NEW YORK, April 22 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of March 31, 2008. AllianceBernstein Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15) 8.00% 2) US Treasury Strip 0.00% (05/15/17) 5.79% 3) US Treasury Strip 0.00% (11/15/21) 4.92% 4) US Treasury 6.63% (02/15/27) 3.00% 5) US Treasury 4.00% (06/15/09) 2.91% 6) FNMA 30 Yr 5.50% (01/01/37) 2.79% 7) US Treasury 4.88% (05/15/09) 2.76% 8) Resolution Funding Corp 0.00% (10/15/20) 2.70% 9) US Treasury 12.00% (08/15/13) 2.67% 10) Fannie Mae 5.38% (06/12/17) 2.62% Security Type Breakdown Portfolio% Treasury 43.76% Sovereign 15.92% FHLMC 11.99% FNMA 9.22% CMO/ABS 3.12% Bank Loans 2.77% Inflation Indexed Bonds 1.64% GNMA 1.37% FHLB 0.82% Yankee Bonds 0.15% Preferred Stock 0.09% Government Agency 0.04% Warrants 0.03% GNMA/CMO 0.01% Corporate: Financial 2.39% Supranationals 0.84% Metals/Mining 0.71% Banking 0.59% Communications-Mobile 0.44% Cable 0.37% Industrial 0.34% Broadcasting/Media 0.27% Automotive 0.22% Communications 0.22% Retail 0.20% Air Transportation 0.17% Insurance 0.16% Energy 0.14% Healthcare 0.13% Public Utilities -- Gas 0.10% Chemicals 0.09% Food/Beverage 0.08% Petroleum Products 0.06% Communications-fixed 0.04% Hotel/Lodging 0.04% Agriculture 0.03% Building/Real Estate 0.03% Entertainment/Leisure 0.03% Non-air Transportation 0.03% Technology 0.03% Consumer Manufacturing 0.02% Containers 0.02% Public Utilities -- Elec & Gas 0.02% Electronics 0.01% Gaming 0.01% Public Utilities -- Telephone 0.01% Service 0.01% SUBTOTAL 7.85% Short-term: Other Short-term 1.22% SUBTOTAL 1.22% Total 100.00% Country Breakdown Portfolio% United States 81.22% Brazil 4.30% Turkey 2.13% Mexico 1.91% Hungary 1.53% United Kingdom 1.18% Philippines 0.86% South Africa 0.76% Indonesia 0.69% Argentina 0.67% Venezuela 0.59% Peru 0.57% Supranational 0.57% Colombia 0.45% Russia 0.33% Luxembourg 0.28% Ecuador 0.27% Bermuda 0.21% Panama 0.21% Cayman Islands 0.20% Uruguay 0.20% Australia 0.17% Canada 0.15% Malaysia 0.08% Austria 0.05% Dominican Republic 0.05% Ukraine 0.05% Germany 0.04% Lebanon 0.04% Netherlands 0.04% El Salvador 0.03% Ireland 0.03% Nigeria 0.03% Pakistan 0.02% Costa Rica 0.01% France 0.01% Greece 0.01% Jamaica 0.01% Japan 0.01% Jersey Ci 0.01% Poland 0.01% Spain 0.01% Sweden 0.01% Total 100.00% Credit Quality Breakdown Portfolio% AAA 72.74% AA 0.82% A 5.63% BBB 3.03% BB 9.85% B 4.44% CCC 1.42% A-1+ 2.04% NR 0.03% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 12.35% Investment Operations: 23.16% Preferred Stock: 0% Total: 35.51%(*) Avg. Maturity: 8.96 Years Duration: Corporate 6.25 yrs Emerging Market 5.41 yrs US Treasury 4.16 yrs High Yield 2.02 yrs Total Portfolio: 4.39 Years Total Net Assets: $2088.9 Million Net Asset Value: $8.61 Number of Holdings: 495 (*) The total percentage of leverage constitutes 12.35% in bank loans and 23.16% 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. DATASOURCE: AllianceBernstein Income Fund, Inc. CONTACT: Shareholder Contact: +1-800-221-5672 Web site: http://www.alliancebernstein.com/

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