MPT Western Asset Munici

Salomon Brothers Municipal Partners Fund II Inc. as of September 30, 2004 NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- Salomon Brothers Municipal Partners Fund II Inc. (NYSE:MPT) as of September 30, 2004: Investment Objective: The Fund seeks a high level of current income exempt from regular Federal income tax, consistent with the preservation of capital. Portfolio Composition* Industry Allocations General Revenue 22.7% Industrial Development Revenue 12.9 Healthcare 11.4 Education 10.8 Transportation 10.3 General Obligation 8.6 Pre-Refunded 5.9 Power 5.8 Water 4.7 Tax Revenue 2.5 Escrowed to Maturity 2.3 Housing 2.1 Credit Quality (Higher of S&P or Moody's) Aaa/AAA 65.9% Aa/AA 13.3 A/A 14.2 Baa/BBB 6.6 Average Effective Maturity 7.0 years Average Leveraged Duration 9.6 years Average Unleveraged Duration 6.7 years *Portfolio holdings and weightings are subject to change at any time. Portfolio Statistics Inception Date July 29, 1993 Leverage (Preferred Stock) $45 million Leverage Percentage 33.34% Average Price $109.75 Average Coupon 5.65% Total Net Assets $134.982 million Dividend Rate $0.0680 per share Frequency Monthly Market Price $13.26 NAV $14.98 Call Statistics Non-Callable 31.0% 2004 10.2 2005 8.7 2006 7.0 2007 2.4 2008 1.0 2009 2.5 2010 6.8 2011 5.0 2012 10.6 2013 10.2 2014 4.6 Salomon Brothers Municipal Partners Fund II Inc., a diversified investment management company, is managed by Salomon Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc. For more information, please call 1-888-777-0102 or consult the Fund's web site at http://www.sbam.com/. DATASOURCE: Salomon Brothers Municipal Partners Fund II Inc. CONTACT: Brenda Grandell, Director, Closed-End Funds of Citigroup Asset Management, +1-212-291-3775, 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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