Western Asset Global Partners Income Fund Inc. (NYSE: GDF) announces its portfolio composition as of December 31, 2010.

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

Portfolio Composition*:

Asset Allocation

        

High Yield Corporate Bonds

48.8%

Emerging Market Debt

43.1%

Sovereign Debt External Currency

25.8%

Sovereign Debt Local Currency

4.5%

Corporates External Currency

12.8%

Investment Grade Corporate Bonds

3.8%

Cash & Other Securities

4.3%

 

Credit Quality Allocation**

AA

1.1%
A 3.6%
BBB 22.0%
BB 32.0%
B 26.1%
CCC 8.6%
CC 0.1%
Not Rated 6.5%
 

Top Ten High Yield Industries

Consumer Cyclical 9.2%
Energy 5.7%
Communications 5.7%
Basic Industry 5.0%
Consumer Non Cyclical 5.0%
Capital Goods 3.7%
Transportation 3.2%
Electric 3.0%
Technology 2.2%
Finance Companies 1.7%
 

Top Ten Emerging Market Countries

Brazil 7.8%
Mexico 5.2%
Turkey 4.6%
Russia 4.3%
Venezuela 4.1%
Argentina 2.8%
Indonesia 2.5%
Colombia 2.2%
Malaysia 1.4%
Thailand 1.2%
 

Currency Allocation

US Dollar 95.2%
Brazilian Reals 1.7%
Indonesian Rupiahs 1.2%
Egyptian Pounds 0.6%
Malaysian Ringgits 0.3%
Peruvian Nuevos Soles 0.2%
Mexican Pesos 0.2%
British Pound 0.2%
Polish Zlotych 0.1%
Turkish Lira 0.1%
Euro 0.1%
 

Average Life (years)

 8.1

Effective Duration (years)

 5.1

Average Coupon (%)

 7.8
 

Portfolio Statistics:

 

Inception Date

 October 29, 1993

Inception Price

 $15.00

Total Assets***

 $242,551,425

Net Assets

 $184,240,952

Loans****

 13.61%

Preferred Shares****

 0.00%

Reverse Repos****

 10.44%
 

Market Price

 $11.90

NAV

 $11.95
(Daily NAV is available on market quotation systems using the symbol XGDFX.)
 

Distribution Rate

 $0.0950 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.
 
**

Credit quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by Standard and Poor's, Moody's Investors Service and/or Fitch Ratings, Ltd. For this purpose, if two or more of the agencies have assigned differing ratings to a security, the highest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the Fund's portfolio does not apply to the stability or safety of the Fund. These ratings are updated monthly and may change over time. Please note, the Fund itself has not been rated by an independent rating agency.

 
*** The difference between total assets and net assets, if any, is due primarily to the Fund's use of borrowings; 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 based on total assets.

Western Asset Global Partners Income Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol ?GDF,? 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. Fixed income securities are subject to credit risk, inflation risk, call risk, and interest rate risks. As interest rates rise, bond prices fall, reducing the value of the Fund's share price. International investing involves additional risks. These risks are greater in emerging markets.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

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

FN1011945

Western Asset Global Partners Income Fund Inc.
Fund Investor Services, 888-777-0102
www.leggmason.com/cef