High Income Opportunity Fund Inc. Announces Dividend Schedule for the Months of October, November and December 2004.

High Income Opportunity Fund Inc. Announces Dividend Schedule for
the Months of October, November and December 2004. 


NEW YORK, Sept. 23  /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 October, November and December 2004.  The dividend distribution schedule
appears below:

                   Ex-date        Record           Payable
      October     10/22/04       10/26/04         10/29/04

      November    11/18/04       11/22/04         11/26/04

      December    12/23/04       12/28/04         12/31/04



High Income Opportunity Fund Inc., a diversified investment management company,
is managed by Smith Barney Fund Management 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:  Robert Brault, Treasurer, [phone], or Brenda Grandell,

Director, Closed-End Funds, High Income Opportunity Fund Inc.,

[phone]

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