NEW YORK, Aug. 23 /PRNewswire-FirstCall/ -- ACM Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of July 31, 2005. ACM Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury Bonds 11.25% (02/15/15) 8.39% 2) US Treasury Bonds 13.25% (05/15/14) 6.73% 3) US Treasury Stripped Prin 0.00% (05/15/17) 5.26% 4) US Treasury Stripped Prin 0.00% (11/15/21) 4.61% 5) FNMA 30 Yr TBA Sep 6.00% (09/25/35) 4.49% 6) Russian Federation - 144a 5.00% (03/31/30) 3.77% 7) US Treasury Bonds 12.00% (08/15/13) 3.42% 8) US Treasury Bonds 12.50% (08/15/14) 3.13% 9) US Treasury Bonds 6.25% (05/15/30) 2.67% 10) Resolution Funding Corp 0.00% (10/15/20) 2.49% Security Type Breakdown Portfolio% Treasury 42.73% Sovereign 21.39% FNMA 8.98% FHLMC/CMO 6.10% Bank Loans 3.44% FNMA/CMO 3.28% Inflation Indexed Bonds 1.53% FHLMC 0.86% Yankee Bonds 0.43% GNMA 0.19% Preferred Stock 0.12% Brady Bonds 0.07% Corporate: Communications-Mobile 0.83% Financial 0.66% Cable 0.64% Communications-fixed 0.59% Industrial 0.46% Paper/Packaging 0.46% Broadcasting/Media 0.44% Automotive 0.42% Public Utilities - Elec & Gas 0.38% Communications 0.34% Technology 0.33% Banking 0.29% Metals/Mining 0.22% Publishing 0.20% Entertainment/Leisure 0.18% Building/Real Estate 0.15% Chemicals 0.12% Petroleum Products 0.12% Air Transportation 0.07% Healthcare 0.04% Insurance 0.04% Agriculture 0.03% Containers 0.02% Energy 0.02% Food/Beverage 0.01% Sovereign 0.01% Short-term: Time Deposit 3.81% Total 100.00% Country Breakdown Portfolio% United States 76.46% Brazil 5.32% Russia 4.03% Mexico 3.48% Turkey 3.08% Argentina 1.12% Colombia 0.80% Philippines 0.68% Venezuela 0.62% Germany 0.53% Peru 0.51% Canada 0.50% South Africa 0.40% Indonesia 0.35% Japan 0.34% United Kingdom 0.31% Netherlands 0.21% Uruguay 0.20% Bermuda 0.18% Ecuador 0.18% Panama 0.11% Ukraine 0.11% Cayman Islands 0.09% Jamaica 0.09% Kazakhstan 0.09% El Salvador 0.04% Luxembourg 0.04% Dominican Republic 0.03% Nigeria 0.03% Australia 0.02% Lebanon 0.02% Bulgaria 0.01% China 0.01% Hong Kong 0.01% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 13.19% Investment Operations: 24.10% Preferred Stock: 0% Total: 37.29%* Avg. Maturity: 13.81 Years Duration: Corporate 7.57 yrs Emerging Market 5.11 yrs US Treasury 3.31 yrs High Yield 2.74 yrs Total Portfolio: 3.78 Years Total Net Assets: $1900.5 Million Net Asset Value: $8.31 Number of Holdings: 343 * The total percentage of leverage constitutes 13.19% in bank loans and 24.10% in investment operations which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities. 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 Alliance Capital Management L. P. DATASOURCE: ACM Income Fund CONTACT: Shareholder Contact for ACM Income Fund, 1-800-221-5672 Web site: http://www.alliancecapital.com/

Copyright