WEA Western Asset Premier Bond Fund

The Western Asset Premier Bond Fund (NYSE: WEA) (CUSIP: 957664105) announced today the declaration of a regular ordinary income dividend of $0.09375 per share, payable on November 30, 2006, to shareholders of record on November 15, 2006. Ex-date will be November 13, 2006. Western Asset Premier Bond Fund is a diversified, closed-end management investment company. The Fund�s investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. Its investment advisor is Western Asset Management Company, a subsidiary of Legg Mason, Inc. For shareholder related questions, please contact Computershare at 866.290.4386. The Western Asset Premier Bond Fund (NYSE: WEA) (CUSIP: 957664105) announced today the declaration of a regular ordinary income dividend of $0.09375 per share, payable on November 30, 2006, to shareholders of record on November 15, 2006. Ex-date will be November 13, 2006. Western Asset Premier Bond Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income and capital appreciation by investing primarily in a diversified portfolio of investment grade bonds. Its investment advisor is Western Asset Management Company, a subsidiary of Legg Mason, Inc. For shareholder related questions, please contact Computershare at 866.290.4386.