NEW YORK, May 25 /PRNewswire-FirstCall/ -- ACM Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of April 30, 2006. ACM Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury 11.25% (02/15/15) 7.62% 2) US Treasury 13.25% (05/15/14) 6.15% 3) US Treasury Strip 0.00% (05/15/17) 4.88% 4) US Treasury Strip 0.00% (11/15/21) 4.14% 5) FNMA 30 Yr TBA May 6.50% (05/25/36) 3.76% 6) FNMA 30 Yr TBA May 5.50% (05/25/36) 3.72% 7) US Treasury 12.00% (08/15/13) 3.14% 8) US Treasury 12.50% (08/15/14) 2.87% 9) Russian Federation 5.00% (03/31/30) 2.69% 10) US Treasury 3.25% (08/15/07) 2.60% Security Type Breakdown Portfolio% Treasury 48.60% Sovereign 22.01% FNMA 10.92% Bank Loans 3.46% FHLMC 3.03% GNMA 1.42% FNMA/CMO 1.11% FHLMC/CMO 0.90% GNMA/CMO 0.23% Yankee Bonds 0.15% CMO/ABS 0.12% Preferred Stock 0.07% Corporate: Automotive 1.49% Financial 0.75% Cable 0.68% Communications-Mobile 0.65% Banking 0.44% Metals/Mining 0.40% Industrial 0.38% Broadcasting/Media 0.35% Communications 0.35% Public Utilities - Elec & Gas 0.26% Technology 0.23% Agriculture 0.22% Petroleum Products 0.22% Healthcare 0.21% Publishing 0.19% Communications-fixed 0.18% Entertainment/Leisure 0.13% Chemicals 0.12% Food/Beverage 0.09% Insurance 0.08% Containers 0.02% Corporate 0.01% Energy 0.01% Retail 0.01% Sovereign 0.01% SUBTOTAL 7.48% Short-term: Time Deposit 0.50% SUBTOTAL 0.50% Total 100.00% Country Breakdown Portfolio% United States 76.56% Brazil 6.17% Mexico 3.50% Russia 3.09% Turkey 1.97% South Korea 1.30% United Kingdom 1.12% Argentina 1.04% Philippines 0.77% Venezuela 0.60% Germany 0.50% Colombia 0.49% Indonesia 0.45% Peru 0.43% Luxembourg 0.35% Netherlands 0.24% Uruguay 0.19% Bermuda 0.18% Canada 0.16% Cayman Islands 0.16% Panama 0.11% Kazakhstan 0.08% Nigeria 0.07% Ecuador 0.06% Austria 0.05% Lebanon 0.05% Australia 0.04% Ukraine 0.04% Costa Rica 0.03% Dominican Republic 0.03% El Salvador 0.03% France 0.03% Poland 0.02% Spain 0.02% Bulgaria 0.01% Greece 0.01% Ireland 0.01% Jamaica 0.01% Japan 0.01% South Africa 0.01% Sweden 0.01% Total 100.00% Credit Quality Breakdown Portfolio% AAA 64.24% AA 0.26% A 5.01% BBB 4.91% BB 11.95% B 7.71% CCC 1.14% A-1+ 4.78% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 12.87% Investment Operations: 27.13% Preferred Stock: 0% Total: 40.00%* Avg. Maturity: 8.93 Years Duration: Corporate 6.12 yrs Emerging Market 4.99 yrs US Treasury 3.20 yrs High Yield 2.11 yrs Total Portfolio: 3.61 Years Total Net Assets: $1865.5 Million Net Asset Value: $8.13 Number of Holdings: 454 * The total percentage of leverage constitutes 12.87% in bank loans and 27.13% 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 AllianceBernstein L. P. DATASOURCE: ACM Income Fund, Inc. CONTACT: Shareholder Contact for ACM Income Fund, Inc., 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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