Western Asset Emerging Markets Debt Fund Inc. Portfolio Composition as of December 31, 2015

Asset Allocation

Emerging Market Debt

95.4

%

Sovereign Debt External Currency

70.6

%

Sovereign Debt Local Currency

0.8

%

Corporates External Currency

23.6

%

Corporates Local Currency

0.4

%

Cash & Other Securities

4.6

%

Credit Quality Allocation**

AA

5.2

%

A

13.9

%

BBB

44.2

%

BB

19.4

%

B

6.0

%

CCC

6.4

%

Not Rated

4.8

%

Top Ten Emerging Market Countries

Mexico

12.3

%

Russia

8.3

%

Indonesia

8.2

%

Turkey

7.3

%

Colombia

5.0

%

Brazil

5.0

%

Peru

5.0

%

China

4.6

%

Venezuela

4.0

%

Chile

3.2

%

Currency Allocation

US Dollar

100.4

%

Mexican Peso

0.9

%

Indian Rupee

0.9

%

China Offshore Renminbi

0.2

%

Singapore Dollar

-0.8

%

Brazilian Real

-1.6

%

Average Life (years)

8.7

Average Effective Duration (years)

6.5

Average Coupon (%)

5.9

Portfolio Statistics:

Inception Date

December 1, 2003

Inception Price

$

20.00

Total Assets***

$

606,521,226

Net Assets

$

504,067,627

Loans****

16.78

%

Preferred Shares****

0.00

%

Reverse Repos****

0.00

%

Market Price

$

13.73

NAV

$

16.37

(Daily NAV is available on market quotation systems using the symbol XESDX.)

Distribution Rate*****

Frequency

Portfolio holdings and weightings are historical and are presented here for
informational purposes only. They are subject to change at any time.
Negative allocations and allocations in excess of 100%, if any, are primarily
due to the Fund's unsettled trade activity.

Credit quality is a measure of a bond issuer's ability to repay interest and
principal in a timely manner. The credit ratings shown are based on each
portfolio security’s rating as provided by Standard and Poor’s, Moody’s
Investors Service and/or Fitch Ratings, Ltd. and typically range from AAA
(highest) to D (lowest), or an equivalent and/or similar rating. For this
purpose, when two or more of the agencies have assigned differing ratings
to a security, the lowest rating is used. Securities that are unrated by all
three agencies are reflected as such. The credit quality of the investments
in the Fund's portfolio does not apply to the stability or safety of the Fund.
These ratings are updated monthly and may change over time. Please
note, the Fund itself has not been rated by an independent rating
agency.

The difference between total assets and net assets, if any, is due primarily
to the Fund’s use of borrowings; 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. If the Fund employs leverage, the
Effective Duration is based on net 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 modify, terminate or
suspend the managed distribution policy at any time, including when certain
events would make part of any return of capital taxable to shareholders.
Any such modification, termination or suspension could have an adverse
effect on the market price for the Fund's shares.