The Salomon Brothers Fund Inc Announces Conversion from Closed-End Investment Company to Open-End Investment Company

The Salomon Brothers Fund Inc (NYSE: SBF) announced
today that the Fund will convert from a closed-end investment company
to an open-end investment company as of the close of business today.
The shareholders of the Fund approved the conversion at a special
meeting held on May 1, 2006.
   Upon conversion, shares of the Fund will be reclassified as Class
O shares, and each shareholder of the Fund will continue to own shares
with the same aggregate net asset value as the shares the shareholder
owned immediately prior to the conversion. The registration statement
for the Class O shares has been declared effective by the Securities
and Exchange Commission. A transaction confirmation will be mailed to
each shareholder.
   The stock transfer records of the Fund as a closed-end investment
company will be permanently closed after the close of business today,
which will be the last day of trading in the Fund's shares. Trading in
the Fund's shares on the New York Stock Exchange will be suspended by
the Exchange before the opening of trading on Monday, July 3, 2006.
   Upon the conversion, Fund shareholders will be able to redeem
their Class O shares at net asset value less a redemption fee equal to
0.75% of the aggregate net asset value of the Class O shares that are
redeemed during the first 12 months following the conversion.
   The Salomon Brothers Fund Inc, a diversified investment management
company, is managed by Salomon Brothers Asset Management Inc, a wholly
owned subsidiary of Legg Mason, Inc.
   For additional information, please contact the Investor Relations
group at 1-888-777-0102, or the Fund's web site at
www.leggmason.com/InvestorServices.

   Note: "Smith Barney," "Salomon Brothers" and "Citi" are service
marks of Citigroup, licensed for use by Legg Mason as the names of
funds and investment advisers. Legg Mason and its affiliates, as well
as the fund's investment manager, are not affiliated with Citigroup.