EXHIBIT 23.2
INDEPENDENT AUDITORS' CONSENT
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. ("Alliance Capital") of our report
dated February 2, 2000 relating to the consolidated statements of financial
condition as of December 31, 1999, and the related consolidated statements of
income, changes in partners' capital and comprehensive income, and cash flows
for the two-month period ended December 31, 1999, and the consolidated
statements of financial condition of Alliance Capital Management Holding L.P.,
the predecessor to Alliance Capital at December 31, 1999, and the related
consolidated statements of income, changes in partners' capital and
comprehensive income, and cash flows for the ten-month period ended October 29,
1999 (date of reorganization) and the consolidated statements of income,
changes in partners' capital and comprehensive income, and cash flows for each
of the years in the two-year period ended December 31, 1998, which report
appears in the December 31, 1999 annual report on Form 10-K of Alliance Capital
Management L.P.
/s/ KPMG LLP
New York, New York
October 2, 2000
