Salomon Brothers High Income Fund Inc September 1999 Quarterly Update

Business Wire, Nov 24, 1999

NEW YORK--(BUSINESS WIRE)--November 24, 1999--

Salomon Brothers High Income (NYSE: HIF) is a closed-end fund whose objective is to maintain a high level of current income by investing primarily in a diversified portfolio of high-yield U.S. corporate debt securities and high- yield foreign sovereign debt securities. Shareholders may call 1-888-777-0102 for the Funds current net asset value, market price and other information regarding the Funds portfolio holdings and allocations. -0-

Portfolio Allocations as of                   Percentage of Long-Term
September 30, 1999                              Investments

Top Five High-Yield Corporate Bond Sectors
   Media / Telecommunications                      13.3%
   Basic Industries                                 9.9
   Consumer Non-Cyclicals                           9.5
   Industrial / Manufacturing                       9.4
   Consumer Cyclicals                               6.0

Top Five Emerging Market Debt Countries
   Argentina                                       7.7%
   Brazil                                           6.5
   Venezuela                                        5.8
   Russia                                           3.8
   Bulgaria                                         2.9

Performance Update
                      September 30, 1999 August 31, 1999 July 30, 1999
Net Asset Value Per Share       $11.86         $11.92       $12.24
Closing NYSE Price            $12.3125        $12.875     $14.3125

Dividends/Distributions
                           Income                 Long-Term
                           Dividends              Capital Gains

Quarter Ended 9/30/99      $0.37500
Quarter Ended 9/30/98      $0.37500               $0.11150

Nine Months Ended 9/30/99  $1.12500
Nine Months Ended 9/30/98  $1.12500               $0.11150