NEW YORK, Sept. 19 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (NYSE: SNF), a closedend management investment company, declared on this date, September 19, 2008, a quarterly distribution of $0.264 per share of Common Stock, payable on October 3, 2008 to shareholders of record at the close of business on September 30, 2008. Exdate will be September 26, 2008. The quarterly distribution is in accordance with the Fund's policy of paying a quarterly distribution amounting to at least 2.5% of its net asset value, and constitutes exactly that amount. The Spain Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: The Spain Fund CONTACT: Shareholder Contact, 1-800-221-5672

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