Citigroup Investments Corporate Loan Fund Inc. Announces Name Change to LMP Corporate Loan Fund Inc.

NEW YORK -- Citigroup Investments Corporate Loan Fund Inc., which is traded on the New York Stock Exchange under the symbol "TLI," announced today a name change to LMP Corporate Loan Fund Inc., effective with the opening of trading on Monday, October 9, 2006. The Fund will continue to trade under its existing New York Stock Exchange symbol "TLI." The CUSIP numbers for LMP Corporate Loan Fund Inc. will be as follows:

--  Common Stock:              50208B100
  --  Auction Rate Preferred Stock:
                --  Series A:    50208B209
                --  Series B:    50208B308

The renaming of Citigroup Investments Corporate Loan Fund Inc. follows Legg Mason's acquisition of substantially all of Citigroup's asset management business in December 2005. Following that transaction, Legg Mason announced plans to integrate and streamline mutual funds included in the Citigroup transaction.

Citigroup Investments Corporate Loan Fund Inc., a non-diversified 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 Citigroup Alternative Investments LLC.

Legg Mason is a global asset management firm, structured as a holding company, with on-the-ground asset management capabilities around the world. As of June 30, 2006, its assets under management aggregated approximately $855 billion. The firm is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (NYSE:LM).

For more information, call 1-888-777-0102, or log on to the Fund's website at www.leggmason.com/InvestorServices.

Note: "Citi" is a service mark of Citigroup, licensed for use by Legg Mason as the name of funds and investment advisers. Legg Mason and its affiliates, as well as the fund's investment adviser, are not affiliated with Citigroup. The Fund's sub-adviser is affiliated with Citigroup.