Western Asset Income Fund as of March 31, 2009

Business Wire, May 06, 2009

NEW YORK -- Western Asset Income Fund (NYSE: PAI) announces its portfolio composition as of March 31, 2009.

Investment Objective: The Fund's primary investment objective is to provide current income for its shareholders. Capital appreciation, when consistent with current income, is a secondary investment objective.

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* Portfolio holdings and weightings are historical and are presented here for informational purposes only and do not include derivatives such as Futures Contracts, Options Written, and Credit Default Swaps. They are subject to change at any time.

** The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. If the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligation in respect of the reverse repurchase agreements (or other instruments), these investments are not considered to be a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage.

Dividends and distributions represent past performance. Past performance is no guarantee of future results and there is no guarantee that dividends and distributions will continue.

Western Asset Income Fund, a diversified closed-end investment management company, is advised by Western Asset Management Company, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by Western Asset Management Company Limited, 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 Relations at 888-777-0102 or consult the Fund’s web site at www.leggmason.com/cef.

Western Asset Management Company and Legg Mason Investor Services, LLC are subsidiaries of Legg Mason, Inc.

The Fund is not sold or distributed by Legg Mason Investor Services, LLC ("LMIS") or any affiliate of Legg Mason, Inc. Shares of the fund are bought and sold through non-affiliated broker/dealers and trade on the NYSE/NYSE Alternext.

© 2009 Legg Mason Investor Services, LLC. Member FINRA, SIPC