AMO Merrill Lynch

NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO) (the "Fund") today released its monthly portfolio update as of October 31, 2007. Alliance All-Market Advantage Fund, Inc. Top 10 Equity Holdings Portfolio% Country 1) Google Inc-cl A 7.15% United States 2) Apple Inc 6.66% United States 3) Cisco Systems Inc 4.90% United States 4) Monsanto Co 3.40% United States 5) Hewlett-Packard Co 3.36% United States 6) Schlumberger Ltd 3.24% Netherland Antilles 7) Gilead Sciences Inc 3.16% United States 8) Baker Hughes Inc 3.02% United States 9) Cme Group Inc 2.99% United States 10) Franklin Resources Inc 2.95% United States Sector/Industry Breakdown Portfolio% Technology: Computer Hardware/Storage 11.01% Communication Equipment 8.20% Semiconductor Components 5.68% Software 1.73% SUBTOTAL 26.62% Healthcare: Biotechnology 6.61% Medical Products 5.29% Medical Services 3.73% Drugs 1.39% SUBTOTAL 7.02% Consumer Services: Miscellaneous 7.15% Retail - General Merchandise 2.79% Restaurants & Lodging 1.87% Broadcasting & Cable 1.37% Cellular Communications 1.20% SUBTOTAL 14.38% Finance: Brokerage & Money Management 7.05% Miscellaneous 4.63% SUBTOTAL 11.68% Energy: Oil Service 6.72% Domestic Producers 0.96% SUBTOTAL 7.68% Basic Industry 5.48% Capital Goods: Machinery 2.55% Engineering & Construction 1.30% Electrical Equipment 0.84% Miscellaneous 0.46% SUBTOTAL 5.15% Consumer Staples: Household Products 2.50% Beverages 1.40% Food 1.11% SUBTOTAL 5.01% Multi Industry Companies 4.36% Aerospace & Defense 2.62% Total 100.00% Security Type Breakdown Portfolio% Domestic Equity 88.34% Foreign Equity 11.66% Total 100.00% Country Breakdown Portfolio% United States 88.33% Switzerland 3.42% Netherland Antilles 3.24% Finland 1.54% Canada 1.22% Mexico 1.20% Israel 1.05% Total 100.00% Portfolio Statistics Total Net Assets: $52.5 Million Net Asset Value: $14.16 Number of Holdings: 57 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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