NEW YORK, March 15 /PRNewswire-FirstCall/ -- Alliance All-Market Advantage Fund, Inc. [NYSE: AMO] (the "Fund") today released its monthly portfolio update as of January 31, 2006. Alliance All-Market Advantage Fund, Inc. Top 10 Equity Holdings Portfolio% Country 1) Halliburton Co 6.12% United States 2) Google Inc Class A 5.38% United States 3) Broadcom Corporation 4.50% United States 4) Qualcomm Incorporated 4.37% United States 5) Nabors Industries Ltd 3.50% Bermuda 6) Genentech Inc 3.49% United States 7) eBay Inc 3.37% United States 8) Teva Pharmaceutical-adr 3.33% Israel 9) Corning Inc 3.28% United States 10) Apple Computer Inc 3.12% United States Sector/Industry Breakdown Portfolio% Technology: Communication Equipment 9.82% Semiconductor Components 9.68% Internet Media 5.38% Computer Hardware/Storage 3.12% Computer Peripherals 1.11% Software 0.73% Semiconductor Capital Equip 0.46% SUBTOTAL 30.30% Healthcare: Biotechnology 7.17% Medical Services 5.12% Drugs 3.33% Medical Products 2.81% SUBTOTAL 18.43% Consumer Services: Retail - General Merchandise 7.60% Miscellaneous 3.42% Restaurants & Lodging 1.52% Cellular Communications 1.08% SUBTOTAL 13.62% Finance: Brokerage & Money Management 7.69% Banking - Money Center 2.76% Insurance 1.97% Banking - Regional 0.92% SUBTOTAL 13.34% Energy 11.98% Consumer Staples: Household Products 2.05% Retail - Food & Drug 1.05% SUBTOTAL 3.10% Aerospace & Defense 1.93% Capital Goods 1.72% Multi Industry Companies 0.30% Short-term 5.28% Total 100.00% Security Type Breakdown Portfolio% Domestic Equity 78.76% Foreign Equity 15.96% Short-term 5.28% Total 100.00% Country Breakdown Portfolio% United States 78.76% Bermuda 6.44% Israel 3.33% Switzerland 3.00% Cayman Islands 2.11% Mexico 1.08% Short-term 5.28% Total 100.00% Portfolio Statistics Total Net Assets: $56.7 Million Net Asset Value: $15.39 Number of Holdings: 52 The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P. DATASOURCE: Alliance All-Market Advantage Fund, Inc. CONTACT: Alliance All-Market Advantage Fund, Inc., Shareholder Contact, 1-800-221-5672 Web site: http://www.alliancecapital.com/

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