WIA Western Asset Inflation Linked Income Fund

Western Asset/Claymore U.S. Treasury Inflation Protected Securities Fund (NYSE:WIA) today declared its February monthly dividend of $0.052500 per share. This represents a distribution rate of 5.19% based upon the closing market price of $12.13 on January 31, 2006. Dividends will be paid on February 28, 2006 to shareholders of record as of February 15, 2006. The ex-dividend date will be February 13, 2006. The Fund has completed the final determination of the tax characteristics for 2005 distributions with the appropriate information included on Form 1099-DIV. During 2005, the Fund paid distributions totaling $0.931250 per share, all of which were classified as ordinary dividends for tax purposes. Of this amount, 81.52% were from Direct U.S. Government Obligations. Additional information on the Fund's tax characteristics can be found at www.westernclaymore.com/taxInfo.aspx. Western Asset Management Company, a subsidiary of Legg Mason, Inc., is the Fund's Investment Adviser. Founded in 1971, with offices in Pasadena, London and Singapore, Western Asset manages $249.2 billion in assets as of December 31, 2005. Claymore Securities, Inc. is the Fund's Servicing Agent. Claymore is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on over $12 billion in assets through closed-end funds, unit investment trusts, mutual funds and separately managed accounts. Additional information on Claymore's closed-end funds is available at www.claymore.com/products/CEFs.aspx. This information does not represent an offer to sell securities of the Fund and it is not soliciting an offer to buy securities of the Fund. There can be no assurance that the Fund will achieve its investment objectives. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations. Such risks and considerations include, but are not limited to: Investment Risk, Market Discount Risk, Interest Rate Risk, U.S. TIPS Risk, Credit Risk, Lower-Grade and Unrated Securities Risk, Leverage Risk, Issuer Risk, Country Risk, Prepayment Risk, Reinvestment Risk, Derivatives Risk, Inflation/Deflation Risk, Mortgage-Related Securities Risk, Management Risk, Turnover Risk, Anti-Takeover Provisions, Smaller Company Risk, and Market Disruption and Geopolitical Risk. Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before they invest. For this and more information, please contact a securities representative or Claymore Securities, Inc., 2455 Corporate West Drive, Lisle, Illinois 60532, 800-345-7999. The Fund's common shares do not represent a deposit or obligation of, and are not guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other government agency.