Western Asset Investment Grade Defined Opportunity Trust Inc. (“IGI”) Sets New Rate and Announces Distributions for the

  Western Asset Investment Grade Defined Opportunity Trust Inc. (“IGI”) Sets
  New Rate and Announces Distributions for the Months of December 2012,
  January and February 2013

Business Wire

NEW YORK -- November 13, 2012

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI)
today announced distributions for December 2012, January and February 2013.
The December distribution of $0.1000 per common share is comprised entirely of
short-term capital gain. Additionally, the Fund announced a supplemental
distribution from long-term capital gain of $0.0700 per common share for
December 2012. The January distribution of $0.1000 per common share is
comprised of $0.0154 of income and $0.0846 of short-term capital gain. The
February distribution of $0.1000 per common share is comprised entirely of
income. The Fund had previously paid a monthly distribution of $0.1045 per
share.

The distribution schedule appears below:

Month     Ex-Date     Record Date  Payable Date  Amount   Type
December   12/12/2012   12/14/2012    12/21/2012     $0.1000   Short-Term
                                                               Capital Gain
December   12/12/2012   12/14/2012    12/21/2012     $0.0700   Long-Term
                                                               Capital Gain
January    01/16/2013   01/18/2013    01/25/2013     $0.0154   Income
January    01/16/2013   01/18/2013    01/25/2013     $0.0846   Short-Term
                                                               Capital Gain
February   02/13/2013   02/15/2013    02/22/2013     $0.1000   Income

The Fund has decreased its distributions to a level that better approximates
the current level of net investment income generated by its investment
portfolio. As the Fund reinvests principal and

income, it reinvests at lower levels as yields remain at historic lows.

This press release is not for tax reporting purposes but is being provided to
announce the amount of the Fund's distributions that have been declared by the
Board of Directors. In early 2013 and early 2014, 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 prior calendar
year should be characterized for purposes of reporting the distributions on a
shareholder’s tax return (e.g., ordinary income, long-term capital gain or
return of capital).

Western Asset Investment Grade Defined Opportunity Trust Inc., a
non-diversified, limited-term, closed-end management investment company, is
managed 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 investment manager.

Contact the Fund at 1-888-777-0102 for additional information, or consult the
Fund's web site at www.lmcef.com.

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling shares
of the Fund.

Contact:

Western Asset Investment Grade Defined Opportunity Trust Inc.
Media Contact:
Maria Rosati, 212-805-6036
mrosati@leggmason.com
 
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