AllianceBernstein Holding (AB) 8-K Financial statements and exhibits

Ex - 99.18

News Release

FOR IMMEDIATE RELEASE

Contacts: Valerie Haertel (Investor Relations)
(212) 969-6414
investor_relations@acml.com John Meyers (Media)
(212) 969-2301
john_meyers@acml.com

ALLIANCE CAPITAL ANNOUNCES FEBRUARY 2002 MONTH-END

ASSETS UNDER MANAGEMENT

New York, NY, March 14, 2002 — Alliance Capital Management Holding L.P. (“Alliance Holding”) (NYSE: AC) and Alliance Capital Management L.P. (“Alliance Capital”) today reported preliminary assets under management of approximately $446 billion at February 28, 2002, compared to $451 billion at January 31, 2002 and $455 billion at February 28, 2001.

Total assets under management (AUM) at February 28, 2002, decreased 1.1% compared to January 31, 2002 and declined 2.0% compared to February 28, 2001.  The one-month decline from January to February 2002 was primarily due to a 4.1% decrease in growth equity AUM, compared to the 4.2% decline in the Russell 1000 Growth Index. The shift that occurred from growth equities to value equities and fixed income during 2001 continued through February 2002.

ALLIANCE CAPITAL MANAGEMENT L.P.

(THE OPERATING PARTNERSHIP)

ASSETS UNDER MANAGEMENT

($ billions)

	At February 28, 2002 (preliminary)								At Jan 31, 2002		At Dec 31, 2001		At Feb 28, 2001
	Retail		Institutional Investment Management		Private Client		Total		Total		Total		Total
Equity
Growth	$	64	$	93	$	5	$	162	$	169	$	175	$	186
Value	20		57		26		103		102		101		92
Total Equity	84		150		31		265		271		276		278
��
Fixed Income	64		76		10		150		149		147		143
Passive	3		28		0		31		31		32		34
Total	$	151	$	254	$	41	$	446	$	451	$	455	$	455

ABOUT ALLIANCE CAPITAL

Alliance Capital is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. Alliance Capital is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. As one of the world’s leading global investment management organizations, Alliance Capital is able to compete for virtually any portfolio assignment in any developed capital market in the world.

Alliance Holding owns approximately 30% of the units of limited partnership interest in Alliance Capital. AXA Financial, Inc. owns approximately 2% of the outstanding Alliance Holding Units and approximately 52% of the outstanding Alliance Capital Units, representing an approximate 53% economic interest in Alliance Capital. AXA Financial, Inc. is a wholly owned subsidiary of AXA, one of the largest global financial services organizations.

Forward-Looking Statements

Certain statements provided by Alliance Capital and Alliance Holding in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.  The most significant of such factors include, but are not limited to, the following: the performance of financial markets, the investment performance of Alliance Capital’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates.  Alliance Capital and Alliance Holding caution readers to carefully consider such factors.  Further, such forward-looking statements speak only as of the date on which such statements are made; Alliance Capital and Alliance Holding undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.