MPT Western Asset Munici

Western Asset Municipal Partners Fund Inc., which is listed on the New York Stock Exchange under the symbol �MNP,� announced today the completion of the merger of Western Asset Municipal Partners Fund II Inc. with and into Western Asset Municipal Partners Fund Inc. Effective with the opening of business on July 23, 2007, shareholders of Western Asset Municipal Partners Fund II Inc. (which previously traded on the New York Stock Exchange under the symbol �MPT�) became shareholders of Western Asset Municipal Partners Fund Inc. Each share of common stock of MPT converted into an equivalent dollar amount (to the nearest one tenth of one cent) of full shares of common stock of MNP, based on the net asset value per share of each Fund calculated at 4:00 p.m. on Friday, July 20, 2007. MNP reported a net asset value per share of $14.47 and MPT reported a net asset value per share of $14.08 as of 4:00 p.m. on Friday, July 20, 2007. The conversion ratio was calculated at 0.973323 common shares of MNP for each common share of MPT. MNP did not issue any fractional shares to MPT shareholders. In lieu thereof, MNP purchased all fractional MNP shares at the current net asset value of the shares and remitted the cash proceeds to former MPT shareholders in proportion to their fractional shares. Each outstanding share of Western Asset Municipal Partners Fund II Inc. preferred stock converted into one full share of Western Asset Municipal Partners Fund Inc. preferred stock. Post merger, Western Asset Municipal Partners Fund Inc. has 1,700 shares of Auction Rate Preferred Stock, Series M, outstanding. As of July 20, 2007, the post-merger net assets of Western Asset Municipal Partners Fund Inc. totaled $155,781,297 and its net asset value per common share was $14.47 based on approximately 10,769,156 shares outstanding. Western Asset Municipal Partners Fund Inc. is a closed-end, diversified management investment company. Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc., serves as the Fund�s investment manager and Western Asset Management Company, an affiliate of the investment manager, serves as the Fund�s sub-adviser. For additional information, please visit the Fund�s web site at www.LeggMason.com, or call the Investor Relations Group at 1-888-777-0102.