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<TYPE>EX-99.77Q1 OTHR EXHB
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<FILENAME>item77q1invpolicies.txt
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Changes to Investment Policies Relating to Investments in Derivative
Instruments Announced

NEW YORK - (BUSINESS WIRE) - May 23, 2007
Western Asset 2008 Worldwide Dollar Government Term Trust Inc. (NYSE:
SBG), Western Asset High Income Fund Inc. (NYSE: HIF), Western Asset
High Income Opportunity Fund Inc. (NYSE: HIO), Western Asset
Intermediate Muni Fund Inc. (AMEX: SBI), Western Asset Managed High
Income Fund Inc. (NYSE: MHY), Western Asset Managed Municipals Fund Inc.
(NYSE: MMU), Western Asset Municipal High Income Fund Inc. (NYSE: MHF)
and Western Asset Zenix Income Fund Inc. (NYSE:ZIF) today announced
changes, to be effective as of June 1, 2007, to their non-fundamental
investment policies relating to the Funds' ability to invest in
derivative instruments.
Under the Funds' amended investment policies approved by the Boards of
Directors, each Fund may use a variety of derivative instruments for
investment purposes as well as for hedging or risk-management purposes.
Previously, the Funds had been limited to the use of derivative
instruments for hedging and risk-management purposes only.
The management of each Fund recommended to the respective Fund's Board
the revised investment policies with regard to the use of derivatives.
On May 17, 2007, the Boards of the Funds approved this change in order
to provide Legg Mason Partners Fund Advisor, LLC, the Funds' investment
manager ("LMPFA"), and Western Asset Management Company, the Funds'
subadviser ("Western Asset"), greater flexibility in making investment
decisions, after considering the best interests of the Funds'
shareholders based upon management's advice that the additional ability
to use derivatives for investing as well as hedging purposes will allow
LMPFA and Western Asset greater flexibility and opportunity to seek to
achieve each Fund's investment objectives.  Examples of derivative
instruments that the Funds may use include futures contracts, credit
default swaps, credit default swap index securities, swap agreements and
options on those instruments.
Management believes that Western Asset has extensive resources and
capabilities involving derivatives.  However, shareholders and potential
investors should consider that derivatives are financial instruments the
value of which depends upon, or is derived from, the value of something
else, such as one or more underlying investments, indexes or currencies.
Derivatives may be traded on organized exchanges or in individually
negotiated transactions with other parties (these are known as "over the
counter" derivatives).  Investors should note that derivatives can be
illiquid, may disproportionately increase losses and could have a
potentially large impact on Fund performance.  Western Asset will not
use derivatives for the purpose of leverage but will rather maintain
segregated accounts to cover the Funds' obligations relating to the
purchase of derivatives or otherwise comply with the Funds' investment
restrictions regarding leverage in connection with such investments.
The successful use of derivatives requires sophisticated management,
and, to the extent that derivatives are used, a Fund will depend on
Western Asset's ability to analyze and manage derivatives transactions.
The prices of derivatives may move in unexpected ways, especially in
abnormal market conditions. Some derivatives are "leveraged" and
therefore may magnify or otherwise increase investment losses to a Fund.
A Fund's use of derivatives may also increase the amount of taxes
payable by shareholders.
Each Fund's use of derivative instruments involves risks different from,
or possibly greater than, the risks associated with investment directly
in securities and other more traditional investments.  A Fund's ability
to pursue certain of these strategies may be limited by applicable
regulations of the Commodity Futures Trading Commission ("CFTC") and the
federal income tax requirements applicable to regulated investment
companies.
As part of its strategies, each Fund may purchase and sell futures
contracts, purchase and sell (or write) exchange-listed and over-the-
counter put and call options on securities, financial indices and
futures contracts, enter into interest rate and currency transactions
and enter into other similar transactions which may be developed in the
future to the extent Western Asset determines that they are consistent
with the Fund's investment objectives and policies and applicable
regulatory requirements (collectively, "derivative transactions").  Each
Fund may use any or all of these techniques at any time, and the use of
any particular derivative transaction will depend on market conditions.
Derivative transactions present certain risks.  In particular, the
variable degree of correlation between price movements of instruments a
Fund has purchased or sold and price movements in the position being
hedged creates the possibility that losses on the hedge may be greater
than gains in the value of the Fund's position.  In addition, certain
derivative instruments and markets may not be liquid in all
circumstances.  As a result, in volatile markets, a Fund may not be able
to close out a transaction without incurring losses substantially
greater than the initial deposit.  Although the contemplated use of
these instruments should tend to minimize the risk of loss due to a
decline in the value of the hedged position, at the same time they may
tend to limit any potential gain which might result from an increase in
the value of such position.
Successful use of derivative transactions by a Fund is, in part, subject
to the ability of Western Asset to predict correctly factors affecting
markets for securities, such as interest rates and credit ratings.
These skills are different from those needed to select portfolio
securities.  If Western Asset's expectations are not met, a Fund would
be in a worse position than if a derivative transaction had not been
pursued.  For example, if a Fund hedged against the possibility of an
increase in interest rates which would adversely affect the price of
securities in its portfolio and the price of such securities increased
instead, the Fund would lose part or all of the benefit of the increased
value of its securities because it would have offsetting losses in its
futures positions.  Losses due to derivative transactions will reduce
net asset value.
Derivatives are also subject to a number of additional risks such as
liquidity risk, interest rate risk, credit risk, leveraging risk and
management risk.  Although derivative instruments are usually as liquid,
or more liquid than cash instruments, there can be no assurance that
such liquidity would prevail in all market conditions.  They also
involve the risk of mispricing or improper valuation and the risk that
changes in the value of a derivative may not correlate perfectly with an
underlying asset, interest rate or index.  Suitable derivative
transactions may not be available in all circumstances and there can be
no assurance that a Fund will engage in these transactions to reduce
exposure to other risks when that would be beneficial.  If a Fund
invests in a derivative instrument, it could lose more than the
principal amount invested.  Also, suitable derivative transactions may
not be available in all circumstances and there can be no assurance that
a Fund will engage in these transactions to reduce exposure to other
risks when that would be beneficial.  Although the use of derivatives
may decrease the amount of taxes payable by shareholders, the use of
derivatives may also increase that amount.  In addition to the risks
applicable to derivatives generally, credit default swaps involve
special risks because they are difficult to value, are highly
susceptible to liquidity and credit risk and generally pay a return to
the party that has paid the premium only in the event of an actual
default by the issuer of the underlying obligation (as opposed to a
credit downgrade or other indication of financial difficulty).
Each of the Funds is a closed-end investment company managed by Legg
Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg
Mason, Inc., and sub-advised by Western Asset Management Company, an
affiliate of the investment manager.
For more information on the Funds, please contact our Investor Relations
Group at 1-888-777-0102 or consult the Funds' web site at
www.leggmason.com/InvestorServices.
Symbols:  NYSE: HIF; HIO; MHF; MHY; MMU; SBG; ZIF;  AMEX: SBI

Contact:
Legg Mason & Co., LLC
Brenda Grandell
Director, Closed-End Funds
212-291-3775

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