LMP Capital and Income Fund Inc. as of September 30, 2008

  
    
  
  
    
      LMP Capital and Income Fund Inc. (NYSE: SCD) announces its portfolio 
      composition as of September 30, 2008.
    
    
      Investment Objective: The Fund’s 
      Investment objective is total return with an emphasis on income.
    
    
      
        
          
            Portfolio Composition*:
          
        
      
      
        
           
        
      
      
        
          
            Asset Allocation
          
        
      
      
        
          
            Equities
          
        
        
           
        
        
          
            59.0%
          
        
        
        
      
      
        
          
            High Yield
          
        
        
        
        
          
            16.9%
          
        
        
        
      
      
        
          
            Investment Grade
          
        
        
        
        
          
            7.7%
          
        
        
        
      
      
        
          
            Mortgage Backed
          
        
        
        
        
          
            6.3%
          
        
        
        
      
      
        
          
            Government
          
        
        
        
        
          
            1.3%
          
        
        
        
      
      
        
          
            Asset Backed
          
        
        
        
        
          
            0.3%
          
        
        
        
      
      
        
          
            Emerging Market Debt
          
        
        
        
        
          
            0.2%
          
        
        
        
      
      
        
          
            Cash & Other Securities
          
        
        
        
        
          
            8.3%
          
        
        
        
      
      
        
           
        
      
      
        
          
            Equity Sector Allocation**
          
        
      
      
        
          Consumer Discretionary
        
        
        
        
          12.4%
        
        
        
      
      
        
          Consumer Staples
        
        
        
        
          7.7%
        
        
        
      
      
        
          Energy
        
        
        
        
          17.8%
        
        
        
      
      
        
          Financials
        
        
        
        
          11.8%
        
        
        
      
      
        
          Health Care
        
        
        
        
          13.8%
        
        
        
      
      
        
          Industrials
        
        
        
        
          18.5%
        
        
        
      
      
        
          Information Technology
        
        
        
        
          5.2%
        
        
        
      
      
        
          Materials
        
        
        
        
          5.3%
        
        
        
      
      
        
          Telecommunication Services
        
        
        
        
          2.1%
        
        
        
      
      
        
          Utilities
        
        
        
        
          5.4%
        
        
        
      
      
        
           
        
      
      
        
          
            Top Ten Equity Holdings
          
        
      
      
        
          General Electric Co.
        
        
        
        
          2.8%
        
        
        
      
      
        
          Covanta Holdings Corp.
        
        
        
        
          2.2%
        
        
        
      
      
        
          Crosstex Energy Inc.
        
        
        
        
          2.1%
        
        
        
      
      
        
          JPMorgan Chase and Co.
        
        
        
        
          2.1%
        
        
        
      
      
        
          Assa Abloy
        
        
        
        
          1.9%
        
        
        
      
      
        
          Kimberly Clark Corp.
        
        
        
        
          1.8%
        
        
        
      
      
        
          Time Warner Inc.
        
        
        
        
          1.6%
        
        
        
      
      
        
          Charles Schwab Corp.
        
        
        
        
          1.6%
        
        
        
      
      
        
          Total SA
        
        
        
        
          1.6%
        
        
        
      
      
        
          Kraft Foods Inc.
        
        
        
        
          1.6%
        
        
        
      
      
        
           
        
      
      
        
          
            Fixed Income Credit Quality 
            Allocation (Higher of S&P/Moody/Fitch)***
          
        
      
      
        
          Aaa/AAA
        
        
        
        
          22.3%
        
        
        
      
      
        
          Aa/AA
        
        
        
        
          4.8%
        
        
        
      
      
        
          A/A
        
        
        
        
          8.7%
        
        
        
      
      
        
          Baa/BBB
        
        
        
        
          11.7%
        
        
        
      
      
        
          Ba/BB
        
        
        
        
          17.2%
        
        
        
      
      
        
          B/B
        
        
        
        
          28.6%
        
        
        
      
      
        
          Caa/CCC
        
        
        
        
          5.9%
        
        
        
      
      
        
          NR
        
        
        
        
          0.8%
        
        
        
      
      
        
           
        
      
      
        
          
            Top Five Fixed Income High Yield 
            Industries***
          
        
      
      
        
          Communications
        
        
        
        
          9.2%
        
        
        
      
      
        
          Consumer Cyclical
        
        
        
        
          8.8%
        
        
        
      
      
        
          Electric
        
        
        
        
          6.8%
        
        
        
      
      
        
          Consumer Non Cyclical
        
        
        
        
          6.7%
        
        
        
      
      
        
          Capital Goods
        
        
        
        
          6.1%
        
        
        
      
      
        
           
        
      
      
        
          
            Fixed Income - Statistics ****
          
        
      
      
        
          
            Average Life (years)
          
        
        
        
        
          
            8.4
          
        
        
        
      
      
        
          
            Effective Duration (years)
          
        
        
        
        
          
            3.2
          
        
        
        
      
      
        
          
            Average Credit Rating (S&P)
          
        
        
        
        
          
            BBB-
          
        
        
        
      
      
        
           
        
      
      
        
          
            Portfolio Statistics:
          
        
      
      
        
           
        
      
      
        
          Inception Date
        
        
        
        
          3/25/1994
        
        
        
      
      
        
          Inception Price
        
        
        
        
          $20.00
        
        
        
      
      
        
          Total Net Assets
        
        
        
        
          $428,115,073
        
        
        
      
      
        
          Market Price
        
        
        
        
          $11.56
        
        
        
      
      
        
          NAV
        
        
        
        
          $14.29
        
        
        
      
      
        
          (Daily NAV is available on market quotation systems using the symbol 
          XSCDX.)
        
      
      
        
           
        
      
      
        
          Distribution Rate*****
        
        
        
        
          $0.14 per share
        
        
        
      
      
        
          Frequency Monthly
        
        
        
        
          (Declared quarterly, paid monthly)
        
      
      
        
          Leverage******
        
        
        
        
          28.42%
        
        
        
      
    
    
      * Portfolio holdings and weightings are historical and are presented 
      here for informational purposes only. They are subject to change at any 
      time.
    
    
      ** Percentage based on equity portion of the total portfolio.
    
    
      *** Percentage based on the fixed income portion of the total portfolio.
    
    
      **** Average Life, Effective Duration and Average Credit Quality are 
      based solely on the fixed income portion of the total portfolio.
    
    
      ***** Pursuant to its managed distribution policy, the Fund intends to 
      make regular monthly distributions to shareholders of its common stock 
      at a fixed rate per common share, which may be adjusted from time to 
      time by the Fund's Board of Directors. Under the Fund's managed 
      distribution policy, if, for any monthly distribution, the total of net 
      investment income and net realized capital gain is less than the amount 
      of the distribution, the difference will be distributed from the Fund's 
      assets (and will constitute a "return of capital"). The Board of 
      Directors may terminate the managed distribution policy at any time, 
      including when certain events would make part of any return of capital 
      taxable to shareholders. Any such termination could have an adverse 
      effect on the market price for the Fund's shares.
    
    
      ****** The Fund may employ leverage in the form of loans, preferred 
      stock, reverse repurchase agreements and/or other instruments. If the 
      Fund establishes a segregated account in which it maintains cash and/or 
      liquid securities equal in value to its obligation in respect of the 
      reverse repurchase agreements (or other instruments), these investments 
      are not considered to be a borrowing or a "senior security" for purposes 
      of the asset coverage requirements under the 1940 Act, although they may 
      have the same economic effect as other types of leverage.
    
    
      LMP Capital and Income Fund Inc., a non-diversified closed-end 
      investment management company traded on the New York Stock Exchange 
      under the symbol “SCD,” 
      is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned 
      subsidiary of Legg Mason, Inc. and is sub-advised by ClearBridge 
      Advisors, LLC, Western Asset Management Company, and Western Asset 
      Management Company Limited, affiliates of the adviser.
    
    
      Past performance is no guarantee of future results. An investment in the 
      Fund involves risk, including loss of principal. Investment return and 
      the value of shares will fluctuate.
    
    
      For more information, please call Fund Investor Relations at 
      888-777-0102, or consult the Fund’s web site 
      at www.leggmason.com/cef.