the equity securities recommended in the report: AllianceBernstein, Amer Express, Ares Management, Assoc Banc-Corp,

ign borrowing needs fram official sources Source: AllianceBernstein, Public Filings. Second, as shown below, Europe

ign borrowing needs from official sources Source: AllianceBernstein, Public Filings. Second, as shown below, Europe

onable-and far above what the Federal Reserve and financial markets are currently expecting. - The information contained herein reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this publication. AllianceBernstein L.P. makes no representations or warrant