SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-08294 AllianceBernstein Exchange Reserves (Exact name of registrant as specified in charter) AllianceBernstein L.P. 1345 Avenue of the Americas, New York, New York l0105 (Address of Principal Executive Office) (Zip Code) Registrant's Telephone Number, including Area Code: (800) 221-5672 EMILIE D. WRAPP AllianceBernstein L.P. 1345 Avenue of the Americas New York, New York l0105 (Name and address of agent for service) Copies of communications to: Kathleen K. Clarke Seward & Kissel LLP 1200 G Street, N.W. Washington, D.C. 20005 Date of fiscal year end: September 30 Date of reporting period: July 1, 2008 - June 30, 2009 Item 1. Proxy Voting Record. ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-08294 Reporting Period: 07/01/2008 - 06/30/2009 AllianceBernstein Exchange Reserves ===================== ALLIANCEBERNSTEIN EXCHANGE RESERVES ====================== The registrant did not receive any proxy solicitations relating to its portfolio securities and, therefore, did not vote any proxies during the reporting period. ================================ END NP-x REPORT =============================== SIGNATURES Pursuant to the requirements of 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 Exchange Reserves By: Robert M. Keith* ----------------------- Chief Executive Officer Date: August 31, 2009 *By: /s/ Emilie D. Wrapp ------------------- Emilie D. Wrapp Secretary