AllianceBernstein Announces June 30, 2009 Assets Under Management

Second Quarter 2009 Earnings Conference Call to be Held on July 30, 2009 at
5:00 P.M. (EDT)

NEW YORK, July 13 /PRNewswire-FirstCall/ -- AllianceBernstein Holding L.P.
(NYSE: AB) and AllianceBernstein L.P. today reported that during the month of
June, preliminary assets under management decreased by approximately $11
billion, or 2.4%, to $447 billion at June 30, 2009, due to net outflows,
primarily in the Institutional Investments and Retail channels.

ALLIANCEBERNSTEIN L.P.
(THE OPERATING PARTNERSHIP)
ASSETS UNDER MANAGEMENT
($ billions)
---------------------------------------- -----------
At June 30, 2009 At May 31,
(preliminary) 2009
---------------------------------------- -----------

Institutional Private
Investments Retail Client Total Total
------------- -------- --------- ------- -----------

Equity
Value $99 $34 $23 $156 $165
Growth 49 21 14 84 86
------------- -------- --------- ------- -----------
Total Equity 148 55 37 240 251
------------- -------- --------- ------- -----------

Fixed Income 116 33 29 178 178

Other(1) 14 15 - 29 29
------------- -------- --------- ------- -----------
Total $278 $103 $66 $447 $458
============= ======== ========= ======= ===========

----------------------------------------
At May 31, 2009
----------------------------------------

Total $286 $105 $67 $458
============= ======== ========= =======

(1) Includes Index, Structured and Asset Allocation services.

SECOND QUARTER 2009 EARNINGS CONFERENCE CALL INFORMATION

AllianceBernstein's management will review second quarter 2009 financial and
operating results on Thursday, July 30, 2009 during a conference call
beginning at 5:00 p.m. (EDT), following the release of its financial results
after the close of the New York Stock Exchange. The conference call will be
hosted by Peter S. Kraus, Chairman and Chief Executive Officer, David A.
Steyn, Chief Operating Officer and Robert H. Joseph, Jr., Chief Financial
Officer.

Parties may access the conference call by either webcast or telephone:
1. To listen by webcast, please visit AllianceBernstein's Investor
Relations website at http://ir.alliancebernstein.com/investorrelations
at
least 15 minutes prior to the call to download and install any
necessary
audio software.

2. To listen by telephone, please dial (866) 556-2265 in the U.S. or (973)
935-8521 outside the U.S., 10 minutes before the 5:00 p.m. (EDT)
scheduled start time. The conference ID# is 18685240.

The presentation that will be reviewed during the conference call will be
available on AllianceBernstein's Investor Relations website shortly after the
release of second quarter 2009 financial results on July 30, 2009.

A replay of the webcast will be made available beginning at approximately 7:00
p.m. (EDT) on July 30, 2009 and will be available on AllianceBernstein's
website for one week. An audio replay of the conference call will also be
available for one week. To access the audio replay, please call (800) 642-1687
from the U.S., or outside the U.S. call (706) 645-9291, and provide conference
ID# 18685240.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers
high-quality research and diversified investment services to institutional
clients, individuals and private clients in major markets around the world.
AllianceBernstein employs more than 500 investment professionals with
expertise in growth equities, value equities, fixed income securities, blend
strategies and alternative investments and, through its subsidiaries and joint
ventures, operates in more than 20 countries. AllianceBernstein's research
disciplines include fundamental research, quantitative research, economic
research and currency forecasting capabilities. Through its integrated global
platform, AllianceBernstein is well-positioned to tailor investment solutions
for its clients. AllianceBernstein also offers independent research, portfolio
strategy and brokerage-related services to institutional investors.

At June 30, 2009, AllianceBernstein Holding L.P. owned approximately 34.8% of
the issued and outstanding AllianceBernstein Units and AXA, one of the largest
global financial services organizations, owned an approximate 64.2% economic
interest in AllianceBernstein.

Cautions regarding Forward-Looking Statements

Certain statements provided by management in this news release are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks, uncertainties, and other factors that could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. The most significant of these factors include, but
are not limited to, the following: the performance of financial markets, the
investment performance of sponsored investment products and separately managed
accounts, general economic conditions, industry trends, future acquisitions,
competitive conditions, and government regulations, including changes in tax
regulations and rates and the manner in which the earnings of publicly traded
partnerships are taxed. We caution readers to carefully consider such factors.
Further, such forward-looking statements speak only as of the date on which
such statements are made; we undertake no obligation to update any
forward-looking statements to reflect events or circumstances after the date
of such statements. For further information regarding these forward-looking
statements and the factors that could cause actual results to differ, see
"Risk Factors" and "Cautions Regarding Forward-Looking Statements" in our Form
10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended
March 31, 2009. Any or all of the forward-looking statements that we make in
this news release, Form 10-K, Form 10-Q, other documents we file with or
furnish to the SEC, and any other public statements we issue, may turn out to
be wrong. It is important to remember that other factors besides those listed
in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and
those listed above, could also adversely affect our revenues, financial
condition, results of operations and business prospects.

SOURCE AllianceBernstein L.P.

Philip Talamo, Investor Relations, +1-212-969-2383, ir@alliancebernstein.com;
or John Meyers, Media, +1-212-969-2301, john.meyers@alliancebernstein.com