NEW YORK, Nov 23, 2009 (BUSINESS WIRE) ----Western Asset Worldwide Income Fund Inc. (NYSE: SBW) announces its portfolio composition as of September 30, 2009.

Investment Objective: The Fund seeks to maintain a high level of current income. As a secondary objective, the Fund seeks to maximize total return.

Portfolio Composition*:
   Asset Allocation
   Emerging Market Debt               94.1%
   Investment Grade                   57.2%
   US Dollar                          52.1%
   Local Currency                     5.0%
   Non-Investment Grade               37.0%
   US Dollar                          32.9%
   Local Currency                     4.1%
   High Yield                         0.5%
   Investment Grade                   0.1%
   Cash & Other Securities            5.3%
   Credit Quality Breakdown (Higher
   of S&P/Moody's/Fitch)
   AAA                                5.3%
   AA                                 1.0%
   A                                  4.6%
   BBB                                52.4%
   BB                                 29.9%
   B                                  5.1%
   D                                  1.8%
   Top Ten Emerging Market Countries
   Russia                             22.5%
   Mexico                             12.4%
   Brazil                             11.5%
   Turkey                             8.1%
   Venezuela                          6.7%
   Colombia                           5.5%
   Peru                               5.5%
   Panama                             4.4%
   Malaysia                           3.3%
   Argentina                          3.1%
   Currency Allocation
   US Dollar                          90.7%
   Brazilian Reals                    4.7%
   Indonesian Rupiahs                 2.2%
   Euros                              1.9%
   Russian Rubles                     0.3%
   Average Life (years)               11.97
   Effective Duration (years)         7.01
   Average Credit Quality (S&P)       BBB-
   Average Coupon (%)                 7.57
   Portfolio Statistics:
   Inception Date                     December 31, 1993
   Inception Price                    $15.00
   Total Assets                       $182,399,472
   Net Assets***                      $182,399,472
   Loans****                          0.00%
   Preferred Shares****               0.00%
   Reverse Repos****                  0.00%
   Market Price                       $12.15
   NAV                                $14.01
   (Daily NAV is available on market quotation systems using the symbol
   XSBWX.)
   Distribution Rate** $0.0800 per share
   Frequency           Monthly (Declared Quarterly, paid Monthly)
   

* Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time.

** Pursuant to its managed distribution policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's managed distribution policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and will constitute a "return of capital"). The Board of Directors may terminate the managed distribution policy at any time, including when certain events would make part of any return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for the Fund's shares.

*** The difference between total assets and net assets, if any, is due primarily to the Fund's use of borrowings and other assets and liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund's portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded.

**** Percentages are based on total assets.

Western Asset Worldwide Income Fund Inc., a non-diversified closed-end 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 Western Asset Management Company, an affiliate of the advisor.

An investment in the Fund involves risk; including loss of principal. Investment return and the value of shares will fluctuate.

For more information, please call Fund Investor Relations at 888-777-0102, or consult the Fund's web site at www.leggmason.com/cef.

FN0911847

SOURCE: Western Asset Worldwide Income Fund Inc.

   Fund Investor Relations, 888-777-0102 
   www.leggmason.com/cef
   

Copyright Business Wire 2009