Alliance California Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of

September 30, 2009.

                    Alliance California Municipal Income Fund, Inc.

                Top 10 Fixed-Income Holdings
                                                                Portfolio%
        1)Los Angeles CA USD GO MBIA Series 02E 5.125%,           5.50%
           1/01/27 (Prerefunded/ETM)
        2)Los Angeles CA Dept W&P Pwr MBIA-RE Series              5.01%
          01A 5.125%, 7/01/41
        3)California GO 5.25%, 4/01/30                            4.84%
          (Prerefunded/ETM)
        4)Palo Alto CA Univ Ave AD Series 02A 5.875%,             3.69%
          9/02/30
        5)Puerto Rico Hwy & Trnsp Auth Series 02D                 3.55%
          5.375%, 7/01/36 (Prerefunded/ETM)
        6)Puerto Rico Elec Pwr Auth XLCA Series 02-2              3.33%
          5.25%, 7/01/31 (Prerefunded/ETM)
        7)Los Angeles CA Cmnty Redev Agy (Los Angeles             3.28%
          CA CRA Grand Ctrl) AMBAC Series 02 5.375%,
          12/01/26
        8)California Infra & Eco Dev Bk (YMCA of Metro            3.11%
          Los Angeles) AMBAC Series 01 5.25%, 2/01/32
        9)Los Angeles CA Harbor Dept 5.00%, 8/01/26               3.00%
        10)Temecula CA Redev Agy MBIA Series 02 5.25%,            2.91%
          8/01/36


          Sector/Industry Breakdown
                                                              Portfolio%
            Prerefunded/ETM                                    22.90%
            Special Tax                                        11.76%
            Health Care - Not-for-Profit                        7.82%
            Airport/Ports                                       7.17%
            Tax-Supported Local Lease                           6.79%
            Higher Education                                    6.51%
            Water & Sewer                                       6.18%
            Housing - Multi-Family                              5.14%
            Revenue - Miscellaneous                             4.99%
            Assessment District                                 4.73%
            State G.O.                                          3.80%
            Local G.O.                                          3.55%
            Toll Roads/Transit                                  3.26%
            Tax-Supported State Lease                           2.03%
            Insured                                             1.55%
            Primary/Secondary Ed. - Private                     1.09%
            Higher Education - Private                          0.73%
            Total                                             100.00%


          State Breakdown
                                                              Portfolio%
            California                                         90.15%
            Puerto Rico                                         8.47%
            Nevada                                              1.02%
            Ohio                                                0.22%
            Colorado                                            0.14%
            Total                                             100.00%


          Credit Quality Breakdown
                                                              Portfolio%
                    AAA                                        41.11%
                    AA                                         22.50%
                    A                                          25.79%
                    BBB                                         9.15%
                    BB                                          1.45%
                    Total Investments                         100.00%

    Portfolio Statistics
     AMT Percentage:                 16.54%
     Average Coupon:                 5.01%
     Percentage of Leverage:
        Bank Loans:                  0.00%
        Investment Operations:       3.46%
        Preferred Stock:             26.09%
     Total Fund Leverage:            29.55%*

     Avg. Maturity:                  15.10 Years
     Effective Duration:             6.00 Years
     Total Net Assets:              $195.9 Million
     Net Asset Value:               $14.45
     Number of Holdings:             67

    * The total percentage of leverage constitutes 26.09% in issued and
    outstanding preferred stock and 3.46% 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 Alliance California Municipal Income Fund, Inc.