EFL Eaton Vance Floating Rate 2022 Target Term Trust

Western Asset Emerging Markets Floating Rate Fund Inc. (NYSE:EFL) announces its portfolio composition as of September 30, 2006 Investment Objective: The Fund seeks to maintain a high level of current income. Portfolio Composition* Asset Allocations: Emerging Markets 90.42% Non-Investment Grade 54.65% Investment Grade 35.77% Cash & Other Securities 9.58% � Top Ten Emerging Markets: Russia 20.85% Mexico 19.50% Brazil 16.05% Venezuela 7.62% Argentina 5.06% Panama 4.86% Colombia 4.20% Peru 4.11% Turkey 3.65% Uruguay 1.63% � Average Credit Quality (S&P) BB+ Average Life (years) 7.89 *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: $63.040 million Leverage: 0.00% Reverse Repurchase Agreements**: 10.55% **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: $13.40 NAV: $14.65 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.0680 Frequency: Monthly Western Asset Emerging Markets Floating Rate Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol �EFL,� is advised 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. For more information, call 1-888-777-0102, or consult the Fund�s web site at www.leggmason.com/InvestorServices. Western Asset Emerging Markets Floating Rate Fund Inc. (NYSE:EFL) announces its portfolio composition as of September 30, 2006 Investment Objective: The Fund seeks to maintain a high level of current income. -0- *T Portfolio Composition* Asset Allocations: ---------------------------- Emerging Markets 90.42% Non-Investment Grade 54.65% Investment Grade 35.77% Cash & Other Securities 9.58% Top Ten Emerging Markets: ---------------------------- Russia 20.85% Mexico 19.50% Brazil 16.05% Venezuela 7.62% Argentina 5.06% Panama 4.86% Colombia 4.20% Peru 4.11% Turkey 3.65% Uruguay 1.63% Average Credit Quality (S&P) BB+ Average Life (years) 7.89 *T *Portfolio holdings and weightings are historical and for informational purposes only. They are subject to change at any time. -0- *T Inception Date: March 25, 1994 Total Net Assets: $63.040 million Leverage: 0.00% Reverse Repurchase Agreements**: 10.55% *T **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. -0- *T Market Price: $13.40 NAV: $14.65 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.0680 Frequency: Monthly *T Western Asset Emerging Markets Floating Rate Fund Inc., a non-diversified closed-end investment management company traded on the New York Stock Exchange under the symbol "EFL," is advised 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. For more information, call 1-888-777-0102, or consult the Fund's web site at www.leggmason.com/InvestorServices.