EFL Eaton Vance Floating Rate 2022 Target Term Trust

Salomon Brothers Emerging Markets Floating Rate Fund Inc. (NYSE: EFL) announces its portfolio composition as of March 31, 2006. Investment Objective: The Fund seeks to maintain a high level of current income. -0- *T Portfolio Composition* Asset Allocations: ------------------ Emerging Markets 99.00% Non-Investment Grade 76.76% Investment Grade 22.24% Cash & Other Securities 1.00% Top Ten Emerging Markets: ------------------------- Brazil 18.48% Russia 12.14 Mexico 10.10 Colombia 7.53 Peru 7.49 Turkey 7.41 Panama 7.11 Venezuela 7.09 Argentina 5.27 Philippines 4.97 Average Credit Quality (S&P) BB Average Life (years) 7.01 Currency Allocation: -------------------- US Dollar: 100% *Portfolio holdings and weightings are historical and for informational purposes only. They are subject to change at any time. Inception Date: March 25, 1994 Total Net Assets: $65.168 million Leverage: 17.47% Reverse Repurchase Agreements**: 6.65 **Due to the Fund having established a segregated account in which it maintains cash and/or liquid securities equal in value to its obligations in respect of the reverse repurchase agreements, these agreements are not considered to be leverage of a "senior security" for purposes of the asset coverage requirements under the 1940 Act, although they may have the same economic effect as other types of leverage. Market Price: $13.75 NAV: $15.14 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.0680 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, a wholly owned subsidiary of Legg Mason, Inc. For more information, call 1-888-777-0102, or consult the Fund's web site at www.leggmason.com/InvestorServices. Note: On December 1, 2005, Citigroup Inc. ("Citigroup") sold substantially all of its worldwide asset management business, Citigroup Asset Management ("CAM"), to Legg Mason, Inc. ("Legg Mason"). As part of this transaction, the investment adviser for the fund(s) referenced herein became a wholly owned subsidiary of Legg Mason. Under a licensing agreement between Citigroup and Legg Mason, the names of the funds, the names of any classes of shares of funds, and the names of investment advisers of the funds, as well as all logos, trademarks, and service marks related to Citigroup or any of its affiliates ("Citi Marks") are licensed for use by Legg Mason. Citi Marks include, but are not limited to, "Smith Barney," "Salomon Brothers," "Citi," and "Citigroup Asset Management". Legg Mason and its affiliates, as well as the Fund's investment adviser, are not affiliated with Citigroup. All Citi Marks are owned by Citigroup, and are licensed for use until no later than one year after the date of the licensing agreement.