SBF Morgan Stanley Spx Abslt Rtrn Barriernt

Salomon Brothers Fund Inc (NYSE: SBF) as of September 30, 2005 Investment Objective: The Fund's primary investment objectives are growth and conservation of capital. Income receives secondary consideration. -0- *T Portfolio Composition* ---------------------- Common Stocks 97.8% Cash 2.2 Sector Allocations: ------------------ Financials 19.5% Information Technology 16.3 Healthcare 11.3 Consumer Staples 11.2 Consumer Discretionary 10.4 Energy 10.3 Industrials 10.2 Materials 4.8 Telecommunication Services 2.7 Utilities 1.3 Cash 2.2 Top 10 Holdings --------------- General Electric 3.7% Microsoft 3.3 Boeing 2.9 Exxon Mobil Corp 2.7 Barrick Gold Corp. 2.7 Total SA, Sponsored ADR 2.4 Wells Fargo 2.3 Sprint Nextel 2.1 PepsiCo Inc. 2.0 Best Buy Co. Inc. 2.0 *Portfolio holdings and weightings are subject to change at any time. Portfolio Statistics Inception Date: September 24, 1929 Total Net Assets: $1,527.978 million Market Price: $14.08 NAV: $15.40 *T Salomon Brothers Fund Inc, a diversified investment management company, is managed by Salomon Brothers Asset Management, an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at www.sbam.com.