UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number		811-8985

LMP Corporate Loan Fund Inc.
(Exact name of registrant as specified in charter)

55 Water Street, New York, NY			10041
(Address of principal executive offices)			(Zip code)

Robert I. Frenkel, Esq. Legg Mason & Co., LLC 300 First Stamford Place Stamford, CT 06902
(Name and address of agent for service)

Registrant’s telephone number, including area code:		1-800-451-2010

Date of fiscal year end:	September 30

Date of reporting period:	June 30, 2008

ITEM 1. SCHEDULE OF INVESTMENTS

LMP CORPORATE LOAN FUND INC.

FORM N-Q

JUNE 30, 2008

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited)

June 30, 2008

Face Amount		Security (a)(b)	Value
COLLATERALIZED SENIOR LOANS — 96.6%
Aerospace/Defense — 2.6%
$	1,500,000	Be Aerospace Inc., Term Loan B, 4.240% to 4.780% due 10/20/08	$	1,500,938
1,339,526		CACI International Inc., Term Loan, 3.950% to 4.320% due 9/17/08	1,320,271
1,161,161		ILC Industries Inc., First Lien Term Loan, 4.801% due 9/30/08	1,132,132
1,536,757		Transdigm Inc., Term Loan B, 4.801% due 9/23/08	1,494,256
		Total Aerospace/Defense	5,447,597
Automotive — 2.9%
		Hertz Corp.:
185,233		Synthetic Letter of Credit, 2.801% due 9/22/08	175,740
762,795		Term Loan, 4.230% to 4.480% due 7/21/08	723,702
1,212,750		Kar Holdings, Term Loan B, 5.060% due 9/30/08	1,099,813
521,842		Keystone Automotive Industries Inc., Term Loan B, 5.950% to 6.399% due 8/27/08	423,996
		Mark IV Industries Inc.:
443,910		First Lien Term Loan, 7.140% to 8.260% due 12/19/08	331,822
250,000		Second Lien Term Loan, 11.140% to 11.990% due 12/29/08	104,375
2,186,732		Tire Rack Inc., Term Loan B, 4.430% due 7/1/08	2,088,329
1,182,507		United Components Inc., Term Loan D, 4.580% to 4.720% due 8/11/08	1,135,207
		Total Automotive	6,082,984
Broadcast Radio and Television — 4.5%
2,276,786		Citadel Communication Group, Term Loan B, 4.115% to 4.435% due 9/30/08	1,977,958
1,056,567		CMP Susquehanna Corp., Term Loan B, 4.505% to 4.513% due 7/30/08	874,309
2,461,153		Lodgenet Entertainment Corp., Term Loan B, 4.810% due 9/30/08	2,278,104
2,785,659		National Cinemedia Inc., Term Loan B, 4.540% due 9/15/08	2,558,330
2,000,000		Univision Communications, Term Loan B, 4.733% to 5.149% due 7/31/08	1,651,250
		Total Broadcast Radio and Television	9,339,951
Building and Development — 5.0%
		Building Materials Holding Corp.:
672,775		Second Lien Term Loan, 8.313% due 7/28/08	538,780
1,637,687		Term Loan, 5.688% due 7/23/08	1,462,455
1,627,960		Capital Automotive REIT, Term Loan, 4.210% due 7/1/08	1,577,340
617,467		Contech Construction Products Inc., Term Loan, 4.490% to 4.770% due 8/7/08	543,371
586,401		Custom Building Products Inc., Term Loan B, 4.733% to 5.051% due 9/30/08	513,101
1,127,777		Infrastrux Group Inc., Term Loan B, 6.881% due 7/1/08 (c)	1,054,471
1,306,029		Panolam Industries International, Term Loan, 5.551% due 9/30/08	1,175,426
		Pike Electric Inc.:
906,996		Term Loan B, 4.000% due 7/14/08	879,219
202,688		Term Loan C, 4.000% due 7/21/08	196,481
1,211,262		Shea Capital I LLC, Term Loan, 5.000% to 5.500% due 9/30/08	859,996
2,500,000		South Edge LLC, Term Loan C, 5.250% due 7/31/08	1,556,250
		Total Building and Development	10,356,890
Business Equipment and Services — 8.3%
2,209,821		Asurion Corp., First Lien Term Loan, 5.784% due 8/6/08	2,058,817
1,203,563		Beacon Sales Acquisition Inc., Term Loan B, 4.649% to 5.750% due 9/30/08	1,032,055
1,335,450		Belfor U.S.A., Term Loan B, 5.456% due 7/3/08	1,328,772
442,610		Bright Horizons Family Solutions, Term Loan B, 7.500% due 12/31/08	436,939
		Deluxe Entertainment Service Group Inc.:
96,596		Canadian Term Loan, 5.051% due 9/30/08	86,936
51,540		Letter of Credit, 4.946% due 7/1/08	46,386
100,000		Second Lien Term Loan, 8.696% due 7/1/08	65,000
1,016,662		Term Loan, 4.899% to 5.149% due 9/30/08	914,995

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

Face Amount		Security (a)(b)	Value
Business Equipment and Services — 8.3% (continued)
$	1,164	Educate Services Inc., First Lien Term Loan, 5.051% to 6.250% due 9/30/08	$	1,164
825,000		Intralinks Inc., Term Loan, 5.551% due 9/30/08	693,000
		JHCI Acquisitions Inc.:
580,486		First Lien Term Loan, 4.990% due 8/1/08	463,422
533,333		Second Lien, 7.990% due 8/1/08	385,333
457,143		Lender Processing Services Inc., 4.963% due 7/31/08	452,572
834,403		Maxim Crane Works, L.P., Term Loan B, 4.450% to 6.000% due 9/30/08	831,795
1,870,313		Metavante Corp., Term Loan B, 4.621% due 8/1/08	1,795,500
1,829,731		N.E.W. Customer Services Cos. Inc., First Lien Term Loan, 5.149% to 5.399% due 9/10/08	1,659,337
789,666		NCO Group, Term Loan, 6.890% to 7.060% due 9/29/08	762,686
687,500		Neff Corp., Second Lien Term Loan, 6.397% due 12/4/08	472,084
1,697,713		Riskmetrics Group Holdings LLC, Term Loan B, 4.946% due 7/1/08	1,651,026
1,860,902		U.S. Investigations Services LLC, Term Loan, 5.551% due 9/22/08	1,727,537
375,742		Verifone Inc., Term Loan, 5.650% due 7/30/08	360,712
		Total Business Equipment and Services	17,226,068
Cable and Satellite Television — 2.3%
579,992		Bragg Communications Inc., Term Loan B Tranche Two, 5.182% due 9/2/08	574,192
2,700,000		Insight Midwest Holdings LLC, Term Loan B, 4.690% due 7/2/08	2,602,133
1,000,000		Intelsat (Bermuda) Ltd., Term Loan, 5.200% due 7/7/08	1,007,761
623,304		NTL Investment Holdings Ltd., Term Loan B4, 4.937% due 7/23/08	599,619
		Total Cable and Satellite Television	4,783,705
Chemicals/Plastics — 4.8%
818,867		Hercules Inc., Term Loan B, 3.983% due 7/31/08	803,001
		Hexion Specialty Chemicals, Inc.:
1,686,636		Term Loan C4, 5.000% due 8/6/08	1,522,189
794,470		Term Loan C5, 5.063% due 9/30/08	717,009
510,968		Huish Detergents Inc., Term Loan B, 4.810% due 9/30/08	463,703
		Kik Custom Products:
94,967		Canadian Term Loan, 5.170% due 7/25/08	71,859
583,334		Second Lien Term Loan, 7.920% due 7/25/08	246,945
553,975		Term Loan B, 5.170% due 7/25/08	419,175
424,925		Polypore Inc., Term Loan B, 4.740% due 7/30/08	408,725
2,667,500		Rockwood Specialties Group Inc., Tranche E Term Loan, 4.399% due 7/31/08	2,576,042
		Texas Petrochemicals Corp.:
379,306		Letter of Credit, 5.375% due 9/30/08	354,652
1,123,766		Term Loan B, 5.375% to 5.438% due 9/30/08	1,050,721
1,448,982		Unifrax Corp., Term Loan B, 4.750% due 7/31/08	1,369,288
		Total Chemicals/Plastics	10,003,309
Conglomerates — 0.7%
		TriMas Corp.:
281,250		Letter of Credit, 4.803% due 7/1/08	266,485
1,197,422		Term Loan B, 5.157% due 7/28/08	1,134,557
		Total Conglomerates	1,401,042
Containers and Glass Products — 2.2%
		Crown Americas LLC:
980,000		Term Loan, 4.426% due 8/15/08	957,950
1,960,000		Term Loan B, 4.426% due 8/15/08	1,915,900
1,795,024		Graphic Packaging International Inc., First Lien Term Loan, 4.698% to 4.920% due 7/25/08	1,701,747
		Total Containers and Glass Products	4,575,597

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

Face Amount		Security (a)(b)	Value
Cosmetics/Personal Care — 0.5%
$	1,244,013	Vi-Jon, Term Loan B, 4.788% to 5.230% due 8/19/08	$	1,141,382

Drugs — 2.1%
1,117,987		Cardinal Health Inc., Dollar Term Loan, 5.051% due 9/30/08	999,900
3,295,778		Royalty Pharma Finance Trust, Term Loan, 5.051% due 9/30/08	3,282,390
		Total Drugs	4,282,290
Ecological Services and Equipment — 0.9%
1,997,443		IESI Corp., Term Loan, 4.445% to 5.000% due 12/31/08	1,940,017

Electronics/Electric — 5.2%
		Bridge Information Systems Inc.:
401,726		Multi-Draw Term Loan, 7.750% due 9/30/08 (d)	12,855
745,037		Term Loan B, 8.000% due 9/30/08 (d)	23,841
		Dealer Computer Services:
1,000,000		Second Lien Term Loan, 8.301% due 9/30/08	962,500
1,948,903		Term Loan, 4.801% due 9/30/08	1,859,984
2,250,106		Intergraph Corp., First Lien Term Loan, 4.646% due 8/28/08	2,165,727
1,196,000		Macrovision Solutions Corp., Term Loan, 7.250% due 7/2/08	1,197,495
1,602,956		Sabre Inc., Term Loan B, 4.483% to 4.899% due 7/31/08	1,328,737
2,227,500		Travelport, Delayed Draw Term Loan, 4.733% due 7/31/08	2,013,103
1,226,925		Vertafore Inc., First Lien Term Loan, 5.138% due 8/26/08	1,159,444
		Total Electronics/Electric	10,723,686
Equipment Leasing — 0.5%
1,026,095		Rent-a-Center Inc., Term Loan B, 4.470% to 4.570% due 9/19/08	995,312

Finance — 0.1%
262,197		CB Richard Ellis Group Inc., Term Loan B, 3.982% due 7/21/08	247,940

Food Products — 4.6%
		American Seafoods Group LLC:
1,043,838		Term Loan B1, 4.551% due 9/30/08	994,255
821,086		Term Loan B2, 4.551% due 9/30/08	782,084
860,862		Birds Eye Foods Inc., Term Loan, 4.560% due 9/30/08	826,428
1,665,567		Michael Foods Inc., Term Loan B-1, 4.845% to 5.194% due 12/19/08	1,632,256
1,751,255		NPC International, Term Loan B, 4.230% to 4.620% due 9/30/08	1,619,911
1,346,599		Pinnacle Foods Group Inc., Term Loan B, 5.209% to 5.558% due 10/2/08	1,258,734
2,791,829		Reddy Ice Group Inc., Term Loan, 4.460% due 7/15/08	2,428,891
		Total Food Products	9,542,559
Food/Drug Retailers — 1.6%
1,051,606		General Nutrition Centers, Term Loan B, 4.940% to 5.060% due 9/30/08	969,230
1,860,867		Sbarro Inc., Term Loan B, 4.983% due 7/31/08	1,549,172
933,916		Smart & Final, First Lien Term Loan, 5.483% to 5.920% due 9/30/08	863,872
		Total Food/Drug Retailers	3,382,274
Forest Products — 2.0%
2,887,500		Domtar Inc., Term Loan, 3.858% due 7/31/08	2,795,911
		Smurfit-Stone Container Corp.:
261,990		Deposit Funded Loan, 4.684% due 7/1/08	255,040
293,721		Term Loan B, 4.500% to 4.688% due 9/3/08	285,929
557,956		Term Loan C, 4.500% to 4.688% due 9/3/08	543,155
181,744		Term Loan C1, 4.500% due 7/1/08	176,923
		Total Forest Products	4,056,958

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

Face Amount		Security (a)(b)	Value
Healthcare — 7.7%
$	1,759,291	AMN Healthcare, Term Loan B, 4.551% due 9/30/08	$	1,718,607
		Carestream Health Inc.:
1,402,649		First Lien Term Loan, 4.483% to 4.899% due 9/30/08	1,250,696
1,000,000		Second Lien Term Loan, 7.899% to 8.149% due 8/29/08	716,667
3,250,000		Davita Inc., Term Loan B1, 3.990% to 4.220% due 8/26/08	3,129,548
1,399,219		DJO Finance LLC, Term Loan B, 5.483% to 5.801% due 9/30/08	1,364,238
2,464,461		Education Management Corp., Term Loan B, 4.563% due 9/30/08	2,286,815
1,102,493		Fresenius Medical Care Holdings Inc., Term Loan B, 4.019% to 4.184% due 9/30/08	1,072,863
1,702,898		Medassets Inc., Term Loan B, 6.696% to 6.801% due 9/30/08	1,690,126
		Talecris Biotherepeutics Inc.:
477,558		First Lien Term Loan, 6.180% due 8/14/08	440,547
930,851		Second Lien Term Loan, 9.180% due 8/14/08	843,584
1,545,173		Vicar Operating Inc., Term Loan, 4.000% due 7/31/08	1,498,818
		Total Healthcare	16,012,509
Home Furnishings — 0.5%
		BL Sleep Innovations:
500,000		Second Lien Term Loan, 10.790% due 9/12/08	26,875
1,098,493		Term Loan, 5.000% to 6.290% due 9/30/08	313,071
750,269		Simmons Co., Term Loan D, 4.500% to 7.250% due 12/31/08	698,688
		Total Home Furnishings	1,038,634
Hotels/Motels/Inns and Casinos — 4.4%
2,724,212		Alliance Gaming Corp., Term Loan B, 7.364% due 7/9/08	2,700,375
1,836,745		Ameristar Casinos Inc., Initial Term Loan, 5.017% due 8/29/08	1,781,643
2,431,250		Penn National Gaming Inc., Term Loan B, 4.200% to 4.660% due 8/8/08	2,362,027
		Seminole Tribe of Florida:
292,713		Term Loan, 4.188% to 4.313% due 9/24/08	284,114
1,053,745		Term Loan B2, 4.188% due 9/2/08	1,022,791
1,002,024		Term Loan B3, 4.250% due 7/15/08	972,590
		Total Hotels/Motels/Inns and Casinos	9,123,540
Industrial Equipment — 3.5%
1,547,237		Baldor Electric Co., Term Loan B, 4.250% to 4.688% due 7/30/08	1,498,112
1,718,709		Flowserve Corp., Term Loan, 4.250% to 4.313% due 9/30/08	1,669,296
		LN Acquisition Corp.:
150,000		Delayed Draw Term Loan B, 5.400% to 6.500% due 9/30/08	142,500
400,000		First Lien Term Loan, 5.000% to 5.400% due 9/30/08	380,000
277,778		Second Lien Term Loan, 8.460% due 7/14/08	258,333
1,895,679		Oshkosh Truck Corp., Term Loan B, 4.200% to 4.430% due 9/8/08	1,785,099
		Veyance Technologies Inc.:
218,202		Delayed Draw Term Loan, 4.990% due 7/30/08	197,200
1,523,575		Term Loan B, 5.400% due 7/30/08	1,376,931
		Total Industrial Equipment	7,307,471
Leisure — 5.0%
685,537		Amscan Holdings Inc., Term Loan B, 4.733% to 6.250% due 9/30/08	606,701
		Auto Europe Group LLC:
645,476		First Lien Term Loan, 5.233% due 7/31/08	635,794
1,000,000		Second Lien Term Loan, 8.983% due 7/31/08	935,000
2,915,358		Regal Cinemas Inc., Term Loan, 4.301% due 9/30/08	2,768,780
1,852,069		Universal City Development Partners, L.P., Term Loan B, 4.210% to 4.470% due 8/20/08	1,805,767
2,229,562		Warner Music Group Acquisition Corp., Term Loan, 4.481% to 4.920% due 8/29/08	2,116,226

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

Face Amount		Security (a)(b)	Value
Leisure — 5.0% (continued)
$	1,813,202	Zuffa, Term Loan B, 4.563% due 7/23/08	$	1,554,821
		Total Leisure	10,423,089
Non-Ferrous Metals/Materials — 2.3%
1,042,222		Compass Minerals Group Inc., Term Loan, 3.990% to 6.590% due 9/30/08	1,009,653
		Novelis, Inc.:
395,168		CA Term Loan, 4.810% due 9/30/08	378,209
869,370		US Term Loan, 4.810% due 9/30/08	832,059
		Oxbow Carbon and Minerals Holdings LLC:
71,889		Delayed Draw Term Loan B, 4.801% due 9/30/08	68,025
803,014		Term Loan, 4.471% to 5.500% due 9/30/08	759,852
1,682,571		Walter Industries Inc., Term Loan B, 5.483% to 5.801% due 9/30/08	1,636,300
		Total Non-Ferrous Metals/Materials	4,684,098
Oil & Gas — 7.2%
		Alon USA Inc.:
316,229		Edgington Term Loan, 4.899% due 8/29/08	272,747
2,529,833		Paramount Term Loan, 4.733% to 4.899% due 8/29/08	2,181,981
1,434,374		Astoria Generating Co. Acquisitions LLC, Term Loan B, 4.430% due 8/25/08	1,389,550
		Coffeyville Resources LLC:
345,413		Letter of Credit, 5.448% due 7/1/08	328,142
1,120,885		Tranche D Term Loan, 5.448% to 6.750% due 9/30/08	1,064,841
1,223,046		Dresser Inc., Term Loan B, 4.983% to 5.219% due 8/18/08	1,179,628
813,706		Helix Energy Solutions Group Inc., Term Loan B, 4.483% to 4.710% due 7/31/08	792,346
1,573,822		Hercules Offshore Inc., Term Loan B, 4.450% due 7/1/08	1,531,853
1,247,763		Semgroup, L.P., Term Loan, 4.899% due 7/30/08	1,216,568
		Targa Resources:
378,682		Synthetic Letter of Credit, 4.696% due 7/7/08	369,530
667,016		Term Loan B, 4.649% to 4.801% due 9/30/08	650,896
1,859,244		Volnay Acquisition Co. I, Term Loan B, 4.483% to 4.801% due 9/30/08	1,827,289
2,298,214		Western Refining Co., L.P., Term Loan, 4.649% due 7/30/08	2,148,830
		Total Oil & Gas	14,954,201
Publishing — 3.9%
1,576,991		Advanstar Communications Inc., First Lien Term Loan, 5.051% due 9/30/08	1,308,902
2,500,000		Dex Media East LLC, Delayed Draw Term Loan B, 4.490% to 4.810% due 9/30/08	2,261,457
		Gatehouse Media Operating Inc.:
262,973		Delayed Draw Term Loan, 4.650% to 4.720% due 8/29/08	186,711
704,769		Term Loan B, 4.650% due 8/29/08	500,386
1,000,000		Lamar Media Corp., Term Loan, 4.000% due 7/30/08	963,750
1,665,884		R.H. Donnelley Inc., Term Loan D-1, 4.150% to 6.750% due 9/17/08	1,637,772
1,432,536		Wenner Media LLC, Term Loan B, 4.551% due 9/30/08	1,346,584
		Total Publishing	8,205,562
Retailers — 2.7%
1,337,368		Claire’s Stores Inc., Term Loan B, 5.399% to 5.551% due 9/30/08	974,885
263,158		J Crew Group, Term Loan B, 4.454% to 4.796% due 10/27/08	250,000
1,124,958		Michaels Stores Inc., Term Loan B, 5.000% to 5.750% due 7/31/08	939,574
2,468,354		Neiman-Marcus Group Inc., Term Loan, 4.422% due 9/8/08	2,359,130
1,231,250		Petco Animal Supplies Inc., Term Loan, 4.733% to 5.149% due 9/30/08	1,139,522
		Total Retailers	5,663,111
Steel — 0.3%
		Tube City IMS Corp.:
81,081		Letter of Credit, 5.151% due 9/30/08	75,000

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

Face Amount		Security (a)(b)	Value
Steel — 0.3% (continued)
$	660,557	Term Loan, 5.051% due 9/30/08	$	611,016
		Total Steel	686,016
Surface Transport — 0.3%
		Coach America Holdings Inc.:
496,513		First Lien Term Loan B, 5.231% to 5.448% due 7/23/08	404,658
500,000		Second Lien Term Loan, 9.310% due 9/29/08	225,000
103,419		Synthetic Letter of Credit, 5.446% due 9/30/08	84,286
		Total Surface Transport	713,944
Telecommunications/Cellular Communications — 4.4%
2,390,833		Centennial Communications Corp., New Term Loan, 4.483% to 4.801% due 9/30/08	2,340,626
527,043		Cricket Communications Inc., Term Loan B, 6.500% due 9/30/08	520,381
1,481,250		Crown Castle Operating Co., Term Loan B, 4.301% due 9/30/08	1,415,520
265,211		Hargray Communications Group Inc., Term Loan B, 5.051% due 9/30/08	243,331
1,955,101		Metropcs Wireless Inc., Term Loan B, 4.750% to 5.125% due 8/1/08	1,872,621
2,718,978		Ntelos Inc., First Lien Term Loan, 5.270% due 8/29/08	2,665,732
		Total Telecommunications/Cellular Communications	9,058,211
Utilities — 3.6%
1,525,907		Calpine Corporation, First Priority Term Loan, 5.685% due 9/30/08	1,461,904
		Covanta Holding Corp.:
164,948		Letter of Credit, 4.088% due 7/7/08	157,526
330,863		Term Loan B, 4.188% to 4.313% due 9/30/08	315,975
		Firstlight Power Resources Inc.:
105,691		Letter of Credit, 5.250% due 7/7/08	99,702
250,000		Second Lien Term Loan, 7.313% due 9/25/08	225,000
860,331		Term Loan B, 5.310% due 9/22/08	811,579
940,572		Mirant North America LLC, Term Loan B, 4.233% due 7/31/08	911,032
1,466,667		Reliant Energy Inc., Letter of Credit, 2.339% due 7/1/08	1,400,667
		TPF Generation Holdings LLC:
154,214		Letter of Credit, 4.696% due 7/7/08	149,251
48,343		Revolver, 6.830% due 7/7/08	46,787
761,111		Term Loan B, 4.801% due 9/30/08	736,613
1,211,968		USPF Holdings LLC, Term Loan, 4.198% to 4.466% due 7/11/08	1,108,951
		Total Utilities	7,424,987
		TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENT (Cost — $216,482,994)	200,824,934
SHORT-TERM INVESTMENT — 3.4%
U.S. Government & Agency Obligation — 3.4%
6,983,000		FHLB Consolidated Discount Note, 0.000% due 7/1/08 (Cost - $6,983,000)	6,983,000
		TOTAL INVESTMENTS — 100.0% (Cost — $223,465,994#)	$	207,807,934

(a)	The maturity date represents the last in range of maturity dates.
(b)	Interest rates disclosed represent the effective rates on loans and debt securities. Ranges in interest rates are attributable to multiple contracts under the same loan.
(c)	Payment in kind security for which part of the income earned may be paid as additional principle.
(d)	Security is currently in default.
#	Aggregate cost for federal income tax purposes is substantially the same.

	Abbreviation used in this schedule:
	FHLB - Federal Home Loan Bank
	Term - Term Loan typically with a First Lien on specified assets.
	Second Lien - Subordinate Loan to first Lien.

See Notes to Schedule of Investments.

LMP Corporate Loan Fund Inc.

Schedule of Investments (unaudited) (continued)

June 30, 2008

REIT - Real Estate Investment Trust.

See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. Organization and Significant Accounting Policies

LMP Corporate Loan Fund Inc. (the “Fund”) was incorporated in Maryland and is registered as a non-diversified, closed-end management investment company under the Investment Company Act of 1940, as amended, (the “1940 Act”). The Fund’s investment objective is to maximize current income consistent with prudent efforts to preserve capital.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(a) Investment Valuation. Collateralized senior loans are valued at readily ascertainable market values provided by an independent pricing service. Securities for which market quotations are not available are valued in good faith at fair value by or under the direction of the Board of Directors. In fair valuing a loan, Legg Mason Partners Fund Advisor, LLC (“LMPFA”), with the assistance of the Citigroup Alternative Investments LLC (“CAI”), the Fund’s sub-adviser, will consider among other factors: (1) the creditworthiness of the borrower and any party interpositioned between the Fund and the borrower; (2) the current interest rate, period until next interest rate reset and maturity date of the collateralized senior loan; (3) recent market prices for similar loans, if any; and (4) recent prices in the market for instruments with similar quality, rate, period until next interest rate reset, maturity, terms and conditions. LMPFA may also consider prices or quotations, if any, provided by banks, dealers or pricing services which may represent the prices at which secondary market transactions in the collateralized senior loans held by the Fund have or could have occurred. U.S. government agency obligations are valued at the mean between the quoted bid and asked prices. Securities traded on national securities markets are valued at the closing price on such markets. Securities traded in the over-the-counter market and listed securities for which no sales prices were reported are valued at the mean between the quoted bid and asked prices. Securities listed on the NASDAQ National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price on that day, at the last sale price. Short-term obligations maturing within 60 days are valued at amortized cost, which approximates fair value.

(b) Security Transactions. Security transactions are accounted for on a trade date basis.

2. Investments

At June 30, 2008, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:

Gross unrealized appreciation	$	248,243
Gross unrealized depreciation	(15,906,303		)
Net unrealized depreciation	$	(15,658,060	)

3. Recent Accounting Pronouncements

On September 20, 2006, the Financial Accounting Standards Board (“FASB”) released Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). FAS 157 establishes an authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements. The application of FAS 157 is required for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. Management has determined that there is no material impact to the Fund’s valuation policies as a result of adopting FAS 157. The Fund will implement the disclosure requirements beginning with its December 31, 2008 Form N-Q.

* * *

In March 2008, FASB issued the Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 is effective for fiscal years and interim periods beginning after November 15, 2008. FAS 161 requires enhanced disclosures about the Fund’s derivative and hedging activities, including how such activities are accounted for and their effect on the Fund’s financial position, performance and cash flows. Management is currently evaluating the impact the adoption of FAS 161 will have on the Fund’s financial statements and related disclosures.

ITEM 2.	CONTROLS AND PROCEDURES.

	(a)	The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

	(b)	There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 3.	EXHIBITS.

	Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

LMP Corporate Loan Fund Inc.

By	/s/ R. Jay Gerken
R. Jay Gerken
Chief Executive Officer

Date: August 26, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ R. Jay Gerken
R. Jay Gerken
Chief Executive Officer

Date: August 26, 2008

By	/s/ Kaprel Ozsolak
Kaprel Ozsolak
Chief Financial Officer

Date: August 26, 2008