AllianceBernstein
2
Fourth Quarter 2007 Review
Proprietary - For AllianceBernstein L.P. use only
Certain statements in this presentation and our accompanying oral remarks are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks,
uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied
by such forward-looking statements. The most significant of these factors include, but are not limited to, the following:
the performance of financial markets, the investment performance we achieve for our clients, general economic
conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. We
caution readers to carefully consider our forward-looking statements in light of these factors. Further, these forward-
looking statements speak only as of the date on which such statements are made; we undertake no obligation to update
any forward-looking statements to reflect subsequent events or circumstances. For further information regarding these
forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” in Item 1A of Form
10-K for the year ended December 31, 2006 and in Part II, Item 1A of Form 10-Q for the quarter ended September 30, 2007.
Any or all of the forward-looking statements that we make in Form 10-K, Form 10-Q, this presentation, or any other public
statements we issue may turn out to be wrong. Of course, factors other than those listed in “Risk Factors” could also
adversely affect our revenues, financial condition, results of operations, and business prospects.
The forward-looking statements we make in the oral remarks accompanying this presentation include descriptions of
certain 2008 initiatives. Some or all of these initiatives may not be realized due to management’s subsequent
determination that other activities are a better use of company resources and/or to unanticipated changes in global
regulatory and economic environments.
These forward-looking statements also include our belief that the recent market turmoil that hurt hedge fund performance
has created opportunities for these funds to provide strong returns for our clients in the future. The actual performance
of the capital markets and other factors beyond our control will affect our investment performance for clients and asset
inflows.
Our forward-looking statements also address our ability to control expenses and constrain headcount growth in future
periods, which depends in part on headcount and office space needed in response to the growth, complexity and global
nature of our firm.
Cautions regarding Forward-Looking Statements
