AllianceBernstein Income Fund Releases Monthly Portfolio Update

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.00%, 2/15/26

20.95%

2) U.S. Treasury Bonds 6.375%, 8/15/27

19.15%

3) U.S. Treasury Notes 3.625%, 2/15/21

16.74%

4) U.S. Treasury Bonds 6.50%, 11/15/26

13.45%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21

8.95%

6) U.S. Treasury Notes 3.125%, 5/15/21

5.25%

7) U.S. Treasury Notes 1.625%, 8/31/19

4.18%

8) U.S. Treasury Bonds 3.125%, 8/15/44

4.07%

9) Federal National Mortgage Association 5.375%, 6/12/17

3.38%

10) U.S. Treasury Bonds 8.75%, 8/15/20

2.81%

Investment Type

Portfolio %

Global Governments

103.68%

Corporates - Non-Investment Grades

Industrial

Communications - Media

2.30%

Energy

1.92%

Consumer Non-Cyclical

1.22%

Basic

1.21%

Capital Goods

1.03%

Technology

0.99%

Communications - Telecommunications

0.75%

Consumer Cyclical - Retailers

0.60%

Services

0.38%

Consumer Cyclical - Other

0.20%

Consumer Cyclical - Automotive

0.19%

Other Industrial

0.17%

Consumer Cyclical - Entertainment

0.11%

Transportation - Services

0.10%

SUBTOTAL

11.17%

Credit Default Swaps

2.83%

Financial Institutions

Banking

1.94%

Finance

0.22%

Insurance

0.14%

Other Finance

0.13%

SUBTOTAL

2.43%

Utility

Electric

0.96%

SUBTOTAL

0.96%

SUBTOTAL

17.39%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.36%

Energy

0.77%

Basic

0.75%

Capital Goods

0.40%

Technology

0.29%

Transportation - Airlines

0.08%

Communications - Media

0.06%

SUBTOTAL

3.71%

Financial Institutions

Insurance

1.27%

Banking

1.26%

Finance

0.34%

SUBTOTAL

2.87%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.32%

Energy

0.14%

SUBTOTAL

0.46%

Credit Default Swaps

0.26%

Utility

Electric

0.18%

SUBTOTAL

0.18%

SUBTOTAL

7.48%

Agencies

Agency Debentures

3.62%

Agency Subordinated

3.38%

SUBTOTAL

7.00%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

2.18%

GSE Risk Share Floating Rate

2.14%

Non-Agency Floating Rate

0.85%

Agency Fixed Rate

0.22%

SUBTOTAL

5.39%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.66%

Non-Agency Floating Rate CMBS

0.27%

Credit Default Swaps

0.21%

SUBTOTAL

3.14%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.59%

Capital Goods

0.36%

Energy

0.23%

Consumer Cyclical - Retailers

0.22%

Transportation - Airlines

0.20%

Communications - Telecommunications

0.19%

Communications - Media

0.17%

Basic

0.05%

SUBTOTAL

2.01%

SUBTOTAL

2.01%

Preferred Stocks

Financial Institutions

1.38%

Industrial

0.18%

SUBTOTAL

1.56%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.23%

SUBTOTAL

1.23%

Local Governments - Municipal Bonds

1.19%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.34%

Consumer Non-Cyclical

0.32%

Other Industrial

0.24%

Communications - Media

0.08%

Consumer Cyclical - Other

0.08%

Technology

0.07%

Basic

0.04%

SUBTOTAL

1.17%

SUBTOTAL

1.17%

Mortgage Pass-Throughs

Agency ARMs

0.62%

Agency Fixed Rate 30-Year

0.27%

SUBTOTAL

0.89%

Whole Loan Trusts

Performing Asset

0.73%

SUBTOTAL

0.73%

Currency Instruments

Forward Currency Exchange Contracts

0.31%

SUBTOTAL

0.31%

Governments - Sovereign Agencies

0.21%

Investment Companies

Funds and Investment Trusts

0.13%

SUBTOTAL

0.13%

Common Stocks

0.09%

Asset-Backed Securities

Other ABS - Fixed Rate

0.04%

SUBTOTAL

0.04%

Put Options Written

-0.04%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.74%

Credit Default Swaps

-1.27%

SUBTOTAL

-0.53%

Interest Rate Swaps - SIFMA

-5.08%

Interest Rate Futures

-47.55%

Reverse Repurchase Agreements

-51.27%

Net Cash Equivalents

Cash

1.72%

SUBTOTAL

1.72%

Derivative Offsets

Futures Offsets

46.94%

Swaps Offsets

2.17%

SUBTOTAL

49.11%

100.00%

Country Breakdown

Portfolio %

United States

89.15%

Brazil

2.47%

Mexico

1.12%

Canada

1.03%

United Kingdom

0.54%

France

0.47%

Switzerland

0.45%

Hungary

0.44%

Germany

0.41%

Indonesia

0.40%

Luxembourg

0.39%

Peru

0.27%

Norway

0.26%

Spain

0.22%

El Salvador

0.22%

Japan

0.17%

Venezuela

0.16%

Dominican Republic

0.16%

Netherlands

0.16%

Colombia

0.15%

Barbados

0.14%

Portugal

0.14%

India

0.13%

South Africa

0.11%

Chile

0.10%

Italy

0.10%

Ireland

0.08%

Guatemala

0.07%

Zambia

0.06%

Pakistan

0.06%

Belgium

0.06%

Jamaica

0.05%

Turkey

0.05%

Singapore

0.04%

Kenya

0.04%

Morocco

0.04%

Sri Lanka

0.04%

Australia

0.03%

Sweden

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

103.84%

Mexican Peso

1.02%

Brazilian Real

0.04%

New Zealand Dollar

0.03%

Great British Pound

0.03%

Norwegian Krone

0.01%

Euro

-0.42%

Australian Dollar

-2.12%

Japanese Yen

-2.43%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

57.31%

AA

0.34%

A

2.03%

BBB

12.52%

BB

9.84%

B

7.54%

CCC

3.05%

CC

0.53%

D

0.38%

Not Rated

2.82%

N/A

3.64%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-48.08%

1 to 5 years

22.66%

5 to 10 years

57.97%

10 to 20 years

57.95%

20 to 30 years

9.04%

More than 30 years

0.37%

Other

0.09%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.51%

Average Bond Price :

119.02

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

39.44%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

39.44%

Average Maturity:

13.66 Years

Effective Duration:

5.56 Years

Total Net Assets:

$1,952.25 Million

Net Asset Value:

$8.43

Number of Holdings:

449

Portfolio Turnover:

107%

* 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.