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Western Asset Income Fund and Western Asset Premier Bond Fund Announce Portfolio Manager Change

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^{Published in Business and Finance on Friday, April 15th 2011 at 5:10 GMT by Market Wire}  

NEW YORK--([ BUSINESS WIRE ])--Western Asset Income Fund (NYSE: PAI) and Western Asset Premier Bond Fund (NYSE: WEA), which are advised by Western Asset Management Company, a subsidiary of Legg Mason, Inc., today issued the following statement:

In his role as CIO Emeritus, S. Kenneth Leech plays an active, hands-on role in determining Western Asseta™s investment philosophy and strategy, working closely with CIO Stephen A. Walsh and serving on various investment strategy committees.

As part of a planned and strategic evolution, Mr. Leech has gradually focused more of his time on the global investment marketplace and on managing global portfolios, while continuing to play a lead role in shaping Western Asseta™s overall investment strategies and macro themes.

In light of his changing role and expected further concentration on global accounts, as of May 1, Mr. Leech will no longer serve as a portfolio manager for non-global portfolios, including non-global closed-end funds. While Mr. Leech continues to help shape Western Asseta™s overall investment strategy, his day-to-day role is becoming more concentrated on global portfolios. To reflect this global focus, he will continue to serve as a portfolio manager of the global funds, but not of the non-global funds.

As CIO, Mr. Walsh will remain listed as part of the portfolio management team on all funds.

Contact the Funds at 1-888-777-0102 for more information, or consult the Fundsa™ web site at [ www.leggmason.com/cef ].

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.