Investment in AllianceBernstein

6 Months Ended

Jun. 30, 2012

4. Investment in AllianceBernstein

Changes in Holding's investment in AllianceBernstein during the six-month period ended June 30, 2012 were as follows (in thousands):

Investment in AllianceBernstein as of December 31, 2011	$	1,627,912
Equity in net income attributable to AllianceBernstein Unitholders		60,510
Changes in accumulated other comprehensive income (loss)		(236	)
Additional investments in AllianceBernstein from cash distributions paid to AllianceBernstein consolidated rabbi trust		3,457
Cash distributions received from AllianceBernstein		(50,483	)
Change in Holding Units held by AllianceBernstein for deferred compensation plans		16,730
Investment in AllianceBernstein as of June 30, 2012	$	1,657,890