Legg Mason Affiliated Closed-End Funds Conference Call

Closed-end funds that are affiliated with Legg Mason, Inc. (“Legg Mason”) and are advised or sub-advised by Western Asset Management have issued manager commentary. The commentary provides the respective portfolio manager’s views on the current market and their outlook for 2010.

Portfolio managers from Western Asset Management Company, a Legg Mason affiliate, participated in the live quarterly update on March 5, 2010. The call featured the following speakers:

• Stephen Walsh – Chief Investment Officer, Market Overview
• Robert Amodeo – Portfolio Manager, Municipals
• Ronald Mass - Head of Structured Products, Structured Products
• Michael Buchanan – Head of Credit, Corporate Bonds
• Matthew Duda – Portfolio Manager, Emerging Markets Debt
• Peter Stutz – Portfolio Manager, Treasury Inflation-Protected Securities (TIPS)

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

Phone:

        
        
           
        
        
        
        
           
        
        
        
      
      
        
          Dial-in number:
        
        
        
        
          USA Toll Free Number:
        
        
        
        
          1-888-567-0488
        
      
      
        
        
        
        
        
          USA Toll Number
        
        
        
        
          1-402-998-1841
        
      
      
        
          Passcode:
        
        
        
        
          8561
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          Introduction – Option 1
        
        
        
        
        
      
      
        
        
        
        
        
          Stephen Walsh – Option 2
        
        
        
        
        
      
      
        
        
        
        
        
          Robert Amodeo – Option 3
        
        
        
        
        
      
      
        
        
        
        
        
          Ronald Mass – Option 4
        
        
        
        
        
      
      
        
        
        
        
        
          Michael Buchanan – Option 5
        
        
        
        
        
      
      
        
        
        
        
        
          Matthew Duda – Option 6
        
        
        
        
        
      
      
        
        
        
        
        
          Peter Stutz – Option 7
        
        
        
        
        
      
      
        
        
        
        
        
          Important Disclosures – Option 8
        
        
        
        
        
      
      
        
        
        
        
        
        
        
        
        
           
        
      
      
        
          

Web site:

www.leggmason.com/cef

Replay on the Web site will be provided in its entirety or in segmentsbased on individual speakers.

Investment advisory and sub-advisory services are provided by subsidiaries of Legg Mason, 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 $8.0 billion in assets under management as of December 31, 2009.

All data and commentary provided is for informational purposes only. Legg Mason, Inc. and all of its affiliates do not engage in the sale of shares of the funds. The funds’ common shares are traded on the New York Stock Exchange or the NYSE Amex.

SYMBOLS:

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

NYSE Amex: SBI