Prospect Street(R) High Income Portfolio, Inc. Announces Declaration of Regular Distribution

  
    
  
  
    
      Prospect Street® High Income Portfolio, Inc. 
      (NYSE: PHY), a diversified, closed-end investment management company, 
      today announced that its Board of Directors has declared a Regular 
      distribution on its common stock, for the month of January 2008, of $0.0235 
      per share, payable on last business day of the month to holders of 
      record at the close of business ten calendar days prior to such date.
    
    
      The distribution rate is based on an estimation of investment income and 
      may or may not include a return of capital.