Alliance California Municipal Income Fund Releases Monthly Portfolio Update

June 19, 2009

NEW YORK, June 19 /PRNewswire-FirstCall/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of May 31, 2009.

                  Alliance California Municipal Income Fund, Inc.

          Top 10 Fixed-Income Holdings                        Portfolio%

        1)Los Angeles CA USD GO MBIA Series 02E 5.125%,            5.81%
          1/01/27 (Prerefunded)
        2)Los Angeles CA Dept W&P Pwr FGIC Series 01A              5.13%
          5.125%, 7/01/41
        3)California GO 5.25%, 4/01/30 (Prerefunded)               5.10%
        4)Puerto Rico Hwy & Trnsp Auth Series 02D 5                3.72%
          .375%, 7/01/36 (Prerefunded)
        5)Puerto Rico Elec Pwr Auth XLCA Series 02-2 5             3.52%
          .25%, 7/01/31 (Prerefunded)
        6)California Infra & Eco Dev Bk (YMCA of Metro             3.30%
          Los Angeles) AMBAC Series 01 5.25%, 2/01/32
        7)Palo Alto CA Univ Ave AD Series 02A 5.875%, 9/02/30      3.29%
        8)Los Angeles CA Cmnty Redev Agy (Los Angeles              3.27%
          CA Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26
        9)Temecula CA Redev Agy MBIA Series 02 5.25%, 8/01/36      2.69%
       10)California Hlth Fac Fin Auth (Sutter Health)             2.65%
          Series 00A 6.25%, 8/15/35

           Sector/Industry Breakdown                      Portfolio%
            Education                                         15.10%
            Higher Education                                  13.07%
            Special Tax                                       12.14%
            Hospital/Health Care                               7.91%
            Community Facility                                 6.08%
            Corporate - Utility (Water)                        6.05%
            Transportation                                     5.65%
            Housing-Rental Units                               5.32%
            Assessment District                                5.19%
            COP/Lease Rental                                   4.36%
            General Obligation                                 4.33%
            Corporate - Utility (Electric)                     3.52%
            Port Facility                                      2.56%
            Water/SWR                                          2.37%
            Utility                                            2.35%
            Airport Facility                                   1.61%
            Resource Recovery/Solid Waste                      1.55%
            Miscellaneous                                      0.84%
            Total                                            100.00%

           State Breakdown
                                                          Portfolio%
            California                                        89.73%
            Puerto Rico                                        8.83%
            Nevada                                             1.05%
            Ohio                                               0.22%
            Colorado                                           0.17%
            Total                                            100.00%

           Credit Quality Breakdown
                                                          Portfolio%
                    AAA                                       46.26%
                    AA                                        28.24%
                    A                                         15.84%
                    BBB                                        8.21%
                    BB                                         1.45%
                    Total Investments                        100.00%

    Portfolio Statistics
           AMT Percentage:                      16.48%
           Average Coupon:                      5.04%
           Percentage of Leverage:
                  Bank Loans:                   00.0%
                  Investment Operations:        4.43%
                  Preferred Stock:              38.02%
           Total Fund Leverage:                 42.45%*

           Avg. Maturity:                       11.64 Years
           Duration:                            7.33 Years
           Total Net Assets:                    $186.3 Million
           Net Asset Value:                     $13.33
           Number of Holdings:                  67

* The total percentage of leverage constitutes 38.02% in issued and outstanding preferred stock and 4.43% 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.