NEW YORK, Sept. 13 /PRNewswire-FirstCall/ -- The Boards of Directors of ACM Income Fund, Inc. ("ACM Income" - NYSE: ACG) and ACM Government Opportunity Fund, Inc. ("ACM Government Opportunity" - NYSE: AOF) have approved today a proposal of the acquisition of the assets and the assumption of the liabilities of ACM Government Opportunity by ACM Income (the "Acquisition"). The Acquisition is subject to approval by stockholders of ACM Government Opportunity. A Special Meeting of Stockholders of ACM Government Opportunity is scheduled to be held on Tuesday, December 12, 2006. The close of business on October 13, 2006 has been fixed as the record date for the Special Meeting of Stockholders. If approved by stockholders, the Acquisition is expected to take place in early 2007. ACM Government Opportunity and ACM Income are diversified, closed-end U.S.-registered management investment companies. Both Funds are advised by AllianceBernstein L.P. As of September 8, 2006, the total net assets of ACM Government Opportunity and ACM Income were, $109,668,577, and $1,862,133,198, respectively. DATASOURCE: ACM Income Fund, Inc.; ACM Government Opportunity Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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