Alliance All-Market Advantage Fund Releases Monthly Portfolio Update

NEW YORK, Nov. 20  /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of October 31, 2007.

  Alliance All-Market Advantage Fund, Inc.

          Top 10 Equity Holdings
                                         Portfolio%      Country
    1)  Google Inc-cl A                       7.15%      United States
    2)  Apple Inc                             6.66%      United States
    3)  Cisco Systems Inc                     4.90%      United States
    4)  Monsanto Co                           3.40%      United States
    5)  Hewlett-Packard Co                    3.36%      United States
    6)  Schlumberger Ltd                      3.24%      Netherland Antilles
    7)  Gilead Sciences Inc                   3.16%      United States
    8)  Baker Hughes Inc                      3.02%      United States
    9)  Cme Group Inc                         2.99%      United States
   10)  Franklin Resources Inc                2.95%      United States

          Sector/Industry Breakdown
                                         Portfolio%
        Technology:
           Computer Hardware/Storage         11.01%
           Communication Equipment            8.20%
           Semiconductor Components           5.68%
           Software                           1.73%
           SUBTOTAL                          26.62%
        Healthcare:
           Biotechnology                      6.61%
           Medical Products                   5.29%
           Medical Services                   3.73%
           Drugs                              1.39%
           SUBTOTAL                           7.02%
        Consumer Services:
           Miscellaneous                      7.15%
           Retail - General Merchandise       2.79%
           Restaurants & Lodging              1.87%
           Broadcasting & Cable               1.37%
           Cellular Communications            1.20%
           SUBTOTAL                          14.38%
        Finance:
           Brokerage & Money Management       7.05%
           Miscellaneous                      4.63%
           SUBTOTAL                          11.68%
        Energy:
           Oil Service                        6.72%
           Domestic Producers                 0.96%
           SUBTOTAL                           7.68%
        Basic Industry                        5.48%
        Capital Goods:
           Machinery                          2.55%
           Engineering & Construction         1.30%
           Electrical Equipment               0.84%
           Miscellaneous                      0.46%
           SUBTOTAL                           5.15%
        Consumer Staples:
           Household Products                 2.50%
           Beverages                          1.40%
           Food                               1.11%
           SUBTOTAL                           5.01%
        Multi Industry Companies              4.36%
        Aerospace & Defense                   2.62%
        Total                               100.00%

        Security Type Breakdown
                                         Portfolio%
        Domestic Equity                      88.34%
        Foreign Equity                       11.66%
        Total                               100.00%

        Country Breakdown
                                         Portfolio%
        United States                        88.33%
        Switzerland                           3.42%
        Netherland Antilles                   3.24%
        Finland                               1.54%
        Canada                                1.22%
        Mexico                                1.20%
        Israel                                1.05%
        Total                               100.00%


        Portfolio Statistics
         Total Net Assets:                 $52.5 Million
         Net Asset Value:                  $14.16
         Number of Holdings:                57



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/ 

Copyright