MPT Western Asset Munici

Salomon Brothers Municipal Partners Fund II Inc. (NYSE: MPT) as of June 30, 2005 Investment Objective: The Fund seeks a high level of current income exempt from regular Federal income tax, consistent with the preservation of capital. -0- *T Portfolio Composition(a) Industry Allocations -------------------- Education 23.8% General Revenue 14.8 Healthcare 14.5 Water 9.0 Industrial Development Revenue 8.9 Transportation 8.1 General Obligation 5.2 Power 5.1 Pre-Refunded 4.8 Tax Revenue 2.7 Escrowed to Maturity 2.4 Housing 0.7 Credit Quality (Higher of S&P or Moody's) ----------------------------------------- Aaa/AAA 69.8% Aa/AA 9.9 A/A 11.9 Baa/BBB 8.4 Average Effective Maturity 7.5 years Average Leveraged Duration 10.00 years Average Unleveraged Duration 6.63 years (a) 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 33.41% Average Price $109.25 Average Coupon 5.62% Total Net Assets $134.670 million Dividend Rate $0.068 per share Frequency Monthly Market Price $13.60 NAV $14.93 Call Statistics --------------- Non-Callable 19.3% 2005 17.3 2006 7.1 2007 2.5 2008 1.0 2009 2.7 2010 5.2 2011 5.3 2012 11.3 2013 2.6 2014 8.7 2015 16.1 2017 0.9 *T 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 www.sbam.com.