LMP Real Estate Income Fund Inc. as of September 30, 2007

Business Wire,  Oct 9, 2007  

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NEW YORK -- LMP Real Estate Income Fund Inc. (NYSE: RIT) announces its portfolio composition as of September 30, 2007.

Investment Objective: The Fund seeks high current income as a primary objective and capital appreciation as a secondary objective.

Portfolio Composition*
Common Stocks                          69.5%
Preferred Stocks                       30.0%
Cash                                    0.5%

Total Number of Common Stocks:    34
Total Number of Preferred Stocks: 33

Total Number of Securities: 67
Total Number of Issuers:    50
Industry Allocations     >          >             >



                         >          >     Common  >
Preferred

Total
Office & Industrial  >          >      20.0%  >
6.5%

26.5%
Retail                   >          >       12.8  >
6.1

18.9
Residential              >          >        7.9  >
4.5

12.4
Net Lease                >          >       11.3  >
1.9

13.2
Healthcare               >          >       12.6  >
2.1

14.7
Hotel                    >          >        3.6  >
4.2

7.8
Other                    >          >        1.2  >
4.8

6.0
Cash                     >          >             >


0.5
Top 10 Holdings











Camden Property Trust                   4.48%





The Macerich Company                    3.95%





Senior Housing Properties Trust         3.51%





ISTAR Financial Inc.                    3.17%





Liberty Property Trust                  2.94%





Entertainment Properties Trust          2.92%





HRPT Properties Trust                   2.69%





Urstadt Biddle Properties Series C PFD  2.69%





Highwood Properties                     2.56%





Kilroy Realty Corp.                     2.55%

*Portfolio holdings and weightings are historical and for informational purposes only. They are subject to change at any time. Percentages provided above are based on the Fund's gross value as of September 30, 2007.

Portfolio Statistics
Inception Date:             July 25, 2002
Inception Price:            $15.00

Leverage:                   $65 million taxable auction rate preferred
                            stock (issued September 30, 2002); $30
                            million of Taxable Auction Rate Preferred
                            Stock (issued July 18, 2005)

Total Net Assets:           $321,877,135.86

Market Price:               $19.74
NAV:                        $20.30

Distribution Rate**:        $ 0.19 per share, declared quarterly &
                            paid monthly

(Daily NAV is available on market quotation systems using the symbol XRITX.)

**Pursuant to its Managed Distribution Policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's Managed Distribution Policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and constitute a "return of capital"). The Board of Directors may terminate the Managed Distribution Policy at any time, including when certain events would make part of the return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for Fund's shares.

LMP Real Estate Income Fund Inc. is a non-diversified investment management company advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., and is sub-advised by AEW Management and Advisor, L.P., an affiliate of AEW Capital Management, L.P.

For more information, please call Investor Relations: 1-888-777-0102, or consult the Fund's web site at www.leggmason.com/InvestorServices.

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