Western Asset Managed Municipals Fund Inc. Announces Financial Position as of August 31, 2009

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NEW YORK--(Business Wire)--
Western Asset Managed Municipals Fund Inc., which is listed on the New York
Stock Exchange under the symbol "MMU", today announced the financial position of
the Fund as of August 31, 2009.

Current Q Previous Q Prior Yr Q
August 31, 2009 May 31, 2009 August 31, 2008
Total Assets (a) $ 764,341,260 $ 763,959,825 $ 754,083,812
Total Net Assets (a) $ 511,161,679 $ 494,582,486 $ 493,232,576
NAV Per Share of Common Stock (b) $ 12.20 $ 11.80 $ 11.77
Market Price Per Share $ 11.75 $ 11.10 $ 10.85
Premium / (Discount) (3.69)% (5.93)% (7.82)%
Outstanding Shares 41,915,511 41,915,511 41,915,511

Total Net Investment Income (c)(d) $ 9,237,684 $ 8,897,321 $ 8,587,414
Total Net Investment Income Per Share (c)(d)† $ 0.22 $ 0.21 $ 0.20

Distributions paid to Preferred Shareholders
from Net Investment Income (c) $ (310,197) $ (453,388) $ (1,722,467)
Distributions paid to Preferred Shareholders
from Net Investment Income Per Share (c)† $ (0.01) $ (0.01) $ (0.04)

Total Net Realized/Unrealized Gain/(Loss) (c) $ 15,206,550 $ 35,997,370 $ (13,382,594)
Total Net Realized/Unrealized Gain/(Loss) Per Share (c)† $ 0.36 $ 0.86 $ (0.32)

Undistributed/(Overdistributed) Net Investment Income (e) $ 8,674,193 $ 6,662,766 $ 1,985,642
Undistributed/(Overdistributed) Net Investment Income
Per Share (e)† $ 0.21 $ 0.16 $ 0.05

Footnotes:
(a) The difference between total assets and total net assets is due primarily to the issuance of preferred stock; total net assets do not include the redemption value of preferred stock.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) Excludes distributions paid to preferred stockholders from net investment income.
(e) As of the period indicated above.
† Per Share Information based on shares of Common Stock outstanding.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and
Exchange Commission as well as its complete schedule of portfolio holdings for
the first and third quarters of each fiscal year on Form N-Q.These reports are
available on the Commission`s website at www.sec.gov. To obtain information on
Form N-Q or a semi-annual or annual report from the Fund, shareholders can call
1-888-777-0102.

Western Asset Managed Municipals Fund Inc., a non-diversified investment
management company, is managed 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 adviser.

Contact the Fund at 1-888-777-0102 for additional information, or consult the
Fund`s website at www.leggmason.com/cef.

All data and commentary provided within this press release is for informational
purposes only. Legg Mason, Inc. and all of its affiliates do not engage in
selling any of the shares of the Fund. The Fund's common shares are traded on
the New York Stock Exchange.

Legg Mason & Co., LLC
Brenda Grandell, 1-212-857-8087
Director, Closed-End Funds

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