NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of

December 31, 2009.


                  Alliance California Municipal Income Fund, Inc.
    Top 10 Fixed-Income Holdings
                                                                  Portfolio%
    1)Los Angeles CA USD GO NPFGC Series 02E 5.125%,
     1/01/27 (Prerefunded/ETM)                                          5.60%
    2)Los Angeles CA Dept W&P Pwr NPFGC-RE Series 01A
     5.125%, 7/01/41                                                    5.07%
    3)California GO 5.25%, 4/01/30  (Prerefunded/ETM)                   4.93%
    4)Palo Alto CA Univ Ave AD Series 02A 5.875%,
     9/02/30                                                            3.71%
    5)Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%,
     7/01/36 (Prerefunded/ETM)                                          3.61%
    6)Puerto Rico Elec Pwr Auth XLCA Series 02-2
     5.25%, 7/01/31 (Prerefunded/ETM)                                   3.40%
    7)Los Angeles CA Cmnty Redev Agy (Los Angeles CA
     CRA Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26                   3.36%
    8)California Infra & Eco Dev Bk (YMCA of Metro Los
     Angeles) AMBAC Series 01 5.25%, 2/01/32                            3.02%

    9)Los Angeles CA Harbor Dept 5.00%, 8/01/26                         2.96%
    10)Temecula CA Redev Agy NPFGC Series 02 5.25%,
     8/01/36                                                            2.79%




    Sector/Industry Breakdown
                                                            Portfolio%
       Prerefunded/ETM                                           22.50%
       Special Tax                                               13.49%
       Airport/Ports                                              7.96%
       Health Care - Not-for-Profit                               7.92%
       Higher Education                                           6.46%
       Water & Sewer                                              6.23%
       Tax-Supported Local Lease                                  5.80%
       Housing - Multi-Family                                     5.23%
       Revenue - Miscellaneous                                    4.92%
       Assessment District                                        4.76%
       State G.O.                                                 4.14%
       Local G.O.                                                 3.52%
       Toll Roads/Transit                                         1.98%
       Insured                                                    1.61%
       Tax-Supported State Lease                                  1.56%
       Primary/Secondary Ed. - Private                            1.09%
       Higher Education - Private                                 0.73%
       Money Market                                               0.10%
       Total                                                    100.00%




    State Breakdown
                                                            Portfolio%
       California                                                89.98%
       Puerto Rico                                                8.59%
       Nevada                                                     1.07%
       Ohio                                                       0.22%
       Colorado                                                   0.14%
       Total                                                    100.00%




    Credit Quality Breakdown
                                                            Portfolio%
                AAA                                              40.86%
                AA                                               22.44%
                A                                                24.94%
                BBB                                              10.20%
                BB                                                1.46%
                A-1                                               0.10%
                Total Investments                               100.00%




    Portfolio Statistics
       AMT Percentage:                                           16.51%
       Average Coupon:                                            5.00%
       Percentage of Leverage:
          Bank Loans:                                             0.00%
          Investment Operations:                                  3.29%
          Preferred Stock:                                       26.56%
       Total Fund Leverage:                                    29.85%*

       Avg. Maturity:                                      10.21 Years
       Effective Duration:                                  6.86 Years
       Total Net Assets:                                $191.7 Million
       Net Asset Value:                                         $13.95
       Number of Holdings:                                          69

* The total percentage of leverage constitutes 26.56% in issued and outstanding preferred stock and 3.29% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE Alliance California Municipal Income Fund, Inc.