            Petroleum Products                       0.39%
            Communications-Mobile                    0.38%
            Broadcasting/Media                       0.35%
            Industrial                               0.34%
            Supranationals                           0.29%
            Food/Beverage                            0.22%
            Communications                           0.20%
            Banking                                  0.18%
            Air Transportation                       0.16%
            Healthcare                               0.16%
            Chemicals                                0.13%
            Entertainment/Leisure                    0.12%
            Sovereign                                0.07%
            Metals/Mining                            0.06%
            Building/Real Estate                     0.05%
            Retail                                   0.05%
            Communications-fixed                     0.04%
            Hotel/Lodging                            0.04%
            Non-air Transportation                   0.04%
            Technology                               0.04%
            Agriculture                              0.03%
            Consumer Manufacturing                   0.03%
            Insurance                                0.03%
            Public Utilities - Gas                   0.03%
            Containers                               0.02%
            Public Utilities - Elec & Gas            0.02%
            Electronics                              0.01%
            Energy                                   0.01%
            Gaming                                   0.01%
            Service                                  0.01%
            SUBTOTAL                                 5.10%
         Short-term:
            Other Short-term                         3.68%
            SUBTOTAL                                 3.68%
         Total                                     100.00%

         Country Breakdown
                                                Portfolio%
         United States                              76.51%
         Brazil                                      7.26%
         Turkey                                      5.16%
         Mexico                                      1.85%
         South Africa                                1.49%
         United Kingdom                              1.22%
         Philippines                                 0.99%
         Argentina                                   0.71%
         Russia                                      0.65%
         Peru                                        0.56%
         Venezuela                                   0.55%
         Indonesia                                   0.48%
         Colombia                                    0.47%
         Uruguay                                     0.28%
         Bermuda                                     0.22%
         Panama                                      0.22%
         Cayman Islands                              0.19%
         Australia                                   0.16%
         Canada                                      0.16%
         Luxembourg                                  0.11%
         Kazakhstan                                  0.08%
         Malaysia                                    0.08%
         Hungary                                     0.06%
         Austria                                     0.05%
         Lebanon                                     0.05%
         Ecuador                                     0.04%
         El Salvador                                 0.04%
         Germany                                     0.04%
         Ireland                                     0.04%
         Netherlands                                 0.04%
         Nigeria                                     0.04%
         Costa Rica                                  0.03%
         Dominican Republic                          0.03%
         Ukraine                                     0.03%
         Japan                                       0.02%
         Pakistan                                    0.02%
         Spain                                       0.02%
         Bulgaria                                    0.01%
         France                                      0.01%
         Greece                                      0.01%
         Jamaica                                     0.01%
         Sweden                                      0.01%
         Total                                     100.00%

         Credit Quality Breakdown
                                                Portfolio%
         AAA                                        66.52%
         AA                                          0.19%
         A                                           3.63%
         BBB                                         2.23%
         BB                                         15.15%
         B                                           5.59%
         CCC                                         1.69%
         A-1+                                        4.96%
         NR                                          0.04%
         Total                                     100.00%

      Portfolio Statistics
        Percentage of Leverage:
          Bank Loans:               12.68%
          Investment Operations:    21.03%
          Preferred Stock:              0%
        Total:                      33.71%*

        Avg. Maturity:               7.48 Years

        Duration:
          Corporate                  6.22 yrs
          Emerging Market            5.58 yrs
          US Treasury                4.08 yrs
          High Yield                 1.94 yrs
        Total Portfolio:             4.31 Years

        Total Net Assets:         $2091.7 Million
        Number of Holdings:           521

* The total percentage of leverage constitutes 12.68% in bank loans and 21.03% 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.