Alliance All-Market Advantage Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 15  /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of September 30, 2007.

                 Alliance All-Market Advantage Fund, Inc.

  Top 10 Equity Holdings
                                Portfolio%           Country
  1)  Apple Inc                      6.49%        United States
  2)  Google Inc-cl A                6.37%        United States
  3)  Cisco Systems Inc              4.35%        United States
  4)  Boeing Co                      3.82%        United States
  5)  Cme Group Inc                  3.43%        United States
  6)  Hewlett-Packard Co             3.23%        United States
  7)  Schlumberger Ltd               3.16%        Netherland Antilles
  8)  Franklin Resources Inc         2.96%        United States
  9)  Baker Hughes Inc               2.88%        United States
  10) Monsanto Co                    2.85%        United States

  Sector/Industry Breakdown
                                Portfolio%
     Computer Hardware/Storage       9.72%
     Communication Equipment         6.12%
     Semiconductor Components        5.44%
     Software                        1.53%
     SUBTOTAL                       22.81%
  Healthcare:
     Biotechnology                   6.22%
     Medical Products                4.44%
     Medical Services                3.72%
     Drugs                           1.19%
     SUBTOTAL                       15.57%
  Finance:
     Brokerage & Money Management   10.65%
     Miscellaneous                   4.67%
     SUBTOTAL                       15.32%
  Consumer Services:
     Miscellaneous                   6.37%
     Retail - General Merchandise    3.28%
     Broadcasting & Cable            2.75%
     Restaurants & Lodging           1.64%
     Cellular Communications         1.11%
     SUBTOTAL                       15.15%
  Energy                             6.46%
  Capital Goods:
     Machinery                       2.25%
     Engineering & Construction      1.41%
     Electrical Equipment            0.88%
     Miscellaneous                   0.87%
     SUBTOTAL                        5.41%
  Aerospace & Defense                5.38%
  Consumer Staples:
     Household Products              2.53%
     Beverages                       1.31%
     Food                            0.95%
     SUBTOTAL                        4.79%
  Basic Industry                     4.57%
  Multi Industry Companies           3.17%
  Short-term                         1.37%
  Total                            100.00%

  Security Type Breakdown
                                Portfolio%
  Domestic Equity                   90.13%
  Foreign Equity                     8.50%
  Short-term                         1.37%
  Total                            100.00%

  Country Breakdown
                                Portfolio%
  United States                     90.12%
  Netherland Antilles                3.16%
  Switzerland                        2.70%
  Mexico                             1.11%
  Canada                             1.07%
  Israel                             0.47%
  Short-term                         1.37%
  Total                            100.00%


  Portfolio Statistics
   Total Net Assets:         $50.5 Million
   Net Asset Value:          $13.63
   Number of Holdings:       51



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 All-Market Advantage Fund, Inc.



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



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

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