Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 23  /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP) (the "Fund") today released its monthly portfolio update as of

  September 30, 2009.


                  Alliance California Municipal Income Fund, Inc.

              Top 10 Fixed-Income Holdings
                                                              Portfolio%
      1)Los Angeles CA USD GO MBIA Series 02E 5.125%,           5.50%
         1/01/27 (Prerefunded/ETM)
      2)Los Angeles CA Dept W&P Pwr MBIA-RE Series              5.01%
        01A 5.125%, 7/01/41
      3)California GO 5.25%, 4/01/30                            4.84%
        (Prerefunded/ETM)
      4)Palo Alto CA Univ Ave AD Series 02A 5.875%,             3.69%
        9/02/30
      5)Puerto Rico Hwy & Trnsp Auth Series 02D                 3.55%
        5.375%, 7/01/36 (Prerefunded/ETM)
      6)Puerto Rico Elec Pwr Auth XLCA Series 02-2              3.33%
        5.25%, 7/01/31 (Prerefunded/ETM)
      7)Los Angeles CA Cmnty Redev Agy (Los Angeles             3.28%
        CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
        12/01/26
      8)California Infra & Eco Dev Bk (YMCA of Metro            3.11%
        Los Angeles) AMBAC Series 01 5.25%, 2/01/32
      9)Los Angeles CA Harbor Dept 5.00%, 8/01/26               3.00%
      10)Temecula CA Redev Agy MBIA Series 02 5.25%,            2.91%
        8/01/36


        Sector/Industry Breakdown
                                                            Portfolio%
          Prerefunded/ETM                                    22.90%
          Special Tax                                        11.76%
          Health Care - Not-for-Profit                        7.82%
          Airport/Ports                                       7.17%
          Tax-Supported Local Lease                           6.79%
          Higher Education                                    6.51%
          Water & Sewer                                       6.18%
          Housing - Multi-Family                              5.14%
          Revenue - Miscellaneous                             4.99%
          Assessment District                                 4.73%
          State G.O.                                          3.80%
          Local G.O.                                          3.55%
          Toll Roads/Transit                                  3.26%
          Tax-Supported State Lease                           2.03%
          Insured                                             1.55%
          Primary/Secondary Ed. - Private                     1.09%
          Higher Education - Private                          0.73%
          Total                                             100.00%


        State Breakdown
                                                            Portfolio%
          California                                         90.15%
          Puerto Rico                                         8.47%
          Nevada                                              1.02%
          Ohio                                                0.22%
          Colorado                                            0.14%
          Total                                             100.00%


        Credit Quality Breakdown
                                                            Portfolio%
                  AAA                                        41.11%
                  AA                                         22.50%
                  A                                          25.79%
                  BBB                                         9.15%
                  BB                                          1.45%
                  Total Investments                         100.00%

  Portfolio Statistics
   AMT Percentage:                 16.54%
   Average Coupon:                 5.01%
   Percentage of Leverage:
      Bank Loans:                  0.00%
      Investment Operations:       3.46%
      Preferred Stock:             26.09%
   Total Fund Leverage:            29.55%*

   Avg. Maturity:                  15.10 Years
   Effective Duration:             6.00 Years
   Total Net Assets:              $195.9 Million
   Net Asset Value:               $14.45
   Number of Holdings:             67

  * The total percentage of leverage constitutes 26.09% in issued and
  outstanding preferred stock and 3.46% 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:  Shareholder Contact:, [phone]

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