Investment in AllianceBernstein (Tables)

12 Months Ended

Dec. 31, 2011

Changes in Holding's investment in AllianceBernstein for the years ended December 31, 2011 and 2010 were as follows:

	2011			2010
	(in thousands)

Investment in AllianceBernstein as of January 1,	$	1,786,291		$	1,800,065
Equity in net (loss) income attributable to AllianceBernstein Unitholders		(65,581	)		162,217
Additional investments with proceeds from exercises of compensatory options to buy Holding Units, net		1,478			8,287
Changes in accumulated other comprehensive income (loss)		(2,549	)		(3,912	)
Cash distributions received from AllianceBernstein		(178,757	)		(182,410	)
Issuance of Holding Units to AllianceBernstein to fund deferred compensation plan awards		-			78,545
Change in Holding Units held by AllianceBernstein for deferred compensation plans		79,098			(76,501	)
Investment in AllianceBernstein as of December 31,	$	1,619,980		$	1,786,291