Western Asset Global Corporate Defined Opportunity Fund Inc. Announces Conference Call

Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) announced today a conference call to update investors on the Fund’s performance and investment activities. The call will be held on Wednesday, May 26, 2010 at 4:15 p.m. (Eastern Time). Michael Buchanan, Head of Global Credit at Western Asset Management, will discuss the Fund’s investment portfolio and market outlook and will conclude with a question and answer session.

Investors can listen to this call by teleconference:

Dial-in information:

        
      
      
        
        
        
           
        
        
           
        
        
        
      
      
        
          Date:
        
        
        
        
        
        
          May 26, 2010
        
      
      
        
        
        
        
        
        
        
           
        
      
      
        
          Time:
        
        
        
        
        
        
          4:15 p.m. (Eastern Time)
        
      
      
        
        
        
        
        
        
        
           
        
      
      
        
          USA Toll Free Number:
        
        
        
        
        
        
          1-800-369-3358
        
      
      
        
        
        
        
        
        
        
           
        
      
      
        
          Pass code:
        
        
        
        
        
        
          Legg Mason
        
      
    
    

A replay of the call will be made available and instructions on how to access the replay will be provided at a future date by press release.

Western Asset Global Corporate Defined Opportunity Fund’s primary investment objective is to provide current income and then to liquidate on or about December 2, 2024. As a secondary investment objective, the Fund will seek capital appreciation. There can be no assurance, however, that the Fund’s investment objectives will be achieved. An investment in the Fund entails a risk of loss and the Fund’s shares may decline in value.

The Fund seeks to achieve its investment objectives by investing, under normal market conditions, at least 80% of its managed assets in a portfolio of U.S. and foreign corporate fixed income securities of varying maturities. Under normal market conditions, the Fund will invest at least 40% of its managed assets in fixed income securities of foreign issuers organized or having a principal place of business outside the United States. GDO expands upon the existing closed-end fund offerings that encompass a range of taxable and tax-exempt investment objectives. Other funds in the Legg Mason-affiliated closed-end fund family include Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO), Western Asset Global High Income Fund Inc. (NYSE: EHI), Western Asset Emerging Markets Income Fund Inc. (NYSE: EMD), Western Asset Emerging Markets Debt Fund Inc. (NYSE: ESD), Western Asset Global Partners Income Fund Inc. (NYSE: GDF), Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY), Western Asset High Income Fund Inc. (NYSE: HIF), Western Asset High Income Opportunity Fund Inc. (NYSE: HIO), Western Asset High Income Fund II Inc. (NYSE: HIX), Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI), Western Asset Inflation Management Fund Inc. (NYSE: IMF), Western Asset Managed High Income Fund Inc. (NYSE: MHY), Western Asset Income Fund (NYSE: PAI), Western Asset Worldwide Income Fund Inc. (NYSE: SBW), and Western Asset Premier Bond Fund (NYSE: WEA).

Tax-exempt funds include Western Asset Intermediate Muni Fund Inc. (NYSE Amex: SBI), Western Asset Municipal High Income Fund Inc. (NYSE: MHF), Western Asset Managed Municipals Fund Inc. (NYSE: MMU), Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT) and Western Asset Municipal Partners Fund Inc. (NYSE: MNP).

Legg Mason Partners Fund Advisor, LLC (“LMPFA”) is the Fund's investment manager. Investment sub-advisory services are provided by Western Asset Management Company (“WAM”) and certain of its affiliates. LMPFA and WAM are both wholly-owned subsidiaries of Legg Mason, Inc.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with over $8.0 billion in assets under management as of March 31, 2010.

For more information please call 1-888-777-0102 or consult the Funds’ web site at www.leggmason.com/cef.