WIA Declares Monthly Dividend

LISLE, Ill.--(Business Wire)--
Western Asset/Claymore Inflation-Linked Securities & Income Fund
(NYSE:WIA), a diversified closed-end management investment company,
declared its monthly dividend of $0.0575 per share. This represents an
annualized distribution rate of 5.78% based upon the closing market
price of $11.94 on August 29, 2008.

Since the Fund's inception on September 25, 2003, through August
31, 2008, the Fund generated an average annual total return, including
reinvestment of dividends, of 3.92% based on net asset value ("NAV")
and 1.39% based on market price. The Fund's one year total return, as
of August 31, 2008, was 7.76% based on NAV and 10.27% based on market
price. Past performance does not guarantee future results.

Dividends will be paid on September 30, 2008 to shareholders of
record as of September 15, 2008. The ex-dividend date will be
September 11, 2008. If it is determined that a notification is
required, pursuant to Section 19(a) of the Investment Company Act of
1940, as amended, such notice will be posted to the Fund's website
after the close of business three business days prior to the payable
date. If a distribution rate is largely comprised of sources other
than income, it may not be reflective of the Fund's performance.

Western Asset is one of the world's premier fixed-income managers.
With offices in Pasadena, New York, London, Tokyo, Singapore, Hong
Kong, Melbourne and Sao Paulo, Western Asset offers institutional and
retail clients a full range of fixed-income products. By devoting all
of its resources to fixed-income, Western Asset is able to provide a
full commitment to its clients in every area of the firm. This focused
approach has generated superior returns in products with a variety of
risk disciplines. Western Asset's long performance track record and
global presence has them positioned to continue their commitment to
excellence in fixed-income investment management and client service.
As of June 30, 2008, Western Asset has $624 billion in assets under
management.

Claymore Securities, Inc. serves as the Fund's Servicing Agent.
Claymore Securities, Inc. is a privately-held financial services
company offering unique investment solutions for financial advisors
and their valued clients. Claymore entities have provided supervision,
management, servicing and/or distribution on approximately $18.4
billion in assets, as of June 30, 2008. Claymore currently offers
closed-end funds, unit investment trusts and exchange-traded funds.
Additional information on Claymore's closed-end funds is available at
www.claymore.com/CEFs. Registered investment products are sold by
prospectus only and investors should read the prospectus carefully
before investing.

This information does not represent an offer to sell securities of
the Fund and it is not soliciting an offer to buy securities of the
Fund. There can be no assurance that the Fund will achieve its
investment objectives. The net asset value of the Fund will fluctuate
with the value of the underlying securities. It is important to note
that closed-end funds trade on their market value, not net asset
value, and closed-end funds often trade at a discount to their net
asset value. Past performance is not indicative of future performance.
An investment in the Fund is subject to certain risks and other
considerations. Such risks and considerations include, but are not
limited to: Investment Risk, Market Discount Risk, Interest Rate Risk,
U.S. TIPS Risk, Credit Risk, Lower-Grade and Unrated Securities Risk,
Leverage Risk, Issuer Risk, Country Risk, Prepayment Risk,
Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk,
Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller
Company Risk, and Market Disruption and Geopolitical Risk.

Investors should consider the investment objectives and policies,
risk considerations, charges and expenses of the Fund carefully before
they invest. For this and more information, please contact a
securities representative or Claymore Securities, Inc., 2455 Corporate
West Drive, Lisle, Illinois 60532, 800-345-7999.

Member FINRA/SIPC (9/08)

NOT FDIC-INSURED / NOT BANK-GUARANTEED / MAY LOSE VALUE

Claymore Securities, Inc.
Press and Analyst Inquiries:
William T. Korver, 630-505-3700
wkorver@claymore.com

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