NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. , a registered closed-end investment company, today announced earnings for the Fund''s third fiscal quarter ended July 31, 2009.

Total net assets of the Fund* on July 31, 2009 were $608,352,250, as compared with $598,990,456 on April 30, 2009 and $642,683,156 on July 31, 2008. On July 31, 2009, the net asset value per share of common stock was $12.77 based on 28,662,865 shares of common stock outstanding.

July 31, 2009 April 30, 2009 July 31, 2008 Total Net Assets $608,352,250 $598,990,456 $642,683,156 NAV Per Share $12.77 $12.45 $13.97 Shares Outstanding 28,662,865 28,656,080 28,656,080

For the period May 1, 2009 through July 31, 2009, total net investment income was $7,880,940 or $0.27 per share of common stock. The total net realized and unrealized gain was $8,218,675 or $0.29 per share of common stock for the same period.

Third Quarter Second Quarter Third Quarter Ended Ended Ended July 31, 2009 April 30, 2009 July 31, 2008 Total Net Investment Income $7,880,940 $7,579,616 $7,817,525 Per Share $0.27 $0.26 $0.27 Total Net Realized/ Unrealized Gain/(Loss) $8,218,675 $20,335,348 ($12,015,989) Per Share $0.29 $0.71 ($0.42)

* Total net assets include assets attributable to both common and preferred shares.

AllianceBernstein National Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

AllianceBernstein National Municipal Income Fund, Inc.

CONTACT: Shareholder Contact, 1-800-221-5672