AMO Merrill Lynch

NEW YORK, Dec. 21 /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. (NYSE:AMO), a closed-end management investment company, declared on this date, December 21, 2007, a quarterly distribution of $0.341 per share of Common Stock, payable on January 4, 2008 to shareholders of record at the close of business on December 31, 2007. Ex-date will be December 27, 2007. The quarterly distribution is in accordance with the Fund's policy of paying a quarterly distribution amounting to at least 2.5% of its net asset value, and constitutes exactly that amount. Alliance All-Market Advantage Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: AllianceBernstein L.P. CONTACT: Shareholder Contact, 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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