SCD LMP Capital and Income Fund Inc

Salomon Brothers Capital and Income Fund Inc. as of June 30, 2004 NEW YORK, July 13 /PRNewswire-FirstCall/ -- Salomon Brothers Capital and Income Fund Inc (NYSE:SCD) as of June 30, 2004 Investment Objective: The Fund's Investment objective is total return with an emphasis on income. Portfolio Composition Common Stocks & Convertible Securities 57.13% Emerging Market Debt 9.51% Corporate High Yield 9.01% (Below investment grade) Debt Investment Grade Debt* 18.18% Cash 6.17% *When the Fund establishes a segregated account in which it maintains cash and/or liquid securities equal in value to its obligations in respect of the mortgage dollar rolls, the mortgage dollar rolls will not be considered a borrowing or a "senior security" for purposes of the asset coverage requirements under the 1940 Act. COMMON STOCK & CONVERTIBLE SECURITIES (of total portfolio) Industry Allocations Financials (includes REITs): 15.2% Healthcare: 11.1 Information Technology: 9.5 Energy: 8.5 Industrials: 8.3 Consumer Discretionary: 7.1 Materials: 2.6 Telecommunication Services: 2.4 Consumer Staples: 2.1 Utilities: 1.8 Top 10 Holdings (of total portfolio) FHLMC GOLD 6% 2/1/43 3.3% Pfizer 2.5 FHMLC GOLD 6% 9/1/32 2.5 Total SA-Spon ADR 2.3 Brazil 8% 4/15/14 2.0 GlaxoSmithKline 1.8 United Mexican States 6.63% 3/3/15 1.7 Host Marriott 6.75% 12/26 1.4 General Electric Co 1.4 El Paso Corp 0% 2/28/21 1.3 FIXED INCOME Top Five Emerging Market Debt Countries: Brazil: 2.8% Russia: 2.0 Mexico: 1.8 Philippines 0.6 Colombia: 0.6 Top Five High Yield Industries: Materials: 3.5% Consumer Discretionary: 2.2 Telecommunication Services: 1.3 Utilities: 1.2 Consumer Staples: 0.7 Top Investment Grade Sectors Asset-backed Securities 12.34% Portfolio Credit Breakdown (% of fixed income): Treasury/Agency: 41.7% BBB 16.9 BB 9.3 B 26.2 CCC 5.9 Currency Allocation: US Dollar: 100% Effective Duration: 4.5 years Effective Maturity: 13.1 years Average Credit Quality: Baa1 (Moody's) / BBB+ (S&P) Leverage: 19.8% Inception Date: February 25, 2004 Inception Price: $20.00 Total Net Assets: $610.136 million Market Price: $16.90 NAV: $18.51 (Daily NAV is available on market quotation systems using the symbol XSCDX.) Dividend Rate: $0.10000 Frequency: Monthly Salomon Brothers Capital and Income Fund Inc., a non-diversified investment management company traded on the New York Stock Exchange under the symbol "SCD," is managed by Salomon Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers Capital and Income Fund Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds of Citigroup Asset Management, +1-212-291-3775, or Media Relations: Edward Giltenan, Head of Public Relations of Citigroup Asset Management, +1-212-559-6746 Web site: http://www.sbam.com/

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