This is filed pursuant to Rule 497(e).
File Nos. 2-48227 and 811-02383.



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                                                 ALLIANCEBERNSTEIN BOND FUNDS
                               -AllianceBernstein Intermediate Bond Portfolio
                                  -AllianceBernstein Short Duration Portfolio


                                                ALLIANCEBERNSTEIN VALUE FUNDS
                                           -AllianceBernstein Balanced Shares



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Supplement dated November 26, 2007 to the Prospectus dated February 1, 2007 (as
revised November 5, 2007) of AllianceBernstein Bond Fund, Inc. offering Class A,
Class B, Class C and Advisor Class shares of AllianceBernstein Intermediate Bond
Portfolio and Class A, Class B and Class C shares of AllianceBernstein Short
Duration Portfolio, the Prospectus dated February 1, 2007 (as revised November
5, 2007) of AllianceBernstein Bond Fund, Inc. offering Class A, Class R, Class K
and Class I shares of AllianceBernstein Intermediate Bond Portfolio, the
Prospectus dated March 1, 2007 (as supplemented April 1, 2007) of the
AllianceBernstein Value Funds offering Class A, Class B, Class C and Advisor
Class shares of AllianceBernstein Balanced Shares and the Prospectus dated March
1, 2007 (as supplemented April 1, 2007) of the AllianceBernstein Value Funds
offering Class A, Class R, Class K and Class I shares of AllianceBernstein
Balanced Shares.

                                    * * * * *

AllianceBernstein Value Funds - AllianceBernstein Balanced Shares

The following information supplements certain information in the Prospectus
under the heading "Management of the Funds - Portfolio Managers".

The debt component of the Fund is managed by the U.S. Core Fixed-Income
Investment Management Team. Jeffrey S. Phlegar and Douglas J. Peebles now join
Shawn E. Keegan, Joran Laird, Alison M. Martier and Greg J. Wilensky as the team
members with the most significant responsibility for the day-to-day management
of the debt component of the Fund. Mr. Phlegar is an Executive Vice President of
the Adviser, with which he has been associated since prior to 2002. Mr. Peebles
is an Executive Vice President of the Adviser, with which he has been associated
since prior to 2002. Messrs. Phlegar and Peebles are also Chief Investment
Officers and Co-Heads of Fixed-Income.

                                    * * * * *

AllianceBernstein Bond Fund, Inc. - AllianceBernstein Intermediate Bond
Portfolio

The following information supplements certain information in the Prospectus
under the heading "Management of the Portfolios - Portfolio Managers".

The Portfolio is managed by the U.S. Core Fixed-Income Investment Management
Team. Douglas J. Peebles now joins Shawn E. Keegan, Joran Laird, Alison M.
Martier, Jeffrey S. Phlegar and Greg J. Wilensky as the team members with the
most significant responsibility for the day-to-day management of the Portfolio.
Mr. Peebles is an Executive Vice President of the Adviser, with which he has
been associated since prior to 2002. He is also a Chief Investment Officer and
Co-Head of Fixed-Income.

                                    * * * * *

AllianceBernstein Bond Funds - AllianceBernstein Short Duration Portfolio

The following information supplements certain information in the Prospectus
under the heading "Management of the Portfolios - Portfolio Managers".

The Portfolio is managed by the U.S. Investment Grade: Liquid Markets/Structured
Products Investment Team. Jeffrey S. Phlegar, Shawn E. Keegan, Lipkee Lu and
Raymond Wong continue to be the team members with the most significant
responsibility for the day-to-day management of the Portfolio.

                                    * * * * *

This Supplement should be read in conjunction with the Prospectus for the
Fund/Portfolio.

You should retain this Supplement with your Prospectus for future reference.

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AllianceBernstein(R) and the AB Logo are registered trademarks and service marks
used by permission of the owner, AllianceBernstein L.P.


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