Investment Objective: The Fund seeks a high current income. Capital appreciation is a secondary objective.

 Portfolio Composition*:                                                            
                                                                                    
 Asset Allocation                                                                   
 High Yield                     87.2%                                               
 Investment Grade               7.7%                                                
 Emerging Market Debt           4.5%                                                
 Investment Grade               1.2%                                                
 US Dollar                      1.2%                                                
 Non-Investment Grade           3.3%                                                
 US Dollar                      3.3%                                                
 Cash & Other Securities        0.5%                                                
 Mortgage Backed                0.2%                                                
                                                                                    
 Credit Quality Allocation (Lower of S&P/Moody's/Fitch)                             
 A                              1.2%                                                
 BBB                            2.9%                                                
 BB                             15.3%                                               
 B                              32.2%                                               
 CCC                            37.2%                                               
 CC                             3.3%                                                
 C                              3.2%                                                
 D                              4.6%                                                
                                                                                    
 Top Ten High Yield Industries                                                      
 Consumer Cyclical              16.5%                                               
 Communications                 13.9%                                               
 Consumer Non Cyclical          10.4%                                               
 Energy                         9.7%                                                
 Basic Industry                 7.9%                                                
 Electric                       7.5%                                                
 Capital Goods                  6.7%                                                
 Transportation                 3.4%                                                
 Bank Loans                     3.0%                                                
 Technology                     1.9%                                                
                                                                                    
 Top Emerging Market Countries                                                      
 Mexico                         1.4%                                                
 Russia                         1.2%                                                
 United Arab Emirates           1.0%                                                
 Thailand                       0.5%                                                
 India                          0.2%                                                
                                                                                    
 Currency Allocation                                                                
 US Dollar                      100.0%                                              
                                                                                    
 Average Life (years)           7.13                                                
 Effective Duration (years)     4.06                                                
 Average Credit Quality (S&P)   B-                                                  
 Average Coupon (%)             9.18%                                               
                                                                                    
 Portfolio Statistics:                                                              
                                                                                    
 Inception Date                 November 16, 1993                                   
 Inception Price                $12.50                                              
 Total Assets                   $423,708,822                                        
                                                                                    
 Market Price                   $5.82                                               
 NAV                            $5.69                                               
 (Daily NAV is available on market quotation systems using the symbol XHIOX.)       
                                                                                    
 Distribution Rate              $0.0525 per share                                   
 Frequency                      Monthly (Declared quarterly, paid monthly)          


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 *   Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. 


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Western Asset High Income Opportunity Fund Inc., a diversified closed-end investment management company, 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.

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

FN0911859

A service of YellowBrix, Inc.