Alliance California Municipal Income Fund Releases Monthly Portfolio Update

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

  October 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%,           5.54%
     1/01/27 (Prerefunded/ETM)
  2) Los Angeles CA Dept W&P Pwr MBIA-RE Series              5.04%
     01A 5.125%, 7/01/41
  3) California GO 5.25%, 4/01/30                            4.88%
     (Prerefunded/ETM)
  4) Palo Alto CA Univ Ave AD Series 02A 5.875%,             3.68%
     9/02/30
  5) Puerto Rico Hwy & Trnsp Auth Series 02D                 3.57%
     5.375%, 7/01/36 (Prerefunded/ETM)
  6) Puerto Rico Elec Pwr Auth XLCA Series 02-2              3.36%
     5.25%, 7/01/31 (Prerefunded/ETM)
  7) Los Angeles CA Cmnty Redev Agy (Los Angeles             3.32%
     CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
     12/01/26
  8) California Infra & Eco Dev Bk (YMCA of Metro            2.95%
     Los Angeles) AMBAC Series 01 5.25%, 2/01/32
  9) Los Angeles CA Harbor Dept 5.00%, 8/01/26               2.94%
  10)Temecula CA Redev Agy MBIA Series 02 5.25%,             2.83%
     8/01/36



    Sector/Industry Breakdown
                                                       Portfolio%
      Prerefunded/ETM                                    23.08%
      Special Tax                                        12.47%
      Health Care - Not-for-Profit                        7.84%
      Airport/Ports                                       6.98%
      Tax-Supported Local Lease                           6.78%
      Higher Education                                    6.36%
      Water & Sewer                                       6.20%
      Housing - Multi-Family                              5.17%
      Revenue - Miscellaneous                             4.76%
      Assessment District                                 4.72%
      State G.O.                                          3.75%
      Local G.O.                                          3.50%
      Toll Roads/Transit                                  3.15%
      Tax-Supported State Lease                           1.89%
      Insured                                             1.54%
      Primary/Secondary Ed. - Private                     1.08%
      Higher Education - Private                          0.73%
      Total                                             100.00%



      State Breakdown
                                                       Portfolio%
      California                                         90.12%
      Puerto Rico                                         8.51%
      Nevada                                              1.01%
      Ohio                                                0.22%
      Colorado                                            0.14%
      Total                                             100.00%



      Credit Quality Breakdown
                                                       Portfolio%
              AAA                                        41.19%
              AA                                         22.40%
              A                                          25.84%
              BBB                                         9.12%
              BB                                          1.45%
              Total Investments                         100.00%




Portfolio Statistics

    AMT Percentage:           16.67%
    Average Coupon:           5.39%
    Percentage of Leverage:
      Bank Loans:             0.00%
      Investment Operations:  3.59%
      Preferred Stock:        26.47%
    Total Fund Leverage:      30.06%*



    Avg. Maturity:          10.73 Years
    Effective Duration:     6.85 Years
    Total Net Assets:       $191.7 Million
    Net Asset Value:        $13.95
    Number of Holdings:     68



* The total percentage of leverage constitutes 26.47% in issued and outstanding preferred stock and 3.59% 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:  AllianceBernstein shareholder contact, 1-800-221-5672

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