NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- At a Special Meeting of Stockholders of ACM Government Opportunity Fund, Inc. ("ACM Government Opportunity" - NYSE: AOF) held today, stockholders approved the acquisition of the assets and the assumption of the liabilities of ACM Government Opportunity by ACM Income Fund, Inc. ("ACM Income" - NYSE: ACG) (the "Acquisition"). It is anticipated that the Acquisition will occur as soon as practicable in early 2007. As a result of the Acquisition, stockholders of ACM Government Opportunity will receive shares of ACM Income equivalent in aggregate net asset value to the shares they held in ACM Government Opportunity. Stockholders participating in ACM Government Opportunity's dividend reinvestment plan will receive full and factional ACM Income shares. Other stockholders will receive cash in lieu of fractional shares. It is anticipated that a final distribution of capital gains for ACM Government Opportunity will be made prior to the Acquisition. ACM Government Opportunity and ACM Income are diversified, closed-end U.S.-registered management investment companies. Both Funds are advised by AllianceBernstein L.P. As of December 8, 2006, the total net assets of ACM Government Opportunity and ACM Income were $112,468,299, and $1,906,078,772, respectively. DATASOURCE: ACM Government Opportunity Fund, Inc. CONTACT: Shareholder Contact: 1-800-221-5672 Web site: http://www.alliancebernstein.com/

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