Legg Mason Affiliated Closed-End Funds Conference Call

Closed-end funds that are affiliated with Legg Mason and are advised or sub-advised by Western Asset Management have issued manager commentary. The commentary provides the respective manager’s views on the current market and their outlook for 2009.

Portfolio managers from Western Asset Management, a Legg Mason affiliate, participated in the live quarterly update on July 30, 2009. The call featured the following speakers:

• Stephen Walsh – Chief Investment Officer, Market Overview
• Robert Amodeo – Portfolio Manager, Municipals
• Ronald Mass – Portfolio Manager, Mortgage-Backed Securities
• Michael Buchanan – Head of Global Credit, High-Yield Corporate Bonds
• Keith Gardner – Portfolio Manager, Emerging Markets Debt

Investors can access a replay of this call by phone or by visiting our website:

Phone:

        
        
           
        
        
           
        
        
           
        
        
        
        
        
      
      
        
          Dial-in number:
        
        
        
        
        
        
        
        
          USA Toll Free Number:
        
        
          1-800-835-4610
        
      
      
        
        
        
        
        
        
        
        
        
          USA Toll Number
        
        
          1-203-369-3352
        
      
      
        
          Passcode:
        
        
        
        
        
        
        
        
          8562
        
        
        
      
      
        
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
          Entire Call – Option 1
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Steve Walsh – Option 2
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Robert Amodeo – Option 3
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Ron Mass – Option 4
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Michael Buchanan – Option 5
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Keith Gardner – Option 6
        
        
        
      
      
        
        
        
        
        
        
        
        
        
          Important Disclosures – Select Option 7
        
        
        
      
      
        
        
        
           
        
      
      
        
          

Web site:

www.leggmason.com/cef

Replay on the Web site will be provided in its entirety or in segments

based on individual speakers.

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, Inc., including: Western Asset Management Company and Western Asset Management Company Limited.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with $7.2 billion in assets under management as of June 30, 2009.

For more information:

• Please call 1-888-777-0102 or consult the Funds' web site at http://www.leggmason.com/cef

SYMBOLS:

NYSE: EFL; EHI; EMD; ESD; GDF; GFY; HIF; HIO; HIX; IMF; MHF; MHY; MMU; MNP;MTT; PAI; SBW; SCD; WEA

NYSE Alternext US: SBI