AB Large Cap Growth Fund Advisor Class (APGYX) N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-06730

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: July 31, 2010

Date of reporting period: January 31, 2010

ITEM 1. REPORTS TO STOCKHOLDERS.

SEMI-ANNUAL REPORT

AllianceBernstein Large Cap Growth Fund

January 31, 2010

Semi-Annual Report

Investment Products Offered

• Are Not FDIC Insured

• May Lose Value

• Are Not Bank Guaranteed

The investment return and principal value of an investment in the Fund will fluctuate as the prices of the individual securities in which it invests fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. For a free copy of the Fund’s prospectus, which contains this and other information, visit our web site at www.alliancebernstein.com or call your financial advisor or AllianceBernstein^® at (800) 227-4618. Please read the prospectus carefully before you invest.

You may obtain performance information current to the most recent month-end by visiting www.alliancebernstein.com.

This shareholder report must be preceded or accompanied by the Fund’s prospectus for individuals who are not current shareholders of the Fund.

You may obtain a description of the Fund’s proxy voting policies and procedures, and information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, without charge. Simply visit AllianceBernstein’s web site at www.alliancebernstein.com, or go to the Securities and Exchange Commission’s (the “Commission”) web site at www.sec.gov, or call AllianceBernstein at (800) 227-4618.

The Fund files its complete schedule of portfolio holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Fund’s Forms N-Q are available on the Commission’s web site at www.sec.gov. The Fund’s Forms N-Q may also be reviewed and copied at the Commission’s Public Reference Room in Washington, DC; information on the operation of the Public Reference Room may be obtained by calling (800) SEC-0330. AllianceBernstein publishes full portfolio holdings for the Fund monthly at www.alliancebernstein.com.

AllianceBernstein Investments, Inc. (ABI) is the distributor of the AllianceBernstein family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.

AllianceBernstein^® and the AB Logo are registered trademarks and service marks used by permission of the owner, AllianceBernstein L.P.

March 25, 2010

Semi-Annual Report

This report provides management’s discussion of fund performance for AllianceBernstein Large Cap Growth Fund (the “Fund”) for the semi-annual period ended January 31, 2010.

Investment Objectives and Policies

The Fund’s investment objective is long-term growth of capital. The Fund invests primarily in equity securities of a limited number of large, carefully selected, high-quality US companies. AllianceBernstein L.P. (the “Adviser”) tends to focus on those companies that have strong management, superior industry positions, excellent balance sheets and superior earnings growth prospects. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. For these purposes, “large- capitalization companies” are those that, at the time of investment, have market capitalizations within the range of market capitalizations of companies appearing in the Russell 1000 Growth Index. The Adviser expects that normally the Fund will tend to emphasize investments in securities issued by US companies, although it may invest in foreign securities. The Fund is designed for those seeking to accumulate capital over time with less volatility than that associated with investment in smaller companies. Normally, the Fund invests in about 50-70 companies, with the 25 most highly regarded of these companies usually constituting approximately 70% of the Fund’s net assets. The Fund is thus atypical from most equity

mutual funds in its focus on a relatively small number of intensively researched companies.

Investment Results

The table on page 4 shows the Fund’s performance compared to its benchmark, the Russell 1000 Growth Index, for the six- and 12-month periods ended January 31, 2010.

The Fund’s Class A shares without sales charges outperformed the benchmark for the six-month period ended January 31, 2010, due to the receipt of proceeds of the Enron class action settlement. But for these proceeds, the Fund’s Class A shares without sales charges would have underperformed the benchmark for the six-month period ended January 31, 2010. Energy was the best performing sector in the Fund for the six-month period, and its outperformance versus the benchmark was due to stock selection. The materials sector also added to performance due to stock selection and the Fund’s underweight, coupled with stock selection in the consumer staples sector, modestly added to performance. The financials sector was the largest detractor from the Fund’s relative return for the six-month period. Financials particularly declined amid fears of potentially restrictive regulation, despite generally improving fundamental performance. Stock selection in the information technology, consumer discretionary and industrials sectors also lagged for the period. Individual contributors spanned across sectors.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 1

The Fund’s Class A shares without sales charges outperformed the benchmark for the 12-month period ended January 31, 2010, due to the receipt of proceeds of the Enron class action settlement. But for these proceeds, the Fund’s Class A shares without sales charges would have underperformed the benchmark for the 12-month period ended January 31, 2010. The largest contributors to relative performance came from the energy, materials and financials sectors. In the materials and energy sectors, stock selection drove outperformance, as did the Fund’s overweight in financials. Individual contributors were across sectors. The Fund’s largest detractors from relative performance were in the consumer discretionary and information technology sectors, due to an underweight and stock selections in these sectors. The Fund also lagged the benchmark in the industrials and consumer staples sectors due to stock selection. Consumer staples remains the Fund’s largest underweight as the US Large Cap Growth Investment Team (the “Team”) has been challenged to find companies in the consumer staples sector that have the ability to achieve double-digit earnings growth at attractive valuations.

Market Review and Investment Strategy

2009 was a period of transition in the US stock market. Starting with the same negative tone that had marked 2008, the market abruptly reversed course in March 2009 as investors began seeing the so-called “green shoots” of economic recovery. By the close of 2009, the S&P 500 Stock

Index had come through with an uncharacteristically strong gain that did not continue into the month of January.

Several other transitions took place during 2009. In terms of investment style, the first and fourth quarters favored growth, while value stocks rallied in the middle two periods. This pattern was very much in sync with wholesale shifts in investor attitudes toward risk across styles: first investors shunned risk altogether, then signs of economic recovery prompted them to embrace stocks previously branded as risky and whose prices had plunged most precipitously. By the fourth quarter, however, a more discriminating attitude toward risk was becoming evident.

During the first several months of 2009, the Team believed that global economic growth would exceed consensus expectations. Given the Team’s view that domestic and international fiscal and monetary policy would ease concerns about the financial crisis, the Fund was shifted toward holdings with a higher degree of cyclical exposure: financials and industrials. The Team eliminated the Fund’s large overweight in the health care sector to fund these purchases. This positioning remains largely in place as the Team continues to see an improving economic environment and companies within the financial and industrials sectors with compelling valuations.

2 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

HISTORICAL PERFORMANCE

An Important Note About the Value of Historical Performance

The performance shown on the following pages represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting www.alliancebernstein.com. The investment return and principal value of an investment in the Fund will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost.

Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit us online at www.alliancebernstein.com or contact your AllianceBernstein Investments representative. Please read the prospectus and/or summary prospectus carefully before investing.

All fees and expenses related to the operation of the Fund have been deducted. NAV returns do not reflect sales charges; if sales charges were reflected, the Fund’s quoted performance would be lower. SEC returns reflect the applicable sales charges for each share class: a 4.25% maximum front-end sales charge for Class A shares; the applicable contingent deferred sales charge for Class B shares (4% year 1, 3% year 2, 2% year 3, 1% year 4); a 1% 1 year contingent deferred sales charge for Class C shares. Returns for the different share classes will vary due to different expenses associated with each class. Performance assumes reinvestment of distributions and does not account for taxes.

Benchmark Disclosure

The unmanaged Russell 1000 Growth Index does not reflect fees and expenses associated with the active management of a mutual fund portfolio. The Russell 1000 Growth Index contains those securities in the Russell 1000 Index with a greater-than-average growth orientation. The unmanaged Russell 1000 Index is comprised of 1,000 of the largest capitalized companies that are traded in the United States. An investor cannot invest directly in an index, and its results are not indicative of the performance for any specific investment, including the Fund.

A Word About Risk

The Fund concentrates its investments in a limited number of issues and an investment in the Fund is therefore subject to greater risk and volatility than investments in a more diversified portfolio. Growth investing does not guarantee a profit or eliminate risk. The stocks of these companies can have relatively high valuations. Because of these high valuations, an investment in a growth stock can be more risky than an investment in a company with more modest growth expectations. While the Fund invests principally in common stocks and other equity securities, in order to achieve its investment objectives, the Fund may at times use certain types of investment derivatives, such as options, futures, forwards and swaps. These instruments involve risks different from, and in certain cases, greater than, the risks presented by more traditional investments. These risks are fully discussed in the Fund’s prospectus.

(Historical Performance continued on next page)

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 3

Historical Performance

HISTORICAL PERFORMANCE

(continued from previous page)

THE FUND VS. ITS BENCHMARK PERIODS ENDED JANUARY 31, 2010	Returns
	6 Months	12 Months
AllianceBernstein Large Cap Growth Fund†
Class A	11.67%	38.17%
Class B*	11.24%	36.98%
Class C	11.30%	37.11%
Advisor Class**	11.84%	38.53%
Class R**	11.68%	38.06%
Class K**	11.84%	38.50%
Class I**	12.05%	38.91%
Russell 1000 Growth Index	9.85%	37.85%
†  Includes the impact of proceeds received and credited to the Fund resulting from the class action settlements, which enhanced the Fund’s performance for the six- and 12-month periods ended January 31, 2010, by 4.99% and 5.03%, respectively.
*    Effective January 1, 2010, the Adviser has agreed to waive its fees and bear certain expenses to the extent necessary to limit operating expenses of Class A Shares on an annual basis to 1.25% of daily average net assets for Class A Shares. See Note B for additional information.
**  Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Funds.
Please keep in mind that high, double-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

See Historical Performance and Benchmark disclosures on previous page.

(Historical Performance continued on next page)

4 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Historical Performance

HISTORICAL PERFORMANCE

(continued from previous page)

AVERAGE ANNUAL RETURNS AS OF JANUARY 31, 2010
	NAV Returns		SEC Returns
Class A Shares
1 Year	38.17	%	32.29	%
5 Years	3.89	%	2.98	%
10 Years	-3.99	%	-4.41	%
Class B Shares
1 Year	36.98	%	32.98	%
5 Years	3.07	%	3.07	%
10 Years(a)	-4.57	%	-4.57	%
Class C Shares
1 Year	37.11	%	36.11	%
5 Years	3.13	%	3.13	%
10 Years	-4.69	%	-4.69	%
Advisor Class Shares†
1 Year	38.53	%	38.53	%
5 Years	4.20	%	4.20	%
10 Years	-3.70	%	-3.70	%
Class R Shares†
1 Year	38.06	%	38.06	%
5 Years	3.84	%	3.84	%
Since Inception*	3.88	%	3.88	%
Class K Shares†
1 Year	38.50	%	38.50	%
Since Inception*	4.06	%	4.06	%
Class I Shares†
1 Year	38.91	%	38.91	%
Since Inception*	4.46	%	4.46	%

The Fund’s current prospectus fee table shows the Portfolio’s total annual operating expense ratios as 1.53%, 2.39%, 2.30%, 1.23%, 1.58%, 1.27% and 0.92% for Class A, Class B, Class C, Advisor, Class R, Class K and Class I shares, respectively, gross of any fee waivers or expense reimbursements. Contractual fee waivers and/or expense reimbursements limit the Portfolio’s annual operating expense ratios to 1.25%, 2.39%, 2.30%, 1.23%, 1.58%, 1.27% and 0.92% for Class A, Class B, Class C, Advisor, Class R, Class K and Class I shares, respectively. These waivers/reimbursements extend throughout the Portfolio’s current fiscal year and may be extended by the Adviser for additional one-year terms. Absent reimbursements or waivers, performance would have been lower. The Financial Highlights section of this report sets forth expense ratio data for the current reporting period; the expense ratios shown above may differ from the expense ratios in the Financial Highlights sections since they are based on different time periods.

(a) Assumes conversion of Class B shares into Class A shares after eight years.

* Inception dates: 11/3/03 for Class R shares; 3/1/05 for Class K and Class I shares.

† These share classes are offered at net asset value (NAV) to eligible investors and their SEC returns are the same as the NAV returns. Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Funds. The inception dates for Class R, Class K and Class I shares are listed above.

See Historical Performance disclosures on page 3.

(Historical Performance continued on next page)

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 5

Historical Performance

HISTORICAL PERFORMANCE

(continued from previous page)

SEC AVERAGE ANNUAL RETURNS (WITH ANY APPLICABLE SALES CHARGES) AS OF THE MOST RECENT CALENDAR QUARTER-END (DECEMBER 31, 2009)
	SEC Returns
Class A Shares
1 Year	35.16	%
5 Years	3.51	%
10 Years	-4.21	%
Class B Shares
1 Year	36.03	%
5 Years	3.60	%
10 Years(a)	-4.37	%
Class C Shares
1 Year	39.14	%
5 Years	3.66	%
10 Years	-4.49	%
Advisor Class Shares†
1 Year	41.63	%
5 Years	4.75	%
10 Years	-3.50	%
Class R Shares†
1 Year	41.08	%
5 Year	4.37	%
Since Inception*	5.09	%
Class K Shares†
1 Year	41.55	%
Since Inception*	5.61	%
Class I Shares†
1 Year	42.01	%
Since Inception*	6.02	%

(a) Assumes conversion of Class B shares into Class A shares after eight years.

* Inception dates: 11/3/03 for Class R shares; 3/1/05 for Class K and Class I shares.

† Please note that these share classes are for investors purchasing shares through accounts established under certain fee-based programs sponsored and maintained by certain broker-dealers and financial intermediaries, institutional pension plans and/or investment advisory clients of, and certain other persons associated with, the Adviser and its affiliates or the Funds. The inception dates for Class R, Class K and Class I shares are listed above.

See Historical Performance disclosures on page 3.

6 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Historical Performance

FUND EXPENSES

(unaudited)

As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments, contingent deferred sales charges on redemptions and (2) ongoing costs, including management fees; distribution (12b-1) fees; and other Fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period as indicated below.

Actual Expenses

The table below provides information about actual account values and actual expenses. You may use the information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes

The table below also provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed annual rate of return of 5% before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds by comparing this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), or contingent deferred sales charges on redemptions. Therefore, the hypothetical example is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Beginning Account Value August 1, 2009				Ending Account Value January 31, 2010				Expenses Paid During Period*
	Actual		Hypothetical		Actual		Hypothetical**		Actual		Hypothetical
Class A	$	1,000	$	1,000	$	1,116.74	$	1,017.80	$	7.84	$	7.48
Class B	$	1,000	$	1,000	$	1,112.39	$	1,013.61	$	12.25	$	11.67
Class C	$	1,000	$	1,000	$	1,113.04	$	1,013.91	$	11.93	$	11.37
Advisor Class	$	1,000	$	1,000	$	1,118.37	$	1,019.16	$	6.41	$	6.11
Class R	$	1,000	$	1,000	$	1,116.78	$	1,017.34	$	8.32	$	7.93
Class K	$	1,000	$	1,000	$	1,118.42	$	1,018.90	$	6.67	$	6.36
Class I	$	1,000	$	1,000	$	1,120.51	$	1,020.62	$	4.86	$	4.63

* Expenses are equal to the classes’ annualized expense ratios of 1.47%, 2.30%, 2.24%, 1.20%, 1.56%, 1.25% and 0.91%, respectively, multiplied by the average account value over the period, multiplied by 184/365 (to reflect the one-half year period).

** Assumes 5% return before expenses.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 7

Fund Expenses

PORTFOLIO SUMMARY

January 31, 2010 (unaudited)

PORTFOLIO STATISTICS

Net Assets ($mil): $1,954.4

TEN LARGEST HOLDINGS**

January 31, 2010 (unaudited)

Company	U.S. $ Value		Percent of Net Assets
Apple, Inc.	$	133,128,593	6.8	%
Google, Inc. – Class A		129,535,839	6.6
Alcon, Inc.		110,350,120	5.7
Gilead Sciences, Inc.		91,202,544	4.7
JP Morgan Chase & Co.		91,131,282	4.7
The Goldman Sachs Group, Inc.		91,091,000	4.6
Intel Corp.		74,903,400	3.8
Schlumberger Ltd.		74,710,823	3.8
QUALCOMM, Inc.		63,523,071	3.3
Hewlett-Packard Co.		61,322,796	3.1
	$	920,899,468	47.1	%

* All data are as of January 31, 2010. The Fund’s sector breakdown is expressed as a percentage of total investments and may vary over time.

** Long-term investments.

Please Note: The Fund’s sector breakdown is classified in the above pie chart and throughout this report according to the Russell sector classification scheme. The Russell sector scheme was developed by Russell Investments. Russell classifies index members into industries that most closely describe the nature of its business and its primary economic orientation. Multiple resources are used to obtain overall information about the company. Additional Russell sector scheme information can be found within Russell Index methodology documents available on Russell.com. The “Portfolio of Investments” section of the report reflects more specific industry information and is consistent with the investment restrictions discussed in the Fund’s prospectus.

8 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Portfolio Summary and Ten Largest Holdings

PORTFOLIO OF INVESTMENTS

January 31, 2010 (unaudited)

Company	Shares	U.S. $ Value
COMMON STOCKS – 100.1%
Technology – 31.5%
Communications Technology – 4.9%
Cisco Systems, Inc.(a)	1,422,800	$	31,970,316
QUALCOMM, Inc.	1,620,900		63,523,071
			95,493,387
Computer Services Software & Systems – 8.5%
Google, Inc. – Class A(a)	244,675		129,535,839
Microsoft Corp.	1,303,500		36,732,630
			166,268,469
Computer Technology – 11.9%
Apple, Inc.(a)	692,945		133,128,593
EMC Corp.(a)	2,297,200		38,294,324
Hewlett-Packard Co.	1,302,800		61,322,796
			232,745,713
Production Technology Equipment – 1.4%
KLA-Tencor Corp.	759,700		21,423,540
Lam Research Corp.(a)	170,000		5,611,700
			27,035,240
Semiconductors & Component – 4.8%
Broadcom Corp. – Class A(a)	719,500		19,225,040
Intel Corp.	3,861,000		74,903,400
			94,128,440
			615,671,249
Health Care – 17.7%
Biotechnology – 2.4%
Baxter International, Inc.	555,500		31,991,245
Celgene Corp.(a)	273,150		15,509,457
			47,500,702
Health Care Services – 0.6%
Medco Health Solutions, Inc.(a)	179,935		11,062,404
Medical Services – 7.1%
Alcon, Inc.	708,690		110,350,120
Covidien PLC	555,600		28,091,136
			138,441,256
Pharmaceuticals – 7.6%
Gilead Sciences, Inc.(a)	1,889,425		91,202,544
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)	808,100		45,835,432
Vertex Pharmaceuticals, Inc.(a)	330,200		12,679,680
			149,717,656
			346,722,018

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 9

Portfolio of Investments

Company	Shares	U.S. $ Value
Financial Services – 15.5%
Asset Management & Custodian – 1.3%
Franklin Resources, Inc.	262,793	$	26,024,391
Banks: Diversified – 1.6%
Bank of America Corp.	2,027,800		30,782,004
Diversified Financial Services – 11.3%
The Blackstone Group LP	2,558,100		31,029,753
Credit Suisse Group AG (Sponsored ADR)	175,100		7,560,818
The Goldman Sachs Group, Inc.	612,500		91,091,000
JP Morgan Chase & Co.	2,340,300		91,131,282
			220,812,853
Insurance: Life – 0.4%
Principal Financial Group, Inc.	295,800		6,818,190
Securities Brokerage & Services – 0.9%
CME Group, Inc. – Class A	63,415		18,188,690
			302,626,128
Consumer Discretionary – 10.5%
Auto Parts – 1.6%
Johnson Controls, Inc.	1,100,300		30,621,349
Automobiles – 1.0%
Ford Motor Co.(a)	1,831,800		19,856,712
Cable Television Services – 0.8%
Comcast Corp. – Class A	1,016,400		16,089,612
Diversified Retail – 6.5%
Costco Wholesale Corp.	657,200		37,742,996
Kohl’s Corp.(a)	877,150		44,182,046
Target Corp.	791,400		40,575,078
Wal-Mart Stores, Inc.	80,900		4,322,487
			126,822,607
Entertainment – 0.2%
The Walt Disney Co.	165,800		4,899,390
Hotel/Motel – 0.4%
Hyatt Hotels Corp.(a)	247,900		7,342,798
			205,632,468
Energy – 9.1%
Alternative Energy – 1.1%
Suncor Energy, Inc. (New York)	683,700		21,639,105
Energy Equipment – 0.6%
Vestas Wind Systems A/S (ADR)(a)	625,300		10,949,003
Oil Well Equipment & Services – 5.3%
Cameron International Corp.(a)	703,150		26,480,629
Nabors Industries Ltd.(a)	72,800		1,623,440

10 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Portfolio of Investments

Company	Shares	U.S. $ Value
Schlumberger Ltd.	1,177,290	$	74,710,823
			102,814,892
Oil: Crude Producers – 2.1%
EOG Resources, Inc.	54,400		4,918,848
Noble Energy, Inc.	361,700		26,744,098
Occidental Petroleum Corp.	128,100		10,035,354
			41,698,300
			177,101,300
Producer Durables – 7.7%
Air Transport – 0.1%
FedEx Corp.	22,100		1,731,535
Diversified Manufacturing Operations – 5.6%
Danaher Corp.	608,900		43,445,015
Dover Corp.	373,900		16,032,832
Illinois Tool Works, Inc.	1,124,000		48,995,160
			108,473,007
Engineering & Contracting Services – 0.1%
Quanta Services, Inc.(a)	87,800		1,599,716
Machinery & Engineering – 0.3%
Ingersoll-Rand PLC	188,700		6,125,202
Scientific Instruments: Electrical – 1.6%
Cooper Industries Ltd. – Class A	739,400		31,720,260
			149,649,720
Materials & Processing – 5.6%
Chemicals: Diversified – 0.4%
Dow Chemical Co.	299,500		8,113,455
Chemicals: Specialty – 2.3%
Air Products & Chemicals, Inc.	588,550		44,706,258
Copper – 1.7%
Freeport-McMoRan Copper & Gold, Inc.	497,590		33,184,277
Metals & Minerals: Diversified – 0.6%
Vale SA (Sponsored ADR) – Class B	435,300		11,226,387
Steel – 0.6%
ArcelorMittal (New York)	331,200		12,810,816
			110,041,193
Consumer Staples – 2.5%
Beverage: Brewers & Distillers – 0.5%
Anheuser-Busch InBev NV (ADR)(a)	175,900		8,758,061
Beverage: Soft Drinks – 1.7%
Pepsico, Inc.	558,450		33,294,789

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 11

Portfolio of Investments

Company	Shares	U.S. $ Value
Tobacco – 0.3%
Philip Morris International, Inc.	149,100	$	6,785,541
			48,838,391
Total Common Stocks (cost $1,672,292,252)			1,956,282,467
SHORT-TERM INVESTMENTS – 0.9%
Investment Companies – 0.9%
AllianceBernstein Fixed-Income Shares, Inc. – Government STIF Portfolio, 0.09%(b) (cost $17,765,594)	17,765,594		17,765,594
Total Investments – 101.0% (cost $1,690,057,846)			1,974,048,061
Other assets less liabilities – (1.0)%			(19,658,876	)
Net Assets – 100.0%		$	1,954,389,185

CALL OPTIONS WRITTEN (see Note D)

Description	Contracts(c)	Exercise Price		Expiration Month	U.S. $ Value
Goldman Sachs Group, Inc. (premiums received $121,083)	305	$	165.00	February 2010	$	25,010

(a) Non-income producing security.

(b) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(c) One contract relates to 100 shares.

Glossary:

ADR – American Depositary Receipt

LP – Limited Partnership

See notes to financial statements.

12 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Portfolio of Investments

STATEMENT OF ASSETS & LIABILITIES

January 31, 2010 (unaudited)

Assets
Investments in securities, at value
Unaffiliated issuers (cost $1,672,292,252)	$	1,956,282,467
Affiliated issuers (cost $17,765,594)		17,765,594
Receivable for investment securities sold		13,763,457
Receivable for capital stock sold		5,811,662
Dividends receivable		557,873
Total assets		1,994,181,053
Liabilities
Options written, at value (premium received $121,083)		25,010
Payable for investment securities purchased		26,786,868
Payable for capital stock redeemed		10,176,092
Advisory fee payable		1,124,945
Distribution fee payable		651,832
Transfer Agent fee payable		357,937
Administrative fee payable		34,796
Accrued expenses and other liabilities		634,388
Total liabilities		39,791,868
Net Assets	$	1,954,389,185
Composition of Net Assets
Capital stock, at par	$	94,007
Additional paid-in capital		4,869,123,680
Accumulated net investment loss		(4,018,616	)
Accumulated net realized loss on investment and foreign currency transactions		(3,194,896,174	)
Net unrealized appreciation on investments		284,086,288
	$	1,954,389,185

Net Asset Value Per Share—21 billion shares of capital stock authorized, $.001 par value

Class	Net Assets		Shares Outstanding	Net Asset Value
A	$	1,195,221,029	56,537,921	$	21.14	*
B	$	129,399,321	7,028,719	$	18.41
C	$	212,478,046	11,481,665	$	18.51
Advisor	$	336,242,413	15,205,585	$	22.11
R	$	2,496,274	118,669	$	21.04
K	$	43,820,363	2,044,167	$	21.44
I	$	34,731,739	1,589,816	$	21.85

* The maximum offering price per share for Class A shares was $22.08 which reflects a sales charge of 4.25%.

See notes to financial statements.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 13

Statement of Assets & Liabilities

STATEMENT OF OPERATIONS

Six Months Ended January 31, 2010 (unaudited)

Investment Income
Dividends
Unaffiliated issuers (net of foreign taxes withheld of $135,813)	$	10,751,014
Affiliated issuers		10,957		$	10,761,971
Expenses
Advisory fee (see Note B)		7,106,222
Distribution fee—Class A		1,682,490
Distribution fee—Class B		743,908
Distribution fee—Class C		1,093,419
Distribution fee—Class R		5,543
Distribution fee—Class K		55,280
Transfer agency—Class A		2,140,591
Transfer agency—Class B		355,658
Transfer agency—Class C		464,768
Transfer agency—Advisor Class		612,701
Transfer agency—Class R		2,692
Transfer agency—Class K		39,083
Transfer agency—Class I		18,387
Printing		317,234
Custodian		97,872
Registration fees		94,488
Administrative		57,390
Directors’ fees		25,524
Legal		24,449
Audit		22,004
Miscellaneous		28,013
Total expenses		14,987,716
Less: expenses waived and reimbursed by the Adviser (see Note B)		(207,129	)
Net expenses					14,780,587
Net investment loss					(4,018,616	)
Realized and Unrealized Gain on Investment and Foreign Currency Transactions
Net realized gain on:
Investment transactions					158,887,226	(a)
Options written					236,475
Foreign currency transactions					153
Net change in unrealized appreciation/depreciation of:
Investments					21,697,102
Options written					96,073
Net gain on investment and foreign currency transactions					180,917,029
Net Increase in Net Assets from Operations				$	176,898,413

(a) Includes class action settlement proceeds of $93,071,268.

See notes to financial statements.

14 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Statement of Operations

STATEMENT OF CHANGES IN NET ASSETS

	Six Months Ended January 31, 2010 (unaudited)			Year Ended July 31, 2009
Increase (Decrease) in Net Assets from Operations
Net investment loss	$	(4,018,616	)	$	(5,729,602	)
Net realized gain (loss) on investment and foreign currency transactions		159,123,854			(139,727,163	)
Net change in unrealized appreciation/depreciation of investments		21,793,175			30,385,604
Net increase (decrease) in net assets from operations		176,898,413			(115,071,161	)
Capital Stock Transactions
Net increase (decrease)		60,837,291			(69,922,688	)
Capital Contributions
Proceeds from third party regulatory settlement (see Note E)		8,924,687			332,398
Total increase (decrease)		246,660,391			(184,661,451	)
Net Assets
Beginning of period		1,707,728,794			1,892,390,245
End of period (including accumulated net investment loss of ($4,018,616) and $0, respectively)	$	1,954,389,185		$	1,707,728,794

See notes to financial statements.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 15

Statement of Changes in Net Assets

NOTES TO FINANCIAL STATEMENTS

January 31, 2010 (unaudited)

NOTE A

Significant Accounting Policies

AllianceBernstein Large Cap Growth Fund, Inc. (the “Fund”), organized as a Maryland corporation on July 9, 1992, is registered under the Investment Company Act of 1940 as a diversified, open-end management investment company. The Fund offers Class A, Class B, Class C, Advisor Class, Class R, Class K and Class I shares. Class A shares are sold with a front-end sales charge of up to 4.25% for purchases not exceeding $1,000,000. With respect to purchases of $1,000,000 or more, Class A shares redeemed within one year of purchase may be subject to a contingent deferred sales charge of 1%. Class B shares are currently sold with a contingent deferred sales charge which declines from 4% to zero depending on the period of time the shares are held. Effective January 31, 2009, sales of Class B shares of the Fund to new investors were suspended. Class B shares will only be issued (i) upon the exchange of Class B shares from another AllianceBernstein Fund, (ii) for purposes of dividend reinvestment, (iii) through the Fund’s Automatic Investment Program (the “Program”) for accounts that established the Program prior to January 31, 2009, and (iv) for purchases of additional shares by Class B shareholders as of January 31, 2009. The ability to establish a new Program for accounts containing Class B shares was suspended as of January 31, 2009. Class B shares will automatically convert to Class A shares eight years after the end of the calendar month of purchase. Class C shares are subject to a contingent deferred sales charge of 1% on redemptions made within the first year after purchase. Class R and Class K shares are sold without an initial or contingent deferred sales charge. Advisor Class and Class I shares are sold without an initial or contingent deferred sales charge and are not subject to ongoing distribution expenses. All seven classes of shares have identical voting, dividend, liquidation and other rights, except that the classes bear different distribution and transfer agency expenses. Each class has exclusive voting rights with respect to its distribution plan. The financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) which require management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements and amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Fund.

1. Security Valuation

Portfolio securities are valued at their current market value determined on the basis of market quotations or, if market quotations are not readily available or are deemed unreliable, at “fair value” as determined in accordance with procedures established by and under the general supervision of the Fund’s Board of Directors.

In general, the market value of securities which are readily available and deemed reliable are determined as follows. Securities listed on a national securities exchange (other than securities listed on the NASDAQ Stock Market, Inc.

16 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

(“NASDAQ”)) or on a foreign securities exchange are valued at the last sale price at the close of the exchange or foreign securities exchange. If there has been no sale on such day, the securities are valued at the mean of the closing bid and asked prices on such day. Securities listed on more than one exchange are valued by reference to the principal exchange on which the securities are traded; securities listed only on NASDAQ are valued in accordance with the NASDAQ Official Closing Price; listed put or call options are valued at the last sale price. If there has been no sale on that day, such securities will be valued at the closing bid prices on that day; open futures contracts and options thereon are valued using the closing settlement price or, in the absence of such a price, the most recent quoted bid price. If there are no quotations available for the day of valuation, the last available closing settlement price is used; securities traded in the over-the-counter market (“OTC”) are valued at the mean of the current bid and asked prices as reported by the National Quotation Bureau or other comparable sources; U.S. government securities and other debt instruments having 60 days or less remaining until maturity are valued at amortized cost if their original maturity was 60 days or less; or by amortizing their fair value as of the 61st day prior to maturity if their original term to maturity exceeded 60 days; fixed-income securities, including mortgage backed and asset backed securities, may be valued on the basis of prices provided by a pricing service or at a price obtained from one or more of the major broker/dealers. In cases where broker/dealer quotes are obtained, AllianceBernstein L.P. (the “Adviser”) may establish procedures whereby changes in market yields or spreads are used to adjust, on a daily basis, a recently obtained quoted price on a security; and OTC and other derivatives are valued on the basis of a quoted bid price or spread from a major broker/dealer in such security. Investments in money market funds are valued at their net asset value each day.

Securities for which market quotations are not readily available (including restricted securities) or are deemed unreliable are valued at fair value. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, analysis of the issuer’s financial statements or other available documents. In addition, the Fund may use fair value pricing for securities primarily traded in non-U.S. markets because most foreign markets close well before the Fund values its securities at 4:00 p.m., Eastern Time. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim and may materially affect the value of those securities. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available.

2. Fair Value Measurements

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 17

Notes to Financial Statements

measurement date. The U.S. GAAP disclosure requirements establish a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1—quoted prices in active markets for identical investments

• Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of January 31, 2010:

Investments in Securities	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks
Technology	$	615,671,249	$	—		$	—	$	615,671,249
Health Care		346,722,018		—			—		346,722,018
Financial Services		302,626,128		—			—		302,626,128
Consumer Discretionary		205,632,468		—			—		205,632,468
Energy		166,152,297		10,949,003			—		177,101,300
Producer Durables		149,649,720		—			—		149,649,720
Materials & Processing		110,041,193		—			—		110,041,193
Consumer Staples		48,838,391		—			—		48,838,391
Short-Term Investments		17,765,594		—			—		17,765,594
Total Investments in Securities		1,963,099,058		10,949,003			—		1,974,048,061
Other Financial Instruments*:
Assets		—		—			—		—
Liabilities		—		(25,010	)		—		(25,010	)
Total	$	1,963,099,058	$	10,923,993		$	—	$	1,974,023,051

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

18 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

3. Currency Translation

Assets and liabilities denominated in foreign currencies and commitments under forward currency exchange contracts are translated into U.S. dollars at the mean of the quoted bid and asked prices of such currencies against the U.S. dollar. Purchases and sales of portfolio securities are translated into U.S. dollars at the rates of exchange prevailing when such securities were acquired or sold. Income and expenses are translated into U.S. dollars at rates of exchange prevailing when accrued.

Net realized gain or loss on foreign currency transactions represents foreign exchange gains and losses from sales and maturities of foreign fixed income investments, foreign currency exchange contracts, holding of foreign currencies, currency gains or losses realized between the trade and settlement dates on foreign investment transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains and losses from valuing foreign currency denominated assets and liabilities at period end exchange rates are reflected as a component of net unrealized appreciation or depreciation of investments and foreign currency denominated assets and liabilities.

4. Taxes

It is the Fund’s policy to meet the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its investment company taxable income and net realized gains, if any, to shareholders. Therefore, no provisions for federal income or excise taxes are required. The Fund may be subject to taxes imposed by countries in which it invests. Such taxes are generally based on income and/or capital gains earned or repatriated. Taxes are accrued and applied to net investment income, net realized gains and net unrealized appreciation/depreciation as such income and/or gains are earned.

In accordance with U.S. GAAP requirements regarding accounting for uncertainties in income taxes, management has analyzed the Fund’s tax positions taken on federal and state income tax returns for all open tax years (the current and the prior three tax years) and has concluded that no provision for income tax is required in the Fund’s financial statements.

5. Investment Income and Investment Transactions

Dividend income is recorded on the ex-dividend date or as soon as the Fund is informed of the dividend. Interest income is accrued daily. Investment transactions are accounted for on the date the securities are purchased or sold. Investment gains or losses are determined on the identified cost basis. The Fund amortizes premiums and accretes discounts as adjustments to interest income.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 19

Notes to Financial Statements

6. Class Allocations

All income earned and expenses incurred by the Fund are borne on a pro-rata basis by each outstanding class of shares, based on the proportionate interest in the Fund represented by the net assets of such class, except for class specific expenses which are allocated to the respective class. Realized and unrealized gains and losses are allocated among the various share classes based on respective net assets.

7. Dividends and Distributions

Dividends and distributions to shareholders, if any, are recorded on the ex-dividend date. Income dividends and capital gains distributions are determined in accordance with federal tax regulations and may differ from those determined in accordance with U.S. GAAP. To the extent these differences are permanent, such amounts are reclassified within the capital accounts based on their federal tax basis treatment; temporary differences do not require such reclassification.

NOTE B

Advisory Fee and Other Transactions with Affiliates

Under the terms of the investment advisory agreement, the Fund pays the Adviser an advisory fee at an annual rate of .75% of the first $2.5 billion, .65% of the next $2.5 billion and .60% in excess of $5 billion, of the Fund’s average daily net assets. The fee is accrued daily and paid monthly. Effective January 1, 2010, the Adviser has agreed to waive its fees and bear certain expenses to the extent necessary to limit operating expenses of Class A shares on an annual basis to 1.25% of daily average net assets for Class A shares. This waiver extends through November 1, 2010 and then may be extended by the Adviser for additional one year terms. For the six months ended January 31, 2010, such reimbursement amounted to $207,129.

Pursuant to the investment advisory agreement, the Fund may reimburse the Adviser for certain legal and accounting services provided to the Fund by the Adviser. For the six months ended January 31, 2010, such fee amounted to $57,390.

The Fund compensates AllianceBernstein Investor Services, Inc. (“ABIS”), a wholly-owned subsidiary of the Adviser, under a Transfer Agency Agreement for providing personnel and facilities to perform transfer agency services for the Fund. ABIS may make payments to intermediaries that provide omnibus account services, sub-accounting services and/or networking services. Such compensation retained by ABIS amounted to $1,952,776 for the six months ended January 31, 2010.

AllianceBernstein Investments, Inc. (the “Distributor”), a wholly-owned subsidiary of the Adviser, serves as the distributor of the Fund’s shares. The Distributor has advised the Fund that it has retained front-end sales charges of $9,127

20 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

from the sale of Class A shares and received $15,671, $38,093 and $3,504 in contingent deferred sales charges imposed upon redemptions by shareholders of Class A, Class B and Class C shares, respectively, for the six months ended January 31, 2010.

The Fund may invest in the AllianceBernstein Fixed-Income Shares, Inc. – Government STIF Portfolio, an open-end management investment company managed by the Adviser. The Government STIF Portfolio is offered as a cash management option to mutual funds and other institutional accounts of the Adviser, and is not available for direct purchase by members of the public. The Government STIF Portfolio pays no investment management fees but does bear its own expenses. A summary of the Fund’s transactions in shares of the Government STIF Portfolio for the six months ended January 31, 2010 is as follows:

Market Value July 31, 2009 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value January 31, 2010 (000)		Dividend Income (000)
$	17,073	$	384,687	$	383,994	$	17,766	$	11

Brokerage commissions paid on investment transactions for the six months ended January 31, 2010 amounted to $1,044,281, of which $0 and $0, respectively, was paid to Sanford C. Bernstein & Co. LLC and Sanford C. Bernstein Limited, affiliates of the Adviser.

NOTE C

Distribution Services Agreement

The Fund has adopted a Distribution Services Agreement (the “Agreement”) pursuant to Rule 12b-1 under the Investment Company Act of 1940. Under the Agreement, the Fund pays distribution and servicing fees to the Distributor at an annual rate of up to .50% of the Fund’s average daily net assets attributable to Class A and Class R shares, 1% of the Fund’s average daily net assets attributable to both Class B and Class C shares, and .25% of the Fund’s average daily net assets attributable to Class K shares. There are no distribution and servicing fees on the Advisor Class and Class I shares. The fees are accrued daily and paid monthly. The Directors currently limit payments under the Class A plan to .30% of the Fund’s average daily net assets attributable to Class A shares. The Agreement provides that the Distributor will use such payments in their entirety for distribution assistance and promotional activities. Since the commencement of the Fund’s operations, the Distributor has incurred expenses in excess of the distribution costs reimbursed by the Fund in the amounts of $179,584,395, $17,019,440, $44,446 and $58,073 for Class B, Class C, Class R and Class K shares, respectively. While such costs may be recovered from the Fund in future periods so long as the Agreement is in effect, the rate of the distribution and servicing fees payable under the Agreement may not be increased without a shareholder vote. In accordance with the Agreement, there is no provision for

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 21

Notes to Financial Statements

recovery of unreimbursed distribution costs incurred by the Distributor beyond the current fiscal year for Class A shares. The Agreement also provides that the Adviser may use its own resources to finance the distribution of the Fund’s shares.

NOTE D

Investment Transactions

Purchases and sales of investment securities (excluding short-term investments) for the six months ended January 31, 2010 were as follows:

	Purchases			Sales
Investment securities (excluding U.S. government securities)	$	976,398,136		$	800,762,549
U.S. government securities		– 0	–		– 0	–

The cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes. Accordingly, gross unrealized appreciation and unrealized depreciation (excluding written option) are as follows:

Gross unrealized appreciation	$	317,412,621
Gross unrealized depreciation		(33,422,406	)
Net unrealized appreciation	$	283,990,215

1. Derivative Financial Instruments

The Fund may use derivatives to earn income and enhance returns, to hedge or adjust the risk profile of its portfolio, to replace more traditional direct investments, or to obtain exposure to otherwise inaccessible markets. The Fund may also use derivatives for non-hedging purposes as a means of making direct investment in foreign currencies, as described below under “Currency Transactions”.

The principal type of derivatives utilized by the Fund, as well as the methods in which they may be used are:

• Option Transactions

For hedging and investment purposes, the Fund may purchase and write (sell) put and call options on U.S. and foreign securities and foreign currencies that are traded on U.S. and foreign securities exchanges and over-the-counter markets. The Fund may also use options transactions for non-hedging purposes as a means of making direct investments in foreign currencies, as described below under “Currency Transactions”.

The risk associated with purchasing an option is that the Fund pays a premium whether or not the option is exercised. Additionally, the Fund bears the risk of loss of the premium and change in market value should the counterparty not perform under the contract. Put and call options

22 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

purchased are accounted for in the same manner as portfolio securities. The cost of securities acquired through the exercise of call options is increased by premiums paid. The proceeds from securities sold through the exercise of put options are decreased by the premiums paid.

When the Fund writes an option, the premium received by the Fund is recorded as a liability and is subsequently adjusted to the current market value of the option written. Premiums received from written options which expire unexercised are recorded by the Fund on the expiration date as realized gains from options written. The difference between the premium received and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium received is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium received is added to the proceeds from the sale of the underlying security or currency in determining whether the Fund has realized a gain or loss. If a put option is exercised, the premium received reduces the cost basis of the security or currency purchased by the Fund. In writing an option, the Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. Exercise of an option written by the Fund could result in the Fund selling or buying a security or currency at a price different from the current market value. For the six months ended January 31, 2010, the Fund had the following transactions in written options:

	Number of Contracts		Premium
Options written outstanding as of 7/31/09	—		$	—
Options written	4,690			1,176,436
Options closed	(4,385	)		(1,055,353	)
Options written outstanding as of 1/31/10	305		$	121,083

At January 31, 2010, the Fund had entered into the following derivatives:

	Asset Derivatives			Liability Derivatives
Derivatives Not Accounted for as Hedging Instruments	Statement of Assets and Liabilities Location	Fair Value		Statement of Assets and Liabilities Location	Fair Value
Equity contracts		$	—	Options written, at value	$	25,010
Total					$	25,010

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 23

Notes to Financial Statements

The effect of derivative instruments on the statement of operations for the six months ended January 31, 2010:

Derivatives Not Accounted for as Hedging Instruments	Location of Gain or (Loss) on Derivatives	Realized Gain or (Loss) on Derivatives		Change in Unrealized Appreciation or (Depreciation)
Equity contracts	Net realized gain on options written; Net change in unrealized appreciation/depreciation of options written	$	236,475	$	96,073
Total		$	236,475	$	96,073

2. Currency Transactions

The Fund may invest in non-U.S. Dollar securities on a currency hedged or unhedged basis. The Fund may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives, including forward currency exchange contracts, futures and options on futures, swaps, and options. The Fund may enter into transactions for investment opportunities when it anticipates that a foreign currency will appreciate or depreciate in value but securities denominated in that currency are not held by the Fund and do not present attractive investment opportunities. Such transactions may also be used when the Adviser believes that it may be more efficient than a direct investment in a foreign currency-denominated security. The Fund may also conduct currency exchange contracts on a spot basis (i.e., for cash at the spot rate prevailing in the currency exchange market for buying or selling currencies).

NOTE E

Capital Stock

Each class consists of 3,000,000,000 authorized shares. Transactions in capital shares for each class were as follows:

	Shares				Amount
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31, 2009		Six Months Ended January 31, 2010 (unaudited)			Year Ended July 31, 2009
Class A
Shares sold	10,218,622		7,806,075		$	224,129,336		$	124,333,006
Shares converted from Class B	1,134,605		5,028,719			23,732,441			83,378,664
Shares redeemed	(6,917,924	)	(12,626,403	)		(144,727,796	)		(205,220,348	)
Net increase	4,435,303		208,391		$	103,133,981		$	2,491,322

24 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

	Shares				Amount
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31, 2009		Six Months Ended January 31, 2010 (unaudited)			Year Ended July 31, 2009
Class B
Shares sold	197,769		660,672		$	3,660,585		$	9,297,581
Shares converted to Class A	(1,300,589	)	(5,724,721	)		(23,732,441	)		(83,378,664	)
Shares redeemed	(753,713	)	(2,791,425	)		(13,821,269	)		(40,036,510	)
Net decrease	(1,856,533	)	(7,855,474	)	$	(33,893,125	)	$	(114,117,593	)
Class C
Shares sold	389,326		610,037		$	7,287,472		$	8,575,003
Shares redeemed	(939,432	)	(2,715,622	)		(17,379,407	)		(38,211,657	)
Net decrease	(550,106	)	(2,105,585	)	$	(10,091,935	)	$	(29,636,654	)
Advisor Class
Shares sold	3,497,402		11,700,149		$	78,576,020		$	187,361,860
Shares redeemed	(3,338,119	)	(7,846,392	)		(71,638,791	)		(127,631,869	)
Net increase	159,283		3,853,757		$	6,937,229		$	59,729,991
Class R
Shares sold	44,108		57,331		$	940,041		$	966,594
Shares redeemed	(21,204	)	(28,379	)		(454,079	)		(473,092	)
Net increase	22,904		28,952		$	485,962		$	493,502
Class K
Shares sold	240,931		1,119,711		$	5,017,172		$	19,037,653
Shares redeemed	(203,979	)	(502,609	)		(4,330,691	)		(7,912,867	)
Net increase	36,952		617,102		$	686,481		$	11,124,786
Class I
Shares sold	235,712		517,117		$	5,439,495		$	8,311,358
Shares redeemed	(521,425	)	(554,116	)		(11,860,797	)		(8,319,400	)
Net decrease	(285,713	)	(36,999	)	$	(6,421,302	)	$	(8,042	)

For the six months ended January 31, 2010 and the year ended July 31, 2009, the Fund received $8,924,687 and $332,398, respectively, related to a third-party’s settlement of regulatory proceedings involving allegations of improper trading. These amounts are presented in the Fund’s statement of changes in net assets. Neither the Fund nor its affiliates were involved in the proceedings or the calculation of the payment.

NOTE F

Risks Involved in Investing in the Fund

Foreign Securities Risk—Investing in securities of foreign companies or foreign governments involves special risks which include changes in foreign currency exchange rates and the possibility of future political and economic developments which could adversely affect the value of such securities. Moreover, securities of many foreign companies or foreign governments and their markets may be less

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 25

Notes to Financial Statements

liquid and their prices more volatile than those of comparable U.S. companies or of the U.S. government.

Currency Risk—This is the risk that changes in foreign currency exchange rates may negatively affect the value of the Fund’s investments or reduce the returns of the Fund. For example, the value of the Fund’s investments in foreign currency-denominated securities or currencies may decrease if the U.S. Dollar is strong (i.e., gaining value relative to other currencies) and other currencies are weak (i.e., losing value relative to the U.S. Dollar). Currency markets are generally not as regulated as securities markets. Independent of the Fund’s investments denominated in foreign currencies, the Fund’s positions in various foreign currencies may cause the Fund to experience investment losses due to the changes in exchange rates and interest rates.

Derivatives Risk—The Fund may invest in derivatives such as forwards, options, futures and swaps. These investments may be illiquid, difficult to price, and leveraged so that small changes may produce disproportionate losses for the Fund, and subject to counterparty risk to a greater degree than more traditional investments.

Indemnification Risk—In the ordinary course of business, the Fund enters into contracts that contain a variety of indemnifications. The Fund’s maximum exposure under these arrangements is unknown. However, the Fund has not had prior claims or losses pursuant to these indemnification provisions and expects the risk of loss thereunder to be remote. As such, the Fund has not accrued any liability in connection with these indemnification provisions.

NOTE G

Joint Credit Facility

A number of open-end mutual funds managed by the Adviser, including the Fund, participate in a $140 million revolving credit facility (the “Facility”) intended to provide short-term financing, if necessary, subject to certain restrictions in connection with abnormal redemption activity. Commitment fees related to the Facility are paid by the participating funds and are included in miscellaneous expenses in the statement of operations. The Fund did not utilize the Facility during the six months ended January 31, 2010.

NOTE H

Components of Accumulated Earnings (Deficit)

The tax character of distributions to be paid for the year ending July 31, 2010 will be determined at the end of the current fiscal year.

26 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

As of July 31, 2009, the components of accumulated earnings/(deficit) on a tax basis were as follows:

Accumulated capital and other losses	$	(3,264,436,061	)(a)
Unrealized appreciation/(depreciation)		172,709,147	(b)
Total accumulated earnings/(deficit)	$	(3,091,726,914	)

^(a) On July 31, 2009, the Fund had a net capital loss carryforward of $3,214,914,277 (in which approximately $7,167,895 were attributable to the purchase of net assets of Alliance All-Market Advantage Fund) of which $2,108,399,613 expires in the year 2010, $1,092,156,803 expires in the year 2011, and $14,357,861 expires in the year 2017. To the extent future capital gains are offset by capital loss carryforward, such gains will not be distributed. As a result of the reorganization with Alliance All-Market Advantage Fund into the Fund, various limitations and reductions regarding the future utilization of certain capital loss carryforwards were applied, based on certain provisions in the Internal Revenue Code. The Fund also had $4,574,335,646 of capital loss carryforward for income tax purposes expire during the year. Net capital and currency losses incurred after October 31 and within the taxable year are deemed to arise on the first business day of the Fund’s next taxable year. For the year ended July 31, 2009, the Fund deferred to August 1, 2009, post-October capital losses of $49,521,784.

^(b) The difference between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable primarily to the tax deferral of loss on wash sales and partnership interests.

NOTE I

Legal Proceedings

On October 2, 2003, a purported class action complaint entitled Hindo, et al. v. AllianceBernstein Growth & Income Fund, et al. (“Hindo Complaint”) was filed against the Adviser, Alliance Capital Management Holding L.P. (“Alliance Holding”), Alliance Capital Management Corporation, AXA Financial, Inc., the AllianceBernstein Funds, certain officers of the Adviser (“AllianceBernstein defendants”), and certain other unaffiliated defendants, as well as unnamed Doe defendants. The Hindo Complaint was filed in the United States District Court for the Southern District of New York by alleged shareholders of two of the AllianceBernstein Funds. The Hindo Complaint alleges that certain of the AllianceBernstein defendants failed to disclose that they improperly allowed certain hedge funds and other unidentified parties to engage in “late trading” and “market timing” of AllianceBernstein Fund securities, violating Sections 11 and 15 of the Securities Act, Sections 10(b) and 20(a) of the Exchange Act and Sections 206 and 215 of the Advisers Act. Plaintiffs seek an unspecified amount of compensatory damages and rescission of their contracts with the Adviser, including recovery of all fees paid to the Adviser pursuant to such contracts.

Following October 2, 2003, 43 additional lawsuits making factual allegations generally similar to those in the Hindo Complaint were filed in various federal and state courts against the Adviser and certain other defendants. On September 29, 2004, plaintiffs filed consolidated amended complaints with respect to four claim types: mutual fund shareholder claims; mutual fund derivative claims; derivative claims brought on behalf of Alliance Holding; and claims brought under ERISA by participants in the Profit Sharing Plan for Employees

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 27

Notes to Financial Statements

of the Adviser. All four complaints include substantially identical factual allegations, which appear to be based in large part on the Order of the SEC dated December 18, 2003 as amended and restated January 15, 2004 (“SEC Order”) and the New York State Attorney General Assurance of Discontinuance dated September 1, 2004 (“NYAG Order”).

On April 21, 2006, the Adviser and attorneys for the plaintiffs in the mutual fund shareholder claims, mutual fund derivative claims, and ERISA claims entered into a confidential memorandum of understanding containing their agreement to settle these claims. The agreement will be documented by a stipulation of settlement and will be submitted for court approval at a later date. The settlement amount ($30 million), which the Adviser previously accrued and disclosed, has been disbursed. The derivative claims brought on behalf of Alliance Holding, in which plaintiffs seek an unspecified amount of damages, remain pending.

It is possible that these matters and/or other developments resulting from these matters could result in increased redemptions of the AllianceBernstein Mutual Funds’ shares or other adverse consequences to the AllianceBernstein Mutual Funds. This may require the AllianceBernstein Mutual Funds to sell investments held by those funds to provide for sufficient liquidity and could also have an adverse effect on the investment performance of the AllianceBernstein Mutual Funds. However, the Adviser believes that these matters are not likely to have a material adverse effect on its ability to perform advisory services relating to the AllianceBernstein Mutual Funds.

NOTE J

Subsequent Events

Management has evaluated subsequent events for possible recognition or disclosure in the financial statements through the date the financial statements are issued. Management has determined that there are no material events that would require disclosure in the Fund’s financial statements through this date.

28 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Notes to Financial Statements

FINANCIAL HIGHLIGHTS

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class A
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,
			2009		2008		2007		2006		2005
Net asset value, beginning of period	$  18.93		$  20.08		$  21.60		$  18.56		$  19.15		$  16.28
Income From Investment Operations
Net investment loss(a)	(.04	)(b)	(.04	)	(.13	)	(.12	)	(.19	)	(.14	)(b)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	2.25		(1.11	)	(1.39	)	3.16		(.40	)	3.01
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	2.21		(1.15	)	(1.52	)	3.04		(.59	)	2.87
Net asset value, end of period	$  21.14		$  18.93		$  20.08		$  21.60		$  18.56		$  19.15
Total Return
Total investment return based on net asset value(d)	11.67	%*	(5.73	)%*	(7.04	)%*	16.38	%	(3.08	)%	17.63	%
Ratios/Supplemental Data
Net assets, end of period (000,000’s omitted)	$1,195		$986		$1,042		$1,105		$1,108		$1,349
Ratio to average net assets of:
Expenses, net of waivers/reimbursements	1.47	%(e)	1.53	%	1.48	%(f)	1.45	%(f)	1.54	%(g)	1.50	%
Expenses, before waivers/reimbursements	1.50	%(e)	1.53	%	1.48	%(f)	1.45	%(f)	1.54	%(g)	1.53	%
Net investment loss	(.33	)%(b)(e)	(.25	)%	(.59	)%	(.57	)%	(.92	)%(g)	(.82	)%(b)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 29

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class B
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,
			2009		2008		2007		2006		2005
Net asset value, beginning of period	$  16.55		$  17.70		$  19.20		$  16.62		$  17.28		$  14.80
Income From Investment Operations
Net investment loss(a)	(.11	)	(.16	)	(.28	)	(.25	)	(.30	)	(.25	)(b)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	1.97		(.99	)	(1.22	)	2.83		(.36	)	2.73
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	1.86		(1.15	)	(1.50	)	2.58		(.66	)	2.48
Net asset value, end of period	$  18.41		$  16.55		$  17.70		$  19.20		$  16.62		$  17.28
Total Return
Total investment return based on net asset value(d)	11.24	%*	(6.50	)%*	(7.81	)%*	15.52	%	(3.82	)%	16.76	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$129,399		$147,046		$296,367		$647,523		$1,117,481		$1,559,369
Ratio to average net assets of:
Expenses, net of waivers/reimbursements	2.30	%(e)	2.39	%	2.29	%(f)	2.25	%(f)	2.30	%(g)	2.25	%
Expenses, before waivers/reimbursements	2.30	%(e)	2.39	%	2.29	%(f)	2.25	%(f)	2.30	%(g)	2.28	%
Net investment loss	(1.15	)%(e)	(1.11	)%	(1.43	)%	(1.38	)%	(1.68	)%(g)	(1.57	)%(b)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

30 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class C
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,
			2009		2008		2007		2006		2005
Net asset value, beginning of period	$  16.63		$  17.78		$  19.27		$  16.68		$  17.33		$  14.83
Income From Investment Operations
Net investment loss(a)	(.10	)	(.15	)	(.26	)	(.24	)	(.30	)	(.24	)(b)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	1.98		(1.00	)	(1.23	)	2.83		(.35	)	2.74
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	1.88		(1.15	)	(1.49	)	2.59		(.65	)	2.50
Net asset value, end of period	$  18.51		$  16.63		$  17.78		$  19.27		$  16.68		$  17.33
Total Return
Total investment return based on net asset value(d)	11.30	%*	(6.47	)%*	(7.73	)%*	15.53	%	(3.75	)%	16.86	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$212,478		$200,133		$251,327		$327,551		$396,990		$536,804
Ratio to average net assets of:
Expenses, net of waivers/reimbursements	2.24	%(e)	2.30	%	2.22	%(f)	2.19	%(f)	2.26	%(g)	2.22	%
Expenses, before waivers/reimbursements	2.24	%(e)	2.30	%	2.22	%(f)	2.19	%(f)	2.26	%(g)	2.25	%
Net investment loss	(1.11	)%(e)	(1.01	)%	(1.34	)%	(1.32	)%	(1.65	)%(g)	(1.53	)%(b)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 31

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Advisor Class
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,
			2009		2008		2007		2006		2005
Net asset value, beginning of period	$  19.77		$  20.91		$  22.43		$  19.21		$  19.76		$  16.74
Income From Investment Operations
Net investment income (loss)(a)	(.01	)	.01		(.06	)	(.06	)	(.11	)	(.09	)(b)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	2.35		(1.15	)	(1.46	)	3.28		(.44	)	3.11
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	2.34		(1.14	)	(1.52	)	3.22		(.55	)	3.02
Net asset value, end of period	$  22.11		$  19.77		$  20.91		$  22.43		$  19.21		$  19.76
Total Return
Total investment return based on net asset value(d)	11.84	%*	(5.45	)%*	(6.78	)%*	16.76	%	(2.78	)%	18.04	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$336,242		$297,490		$234,005		$200,076		$151,816		$1,040,894
Ratio to average net assets of:
Expenses, net of waivers/reimbursements	1.20	%(e)	1.23	%	1.18	%(f)	1.14	%(f)	1.22	%(g)	1.20	%
Expenses, before waivers/reimbursements	1.20	%(e)	1.23	%	1.18	%(f)	1.14	%(f)	1.22	%(g)	1.23	%
Net investment income (loss)	(.06	)%(e)	.06	%	(.28	)%	(.26	)%	(.66	)%(g)	(.53	)%(b)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

32 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class R
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,
			2009		2008		2007		2006		2005
Net asset value, beginning of period	$  18.84		$  19.99		$  21.50		$  18.49		$  19.10		$  16.25
Income From Investment Operations
Net investment loss(a)	(.05	)	(.05	)	(.12	)	(.15	)	(.15	)	(.17	)(b)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	2.25		(1.10	)	(1.39	)	3.16		(.46	)	3.02
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	2.20		(1.15	)	(1.51	)	3.01		(.61	)	2.85
Net asset value, end of period	$  21.04		$  18.84		$  19.99		$  21.50		$  18.49		$  19.10
Total Return
Total investment return based on net asset value(d)	11.68	%*	(5.75	)%*	(7.02	)%*	16.28	%	(3.19	)%	17.54	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$2,496		$1,804		$1,336		$1,498		$1,492		$107
Ratio to average net assets of:
Expenses, net of waivers/reimbursements	1.56	%(e)	1.58	%	1.43	%	1.57	%(f)	1.55	%(g)	1.59	%
Expenses, before waivers/reimbursements	1.56	%(e)	1.58	%	1.43	%	1.57	%(f)	1.55	%(g)	1.62	%
Net investment loss	(.43	)%(e)	(.30	)%	(.55	)%	(.70	)%	(.75	)%(g)	(.90	)%(b)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 33

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class K
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,								March 1, 2005(h) to July 31, 2005
			2009		2008		2007		2006
Net asset value, beginning of period	$  19.17		$  20.28		$  21.77		$  18.65		$  19.19		$  17.63
Income From Investment Operations
Net investment income (loss)(a)	(.01	)	.00	(c)	(.08	)	(.05	)	(.05	)	(.04	)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	2.28		(1.11	)	(1.41	)	3.17		(.49	)	1.60
Contributions from Adviser	– 0	–	.00		.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	2.27		(1.11	)	(1.49	)	3.12		(.54	)	1.56
Net asset value, end of period	$  21.44		$  19.17		$  20.28		$  21.77		$  18.65		$  19.19
Total Return
Total investment return based on net asset value(d)	11.84	%*	(5.47	)%*	(6.84	)%*	16.73	%	(2.82	)%	8.85	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$43,820		$38,480		$28,191		$19,494		$1,586		$11
Ratio to average net assets of:
Expenses	1.25	%(e)	1.27	%	1.24	%	1.08	%(f)	1.09	%(g)	1.03	%(e)
Net investment income (loss)	(.11	)%(e)	.02	%	(.36	)%	(.25	)%	(.27	)%(g)	(.48	)%(e)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

34 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Financial Highlights

Selected Data For A Share Of Capital Stock Outstanding Throughout Each Period

	Class I
	Six Months Ended January 31, 2010 (unaudited)		Year Ended July 31,								March 1, 2005(h) to July 31, 2005
			2009		2008		2007		2006
Net asset value, beginning of period	$  19.50		$  20.56		$  21.98		$  18.70		$  19.20		$  17.63
Income From Investment Operations
Net investment income (loss)(a)	.03		.06		.01		.01		(.03	)	(.02	)
Net realized and unrealized gain (loss) on investment and foreign currency transactions	2.32		(1.12	)	(1.43	)	3.27		(.47	)	1.59
Contributions from Adviser	– 0	–	– 0	–	.00	(c)	– 0	–	– 0	–	– 0	–
Net increase (decrease) in net asset value from operations	2.35		(1.06	)	(1.42	)	3.28		(.50	)	1.57
Net asset value, end of period	$  21.85		$  19.50		$  20.56		$  21.98		$  18.70		$  19.20
Total Return
Total investment return based on net asset value(d)	12.05	%*	(5.16	)%*	(6.46	)%*	17.54	%	(2.61	)%	8.90	%
Ratios/ Supplemental Data
Net assets, end of period (000’s omitted)	$34,732		$36,582		$39,318		$84,178		$10,837		$11
Ratio to average net assets of:
Expenses	.91	%(e)	.92	%	.85	%	.85	%(f)	.92	%(g)	.83	%(e)
Net investment income (loss)	.24	%(e)	.37	%	.04	%	.06	%	(.18	)%(g)	(.27	)%(e)
Portfolio turnover rate	44	%	108	%	90	%	87	%	68	%	56	%

See footnote summary on page 36.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 35

Financial Highlights

(a) Based on average shares outstanding.

(b) Net of fees and expenses waived/reimbursed by the Adviser.

(c) Amount is less than $.005.

(d) Total investment return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period, and redemption on the last day of the period. Initial sales charges or contingent deferred sales charges are not reflected in the calculation of total investment return. Total return does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Total investment return calculated for a period of less than one year is not annualized.

(e) Annualized.

(f) Ratios reflect expenses grossed up, where applicable, for expense offset arrangement with the Transfer Agent. For the periods shown below, the net expense ratios were as follows:

	Year Ended July 31,
	2008		2007
Class A	1.47	%	1.43	%
Class B	2.28	%	2.22	%
Class C	2.21	%	2.16	%
Advisor Class	1.17	%	1.11	%
Class R	—		1.55	%
Class K	—		1.06	%
Class I	—		0.83	%

(g) The ratio includes expenses attributable to costs of proxy solicitation.

(h) Commencement of distributions.

* Includes the impact of proceeds received and credited to the Fund resulting from class action settlements, which enhanced the Fund’s performance for the six months ended January 31, 2010 and years ended July 31, 2009 and July 31, 2008 by 4.99%, 16.15% and 0.53%, respectively.

See notes to financial statements.

36 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Financial Highlights

BOARD OF DIRECTORS

William H. Foulk, Jr.⁽¹⁾, Chairman

John H. Dobkin⁽¹⁾

Michael J. Downey⁽¹⁾

D. James Guzy⁽¹⁾

Nancy P. Jacklin⁽¹⁾

Garry L. Moody⁽¹⁾

Marshall C. Turner, Jr.⁽¹⁾

Earl D. Weiner⁽¹⁾

OFFICERS

Robert M. Keith, President and Chief Executive Officer

Philip L. Kirstein, Senior Vice President and Independent Compliance Officer

James G. Reilly⁽²⁾, Vice President

Michael J. Reilly⁽²⁾, Vice President

P. Scott Wallace⁽²⁾, Vice President

Emilie D. Wrapp, Secretary

Joseph J. Mantineo, Treasurer and Chief Financial Officer

Phyllis J. Clarke, Controller

Custodian and Accounting Agent State Street Bank and Trust Company One Lincoln Street Boston, MA 02111   Principal Underwriter AllianceBernstein Investments, Inc. 1345 Avenue of the Americas New York, NY 10105   Transfer Agent AllianceBernstein Investor Services, Inc. P.O. Box 786003 San Antonio, TX 78278-6003 Toll-Free (800) 221-5672 Independent Registered Public Accounting Firm KPMG LLP 345 Park Avenue New York, NY 10154   Legal Counsel Seward & Kissel LLP One Battery Park Plaza New York, NY 10004

(1) Member of the Audit Committee, the Governance and Nominating Committee and the Independent Directors Committee. Mr. Foulk is the sole member of the Fair Value Pricing Committee.

(2) The day-to-day management of, and investment decisions for, the Fund’s portfolio are made by the Adviser’s U.S. Large Cap Growth Investment Team. Messrs. J. Reilly, M. Reilly and Wallace are the investment professionals with the most significant responsibility for the day-to day management of the Fund’s portfolio.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 37

Board of Directors

THE FOLLOWING IS NOT PART OF THE SHAREHOLDER REPORT OR THE FINANCIAL STATEMENTS

SUMMARY OF SENIOR OFFICER’S EVALUATION OF INVESTMENT ADVISORY AGREEMENT¹

The following is a summary of the evaluation of the Investment Advisory Agreement between AllianceBernstein L.P. (the “Adviser”) and the AllianceBernstein Large Cap Growth Fund, Inc. (the “Fund”).² The evaluation of the Investment Advisory Agreement was prepared by Philip L. Kirstein, the Senior Officer of the Fund, for the Directors of the Fund, as required by a September 2004 agreement between the Adviser and the New York State Attorney General (the “NYAG”). The Senior Officer’s evaluation of the Investment Advisory Agreement is not meant to diminish the responsibility or authority of the Board of Directors of the Fund to perform its duties pursuant to Section 15 of the Investment Company Act of 1940 (the “40 Act”) and applicable state law. The purpose of the summary is to provide shareholders with a synopsis of the independent evaluation of the reasonableness of the advisory fees proposed to be paid by the Fund which was provided to the Directors in connection with their review of the proposed approval of the continuance of the Investment Advisory Agreement. The Senior Officer’s evaluation considered the following factors:

1. Advisory fees charged to institutional and other clients of the Adviser for like services;

2. Advisory fees charged by other mutual fund companies for like services;

3. Costs to the Adviser and its affiliates of supplying services pursuant to the advisory agreement, excluding any intra-corporate profit;

4. Profit margins of the Adviser and its affiliates from supplying such services;

5. Possible economies of scale as the Fund grows larger; and

6. Nature and quality of the Adviser’s services including the performance of the Fund.

FUND ADVISORY FEES, NET ASSETS, & EXPENSE RATIOS

The Adviser proposed that the Fund pay the advisory fee set forth in the table below for receiving the services to be provided pursuant to the Investment Advisory Agreement. The fee schedule below, implemented in January 2004 in consideration of the Adviser’s settlement with the NYAG in December 2003, is

1 It should be noted that the information in the fee summary was completed on April 23, 2009 and presented to the Board of Directors on May 5-7, 2009.

2 Future references to the Fund do not include “AllianceBernstein.” References in the fee summary pertaining to performance and expense ratio rankings refer to the Class A shares of the Fund.

38 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

based on a master schedule that contemplates eight categories of funds with almost all funds in each category having the same advisory fee schedule.³

Category	Advisory Fee Based on % of Average Daily Net Assets4	Net Assets 02/28/09 ($MIL)		Fund
Growth	75 bp on 1st $2.5 billion 65 bp on next $2.5 billion 60 bp on the balance	$	1,300.3	Large Cap Growth, Fund, Inc.

The Adviser is reimbursed as specified in the Investment Advisory Agreement for certain clerical, legal, accounting, administrative and other services provided to the Fund. During the Fund’s most recently completed fiscal year, the Adviser received $118,558 (0.01% of the Fund’s average daily net assets) for such services.

Set forth below are the Fund’s total expense ratios, calculated from the beginning of the Fund’s fiscal year through the Fund’s semi-annual period:⁵

Fund	Total Expense Ratio6 (as of 01/31/09)			Fiscal Year
Large Cap Growth Fund, Inc.	Advisor	1.35	%	July 31
	Class A	1.64	%
	Class B	2.47	%
	Class C	2.40	%
	Class R	1.60	%
	Class K	1.30	%
	Class I	0.94	%

I. MANAGEMENT FEES CHARGED TO INSTITUTIONAL AND OTHER CLIENTS

The advisory fees charged to investment companies which the Adviser manages and sponsors are normally higher than those charged to similar sized institutional accounts, including pension plans and sub-advised investment companies. The fee differential reflects, among other things, different services provided to such clients, and different liabilities assumed. Services provided by the Adviser to the Fund that are not provided to non-investment company clients and sub-advised investment companies include providing office space and personnel to serve as Fund Officers, who among other responsibilities make the certifications required under the Sarbanes–Oxley Act of 2002, and coordinating with

3 Most of the AllianceBernstein Mutual Funds, which the Adviser manages, were affected by the Adviser’s settlement with the NYAG.

4 The advisory fee is based on the percentage of the Fund’s net assets and paid on a monthly basis.

5 Semi-annual total expense ratios are unaudited.

6 Annualized.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 39

and monitoring the Fund’s third party service providers such as Fund counsel, auditors, custodians, transfer agents and pricing services. The accounting, administrative, legal and compliance requirements for the Fund are more costly than those for institutional assets due to the greater complexities and time required for investment companies, although as previously noted, a portion of these expenses are reimbursed by the Fund to the Adviser. Also, retail mutual funds managed by the Adviser are widely held. Servicing the Fund’s investors is more time consuming and labor intensive compared to institutional clients since the Adviser needs to communicate with a more extensive network of financial intermediaries and shareholders. The Adviser also believes that it incurs substantial entrepreneurial risk when offering a new mutual fund since establishing a new mutual fund requires a large upfront investment and it may take a long time for the fund to achieve profitability since the fund must be priced to scale from inception in order to be competitive and assets are acquired one account at a time. In addition, managing the cash flow of an investment company may be more difficult than managing that of a stable pool of assets, such as an institutional account with little cash movement in either direction, particularly, if a fund is in net redemption and the Adviser is frequently forced to sell securities to raise cash for redemptions. However, managing a fund with positive cash flow may be easier at times than managing a stable pool of assets. Finally, in recent years, investment advisers have been sued by institutional clients and have suffered reputational damage both by the attendant publicity and outcomes other than complete victories. Accordingly, the legal and reputational risks associated with institutional accounts are greater than previously thought, although still not equal to those related to the mutual fund industry.

Notwithstanding the Adviser’s view that managing an investment company is not comparable to managing other institutional accounts because the services provided are different and legal and reputational risks are greater, it is worth considering information regarding the advisory fees charged to institutional accounts with a similar investment style as the Fund.⁷ In addition to the AllianceBernstein Institutional fee schedule, set forth below is what would have been the effective advisory fee of the Fund had the AllianceBernstein

7 The Adviser has indicated that with respect to institutional accounts with assets greater than $300 million, it will negotiate a fee schedule. Discounts that are negotiated vary based upon each client relationship.

40 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

Institutional fee schedule been applicable to the Fund versus the Fund’s advisory fees based on February 28, 2009 net assets:

Fund	Net Assets 02/28/09 ($MIL)	AllianceBernstein (“AB”) Institutional (“Inst.”) Fee Schedule	Effective AB Inst. Adv. Fee	Fund Advisory Fee
Large Cap Growth Fund, Inc.	$1,300.3	Large Cap Growth 80 bp on 1st $25 million 50 bp on next $25 million 40 bp on next $50 million 30 bp on next $100 million 25 bp on the balance Minimum account size: $25m	0.275%	0.750%

The adviser also manages the AllianceBernstein Variable Products Series Fund, Inc. (“AVPS”), which is available through variable annuity and variable life contracts offered by other financial institutions and offers policyholders the option to utilize certain AVPS portfolios as the investment option underlying their insurance contracts. Set forth below is the fee schedule of the AVPS portfolio that has a substantially similar investment style as the Fund.⁸ Also shown is what would have been the effective advisory fee of the Fund had the AVPS fee schedule been applicable to the Fund:

Fund	AVPS Portfolio	Fee Schedule	Effective AVPS Adv. Fee	Fund Advisory Fee
Large Cap Growth Fund, Inc.	Large Cap Growth Portfolio	0.75% on first $2.5 billion 0.65% on next $2.5 billion 0.60% on the balance	0.750%	0.750%

The Adviser also manages and sponsors retail mutual funds, which are organized in jurisdictions outside the United States, generally Luxembourg and Japan, and sold to non-United States resident investors. The Adviser charges the fees set forth below for American Growth Portfolio, which is a Luxembourg fund that has a somewhat similar investment style as the Fund. It should be noted that Class A shares of the funds are charged an “all-in” fee, which covers investment advisory services and distribution related services, unlike Class I shares, whose fee is for investment advisory services only:

Fund	Fee
American Growth Portfolio
Class A	1.50	%
Class I (Institutional)	0.70	%

The AllianceBernstein Investment Trust Management mutual funds (“ITM”), which are offered to investors in Japan, have an “all-in” fee to compensate the

8 It should be noted that the AVPS portfolio was also affected by the settlement between the Adviser and the NYAG. As a result, the Fund has the same breakpoints in its advisory fee schedule as the AVPS portfolio.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 41

Adviser for investment advisory as well as fund accounting and administrative related services. The fee schedule of the ITM mutual fund that has a somewhat similar investment style as the Fund is as follows:

Fund	ITM Mutual Fund	Fee
Large Cap Growth Fund, Inc.	AllianceBernstein U.S. Large Cap Growth Equity H-Hedged / N-Unhedged	0.95%

The Adviser provides sub-advisory services to certain other investment companies managed by other fund families. The Adviser charges the fees set forth below for each of these sub-advisory relationships. Also shown are what would have been the effective advisory fees of the Fund had the fee schedules of the sub-advisory relationships been applicable to the Fund based on February 28, 2009 net assets and the Fund’s advisory fees:

Fund		Fee Schedule	Effective Sub-Adv. Fee	Fund Advisory Fee
Large Cap Growth Fund, Inc.	Client #1	0.60% on 1st $1 billion 0.55% on the balance	0.588%	0.750%
	Client #2	0.35% on 1st $50 million 0.30% on next $100 million 0.25% on the balance	0.258%	0.750%
	Client #3	0.40% on first $200 million 0.35% on next $300 million 0.25% on the balance	0.296%	0.750%
	Client #4	0.35%	0.350%	0.750%

It is fair to note that the services the Adviser provides pursuant to sub-advisory agreements are generally confined to the services related to the investment process; in other words, they are not as comprehensive as the services provided to the Funds by the Adviser.

II. MANAGEMENT FEES CHARGED BY OTHER MUTUAL FUND COMPANIES FOR LIKE SERVICES.

Lipper, Inc. (“Lipper”), an analytical service that is not affiliated with the Adviser, compared the fees charged to the Fund with fees charged to other investment companies for similar services offered by other investment advisers. Lipper’s analysis included the Fund’s ranking with respect to the proposed

42 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

management fee relative to the median of the Fund’s Lipper Expense Group (“EG”)⁹ at the approximate current asset level of the Fund.¹⁰

Lipper describes an EG as a representative sample of comparable funds. Lipper’s standard methodology for screening funds to be included in an EG entails the consideration of several fund criteria, including fund type, investment classification/objective, load type and similar 12b-1/non-12b-1 service fees, asset (size) comparability, expense components and attributes. An EG will typically consist of seven to twenty funds.

Fund	Contractual Management Fee (%)11	Lipper Exp. Group Median (%)	Rank
Large Cap Growth Fund, Inc.	0.750	0.658	14/18

Lipper also analyzed the Fund’s most recently completed fiscal year total expense ratio in comparison to the Fund’s EG and Lipper Expense Universe (“EU”). The EU¹² is a broader group compared to the EG, consisting of all funds that have the same investment classification/objective and load type as the subject Fund. It should be noted that Lipper uses expense ratio data from financial statements of the most current fiscal year in their database. This has several implications: the total expense ratio of each fund that Lipper uses in their report is based on each fund’s average net assets during its fiscal year. Since funds have different fiscal year ends, the total expense ratios of the funds may cover different twelve month periods, depending on the funds’ fiscal year ends. This is the process that Lipper utilizes but given market conditions during 2008, especially the last three months of 2008, the effects on the funds’ total expense ratio

9 It should be noted that Lipper does not consider average account size when constructing EGs. Funds with relatively small average account sizes tend to have higher transfer agent expense ratio than comparable sized funds that have relatively large average account sizes. Note that there are limitations on Lipper expense category data because different funds categorize expenses differently.

10 The contractual management fee is calculated by Lipper using the Fund’s contractual management fee rate at a hypothetical asset level. The hypothetical asset level is based on the combined net assets of all classes of the Fund, rounded up to the next $25 million. Lipper’s total expense ratio information is based on the most recent annual report except as otherwise noted. A ranking of “1” would mean that the Fund had the lowest effective fee rate in the Lipper peer group.

11 The contractual management fee does not reflect any expense reimbursements made by the Fund to the Adviser for certain clerical, legal, accounting, administrative and other services.

12 Except for asset (size) comparability, Lipper uses the same criteria for selecting an EG when selecting an EU. Unlike the EG, the EU allows for the same adviser to be represented by more than just one fund.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 43

caused by the differences in fiscal year ends may be more pronounced in 2008 compared to other years under more normal market conditions.¹³

Fund	Expense Ratio (%)14	Lipper Exp. Group Median (%)	Lipper Group Rank	Lipper Exp. Universe Median (%)	Lipper Universe Rank
Large Cap Growth Fund, Inc.	1.470	1.178	17/18	1.233	109/128

Based on this analysis, the Fund has a more favorable ranking on a management fee basis than it does on a total expense ratio basis.

III. COSTS TO THE ADVISER AND ITS AFFILIATES OF SUPPLYING SERVICES PURSUANT TO THE MANAGEMENT FEE ARRANGEMENT, EXCLUDING ANY INTRA-CORPORATE PROFIT.

The Adviser utilizes two profitability reporting systems, which operate independently but are aligned with each other, to estimate the Adviser’s profitability in connection with investment advisory services provided to the Fund. The Senior Officer has retained a consultant to provide independent advice regarding the alignment of the two profitability systems as well as the methodologies and allocations utilized by both profitability systems. See Section IV for additional discussion.

IV. PROFIT MARGINS OF THE ADVISER AND ITS AFFILIATES FOR SUPPLYING SUCH SERVICES.

The Fund’s profitability information, prepared by the Adviser for the Board of Directors, was reviewed by the Senior Officer and the consultant. The Adviser’s profitability from providing investment advisory services to the Fund decreased during calendar year 2008, relative to 2007.

In addition to the Adviser’s direct profits from managing the Fund, certain of the Adviser’s affiliates have business relationships with the Fund and may earn a profit from providing other services to the Fund. The courts have referred to this type of business opportunity as “fall-out benefits” to the Adviser and indicated that such benefits should be factored into the evaluation of the total relationship between the Fund and the Adviser. Neither case law nor common business practice precludes the Adviser’s affiliates from earning a reasonable profit on this type of relationship provided the affiliates’ charges and services are competitive and the relationship otherwise complies with the 40 Act restrictions. These affiliates provide transfer agent, distribution and brokerage related services to the Fund and receive transfer agent fees, Rule 12b-1 payments, front-end sales loads,

13 To cite an example, the average net assets and total expense ratio of a fund with a fiscal year end of March 31, 2008 will not be reflective of the market declines that occurred in the second half of 2008, in contrast to a fund with a fiscal year end of December 31, 2008.

14 Most recently completed fiscal year end Class A total expense ratio.

44 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

contingent deferred sales charges (“CDSC”) and brokerage commissions. In addition, the Adviser benefits from soft dollar arrangements which offset expenses the Adviser would otherwise incur.

AllianceBernstein Investments, Inc. (“ABI”), an affiliate of the Adviser, is the Fund’s principal underwriter. ABI and the Adviser have disclosed in the Fund’s prospectus that they may make revenue sharing payments from their own resources, in addition to resources derived from sales loads and Rule 12b-1 fees, to firms that sell shares of the Fund. In 2008, ABI paid approximately 0.04% of the average monthly assets of the AllianceBernstein Mutual Funds or approximately $21 million for distribution services and educational support (revenue sharing payments). During the Fund’s most recently completed fiscal year, ABI received from the Fund $21,544, $11,313,395 and $248,195 in front-end sales charges, Rule 12b-1 and CDSC fees, respectively.

Fees and reimbursements for out of pocket expenses charged by AllianceBernstein Investor Services, Inc. (“ABIS”), the affiliated transfer agent for the Fund, are charged on a per account basis, based on the level of service provided and the class of share held by the account. ABIS also receives a fee per shareholder sub-account for each account maintained by an intermediary on an omnibus basis. During the Fund’s most recently completed fiscal year, ABIS received $4,561,410 in fees from the Fund.¹⁵

The Fund effected brokerage transactions through the Adviser’s affiliate, Sanford C. Bernstein & Co., LLC (“SCB & Co.”) and/or its U.K. affiliate, Sanford C. Bernstein Limited (“SCB Ltd.”), collectively “SCB,” and paid commissions for such transactions during the Portfolios’ most recently completed fiscal year. The Adviser represented that SCB’s profitability from business conducted with the Fund is comparable to the profitability of SCB’s dealings with other similar third party clients. In the ordinary course of business, SCB receives and pays liquidity rebates from electronic communications networks (“ECNs”) derived from trading for its clients, including the Fund. These credits and charges are not being passed onto any SCB client. The Adviser also receives certain soft dollar benefits from brokers that execute agency trades for the Fund and other clients. These soft dollar benefits reduce the Adviser’s cost of doing business and increase its profitability.

15 The fees disclosed are net of any expense offsets with ABIS. An expense offset is created by the interest earned on the positive cash balance that occurs within the transfer agent account as there is a one day lag with regards to money movement from the shareholder’s account to the transfer agent’s account and then the transfer agent’s account to the Fund’s account. During the Fund’s most recently completed fiscal year, the fees paid by the Fund to ABIS were reduced by $242,370 under the offset agreement between the Fund and ABIS.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 45

V. POSSIBLE ECONOMIES OF SCALE

The Adviser has indicated that economies of scale are being shared with shareholders through fee structures,¹⁶ subsidies and enhancement to services. Based on some of the professional literature that has considered economies of scale in the mutual fund industry, it is thought that to the extent economies of scale exist, they may more often exist across a fund family as opposed to a specific fund. This is because the costs incurred by the Adviser, such as investment research or technology for trading or compliance systems can be spread across a greater asset base as the fund family increases in size. It is also possible that as the level of services required to operate a successful investment company has increased over time, and advisory firms make such investments in their business to provide services, there may be a sharing of economies of scale without a reduction in advisory fees.

An independent consultant, retained by the Senior Officer, provided the Board of Directors an update of the Deli¹⁷ study on advisory fees and various fund characteristics. The independent consultant first reiterated the results of his previous two dimensional comparison analysis (fund size and family size) with the Board of Directors.¹⁸ The independent consultant then discussed the results of the regression model that was utilized to study the effects of various factors on advisory fees. The regression model output indicated that the bulk of the variation in fees predicted were explained by various factors, but substantially by fund AUM, family AUM, index fund indicator and investment style. The independent consultant also compared the advisory fees of the AllianceBernstein Mutual Funds to similar funds managed by 19 other large asset managers, regardless of the fund size and each Adviser’s proportion of mutual fund assets to non-mutual fund assets.

VI. NATURE AND QUALITY OF THE ADVISER’S SERVICES, INCLUDING THE PERFORMANCE OF THE FUND

With assets under management of approximately $411 billion as of March 31, 2009, the Adviser has the investment experience to manage and provide non-investment services (described in Section I) to the Fund.

16 Fee structures include fee reductions, pricing at scale and breakpoints in advisory fee schedules.

17 The Deli study was originally published in 2002 based on 1997 data.

18 The two dimensional analysis showed patterns of lower advisory fees for funds with larger asset sizes and funds from larger family sizes compared to funds with smaller asset sizes and funds from smaller family sizes, which according to the independent consultant is indicative of a sharing of economies of scale and scope. However, in less liquid and active markets, such is not the case, as the empirical analysis showed potential for diseconomies of scale in those markets. The empirical analysis also showed diminishing economies of scale and scope as funds surpassed a certain high level of assets.

46 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

The information prepared by Lipper shows the 1, 3, 5 and 10 year performance rankings of the Fund¹⁹ relative to its Lipper Performance Group (“PG”) and Lipper Performance Universe (“PU”)²⁰ for the periods ended January 31, 2009.²¹

	Fund Return (%)	PG Median (%)	PU Median (%)	PG Rank	PU Rank
1 year	-26.69	-37.04	-36.88	1/18	2/147
3 year	-10.90	-12.53	-12.30	4/18	36/129
5 year	-2.30	-3.89	-5.09	2/15	13/117
10 year	-5.98	-4.11	-4.01	11/12	59/73

Set forth below are the 1, 3, 5, 10 year and since inception performance returns of the Fund (in bold)²² versus its benchmark²³. Fund and benchmark volatility and reward-to-variability ratio (“Sharpe Ratio”) information is also shown.²⁴

	Periods Ending January 31, 2009 Annualized Performance
	1 Year (%)	3 Year (%)	5 Year (%)	10 Year (%)	Since Inception (%)	Annualized		Risk Period (Year)
						Volatility (%)	Sharpe (%)
Large Cap Growth Fund, Inc.	-26.69	-10.90	-2.30	-5.98	5.56	19.62	-0.38	10
Russell 1000 Growth Index	-36.44	-11.11	-4.76	-5.29	4.72	18.75	-0.37	10
Inception Date: September 28, 1992

19 The performance rankings are for the Class A shares of the Fund. It should be noted that the performance returns of the Fund shown were provided by the Adviser. Lipper maintains its own database that includes the Fund’s performance returns. Rounding differences may cause the Adviser’s Fund returns to be one or two basis points different from Lipper’s own Fund returns. To maintain consistency, the performance returns of the Fund, as reported by the Adviser, are provided instead of Lipper.

20 The Fund’s PG is identical to the Fund’s EG. The Fund’s PU is not identical to the Fund’s EU as the criteria for including in or excluding a fund from a PU is somewhat different from that of an EU.

21 Note that the current Lipper investment classification/objective dictates the PG and PU throughout the life of the fund even if a fund had a different investment classification/objective at a different point in time.

22 The performance returns and risk measures shown in the table are for the Class A shares of the Fund.

23 The Adviser provided Fund and benchmark performance return information for periods through January 31, 2009.

24 Fund and benchmark volatility and Sharpe Ratio information was obtained through Lipper LANA, a database maintained by Lipper. Volatility is a statistical measure of the tendency of a market price or yield to vary over time. A Sharpe Ratio is a risk adjusted measure of return that divides a fund’s return in excess of the riskless return by the fund’s standard deviation. A fund with a greater volatility would be seen as more risky than a fund with equivalent performance but lower volatility; for that reason, a greater return would be demanded for the more risky fund. A fund with a higher Sharpe Ratio would be viewed as better performing than a fund with a lower Sharpe Ratio.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 47

CONCLUSION:

Based on the factors discussed above the Senior Officer’s conclusion is that the proposed advisory fee for the Fund is reasonable and within the range of what would have been negotiated at arm’s-length in light of all the surrounding circumstances. This conclusion in respect of the Fund is based on an evaluation of all of these factors and no single factor was dispositive.

Dated: May 29, 2009

48 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

THIS PAGE IS NOT PART OF THE SHAREHOLDER REPORT OR THE FINANCIAL STATEMENTS

ALLIANCEBERNSTEIN FAMILY OF FUNDS

Wealth Strategies Funds

Balanced Wealth Strategy

Wealth Appreciation Strategy

Conservative Wealth Strategy*

Tax-Managed Balanced Wealth Strategy

Tax-Managed Wealth Appreciation Strategy

Tax-Managed Conservative Wealth Strategy*

Blended Style Funds

U.S. Large Cap Portfolio

International Portfolio

Tax-Managed International Portfolio

Growth Funds

Domestic

Growth Fund

Large Cap Growth Fund

Small Cap Growth Portfolio

Small/Mid Cap Growth Fund

U.S. Strategic Research Portfolio*

Global & International

Global Growth Fund

Global Thematic Growth Fund

Greater China ‘97 Fund

International Growth Fund

Value Funds

Domestic

Balanced Shares

Focused Growth & Income Fund

Growth & Income Fund

Small/Mid Cap Value Fund

Utility Income Fund

Value Fund

Global & International

Global Real Estate Investment Fund

Global Value Fund

International Value Fund

Taxable Bond Funds

Diversified Yield Fund

Global Bond Fund

High Income Fund

Intermediate Bond Portfolio

Short Duration Portfolio

Municipal Bond Funds

National Arizona California Massachusetts Michigan Minnesota New Jersey New York Ohio Pennsylvania Virginia

Intermediate Municipal Bond Funds

Intermediate California

Intermediate Diversified

Intermediate New York

Closed-End Funds

AllianceBernstein Global High Income Fund

AllianceBernstein Income Fund

AllianceBernstein National Municipal Income Fund

Alliance California Municipal Income Fund

Alliance New York Municipal Income Fund

The Ibero-America Fund*

Retirement Strategies Funds

2000 Retirement Strategy	2020 Retirement Strategy	2040 Retirement Strategy
2005 Retirement Strategy	2025 Retirement Strategy	2045 Retirement Strategy
2010 Retirement Strategy	2030 Retirement Strategy	2050 Retirement Strategy
2015 Retirement Strategy	2035 Retirement Strategy	2055 Retirement Strategy

We also offer Exchange Reserves,** which serves as the money market fund exchange vehicle for the AllianceBernstein mutual funds.

You should consider the investment objectives, risks, charges and expenses of any AllianceBernstein fund/portfolio carefully before investing. For free copies of our prospectuses, which contain this and other information, visit us online at www.alliancebernstein.com or contact your financial advisor. Please read the prospectus carefully before investing.

* Prior to December 31, 2009, Conservative Wealth Strategy was named Wealth Preservation Strategy, and Tax-Managed Conservative Wealth Strategy was named Tax-Managed Wealth Preservation Strategy. U.S. Strategic Research Portfolio was incepted on December 23, 2009. Prior to January 20, 2010, The Ibero-America Fund was named The Spain Fund.

** An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 49

AllianceBernstein Family of Funds

NOTES

50 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

NOTES

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND  • 51

NOTES

52 •  ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

ALLIANCEBERNSTEIN LARGE CAP GROWTH FUND

1345 Avenue of the Americas

New York, NY 10105

800.221.5672

LCG-0152-0110

ITEM 2. CODE OF ETHICS.

Not applicable when filing a semi-annual report to shareholders.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable when filing a semi-annual report to shareholders.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable when filing a semi-annual report to shareholders.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to the registrant.

ITEM 6. SCHEDULE OF INVESTMENTS.

Please see Schedule of Investments contained in the Report to Shareholders included under Item 1 of this Form N-CSR.

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to the registrant.

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable to the registrant.

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Fund’s Board of Directors since the Fund last provided disclosure in response to this item.

ITEM 11. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 12. EXHIBITS.

The following exhibits are attached to this Form N-CSR:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
12 (b) (1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
12 (b) (2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
12 (c)	Certification of Principal Executive Officer and Principal Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Large Cap Growth Fund, Inc.

By:	/s/    ROBERT M. KEITH
	Robert M. Keith President

Date: March 26, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    ROBERT M. KEITH
	Robert M. Keith President

Date: March 26, 2010

By:	/s/    JOSEPH J. MANTINEO
	Joseph J. Mantineo Treasurer and Chief Financial Officer

Date: March 26, 2010