Alliance All-Market Advantage Fund Releases Monthly Portfolio Update

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

                 Alliance All-Market Advantage Fund, Inc.

       Top 10 Equity Holdings
                                      Portfolio%         Country
   1)  Apple Inc                         6.04%        United States
   2)  Google Inc. Class A               5.89%        United States
   3)  Wellpoint Inc                     4.73%        United States
   4)  Boeing Co                         4.08%        United States
   5)  Chicago Mercantile Exchange       3.62%        United States
   6)  Cisco Systems Inc                 3.54%        United States
   7)  Hewlett-Packard                   3.28%        United States
   8)  Franklin Resources Inc            3.10%        United States
   9)  Comcast Corp                      3.07%        United States
  10)  Procter & Gamble Co               2.92%        United States

       Sector/Industry Breakdown
                                      Portfolio%
  Technology:
        Computer Hardware/Storage       10.16%
        Communication Equipment          4.94%
        Software                         3.34%
        Semiconductor Components         2.35%
        Computer Peripherals             1.35%
        Internet Infrastructure          0.51%
        SUBTOTAL                        22.65%
  Finance:
        Brokerage & Money Management    10.68%
        Miscellaneous                    4.35%
        Banking - Money Center           4.19%
        Insurance                        1.18%
        SUBTOTAL                        20.40%
  Consumer Services:
        Miscellaneous                    5.89%
        Retail - General Merchandise     4.42%
        Restaurants & Lodging            3.95%
        Broadcasting & Cable             3.07%
        Cellular Communications          1.09%
        Apparel                          0.58%
        Entertainment & Leisure          0.10%
        SUBTOTAL                        19.10%
  Healthcare:
        Medical Services                 5.64%
        Biotechnology                    5.55%
        Medical Products                 4.60%
        Drugs                            2.48%
        SUBTOTAL                        18.27%
  Aerospace & Defense                    5.38%
  Consumer Staples:
        Household Products               2.92%
        Beverages                        0.89%
        Food                             0.68%
        SUBTOTAL                         4.49%
  Energy                                 3.80%
  Basic Industry                         2.71%
  Capital Goods:
        Engineering & Construction       1.04%
        Electrical Equipment             0.52%
        SUBTOTAL                         1.56%
  Multi Industry Companies               1.29%
  Short-term                             0.35%
  Total                                100.00%

  Security Type Breakdown
                                      Portfolio%
  Domestic Equity                       90.78%
  Foreign Equity                         8.87%
  Short-term                             0.35%
  Total                                100.00%

  Country Breakdown
                                      Portfolio%
  United States                         90.78%
  Switzerland                            5.02%
  Netherlands Antilles                   2.01%
  Mexico                                 1.09%
  Israel                                 0.60%
  Bermuda                                0.15%
  Short-term                             0.35%
  Total                                100.00%

  Portfolio Statistics
   Total Net Assets:                $50.8 Million
   Net Asset Value:                 $13.73
   Number of Holdings:              58



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 of Alliance All-Market Advantage Fund,

Inc., [phone]



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

Copyright