EFL Eaton Vance Floating Rate 2022 Target Term Trust

Salomon Brothers Emerging Markets Floating Rate Fund Inc. (NYSE: EFL) as of March 31, 2005. Investment Objective: The Fund seeks to maintain a high level of current income. -0- *T Portfolio Composition* Asset Allocations: ------------------ Emerging Market Bonds 99.51% Cash 0.49 Top Ten Emerging Market Debt Countries: --------------------------------------- Brazil 23.98% Russia 15.71 Mexico 14.69 Venezuela 6.75 Turkey 6.48 Peru 5.81 Panama 4.78 Colombia 4.76 Ecuador 4.67 Philippines 4.47 Currency Allocation: -------------------- US Dollar: 100% *Portfolio holdings and weightings are subject to change at any time. Inception Date: March 25, 1994 Total Net Assets: $59.640 million Average Credit Quality Ba2 (Moody's) / BB (S&P) Leverage: 20.21% Market Price: $12.83 NAV: $13.86 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.0590 per share long-term cap gain payable 6/24/05 $0.0540 per share payable 7/29/05, 8/26/05 (Declared 5/5/05) Frequency: Monthly *T Salomon Brothers Emerging Markets Floating Rate Fund Inc., a non-diversified investment management company traded on the New York Stock Exchange under the symbol "EFL," is managed by Salomon Brothers Asset Management Inc, an indirect wholly owned subsidiary of Citigroup Inc. For more information, call 1-888-777-0102 or 1-800-SALOMON, or consult the Fund's web site at www.sbam.com.