Alliance All-Market Advantage Fund Releases Monthly Portfolio Update

NEW YORK, March 19  /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of January 31, 2007.

                 Alliance All-Market Advantage Fund, Inc.


  Top 10 Equity Holdings
                                       Portfolio%           Country
  1)  Google Inc Class A                 5.93%          United States
  2)  Wellpoint Inc                      5.45%          United States
  3)  Apple Inc                          4.92%          United States
  4)  Procter & Gamble Co                4.25%          United States
  5)  Boeing Co                          4.03%          United States
  6)  Franklin Res Inc                   3.27%          United States
  7)  Merrill Lynch & Co                 3.08%          United States
  8)  Cisco Systems Inc                  3.07%          United States
  9)  Credit Suisse Group-spn Adr        2.87%          Switzerland
  10) Alcon Inc                          2.83%          Switzerland


  Sector/Industry Breakdown
                                                    Portfolio%
  Technology:
   Computer Hardware/Storage                          7.40%
   Internet Media                                     5.93%
   Communication Equipment                            4.15%
   Semiconductor Components                           3.14%
   Software                                           2.63%
   Computer Peripherals                               1.47%
   Internet Infrastructure                            1.12%
   Communication Services                             0.50%
   SUBTOTAL                                          26.34%
  Finance:
   Brokerage & Money Management                      10.84%
   Banking - Money Center                             3.91%
   Miscellaneous                                      3.00%
   Insurance                                          2.30%
   Mortgage Banking                                   0.53%
   SUBTOTAL                                          20.58%
  Consumer Services:
   Restaurants & Lodging                              6.04%
   Broadcasting & Cable                               4.84%
   Retail - General Merchandise                       4.52%
   Cellular Communications                            2.12%
   Entertainment & Leisure                            0.54%
   SUBTOTAL                                          18.06%
  Healthcare:
   Medical Services                                   5.45%
   Biotechnology                                      4.86%
   Medical Products                                   3.83%
   SUBTOTAL                                          14.14%
  Consumer Staples:
   Household Products                                 4.76%
   Food                                               1.48%
   SUBTOTAL                                           6.24%
  Aerospace & Defense                                 5.17%
  Energy                                              3.77%
  Capital Goods:
   Miscellaneous                                      1.51%
   Engineering & Construction                         0.50%
   SUBTOTAL                                           2.01%
  Basic Industry                                      1.74%
  Consumer Manufacturing                              1.36%
  Short-term                                          0.59%
  Total                                             100.00%

  Security Type Breakdown
                                                  Portfolio%
  Domestic Equity                                   89.21%
  Foreign Equity                                    10.20%
  Short-term                                         0.59%
  Total                                            100.00%

  Country Breakdown
  Portfolio%
  United States                                     89.21%
  Switzerland                                        5.70%
  Netherlands Antilles                               1.59%
  Mexico                                             1.55%
  Japan                                              1.36%
  Short-term                                         0.59%
  Total                                            100.00%

  Portfolio Statistics
   Total Net Assets:                                 $49.4 Million
   Net Asset Value:                                  $13.35
   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, Alliance All-Market Advantage Fund, Inc.,

Inc., [phone]



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

Copyright