Western Asset Emerging Markets Floating Rate Fund Inc. as of March 31, 2007

Business Wire,  May 12, 2008  

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NEW YORK -- Western Asset Emerging Markets Floating Rate Fund Inc. (NYSE: EFL) announces its portfolio composition as of March 31, 2008.

Investment Objective: The Fund seeks to maintain a high level of current income.

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Western Asset Emerging Markets Floating Rate Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol "EFL," is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company, an affiliate of the adviser.

Past performance is no guarantee of future results. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate.

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

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