Legg Mason Affiliated Closed-End Funds Conference Call

Closed-end funds that are affiliated with Legg Mason and are advised or sub-advised by Western Asset Management and ClearBridge Advisors have issued manager commentary. The commentary provides the respective manager�s views on the current market and their outlook for 2009.

Portfolio managers from Western Asset Management and ClearBridge Advisors, two of Legg Mason�s affiliates, participated in the quarterly update. The call featured the following speakers:

ClearBridge Advisors

Robert Gendelman � Senior Portfolio Manager - LMP Capital and Income Fund (SCD)

Western Asset Management

Stephen Walsh � Chief Investment Officer, Market Overview
Michael Buchanan � Portfolio Manager, High-Yield and Investment Grade Corporate Bonds
Keith Gardner � Portfolio Manager, Emerging Markets Debt
Jeffrey Katz � Research Analyst, Mortgage-Backed Securities
Joseph Deane � Portfolio Manager, Tax-Exempt Securities
Peter Stutz � Portfolio Manager � Inflation-Linked Securities (TIPS)

Investors can access this call by phone or by visiting our website:

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Phone:

Dial-in number: USA Toll Free Number: 1-888-566-0041 USA Toll Number 1-402-998-0492 Passcode: 5381 � Entire Call � Option 1 Steve Walsh � Option 2 Keith Gardner � Option 3 Michael Buchanan � Option 4 Jeffery Katz � Option 5 Joseph Dean � Option 6 Peter Stutz � Option 7 Robert Gendelman � Option 8 Important Disclosures � Select Option 9 �

Web site:

www.Leggmason.com/cef

Replay on the Web site will be provided in its entirety or insegments based on individual speakers.

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, Inc., including: Western Asset Management Company; Legg Mason Partners Fund Advisor, LLC; and Western Asset Management Company Limited.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with $5.9 billion in assets under management as of December 31, 2008.

For more information: