NEW YORK, March 11 /PRNewswire-FirstCall/ -- AllianceBernstein Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported that during the month of February, preliminary assets under management decreased by approximately $5 billion, or 0.7%, to $746 billion at February 29, 2008, due primarily to negative investment returns. Net asset flows were slightly negative as net outflows in Retail and Institutional Investments were partially offset by net inflows in Private Client.

                            ALLIANCEBERNSTEIN L.P.
                         (THE OPERATING PARTNERSHIP)
                           ASSETS UNDER MANAGEMENT
                                 ($ billions)

                     -------------------------------------------   -----------
                                At February 29, 2008               At Jan. 31,
                                    (preliminary)                     2008
                     -------------------------------------------   -----------
                      Institutional            Private
                      Investments     Retail   Client     Total       Total
                     --------------  -------- ---------  -------   ---------
    Equity
      Value                   $221       $81       $46     $348        $353
      Growth                   107        42        25      174         177
                     --------------  -------- ---------  -------   ---------
    Total Equity               328       123        71      522         530
                     --------------  -------- ---------  -------   ---------

    Fixed Income               133        39        31      203         200


    Index/Structured            17         4         -       21          21
                     --------------  -------- ---------  -------   ---------
    Total                     $478      $166      $102     $746        $751
                     ==============  ======== =========  =======   =========

                     --------------------------------------------
                                  At January 31, 2008
                     --------------------------------------------

    Total                     $479      $169      $103     $751
                     ==============  ======== =========  =======



    About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies and alternative investments and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein's research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

At December 31, 2007, AllianceBernstein Holding L.P. ("Holding") owned approximately 33.4% of the issued and outstanding AllianceBernstein Units. AXA Financial was the beneficial owner of approximately 62.8% of the AllianceBernstein Units at December 31, 2007 (including those held indirectly through its ownership of approximately 1.7% of the issued and outstanding Holding Units) which, including the general partnership interests in AllianceBernstein and Holding, represent an approximate 63.2% economic interest in AllianceBernstein. AXA Financial is a wholly-owned subsidiary of AXA, one of the largest global financial services organizations.

Cautions regarding Forward-Looking Statements

Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance we achieve for our clients, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. We caution readers to carefully consider our forward-looking statements in light of these factors. Further, these forward-looking statements speak only as of the date on which such statements are made; we undertake no obligation to update any forward-looking statements to reflect subsequent events or circumstances. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" in Item 1A of Form 10-K for the year ended December 31, 2007. Any or all of the forward-looking statements that we make in Form 10-K, this news release, or any other public statements we issue may turn out to be wrong. Of course, factors other than those listed in "Risk Factors" could also adversely affect our revenues, financial condition, results of operations, and business prospects.

Source: AllianceBernstein Holding L.P.