Legg Mason’s closed-end funds that are advised or sub-advised by its affiliates will host a conference call to discuss the fixed income markets today, Wednesday, October 22, 2008 at 4:15 pm eastern time. Western Asset Management will provide its view on the overall market, as well as the mortgage backed, high yield, emerging market and tax-exempt fixed income sectors.

This call will feature the following Western Asset Management speakers:

• Stephen Walsh – Chief Investment Officer, Market Overview
• Ronald Mass – Portfolio Manager, Mortgage Backed Securities
• Michael Buchanan – Portfolio Manager, High Yield Securities
• Keith Gardner – Portfolio Manager, Emerging Markets Debt
• Joseph Deane – Portfolio Manager, Tax-Exempt Securities

Questions will be accepted in advance of the call at cef@leggmason.com.

Shortly after its conclusion, a replay of the call will be made available on our website. Call-in replay instructions will be provided at a future date by press release.

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

For more information:

• Please call 1-888-777-0102 or consult the Funds' web sites at http://www.leggmason.com/cef
• For information on PAI and WEA, please call 1-866-290-4386 or consult the Funds' web site at www.westernasset.com