----

----

| ý | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |   |   |
|--------|----------------------------------------------------------------------------------------------------|--------|--------|
|   |                                                                                               |   |   |
|   | For the quarterly period ended June 30, 2009                                                  |   |   |
|   |                                                                                               |   |   |
|   | OR                                                                                                 |   |   |
|   |                                                                                               |   |   |
| o      | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |   |   |

| Delaware                                                       |   | 13-3434400                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

| Yes | ý |   |   | No | o |   |
|-----|--------|--------|--------|----|---|--------|

| Yes | o |   |   | No | o |   |
|-----|---|--------|--------|----|---|--------|

| Large accelerated filer ý                                   |   | Accelerated filer o    |
|-----------------------------------------------------------------------|--------|-----------------------------|
|                                                                  |   |                        |
| Non-accelerated filer o (Do not check if a smaller reporting company) |   | Smaller reporting company o |

| Yes | o |   |   | No | ý |   |
|-----|---|--------|--------|----|--------|--------|

----

----

----

CEBER

|      |                                                                                        | Page   |
|-----------|---------------------------------------------------------------------------------------------|--------|
|      |                                                                                        |   |
|      | Part I                                                                                 |   |
|      |                                                                                        |   |
|      | FINANCIAL INFORMATION                                                                       |   |
|      |                                                                                        |   |
| Item 1.   | Financial Statements                                                                        |   |
|      |                                                                                        |   |
|      | Condensed Statements of Financial Condition                                                 | 1      |
|      |                                                                                        |   |
|      | Condensed Statements of Income                                                              | 2      |
|      |                                                                                        |   |
|      | Condensed Statements of Cash Flows                                                          | 3      |
|      |                                                                                        |   |
|      | Notes to Condensed Financial Statements                                                     | 4-8    |
|      |                                                                                        |   |
|      | Report of Independent Registered Public Accounting Firm                                     | 9      |
|      |                                                                                        |   |
| Item 2.   | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 10-12  |
|      |                                                                                        |   |
| Item 3.   | Quantitative and Qualitative Disclosures About Market Risk                                  | 12     |
|      |                                                                                        |   |
| Item 4.   | Controls and Procedures                                                                     | 12     |
|      |                                                                                        |   |
|      | Part II                                                                                |   |
|      |                                                                                        |   |
|      | OTHER INFORMATION                                                                           |   |
|      |                                                                                        |   |
| Item 1.   | Legal Proceedings                                                                           | 13     |
|      |                                                                                        |   |
| Item 1A.  | Risk Factors                                                                                | 13     |
|      |                                                                                        |   |
| Item 2.   | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 13     |
|      |                                                                                        |   |
| Item 3.   | Defaults Upon Senior Securities                                                             | 13     |
|      |                                                                                        |   |
| Item 4.   | Submission of Matters to a Vote of Security Holders                                         | 13     |
|      |                                                                                        |   |
| Item 5.   | Other Information                                                                           | 13     |
|      |                                                                                        |   |
| Item 6.   | Exhibits                                                                                    | 14     |
|      |                                                                                        |   |
| SIGNATURE | 15                                                                                          |

----

Index

CEBERN

|                                                                                         |   | June 30,2009 |      |    | December 31,2008 |   |
|----------------------------------------------------------------------------------------------|--------|--------------|-----------|---------|-----------------------|--------|
|                                                                                         |   | (unaudited)  |      |    |                  |   |
|                                                                                         |   |         |      |    |                  |   |
| ASSETS                                                                                       |   |         |      |    |                  |   |
|                                                                                         |   |         |      |    |                  |   |
| Investment in AllianceBernstein                                                              |   | $            | 1,655,082 |    |                  | $      | 1,600,045 |   |
| Other assets                                                                                 |   |         | 418       |    |                  |   | 1,397 |   |
| Total assets                                                                                 |   | $            | 1,655,500 |    |                  | $      | 1,601,442 |   |
|                                                                                         |   |         |      |    |                  |   |   |   |
| LIABILITIES AND PARTNERS’ CAPITAL                                                      |   |         |      |    |                  |   |   |   |
|                                                                                         |   |         |      |    |                  |   |   |   |
| Liabilities:                                                                                 |   |         |      |    |                  |   |   |   |
| Payable to AllianceBernstein                                                                 |   | $            | 1,950     |    |                  | $      | 4,825 |   |
| Other liabilities                                                                            |   |         | 216       |    |                  |   | 462 |   |
| Total liabilities                                                                            |   |         | 2,166     |    |                  |   | 5,287 |   |
|                                                                                         |   |         |      |    |                  |   |   |   |
| Commitments and contingencies (See Note 7)                                                   |   |         |      |    |                  |   |   |   |
|                                                                                         |   |         |      |    |                  |   |   |   |
| Partners’ capital:                                                                     |   |         |      |    |                  |   |   |   |
| General Partner: 100,000 general partnership units issued and outstanding                    |   |         | 1,646     |    |                  |   | 1,633 |   |
| Limited partners: 92,350,268 and 90,223,767 limited partnership units issued and outstanding |   |         | 1,660,095 |    |                  |   | 1,618,985 |   |
| Accumulated other comprehensive income (loss)                                                |   |         | (8,407    | )  |                  |   | (24,463 | ) |
| Total partners’ capital                                                                |   |         | 1,653,334 |    |                  |   | 1,596,155 |   |
| Total liabilities and partners’ capital                                                |   | $            | 1,655,500 |    |                  | $      | 1,601,442 |   |

----

Index

LIA

|                                                               |   | Three Months Ended June 30, |   |   | Six Months Ended June 30, |   |
|--------------------------------------------------------------------|--------|-----------------------------|--------|--------|---------------------------|--------|
|                                                               |   | 2009                        |   |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                                               |   |                        |   |   |                      |   |   |   |   |   |   |   |
| Equity in net income attributable to AllianceBernstein Unitholders |   | $                           | 44,092 |   |                      | $      | 93,042 |   |   | $ | 56,704 |   |   | $ | 175,039 |   |
|                                                               |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Income taxes                                                       |   |                        | 5,839  |   |                      |   | 9,131 |   |   |   | 11,716 |   |   |   | 18,692 |   |
|                                                               |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                         |   | $                           | 38,253 |   |                      | $      | 83,911 |   |   | $ | 44,988 |   |   | $ | 156,347 |   |
|                                                               |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Net income per unit:                                               |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                              |   | $                           | 0.41   |   |                      | $      | 0.96 |   |   | $ | 0.49 |   |   | $ | 1.79 |   |
| Diluted                                                            |   | $                           | 0.41   |   |                      | $      | 0.96 |   |   | $ | 0.49 |   |   | $ | 1.79 |   |

----

Index

LIANCEB

|                                                                                                     |   | Six Months Ended June 30, |    |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------|---------|
|                                                                                                     |   | 2009                           |    |   | 2008 |   |
| Cash flows from operating activities:                                                                    |   |                           |    |   |   |   |
| Net income                                                                                               |   | $                              | 44,988  |   |   | $ | 156,347 |   |
| Adjustments to reconcile net income to net cash used in operating activities:                            |   |                           |    |   |   |   |   |
| Equity in net income attributable to AllianceBernstein Unitholders                                       |   | (56,704                        | )       |   |   | (175,039 | ) |
| Changes in assets and liabilities:                                                                       |   |                           |    |   |   |   |   |
| Decrease in other assets                                                                                 |   | 979                            |    |   |   | 11 |   |
| (Decrease) in payable to AllianceBernstein                                                               |   | (2,875                         | )       |   |   | (571 | ) |
| (Decrease) in other liabilities                                                                          |   | (246                           | )       |   |   | (93 | ) |
| Net cash used in operating activities                                                                    |   | (13,858                        | )       |   |   | (19,345 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |
| Cash flows from investing activities:                                                                    |   |                           |    |   |   |   |   |
| Investment in AllianceBernstein with proceeds from exercise of compensatory options to buy Holding Units |   | —                        |    |   |   | (12,559 | ) |
| Cash distributions received from AllianceBernstein                                                       |   | 46,881                         |    |   |   | 184,297 |   |
| Net cash provided by investing activities                                                                |   | 46,881                         |    |   |   | 171,738 |   |
|                                                                                                     |   |                           |    |   |   |   |   |
| Cash flows from financing activities:                                                                    |   |                           |    |   |   |   |   |
| Cash distributions to unitholders                                                                        |   | (33,023                        | )       |   |   | (164,952 | ) |
| Proceeds from exercise of compensatory options to buy Holding Units                                      |   | —                        |    |   |   | 12,559 |   |
| Net cash used in financing activities                                                                    |   | (33,023                        | )       |   |   | (152,393 | ) |
|                                                                                                     |   |                           |    |   |   |   |   |
| Change in cash and cash equivalents                                                                      |   | —                        |    |   |   | — |   |
| Cash and cash equivalents as of beginning of period                                                      |   | —                        |    |   |   | — |   |
| Cash and cash equivalents as of end of period                                                            |   | $                              | — |   |   | $ | — |   |
|                                                                                                     |   |                           |    |   |   |   |   |
| Non-cash investing activities:                                                                           |   |                           |    |   |   |   |   |
| Change in accumulated other comprehensive income (loss)                                                  |   | $                              | 16,056  |   |   | $ | 2,076 |   |
| Awards of Holding Units made by AllianceBernstein under deferred compensation plans, net of forfeitures  |   |                           | 29,812  |   |   |   | 69,908 |   |
|                                                                                                     |   |                           |    |   |   |   |   |
| Non-cash financing activities:                                                                           |   |                           |    |   |   |   |   |
| Purchases of Holding Units by AllianceBernstein to fund deferred compensation plans, net of issuances    |   |                           | (654    | ) |   |   | (4,325 | ) |

----

Index

IANCEB

| 1. | Business Description and Organization |
|----|---------------------------------------|

|   | • | Institutional Investment Services – servicing its institutional clients, including unaffiliated corporate and public employee pension funds, endowment funds, domestic and foreign institutions and governments, and affiliates such as AXA and certain of its insurance company subsidiaries, by means of separately managed accounts, sub-advisory relationships, structuredproducts, collective investment trusts, mutual funds, hedge funds and other investment vehicles. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Retail Services – servicing its individual clients, primarily by means of retail mutual funds sponsored by AllianceBernstein or an affiliated company, sub-advisory relationships with mutual funds sponsored by third parties, separately managed account programs sponsored by financial intermediaries worldwide and other investment vehicles. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Private Client Services – servicing its private clients, including high-net-worth individuals, trusts and estates, charitable foundations, partnerships, private and family corporations, and other entities, by means of separately managed accounts, hedge funds, mutual funds and other investment vehicles. |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Institutional Research Services – servicing its institutional clients seeking independent research, portfolio strategy and brokerage-related services. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Value equities, generally targeting stocks that are out of favor and that may trade at bargain prices; |
|--------|---------|--------------------------------------------------------------------------------------------------------|

|   | • | Growth equities, generally targeting stocks with under-appreciated growth potential; |
|--------|---------|--------------------------------------------------------------------------------------|

|   | • | Fixed income securities, including both taxable and tax-exempt securities; |
|--------|---------|----------------------------------------------------------------------------|

|   | • | Blend strategies, combining style-pure investment components with systematic rebalancing; |
|--------|---------|-------------------------------------------------------------------------------------------|

|   | • | Passive management, including both index and enhanced index strategies; |
|--------|---------|-------------------------------------------------------------------------|

|   | • | Alternative investments, such as hedge funds, currency management strategies and venture capital; and |
|--------|---------|-------------------------------------------------------------------------------------------------------|

|   | • | Asset allocation by which AllianceBernstein offers specifically-tailored investment solutions for its clients (e.g., customized target-date fund retirement services for institutional defined contribution plan clients). |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| AXA and its subsidiaries |   |   | 63.6  | %      |
|--------------------------|--------|--------|-------|--------|
| Holding                  |   |   | 34.4  |   |
| Unaffiliated holders     |   |   | 2.0   |   |
|                     |   |   | 100.0 | %      |

| 2. | Summary of Significant Accounting Policies |
|----|--------------------------------------------|

----

Index

| 3. | Net Income Per Unit |
|----|---------------------|

|                                                                                                                                           |   | Three Months Ended June 30,             |   |   | Six Months Ended June 30, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------|--------|--------|---------------------------|--------|
|                                                                                                                                           |   | 2009                                    |   |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                           |   | (in thousands, except per unit amounts) |   |
|                                                                                                                                           |   |                                    |   |   |                      |   |   |   |   |   |   |   |
| Net income – basic                                                                                                                       |   | $                                       | 38,253 |   |                      | $      | 83,911 |   |   | $ | 44,988 |   |   | $ | 156,347 |   |
| Additional allocation of equity in net income attributable to AllianceBernstein resulting from assumed dilutive effect of compensatory options |   |                                    | 9      |   |                      |   | 139 |   |   |   | — |   |   |   | 312 |   |
| Net income – diluted                                                                                                                     |   | $                                       | 38,262 |   |                      | $      | 84,050 |   |   | $ | 44,988 |   |   | $ | 156,659 |   |
|                                                                                                                                           |   |                                    |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average units outstanding – basic                                                                                               |   |                                    | 92,231 |   |                      |   | 87,481 |   |   |   | 91,887 |   |   |   | 87,357 |   |
| Dilutive effect of compensatory options                                                                                                        |   |                                    | 1      |   |                      |   | 206 |   |   |   | — |   |   |   | 267 |   |
| Weighted average units outstanding – diluted                                                                                             |   |                                    | 92,232 |   |                      |   | 87,687 |   |   |   | 91,887 |   |   |   | 87,624 |   |
|                                                                                                                                           |   |                                    |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Basic net income per unit                                                                                                                      |   | $                                       | 0.41   |   |                      | $      | 0.96 |   |   | $ | 0.49 |   |   | $ | 1.79 |   |
| Diluted net income per unit                                                                                                                    |   | $                                       | 0.41   |   |                      | $      | 0.96 |   |   | $ | 0.49 |   |   | $ | 1.79 |   |

| 4. | Investment in AllianceBernstein |
|----|---------------------------------|

| Investment in AllianceBernstein as of December 31, 2008                                                 |   | $      | 1,600,045 |   |
|---------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|
| Equity in net income attributable to AllianceBernstein Unitholders                                      |   |   | 56,704    |   |
| Changes in accumulated other comprehensive income                                                       |   |   | 16,056    |   |
| Cash distributions received from AllianceBernstein                                                      |   |   | (46,881   | )      |
| Purchases of Holding Units by AllianceBernstein to fund deferred compensation plans, net of issuances   |   |   | (654      | )      |
| Awards of Holding Units made by AllianceBernstein under deferred compensation plans, net of forfeitures |   |   | 29,812    |   |
| Investment in AllianceBernstein as of June 30, 2009                                                     |   | $      | 1,655,082 |   |

----

Index

| 5. | Units Outstanding |
|----|-------------------|

| Outstanding as of December 31, 2008  |   |   | 90,323,767 |   |
|--------------------------------------|--------|--------|------------|--------|
| Options exercised                    |   |   | —    |   |
| Units issued                         |   |   | 2,127,519  |   |
| Units forfeited                      |   |   | (1,018     | )      |
| Outstanding as of June 30, 2009 |   |   | 92,450,268 |   |

| 6. | Income Taxes |
|----|--------------|

| 7. | Commitments and Contingencies |
|----|-------------------------------|

----

Index

| 8. | Comprehensive Income |
|----|----------------------|

|                                           |   | Three Months Ended June 30, |   |   | Six Months Ended June 30, |   |
|------------------------------------------------|--------|-----------------------------|--------|--------|---------------------------|--------|
|                                           |   | 2009                        |   |   | 2008                      |   |   | 2009 |   |   | 2008 |   |
|                                           |   | (in thousands)              |   |
|                                           |   |                        |   |   |                      |   |   |   |   |   |   |   |
| Net income                                     |   | $                           | 38,253 |   |                      | $      | 83,911 |   |   | $ | 44,988 |   |   | $ | 156,347 |   |
| Other comprehensive income (loss), net of tax: |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized gains (losses) on investments       |   |                        | 294    |   |                      |   | (200 | ) |   |   | 466 |   |   |   | (1,197 | ) |
| Foreign currency translation adjustment        |   |                        | 17,668 |   |                      |   | (213 | ) |   |   | 15,652 |   |   |   | 3,370 |   |
| Changes in retirement plan related items       |   |                        | (1     | )      |                      |   | (54 | ) |   |   | (62 | ) |   |   | (97 | ) |
|                                           |   |                        | 17,961 |   |                      |   | (467 | ) |   |   | 16,056 |   |   |   | 2,076 |   |
| Comprehensive income                           |   | $                           | 56,214 |   |                      | $      | 83,444 |   |   | $ | 61,044 |   |   | $ | 158,423 |   |
|                                           |   |                        |   |   |                      |   |   |   |   |   |   |   |   |   |   |   |

----

Index

depend

| /s/ PricewaterhouseCoopers LLP |   |
|--------------------------------|--------|
| New York, New York             |
| July 30, 2009                  |

----

Index

ageme

|                                                               |   | Three Months EndedJune 30,             |   |   |   |   |   | Six Months EndedJune 30, |   |   |   |   |
|--------------------------------------------------------------------|--------|----------------------------------------|--------|--------|--------|--------|--------|--------------------------|--------|--------|--------|--------|
|                                                               |   | 2009                                   |   |   | 2008   |   |   | % Change                 |   |   | 2009   |   |   | 2008 |   |   | % Change |   |
|                                                               |   | (in millions, except per unit amounts) |   |
|                                                               |   |                                   |   |   |   |   |   |                     |   |   |   |   |   |   |   |   |   |   |
| Net income attributable to AllianceBernstein Unitholders           |   | $                                      | 128.3  |   |   | $      | 280.3  |                     |   |   | (54.2  | )%     |   | $ | 165.1 |   |   | $ | 527.7 |   |   |   | (68.7 | )% |
| Weighted average equity ownership interest                         |   |                                   | 34.4   | %      |   |   | 33.2   | %                        |   |   |   |   |   |   | 34.3 | % |   |   | 33.2 | % |   |   |   |   |
| Equity in net income attributable to AllianceBernstein Unitholders |   | $                                      | 44.1   |   |   | $      | 93.0   |                     |   |   | (52.6  | )      |   | $ | 56.7 |   |   | $ | 175.0 |   |   |   | (67.6 | ) |
| Net income of Holding                                              |   | $                                      | 38.3   |   |   | $      | 83.9   |                     |   |   | (54.4  | )      |   | $ | 45.0 |   |   | $ | 156.3 |   |   |   | (71.2 | ) |
| Diluted net income per Holding Unit                                |   | $                                      | 0.41   |   |   | $      | 0.96   |                     |   |   | (57.3  | )      |   | $ | 0.49 |   |   | $ | 1.79 |   |   |   | (72.6 | ) |
| Distribution per Holding Unit                                      |   | $                                      | 0.41   |   |   | $      | 0.96   |                     |   |   | (57.3  | )      |   | $ | 0.48 |   |   | $ | 1.79 |   |   |   | (73.2 | ) |

|                                                                                                     |   | Six Months Ended June 30, |    |   |   |   |
|----------------------------------------------------------------------------------------------------------|--------|---------------------------|---------|--------|--------|--------|
|                                                                                                     |   | 2009                      |    |   | 2008   |   |   | % Change |   |
|                                                                                                     |   | (in millions)             |    |   |   |   |
|                                                                                                     |   |                      |    |   |   |   |   |   |   |
| Partners’ capital, as of June 30                                                                   |   | $                         | 1,653.3 |   |   | $      | 1,639.1 |   |   |   | 0.9 | % |
| Distributions received from AllianceBernstein                                                            |   |                      | 46.9    |   |   |   | 184.3 |   |   |   | (74.6 | ) |
| Distributions paid to unitholders                                                                        |   |                      | (33.0   | )      |   |   | (165.0 | ) |   |   | (80.0 | ) |
| Proceeds from exercise of compensatory options to buy Holding Units                                      |   |                      | — |   |   |   | 12.6 |   |   |   | (100.0 | ) |
| Investment in AllianceBernstein with proceeds from exercise of compensatory options to buy Holding Units |   |                      | — |   |   |   | (12.6 | ) |   |   | (100.0 | ) |
| Purchases of Holding Units by AllianceBernstein to fund deferred compensation plans, net of issuances    |   |                      | (0.7    | )      |   |   | (4.3 | ) |   |   | (84.9 | ) |
| Awards of Holding Units made by AllianceBernstein under deferred compensation plans, net of forfeitures  |   |                      | 29.8    |   |   |   | 69.9 |   |   |   | (57.4 | ) |
| Available Cash Flow                                                                                      |   |                      | 44.3    |   |   |   | 156.6 |   |   |   | (71.7 | ) |

----

Index

|   | • | Our backlog of new institutional client mandates not yet funded: Before they are funded, institutional mandates do not represent legally binding commitments to fund and, accordingly, the possibility exists that not all mandates will be funded in the amounts and at the times wecurrently anticipate.  |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | The possibility that prolonged weakness in the value of client assets under management may result in impairment of goodwill, intangible assets and the deferred sales commission asset: To the extent that securities valuations remain depressed for prolonged periods of time and market conditions stagnate or worsen, client assets under managementand our revenues, profitability and unit price may be adversely affected. As a result, subsequent impairment tests may be based upon different assumptions and future cash flow projections, which may result in an impairment of goodwill, intangible assets and the deferred sales commission asset.  |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  • | The cash flow Holding realizes from its investment in AllianceBernstein providing Holding with the resources necessary to meet its financial obligations: Holding’s cash flow is dependent on the quarterly cash distributions it receives from AllianceBernstein. Accordingly, Holding’s ability to meet its financial obligations is dependent onAllianceBernstein’s cash flow from its operations, which is subject to the performance of the capital markets and other factors beyond our control.  |
|--------|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | Our financial condition and access to public and private debt providing adequate liquidity for our general business needs: Our financial condition is dependent on our cash flow from operations, which is subject to the performance of the capital markets, our ability tomaintain and grow client assets under management and other factors beyond our control. Our access to public and private debt, as well as the market for debt or equity we may choose to issue on reasonable terms, may be limited by adverse market conditions, our profitability and changes in government regulations, including tax rates and interest rates.  |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  • | The outcome of litigation: Litigation is inherently unpredictable, and excessive damage awards do occur. Though we have stated that we do not expect certain legal proceedings to have a material adverse effect on our results of operations or financial condition, any settlement or judgment with respect to a legal proceeding could be significant,and could have such an effect.  |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  • | Our expectation that the significant challenges that persist in today’s global capital markets should provide active asset managers with long-term opportunities to generate positive relative performance for their clients: Historical performance is not necessarily indicative of future results or market movements. The actual performanceof the capital markets and other factors beyond our control will affect our investment success for clients and asset flows.  |
|--------|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  • | Our expectation that our lower expense base should provide for operating leverage as revenues grow: Unanticipated events and factors, including strategic initiatives, may cause us to expand our expense base, thus limiting the extent to which we benefit from any positive leverage in future periods. Growth in our revenues will dependon the level of our assets under management, which in turn depends on factors such as the actual performance of the capital markets, the performance of our investment products and other factors beyond our control. |
|--------|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

antita

ntr

----

Index

| Item 1. | Legal Proceedings |
|---------|-------------------|

| Item 1A. | Risk Factors |
|----------|--------------|

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

| Period           |   | (a)Total Numberof UnitsPurchased |   |   | (b)Average PricePaidPerUnit, net ofCommissions |   |   | (c)Total Number ofUnits Purchased asPartof PubliclyAnnounced Plansor Programs |   |   | (d)Maximum Number(or ApproximateDollarValue) ofUnits that May YetBe Purchased Underthe Plans orPrograms |   |
|------------------|--------|----------------------------------|--------|--------|------------------------------------------------|--------|--------|-------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------|--------|
| 4/1/09 - 4/30/09 |   |                             | 2,279  |   |                                           | $      | 17.12  |                                                                          |   |   | —                                                                                                 |   |   |   | — |   |
| 5/1/09 - 5/31/09 |   |                             | 1      |   |                                           |   | 15.26  |                                                                          |   |   | —                                                                                                 |   |   |   | — |   |
| 6/1/09 - 6/30/09 |   |                             | 2,561  |   |                                           |   | 17.30  |                                                                          |   |   | —                                                                                                 |   |   |   | — |   |
| Total            |   |                             | 4,841  |   |                                           | $      | 17.21  |                                                                          |   |   | —                                                                                                 |   |   |   | — |   |

| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | Submission of Matters to a Vote of Security Holders |
|---------|-----------------------------------------------------|

| Item 5. | Other Information |
|---------|-------------------|

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Index

| Item 6. | Exhibits |
|---------|----------|

| 15.1   | Letter from PricewaterhouseCoopers LLP, our independent registered public accounting firm, regarding unaudited interim financial information.                                                                                                                                        |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                 |
| 31.1   | Certification of Mr. Kraus furnished pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                 |
| 31.2   | Certification of Mr. Joseph furnished pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                 |
| 32.1   | Certification of Mr. Kraus furnished for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.  |
|   |                                                                                                                                                                                                                                                                                 |
| 32.2   | Certification of Mr. Joseph furnished for the purpose of complying with Rule 13a-14(b) or Rule 15d-14(b) of the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|   |                                                                                                                                                                                                                                                                                 |
| 99.1   | Part I, Items 1 through 4 of the AllianceBernstein L.P. Quarterly Report on Form 10-Q for the quarter ended June 30, 2009.                                                                                                                                                           |

----

Index

GNAT

| Date: July 30, 2009 | AllianceBernstein Holdingl.p. |
|---------------------|-------------------------------|
|                |                          |   |   |
|                | By:                           | /s/ Robert H. Joseph, Jr. |   |
|                |                          | Robert H. Joseph, Jr. |   |
|                |                          | Senior Vice President and Chief Financial Officer  |

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