AllianceBernstein National Municipal Income Fund, Inc. Reports Second Quarter Earnings

AllianceBernstein National Municipal Income Fund, Inc. Reports Second Quarter
Earnings

NEW YORK, June 26 /PRNewswire-FirstCall/ -- AllianceBernstein National
Municipal Income Fund, Inc. (NYSE: AFB), a registered closed-end investment
company, today announced earnings for the Fund's second fiscal quarter ended
April 30, 2009.

Total net assets of the Fund* on April 30, 2009 were $598,990,456, as compared
with $577,863,677 on January 31, 2009 and $697,224,313 on April 30, 2008. On
April 30, 2009, the net asset value per share of common stock was $12.45 based
on 28,656,080 shares of common stock outstanding.

April 30, 2009 January 31, 2009 April 30, 2008
-------------- ---------------- --------------
Total Net Assets $598,990,456 $577,863,677 $697,224,313
NAV Per Share $12.45 $11.71 $14.39
Shares Outstanding 28,656,080 28,656,080 28,656,080

For the period February 1, 2009 through April 30, 2009, total net investment
income was $7,579,616, or $0.26 per share of common stock. The total net
realized and unrealized gain was $20,335,348, or $0.71 per share of common
stock for the same period.

Second Quarter First Quarter Second Quarter
Ended Ended Ended
April 30, 2009 January 31, 2009 April 30, 2008
-------------- ---------------- --------------
Total Net Investment
Income $7,579,616 $7,922,311 $7,776,396
Per Share $0.26 $0.28 $0.27
Total Net Realized/
Unrealized Gain/(Loss) $20,335,348 ($2,576,629) ($14,899,493)
Per Share $0.71 ($0.09) ($0.52)

* Total net assets include assets attributable to both common and
preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by
AllianceBernstein L.P.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Shareholder Contact, +1-800-221-5672, for AllianceBernstein National Municipal
Income Fund, Inc.