Business Services Industry

Salomon Brothers High Income Fund Inc. Announces Financial Position as of March 31, 2006

Business Wire, June 6, 2006

NEW YORK -- Salomon Brothers High Income Fund Inc., which is listed on the New York Stock Exchange under the symbol "HIF", today announced the financial position of the Fund as of March 31, 2006.

Prior
                              Current Qtr  Previous Qtr   Yr's Qtr
                                March 31,  December 31,   March 31,
                                  2006         2005         2005

Total Assets (a)             $55,956,004   $54,509,603   $53,330,885
Total Net Assets (a)         $54,511,718   $53,967,390   $53,182,280

NAV Per share of Common
 Stock (b)                   $     10.60   $     10.50   $     10.35
Market Price Per Share       $      9.29   $      8.99   $      9.22
Premium  / (Discount)             (12.36)%      (14.38)%      (10.92)%
Outstanding Shares             5,140,713     5,140,713     5,140,713

Total Net Investment
 Income (c)                  $   977,995   $   850,734   $   930,934
Total Net Investment
 Income Per Share (c)        $      0.19   $      0.17   $      0.18

Total Net Realized /
 Unrealized  Gain / Loss (c) $   429,515   $  (417,616)  $(1,928,866)
Total Net Realized /
 Unrealized Gain / Loss Per
 Share (c)                   $      0.08   $     (0.08)  $     (0.38)

Undistributed /
 (Overdistributed)
 Net Investment Income (d)   $    37,179   $   (77,176)  $   (21,270)
Undistributed /
 (Overdistributed)
 Net Investment Income Per
 Share(d)                    $      0.01   $     (0.02)  $     (0.00)

Footnotes:
(a) The difference between total assets and total net assets is due
    primarily to the issuance of preferred stock and/or the Fund's use
    of borrowings; total assets do not include accrued expenses, other
    liabilities, borrowings and the redemption value of preferred
    stock, if any.
(b) NAVs are calculated as of the close of business on the last
    business day in the periods indicated above.
(c) For the quarter indicated.
(d) As of the period indicated above.

 This financial data is unaudited.

The fund files its semi-annual and annual reports with the Securities and Exchange Commission as well as its complete schedule of portfolio holding for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission's website at www.sec.gov. To obtain information on the Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-800-777-0102.

Salomon Brothers High Income Fund Inc., a non-diversified closed-end investment management company, is managed by Salomon Brothers Asset Management Inc., a wholly owned subsidiary of Legg Mason, Inc.

For more information, call Investor Relations at 1-888-777-0102, or visit the Fund's web site at http://www.leggmason.com/InvestorServices.> Note: "Smith Barney," "Salomon Brothers" and "Citi" are service marks of Citigroup, licensed for use by Legg Mason as the names of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment manager, are not affiliated with Citigroup.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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