Alliance All-Market Advantage Fund, Inc. Reports Third Quarter Earnings

NEW YORK, Aug. 29  /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO), a registered closed-end investment company, today announced earnings for the third quarter ended June 30, 2007.

Total net assets of the Fund on June 30, 2007 were $48,777,840 as compared with $47,464,400 on March 31, 2007 and $47,540,021 on June 30, 2006.  On June 30, 2007 the net asset value per share was $13.18 based on 3,700,669 shares outstanding.

                             June 30, 2007   March 31, 2007 June 30, 2006

  Total Net Assets            $48,777,840     $47,464,400    $47,540,021
  NAV Per Share                    $13.18          $12.84         $12.89
  Shares Outstanding            3,700,669       3,697,685      3,687,129





For the period April 1, 2007 through June 30, 2007, total net operating loss was $98,211 or $0.03 per share.  The total net realized and unrealized loss was $2,559,315 or $0.69 per share for the same period.

                             Third Quarter   Second Quarter   Third Quarter
                                 Ended           Ended            Ended
                             June 30, 2007   March 31, 2007   June 30, 2006
  Total Net Investment
   Income (Loss)                 ($98,211)      ($186,044)     ($174,747)
  Per Share                        ($0.03)         ($0.05)        ($0.05)

  Total Net Realized/
  Unrealized Gain/(Loss)       $2,559,315        $424,209    ($4,000,041)
  Per Share                          $.69           $0.12         ($1.08)





Alliance All-Market Advantage Fund, Inc. is managed by AllianceBernstein L.P. 

DATASOURCE: Alliance All-Market Advantage Fund, Inc.



CONTACT:  Shareholder Contact, 1-800-221-5672 



Web site:  http://www.alliancebernstein.com/ 

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