The Spain Fund, Inc. Issues Statement NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (the "Fund"; NYSE: SNF) reported today that there have been no undisclosed recent developments affecting the Fund or its affairs which would account for the recent unusual market activity. The Fund is a non-diversified, closed-end management investment company advised by Alliance Capital Management L.P. DATASOURCE: The Spain Fund, Inc. CONTACT: The Spain Fund, Inc. Shareholders - 1-800-221-5672 Web site: http://www.alliancecapital.com/

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