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Western Asset Managed Municipals Fund Inc. as of December 31, 2008

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^{Published in Business and Finance on Monday, January 26th 2009 at 13:50 GMT, Last Modified on 2009-01-26 13:51:33 by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Western Asset Managed Municipals Fund Inc. (NYSE: MMU) announces its portfolio composition as of December 31, 2008.

Investment Objective: The Fund seeks as high a level of current income exempt from Federal income tax as is consistent with preservation of principal.

* Portfolio holdings and weightings are historical and are presented here for informational purposes only. 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.

Western Asset Managed Municipals Fund Inc., a non-diversified closed-end investment management company, 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, 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 ].