Exhibit 99(h)(4)

                          EXPENSE LIMITATION AGREEMENT

                             ALLIANCEBERNSTEIN L.P.
                          1345 Avenue of the Americas
                            New York, New York 10105

                                                                  April 1, 2011

AllianceBernstein Variable Products Series Fund, Inc.
1345 Avenue of the Americas
New York, New York 10105

Dear Sirs:

            AllianceBernstein L.P. herewith confirms our agreement with you as
follows:

            1. You are an open-end, diversified management investment company
registered under the Investment Company Act of 1940, as amended (the "Act"). You
propose to engage in the business of investing and reinvesting your assets in
accordance with applicable limitations. Pursuant to an Advisory Agreement dated
as of April 1, 2011 (the "Advisory Agreement"), you have employed us to manage
the investment and reinvestment of such assets with respect to the
AllianceBernstein Dynamic Asset Allocation Portfolio (the "Portfolio").

            2. We hereby agree that, notwithstanding any provision to the
contrary contained in the Advisory Agreement, we shall limit as provided herein
the aggregate expenses of every character incurred by the Portfolio, including
but not limited to the fees ("Advisory Fees") payable to us pursuant to the
Advisory Agreement (the "Limitation"). Under the Limitation, we agree that,
through May 1, 2012, such expenses shall not exceed a percentage (the
"Percentage Expense Limitation") of the Portfolio's average daily net assets
equal to, on an annualized basis, 0.85% in the case of the Class A shares and
1.10% in the case of the Class B shares.

            To determine our liability for expenses in excess of the Percentage
Expense Limitation, the amount of allowable fiscal-year-to-date expenses shall
be computed daily by prorating the Percentage Expense Limitation based on the
number of days elapsed within the fiscal year, or limitation period, if shorter
(the "Prorated Limitation"). The Prorated Limitation shall be compared to the
Portfolio's expenses recorded through the current day in order to produce the
allowable expenses to be recorded for the current day (the "Allowable
Expenses"). If Advisory Fees and the Portfolio's other expenses for the current
day exceed the Allowable Expenses, Advisory Fees for the current day shall be
reduced by such excess ("Unaccrued Fees"). In the event such excess exceeds the
amount due as Advisory Fees, we shall be responsible for the additional excess
("Other Expenses Exceeding Limit"). Cumulative Unaccrued Fees or cumulative
Other Expenses Exceeding Limit shall be paid to us in the future, provided that
(1) no such payment shall be made to us after April 1, 2014, (2) such payment
shall be made only to the extent that it does not cause the Portfolio's
aggregate expenses, on an annualized basis, to exceed the Percentage Expense
Limitation, and (3) no such payment shall be made to us to the extent that the
aggregate of such payments would exceed the amount of offering expenses (as
defined by the Financial Accounting Standards Board) recorded by the Portfolio
for financial reporting purposes on or before April 1, 2012.

            3. Nothing in this Agreement shall be construed as preventing us
from voluntarily limiting, waiving or reimbursing the Portfolio's expenses
outside the contours of this Agreement during any time period before or after
May 1, 2012; nor shall anything herein be construed as requiring that we limit,
waive or reimburse any of the Portfolio's expenses incurred after May 1, 2012
or, except as expressly set forth herein, prior to such date.

            4. This Agreement shall become effective on the date hereof and
remain in effect until April 1, 2014. After May 1, 2012, this Agreement may be
terminated by either party hereto upon not less than 60 days' prior written
notice to the other party. Upon the termination or expiration hereof, we shall
have no claim against the Portfolio for any amounts not reimbursed to us
pursuant to the provisions of paragraph 2.

            5. This Agreement shall be construed in accordance with the laws of
the State of New York, provided, however, that nothing herein shall be construed
as being inconsistent with the Act.

            If the foregoing is in accordance with your understanding, will you
kindly so indicate by signing and returning to us the enclosed copy hereof.

                                             Very truly yours,

                                             ALLIANCEBERNSTEIN L.P.




                                             By:   /s/ Emilie D. Wrapp
                                                   ---------------------------
                                                   Name:   Emilie D. Wrapp
                                                   Title: Assistant Secretary

Agreed to and accepted
as of the date first set forth above.



ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC.



By:  /s/ Stephen J. Laffey
     -----------------------------
     Name:   Stephen J. Laffey
     Title: Assistant Secretary