NEW YORK, April 27 /PRNewswire-FirstCall/ -- ACM Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of March 31, 2006. ACM Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15) 7.62% 2) US Treasury 13.25% (05/15/14) 6.11% 3) US Treasury Strip 0.00% (05/15/17) 4.91% 4) US Treasury Strip 0.00% (11/15/21) 4.24% 5) FNMA 30 Yr TBA May 6.50% (05/25/36) 3.72% 6) FNMA 30 Yr TBA Apr 5.50% (04/25/36) 3.70% 7) US Treasury 12.00% (08/15/13) 3.12% 8) US Treasury 12.50% (08/15/14) 2.85% 9) Russian Federation 5.00% (03/31/30) 2.68% 10) US Treasury 3.25% (08/15/07) 2.57% Security Type Breakdown Portfolio% Treasury 46.52% Sovereign 20.45% FNMA 11.59% Bank Loans 3.10% FHLMC 2.66% FNMA/CMO 1.06% FHLMC/CMO 0.86% GNMA/CMO 0.22% GNMA 0.15% Yankee Bonds 0.13% CMO/ABS 0.12% Preferred Stock 0.08% Brady Bonds 0.05% Corporate: Automotive 1.41% Financial 0.65% Communications-Mobile 0.61% Cable 0.59% Banking 0.42% Metals/Mining 0.38% Industrial 0.34% Communications 0.33% Broadcasting/Media 0.32% Communications-fixed 0.25% Public Utilities - Elec & Gas 0.24% Agriculture 0.21% Petroleum Products 0.20% Healthcare 0.19% Publishing 0.18% Technology 0.15% Entertainment/Leisure 0.13% Chemicals 0.12% Food/Beverage 0.09% Insurance 0.07% Containers 0.01% Corporate 0.01% Energy 0.01% Retail 0.01% Sovereign 0.01% SUBTOTAL 6.93% Short-term: Time Deposit 6.08% SUBTOTAL 6.08% Total 100.00% Country Breakdown Portfolio% United States 77.81% Brazil 5.91% Mexico 3.52% Russia 3.08% Turkey 1.85% United Kingdom 1.06% Argentina 0.97% Philippines 0.73% Colombia 0.60% South Korea 0.60% Venezuela 0.59% Germany 0.49% Peru 0.45% Indonesia 0.41% Luxembourg 0.35% Netherlands 0.24% Uruguay 0.19% Bermuda 0.18% Cayman Islands 0.15% Canada 0.14% Panama 0.11% Kazakhstan 0.08% Nigeria 0.07% Austria 0.05% Ecuador 0.05% Lebanon 0.05% Australia 0.04% Costa Rica 0.03% Ukraine 0.03% Dominican Republic 0.02% El Salvador 0.02% France 0.02% Ireland 0.02% Poland 0.02% Spain 0.02% Bulgaria 0.01% Greece 0.01% Japan 0.01% South Africa 0.01% Sweden 0.01% Total 100.00% Credit Quality Breakdown Portfolio% AAA 64.51% AA 0.20% A 4.33% BBB 4.87% BB 11.59% B 7.29% CCC 1.08% A-1+ 6.08% NR 0.05% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 12.79% Investment Operations: 27.46% Preferred Stock: 0% Total: 40.25%* Avg. Maturity: 3.59 Years Duration: Corporate 6.07 yrs Emerging Market 5.10 yrs US Treasury 3.14 yrs High Yield 2.24 yrs Total Portfolio: 8.77 Years Total Net Assets: $1869.2 Million Net Asset Value: $8.15 Number of Holdings: 447 * The total percentage of leverage constitutes 12.79% in bank loans and 27.46% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when- issued securities. 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: ACM Income Fund, Inc. CONTACT: Shareholder Contact, for ACM Income Fund, Inc., 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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