Western Asset Inflation Management Fund Inc. ("IMF") Announces Distributions for the Months of September, October and November 2008

NEW YORK--(BUSINESS WIRE)--Western Asset Inflation Management Fund Inc., which is listed on the New York Stock Exchange under the symbol “IMF”, announced today monthly distributions of $0.0700 per common share for September, October and November 2008.

The distribution schedule appears below:

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 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 prior 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).

Western Asset Inflation Management Fund Inc., a non-diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc., and is sub-advised by Western Asset Management Company and Western Asset Management Company Limited, affiliates of the investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the Fund’s web site at www.leggmason.com/cef.

Legg Mason & Co., LLC
Brenda Grandell, 212-857-8087
Director, Closed End Funds