EXHIBIT 25
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/JAMES M. BENSON
-------------------------
James M. Benson
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ALFRED HARRISON
--------------------------
Alfred Harrison
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ JEAN-PIERRE HELLEBUYCK
--------------------------
Jean-Pierre Hellebuyck
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ BENJAMIN D. HOLLOWAY
------------------------
Benjamin D. Holloway
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ CHRISTOPHE DUPONT MADINIER
------------------------------
Christophe Dupont-Madinier
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ JOSEPH J. MELONE
--------------------------
Joseph J. Melone
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ BRIAN S. O'NEIL
--------------------------
Brian S. O'Neil
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ FRANK SAVAGE
-------------------------
Frank Savage
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ PETER G. SMITH
------------------------
Peter G. Smith
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ REBA WHITE WILLIAMS
--------------------------
Reba White Williams
Dated: January 27, 1994
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the person whose signature appears
below hereby revokes all prior powers granted by the undersigned to the extent
inconsistent herewith and constitutes and appoints John D. Carifa, David R.
Brewer, Jr. and Robert H. Joseph, Jr. and each of them, to act severally as
attorneys-in-fact and agents, with power of substitution and resubstitution, of
the undersigned in any and all capacities, solely for the sole purpose of
signing the Registration Statement and any amendments thereto on Form S-8
relating to the Alliance Capital Management L.P. Shields/Regent Retention Unit
Bonus Plan and filing the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, hereby
ratifying and confirming all that said attorneys-in-fact, or their substitute or
substitutes, may do or cause to be done by virtue hereof.
/s/ MADELON DEVOE TALLEY
------------------------
Madelon DeVoe Talley
Dated: January 27, 1994