Bruce calvert alliance capital corporation

The appointment gives Sanders, 56, day-to-day responsibility to run the firm, a job Bruce W. Calvert has held the last four years.

“Regulators are looking into whether Bruce W. Calvert, Alliance's chairman, was aware of the arrangement.” ” 'There were certainly others at the company who.

Bruce W. Calvert, currently Alliance's Chairman and Chief Executive Officer, will continue as Chairman.

Bruce Calvert is making room at the top.

Regulators are looking into whether Bruce W. Calvert, Alliance's chairman, was aware of the arrangement.

Bruce W. Calvert, currently Alliance's Chairman and Chief Executive Officer, will continue as Chairman.!

December 28, 2004 Mr. Bruce W. Calvert Alliance Capital Management Corporation New York, NY 10105 Dear Bruce:

Exhibit 10.1

December 28, 2004

Xx.

Xxxxx X. Xxxxxxx

Alliance Capital

Management Corporation

0000 Xxxxxx xx xxx Xxxxxxxx

Xxx Xxxx, XX 00000

Dear Xxxxx:

This letter sets forth the terms of your agreement with Alliance Capital Management Corporation (the “Company”) and Alliance Capital Management L.P.

(the “Partnership”).

1.Position and Responsibilities. (a) You will serve as Chairman (“Chairman”) of the Board of Directors of the Company (the “Board”) until December 31, 2004, in which capacity you will report to the Board.

(b) Until March 31, 2009 (the “Expiration Date”) or such earlier date that your employment terminates in accordance with the terms of this agreement (the “Employment Term”), you will serve as an executive adviser to the Chief Executive Officer (“CEO”) of the Partnership.

As such, you will devote your best efforts and energies