SCD LMP Capital and Income Fund Inc

LMP Capital and Income Fund Inc., which is listed on the New York Stock Exchange under the symbol ๏ฟฝSCD,๏ฟฝ today announced distributions for the months of June, July, August and September of $0.140000 per common share from realized capital gains. The Fund had previously paid a distribution of $0.100000 per common share per month. The distribution schedule, distribution amounts and type of distribution for the months of June, July, August and September 2007 appear below: Month Ex-Date Record Date Payable Date Amount Type June 06/20/07๏ฟฝ 06/22/07๏ฟฝ 06/29/07๏ฟฝ $ 0.140000๏ฟฝ Long-Term Capital Gain July 07/18/07๏ฟฝ 07/20/07๏ฟฝ 07/27/07๏ฟฝ $ 0.140000๏ฟฝ Long-Term Capital Gain August 08/22/07๏ฟฝ 08/24/07๏ฟฝ 08/31/07๏ฟฝ $ 0.140000๏ฟฝ Long-Term Capital Gain September 09/19/07๏ฟฝ 09/21/07๏ฟฝ 09/28/07๏ฟฝ $ 0.068919๏ฟฝ Short-Term Capital Gain September 09/19/07๏ฟฝ 09/21/07๏ฟฝ 09/28/07๏ฟฝ $ 0.071081๏ฟฝ Long-Term Capital Gain In declaring the new rate, the Fund cited its existing accumulated realized long-term and short-term capital gains that, under the terms of its Managed Distribution Policy, are available to increase the Fund๏ฟฝs monthly distribution rate. ๏ฟฝWe are pleased that the Fund๏ฟฝs recent NAV performance has generated solid returns. Working with the Fund๏ฟฝs Board, we considered what would be the best method by which to make distributions (that would include the Fund๏ฟฝs currently recognized capital gains) to our shareholders on an ongoing basis. By increasing the monthly distribution by 40 percent, or $0.04 per share, we believe that all of our shareholders will benefit,๏ฟฝ stated Robert Gendelman, who has been the portfolio manager of LMP Capital and Income Fund since July 2006. Pursuant to its Managed Distribution Policy, the Fund intends to make regular monthly distributions to shareholders of its common stock at a fixed rate per common share, which may be adjusted from time to time by the Fund's Board of Directors. Under the Fund's Managed Distribution Policy, if, for any monthly distribution, the total of net investment income and net realized capital gain is less than the amount of the distribution, the difference will be distributed from the Fund's assets (and constitute a "return of capital"). The Board of Directors may terminate the Managed Distribution Policy at any time, including when certain events would make part of the return of capital taxable to shareholders. Any such termination could have an adverse effect on the market price for Fund's shares. This press release is not for tax reporting purposes and is being provided to announce the amount of the Fund's distributions that have been declared by the Board of Directors. In early 2008, after definitive information is available, the Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by the Fund during the calendar year 2007 should be characterized for purposes of reporting the distributions on a shareholder๏ฟฝs tax return (e.g., ordinary income, long-term capital gain or return of capital). LMP Capital and Income Fund Inc., is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc. and is sub-advised by ClearBridge Advisors, LLC, Western Asset Management Company and Western Asset Management Company Limited, affiliates of the adviser. For more information, call Investor Relations at 1-888-777-0102 or visit the Fund๏ฟฝs web site at www.leggmason.com/InvestorServices.