LMP Real Estate Income Fund Inc. as of September 30, 2009

Investment Objective: The Fund seeks high current income as a
primary objective and capital appreciation as a secondary objective.

Portfolio Composition:*
Common Stocks                                               57.4%
Preferred Stocks                                            41.4%
Cash                                                        1.2%
Total Number of Common Stocks:                              25
Total Number of Preferred Stocks:                           27
Total Number of Securities:                                 52
Total Number of Issuers:                                    41
Industry Allocations (%)
                                   Common        Preferred  Total
Office & Industrial                18.9          8.6        27.5
Retail                             10.4          12.3       22.7
Healthcare                         9.5           2.8        12.3
Net Lease                          8.2           2.8        11.0
Residential                        7.3           3.2        10.5
Other                              3.1           7.4        10.5
Hotel                              0.0           4.3        4.3
Cash                                                        1.2
Top 10 Holdings (%)
Urstadt Biddle Properties Series C PFD                      4.90
Camden Property Trust                                       4.08
Kimco Realty Series G PFD                                   3.97
Mack Cali Realty Corp                                       3.92
The Macerich Company                                        3.63
Public Storage Series L PFD                                 3.53
National Retail Properties                                  3.50
First Potomac Realty Trust                                  3.29
Kilroy Realty Corp                                          3.24
HRPT Properties Trust                                       2.93
Portfolio Statistics:
Inception Date                                              July 31, 2002
Inception Price                                             $15.00
Total Assets                                                $128,204,260
Net Assets**                                                $96,204,260
Loans***                                                    24.96%
Preferred Shares***                                         0.00%
Reverse Repos***                                            0.00%
Market Price:                                               $8.81
NAV                                                         $8.43
(Daily NAV is available on market quotation systems using the symbol
XRITX.)
Distribution Rate****                            $ 0.0800 per share
Frequency                          Monthly (declared quarterly, paid monthly)

*     Portfolio holdings and weightings are historical and are presented
      here for informational purposes only. They are subject to change at
      any time.
**    The difference between total assets and net assets, if any, is due
      primarily to the Fund's use of borrowings and other assets and
      liabilities; net assets do not include borrowings. The Fund may
      employ leverage in the form of loans, preferred stock, reverse
      repurchase agreements and/or other instruments. When the Fund
      engages in transactions that have a leveraging effect on the Fund's
      portfolio, the value of the Fund will be more volatile and all other
      risks will tend to be compounded.
***   Percentages are based on total assets.
****  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 will 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 any return of capital taxable to shareholders. Any such
      termination could have an adverse effect on the market price for the
      Fund's shares.

LMP Real Estate Income Fund Inc. is a non-diversified, closed-end
management investment company. Legg Mason Partners Fund Advisor, LLC, a
wholly-owned subsidiary of Legg Mason, Inc., serves as the Fund's
investment manager and AEW Capital Management, L.P., serves as the
Fund's sub-adviser.

An investment in the Fund involves risk, including loss of principal.
Investment return and the value of shares will fluctuate.

For more information, please call Investor Relations: 888-777-0102, or
consult the Fund's web site at www.leggmason.com/investorservices.

SOURCE: LMP Real Estate Income Fund Inc.

Investor Relations: 888-777-0102 
www.leggmason.com/investorservices

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