EXHIBIT 24.2


The General Partner and Unitholders
Alliance Capital Management L.P.:


We consent to incorporation by reference in the registration
statement on Form S-8 of Alliance Capital Management L.P. of our
report dated January 27, 1994, except for Note 12 which is as of
March 7, 1994, relating to the statements of financial condition
of Alliance Capital Management L.P. and subsidiaries as of
December 31, 1993 and 1992, and the related statements of income,
partners' capital and cash flows for each of the years in the
three-year period ended December 31, 1993 which report appears in
the annual report on Form 10-K of Alliance Capital
Management L.P. and our report dated July 8, 1994 relating to the
statement of net assets available for plan benefits of the Profit
Sharing Plan for Employees of Alliance Capital Management L.P. as
of December 31, 1993 and 1992 and the related statement of
changes in net assets available for plan benefits for the years
then ended which report appears in the December 31, 1993 annual
report on Form 11-K of the Profit Sharing Plan For Employees of
Alliance Capital Management L.P.

New York, New York
July 12, 1994


                                            /s/KPMG PEAT MARWICK
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