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<TYPE>EX-99.77Q1 OTHR EXHB
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<FILENAME>invpolicies77q1.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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