----

----

| ý | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES      EXCHANGE ACT OF 1934  |
|--------|--------------------------------------------------------------------------------------------------------------|
|   |                                                                                                         |
|   | For      the quarterly period ended September 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 |
|------------|----------------|

----

----

----

ALLIANCEBERNSTEIN 

|          |                                                                                                  | 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 

Part 

| Item      1.  | Financial      Statements |
|--------------------|---------------------------|

|                                                                                                   |   | September 30,2009 |      |    | December 31,2008 |   |
|--------------------------------------------------------------------------------------------------------|--------|-------------------|-----------|---------|-----------------------|--------|
|                                                                                                   |   | (unaudited)       |      |    |                  |   |
|                                                                                                   |   |              |      |    |                  |   |
| ASSETS                                                                                                 |   |              |      |    |                  |   |
|                                                                                                   |   |              |      |    |                  |   |
| Investment      in AllianceBernstein                                                                   |   | $                 | 1,680,106 |    |                  | $      | 1,600,045 |   |
| Other      assets                                                                                      |   |              | 10        |    |                  |   | 1,397 |   |
| Total      assets                                                                                      |   | $                 | 1,680,116 |    |                  | $      | 1,601,442 |   |
|                                                                                                   |   |              |      |    |                  |   |   |   |
| LIABILITIES      AND PARTNERS’ CAPITAL                                                           |   |              |      |    |                  |   |   |   |
|                                                                                                   |   |              |      |    |                  |   |   |   |
| Liabilities:                                                                                           |   |              |      |    |                  |   |   |   |
| Payable      to AllianceBernstein                                                                      |   | $                 | 1,199     |    |                  | $      | 4,825 |   |
| Other      liabilities                                                                                 |   |              | 119       |    |                  |   | 462 |   |
| Total      liabilities                                                                                 |   |              | 1,318     |    |                  |   | 5,287 |   |
|                                                                                                   |   |              |      |    |                  |   |   |   |
| Commitments      and contingencies (See      Note 7)                                                   |   |              |      |    |                  |   |   |   |
|                                                                                                   |   |              |      |    |                  |   |   |   |
| Partners’      capital:                                                                          |   |              |      |    |                  |   |   |   |
| General      Partner: 100,000 general partnership units issued and      outstanding                    |   |              | 1,672     |    |                  |   | 1,633 |   |
| Limited      partners: 92,652,989 and 90,223,767 limited partnership units issued and      outstanding |   |              | 1,686,153 |    |                  |   | 1,618,985 |   |
| Accumulated      other comprehensive income (loss)                                                     |   |              | (9,027    | )  |                  |   | (24,463 | ) |
| Total      partners’ capital                                                                     |   |              | 1,678,798 |    |                  |   | 1,596,155 |   |
| Total      liabilities and partners’ capital                                                     |   | $                 | 1,680,116 |    |                  | $      | 1,601,442 |   |

----

Index 

ALLIANCEBERNSTEIN 

|                                                                   |   | Three      Months EndedSeptember      30, |   |   | Nine      Months EndedSeptember      30, |   |
|------------------------------------------------------------------------|--------|-------------------------------------------|--------|--------|------------------------------------------|--------|
|                                                                   |   | 2009                                      |   |   | 2008                                     |   |   | 2009 |   |   | 2008 |   |
|                                                                   |   |                                      |   |   |                                     |   |   |   |   |   |   |   |
| Equity      in net income attributable to AllianceBernsteinUnitholders |   | $                                         | 68,723 |   |                                     | $      | 72,936 |   |   | $ | 125,427 |   |   | $ | 247,975 |   |
|                                                                   |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Income      taxes                                                      |   |                                      | 6,193  |   |                                     |   | 8,575 |   |   |   | 17,909 |   |   |   | 27,267 |   |
|                                                                   |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                                                        |   | $                                         | 62,530 |   |                                     | $      | 64,361 |   |   | $ | 107,518 |   |   | $ | 220,708 |   |
|                                                                   |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Net      income per unit:                                              |   |                                      |   |   |                                     |   |   |   |   |   |   |   |   |   |   |   |
| Basic                                                                  |   | $                                         | 0.67   |   |                                     | $      | 0.73 |   |   | $ | 1.17 |   |   | $ | 2.52 |   |
| Diluted                                                                |   | $                                         | 0.67   |   |                                     | $      | 0.73 |   |   | $ | 1.17 |   |   | $ | 2.52 |   |

----

Index 

ALLIANCEBERNSTEIN 

|                                                                                                               |   | Nine      Months Ended September 30, |     |
|--------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|----------|
|                                                                                                               |   | 2009                                      |     |   | 2008 |   |
| Cash      flows from operating activities:                                                                         |   |                                      |     |   |   |   |
| Net      income                                                                                                    |   | $                                         | 107,518  |   |   | $ | 220,708 |   |
| Adjustments      to reconcile net income to net cash used in operating      activities:                            |   |                                      |     |   |   |   |   |   |
| Equity      in net income attributable to AllianceBernsteinUnitholders                                             |   |                                      | (125,427 | ) |   |   | (247,975 | ) |
| Changes      in assets and liabilities:                                                                            |   |                                      |     |   |   |   |   |   |
| Decrease      (increase) in other assets                                                                           |   |                                      | 1,387    |   |   |   | (223 | ) |
| (Decrease)      in payable to AllianceBernstein                                                                    |   |                                      | (3,626   | ) |   |   | (769 | ) |
| (Decrease)      increase in other liabilities                                                                      |   |                                      | (343     | ) |   |   | 32 |   |
| Net      cash used in operating activities                                                                         |   |                                      | (20,491  | ) |   |   | (28,227 | ) |
|                                                                                                               |   |                                      |     |   |   |   |   |   |
| Cash      flows from investing activities:                                                                         |   |                                      |     |   |   |   |   |   |
| Investment      in AllianceBernstein with proceeds from exercise of compensatory options      to buy Holding Units |   |                                      | —  |   |   |   | (13,353 | ) |
| Cash      distributions received from AllianceBernstein                                                            |   |                                      | 91,382   |   |   |   | 277,127 |   |
| Net      cash provided by investing activities                                                                     |   |                                      | 91,382   |   |   |   | 263,774 |   |
|                                                                                                               |   |                                      |     |   |   |   |   |   |
| Cash      flows from financing activities:                                                                         |   |                                      |     |   |   |   |   |   |
| Cash      distributions to unitholders                                                                             |   |                                      | (70,891  | ) |   |   | (248,900 | ) |
| Proceeds      from exercise of compensatory options to buy Holding Units                                           |   |                                      | —  |   |   |   | 13,353 |   |
| Net      cash used in financing activities                                                                         |   |                                      | (70,891  | ) |   |   | (235,547 | ) |
|                                                                                                               |   |                                      |     |   |   |   |   |   |
| 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)                                                       |   | $                                         | 15,436   |   |   | $ | (14,042 | ) |
| Awards      of Holding Units made by AllianceBernstein under deferred compensation      plans, net of forfeitures  |   |                                      | 30,812   |   |   |   | 68,720 |   |
|                                                                                                               |   |                                      |     |   |   |   |   |   |
| Non-cash      financing activities:                                                                                |   |                                      |     |   |   |   |   |   |
| Purchases      of Holding Units by AllianceBernstein to fund deferred compensation plans,      net                 |   |                                      | (232     | ) |   |   | (3,202 | ) |

----

Index 

ALLIANCEBERNSTEIN 

| 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, structured products, 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 |   |   | 63.5  | %      |
|-------------------------------|--------|--------|-------|--------|
| Holding                       |   |   | 34.5  |   |
| Unaffiliated      holders     |   |   | 2.0   |   |
|                          |   |   | 100.0 | %      |

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

----

Index 

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

|                                                                                                                                                        |   | Three Months Ended September      30,        |   |   | Nine Months      Ended September 30, |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------|--------|--------|--------------------------------------|--------|
|                                                                                                                                                        |   | 2009                                         |   |   | 2008                                 |   |   | 2009 |   |   | 2008 |   |
|                                                                                                                                                        |   | (in      thousands, except per unit amounts) |   |
|                                                                                                                                                        |   |                                         |   |   |                                 |   |   |   |   |   |   |   |
| Net      income – basic                                                                                                                               |   | $                                            | 62,530 |   |                                 | $      | 64,361 |   |   | $ | 107,518 |   |   | $ | 220,708 |   |
| Additional      allocation of equity in net income attributable to AllianceBernstein      resulting from assumed dilutive effect of compensatory    options |   |                                         | 306    |   |                                 |   | 251 |   |   |   | 154 |   |   |   | 1,531 |   |
| Net      income – diluted                                                                                                                             |   | $                                            | 62,836 |   |                                 | $      | 64,612 |   |   | $ | 107,672 |   |   | $ | 222,239 |   |
|                                                                                                                                                        |   |                                         |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average units outstanding – basic                                                                                                       |   |                                         | 92,657 |   |                                 |   | 87,582 |   |   |   | 92,146 |   |   |   | 87,433 |   |
| Dilutive      effect of compensatory options                                                                                                                |   |                                         | 635    |   |                                 |   | 515 |   |   |   | 174 |   |   |   | 909 |   |
| Weighted      average units outstanding – diluted                                                                                                     |   |                                         | 93,292 |   |                                 |   | 88,097 |   |   |   | 92,320 |   |   |   | 88,342 |   |
|                                                                                                                                                        |   |                                         |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Basic      net income per unit                                                                                                                              |   | $                                            | 0.67   |   |                                 | $      | 0.73 |   |   | $ | 1.17 |   |   | $ | 2.52 |   |
| Diluted      net income per unit                                                                                                                            |   | $                                            | 0.67   |   |                                 | $      | 0.73 |   |   | $ | 1.17 |   |   | $ | 2.52 |   |

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

| Investment      in AllianceBernstein as of December 31, 2008                                                 |   | $       | 1,600,045 |   |
|--------------------------------------------------------------------------------------------------------------|--------|---------|-----------|--------|
| Equity      in net income attributable to AllianceBernsteinUnitholders                                       |   |    | 125,427   |   |
| Changes      in accumulated other comprehensive income                                                       |   |    | 15,436    |   |
| Cash      distributions received from AllianceBernstein                                                      |   |    | (91,382   | )      |
| Purchases      of Holding Units by AllianceBernstein to fund deferred compensation plans,      net           |   |    | (232      | )      |
| Awards      of Holding Units by AllianceBernstein under deferred compensation plans,      net of forfeitures |   |    | 30,812    |   |
| Investment      in AllianceBernstein as of September 30, 2009                                                |   |  $ | 1,680,106 |   |

----

Index 

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

| Outstanding      as of December 31, 2008  |   |   | 90,323,767 |   |
|------------------------------------------------|--------|--------|------------|--------|
| Options      exercised                         |   |   | —    |   |
| Units      issued                              |   |   | 2,430,742  |   |
| Units      forfeited                           |   |   | (1,520     | )      |
| Outstanding      as of September 30, 2009 |   |   | 92,752,989 |   |

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

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

----

Index 

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

|                                                |   | Three Months Ended September      30, |   |   | Nine Months      Ended September 30, |   |
|-----------------------------------------------------|--------|---------------------------------------|--------|--------|--------------------------------------|--------|
|                                                |   | 2009                                  |   |   | 2008                                 |   |   | 2009 |   |   | 2008 |   |
|                                                |   | (in      thousands)                   |   |
|                                                |   |                                  |   |   |                                 |   |   |   |   |   |   |   |
| Net      income                                     |   | $                                     | 62,530 |   |                                 | $      | 64,361 |   |   | $ | 107,518 |   |   | $ | 220,708 |   |
| Other      comprehensive income (loss), net of tax: |   |                                  |   |   |                                 |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized      gains (losses) on investments       |   |                                  | 1,043  |   |                                 |   | (108 | ) |   |   | 1,509 |   |   |   | (1,305 | ) |
| Foreign currency translation      adjustment        |   |                                  | (1,671 | )      |                                 |   | (15,977 | ) |   |   | 13,981 |   |   |   | (12,607 | ) |
| Changes      in retirement plan related items       |   |                                  | 8      |   |                                 |   | (33 | ) |   |   | (54 | ) |   |   | (130 | ) |
|                                                |   |                                  | (620   | )      |                                 |   | (16,118 | ) |   |   | 15,436 |   |   |   | (14,042 | ) |
| Comprehensive      income                           |   | $                                     | 61,910 |   |                                 | $      | 48,243 |   |   | $ | 122,954 |   |   | $ | 206,666 |   |

----

Index 

Report 

| /s/      PricewaterhouseCoopers LLP |   |
|-------------------------------------|--------|
| New      York, New York             |
| October      29, 2009               |

----

Index 

| Item 2. | Management’s      Discussion and Analysis of Financial Condition and Results of      Operations |
|---------|-------------------------------------------------------------------------------------------------------|

|                                                                   |   | Three      Months EndedSeptember      30,   |   |   |   |   |   | Nine      Months EndedSeptember      30, |   |   |   |   |
|------------------------------------------------------------------------|--------|---------------------------------------------|--------|--------|--------|--------|--------|------------------------------------------|--------|--------|--------|--------|
|                                                                   |   | 2009                                        |   |   | 2008   |   |   | %      Change                            |   |   | 2009   |   |   | 2008 |   |   | %      Change |   |
|                                                                   |   | (in      millions, except per unit amounts) |   |
|                                                                   |   |                                        |   |   |   |   |   |                                     |   |   |   |   |   |   |   |   |   |   |
| Net      income attributable to AllianceBernstein Unitholders          |   | $                                           | 199.3  |   |   | $      | 219.5  |                                     |   |   | (9.2   | )%     |   | $ | 364.5 |   |   | $ | 747.3 |   |   |   | (51.2 | )% |
| Weighted      average equity ownership interest                        |   |                                        | 34.5   | %      |   |   | 33.2   | %                                        |   |   |   |   |   |   | 34.4 | % |   |   | 33.2 | % |   |   |   |   |
| Equity      in net income attributable to AllianceBernsteinUnitholders |   | $                                           | 68.7   |   |   | $      | 72.9   |                                     |   |   | (5.8   | )      |   | $ | 125.4 |   |   | $ | 248.0 |   |   |   | (49.4 | ) |
| Net      income of Holding                                             |   | $                                           | 62.5   |   |   | $      | 64.4   |                                     |   |   | (2.8   | )      |   | $ | 107.5 |   |   | $ | 220.7 |   |   |   | (51.3 | ) |
| Diluted      net income per Holding Unit                               |   | $                                           | 0.67   |   |   | $      | 0.73   |                                     |   |   | (8.2   | )      |   | $ | 1.17 |   |   | $ | 2.52 |   |   |   | (53.6 | ) |
| Distribution      per Holding Unit(1)                                  |   | $                                           | 0.67   |   |   | $      | 0.60   |                                     |   |   | 11.7   |   |   | $ | 1.15 |   |   | $ | 2.39 |   |   |   | (51.9 | ) |

| (1) | Third      quarter 2008 distribution excludes a $35.3 million insurance reimbursement      received in that quarter. |
|-----|----------------------------------------------------------------------------------------------------------------------|

|                                                                                                               |   | Nine      Months EndedSeptember      30, |    |   |   |   |
|--------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|---------|--------|--------|--------|
|                                                                                                               |   | 2009                                     |    |   | 2008   |   |   | %      Change |   |
|                                                                                                               |   | (in      millions)                       |    |   |   |   |
|                                                                                                               |   |                                     |    |   |   |   |   |   |   |
| Partners’      capital, as of September 30                                                                   |   | $                                        | 1,678.8 |   |   | $      | 1,604.1 |   |   |   | 4.7 | % |
| Distributions      received from AllianceBernstein                                                                 |   |                                     | 91.4    |   |   |   | 277.1 |   |   |   | (67.0 | ) |
| Distributions      paid to unitholders                                                                             |   |                                     | (70.9   | )      |   |   | (248.9 | ) |   |   | (71.5 | ) |
| Proceeds      from exercise of compensatory options to buy Holding Units                                           |   |                                     | — |   |   |   | 13.4 |   |   |   | (100.0 | ) |
| Investment      in AllianceBernstein with proceeds from exercise of compensatory options      to buy Holding Units |   |                                     | — |   |   |   | (13.4 | ) |   |   | (100.0 | ) |
| Purchases      of Holding Units by AllianceBernstein to fund deferred compensation plans,      net                 |   |                                     | (0.2    | )      |   |   | (3.2 | ) |   |   | (92.8 | ) |
| Awards      of Holding Units made by AllianceBernstein under deferred compensation      plans, net of forfeitures  |   |                                     | 30.8    |   |   |   | 68.7 |   |   |   | (55.2 | ) |
| Available      Cash Flow                                                                                           |   |                                     | 106.4   |   |   |   | 209.0 |   |   |   | (49.1 | ) |

----

Index 

|   | • | Our backlog of new      institutional 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 we currently      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 are      depressed for prolonged periods of time, client assets under management      and 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 on AllianceBernstein’s cash flow      from its operations, which is subject to the performance of the capital      markets and other factors beyond ourcontrol. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | 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 to maintain 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 global economy will grow modestly in 2010: The extent to which      global economies may have recently stabilized is not necessarily      indicative of future results. Global economies face significant obstacles      to sustained future growth. The actual performance of the capital markets      and other factors beyond our control will affect our investment success      for clients and asset flows. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | • | The leverage inherent      in our business model increasing should our AUM and revenues continue to      grow and our lower expense base remains stable: 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      depend on 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. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Index 

| Item      3. | Quantitative      and Qualitative Disclosures About Market  Risk |
|--------------|------------------------------------------------------------------|

| Item      4. | Controls      and Procedures |
|--------------|------------------------------|

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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      PricePaidPer Unit, net ofCommissions |   |   | (c)Total      Number ofUnits Purchased asPart of      PubliclyAnnounced      Plansor      Programs |   |   | (d)Maximum      Number(or      ApproximateDollar      Value) ofUnits      that May YetBe Purchased Underthe      Plans orPrograms |   |
|-----------------------|--------|--------------------------------------------|--------|--------|---------------------------------------------------------------------|--------|--------|-------------------------------------------------------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| 7/1/09      - 7/31/09 |   |                                       | 29,990 |   |                                                                | $      | 20.24  |                                                                                                              |   |   | —                                                                                                                                          |   |   |   | — |   |
| 8/1/09      - 8/31/09 |   |                                       | 1,084  |   |                                                                |   | 20.72  |                                                                                                              |   |   | —                                                                                                                                          |   |   |   | — |   |
| 9/1/09      - 9/30/09 |   |                                       | 23     |   |                                                                |   | 21.38  |                                                                                                              |   |   | —                                                                                                                                          |   |   |   | — |   |
| Total                 |   |                                       | 31,097 |   |                                                                | $      | 20.26  |                                                                                                              |   |   | —                                                                                                                                          |   |   |   | — |   |

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

| Item      4. | Submission      of Matters to a Vote of SecurityHolders |
|--------------|---------------------------------------------------------|

| 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 September 30,  2009.                                                                                                                                                               |

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Index 

SIGNATURE

| Date:      October 29, 2009 | AllianceBernstein      Holding l.p. |
|-----------------------------|-------------------------------------|
|                        |                                |   |   |
|                        | By:                                 | /s/      Robert H. Joseph, Jr. |   |
|                        |                                | Robert      H. Joseph, Jr. |   |
|                        |                                | Senior      Vice President and Chief FinancialOfficer  |

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