High Income Opportunity Fund Inc. Announces Dividend Schedule for the Months of October, November and December 2004. NEW YORK, Sept. 23 /PRNewswire-FirstCall/ -- High Income Opportunity Fund Inc., which is listed on the New York Stock Exchange under the symbol "HIO," announced a dividend from ordinary income of $0.0500 per share for the months of October, November and December 2004. The dividend distribution schedule appears below: Ex-date Record Payable October 10/22/04 10/26/04 10/29/04 November 11/18/04 11/22/04 11/26/04 December 12/23/04 12/28/04 12/31/04 High Income Opportunity Fund Inc., a diversified investment management company, is managed by Smith Barney Fund Management LLC., an indirect wholly owned subsidiary of Citigroup Inc. For more information, call Investor Relations at 1-888-735-6507. DATASOURCE: High Income Opportunity Fund Inc. CONTACT: Robert Brault, Treasurer, +1-212-291-2832, or Brenda Grandell, Director, Closed-End Funds, High Income Opportunity Fund Inc., +1-212-291-3775

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