Exhibit 99.28

Assets Under Management (AUM) at September 30, 2006 were $659.3 billion, an 18.7% increase over a year ago, due to market appreciation and net inflows across all distribution channels.

Average AUM were $641.4 billion for the quarter ended September 30, 2006, an increase of 19.4% over the same quarter a year ago.

Net inflows⁽¹⁾ for the three months ended September 30, 2006 were $8.3 billion, consisting of Institutional Investments net inflows of $5.7 billion, Retail net inflows of $1.4 billion and Private Client net inflows of $1.2 billion.

Net inflows⁽¹⁾ for the twelve months ended September 30, 2006 were $48.1 billion, consisting of Institutional Investments net inflows of $30.0 billion, Retail net inflows of $10.9 billion and Private Client net inflows of $7.2 billion.

________________

⁽¹⁾	Excludes acquisition of Hong Kong joint venture interest, disposition of South Africa joint venture interest and transfers of certain client accounts among distribution channels resulting from changes in how we service these accounts.

“On the most important metric, results for clients, the third quarter was strong. Capital market returns were robust in both equities and fixed income. Relative returns of our key value equities services generally exceeded their respective benchmarks. Fixed income services produced returns quite close to their benchmarks. But growth services, while producing good absolute returns, trailed their benchmarks in what was yet another difficult quarter for this style of investing. We continue to believe that substantial opportunity is present in the growth sectors of the equity markets worldwide and that we are well-positioned to capitalize on this prospect,” said Lewis A. Sanders, Chairman and Chief Executive Officer.

“As expected, net cash inflows slowed in the third quarter to $8.3 billion, an annualized organic growth rate of more than 5%. Trailing 12 months net cash inflows were $48.1 billion, an organic growth rate of nearly 9%. Net flows were positive in all client groups and across our three main investment platforms: growth equities, value equities and fixed income. Global and international services continued to account for the lion’s share of new mandates and in aggregate are now close to 51% of total assets under management. Growth remained strong among clients domiciled outside of the U.S. as well, with such clients now accounting for more than a third of total AUM. Encouraging, too, was an increase during the quarter in the backlog of mandates won but not yet funded in the institutional channel.”

“In contrast to asset management services, revenue in institutional research services turned down, primarily from pan-European clients. While disappointing, the fundamentals of this business remain intact. Client use of our algorithmic trading platform in the U.S. has continued to grow and we are on schedule to launch a similar platform in Europe in early 2007. Our research franchise remains strong. Thus, we are optimistic that growth will resume in this business in the periods ahead.”

“The firm’s overall financial results were good with net revenue rising by 17.5% as compared to last year’s third quarter and operating margin expanding by 140 basis points to 28.9%, a strong showing in a quarter having seasonally low performance fee related income. Operating income rose by 23.5% and net income by 19.4% in the quarter. The growth in net income was below that of operating income as last year’s third quarter included a gain on the disposition of our Indian mutual funds.”

AllianceBernstein’s management will review third quarter 2006 financial and operating results on Wednesday, October 25, 2006, during a conference call at 5:30 p.m. (New York Time), following the release of its financial results after the close of the New York Stock Exchange. The conference call will be hosted by Chairman and Chief Executive Officer, Lewis A. Sanders and President and Chief Operating Officer, Gerald M. Lieberman.

To listen by telephone, please dial (866) 256-9820 in the U.S. or (973) 638-3153 outside the U.S., ten minutes before the 5:30 p.m. (New York time) scheduled start time. The conference ID# is 7929942.

To listen by webcast, please visit AllianceBernstein’s Investor Relations website at http://ir.alliancebernstein.com at least fifteen minutes prior to the call to download and install any necessary audio software.

An audio replay of the conference call will be made available for one week beginning at 7:30 p.m. (New York Time) on October 25, 2006. In the U.S., please call (877) 519-4471 or, outside the U.S., call (973) 341-3080, and provide the conference ID# 7929942. The replay will also be available via webcast on AllianceBernstein’s website for one week.

AllianceBernstein L.P. ("AllianceBernstein") is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. AllianceBernstein is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. Through its subsidiary, Sanford C. Bernstein & Co., LLC, AllianceBernstein provides in-depth research, portfolio strategy and trade execution to the institutional investment community.

At September 30, 2006, AllianceBernstein Holding L.P. (“Holding”) owned approximately 32.8% of the issued and outstanding AllianceBernstein Units. AXA Financial was the beneficial owner of approximately 60.1% of the AllianceBernstein Units at September 30, 2006 (including those held indirectly through its ownership of approximately 1.7% of the issued and outstanding Holding Units) which, including the general partnership interests in AllianceBernstein and Holding, represent an approximate 60.5% economic interest in AllianceBernstein. AXA Financial is a wholly-owned subsidiary of AXA, one of the largest global financial services organizations.

Certain statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance we achieve for our clients, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. We caution readers to carefully consider our forward-looking statements in light of these factors. Further, these forward-looking statements speak only as of the date on which such statements are made; we undertake no obligation to update any forward-looking statements to reflect subsequent events or circumstances. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” in Item 1 of Form 10-K for the year ended December 31, 2005. Any or all of the forward-looking statements that we make in Form 10-K, this news release, or any other public statements we issue may turn out to be wrong. Please remember that factors other than those listed in “Risk Factors” and other than those listed below could also adversely affect our business, operating results, or financial condition.

The forward-looking statements referred to in the preceding paragraph include statements regarding substantial investment opportunity in growth stocks, the encouragement we take from the backlog of unfunded institutional mandates and our optimism that growth will resume in institutional research services. The actual performance of the capital markets and other factors beyond our control will affect our investment success and asset inflows. Declines in rates charged for brokerage transactions and fluctuations in transaction volume and market share will affect the growth of our institutional research services.

	Three Months Ended
	9/30/06			9/30/05
Revenues:
Investment Advisory & Services Fees	$	677,914		$	545,464
Distribution Revenues		103,810			95,174
Institutional Research Services		87,908			91,191
Dividend and Interest Income		63,680			41,378
Investment Gains (Losses)		18,571			22,131
Other Revenues		29,794			27,247
Total Revenues		981,677			822,585
Less: Interest Expense		46,966			27,253
Net Revenues		934,711			795,332

Expenses:
Employee Compensation & Benefits		375,655			327,255
Promotion & Servicing:
Distribution Plan Payments		71,414			62,184
Amortization of Deferred Sales Commissions		21,679			32,156
Other		52,771			49,959
General & Administrative		132,041			93,716
Interest on Borrowings		5,936			6,282
Amortization of Intangible Assets		5,182			5,175
		664,678			576,727

Operating Income		270,033			218,605
Non-Operating Income		3,112			12,211

Income before Income Taxes		273,145			230,816

Income Taxes		20,171			18,888

NET INCOME	$	252,974		$	211,928

Pre-tax Operating Margin		28.9	%		27.5	%

	Three Months Ended
	9/30/06		9/30/05

Equity in Earnings of Operating Partnership	$	82,028	$	67,237

Income Taxes		8,025		6,667

NET INCOME		74,003		60,570

Additional Equity in Earnings of Operating Partnership ⁽¹⁾		1,238		752

NET INCOME - Diluted ⁽²⁾	$	75,241	$	61,322

DILUTED NET INCOME PER UNIT	$	0.87	$	0.74

DISTRIBUTION PER UNIT	$	0.87	$	0.74

ALLIANCEBERNSTEIN AND ALLIANCEBERNSTEIN HOLDING

UNITS OUTSTANDING AND WEIGHTED AVERAGE UNITS OUTSTANDING

SEPTEMBER 30, 2006

			Weighted Average Units
			Three Months Ended
	Period End Units		Basic		Diluted

AllianceBernstein		258,118,632		257,837,755		259,964,460

AllianceBernstein Holding		84,724,789		84,443,912		86,570,617

	Institutional Investments			Retail			Private Client			Total

Beginning of Period	$	395,973		$	146,391		$	82,794		$	625,158

Sales/New accounts		11,065			8,879			2,956			22,900
Redemptions/Terminations		(4,300	)		(7,215	)		(624	)		(12,139	)
Cash flow		(1,013	)		(80	)		(1,040	)		(2,133	)
Unreinvested dividends		-			(232	)		(93	)		(325	)
Net inflows		5,752			1,352			1,199			8,303

Market appreciation		16,093			6,163			3,566			25,822
End of Period	$	417,818		$	153,906		$	87,559		$	659,283

ALLIANCEBERNSTEIN L.P.

ASSETS UNDER MANAGEMENT

TWELVE MONTHS ENDED SEPTEMBER 30, 2006

($ millions)

	Institutional Investments			Retail			Private Client			Total

Beginning of Period	$	342,180		$	140,410		$	72,876		$	555,466

Sales/New accounts		49,347			41,546			13,424			104,317
Redemptions/Terminations		(12,984	)		(29,102	)		(2,772	)		(44,858	)
Cash flow		(6,384	)		(592	)		(3,024	)		(10,000	)
Unreinvested dividends		-			(979	)		(394	)		(1,373	)
Net inflows		29,979			10,873			7,234			48,086

Acquisition/(Disposition)⁽¹⁾, net		(1,054	)		92			-			(962	)
Transfers ⁽²⁾		8,488			(9,155	)		667			-
Market appreciation		38,225			11,686			6,782			56,693

End of Period	$	417,818		$	153,906		$	87,559		$	659,283

(1)	Acquisition of Hong Kong joint venture interest; disposition of South African joint venture interest.

(2)	Transfers of certain client accounts were made among distribution channels resulting from changes in how these accounts are serviced by the firm. AUM at September 30, 2006 reflect these transfers.

	Institutional Investments		Retail		Private Client		Total
Equity:
*Growth*
U.S.	$	37,103	$	28,921	$	12,406	$	78,430
Global & International		56,711		18,928		8,455		84,094
		93,814		47,849		20,861		162,524
*Value*
U.S.		53,185		33,660		25,666		112,511
Global & International		135,516		29,567		16,709		181,792
		188,701		63,227		42,375		294,303

Total Equity		282,515		111,076		63,236		456,827

Fixed Income:
U.S.		73,607		11,658		23,945		109,210
Global & International		37,868		25,654		294		63,816
		111,475		37,312		24,239		173,026

Index/Structured:
U.S.		18,845		4,483		84		23,412
Global & International		4,983		1,035		-		6,018
		23,828		5,518		84		29,430

Total:
U.S.		182,740		78,722		62,101		323,563
Global & International		235,078		75,184		25,458		335,720
	$	417,818	$	153,906	$	87,559	$	659,283

ALLIANCEBERNSTEIN L.P.

ASSETS UNDER MANAGEMENT

BY CLIENT DOMICILE

AT SEPTEMBER 30, 2006

($ millions)

	Institutional Investments		Retail		Private Client		Total

U. S. Clients	$	230,942	$	117,094	$	85,211	$	433,247
Non-U.S. Clients		186,876		36,812		2,348		226,036
	$	417,818	$	153,906	$	87,559	$	659,283

	Philip Talamo, Investor Relations 212.969.2383 ir@alliancebernstein.com	John Meyers, Media 212.969.2301 pr@allianceberstein.com
News Release

	Three Month Period				Twelve Month Period
	9/30/06		9/30/05		9/30/06		9/30/05

Ending Assets Under Management	$	659,283	$	555,466	$	659,283	$	555,466

Average Assets Under Management	$	641,405	$	537,034	$	608,345	$	526,058