Edgar Filing: ALLIANCEBERNSTEIN INCOME FUND INC

AllianceBernstein Income Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-05207

ALLIANCEBERNSTEIN INCOME FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: December 31, 2007

Date of reporting period: September 30, 2007

ITEM 1.

SCHEDULE OF INVESTMENTS.

AllianceBernstein Income Fund

PORTFOLIO OF INVESTMENTS

September 30, 2007(unaudited)


	Principal Amount (000)		Value
U.S. TREASURIES–58.0%
U.S. Treasury Bonds–25.1%
United States Treasury Bonds
5.375%, 2/15/31(a)(b)	$	1,961	$	2,099,190
6.625%, 2/15/27(a)(b)		73,570		89,404,765
7.25%, 5/15/16(b)(c)		21,695		25,825,533
11.25%, 2/15/15(b)(c)		168,000		239,203,104
12.00%, 8/15/13(b)(c)		82,000		87,426,104
12.50%, 8/15/14(a)(b)		70,300		80,938,358

				524,897,054

U.S. Treasury Notes–18.3%
United States Treasury Notes
3.50%, 11/15/09(a)(b)		154		152,508
4.00%, 6/15/09–2/15/15(a)(b)(c)		145,179		145,253,463
4.125%, 8/15/08–5/15/15(a)(b)		3,074		3,063,246
4.25%, 11/15/13–8/15/14(a)(b)		427		425,430
4.375%, 8/15/12(a)(b)		700		706,563
4.50%, 2/15/16(a)(b)		598		598,093
4.625%, 11/15/16(b)(c)		15,966		16,044,585
4.75%, 5/15/14(b)(c)		60,280		61,636,300
4.875%, 5/15/09–8/15/16(a)(b)(c)		149,250		151,972,738
5.125%, 5/15/16(a)(b)		3,000		3,125,859

				382,978,785

U.S. Treasury Strip–14.6%
United States Treasury Strips
Zero Coupon, 5/15/17–11/15/21(a)(b)		545,350		306,473,695

Total U.S. Treasuries
(cost $1,216,345,735)				1,214,349,534

MORTGAGE PASS-THRUS–32.9%
FIXED RATE 30-YEAR–18.4%
Federal National Mortgage Association–11.0%
Federal National Mortgage Association
5.00%, 8/01/34–2/01/36(a)(b)		157,306		150,421,028
6.50%, 8/01/34–8/01/37(a)(b)		77,816		79,245,145
7.50%, 11/01/29(a)(b)		119		124,255
8.00%, 6/01/28(a)(b)		94		99,115

				229,889,543


	Principal Amount (000)		Value
Federal Home Loan Mortgage Corp.–4.1%
Federal Home Loan Mortgage Corp.
6.00%, 9/01/36(a)(b)	$	85,610	$	85,726,845

Government National Mortgage Association–2.2%
Government National Mortgage Association
5.50%, 7/15/33(a)(b)		46,025		45,451,309
6.50%, 2/15/29(a)(b)		100		102,379

				45,553,688

Federal Gold Loan Mortgage Corp.–1.1%
Federal Gold Loan Mortgage Corp.
7.00%, 2/01/37(a)(b)		22,253		22,977,772

				384,147,848

AGENCY ARMS–14.5%
Federal Home Loan Mortgage Corp.–10.7%
Federal Home Loan Mortgage Corp.
4.369%, 4/01/35(a)(b)(d)		5,886		5,832,541
4.556%, 4/01/35(a)(b)(d)		1,405		1,411,661
5.774%, 12/01/36(a)(b)(d)		12,447		12,534,015
5.80%, 2/01/37(a)(b)(d)		11,585		11,673,303
5.814%, 2/01/37(a)(b)(d)		23,371		23,563,549
5.826%, 3/01/37(a)(b)(d)		24,729		24,924,598
5.828%, 1/01/37(a)(b)(d)		46,893		47,311,046
5.975%, 3/01/37(a)(b)(d)		15,005		15,161,121
5.998%, 2/01/37(a)(b)		28,218		28,551,400
6.099%, 8/01/36(a)(b)(d)		44,277		44,797,234
6.249%, 4/01/37(a)(b)		7,149		7,249,095

				223,009,563

Federal National Mortgage Association–3.0%
Federal National Mortgage Association
4.382%, 9/01/35(a)(b)(d)		1,068		1,072,955
4.454%, 1/01/36(a)(b)(d)		1,659		1,668,166
4.529%, 8/01/34(a)(b)(d)		1,745		1,753,392
4.677%, 5/01/35(a)(b)(d)		1,987		1,986,220
4.81%, 7/01/35(a)(b)(d)		4,331		4,329,641
5.852%, 11/01/36(a)(b)(d)		19,791		20,047,253
5.974%, 3/01/37(a)(b)(d)		29,262		29,635,939
7.016%, 1/01/36(a)(b)(d)		2,856		2,841,918

				63,335,484

Federal Gold Loan Mortgage Corp.–0.8%
Federal Gold Loan Mortgage Corp
6.046%, 3/01/37(a)(b)(d)		16,643		16,826,597


		Principal Amount (000)		Value
					303,171,644

Total Mortgage Pass-Thrus
(cost $682,968,824)					687,319,492

SOVEREIGNS–31.4%
Argentina–1.0%
Republic of Argentina
0.63%, 12/31/38(b)	ARS		1,285	$	177,072
0.649%, 12/15/35(b)			4,423		134,591
5.389%, 8/03/12(b)(d)	U.S.	$	12,128		10,892,957
5.83%, 12/31/33(b)	ARS		1,593		617,423
7.00%, 3/28/11(b)	U.S.	$	365		343,293
7.82%, 12/31/33(b)	EUR		7,307		8,934,720
8.28%, 12/31/33(b)	U.S.	$	645		584,170
10.50%, 6/12/12(b)	ARS		1,037		274,075

					21,958,301

Brazil–10.5%
Brazilian Real Structured Notes
Zero coupon, 1/05/10(b)(e)	U.S	$	94,475		40,394,120
Republic of Brazil
6.00%, 1/17/17(b)			2,488		2,521,588
7.125%, 1/20/37(b)			8,649		9,665,257
8.00%, 1/15/18(b)			1,144		1,321,320
8.25%, 1/20/34(b)			4,620		5,821,200
8.75%, 2/04/25(b)			982		1,256,960
8.875%, 10/14/19–4/15/24(b)			10,161		12,747,855
11.00%, 8/17/40(b)			271		362,462
12.50%, 1/05/16–1/05/22(b)	BRL		223,015		144,593,765

					218,684,527

Bulgaria–0.0%
Republic of Bulgaria
8.25%, 1/15/15(b)(e)	U.S.	$	346		403,955

Colombia–0.7%
Republic of Colombia
7.375%, 9/18/37(b)			1,082		1,188,577
10.75%, 1/15/13(b)			314		383,080
11.75%, 2/25/20(b)			332		486,380
12.00%, 10/22/15(b)	COP		21,653,000		12,056,644

					14,114,681

Costa Rica–0.0%
Costa Rican Colon Structured Notes
Zero coupon, 1/10/08(b)(e)	CRC		198,829		377,049
Republic of Costa Rica


		Principal Amount (000)		Value
8.05%, 1/31/13(b)(e)	U.S.	$	220	$	239,580
8.11%, 2/01/12(b)(e)			202		218,665

					835,294

Dominican Republic–0.1%
Dominican Peso Structured Notes
Zero Coupon, 10/05/07–11/4/08(b)(e)	DOP		23,400		633,724
Dominican Republic
8.625%, 4/20/27(b)(e)	U.S.	$	406		450,660

					1,084,384

Ecuador–0.1%
Republic of Ecuador
10.00%, 8/15/30(b)(e)			1,365		1,262,625

El Salvador–0.1%
Republic of El Salvador
7.625%, 9/21/34(b)(e)			527		595,510
7.65%, 6/15/35(b)(e)			451		506,248

					1,101,758

Germany–0.0%
Republic of Deutschland
4.75%, 7/04/28(b)	EUR		177		256,815

Hungary–0.1%
Hungary Government Bond
6.50%, 8/12/09(b)	HUF		187,170		1,051,714
6.75%, 4/12/10(b)			61,400		347,473
7.25%, 6/12/12(b)			79,730		460,899

					1,860,086

Indonesia–0.7%
Indonesian Rupiah Structured Notes
11.00%, 10/15/14–11/18/20(b)(e)	IDR		5,789,353		693,952
12.90%, 6/15/22(b)(e)	U.S	$	2,102,200		283,544
14.25%, 6/15/13(b)(e)	IDR		80,000,000		10,719,162
Republic of Indonesia
6.625%, 2/17/37(b)(e)	U.S.	$	620		592,875
6.75%, 3/10/14(b)(e)			565		582,797
6.875%, 3/09/17(b)(c)(e)			569		593,894
7.25%, 4/20/15(b)(e)			362		383,720
8.50%, 10/12/35(b)(e)			801		945,180

					14,795,124

Jamaica–0.0%
Government of Jamaica
9.25%, 10/17/25(b)			104		116,480


		Principal Amount (000)		Value
10.625%, 6/20/17(b)		$	207	$	246,537

					363,017

Japan–0.0%
Japan (Government of)
1.40%, 3/20/12(b)	JPY		42,050		370,059

Lebanon–0.1%
Lebanese Republic
7.875%, 5/20/11(b)(e)	U.S.	$	420		399,000
10.125%, 8/06/08(b)(e)			875		884,188
11.625%, 5/11/16(b)(e)			120		132,600

					1,415,788

Malaysia–0.1%
Government of Malaysia
7.50%, 7/15/11(b)			1,504		1,629,995

Mexico–2.7%
Mexico
8.00%, 12/07/23(b)	MXN		18,624		1,713,235
10.00%, 12/05/24(b)			424,930		46,326,093
United Mexican States
5.625%, 1/15/17(b)	U.S.	$	1,400		1,396,500
6.375%, 1/16/13(b)			1,000		1,051,500
6.75%, 9/27/34(b)			460		500,250
8.00%, 12/19/13–9/24/22(b)			3,772		1,998,242
8.125%, 12/30/19(b)			976		1,184,864
9.00%, 12/22/11–12/20/12(b)	MXN		15,246		1,463,300
11.375%, 9/15/16(b)	U.S.	$	1,201		1,696,412

					57,330,396

Pakistan–0.0%
Islamic Republic of Pakistan
6.875%, 6/01/17(b)(e)			676		591,500

Panama–0.3%
Republic of Panama
6.70%, 1/26/36(b)			654		671,331
7.125%, 1/29/26(b)			1,133		1,223,640
7.25%, 3/15/15(b)			487		523,038
8.875%, 9/30/27(b)			777		990,675
9.375%, 7/23/12–4/01/29(b)			2,426		3,131,289

					6,539,973

Peru–0.8%
Peru Bono Soberano
7.84%, 8/12/20(b)	PEN		1,350		493,309
8.20%, 8/12/26(b)			3,489		1,343,228
8.60%, 8/12/17(b)			7,450		2,819,165


		Principal Amount (000)		Value
9.91%, 5/05/15(b)			1,600	$	634,004
Peru Government Bond
6.90%, 8/12/37(b)			815		273,927
Republic of Peru
7.35%, 7/21/25(b)	U.S	$	1,882		2,150,185
8.375%, 5/03/16(b)			4,454		5,222,315
8.75%, 11/21/33(b)			2,819		3,704,166
9.875%, 2/06/15(b)			246		307,500

					16,947,799

Philippines–1.5%
Republic of Philippines
7.50%, 9/25/24(b)			975		1,071,281
7.75%, 1/14/31(b)			4,616		5,149,148
8.25%, 1/15/14(b)			1,405		1,565,170
8.875%, 3/17/15(b)			2,203		2,560,987
9.00%, 2/15/13(b)			266		303,240
9.50%, 10/21/24–2/02/30(b)			4,855		6,332,475
9.875%, 1/15/19(b)			1,087		1,383,208
10.625%, 3/16/25(b)			8,768		12,297,120

					30,662,629

Russia–0.5%
Russian Federation
7.50%, 3/31/30(b)(e)			7,857		8,779,813
11.00%, 7/24/18(b)(e)			1,190		1,673,735

					10,453,548

South Africa–2.1%
Republic of South Africa
5.875%, 5/30/22(b)			335		329,556
7.375%, 4/25/12(b)			304		328,320
13.00%, 8/31/10(b)	ZAR		264,244		42,244,923

					42,902,799

Spain–0.0%
Kingdom of Spain
5.25%, 4/06/29(b)	GBP		109		225,615

Sweden–0.0%
Sweden Government Bond
5.00%, 12/01/20(b)	SEK		2,300		380,115

Turkey–7.6%
Republic of Turkey
6.875%, 3/17/36(b)	U.S.	$	2,853		2,721,049
7.00%, 6/05/20(b)			1,430		1,437,150
7.375%, 2/05/25(b)			3,562		3,709,823
8.00%, 2/14/34(b)			150		162,563


		Principal Amount (000)		Value
9.50%, 1/15/14(b)			740	$	857,475
11.00%, 1/14/13(b)			2,696		3,266,204
11.50%, 1/23/12(b)			1,145		1,374,000
Turkey Government Bond
Zero coupon, 11/26/08–5/06/09(b)	TRY		102,387		68,565,728
16.00%, 3/07/12(b)			93,345		77,909,434

					160,003,426

Ukraine–0.0%
Government of Ukraine
6.58%, 11/21/16(b)(e)	U.S.	$	453		459,342
7.65%, 6/11/13(b)(e)			438		466,470

					925,812

United Kingdom–1.2%
United Kingdom Gilt
4.00%, 3/07/09–9/07/16(b)	GBP		8,751		17,638,653
4.25%, 12/07/27–12/07/55(b)			1,920		3,741,497
4.75%, 6/07/10–3/07/20(b)			1,304		2,630,512
5.00%, 3/07/25(b)			229		477,534

					24,488,196

Uruguay–0.4%
Republic of Uruguay
3.70%, 6/26/37(b)	UYU		15,306		652,725
7.625%, 3/21/36(b)	U.S.	$	185		197,488
7.875%, 1/15/33(b)			434		480,401
8.00%, 11/18/22(b)			4,588		5,092,674
9.25%, 5/17/17(b)			1,139		1,348,576

					7,771,864

Venezuela–0.8%
Republic of Venezuela
5.75%, 2/26/16(b)			3,019		2,551,055
6.00%, 12/09/20(b)(e)			828		664,470
6.36%, 4/20/11(b)(d)			420		391,482
7.00%, 12/01/18(b)(e)			3,615		3,217,350
7.65%, 4/21/25(b)			5,288		4,759,200
8.50%, 10/08/14(b)			3,490		3,498,725
9.25%, 9/15/27(b)			350		362,250
9.375%, 1/13/34(b)			833		868,403
13.625%, 8/15/18(b)			458		604,560

					16,917,495

Total Sovereigns
(cost $585,935,706)					656,277,576


		Principal Amount (000)		Value
CORPORATES–7.5%
Austria–0.1%
Telekom Finanzmanagement
5.00%, 7/22/13(b)	EUR		1,112	$	1,568,531

Bermuda–0.3%
Intelsat Bermuda, Ltd.
11.25%, 6/15/16(b)	U.S.	$	3,300		3,535,125
NCL Corp.
10.625%, 7/15/14(b)			2,245		2,261,837
Noble Group, Ltd.
6.625%, 3/17/15(b)(e)			560		518,577

					6,315,539

Brazil–0.0%
Banco BMG S.A.
9.15%, 1/15/16(b)(e)			400		426,300
Canada–0.2%
DaimlerChrysler NA Holding
5.75%, 8/10/11(b)	GBP		110		220,880
Fairfax Financial Holdings, Ltd.
8.30%, 4/15/26(b)*	U.S.	$	5,000		4,637,500

					4,858,380

Cayman Islands–0.2%
C&M Finance, Ltd.
8.10%, 2/01/16(b)(e)			1,690		1,677,325
Chaoda Modern Agriculture, Ltd.
7.75%, 2/08/10(b)(e)			505		485,558
Santander Central Hispano Issue, Ltd.
6.80%, 11/29/10(b)			83		172,949
7.25%, 12/29/49(b)(d)			70		146,685
STB Finance Cayman
5.834%, 9/29/49(b)(d)	GBP		100		197,511
Vale Overseas, Ltd.
6.875%, 11/21/36(b)	U.S.	$	673		693,370

					3,373,398

Colombia–0.0%
Bogota Distrito Cap
9.75%, 7/26/28(b)(e)	COP		760,000		360,764

France–0.0%
Dexia Municipal Agency
4.875%, 12/30/08(b)	GBP		105		211,986


		Principal Amount (000)		Value
Legrand S.A.
8.50%, 2/15/25(b)	U.S.	$	10	$	11,700

					223,686

Germany–0.4%
Cognis GmbH
9.50%, 5/15/14(b)(e)	EUR		5		6,969
Gazprom OAO
9.625%, 3/01/13(b)(e)			6,850		7,932,985
Heckler & Koch GmbH
9.25%, 7/15/11(b)(e)			5		7,219
JSC Severstal
9.25%, 4/19/14(b)(e)	U.S.	$	230		247,154
Kreditanstalt fuer Wiederaufbau
4.875%, 1/15/13(b)	GBP		350		695,348

					8,889,675

Greece–0.0%
Antenna TV S.A.
7.25%, 2/15/15(b)(e)	EUR		10		12,976
Yioula Glassworks S.A.
9.00%, 12/01/15(b)(e)			253		353,550

					366,526

Ireland–0.1%
Alpha Bond Issuance PLC for OJC
8.625%, 12/09/15(b)			300		289,200
General Electric Capital Corp.
5.375%, 12/18/40(b)			41		76,714
GPB Eurobond Finance
6.50%, 9/23/15(b)	U.S.	$	400		381,500
Red Arrow International Leasing PLC
8.375%, 3/31/12(b)	RUB		3,758		153,429
Red Arrow Intl Leasing
8.375%, 6/30/12(b)			13,152		537,004

					1,437,847

Japan–0.0%
Resona Bank, Ltd.
4.125%, 9/27/12(b)(e)	EUR		67		87,519
5.986%, 8/10/11(b)	GBP		50		99,430

					186,949

Luxembourg–0.4%
Europaische Hypothekenbank SA
5.00%, 12/15/08(b)			95		192,468


		Principal Amount (000)		Value
European Investment Bank
4.875%, 1/17/17(b)		$	650	$	638,813
Evraz Group S.A.
8.25%, 11/10/15(b)(e)	U.S.	$	489		490,223
Gallery Capital
10.125%, 5/15/13(b)(e)			315		298,778
Gaz Capital
5.03%, 2/25/14(b)(e)	EUR		60		81,279
6.212%, 11/22/16(b)(e)	U.S.	$	154		152,645
6.51%, 3/07/22(b)(e)			830		821,617
Gaz Capital for Gazprom
6.212%, 11/22/16(b)(e)			850		837,505
Gazstream SA (Gazprom)
5.625%, 7/22/13(b)(e)			188		187,072
Mobile Telesystems Finance S.A.
9.75%, 1/30/08(b)(e)			460		464,600
Olivetti Finance NV
7.75%, 1/24/33(b)	EUR		20		32,484
Russian Agricultural Bank
6.299%, 5/15/17(b)(e)	U.S.	$	298		281,550
Russian Standard Finance S.A.
7.50%, 10/07/10(b)(e)			386		344,910
Tengizchevroil Finance Co.
6.124%, 11/15/14(b)(e)			2,276		2,241,632
TNK-BP Finance
7.50%, 7/18/16(b)(e)			186		184,510
TYCO International Group, SA
6.00%, 11/15/13(b)			140		141,319

					7,391,405

Malaysia–0.0%
Petronas Capital, Ltd.
7.00%, 5/22/12(b)			873		933,935

Netherlands–0.1%
Aegon NV
6.125%, 12/15/31(b)	GBP		26		54,696
Generali Finance BV
6.214%, 6/29/49(b)(d)			100		196,073
Kazkommerts International BV
8.50%, 4/16/13(b)(e)	U.S.	$	325		307,489
Siemens Financieringsmaatschappij N.V.
6.125%, 9/14/66(b)(d)	GBP		307		594,567

					1,152,825


		Principal Amount (000)		Value
New Zealand–0.0%
TCNZ Finance, Ltd.
6.125%, 12/12/08(b)		$	60	$	122,925

Panama–0.0%
MMG Fiduciary (AES EL Salvador)
6.75%, 2/01/16(b)(e)	U.S.	$	350		343,876

Russia–0.0%
Tyumen Oil Co.
11.00%, 11/06/07(b)(e)			90		90,270

South Africa–0.0%
Foodcorp, Ltd.
8.875%, 6/15/12(b)(e)	EUR		194		280,784
Peermont Global, Ltd.
7.75%, 4/30/14(b)(e)			50		69,158

					349,942

United Kingdom–0.6%
AMP Group Finance Services
7.125%, 8/06/19(b)(d)	GBP		50		103,175
AMP UK Finance Services
6.375%, 11/17/10(b)			110		227,123
Aviva PLC
5.902%, 7/27/27(b)(d)			88		165,556
Bank of Scotland Capital Funding
8.117%, 5/31/10(b)(e)			90		190,990
Barclays Bank
9.875%, 5/12/08(b)			157		327,823
Barclays Bank PLC
8.55%, 9/29/49(b)(e)	U.S.	$	638		689,854
British Sky Broadcasting PLC
7.75%, 6/15/11(b)	GBP		94		197,970
BSKYB Finance UK PLC
5.75%, 7/09/09(b)(e)			50		96,541
BSKYB Finance United Kingdom PLC
5.625%, 10/15/15(b)	U.S.	$	350		336,786
Centrica PLC
5.50%, 10/24/16(b)	GBP		100		194,207
FirstGroup PLC
6.875%, 4/15/13(b)			20		41,961
Friends Provident PLC
6.292%, 7/01/15(b)(d)			50		97,216
Inmarsat Finance PLC
Zero coupon, 11/15/12(b)(f)	U.S.	$	6,475		6,199,813
Legal & General Finance PLC
5.875%, 4/05/33(b)	GBP		26		53,418


		Principal Amount (000)		Value
Lehman Brothers Holdings, Inc.
6.00%, 1/25/13(b)		$	100	$	198,655
Lloyds TSB Capital
7.834%, 2/07/15(b)			191		412,959
10.625%, 10/21/08(b)			134		285,456
Marks & Spencer PLC
5.625%, 3/24/14(b)			89		173,458
MM02 PLC
7.625%, 1/25/12(b)			106		229,739
Network Rail Infrastructure Finance PLC
4.875%, 11/27/15(b)			250		490,959
Northern Rock PLC
7.053%, 9/21/49(b)(d)			86		93,221
Prudential PLC
6.125%, 12/19/31(b)			27		54,458
Resolution PLC
6.586%, 4/25/16(b)(d)			50		95,702
Rexam PLC
7.125%, 3/27/09(b)			58		120,084
Royal & Sun Alliance Insurance
8.50%, 7/29/49(b)(d)			55		121,971
Royal Bank of Scotland Group PLC
7.387%, 12/29/49(b)			117		244,789
South Wales Electricity
9.25%, 11/09/20(b)			19		49,214
Western Power Distribution LLC
5.875%, 3/25/27(b)			30		61,398
Yorkshire Power Finance
7.25%, 8/04/28(b)			86		198,901
Zurich Finance PLC
6.625%, 10/02/22(b)			82		163,095

					11,916,492

United States–5.1%
ALB Finance BV
9.25%, 9/25/13(b)(e)*	U.S.	$	376		337,110
Altria Group, Inc.
7.75%, 1/15/27(b)*			3,500		4,300,012
Associated Materials, Inc.
Zero coupon, 3/01/14(b)(f)*			13,045		8,218,350
AT&T Corp.
Senior Note
8.00%, 11/15/31(b)			1,000		1,216,707
Berry Plastics Holding Corp.
10.25%, 3/01/16(b)			150		147,000


		Principal Amount (000)		Value
Broder Brothers Co.
11.25%, 10/15/10(b)		$	1,100	$	957,000
Burlington Coat Factory Warehouse Corp.
11.125%, 4/15/14(b)*			1,600		1,496,000
Cadbury Schweppes Finance
5.125%, 10/01/13(b)(e)			1,000		955,466
CCH I Holdings, LLC
11.00%, 10/01/15(b)			4,009		4,059,112
11.75%, 5/15/14(b)*			11,000		10,175,000
Centennial Communications Corp.
10.00%, 1/01/13(b)*			1,700		1,797,750
Central European Distribution Corp.
8.00%, 7/25/12(b)(e)	EUR		62		90,848
Citigroup, Inc.
5.50%, 11/18/15(b)	GBP		85		167,603
5.875%, 7/01/24(b)			32		62,815
Clear Channel Communications, Inc.
5.75%, 1/15/13(b)	U.S.	$	220		184,136
Digicel, Ltd.
9.25%, 9/01/12(b)(e)			465		477,788
Dole Food Co., Inc.
8.875%, 3/15/11(b)*			1,150		1,121,250
Echostar DBS Corp.
7.125%, 2/01/16(b)			45		46,238
Edison Mission Energy
7.00%, 5/15/17(b)(e)			30		29,550
Electronic Data Systems Corp.
6.50%, 8/01/13(b)			600		605,357
Embarq Corp.
7.082%, 6/01/16(b)			1,202		1,246,101
Ford Motor Credit Co.
4.95%, 1/15/08(b)			152		151,026
6.625%, 6/16/08(b)			454		450,569
7.00%, 10/01/13(b)			2,350		2,123,695
Freescale Semiconductor, Inc.
10.125%, 12/15/16(b)*			0		279,000
French Lick Resorts & Casino
10.75%, 4/15/14(b)(e)*			150		119,250
Generac Power Systems, Inc.
7.86%, 11/10/13(b)			1,000		895,000
General Electric Capital Corp.
6.44%, 11/15/22(b)			310		646,174
General Motors Acceptance Corp.
6.75%, 12/01/14(b)			10,000		9,063,770
6.875%, 9/15/11(b)			3,960		3,768,589
8.00%, 11/01/31(b)			4,000		3,924,328


		Principal Amount (000)		Value
Georgia Gulf Corp.
10.75%, 10/15/16(b)*		$	250	$	217,500
Goldman Sachs Group, Inc.
5.50%, 10/12/21(b)	GBP		50		91,280
6.125%, 2/14/17(b)			45		90,350
Harrah’s Operating Co., Inc.
5.625%, 6/01/15(b)	U.S.	$	19		15,105
5.75%, 10/01/17(b)			20		15,300
6.50%, 6/01/16(b)			11		8,965
Hertz Corp.
Class A
10.50%, 1/01/16(b)			5,000		5,400,000
Iirsa Norte Finance, Ltd.
8.75%, 5/30/24(b)(e)			331		391,165
International Bank Reconstruction & Development
9.75%, 8/02/10(b)			19,540		2,815,887
ION Media Networks, Inc.
11.61%, 1/15/13(b)(d)(e)			6,400		6,528,000
Ipalco Enterprises, Inc.
8.375%, 11/14/08(b)			100		102,000
JPMorgan Chase & Co.
7.00%, 6/28/17(b)(e)	RUB		46,000		1,740,570
Majapahit Holding BV
7.875%, 6/29/37(b)(e)	U.S.	$	188		183,770
Mellon Capital III
6.369%, 9/05/66(b)(d)	GBP		250		483,428
Morgan Stanley
5.125%, 11/30/15(b)			100		184,266
NRG Energy, Inc.
7.25%, 2/01/14(b)	U.S.	$	45		45,113
7.375%, 2/01/16(b)			15		15,038
Qantas Airways, Ltd.
6.05%, 4/15/16(b)(e)			5,000		4,963,775
Quality Distribution LLC
9.00%, 11/15/10(b)			1,875		1,785,938
Rainbow National Services LLC
10.375%, 9/01/14(b)(e)			1,750		1,920,625
RBS Global & Rexnord Corp.
11.75%, 8/01/16(b)*			2,150		2,279,000
RH Donnelley Corp.
6.875%, 1/15/13(b)			9		8,505
Select Medical Corp.
7.625%, 2/01/15(b)*			250		223,750
11.259%, 9/15/15(b)*			5,000		4,525,000


		Principal Amount (000)		Value
Sirius Satellite Radio, Inc.
9.625%, 8/01/13(b)		$	1,650	$	1,637,625
Six Flags, Inc.
9.625%, 6/01/14(b)*			1,675		1,383,969
Southern Peru Copper Corp.
7.50%, 7/27/35(b)			370		401,713
Starwood Hotels & Resorts Worldwide, Inc.
7.375%, 11/15/15(b)			1,213		1,255,141
Terrestar Networks, Inc.
15.00%, 2/15/14(b)(e)			2,414		2,323,774
The Bear Stearns Cos., Inc.
5.125%, 1/20/10(b)	GBP		110		214,722
TNK-BP Finance
7.50%, 7/18/16(b)(e)	U.S.	$	580		575,998
Union Carbide Corp. Debenture
7.75%, 10/01/96(b)			1,785		1,882,482
West Corp.
11.00%, 10/15/16(b)*			150		157,500
William Lyon Homes, Inc.
10.75%, 4/01/13(b)*			2,000		1,480,000
XM Satellite Radio, Inc.
9.75%, 5/01/14(b)*			1,650		1,654,125

					106,113,973

Total Corporates
(cost $158,370,533)					156,423,238


BANK LOANS–4.7%
Alix Partners, LLP
7.36%, 10/12/13			1,489		1,447,809
Allison Transmission, Inc.
8.48%-8.57%, 8/27/14			500		481,250
Aramark Corp.
6.164%, 1/26/14			998		1,969,452
Asurion Corp.
8.359%, 7/02/14			1,000		972,500
ATP Oil & Gas Corp.
8.629%-8.888%, 3/23/12			495		493,973
Baldor Electric Co.
7.00%-7.125%, 1/31/14			870		856,028
Best Brands Corp.
10.565%, 12/12/12			1,995		1,875,029
Beverly Enterprises, Inc.
7.879%-8.09%, 3/14/11			1,138		1,127,009


	Principal Amount (000)		Value
Blockbuster, Inc.
9.15%, 8/20/11	$	697	$	689,357
Blue Pearl USA, Ltd.
10.11%, 9/30/12		1,115		1,104,119
Bluegrass Container Co.
10.36%, 12/30/13		1,000		998,032
Builders FirstSource, Inc.
7.629%, 8/11/11		176		168,934
Butler Animal Health Supply, LLC
7.84%, 6/01/11		2,197		2,141,778
Calgen Ommerc
10.50%, 4/01/09		8		7,369
Carestream Health, Inc.
10.577%-10.608%, 10/30/13		1,000		960,000
Cebridge Connections
9.856%, 5/05/14		1,250		1,218,750
11.356%, 5/05/14		2,270		2,210,898
Charter Communications Operations
7.13%, 3/06/14		1,000		965,830
Chrysler Financial
9.36%, 8/03/12		750		747,188
Community Health Services, Inc.
Delayed Draw
7.755%, 7/13/14		77		75,853
Term Loan B
7.755%-7.76%, 7/25/14		1,173		1,150,122
Crescent Resources, LLC
8.753%, 9/07/12		1,000		937,500
Dealer Computer Services, Inc.
7.198%, 10/26/12		710		688,962
Delphi Corp.
8.125%, 12/31/07		2,000		1,987,500
Dresser, Inc.
7.629%-8.010%, 5/4/14		1,732		1,701,851
DynCorp International, LLC
7.25%, 2/11/11		877		855,396
Ferro Corp.
7.198%-7.798%, 6/06/12		1,009		981,293
FHC Health Systems, Inc.
12.11%, 6/30/08		444		444,445
Firstlight Power Resources
9.75%, 5/01/14		2,000		1,870,000
Flakeboard Co., Ltd.
9.10%, 7/28/12		1,823		1,786,363
Ford Motor Co.
8.70%, 12/16/13		993		961,663


	Principal Amount (000)		Value
Freescale Semiconductor, Inc.
7.11%, 12/02/13	$	1,500	$	1,432,740
GBGH LLC
10.756%, 8/07/13		644		643,500
Grosvenor Capital Management
7.58%-7.665%, 11/29/13		993		963,408
Harlan Sprague Dawley, Inc.
7.86%, 7/31/14		937		908,787
HCA, Inc.
7.61%, 11/07/13		1,250		1,223,150
HIT Entertainment, Inc
7.34%, 3/20/12(b)		980		945,712
Huntsman International
6.886%, 4/19/14		1,000		991,560
Idearc, Inc.
7.20%, 11/17/14		1,496		1,468,416
Infor Enterprise Solutions Holdings, Inc.
8.95%, 7/28/12		1,983		1,905,385
Infrastrux Group, Inc.
9.629%, 11/05/12		1,389		1,305,989
IPC Systems, Inc.
7.61%, 5/11/14		2,000		1,830,000
10.448%, 6/01/15		2,000		1,720,000
Kranson Industries, Inc.
7.45%-9.50%, 7/31/13		1,805		1,768,862
Landsource Communities
8.249%-9.50%, 2/27/13		1,496		1,368,596
Level 3 Communications, Inc.
7.61%, 3/13/14		3,000		2,928,750
Live Nation Worldwide, Inc.
7.95%, 12/21/13		1,243		1,224,078
London Arena & Waterfront Finance LLC
8.204%, 3/08/12(b)(e)		1,724		1,672,038
LPL Holdings, Inc.
7.198%, 6/28/13		1,757		1,695,884
Marvell Technology Group
7.698%, 11/06/09		1,979		1,899,600
Mattress Holding Corp.
7.61%, 2/21/14		499		467,578
Metro Goldwyn Mayer, Inc.
8.448%, 4/08/12		2,463		2,360,922
Natural Products Group
7.448%-7.791%, 3/08/14		995		697,495
NCO Financial Systems, Inc
8.20%-8.50%, 5/15/13		2,481		2,388,203


	Principal Amount (000)		Value
NewPage Corp.
7.625%, 5/02/11	$	667	$	660,000
North Las Vegas
7.879%, 5/09/11		79		70,603
12.129%, 5/09/12		2,100		1,785,000
Northeast Biofuels, LLC
8.61%, 6/30/13		317		298,049
8.625%, 6/20/13		683		641,951
PetCo Animal Supplies, Inc.
7.448%-7.608%, 10/26/13		993		964,462
Reynolds & Reynolds Co.
8.86%, 10/26/13		500		495,000
Riverside Energy Center
9.67%, 6/24/11		1,562		1,554,374
Rocky Mountain Energy Center, LLC
9.379%, 6/24/11		127		126,800
9.815%, 6/24/11		959		954,602
Sabre, Inc.
7.358%-7.608%, 9/30/14		972		925,647
Sbarro, Inc.
7.88%, 1/31/14		995		957,688
Six Flags Theme Parks, Inc.
7.75%, 4/30/15		1,000		955,750
Sorenson Communications, Inc.
8.00%, 8/16/13		1,235		1,216,518
Swift Transportation
8.36%, 5/30/14		2,000		1,810,840
Talecris Biotherapeutics Holdings Corp.
9.08%-10.00%, 12/06/13		2,239		2,235,952
12.08%, 12/01/14		1,000		1,005,000
Targus Group International
8.863%-8.87%, 11/22/12		990		897,492
TDS Investor Corp.
7.448%, 8/22/13		534		520,372
Thomson Learning
7.95%, 7/05/14		1,500		1,455,000
Trinidad Drilling
8.22%, 5/01/11		986		975,975
Universal City Development Partners, Ltd.
7.36%-7.64%, 6/09/11		925		900,005
Univision Communications, Inc.
7.61%, 9/29/14		1,500		1,418,104
Venetian (Las Vegas Sands)
7.45%, 5/25/13		750		731,250
Venetian Macau
7.45%-7.61%, 2/01/12		667		650,000


		Principal Amount (000)		Value
7.45%-7.61%, 7/15/12		$	333	$	325,000
Vertafore, Inc.
11.255%, 1/31/12			500		472,500
Visteon Corp.
8.38%, 5/31/13			2,000		1,878,340
West Corp.
7.504%, 10/18/13			993		971,409
Wide Open West Finance, LLC
7.668%, 6/30/14			2,500		2,393,750
Xerium Technology, Inc.
8.11%, 5/18/12			2		1,804

Total Bank Loans
(cost $101,453,119)					97,936,143


GOVERNMENT-RELATED—US AGENCIES–3.7%
AGENCY DEBENTURE–3.7%
Resolution Funding Corp.
Zero coupon, 10/15/20(b)(g)
(cost $65,049,908)			150,000		77,661,150


INFLATION LINKED SECURITIES–2.3%
Cayman Islands–0.1%
Unibanco (Cayman)
8.70%, 2/11/10(b)(e)	BRL		4,290		2,361,021

United States–2.2%
United States Treasury Inflation Index
2.375%, 4/15/11(a)(b)	U.S.	$	44,927		45,217,830

Uruguay–0.0%
Republic of Uruguay
5.00%, 9/14/18(b)	UYU		14,057		675,578
Uruguay Government International Bond
4.25%, 4/05/27(b)			1,953		88,463

					764,041

Total Inflation Linked Securities
(cost $46,986,791)					48,342,892

NON-US DOLLAR–0.3%
GOVERNMENT-RELATED - AGENCIES–0.3%
European Investment Bank
Zero coupon, 9/12/08(b)(e)	BRL		11,103		5,490,105
Inter-American Development Bank
9.75%, 5/15/15(b)	GBP		56		145,631


		Shares or Principal Amount (000)		Value
Total Non-US Dollar
(cost $4,316,770)					5,635,736


WARRANTS–0.1%
SOVEREIGNS–0.1%
Central Bank of Nigeria Warrants, expiring 11/15/20(h)	U.S.	$	4,500	$	1,147,500
Republic of Venezuela Warrants, expiring 4/15/20(h)			1,785		—

Total Warrants
(cost $0)					1,147,500

ASSET-BACKED SECURITIES–0.0%
OTHER - FIXED RATE–0.0%
Government National Mortgage Association
.59%, 11/16/45(b)
(cost $399,529)			6,943		362,380


COMMERCIAL MORTGAGE BACKED SECURITIES–0.0%
NON-AGENCY ADJUSTABLE RATE CMBS–0.0%
Opera Financial
Series CSC3 Class B
6.345%, 4/25/17(b)(d)(e)
(cost $196,492)	GBP		100		196,004


SHORT-TERM INVESTMENTS–7.3%
Agency Discount Note–1.9%
Federal Home Loan Bank Discount Notes
5.136%, 10/10/07(i)	U.S.	$	40,000		39,948,640

Investment Companies–5.4%
AllianceBernstein Fixed Income Shares, Inc.
- Prime STIF Portfolio(j) 5.14%			113,939,582		113,939,582

Total Short-Term Investments
(cost $153,888,222)					153,888,222


Total Investments Before Security Lending
Collateral – 148.2%
(cost $3,015,911,629)				3,099,539,867


INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED–1.8%
Short-Terms–1.8%
UBS Private Money Market Fund, LLC
(cost $38,423,552)	$	38,423,552	$	38,423,552


Total Investments – 150.0%
(cost $3,054,335,181)				3,137,963,419
Other assets less liabilities – (50.0)%				(1,046,258,070	)

Net Assets – 100%			$	2,091,705,349

(a)

Positions, or portion thereof, with an aggregate market value of $1,306,171,883 have been pledged to collateralize the loan payable outstanding.

(b)

Positions, or portion thereof, with an aggregate market value of $2,854,653,443 have been segregated to collateralize open forward exchange currency contracts.

(c)

Positions, or portions thereof, with a market value of $640,995,742 have been segregated to collateralize reverse repurchase agreements.

(d)

Variable rate coupon, rate shown as of September 30, 2007.

(e)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2007, the aggregate market value of these securities amounted to $128,074,764 or 6.1% of net assets.

(f)

Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity.

(g)

Represents entire or partial position segregated as collateral for when issued and delayed delivery securities.

(h)

Non-income producing security.

(i)

Positions, or portions thereof, with a market value of $3,994,864 have been segregated to collateralize margin requirements for open futures contracts.

(j)

Investment in affiliated money market fund.

*	Represents entire or partial securities out on loan.

Glossary:

TBA - (To Be Announced) - Securities are purchased on a forward commitment with an appropriate principal amount (generally +/- 1.0%) and no definite maturity date. The actual principal amount and maturity date will be determined on settlement when the specific mortgage pools are assigned.


Currency Abbreviations:
ARS - Argentine Peso		JPY - Japanese Yen
BRL - Brazilian Real		MXN - Mexican Peso
COP - Colombian Peso		PEN - Peruvian Nuevo Sol
CRC - Costa Rican Colon		PLN - Polish Zloty


		RUB - Russian Ruble
DOP - Dominican Peso		SEK – Swedish Krona
EUR—Euro		TRY - New Turkish Lira
GBP—British Pound
HUF – Hungarian Forint		UYU - Uruguayan Peso
IDR—Indonesian Rupiah		ZAR - South African Rand


CREDIT DEFAULT SWAP CONTRACTS

Swap Counterparty	Notional Amount (000)	Interest Rate		Termination Date	Unrealized Appreciation / (Depreciation)
Buy Contracts:
Lehman Brothers
Qantas Airways Ltd.
5.125%, 6/20/13	5,000	2.75	%	3/20/16	(772,793	)

Sale Contracts:
Citibank N.A.
Republic of Brazil
12.25, 3/06/30	1,910	3.09	%	8/20/10	137,892
JP Morgan Chase
Gazprom OAO
5.875-10.50%,
4/25/07-4/28/34	1,380	1.04	%	10/20/10	12,235
Citigroup Global Markets, Inc.
Gazprom OAO
5.875-10.50%
4/25/07-4/28/34	10,000	1.04	%	10/20/10	88,657
Citigroup Global Markets, Inc.
Republic of Philippines
10.625, 3/16/25	3,360	4.95	%	3/20/09	216,996
Lehman Brothers
Republic of Venezuela
9.25%, 9/15/27	11,550	0.69	%	4/20/08	(15,245	)

FORWARD CURRENCY EXCHANGE CONTRACTS

		Contract Amount (000)		U.S. $ Value on Origination Date	U.S. $ Current Value		Unrealized Appreciation/ (Depreciation)
Buy Contracts:
Australian Dollar	Settling 10/19/07	241		211,808	213,839		2,031
Australian Dollar	Settling 10/19/07	948		809,165	840,637		31,472
Brazilian Real	Settling 11/27/07	130		68,638	70,450		1,812
British Pound	Settling 10/19/07	1,537		3,144,280	3,143,393		(887	)
British Pound	Settling 10/19/07	123		248,016	252,294		4,278
British Pound	Settling 10/19/07	317		634,506	649,010		14,504
British Pound	Settling 10/19/07	25		50,544	51,531		987
British Pound	Settling 10/19/07	31		62,907	63,870		963
British Pound	Settling 10/19/07	41		80,314	82,995		2,681
Canadian Dollar	Settling 10/19/07	558		528,197	560,894		32,697
Euro	Settling 10/19/07	290		401,212	413,389		12,177
Japanese Yen	Settling 10/19/07	35,429		301,465	309,255		7,790
Japanese Yen	Settling 10/19/07	19,454		171,327	169,814		(1,513	)
Mexican Peso	Settling 10/04/07	3,762		337,223	343,800		6,577
Mexican Peso	Settling 10/04/07	6,697		600,329	612,026		11,697
Mexican Peso	Settling 10/04/07	2,637		236,784	240,983		4,199
New turkish Lira	Settling 10/18/07	1		1,019	1,023		4
New turkish Lira	Settling 10/18/07	65		53,656	53,874		218
New Zealand Dollar	Settling 10/19/07	1,343		1,056,512	1,015,603		(40,909	)
New Zealand Dollar	Settling 10/19/07	83		60,562	62,319		1,757
Norwegian Krone	Settling 10/19/07	3,651		638,358	677,083		38,725
Norwegian Krone	Settling 10/19/07	3,476		426,974	459,254		32,280
Peruvian Nouveau Sol	Settling 10/19/07	240		76,190	77,825		1,635
Polish Zloty	Settling 10/19/07	325		117,919	122,854		4,935
Polish Zloty	Settling 10/19/07	560		203,620	211,786		8,166
Swedish Krona	Settling 10/19/07	2,434		361,343	377,944		16,601


Sale Contracts:
Australian Dollar	Settling 10/19/07	318	264,613	282,319	(17,706	)
Australian Dollar	Settling 11/29/07	1,428	1,231,956	1,263,741	(31,785	)
British Pound	Settling 10/19/07	261	535,000	534,035	965
British Pound	Settling 10/19/07	57	114,854	116,177	(1,323	)
British Pound	Settling 10/19/07	149	299,270	304,324	(5,054	)
British Pound	Settling 10/19/07	284	575,427	579,991	(4,564	)
British Pound	Settling 11/28/07	21,869	43,678,859	44,682,394	(1,003,535	)
Canadian Dollar	Settling 10/19/07	442	423,241	444,023	(20,782	)

Canadian Dollar	Settling 11/16/07	4,231	4,028,691	4,256,521	(227,830	)
Euro	Settling 10/19/07	221	305,885	314,994	(9,109	)
Euro	Settling 10/19/07	659	903,843	940,328	(36,485	)
Euro	Settling 10/19/07	173	241,697	246,860	(5,163	)
Euro	Settling 10/30/07	7,088	9,666,731	10,115,204	(448,473	)
Euro	Settling 10/30/07	665	906,356	948,405	(42,049	)
Hungarian Forint	Settling 10/19/07	9,948	55,647	56,434	(787	)
Hungarian Forint	Settling 10/19/07	28,098	154,653	159,407	(4,754	)
Hungarian Forint	Settling 10/19/07	44,519	243,489	252,563	(9,074	)
Japanese Yen	Settling 10/19/07	97,816	810,702	853,828	(43,126	)
Japanese Yen	Settling 11/28/07	13,315	115,746	116,780	(1,034	)
Mexican Peso	Settling 10/04/07	108,777	9,984,120	9,941,162	42,958
Mexican Peso	Settling 10/04/07	25,573	2,323,415	2,337,090	(13,675	)
Mexican Peso	Settling 10/04/07	105,413	9,538,776	9,633,710	(94,934	)
Mexican Peso	Settling 10/19/07	2,330	208,688	212,711	(4,023	)
New turkish Lira	Settling 10/18/07	1	971	1,024	(53	)
New turkish Lira	Settling 10/18/07	65	51,088	53,874	(2,786	)
New Zealand Dollar	Settling 10/19/07	120	505,213	544,326	(39,113	)
New Zealand Dollar	Settling 10/19/07	65	48,488	49,528	(1,040	)
New Zealand Dollar	Settling 11/19/07	2,390	1,701,446	1,802,522	(101,076	)
Norwegian Krone	Settling 10/19/07	222	39,699	41,082	(1,383	)
Polish Zloty	Settling 10/19/07	884	326,051	334,641	(8,590	)
South African Rand	Settling 10/22/07	74,883	10,047,684	10,831,722	(784,038	)
Swedish Krona	Settling 10/19/07	2,439	361,240	378,777	(17,537	)
Swedish Krona	Settling 10/19/07	2,557	386,574	397,094	(10,520	)
Swedish Krona	Settling 12/11/07	1,116	171,341	173,601	(2,260	)
Swiss Franc	Settling 10/19/07	632	529,926	543,972	(14,046	)
Swiss Franc	Settling 10/19/07	330	278,688	284,061	(5,373	)


FINANCIAL FUTURES CONTRACTS

Type	Number of Contracts	Expiration Month	Original Value		Value at September 30, 2007	Unrealized Appreciation/ (Depreciation)
Sold
U.S. Treasury Notes
10 Yr Futures	3255	December 2007	357,179,759		355,710,468		1,469,291

U.S. Treasury Bonds
Futures	154	December 2007	17,283,827		17,146,937		136,890

						$	1,606,181


REVERSE REPURCHASE AGREEMENTS (see Note C)

Broker			Interest Rate		Maturity	Amount
Merrill Lynch			4.300	%	10/3/2007	$	16,257,048
Deutsche Bank			4.350	%	10/3/2007		54,007,327
Deutsche Bank			4.400	%	10/3/2007		89,332,613
Deutsche Bank			4.150	%	10/3/2007		61,470,888
Deutsche Bank			4.300	%	10/3/2007		64,551,229
JP Morgan			4.390	%	10/3/2007		25,863,078
JP Morgan			4.390	%	10/3/2007		236,422,856
JP Morgan			4.390	%	10/3/2007		86,983,596
ABN Securities, Ltd.			3.750	%	12/31/2007		274,020

						$	635,162,655

Currency Abbreviations:

ARS - Argentive Peso

AUD - Australian Dollar

BRL - brazilian Real

COP - Colombian Peso

CRC - Costa Rican Colon

DOP - Dominican Peso

EUR - Euro

GBP - British Pound

IDR - Indonesian Rupiah

HUF - Hungarian Forint

JPY - Japanese Yen

MXN - Mexican Peso

PEN - Peruvian Nuevo Sol

PLN - Polish Zloty

RUB - Russian Ruble

SEK - Swedish Krona

TRY - New Turkish Lira

U.S.$ - United States Dollar

UYU - Uruguayan Peso

ZAR - South African Rand

ITEM 2.

CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

ITEM 3.

EXHIBITS.

The following exhibits are attached to this Form N-Q:


EXHIBIT NO.		DESCRIPTION OF EXHIBIT
11 (a) (1)		Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

11 (a) (2)		Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant): AllianceBernstein Income Fund, Inc.

By:		/s/ Marc O. Mayer
		Marc O. Mayer
		President

Date: November 21, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Marc O. Mayer
		Marc O. Mayer
		President

Date:		November 21, 2007

By:		/s/ Joseph J. Mantineo
		Joseph J. Mantineo
		Treasurer and Chief Financial Officer

Date:		November 21, 2007