ALLIANCE CAPITAL MANAGEMENT HOLDING LP
S-8, EX-23.2, 2000-12-07
INVESTMENT ADVICE
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                                                                    EXHIBIT 23.2


INDEPENDENT AUDITORS' CONSENT


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

     We consent to incorporation by reference in the registration statement on
Form S-8 of Alliance Capital Management Holding L.P. (the "Registrant") of our
report dated February 2, 2000 relating to the consolidated statements of
financial condition of the Registrant as of December 31, 1999 and 1998, and the
related consolidated statements of income, changes in partners' capital and
comprehensive income, and cash flows for each of the years in the three-year
period ended December 31, 1999 incorporated herein by reference in the annual
report on Form 10-K of Alliance Holding.

New York, New York
December 7, 2000

                                                                /s/ KPMG, L.L.P.
                                                                ----------------



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