Salomon Brothers High Income Fund II Inc. ('HIX') Announces Dividends for the Months of September, October and November 2004 and

Salomon Brothers High Income Fund II Inc. ('HIX') Announces
Dividends for the Months of September, October and November 2004 and Sets New
Rate of $0.0950 Per Share 


NEW YORK, Aug. 23  /PRNewswire-FirstCall/ -- The Board of Directors of Salomon
Brothers High Income Fund II Inc., which is listed on the New York Stock
Exchange under the symbol "HIX," has declared a dividend of $0.0950 per share. 
The Fund had previously paid a dividend rate of $0.11500 per share per month
since May 2001. The dividend distribution schedules for the months of
September, October and November 2004 appear below:

                     Ex-Dividend          Record        Payable
  September            9/10/04           9/14/04        9/24/04

  October              10/8/04          10/13/04       10/29/04

  November            11/12/04          11/16/04       11/26/04



In declaring the new rate, the Fund cited the lower investment yields available
in the market due to the prolonged period of lower interest rates. In
particular, the Fund cited the combination of the improving credit quality in
the emerging debt market over the past decade, and the more favorable
environment for US high yield issuers has caused spreads (the difference in
yields) relative to US treasuries to remain firm.

Salomon Brothers High Income Fund II Inc., a diversified investment management
company, is managed by Salomon Brothers Asset Management Inc, an indirect
wholly owned subsidiary of Citigroup Inc.

For more information, call 1-888-777-0102 or 1-800-SALOMON. 

DATASOURCE: Salomon Brothers High Income Fund II Inc.



CONTACT:  Brenda Grandell, Director, Closed-End Funds of Salomon Brothers

High Income Fund II Inc., [phone]

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