Citigroup Investments Corporate Loan Fund Inc. Announces Stockholder Approval of Sub-Investment Advisory Agreement among Smith Barney Fund Management LLC, the Fund and Citigroup Alternative Investments LLC.

NEW YORK -- Citigroup Investments Corporate Loan Fund Inc. (the "Fund"), which is traded on the New York Stock Exchange under the symbol "TLI," announced the results of a special meeting of stockholders held earlier today, May 31, 2005. At that meeting, stockholders voted to approve a new sub-investment advisory agreement among Smith Barney Fund Management LLC, the Fund's investment manager, the Fund and Citigroup Alternative Investments LLC ("CAI"). The new sub-investment advisory agreement was presented to stockholders because Travelers Asset Management International Company LLC ("TAMIC"), the Fund's current sub-investment adviser, is being sold to MetLife, Inc. as part of a larger transaction that is expected to close this summer (subject to certain regulatory approvals and other customary conditions to closing), and the management team at TAMIC will be joining CAI. Under the new sub-investment advisory agreement, the Fund will continue to receive the same services for the same fees as provided under the current agreement.

Citigroup Investments Corporate Loan Fund Inc., a non-diversified closed-end investment management company, is managed by Smith Barney Fund Management LLC, an indirect wholly owned subsidiary of Citigroup Inc.

For more information, please call 1-888-735-6507 or consult the Fund's web site at www.citigroupam.com.