Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, June 19  /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the "Fund") today released its monthly portfolio update as of May 31, 2009.

                Alliance California Municipal Income Fund, Inc.

        Top 10 Fixed-Income Holdings                        Portfolio%

      1)Los Angeles CA USD GO MBIA Series 02E 5.125%,            5.81%
        1/01/27 (Prerefunded)
      2)Los Angeles CA Dept W&P Pwr FGIC Series 01A              5.13%
        5.125%, 7/01/41
      3)California GO 5.25%, 4/01/30 (Prerefunded)               5.10%
      4)Puerto Rico Hwy & Trnsp Auth Series 02D 5                3.72%
        .375%, 7/01/36 (Prerefunded)
      5)Puerto Rico Elec Pwr Auth XLCA Series 02-2 5             3.52%
        .25%, 7/01/31 (Prerefunded)
      6)California Infra & Eco Dev Bk (YMCA of Metro             3.30%
        Los Angeles) AMBAC Series 01 5.25%, 2/01/32
      7)Palo Alto CA Univ Ave AD Series 02A 5.875%, 9/02/30      3.29%
      8)Los Angeles CA Cmnty Redev Agy (Los Angeles              3.27%
        CA Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26
      9)Temecula CA Redev Agy MBIA Series 02 5.25%, 8/01/36      2.69%
     10)California Hlth Fac Fin Auth (Sutter Health)             2.65%
        Series 00A 6.25%, 8/15/35

         Sector/Industry Breakdown                      Portfolio%
          Education                                         15.10%
          Higher Education                                  13.07%
          Special Tax                                       12.14%
          Hospital/Health Care                               7.91%
          Community Facility                                 6.08%
          Corporate - Utility (Water)                        6.05%
          Transportation                                     5.65%
          Housing-Rental Units                               5.32%
          Assessment District                                5.19%
          COP/Lease Rental                                   4.36%
          General Obligation                                 4.33%
          Corporate - Utility (Electric)                     3.52%
          Port Facility                                      2.56%
          Water/SWR                                          2.37%
          Utility                                            2.35%
          Airport Facility                                   1.61%
          Resource Recovery/Solid Waste                      1.55%
          Miscellaneous                                      0.84%
          Total                                            100.00%

         State Breakdown
                                                        Portfolio%
          California                                        89.73%
          Puerto Rico                                        8.83%
          Nevada                                             1.05%
          Ohio                                               0.22%
          Colorado                                           0.17%
          Total                                            100.00%

         Credit Quality Breakdown
                                                        Portfolio%
                  AAA                                       46.26%
                  AA                                        28.24%
                  A                                         15.84%
                  BBB                                        8.21%
                  BB                                         1.45%
                  Total Investments                        100.00%

  Portfolio Statistics
         AMT Percentage:                      16.48%
         Average Coupon:                      5.04%
         Percentage of Leverage:
                Bank Loans:                   00.0%
                Investment Operations:        4.43%
                Preferred Stock:              38.02%
         Total Fund Leverage:                 42.45%*

         Avg. Maturity:                       11.64 Years
         Duration:                            7.33 Years
         Total Net Assets:                    $186.3 Million
         Net Asset Value:                     $13.33
         Number of Holdings:                  67



* The total percentage of leverage constitutes 38.02% in issued and outstanding preferred stock and 4.43% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, 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: Alliance California Municipal Income Fund, Inc.



CONTACT:  Alliance California Municipal Income Fund, Inc. Shareholder

Contact, 1-800-221-5672

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