AMO Merrill Lynch

NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of July 31, 2006. Alliance All-Market Advantage Fund, Inc. Top 10 Equity Holdings Portfolio% Country 1) Apple Computer Inc 6.32% United States 2) Wellpoint Inc 5.68% United States 3) Google Inc Class A 4.89% United States 4) Procter & Gamble Co 4.23% United States 5) Halliburton Co 3.96% United States 6) Boeing Co 3.93% United States 7) Genentech Inc 3.73% United States 8) Yahoo Inc. 3.72% United States 9) Alcon Inc 3.02% United States 10) Caremark Rx Inc 2.75% United States Sector/Industry Breakdown Portfolio% Healthcare: Medical Services 10.42% Biotechnology 5.46% Medical Products 3.02% Drugs 2.32% SUBTOTAL 21.22% Finance: Brokerage & Money Management 9.35% Banking - Money Center 4.85% Insurance 2.18% Miscellaneous 1.16% Banking - Regional 1.06% SUBTOTAL 18.60% Technology: Computer Hardware/Storage 6.32% Internet Media 4.89% Communication Equipment 3.31% Semiconductor Components 2.33% Computer Peripherals 1.18% SUBTOTAL 18.03% Consumer Services: Miscellaneous 3.72% Restaurants & Lodging 3.69% Retail - General Merchandise 2.52% Cellular Communications 1.21% SUBTOTAL 11.14% Energy 7.97% Aerospace & Defense 5.03% Consumer Staples 4.23% Capital Goods: Miscellaneous 1.67% Electrical Equipment 1.37% SUBTOTAL 3.04% Basic Industry 2.22% Multi Industry Companies 1.17% Short-term 7.35% Total 100.00% Security Type Breakdown Portfolio% Domestic Equity 80.79% Foreign Equity 11.86% Short-term 7.35% Total 100.00% Country Breakdown Portfolio% United States 80.78% Switzerland 5.68% Cayman Islands 2.66% Israel 2.32% Mexico 1.21% Short-term 7.35% Total 100.00% Portfolio Statistics Total Net Assets: $45.9 Million Net Asset Value: $12.44 Number of Holdings: 47 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, +1-800-221-5672 Web site: http://www.alliancebernstein.com/

Copyright