AllianceBernstein Blended Style Series, Inc.

0001193125-13-009670.txt : 20130111 0001193125-13-009670.hdr.sgml : 20130111 20130110185424 ACCESSION NUMBER: 0001193125-13-009670 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130111 DATE AS OF CHANGE: 20130110 EFFECTIVENESS DATE: 20130111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN BLENDED STYLE SERIES INC CENTRAL INDEX KEY: 0001172221 IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-87002 FILM NUMBER: 13523971 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-969-1000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN BLENDED STYLE SERIES INC CENTRAL INDEX KEY: 0001172221 IRS NUMBER: 000000000 FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21081 FILM NUMBER: 13523972 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-969-1000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105

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485BPOS 1 d437512d485bpos.htm ALLIANCEBERNSTEIN BLENDED STYLE SERIES, INC. - RETIREMENT STRATEGIES AllianceBernstein Blended Style Series, Inc. - Retirement Strategies

As filed with the Securities and Exchange Commission on January 11, 2013

File Nos. 333-87002

811-21081

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT

UNDER


		*THE SECURITIES ACT OF 1933*		¨
		Pre-Effective Amendment No.		¨
		Post-Effective Amendment No. 30		x

and/or

REGISTRATION STATEMENT

UNDER

THE INVESTMENT COMPANY ACT OF 1940


		Amendment No. 33		x

AllianceBernstein Blended Style Series, Inc.

(Exact Name of Registrant as Specified in Charter)

1345 Avenue of the Americas,

New York, New York 10105

(Address of Principal Executive Office) (Zip Code)

(Registrant’s Telephone Number, including Area Code):

(800) 221-5672

EMILIE D. WRAPP

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Copies of Communications to:

Kathleen K. Clarke

Seward & Kissel LLP

901 K Street, NW

Suite 800

Washington, DC 20001

It is proposed that this filing will become effective (check appropriate box)

immediately upon filing pursuant to paragraph (b)

on January 11, 2013 pursuant to paragraph (b)

60 days after filing pursuant to paragraph (a)(1)

on (date) pursuant to paragraph (a)(1)

75 days after filing pursuant to paragraph (a)(2)

on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

This Post-Effective Amendment No. 30 relates solely to the Class A, Class B, Class C, Class R, Class K, Class I and Advisor Class shares, as applicable, of the AllianceBernstein 2000 Retirement Strategy, the AllianceBernstein 2005 Retirement Strategy, the AllianceBernstein 2010 Retirement Strategy, the AllianceBernstein 2015 Retirement Strategy, the AllianceBernstein 2020 Retirement Strategy, the AllianceBernstein 2025 Retirement Strategy, the AllianceBernstein 2030 Retirement Strategy, the AllianceBernstein 2035 Retirement Strategy, the AllianceBernstein 2040 Retirement Strategy, the AllianceBernstein 2045 Retirement Strategy, the AllianceBernstein 2050 Retirement Strategy and the AllianceBernstein 2055 Retirement Strategy. No information contained in the Registrant’s Registration Statement relating to the Class A, Class B, Class C, Class R, Class K, Class I and Advisor Class shares, as applicable, of the AllianceBernstein U.S. Large Cap Portfolio of the Registrant is amended or superseded hereby.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness to this amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of New York and State of New York, on the 11^th day of January, 2013.


ALLIANCEBERNSTEIN BLENDED STYLE SERIES, INC.

By:		Robert M. Keith*
		Robert M. Keith President

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment to the Registrant’s Registration Statement has been signed below by the following persons in the capacities and on the date indicated.


	Signature	Title	Date

1.	Principal Executive Officer:

	Robert M. Keith* Robert M. Keith	President and Chief Executive Officer	January 11, 2013


2.	Principal Financial and Accounting Officer:

	/s/ Joseph J. Mantineo Joseph J. Mantineo	Treasurer and Chief Financial Officer	January 11, 2013


3.	All of the Directors:

	John H. Dobkin* Michael J. Downey* William H. Foulk, Jr.* D. James Guzy* Nancy P. Jacklin* Robert M. Keith* Garry L. Moody* Marshall C. Turner, Jr.* Earl D. Weiner*


*By:	/s/ Stephen J. Laffey Stephen J. Laffey (Attorney-in-fact)		January 11, 2013

Index to Exhibits


Exhibit No.		Description of Exhibits

EX-101.INS		XBRL Instance Document

EX-101.SCH		XBRL Taxonomy Extension Schema Document

EX-101.CALC		XBRL Taxonomy Extension Calculation Linkbase

EX-101.DEF		XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB		XBRL Taxonomy Extension Labels Linkbase

EX-101.PRE		XBRL Taxonomy Extension Presentation Linkbase

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FEES AND EXPENSES OF THE STRATEGY This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/> percentage of the value of your investment) PORTFOLIO TURNOVER ALLIANCEBERNSTEIN 2040 RETIREMENT STRATEGY The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy’s portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 22% of the average value of its portfolio. INVESTMENT OBJECTIVE The Strategy’s investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. EXAMPLES FEES AND EXPENSES OF THE STRATEGY The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy’s operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the “Underlying Portfolios”). The Strategy is managed to the specific year of planned retirement included in its name (the “retirement date”). The Strategy’s asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the “target year”) at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor’s pre-retirement and early retirement years. After retirement the Strategy’s investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy’s retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy’s retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy’s asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy’s equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio’s equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy’s investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy’s asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy’s portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy’s SAI. PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy’s investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy’s asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy’s investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy’s investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios’ different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy’s NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy’s investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio’s assets can decline as can the value of that Underlying Portfolio’s distributions.</li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy’s investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy’s investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy’s NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio’s investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a <br/>percentage of the value of your investment) The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance"). <br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or &#8220turns over&#8221 its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy’s performance. During the most recent fiscal year, the Strategy’s portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 25% of the average value of its portfolio. EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy’s operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PRINCIPAL STRATEGIES: BAR CHART The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/> After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/><div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 9.66%. PRINCIPAL RISKS Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 18.78%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -22.32%, 4TH QUARTER, 2008. The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul> As with all investments, you may lose money by investing in the Strategy. PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS <br/><br/>(For the periods ended December 31, 2011) BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance"). <br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART December 31, 2013 The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 10.31%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 18.62%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -22.39%, 4TH QUARTER, 2008. 0.22 PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS <br/><br/>(For the periods ended December 31, 2011) You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 As with all investments, you may lose money by investing in the Strategy. The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy’s performance changed from year to year over the life of the Strategy; and </li></ul> <ul type="square"><li style="margin-left: -20px">how the Strategy’s average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> December 31, 2013 www.AllianceBernstein.com 0.25 The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy’s Class A shares and do not reflect sales loads. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 As with all investments, you may lose money by investing in the Strategy. The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. www.AllianceBernstein.com Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. ALLIANCEBERNSTEIN 2050 RETIREMENT STRATEGY Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; INVESTMENT OBJECTIVE year-to-date The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. FEES AND EXPENSES OF THE STRATEGY 2012-09-30 0.1031 BEST QUARTER 2009-09-30 0.1862 This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. WORST QUARTER SHAREHOLDER FEES (fees paid directly from your investment) 2008-12-31 ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) -0.2239 EXAMPLES ALLIANCEBERNSTEIN 2000 RETIREMENT STRATEGY The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 57% of the average value of its portfolio. PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/> After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/><div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left:-20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally. </li></ul><ul type="square"><li style="margin-left:-20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left:-20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left:-20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left:-20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left:-20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left:-20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left:-20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left:-20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left:-20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left:-20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one year and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 11.13%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/> BEST QUARTER WAS UP 18.72%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -21.66%, 4TH QUARTER, 2008. PERFORMANCE TABLE <br/>AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) 0.0425 0 0 0 0 0 0 December 31, 2013 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 0 0.04 0.01 As with all investments, you may lose money by investing in the Strategy. 0 0 0 0 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one year and since inception compare to those of a broad-based securities market index.</li></ul> ALLIANCEBERNSTEIN 2010 RETIREMENT STRATEGY 0 INVESTMENT OBJECTIVE 0 0 0 0 0 0 www.AllianceBernstein.com The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. FEES AND EXPENSES OF THE STRATEGY This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/> percentage of the value of your investment) EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 18% of the average value of its portfolio. PRINCIPAL STRATEGIES: Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; PRINCIPAL RISKS 0.57 The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left:-20px"> MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left:-20px"> INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px"> CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px"> ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left:-20px"> INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left:-20px"> FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left:-20px"> EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left:-20px"> CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left:-20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left:-20px"> FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left:-20px"> DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left:-20px"> LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left:-20px"> MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul> As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left:-20px"> how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul> <ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/><br/> The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART (NOT CURRENTLY OFFERED TO NEW INVESTORS) The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 7.37%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/> BEST QUARTER WAS UP 15.71%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -17.88%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/> AVERAGE ANNUAL TOTAL RETURNS<br/><br/> (For the periods ended December 31, 2011) 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.003 0.01 0.01 0 0.005 0.0025 0 0.002 0.0025 0.0025 0.0018 0.0025 0.0019 0.0008 0.0013 0.0013 0.0013 0.0013 0.0013 0.0013 0.0013 0.0033 0.0038 0.0038 0.0031 0.0038 0.0032 0.0021 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 0.0132 0.0207 0.0207 0.01 0.0157 0.0126 0.009 -0.0026 -0.0031 -0.0031 -0.0024 -0.0031 (NOT CURRENTLY OFFERED TO NEW INVESTORS) -0.0025 -0.0014 The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/> The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> 0 0.0425 0 0.0106 0 0 0.0176 0 0.0176 0 0.0076 0.0126 0.0101 0.0076 0 0.04 0.01 0 0 0 0 0 0 0 0 0 0 0 ALLIANCEBERNSTEIN 2020 RETIREMENT STRATEGY INVESTMENT OBJECTIVE 0.0065 0.0065 0.0065 The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. 0.0065 0.0065 0.0065 FEES AND EXPENSES OF THE STRATEGY 0.0065 This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) 0.003 ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/>percentage of the value of your investment) 0.01 0.01 0 EXAMPLES 0.005 0.0025 0 The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.0425 0 0 0 0 0 0 For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: 0.0007 0.0017 0.0025 0.0031 0.0037 0.004 0.0031 PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 17% of the average value of its portfolio. PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/> After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> December 31, 2013 PRINCIPAL RISKS You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul> As with all investments, you may lose money by investing in the Strategy. 100000 0.0021 0.0021 0.0021 BAR CHART AND PERFORMANCE INFORMATION 0.0021 0.0021 0.0021 0.0021 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance"). <br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.18 BAR CHART The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 8.43%. As with all investments, you may lose money by investing in the Strategy. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 17.87%, 2ND QUARTER, 2009; AND WORST QUARTER WAS DOWN -20.86%, 4TH QUARTER, 2008. 0.0052 0.0058 PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS <br/><br/>(For the periods ended December 31, 2011) 0.0061 0.0052 0.0046 0.0038 0.0028 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.015 0.0226 0.0229 0.012 0.0164 December 31, 2013 0.0131 0.0096 0.17 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 -0.0044 -0.005 As with all investments, you may lose money by investing in the Strategy. -0.0053 -0.0044 -0.0038 -0.003 -0.002 0 0.04 0.01 0 0 0 0 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.0106 0.0176 0.0176 0.0076 0.0126 0.0101 0.0076 The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing: <ul type="square"><li style="margin-left:-20px"> how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul> <ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. 0 0 0 0 0 0 0 The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes INVESTMENT OBJECTIVE The Strategy’s investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. 0.0065 0.0065 FEES AND EXPENSES OF THE STRATEGY Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.0065 0.0065 0.0065 0.0065 This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's Statement of Additional Information ("SAI"). 0.0065 SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: 0.003 0.01 0.01 PRINCIPAL STRATEGIES: 0 0.005 0.0025 0 The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/> The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left:-20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left:-20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's net asset value ("NAV") when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left:-20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left:-20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left:-20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left:-20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left:-20px">CAPITALIZATION RISK: Investments in small-and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left:-20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left:-20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments. </li></ul><ul type="square"><li style="margin-left:-20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left:-20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px"> how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left:-20px"> how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART The annual returns in the bar chart are for the Strategy’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 5.64%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy’s:<br/><br/>BEST QUARTER WAS UP 12.05%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -13.63%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) 528 579 279 PORTFOLIO TURNOVER 0.0049 0.0056 78 0.005 0.0071 128 0.0026 0.002 103 The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 43% of the average value of its portfolio. 0.0006 78 December 31, 2013 801 819 619 0.43 295 465 375 273 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. year-to-date 100000 2012-09-30 1094 0.0737 As with all investments, you may lose money by investing in the Strategy. 1085 1085 529 826 668 BEST QUARTER The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px"> how the Strategy's performance changed from year to year over the life of the Strategy; and </li></ul><ul type="square"><li style="margin-left:-20px"> how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> 485 www.AllianceBernstein.com 2009-09-30 The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.1571 528 579 The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. 279 78 1926 WORST QUARTER 2183 128 2375 103 1203 1841 78 1501 2008-12-31 1095 The Composite Benchmark reflects no deductions for fees, expenses or taxes. -0.1788 Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; ALLIANCEBERNSTEIN 2045 RETIREMENT STRATEGY 665 838 INVESTMENT OBJECTIVE 858 337 The Strategy’s investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. year-to-date 480 386 286 FEES AND EXPENSES OF THE STRATEGY 2012-09-30 0.0564 BEST QUARTER 2009-09-30 1169 0.1205 1165 1177 617 856 689 WORST QUARTER 511 2008-12-31 0.0003 0.0003 -0.1363 0.0003 0.0003 0.0003 0.0003 0.0003 2103 2364 2585 1416 1912 1553 1160 This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/> percentage of the value of your investment) PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy’s performance. During the most recent fiscal year, the Strategy’s portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 29% of the average value of its portfolio. EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy’s operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/> The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions. </li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. 0.0142 0.0143 0.0142 0.0136 0.0142 0.014 0.0146 0.0191 0.0199 0.0192 0.0207 0.0168 0.016 0.0152 0.0289 0.0367 0.036 179 179 0.0275 0.0286 0.0253 658 665 1165 1177 BAR CHART 2364 2585 -0.0183 -0.0191 -0.0184 -0.0199 -0.016 -0.0152 -0.0144 0.022 0.0076 0.0106 0.1778 0.0176 0.0176 0.0076 0.0126 0.0561 0.0101 BAR CHART AND PERFORMANCE INFORMATION -0.4135 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy’s performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left: -20px"> how the Strategy’s average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> You may obtain updated performance information on the Strategy’s website at www.AllianceBernstein.com (click on “Individuals--U.S.” then “Pricing & Performance”).<br /><br /> The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.3155 0.1256 179 179 -0.0771 619 619 1085 1085 2183 2375 December 31, 2013 0.29 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 -0.116 -0.1179 -0.0731 -0.1206 -0.092 -0.0739 -0.0791 -0.0769 -0.0742 0.1613 0.0551 0.133 For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: -0.0412 -0.045 -0.0354 -0.0395 -0.0394 -0.0298 -0.0347 -0.0321 -0.0299 0.0134 0.0604 -0.0012 As with all investments, you may lose money by investing in the Strategy. 0.0013 0.0027 -0.0012 0.1764 0.0025 0.0026 0.0125 0.0076 0.0102 0.0126 0.0424 0.0552 0.0559 0.0414 -0.4098 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 0.327 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 0.1279 2005-09-01 2005-09-01 -0.0643 0.0425 0 0 0 0 0 0 0.0425 0 0 0 0 0 0 Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; 0 0.04 0.01 0 0 0 0 0 0.04 0 0 0 0 0.01 Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes The Composite Benchmark reflects no deductions for fees, expenses or taxes. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The annual returns in the bar chart are for the Strategy’s Class A shares and do not reflect sales loads. (NOT CURRENTLY OFFERED TO NEW INVESTORS) -0.1036 -0.106 -0.0643 -0.1077 -0.0797 -0.0616 -0.064 -0.0667 -0.0614 0.0551 0.1613 0.1292 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy’s performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left: -20px"> how the Strategy’s average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy’s Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 10.89%. -0.0354 -0.0404 -0.0311 -0.0338 -0.0338 -0.024 -0.029 -0.0265 -0.0239 0.0134 0.0604 0.0023 0.0052 0.0003 0.003 0.0048 0.0047 0.015 PERFORMANCE TABLE<br />AVERAGE ANNUAL TOTAL RETURNS<br /><br />(For the periods ended December 31, 2011) 0.0102 0.0125 0.0424 0.015 0.0559 0.0435 Calendar Year End (%)<br /><br />During the period shown in the bar chart, the Strategy’s:<br /><br />BEST QUARTER WAS UP 18.57%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -22.49%, 4TH QUARTER, 2008. 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 0.0055 0.0055 0.0055 0.0055 0.0055 0.0055 0.0055 0.003 0.01 0.01 0 0.005 0.0025 0 0.0035 0.0034 0.0033 0.0078 0.0026 0.0018 0.0008 0.0108 0.0113 0.011 0.0107 0.011 0.0109 0.0113 0.0143 0.0147 0.0143 0.0185 0.0136 0.0127 0.0121 0.0425 0 0 0 0 0 0 0.0003 0.0003 0.0003 0.0003 0.0003 0 0 0.0003 0 0.0003 0 0.01 0.04 0 0.0231 0.0305 0.0301 0.0243 0.0244 0.021 0.0179 -0.0145 -0.0149 -0.0145 -0.0187 -0.0138 -0.0129 -0.0123 0.0086 0.0156 0.0056 0.0156 0.0106 0.0081 0.0056 December 31, 2013 0.24 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 0.0425 0 0 100000 0 0 0 0 0 0 0 0.04 0 0.01 As with all investments, you may lose money by investing in the Strategy. 0 0 0 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com 0 0 0 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2030RetirementStrategy column period compact * ~</div> The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. 0 509 0 0 The Composite Benchmark reflects no deductions for fees, expenses or taxes. 559 0 0 0 259 0 57 108 83 Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes 57 0 982 Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; 1002 (NOT CURRENTLY OFFERED TO NEW INVESTORS) 794 628 578 0 533 0.0425 443 0 0 Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0 0 0 0 0.0055 0.0055 0.0055 0.0055 0.0055 0.0055 ALLIANCEBERNSTEIN 2035 RETIREMENT STRATEGY 0.0055 1481 1471 0 0.04 0.01 1455 0 0 1126 0 INVESTMENT OBJECTIVE 1176 0 1010 854 The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2030RetirementStrategy column period compact * ~</div> FEES AND EXPENSES OF THE STRATEGY 0.003 This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy’s SAI. 0.01 0.01 0 0 0 0 0 0 0 0.005 0 0.0025 0 SHAREHOLDER FEES (fees paid directly from your investment) 2851 3085 ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/>percentage of the value of your investment) 3225 2623 2671 2329 2004 EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy’s operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 24% of the average value of its portfolio. PRINCIPAL STRATEGIES: 0.0065 0.0065 0.0065 0.0065 The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/> The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> 0.0065 0.0065 0.0065 PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left:-20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left:-20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left:-20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left:-20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left:-20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left:-20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left:-20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left:-20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left:-20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left:-20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments. </li></ul><ul type="square"><li style="margin-left:-20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left:-20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION 159 0.0018 0.0014 159 0.0014 0.0025 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.005 0.003 0.01 0.01 0 BAR CHART <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2030RetirementStrategy column period compact * ~</div> 0.0025 0 The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 5.34%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 18.59%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -22.48%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/> AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) 0.0156 0.0161 0.0157 0.0168 0.0025 0.0019 0.0005 0.006 0.006 0.006 0.006 0.006 0.006 0.006 0.0522 0.0509 0.0539 0.053 0.0526 0.003 0.0501 0.01 0.01 0 0.005 0.0025 0 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2035RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2030RetirementStrategy column period compact * ~</div> 0.0683 0.0666 0.0707 0.0012 0.0016 0.0015 0.0555 0.0012 0.0026 0.0545 0.0019 0.0006 0.0506 0.0676 0.001 0.001 0.001 0.001 0.001 0.001 0.001 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0003 0.0022 0.0026 0.0025 0.0022 0.0036 0.0029 0.0016 0.0638 0.0574 0.0673 0.0775 0.0834 0.0851 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 802 794 0.0116 0.003 0.01 0.019 0.01 0.0189 0 0.005 0.0086 1471 0.0025 1455 0.015 0 0.0118 0.008 3085 3225 -0.0537 -0.0498 -0.0547 -0.0699 -0.0658 -0.0675 -0.0668 -0.0014 -0.0018 -0.0017 -0.0014 -0.0028 -0.0021 -0.0008 0.0019 0.0009 0.0012 -0.034 -0.041 -0.0208 -0.0371 -0.0084 0.0124 0.0075 0.0096 0.0123 0.1613 0.0551 0.0029 0.0734 0.0029 0.0102 0.0029 0.0027 0.0101 0.0172 0.0029 0.0028 0.0029 0.0126 0.0172 0.0076 0.0072 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2030RetirementStrategyBarChart column period compact * ~</div> 0.0176 0.0122 0.0176 0.0097 0.0106 0.0106 0.0072 0.0176 0.0176 0.0076 0.0126 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2035RetirementStrategy column period compact * ~</div> 0.0101 0.0076 0.0041 0.0047 0.0056 0.0043 -0.0034 0.0003 0.0041 0.0073 0.0054 0.0072 0.0172 0.0122 0.0047 0.015 0.0174 0.0038 0.0134 0.0604 0.024 -0.005 -0.006 0.052 -0.0058 -0.0051 -0.0046 -0.0038 -0.0028 0.0278 0.0194 0.0196 0.0275 0.0275 0.0377 0.0327 0.0353 0.038 0.0774 0.0424 0.0559 0.0475 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2030RetirementStrategy column period compact * ~</div> 0.0004 0.0004 0.0004 0.0004 0.0156 0.0004 0.0004 0.0004 0.0236 0.0234 0.0127 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2035RetirementStrategy column period compact * ~</div> 0.0172 0.0139 0.0104 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 0.013 0.0206 0.0202 0.0003 0.0003 0.01 0.0003 0.0003 0.0003 0.0163 0.0003 0.0003 0.0131 0.0097 0.0058 0.0068 0.0066 0.0059 0.0054 0.0046 0.0036 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2035RetirementStrategy column period compact * ~</div> -0.0036 -0.0042 -0.0038 0.0076 -0.0036 -0.0049 -0.0042 -0.0033 0.0094 0.0164 0.0164 0.0064 0.0114 0.0089 0.0064 528 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2035RetirementStrategyBarChart column period compact * ~</div> 579 279 78 128 103 78 2027 2071 1844 1649 1501 1412 1265 3136 2826 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2035RetirementStrategy column period compact * ~</div> 2684 2436 3400 3454 3445 6663 6831 6856 6508 5943 5716 5287 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2040RetirementStrategy column period compact * ~</div> 2012-09-30 0.0966 year-to-date 179 179 BEST QUARTER 1875 2009-09-30 1844 0.1878 3454 3400 WORST QUARTER 6831 6856 2008-12-31 -0.2232 -0.4087 0.3138 0.1241 525 575 -0.0836 275 74 124 99 74 247 354 447 577 780 765 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2040RetirementStrategy column period compact * ~</div> 1023 1010 1006 463 792 629 436 1762 2015 2198 1048 1767 1413 982 0.1329 -0.1221 -0.1249 -0.0758 -0.0991 -0.0821 -0.0843 -0.0811 0.1613 0.0551 -0.0856 -0.1254 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2040RetirementStrategy column period compact * ~</div> -0.0536 -0.0575 -0.0463 -0.0511 -0.0422 -0.0466 -0.0514 -0.044 0.0663 -0.0415 0.0111 -0.0021 528 579 279 2007-06-29 2007-06-29 78 2007-06-29 2007-06-29 128 2007-06-29 103 2007-06-29 2007-06-29 2007-06-29 78 2007-06-29 2007-06-29 2007-06-29 2007-06-29 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2040RetirementStrategy column period compact * ~</div> 850 879 675 352 497 403 303 1194 1206 1198 648 890 724 547 2162 2450 2632 1489 1992 1636 1246 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2040RetirementStrategyBarChart column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2040RetirementStrategy column period compact * ~</div> 175 175 580 577 1010 1006 2015 2198 517 567 267 65 116 91 65 -0.4087 786 805 597 283 466 0.3351 374 276 0.124 179 179 1075 1070 1053 679 517 675 840 678 504 1206 1198 2450 2632 1896 2161 2318 1192 1892 1542 1160 -0.0816 0.1617 0.05 -0.382 0.3193 0.1292 -0.0405 year-to-date 2012-09-30 0.1766 0.0572 -0.4153 0.1113 0.3134 -0.081 -0.0846 -0.0491 -0.0839 -0.0563 -0.0379 -0.0426 -0.0393 0.1235 -0.0377 0.1613 0.0551 0.1163 -0.0807 -0.0235 -0.0304 -0.0223 BEST QUARTER -0.0219 -0.0217 -0.0119 -0.0169 -0.0145 -0.0121 0.0134 0.0604 0.0095 0.0126 0.0061 0.0083 0.0123 0.0125 0.0226 0.0175 0.0201 0.0225 0.0424 0.0559 0.0453 2009-09-30 -0.1201 -0.122 -0.0757 -0.1228 -0.0962 -0.0782 -0.0825 -0.0798 -0.0777 0.1613 0.0551 0.1329 -0.043 -0.0472 -0.0368 0.1872 -0.0413 -0.0412 2005-09-01 -0.0317 2005-09-01 2005-09-01 -0.0365 2005-09-01 -0.034 2005-09-01 -0.0318 2005-09-01 2005-09-01 0.0134 2005-09-01 0.0604 2005-09-01 2005-09-01 -0.0017 2005-09-01 0.0006 -0.0034 -0.0002 0.0004 0.0003 0.0103 0.0053 0.0079 0.0102 WORST QUARTER 0.0424 0.0559 0.0411 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2008-12-31 -0.2166 167 167 605 597 1070 1053 2161 2318 BEST QUARTER 2009-06-30 0.1787 WORST QUARTER 2008-12-31 -0.2086 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2045RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2045RetirementStrategy column period compact * ~</div> 0.1215 0.0579 -0.255 0.2284 0.0999 0.0085 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2045RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2045RetirementStrategy column period compact * ~</div> -0.1211 -0.1262 -0.0723 -0.1237 -0.0963 -0.0789 -0.0836 -0.0806 -0.0788 0.1613 0.0551 0.1329 -0.0488 -0.0543 -0.043 -0.0463 -0.0459 -0.0368 -0.0417 -0.0389 -0.0368 -0.0021 0.0663 0.0111 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2045RetirementStrategyBarChart column period compact * ~</div> 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 2007-06-29 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2045RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2020RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2020RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2020RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2020RetirementStrategy column period compact * ~</div> -0.0577 -0.0644 -0.0352 -0.0605 -0.0324 -0.0137 -0.0178 -0.0149 -0.0134 0.1613 0.0551 0.1012 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2020RetirementStrategyBarChart column period compact * ~</div> -0.0065 -0.0157 -0.0095 -0.0048 -0.005 0.0051 0.0026 0 0.005 0.0134 0.0604 0.0188 0.0217 0.0131 0.0147 0.0215 0.0213 0.0315 0.0265 0.0291 0.0316 0.0424 0.0559 0.0484 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2020RetirementStrategy column period compact * ~</div> 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 year-to-date 2012-09-30 0.1089 BEST QUARTER 2009-09-30 0.1857 WORST QUARTER 2008-12-31 -0.2249 (NOT CURRENTLY OFFERED TO NEW INVESTORS) -0.1123 -0.1142 -0.0705 -0.1151 -0.0702 -0.0739 -0.0719 -0.0702 0.0551 0.1321 0.1613 -0.0893 -0.0404 -0.0446 -0.0348 -0.0388 -0.0389 -0.0291 -0.034 -0.0315 -0.0291 0.0134 0.0604 -0.001 0.0015 -0.0027 0.0003 0.0014 0.0013 0.0062 0.0089 0.0114 0.0424 0.0559 0.0415 0.0113 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2050RetirementStrategy column period compact * ~</div> 0.1725 0.0571 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2000RetirementStrategy column period compact * ~</div> -0.4149 0.3152 0.1269 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2050RetirementStrategy column period compact * ~</div> -0.0733 179 179 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2000RetirementStrategy column period compact * ~</div> 638 640 1123 1127 2270 2471 528 579 279 78 819 838 640 320 1131 1123 1127 582 2015 2270 2471 1331 0.1397 0.0565 -0.3288 0.2924 0.1202 -0.0155 ALLIANCEBERNSTEIN 2055 RETIREMENT STRATEGY INVESTMENT OBJECTIVE <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2050RetirementStrategyBarChart column period compact * ~</div> FEES AND EXPENSES OF THE STRATEGY The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a <br />percentage of the value of your investment) 128 103 78 EXAMPLES 260 478 383 284 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2050RetirementStrategy column period compact * ~</div> 852 685 507 1902 1542 1149 For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 46% of the average value of its portfolio. PRINCIPAL STRATEGIES: (NOT CURRENTLY OFFERED TO NEW INVESTORS) The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/><div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left:-20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left:-20px">how the Strategy's average annual returns for one year and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/><br/>The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 11.11%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 18.56%, 3RD QUARTER, 2009; AND WORST QUARTER WAS DOWN -20.61%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) 0.0065 0.0065 0.0065 0.0065 0.0065 0.46 0.0065 0.0065 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 0.003 0.01 December 31, 2013 0.01 0 0.005 0.0025 0 For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: 0.0024 0.0028 0.0029 0.0024 0.0025 0.0018 0.0007 0.0018 0.0019 0.0019 0.0019 0.0019 0.0018 0.0019 As with all investments, you may lose money by investing in the Strategy. 0.0042 0.0047 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one year and since inception compare to those of a broad-based securities market index.</li></ul> 0.0048 0.0043 0.0044 0.0036 www.AllianceBernstein.com 0.0026 The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. 0.0004 0.0004 0.0004 The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. 0.0004 0.0004 0.0004 0.0004 0.0141 0.0216 0.0217 0.0112 0.0163 0.013 0.0095 -0.0035 -0.004 -0.0041 -0.0036 -0.0037 -0.0029 -0.0019 The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes 0.0106 Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. 0.0176 Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; 0.0176 0.0076 0.0126 0.0101 0.0076 year-to-date 2012-09-30 0.0425 BEST QUARTER 0 0 0 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2010RetirementStrategy column period compact * ~</div> 2009-09-30 0 0 0 0.1856 WORST QUARTER 2008-12-31 0 -0.2061 0.04 0.01 0 0 0 0 0 0 0 0 0 0 0 (NOT CURRENTLY OFFERED TO NEW INVESTORS) <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2010RetirementStrategy column period compact * ~</div> 0.1111 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2010RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2010RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2010RetirementStrategyBarChart column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2010RetirementStrategy column period compact * ~</div> year-to-date 2012-09-30 0.0534 BEST QUARTER 2009-09-30 0.1859 WORST QUARTER 2008-12-31 -0.2248 528 579 279 78 128 103 78 549 642 735 664 933 1116 1147 1728 1735 1708 1277 1367 1209 1048 3376 3626 3742 2934 3070 2751 2421 ALLIANCEBERNSTEIN 2015 RETIREMENT STRATEGY INVESTMENT OBJECTIVE 179 179 947 933 1735 1708 3629 3742 The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. FEES AND EXPENSES OF THE STRATEGY This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 17% of the average value of its portfolio. EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2050RetirementStrategy column period compact * ~</div> For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/> After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/> The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall equity market volatility of the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/> The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/> The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/> <div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS The value of your investment in the Strategy will change with changes in the values of the Strategy's investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy's asset allocation.<br/> <ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy's investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul> <ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy's investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul> <ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul> <ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios' different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy's NAV when one of these investments is performing more poorly than the other.</li></ul> <ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy's investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio's assets can decline as can the value of that Underlying Portfolio's distributions.</li></ul> <ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy's investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul> <ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul> <ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy's investments or reduce its returns.</li></ul> <ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul> <ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy's NAV.</li></ul> <ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul> <ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio's investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul> <ul type="square"><li style="margin-left: -20px"> MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul> As with all investments, you may lose money by investing in the Strategy. BAR CHART AND PERFORMANCE INFORMATION The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<br/> <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul><ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> You may obtain updated performance information on the Strategy's website at www.AllianceBernstein.com (click on "Individuals--U.S." then "Pricing & Performance").<br/> <br/> The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 8.13%. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy's:<br/><br/>BEST QUARTER WAS UP 16.69%, 2ND QUARTER, 2009; AND WORST QUARTER WAS DOWN -19.40%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2050RetirementStrategy column period compact * ~</div> (NOT CURRENTLY OFFERED TO NEW INVESTORS) 0.0425 0 0 0 0 0 0 0 0 0 0 0.01 0.04 0 0 0 0 0 0 0 0 year-to-date 2012-09-30 0.0843 0.006 0.006 0.006 0.006 0.006 0.003 0.01 0.01 0 0.005 0.0006 0.001 0.0007 0.0005 0.0025 0.0013 0.0013 0.0013 0.0013 0.0013 0.0019 0.0023 0.002 0.0018 0.0038 0.0004 0.0004 0.0004 0.0004 0.0004 0.0113 0.0187 0.0184 0.0082 0.0152 -0.0015 -0.0019 -0.0016 -0.0014 -0.0034 0.0098 0.0168 0.0168 0.0068 0.0118 0.006 0.006 0.0025 0 0.0019 0.0007 0.0013 0.0013 0.0032 0.002 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2000RetirementStrategy column period compact * ~</div> 0.0004 0.0004 0.0121 0.0084 -0.0028 -0.0016 0.0093 0.0068 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2000RetirementStrategyBarChart column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2000RetirementStrategy column period compact * ~</div> ALLIANCEBERNSTEIN 2025 RETIREMENT STRATEGY INVESTMENT OBJECTIVE The Strategy's investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. FEES AND EXPENSES OF THE STRATEGY This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy's SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/>percentage of the value of your investment) December 31, 2013 521 571 271 69 EXAMPLES 120 95 The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy's operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 755 769 565 248 PORTFOLIO TURNOVER 447 356 1007 The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy's performance. During the most recent fiscal year, the Strategy's portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 19% of the average value of its portfolio. 993 985 441 797 638 0.19 1728 1981 2155 1001 1784 1441 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2000RetirementStrategy column period compact * ~</div> 69 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 252 450 100000 1022 For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities. <br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/><div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" align="right">20</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">5</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">16.25%</td> <td style="background-color: transparent;" class="xl66" align="right">13.75%</td> <td style="background-color: transparent;" class="xl66" align="right">11.25%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.25%</td> <td style="background-color: transparent;" class="xl66" align="right">3.50%</td> <td style="background-color: transparent;" class="xl66" align="right">2.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.75%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">12.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Retirement Date</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;" class="xl67" colspan="2">Years After Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">0</td> <td style="background-color: transparent;" align="right">5</td> <td style="background-color: transparent;" align="right">10</td> <td style="background-color: transparent;" align="right">15</td> <td style="background-color: transparent;" align="right">20</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.45%</td> <td style="background-color: transparent;" class="xl66" align="right">5.25%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">2.00%</td> <td style="background-color: transparent;" class="xl66" align="right">1.50%</td> <td style="background-color: transparent;" class="xl66" align="right">1.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td> <td style="background-color: transparent;" class="xl66" align="right">0.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.30%</td> <td style="background-color: transparent;" class="xl66" align="right">4.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td> <td style="background-color: transparent;" class="xl66" align="right">3.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Multi-Asset Real Return</td> <td style="background-color: transparent;" class="xl66" align="right">10.00%</td> <td style="background-color: transparent;" class="xl66" align="right">8.50%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Volatility Management</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">20.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td> <td style="background-color: transparent;" class="xl66" align="right">12.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">High Yield</td> <td style="background-color: transparent;" class="xl66" align="right">7.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.00%</td> <td style="background-color: transparent;" class="xl66" align="right">2.50%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Global Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td> <td style="background-color: transparent;" class="xl66" align="right">22.50%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Inflation-Protected</td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td> <td style="background-color: transparent;"> </td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">    Securities</td> <td style="background-color: transparent;" class="xl66" align="right">14.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td> <td style="background-color: transparent;" class="xl66" align="right">15.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">Short Duration Bonds</td> <td style="background-color: transparent;" class="xl66" align="right">0.00%</td> <td style="background-color: transparent;" class="xl66" align="right">9.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td> <td style="background-color: transparent;" class="xl66" align="right">27.50%</td></tr></table></div> PRINCIPAL RISKS 171 171 569 565 993 985 1981 2155 0.1528 0.0545 -0.3567 0.3068 0.1249 -0.0276 -0.069 -0.0743 -0.0419 -0.0727 -0.0448 -0.0244 -0.0296 -0.0268 -0.0252 0.1613 0.0551 0.1103 -0.0147 -0.0226 -0.0157 -0.013 -0.0131 -0.0029 -0.0081 -0.0056 -0.003 0.0604 0.0134 0.0146 The value of your investment in the Strategy will change with changes in the values of the Strategy’s investments in the Underlying Portfolios. There is no assurance that the Strategy will provide an investor with adequate income at or through retirement. The degree to which the following risks apply varies according to the Strategy’s asset allocation.<ul type="square"><li style="margin-left: -20px">MARKET RISK: The value of the Strategy’s investments will fluctuate as the stock or bond market fluctuates. The value of its investments may decline, sometimes rapidly and unpredictably, simply because of economic changes or other events that affect large portions of the market. It includes the risk that a particular style of investing, such as growth or value, may be underperforming the stock market generally.</li></ul><ul type="square"><li style="margin-left: -20px">INTEREST RATE RISK: Changes in interest rates will affect the value of the Strategy’s investments in Underlying Portfolios that invest in fixed-income securities. When interest rates rise, the value of investments in fixed-income securities tends to fall and this decrease in value may not be offset by higher income from new investments. Interest rate risk is generally greater for fixed-income securities with longer maturities or durations. Investments in fixed-income securities with lower credit ratings ("junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">CREDIT RISK: An issuer or guarantor of a fixed-income security, or the counterparty to a derivatives or other contract, may be unable or unwilling to make timely payments of interest or principal, or to otherwise honor its obligations. The issuer or guarantor may default, causing a loss of the full principal amount of a security. The degree of risk for a particular security may be reflected in its credit rating. There is the possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may adversely affect the value of the security. Investments in fixed-income securities with lower ratings tend to have a higher probability that an issuer will default or fail to meet its payment obligations.</li></ul><ul type="square"><li style="margin-left: -20px">ALLOCATION RISK: The allocation of investments among the Underlying Portfolios’ different investment styles, such as growth or value, equity or debt securities, or U.S. or non-U.S. securities, may have a more significant effect on the Strategy’s NAV when one of these investments is performing more poorly than the other.</li></ul><ul type="square"><li style="margin-left: -20px">INFLATION RISK: This is the risk that the value of assets or income from the Strategy’s investments in the Underlying Portfolios will be less in the future as inflation decreases the value of money. As inflation increases, the value of each Underlying Portfolio’s assets can decline as can the value of that Underlying Portfolio’s distributions.</li></ul><ul type="square"><li style="margin-left: -20px">FOREIGN (NON-U.S.) RISK: The Strategy’s investments in Underlying Portfolios that invest in securities of non-U.S. issuers may experience more rapid and extreme changes in value than investments in securities of U.S. issuers. These securities may fluctuate more widely in price and may be less liquid due to adverse market, economic, political, regulatory or other factors. This risk is greater when the Strategy has a higher asset allocation of Underlying Portfolios that invest in non-U.S. issuers.</li></ul><ul type="square"><li style="margin-left: -20px">EMERGING MARKET RISK: Investments in emerging market countries may involve more risk than investments in other foreign countries because the markets in emerging market countries are less developed and less liquid as well as subject to increased economic, political, regulatory and other uncertainties.</li></ul><ul type="square"><li style="margin-left: -20px">CURRENCY RISK: Fluctuations in currency exchange rates may negatively affect the value of the Strategy’s investments or reduce its returns.</li></ul><ul type="square"><li style="margin-left: -20px">CAPITALIZATION RISK: Investments in small- and mid-capitalization companies by Underlying Portfolios tend to be more volatile than investments in large-capitalization companies. Investments in small-capitalization companies may have additional risks because these companies often have limited product lines, markets, or financial resources.</li></ul><ul type="square"><li style="margin-left: -20px">FOCUSED PORTFOLIO RISK: The Underlying Portfolios that invest in a limited number of companies may have more risk because changes in the value of a single security may have a more significant effect, either negative or positive, on the Strategy’s NAV.</li></ul><ul type="square"><li style="margin-left: -20px">DERIVATIVES RISK: Investments in derivatives may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses, and may be subject to counterparty risk to a greater degree than more traditional investments.</li></ul><ul type="square"><li style="margin-left: -20px">LEVERAGE RISK: Borrowing money or other leverage may make an Underlying Portfolio’s investments more volatile because leverage tends to exaggerate the effect of any increase or decrease in the value of its investments. An Underlying Portfolio may create leverage through the use of certain portfolio management techniques such as reverse repurchase agreements or forward commitments, or by borrowing money.</li></ul><ul type="square"><li style="margin-left: -20px">MANAGEMENT RISK: The Strategy is subject to management risk because it is an actively managed investment fund. The Adviser will apply its investment techniques and risk analyses in making investment decisions for the Strategy, but there is no guarantee that its techniques will produce the intended results.</li></ul>As with all investments, you may lose money by investing in the Strategy. 0.0176 As with all investments, you may lose money by investing in the Strategy. 0.0102 0.0119 0.0176 0.0175 0.0279 0.0225 0.0251 BAR CHART AND PERFORMANCE INFORMATION 0.0278 0.0424 0.0559 0.0472 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 2005-09-01 The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy’s performance changed from year to year over the life of the Strategy; and </li></ul> <ul type="square"><li style="margin-left: -20px">how the Strategy’s average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul>You may obtain updated performance information on the Strategy’s website at www.AllianceBernstein.com (click on "Individuals--U.S." then “Pricing & Performance”).<br/><br/>The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<ul type="square"><li style="margin-left: -20px">how the Strategy’s performance changed from year to year over the life of the Strategy; and </li></ul> <ul type="square"><li style="margin-left: -20px">how the Strategy’s average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com The Strategy’s past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. BAR CHART The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. Through September 30, 2012, the year-to-date unannualized return for Class A shares was 8.97%. December 31, 2013 0.17 You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. 100000 As with all investments, you may lose money by investing in the Strategy. The bar chart and performance information provide an indication of the historical risk of an investment in the Strategy by showing:<br/> <ul type="square"><li style="margin-left: -20px">how the Strategy's performance changed from year to year over the life of the Strategy; and</li></ul> <ul type="square"><li style="margin-left: -20px">how the Strategy's average annual returns for one and five years and since inception compare to those of a broad-based securities market index.</li></ul> www.AllianceBernstein.com The Strategy's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. year-to-date 2012-09-30 0.0813 BEST QUARTER 2009-06-30 0.1669 WORST QUARTER 2008-12-31 -0.194 Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; The Composite Benchmark reflects no deductions for fees, expenses or taxes. The annual returns in the bar chart are for the Strategy's Class A shares and do not reflect sales loads. Calendar Year End (%)<br/><br/>During the period shown in the bar chart, the Strategy’s:<br/><br/>BEST QUARTER WAS UP 18.69%, 3RD QUARTER, 2009; AND WORST QUARTER WAS <br/>DOWN -21.93%, 4TH QUARTER, 2008. PERFORMANCE TABLE<br/>AVERAGE ANNUAL TOTAL RETURNS<br/><br/>(For the periods ended December 31, 2011) The Composite Benchmark reflects no deductions for fees, expenses or taxes. Are estimates based on the highest historical individual federal marginal income tax rates, and do not reflect the impact of state and local taxes Are not relevant to investors who hold Strategy shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Are shown for Class A shares only and will vary for Class B, Class C and Advisor Class shares because these Classes have different expense ratios; year-to-date 2005-09-01 0.0897 2012-09-30 BEST QUARTER 0.1869 2009-09-30 WORST QUARTER -0.2193 2008-12-31 <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstien2055RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstien2055RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstein2015RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstein2015RetirementStrategyBarChart column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstien2055RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstien2055RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleNoRedemptionAllianceBernstein2015RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleExpenseExampleAllianceBernstein2015RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualTotalReturnsAllianceBernstien2055RetirementStrategyBarChart column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAnnualFundOperatingExpensesAllianceBernstein2015RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleShareholderFeesAllianceBernstein2015RetirementStrategy column period compact * ~</div> <div style="display:none">~ http://www.alliancebernstein.com/role/ScheduleAverageAnnualTotalReturnsTransposedAllianceBernstien2055RetirementStrategy column period compact * ~</div> 0.0425 0 0 0 0 0 0 0 0.04 0.01 0 0 0 0 0 0 0 0 0 0 0 0.006 0.006 0.006 0.006 0.006 0.006 0.006 0.003 0.01 0.01 0 0.005 0.0025 0 0.0011 0.0015 0.0015 0.0012 0.0025 0.0019 0.0007 0.0012 0.0012 0.0012 0.0012 0.0012 0.0012 0.0012 0.0023 0.0027 0.0027 0.0024 0.0037 0.0031 0.0019 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 0.0004 0.0117 0.0191 0.0191 0.0088 0.0151 0.012 0.0083 -0.0013 -0.0017 -0.0017 -0.0014 -0.0027 -0.0021 -0.0009 0.0104 0.0174 0.0174 0.0074 0.0124 0.0099 0.0074 (NOT CURRENTLY OFFERED TO NEW INVESTORS) 527 577 277 76 126 101 76 ALLIANCEBERNSTEIN 2005 RETIREMENT STRATEGY INVESTMENT OBJECTIVE The Strategy’s investment objective is to seek the highest total return (total return includes capital appreciation and income) over time consistent with its asset mix. FEES AND EXPENSES OF THE STRATEGY This table describes the fees and expenses that you may pay if you buy and hold shares of the Strategy. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Strategies--Sales Charge Reduction Programs for Class A Shares on page 72 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A Shares on page 109 of the Strategy’s SAI. SHAREHOLDER FEES (fees paid directly from your investment) ANNUAL STRATEGY OPERATING EXPENSES (expenses that you pay each year as a<br/>percentage of the value of your investment) EXAMPLES The Examples are intended to help you compare the cost of investing in the Strategy with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Strategy for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Strategy’s operating expenses stay the same and that the fee waiver is in effect only for the first year. Although your actual costs may be higher or lower, based on these assumptions your costs would be: For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of the period: PORTFOLIO TURNOVER The Strategy (or an Underlying Portfolio) pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Strategy shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Strategy Operating Expenses or in the Examples, affect the Strategy’s performance. During the most recent fiscal year, the Strategy’s portfolio turnover rate (which reflects only purchases and sales of the Underlying Portfolios) was 23% of the average value of its portfolio. PRINCIPAL STRATEGIES: The Strategy seeks the highest total return over time consistent with its asset mix. Total return includes capital growth and income. To achieve its investment objective, the Strategy invests in a combination of portfolios of The AllianceBernstein Pooling Portfolios representing a variety of asset classes and investment styles (the "Underlying Portfolios"). The Strategy is managed to the specific year of planned retirement included in its name (the "retirement date"). The Strategy's asset mixes will become more conservative each year until reaching the year approximately fifteen years after the retirement date (the "target year") at which time the asset allocation mix will become static. This reflects the objective of pursuing the maximum amount of capital growth, consistent with a reasonable amount of risk, during the investor's pre-retirement and early retirement years. After retirement the Strategy's investment mix anticipates that an investor may take withdrawals from his or her account to provide supplemental retirement income.<br/><br/>After the retirement date of the Strategy, its asset mix seeks to minimize the likelihood that an investor in the Strategy experiences a significant loss of capital at a more advanced age. The asset mix for the Strategy will continue to change after the Strategy's retirement date with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the Strategy's retirement date. Thereafter, the target asset allocation for the Strategy will generally be fixed. The static allocation of the Strategy's asset mix will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.<br/><br/>The Underlying Portfolios will include a Portfolio, the Volatility Management Portfolio, that is designed to reduce the overall effect of equity market volatility on the Strategy and the effects of adverse equity market conditions on its performance. The Volatility Management Portfolio will be a component of the Strategy's equity asset allocation. Under normal market conditions, this Underlying Portfolio will invest predominantly in equity securities. If the Adviser determines that the equity markets pose disproportionate risks, the Adviser will reduce (or eliminate) this Underlying Portfolio's equity investments and invest in fixed-income securities or other non-equity asset classes to reduce the risks of the Strategy's investments in equity securities.<br/><br/>The Adviser will allow the relative weightings of the Strategy's asset classes to vary in response to the markets, but ordinarily only by plus/minus 5%. Beyond those ranges, the Adviser will generally rebalance the portfolio toward the target asset allocation for the Strategy. However, there may be occasions when those ranges will expand to 10% of the Strategy's portfolio due to, among other things, appreciation of one of the asset classes.<br/><br/>The following chart illustrates how the asset mix of the Strategy will vary over time. In general, the asset mix of the Strategy will gradually shift from one comprised largely of Underlying Portfolios that emphasize investments in stocks to one that is comprised of a mixture of Underlying Portfolios that invest in bonds (including short-duration bonds) and stocks.<br/><br/><div> <table style="width: 389pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="518"><tr style="height: 15.75pt;"> <td style="background-color: transparent; width: 110pt; height: 15.75pt;" class="xl65" height="21" width="147"> </td> <td style="background-color: transparent; width: 59pt;" width="78"> </td> <td style="background-color: transparent; width: 48pt;" width="64"> </td> <td style="background-color: transparent; width: 172pt;" class="xl67" width="229" colspan="3">Years Before Retirement</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21"> </td> <td style="background-color: transparent;" align="right">45</td> <td style="background-color: transparent;" align="right">40</td> <td style="background-color: transparent;" align="right">35</td> <td style="background-color: transparent;" align="right">30</td> <td style="background-color: transparent;" align="right">25</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Diversified Value</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US Large Cap Growth</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">20.50%</td> <td style="background-color: transparent;" class="xl66" align="right">19.50%</td> <td style="background-color: transparent;" class="xl66" align="right">18.25%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Value</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">US SMID Growth</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.50%</td> <td style="background-color: transparent;" class="xl66" align="right">6.00%</td> <td style="background-color: transparent;" class="xl66" align="right">5.75%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Value</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-color: transparent;" class="xl66" align="right">16.00%</td></tr> <tr style="height: 15.75pt;"><td style="background-color: transparent; height: 15.75pt;" class="xl65" height="21">International Growth</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">18.00%</td> <td style="background-color: transparent;" class="xl66" align="right">17.00%</td> <td style="background-col