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LMP Corporate Loan Fund Inc. (aTLIa) Announces Distribution for the Month of January 2012

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NEW YORK--([ ])--LMP Corporate Loan Fund Inc. (NYSE: TLI) today announced a monthly distribution of $0.0620 per common share for January 2012. The distribution amount is unchanged from the prior month.

The distribution schedule appears below:

Month

Ex-Date

Record Date

Payable Date

Amount

Type

January 1/18/2012 1/20/2012 1/27/2012 $0.0620 Income

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fundas distribution that has been declared by the Board of Directors. In early 2013, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the respective calendar year should be characterized for purposes of reporting the distributions on a shareholderas tax return (e.g., ordinary income, long-term capital gain or return of capital).

LMP Corporate Loan Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by Citigroup Alternative Investments LLC, an indirect wholly-owned subsidiary of Citigroup Inc.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fundas 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.