July 30, 2015

VIA EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Re:	AB Multi-Manager Alternative Fund
	File Nos. 333-197049 and 811-22671
	Post-Effective Amendment No. 2

Dear Commissioners:

Pursuant to Rule 461 under the Securities Act of 1933, AB Multi-Manager Alternative Fund (the “Registrant”) requests acceleration of the effective date of Post-Effective Amendment No. 2 to its Registration Statement on Form N-2 (File No. 333-197049) (the “Amendment”) so that the Amendment is declared effective on July 31, 2015, or as soon as practicable thereafter. Sanford C. Bernstein & Company, LLC and AllianceBernstein Investments, Inc., the principal distributors of the Registrant, hereby join in its request for acceleration of the effectiveness of the Amendment.

If this request is granted, we respectfully request that we be notified by telephone at the time of effectiveness, and that such effectiveness also be confirmed in writing. Please call Diana N. Huffman of Willkie Farr & Gallagher LLP at (212) 728-8813.

The Registrant hereby acknowledges that, if the Securities and Exchange Commission (the “Commission”) (or its staff, acting pursuant to delegated authority) declares the filing effective, such action:

(i) does not foreclose the Commission from taking any action with respect to the filing;

(ii) does not relieve the Registrant from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and

(iii) may not be asserted by the Registrant as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

*            *             *            *

AllianceBernstein Investments, Inc.

1345 Avenue of the Americas, New York, NY 10105 (212) 969-1000    www.alliancebernstein.com/investments

July 30, 2015

Page 2

Very truly yours,

AB Multi-Manager Alternative Fund
By:	/s/ Emilie D. Wrapp
	Name:	Emilie D. Wrapp
	Title:	Secretary
Sanford C. Bernstein & Company, LLC
By:	/s/ David Lesser
	Name:	David Lesser
	Title:	Assistant Secretary
AB Investments, Inc.
By:	/s/ Emilie D. Wrapp
	Name:	Emilie D. Wrapp
	Title:	Assistant Secretary