NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (the "Fund") today released its monthly portfolio update as of September 30, 2009.

AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5.00%, 3.38% 4/01/23 2)Chicago IL O'hare Intl Arpt (O'hare Intl 2.14% Arpt) MBIA Series A 5.375%, 1/01/32 3)Wisconsin Hlth & Ed Fac Auth (Ministry 2.01% Health Care, Inc.) MBIA Series 02A 5.25%, 4)Clark Cnty NV Arpt FGIC Series 01B 5.25%, 1.88% 7/01/34 (Prerefunded/ETM) 5)Univ of Illinois FSA Series 07A 5.25%, 1.69% 10/01/26 6)Indianapolis IN Loc Bond Bank MBIA Series 2A 1.63% 5.25%, 7/01/33 (Prerefunded/ETM) 7)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.62% House Apts) MBIA Series 01A 5.55%, 10/01/36 8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.44% 25th Ave) MBIA Series 02 5.25%, 6/01/33 9)Chicago IL GO FGIC Series 00C 5.50%, 1/01/40 1.40% (Prerefunded/ETM) 10)Los Angeles CA Regl Arpts (Laxfuel 1.40% Corporation) AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 15.48% Health Care - Not-for-Profit 11.37% Airport/Ports 6.49% Insured 6.19% Local G.O. 6.10% State G.O. 4.45% Higher Education 4.23% Revenue - Miscellaneous 3.85% Special Tax 3.71% Assessment District 3.63% Transportation 3.38% Housing - Multi-Family 3.07% Tax-Supported Local Lease 2.49% Housing - Single Family 2.41% Guaranteed 2.34% Industrial Development - Industry 2.27% Industrial Development - Utility 2.27% Higher Education - Public 2.12% Tax-Supported State Lease 2.12% Water & Sewer 1.87% Money Market 1.84% Prepay Energy 1.65% Higher Education - Private 1.46% Industrial Development - Airline 1.40% Health Care - Municipal 1.28% Student Loan 1.13% Electric Utility 0.95% Primary/Secondary Ed. - Public 0.45% Total 100.00% State Breakdown Portfolio % Texas 18.95% Illinois 11.11% Florida 8.96% California 8.68% Nevada 3.96% Wisconsin 3.74% Alabama 3.34% Washington 3.17% New York 2.99% Michigan 2.89% Colorado 2.76% Indiana 2.63% Louisiana 2.55% Tennessee 2.49% Massachusetts 2.47% Ohio 2.05% Pennsylvania 1.75% South Carolina 1.59% Alaska 1.54% Puerto Rico 1.40% Virginia 1.24% Arizona 1.03% Georgia 0.92% New Jersey 0.90% Rhode Island 0.83% New Hampshire 0.81% Mississippi 0.73% Hawaii 0.65% Oregon 0.65% North Carolina 0.63% District of Columbia 0.52% Missouri 0.51% North Dakota 0.43% Arkansas 0.36% Minnesota 0.31% Utah 0.22% Kansas 0.16% Iowa 0.08% Total 100.00% Credit Quality Breakdown Portfolio % AAA 37.44% AA 18.82% A 24.72% BBB 14.70% BB 3.60% B 0.32% CCC 0.28% A-1+ 0.12% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 16.10% Average Coupon: 5.19% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 5.02% Preferred Stock: 25.90% Total Fund Leverage: 30.92%* Avg. Maturity: 15.20 Years Effective Duration: 6.20 Years Total Net Assets: $646.0 Million Net Asset Value: $14.08 Number of Holdings: 220

* The total percentage of leverage constitutes 25.90% in issued and outstanding preferred stock and 5.02% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, 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.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.