NEW YORK, Jan. 16 /PRNewswire-FirstCall/ -- ACM Government Opportunity Fund, Inc. ("ACM Government Opportunity"; NYSE: AOF), a closed-end management investment company, declared today, January 16, 2007, a possible final distribution payable to shareholders of record at the close of business on January 25, 2007. As of the close of business on January 26, 2007, the acquisition of the assets and the assumption of the liabilities of ACM Government Opportunity by ACM Income Fund, Inc. ("ACM Income" - NYSE: ACG) (the "Acquisition") will take place. The amount of the final distribution, if any, and payable date will not be determined until approximately the closing of the Acquisition. As previously announced, at a Special Meeting of Stockholders of ACM Government Opportunity Fund, Inc held on December 12, 2006, stockholders approved the Acquisition. The Acquisition will occur as of the close of business on January 26, 2007. As a result of the Acquisition, stockholders of ACM Government Opportunity will receive shares of ACM Income equivalent in aggregate net asset value to the shares they held in ACM Government Opportunity. Stockholders participating in ACM Government Opportunity's dividend reinvestment plan will receive full and factional ACM Income shares. Other stockholders will receive cash in lieu of fractional shares. ACM Government Opportunity is a diversified, closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. As of January 12, 2007, the total net assets of ACM Government Opportunity were $109,968,518. DATASOURCE: ACM Government Opportunity Fund, Inc. CONTACT: Shareholder Contact, ACM Government Opportunity Fund, Inc., 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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