Citigroup Closed-End Funds Issue Statement

Citigroup Closed-End Funds Issue Statement 


NEW YORK, July 22  /PRNewswire-FirstCall/ -- The following Citigroup closed-end
funds -- Citigroup Investments Corporate Loan Fund Inc., High Income
Opportunity Fund Inc., Intermediate Muni Fund, Inc., Managed High Income
Portfolio Inc., Managed Municipals Portfolio Inc., Municipal High Income Fund
Inc., Real Estate Income Fund Inc., Zenix Income Fund Inc., Salomon Brothers
Capital and Income Fund Inc., Salomon Brothers Emerging Markets Debt Fund Inc.,
Salomon Brothers Emerging Markets Floating Rate Fund Inc., Salomon Brothers
Emerging Markets Income Fund Inc., Salomon Brothers Emerging Markets Income
Fund II Inc., Salomon Brothers Global High Income Fund Inc., Salomon Brothers
Global Partners Fund Inc., Salomon Brothers Inflation Management Fund Inc.,
Salomon Brothers Municipal Partners Fund Inc., Salomon Brothers Municipal
Partners Fund II Inc., The Salomon Brothers Fund Inc., Salomon Brothers High
Income Fund Inc., Salomon Brothers High Income Fund II Inc., Salomon Brothers
2008 Worldwide Dollar Government Term Trust Inc., and Salomon Brothers
Worldwide Income Fund Inc. -- today issued the following statement:

Citigroup has been notified by the Staff of the Securities and Exchange
Commission (SEC) that the Staff is considering recommending a civil injunctive
action and/or an administrative proceeding against Citigroup Asset Management
(CAM), including its applicable investment advisory companies and Citicorp
Trust Bank (CTB), an internal transfer agent, relating to the creation and
operation of the internal transfer agent unit to serve certain CAM-managed
funds.  CTB did not provide services to the Funds whose symbols are listed
below. This notification arises out of a previously disclosed investigation by
the SEC and the U.S. Attorney and relates to CTB's entry in 1999 into the
transfer agency business, CAM's retention of, and agreements with an
unaffiliated sub transfer agent, the adequacy of the disclosures made to the
fund boards that approved the transfer agency arrangements, (including CAM's
failure to disclose a related revenue guarantee agreement benefiting CAM and
its affiliates), and CAM's operation of and compensation for the transfer
agency business. The revenue guarantee described above was terminated in 1999
and CAM will be paying the applicable funds, primarily through fee waivers, a
total of approximately $17 million (plus interest) that is the amount of the
revenue received by Citigroup relating to the revenue guarantee. Citigroup is
cooperating fully in the investigation and will seek to resolve the matter in
discussions with the SEC Staff. Although there can be no assurance, Citigroup
Asset Management does not believe that this matter will have a material adverse
affect on the Funds whose symbols are listed below.

Symbols:  EDF, EFL, EHI, EMD, ESD, HIF, HIO, HIX, GDF, IMF, MHF, MHY, MMU, MNP,
MPT, RIT, SBF, SBG, SBI, SBW, SCD, TLI, ZIF 

(EDF EFL EHI EMD ESD HIF HIO HIX GDF IMF MHF MHY MMU MNP MPT RIT SBF SBG

     SBI SBW SCD TLI ZIF)

DATASOURCE: Citigroup Asset Management



CONTACT:  Brenda Grandell, Director, Closed-End Funds, [phone],

or Edward Giltenan, Head of Public Relations, [phone], both of

Citigroup Asset Management

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