Intermediate Muni Fund as of September 30, 2004 NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- Intermediate Muni Fund (AMEX: SBI) as of September 30, 2004 Investment Objective: The Fund seeks as high a level of current income exempt from Federal income tax as is consistent with prudent investing. Portfolio Composition* Industry Allocations Hospital 16.3% Education 16.2 Escrowed to Maturity 11.6 Transportation 11.2 General Obligation 9.1 Water & Sewer 7.0 Pollution Control Revenue 4.3 Life Care Systems 3.4 Utilities 3.2 Multifamily Housing 2.8 Tax Allocation 2.7 Industrial Development 2.4 Public Facilities 2.4 Pre-Refunded 1.9 Tobacco 1.8 Solid Waste 0.8 Single Family Housing 0.3 Miscellaneous 2.6 Credit Quality (Higher of S&P or Moody's) AAA 48.9% AA 14.5 A 11.0 BBB 14.2 BB 1.1 B 1.9 CCC 0.7 C 0.1 NR 7.6 *Portfolio holdings and weightings are subject to change at any time. Portfolio Statistics Inception Date March 2, 1992 Inception Price $10.00 Leverage $50 million Municipal Auction Rate Cumulative Preferred Shares Average Maturity 10.7 years Average Life 6.5 years Average Call Protection 6.2 years Average Price $109.42 Average Coupon 6.23% Total Net Assets $191.681 million Dividend $0.051 per month (Declared quarterly, paid monthly) Market Price $9.37 NAV $10.10 (Daily NAV is available on market quotation systems using the symbol XSBIX.) AMT Percentage 12.3% (of market value) (Actual percentage of income subject to alternative minimum tax is reported after yearend.) Call Statistics** Non-Callable: 27.4% 2004 2.4 2005 5.3 2006 2.6 2007 3.5 2008 5.7 2009 7.8 2010 19.3 2011 18.3 2012 23.0 2013 6.2 2014 2.6 2015 0.7 2016 0.8 2018 0.6 2021 1.1 2024 0.1 **Year of first optional call date or maturity if non-callable. Intermediate Muni Fund Inc., a diversified investment management company, is managed by Smith Barney Fund Management LLC, an indirect wholly owned subsidiary of Citigroup Inc. For more information, please call 1-888-735-6507 or consult the Fund's web site at http://www.citigroupassetmanagement.com/. DATASOURCE: Intermediate Muni Fund CONTACT: Brenda Grandell, Director, Closed-End Funds, +1-212-291-3775, or Media Relations - Edward Giltenan, Head of Public Relations, +1-212-559-6746, both of Citigroup Asset Management

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