Western Asset Municipal Defined Opportunity Trust Inc. Announces Conference Call

Western Asset Municipal Defined Opportunity Trust Inc. (NYSE: MTT), the most recent addition to the closed-end fund family affiliated with Legg Mason, Inc., announced today a conference call to update investors on the Fund’s performance and investment activities since its successful initial public offering on March 27, 2009. The call will be held on May 19, 2009 at 4:15 p.m. (Eastern time). Robert Amodeo, a municipal portfolio manager from Western Asset Management, will discuss the Fund’s investment portfolio and the municipal market outlook.

Investors can listen to this call by teleconference:

Dial-in information:

        
        
           
        
        
        
      
      
        
          Date:
        
        
        
        
          May 19, 2009
        
      
      
        
          Time:
        
        
        
        
          4:15 (Eastern Time)
        
      
      
        
          USA Toll Free Number:
        
        
        
        
          1-877-917-3611
        
      
      
        
          Passcode:
        
        
        
        
          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 Municipal Defined Opportunity Trust’s primary investment objective is to provide high current income exempt from federal income tax and then to liquidate on or about April 30, 2021 and distribute all of the Fund’s net assets to holders of its common shares. As a secondary objective, the Fund seeks total return. There can be no assurance, however, that the Fund’s investment objectives will be achieved.

The Fund primarily invests in investment grade, income-producing municipal bonds, offering investors access to one of today’s most compelling market sectors.

Following its successful initial offering in March 2009, Western Asset Municipal Defined Opportunity Trust Inc. became the newest addition to the closed-end fund family affiliated with Legg Mason, Inc.

“We are pleased to have launched this Fund with a successful offering in such troubled markets. The experience of the management team combined with a disciplined investment process was a key factor in attracting investors in the Fund,” said Matt Schiffman, Head of Retail Americas for Legg Mason.

It expands 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 LMP Capital and Income Fund Inc. (NYSE: SCD), Western Asset Emerging Markets Floating Rate Fund Inc. (NYSE: EFL), 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 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), and Western Asset Municipal Partners Fund Inc. (NYSE: MNP).

Investment advisory and sub-advisory services are provided by Legg Mason Partners Fund Advisor, LLC and Western Asset Management Company, subsidiaries of Legg Mason, Inc.

Legg Mason is the 6th largest closed-end fund manager in the U.S., with $6.1 billion in assets under management as of March 31, 2009.

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

SYMBOLS:

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

NYSE Amex: SBI