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 March 31, 2007. Investment Objective: The Fund seeks to maintain a high level of current income. Portfolio Composition* � Asset Allocation: Emerging Markets 97.41% Non-Investment Grade 49.75% Investment Grade 47.66% Cash & Other Securities 2.59% � Quality Allocation (S&P): AAA 0.96% AA 0.00% A 2.17% BBB 45.91% BB 36.37% B 12.96% CCC 1.27% Unrated 0.37% � Top Ten Emerging Markets: Russia 22.95% Mexico 22.39% Brazil 16.80% Venezuela 8.03% Argentina 4.92% Colombia 4.89% Turkey 4.20% Panama 3.85% Kazakhstan 3.55% Uruguay 1.91% � Average Credit Quality (S&P) BB+ Average Life (years) 5.92� Effective Duration (years) 0.88� *Portfolio holdings and weightings are historical and for informational purposes only. They are subject to change at any time. Portfolio Statistics Inception Date: March 25, 1994 Total Net Assets: $61.431 million Leverage: 0.00% Reverse Repurchase Agreements**:0.00% **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: $13.56 NAV: $14.27 (Daily NAV is available on market quotation systems using the symbol XEFLX.) Distribution Rate: $0.0750 Frequency: Monthly (Declared quarterly, paid 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.