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 December 29, 2006 Investment Objective: The Fund seeks to maintain a high level of current income. Portfolio Composition* Asset Allocations: Emerging Markets 90.99% Non-Investment Grade 52.87% Investment Grade 38.12% Cash & Other Securities 8.88% � Top Ten Emerging Markets: Russia 20.92% Mexico 19.96% Brazil 15.90% Venezuela 10.01% Colombia 4.29% Peru 4.23% Turkey 3.87% Argentina 3.74% Panama 3.18% Uruguay 1.90% � 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: $61.075 million Leverage: 0.00% Reverse Repurchase Agreements**: 12.62% **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: $13.72� NAV: $14.19� (Daily NAV is available on market quotation systems using the symbol XEFLX.) Dividend Rate: $0.0750� 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.