AMO Merrill Lynch

NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of September 30, 2007. Alliance All-Market Advantage Fund, Inc. Top 10 Equity Holdings Portfolio% Country 1) Apple Inc 6.49% United States 2) Google Inc-cl A 6.37% United States 3) Cisco Systems Inc 4.35% United States 4) Boeing Co 3.82% United States 5) Cme Group Inc 3.43% United States 6) Hewlett-Packard Co 3.23% United States 7) Schlumberger Ltd 3.16% Netherland Antilles 8) Franklin Resources Inc 2.96% United States 9) Baker Hughes Inc 2.88% United States 10) Monsanto Co 2.85% United States Sector/Industry Breakdown Portfolio% Computer Hardware/Storage 9.72% Communication Equipment 6.12% Semiconductor Components 5.44% Software 1.53% SUBTOTAL 22.81% Healthcare: Biotechnology 6.22% Medical Products 4.44% Medical Services 3.72% Drugs 1.19% SUBTOTAL 15.57% Finance: Brokerage & Money Management 10.65% Miscellaneous 4.67% SUBTOTAL 15.32% Consumer Services: Miscellaneous 6.37% Retail - General Merchandise 3.28% Broadcasting & Cable 2.75% Restaurants & Lodging 1.64% Cellular Communications 1.11% SUBTOTAL 15.15% Energy 6.46% Capital Goods: Machinery 2.25% Engineering & Construction 1.41% Electrical Equipment 0.88% Miscellaneous 0.87% SUBTOTAL 5.41% Aerospace & Defense 5.38% Consumer Staples: Household Products 2.53% Beverages 1.31% Food 0.95% SUBTOTAL 4.79% Basic Industry 4.57% Multi Industry Companies 3.17% Short-term 1.37% Total 100.00% Security Type Breakdown Portfolio% Domestic Equity 90.13% Foreign Equity 8.50% Short-term 1.37% Total 100.00% Country Breakdown Portfolio% United States 90.12% Netherland Antilles 3.16% Switzerland 2.70% Mexico 1.11% Canada 1.07% Israel 0.47% Short-term 1.37% Total 100.00% Portfolio Statistics Total Net Assets: $50.5 Million Net Asset Value: $13.63 Number of Holdings: 51 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/

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