High Income Opportunity Fund Inc. Announces Dividend Schedule for the Months of April, May and June 2004

High Income Opportunity Fund Inc. Announces Dividend Schedule for the Months of
April, May and June 2004 


NEW YORK, March 16  /PRNewswire-FirstCall/ -- High Income Opportunity Fund Inc.,
which is listed on the New York Stock Exchange under the symbol "HIO," announced
a dividend from ordinary income of $0.0500 per share for the months of April,
May and June 2004. The dividend distribution schedule appears below:

                Ex-date          Record         Payable
   April        04/23/04        04/27/04       04/30/04
   May          05/21/04         05/25/04       05/28/04
   June         06/18/04         06/22/04       06/25/04



High Income Opportunity Fund Inc., a diversified investment management company,
is managed by Smith Barney FundManagement LLC., an indirect wholly owned
subsidiary of Citigroup Inc.

For more information, call Investor Relations at 1-888-735-6507. 

DATASOURCE: High Income Opportunity Fund Inc.



CONTACT:  Richard Peteka, Treasurer, [phone], or Brenda Grandell,

Director, Closed-End Funds, [phone], both for High Income Opportunity

Fund Inc.

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