LMP Corporate Loan Fund Inc., listed on the New York Stock Exchange under the symbol ”TLI“�, announced a distribution from income of $0.0550 per common share for the month of May 2008. This distribution is payable on May 30, 2008, to shareholders of record on May 23, 2008. The ex-dividend date is May 21, 2008.

In declaring the new rate, the Fund cited, as it has previously, that the Federal Reserve's efforts to stimulate the economy by cutting Fed Funds rates has led to a significant decline in the London Interbank Offer Rate ("LIBOR"), a short-term interest rate that is typically closely correlated with Fed Funds. The interest earned on the corporate loans in which the Fund invests is priced based upon LIBOR plus a credit spread; therefore, the drop in LIBOR has led to a diminution of cash flows to the Fund and a corresponding decline in the Fund's distribution.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2008 and early 2009, 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 shareholder's tax return (e.g., ordinary income, long-term capital gain or return of capital).

LMP Corporate Loan Fund Inc., a non-diversified investment management 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 Fund's web site at www.leggmason.com/cef.