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WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SOVEREIGN BONDS - 80.7%
Angola - 1.8%
Angolan Government International Bond, Senior Notes		8.250	%		5/9/28	$	9,650,000		$	9,865,243	^(a)
Angolan Government International Bond, Senior Notes		9.125	%		11/26/49		3,000,000			2,929,050	^(a)

Total Angola										12,794,293

Argentina - 4.0%
Argentine Bonos del Tesoro, Bonds		16.000	%		10/17/23		82,130,000	^ARS		286,504	^(b)
Argentine Bonos del Tesoro, Bonds		15.500	%		10/17/26		157,160,000	^ARS		331,927	^(b)
Argentine Republic Government International Bond, Senior Notes		1.000	%		7/9/29		1,036,761			356,718	^(c)
Argentine Republic Government International Bond, Senior Notes, Step bond (0.500% to 7/9/23 then 0.750%)		0.500	%		7/9/30		25,413,747			8,577,394	^(c)
Ciudad Autonoma De Buenos Aires, Senior Notes		7.500	%		6/1/27		5,500,000			4,953,905	^(d)
Provincia de Buenos Aires, Senior Notes, Step bond (3.900% to 9/1/22 then 5.250%)		3.900	%		9/1/37		16,301,128			7,005,573	^(d)
Provincia de Cordoba, Senior Notes, Step bond (5.000% to 6/10/22 then 6.875%)		5.000	%		12/10/25		508,945			399,166	^(d)
Provincia de Cordoba, Senior Notes, Step bond (5.000% to 6/1/22 then 6.990%)		5.000	%		6/1/27		9,949,022			6,616,199	^(d)

Total Argentina										28,527,386

Armenia - 0.8%
Republic of Armenia International Bond, Senior Notes		3.950	%		9/26/29		7,000,000			5,958,925	^(d)

Bahamas - 1.4%
Bahamas Government International Bond, Senior Notes		5.750	%		1/16/24		9,170,000			8,285,187	^(d)
Bahamas Government International Bond, Senior Notes		6.000	%		11/21/28		2,000,000			1,557,520	^(d)

Total Bahamas										9,842,707

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


ECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Bahrain - 2.3%
Bahrain Government International Bond, Senior Notes		6.750	%		9/20/29	$	4,100,000	$	4,332,101	^(a)
Bahrain Government International Bond, Senior Notes		7.500	%		9/20/47		7,400,000		7,276,413	^(d)
Bahrain Government International Bond, Senior Notes		6.250	%		1/25/51		5,700,000		5,037,717	^(d)

Total Bahrain									16,646,231

Chile - 0.1%
Chile Government International Bond, Senior Notes		3.100	%		1/22/61		1,000,000		826,050

Colombia - 2.9%
Colombia Government International Bond, Senior Notes		7.375	%		9/18/37		16,567,000		18,664,796	^(c)
Colombia Government International Bond, Senior Notes		6.125	%		1/18/41		2,080,000		2,024,371	^(c)

Total Colombia									20,689,167

Costa Rica - 1.1%
Banco Nacional de Costa Rica		6.250	%		11/1/23		1,220,000		1,264,237	^(d)
Costa Rica Government International Bond, Senior Notes		6.125	%		2/19/31		1,050,000		1,064,448	^(a)
Costa Rica Government International Bond, Senior Notes		5.625	%		4/30/43		1,650,000		1,443,767	^(a)
Costa Rica Government International Bond, Senior Notes		7.158	%		3/12/45		4,200,000		4,184,292	^(c)(d)

Total Costa Rica									7,956,744

Croatia - 0.8%
Croatia Government International Bond, Senior Notes		5.500	%		4/4/23		5,640,000		5,824,597	^(a)(c)

Dominican Republic - 3.6%
Dominican Republic International Bond, Senior Notes		5.500	%		1/27/25		7,210,000		7,469,632	^(c)(d)
Dominican Republic International Bond, Senior Notes		6.000	%		7/19/28		7,300,000		7,427,823	^(d)
Dominican Republic International Bond, Senior Notes		5.500	%		2/22/29		3,750,000		3,712,500	^(d)
Dominican Republic International Bond, Senior Notes		6.850	%		1/27/45		4,200,000		4,173,792	^(c)(d)
Dominican Republic International Bond, Senior Notes		5.875	%		1/30/60		3,950,000		3,397,000	^(d)

Total Dominican Republic									26,180,747

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Ecuador - 1.9%
Ecuador Government International Bond, Senior Notes		0.000	%		7/31/30	$	1,010,709		$	564,743	^(d)
Ecuador Government International Bond, Senior Notes, Step bond (1.000% to 7/31/22 then 2.500%)		1.000	%		7/31/35		20,504,438			13,461,369	^(d)

Total Ecuador										14,026,112

Egypt - 4.0%
Egypt Government Bond		14.138	%		10/20/22		65,200,000	^EGP		3,584,224
Egypt Government International Bond, Senior Notes		7.625	%		5/29/32		3,300,000			2,998,119	^(d)
Egypt Government International Bond, Senior Notes		7.300	%		9/30/33		6,700,000			5,868,831	^(c)(d)
Egypt Government International Bond, Senior Notes		8.700	%		3/1/49		13,180,000			11,305,409	^(d)
Egypt Government International Bond, Senior Notes		8.875	%		5/29/50		5,700,000			4,949,994	^(c)(d)

Total Egypt										28,706,577

El Salvador - 0.2%
El Salvador Government International Bond, Senior Notes		6.375	%		1/18/27		2,950,000			1,475,030	^(c)(d)

Ethiopia - 0.3%
Ethiopia International Bond, Senior Notes		6.625	%		12/11/24		2,500,000			1,817,525	^(a)

Gabon - 1.0%
Gabon Government International Bond, Senior Notes		6.625	%		2/6/31		3,050,000			2,900,093	^(a)
Gabon Government International Bond, Senior Notes		7.000	%		11/24/31		4,300,000			4,142,362	^(d)

Total Gabon										7,042,455

Ghana - 2.0%
Ghana Government International Bond, Senior Notes		7.625	%		5/16/29		5,700,000			4,165,275	^(a)
Ghana Government International Bond, Senior Notes		10.750	%		10/14/30		9,400,000			9,967,290	^(c)(d)

Total Ghana										14,132,565

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Guatemala - 1.4%
Guatemala Government Bond, Senior Notes		5.375	%		4/24/32	$	6,800,000		$	7,128,168	^(d)
Guatemala Government Bond, Senior Notes		4.650	%		10/7/41		3,060,000			2,857,306	^(d)

Total Guatemala										9,985,474

Hungary - 1.8%
Hungary Government International Bond, Senior Notes		5.750	%		11/22/23		12,608,000			13,205,014	^(c)

Indonesia - 6.3%
Indonesia Government International Bond, Senior Notes		6.625	%		2/17/37		3,210,000			4,028,550	^(a)(c)
Indonesia Government International Bond, Senior Notes		5.250	%		1/17/42		20,750,000			23,240,000	^(c)(d)
Indonesia Treasury Bond		8.375	%		9/15/26		131,422,000,000	^IDR		10,149,484
Indonesia Treasury Bond		8.375	%		3/15/34		106,475,000,000	^IDR		8,139,694

Total Indonesia										45,557,728

Israel - 0.2%
Israel Government International Bond, Senior Notes		3.875	%		7/3/50		1,500,000			1,548,750

Ivory Coast - 1.7%
Ivory Coast Government International Bond, Senior Notes		5.375	%		7/23/24		1,350,000			1,343,270	^(d)
Ivory Coast Government International Bond, Senior Notes		6.375	%		3/3/28		2,680,000			2,743,891	^(c)(d)
Ivory Coast Government International Bond, Senior Notes		4.875	%		1/30/32		5,130,000	^EUR		5,013,634	^(d)
Ivory Coast Government International Bond, Senior Notes		6.125	%		6/15/33		3,540,000			3,438,834	^(c)(d)

Total Ivory Coast										12,539,629

Jamaica - 1.4%
Jamaica Government International Bond, Senior Notes		6.750	%		4/28/28		1,390,000			1,535,950	^(c)
Jamaica Government International Bond, Senior Notes		8.000	%		3/15/39		1,760,000			2,296,818	^(c)
Jamaica Government International Bond, Senior Notes		7.875	%		7/28/45		4,700,000			6,086,547

Total Jamaica										9,919,315

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Jordan - 1.0%
Jordan Government International Bond, Senior Notes		6.125	%		1/29/26	$	440,000		$	445,117	^(c)(d)
Jordan Government International Bond, Senior Notes		7.375	%		10/10/47		2,000,000			1,827,860	^(a)
Jordan Government International Bond, Senior Notes		7.375	%		10/10/47		5,020,000			4,587,928	^(d)

Total Jordan										6,860,905

Kazakhstan - 1.3%
Kazakhstan Government International Bond, Senior Notes		3.875	%		10/14/24		9,000,000			9,092,970	^(a)(c)

Kenya - 1.6%
Republic of Kenya Government International Bond, Senior Notes		6.875	%		6/24/24		200,000			201,322	^(c)(d)
Republic of Kenya Government International Bond, Senior Notes		7.000	%		5/22/27		2,310,000			2,232,534	^(d)
Republic of Kenya Government International Bond, Senior Notes		7.250	%		2/28/28		5,300,000			5,124,093	^(c)(d)
Republic of Kenya Government International Bond, Senior Notes		8.000	%		5/22/32		2,380,000			2,314,729	^(d)
Republic of Kenya Government International Bond, Senior Notes		6.300	%		1/23/34		1,610,000			1,388,625	^(d)

Total Kenya										11,261,303

Mexico - 1.1%
Mexican Bonos, Senior Notes		7.750	%		11/23/34		84,080,000	^MXN		4,044,886
Mexican Bonos, Senior Notes		7.750	%		11/13/42		83,140,000	^MXN		3,899,346

Total Mexico										7,944,232

Morocco - 0.3%
Morocco Government International Bond, Senior Notes		4.000	%		12/15/50		2,400,000			1,930,560	^(d)

Nigeria - 2.1%
Nigeria Government International Bond, Senior Notes		7.625	%		11/21/25		3,000,000			3,131,250	^(c)(d)
Nigeria Government International Bond, Senior Notes		8.375	%		3/24/29		1,050,000			1,057,875	^(d)
Nigeria Government International Bond, Senior Notes		7.143	%		2/23/30		2,000,000			1,890,100	^(d)
Nigeria Government International Bond, Senior Notes		7.875	%		2/16/32		240,000			228,093	^(c)(d)

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Nigeria - continued
Nigeria Government International Bond, Senior Notes		7.696	%		2/23/38	$	2,960,000	$	2,590,000	^(d)
Nigeria Government International Bond, Senior Notes		9.248	%		1/21/49		6,200,000		5,926,493	^(c)(d)

Total Nigeria									14,823,811

Oman - 3.8%
Oman Government International Bond, Senior Notes		4.750	%		6/15/26		5,270,000		5,304,782	^(d)
Oman Government International Bond, Senior Notes		5.625	%		1/17/28		9,000,000		9,310,230	^(c)(d)
Oman Government International Bond, Senior Notes		6.000	%		8/1/29		6,000,000		6,273,630	^(d)
Oman Government International Bond, Senior Notes		6.750	%		1/17/48		6,500,000		6,511,927	^(a)

Total Oman									27,400,569

Panama - 0.8%
Panama Government International Bond, Senior Notes		9.375	%		4/1/29		910,000		1,231,931	^(c)
Panama Government International Bond, Senior Notes		6.700	%		1/26/36		159,000		196,375	^(c)
Panama Government International Bond, Senior Notes		4.500	%		4/1/56		4,200,000		4,120,536

Total Panama									5,548,842

Paraguay - 1.2%
Paraguay Government International Bond, Senior Notes		5.000	%		4/15/26		2,110,000		2,204,950	^(c)(d)
Paraguay Government International Bond, Senior Notes		4.950	%		4/28/31		3,950,000		4,142,602	^(d)
Paraguay Government International Bond, Senior Notes		5.400	%		3/30/50		1,910,000		1,941,037	^(c)(d)

Total Paraguay									8,288,589

Peru - 5.7%
Peruvian Government International Bond, Senior Notes		7.350	%		7/21/25		10,300,000		11,683,290	^(c)
Peruvian Government International Bond, Senior Notes		8.750	%		11/21/33		19,998,000		29,022,697	^(c)

Total Peru									40,705,987

Philippines - 0.6%
Philippine Government International Bond, Senior Notes		3.950	%		1/20/40		4,600,000		4,566,293	^(c)

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Qatar - 4.1%
Qatar Government International Bond, Senior Notes		5.103	%		4/23/48	$	7,920,000		$	9,706,586	^(d)
Qatar Government International Bond, Senior Notes		4.817	%		3/14/49		14,100,000			16,753,817	^(c)(d)
Qatar Government International Bond, Senior Notes		4.400	%		4/16/50		2,900,000			3,267,070	^(c)(d)

Total Qatar										29,727,473

Romania - 0.2%
Romanian Government International Bond, Senior Notes		4.875	%		1/22/24		1,570,000			1,625,105	^(c)(d)

Russia - 0.1%
Russian Federal Bond - OFZ		7.000	%		1/25/23		280,000,000	^RUB		172,308	*^(e)
Russian Federal Bond - OFZ		8.150	%		2/3/27		289,580,000	^RUB		178,203	*^(e)
Russian Federal Bond - OFZ		7.250	%		5/10/34		400,000,000	^RUB		246,154	*^(e)

Total Russia										596,665

Rwanda - 0.5%
Rwanda International Government Bond, Senior Notes		5.500	%		8/9/31		4,050,000			3,712,619	^(d)

Senegal - 1.3%
Senegal Government International Bond, Senior Notes		6.250	%		7/30/24		2,170,000			2,200,410	^(a)
Senegal Government International Bond, Senior Notes		6.750	%		3/13/48		8,390,000			7,270,690	^(d)

Total Senegal										9,471,100

South Africa - 1.3%
Republic of South Africa Government Bond, Senior Notes		8.500	%		1/31/37		81,280,000	^ZAR		4,747,197
Republic of South Africa Government International Bond, Senior Notes		5.375	%		7/24/44		5,000,000			4,415,725	^(c)

Total South Africa										9,162,922

Supranational - 3.0%
European Bank for Reconstruction and Development, Senior Notes		6.450	%		12/13/22		134,803,200,000	^IDR		9,577,527
Inter-American Development Bank, Senior Notes		7.875	%		3/14/23		56,960,000,000	^IDR		4,106,275
International Finance Corp., Senior Notes		11.000	%		11/14/22		47,000,000,000	^UZS		4,033,003
International Finance Corp., Senior Notes		6.280	%		5/27/24		173,000,000	^UYU		4,064,144

Total Supranational										21,780,949

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Tunisia - 0.4%
Banque Centrale de Tunisie International Bond, Senior Notes		5.750	%		1/30/25	$	3,760,000		$	2,541,760	^(a)

Turkey - 2.4%
Export Credit Bank of Turkey, Senior Notes		4.250	%		9/18/22		2,000,000			2,002,676	^(d)
Turkey Government International Bond, Senior Notes		4.875	%		10/9/26		4,000,000			3,618,156
Turkey Government International Bond, Senior Notes		6.125	%		10/24/28		1,000,000			912,741
Turkey Government International Bond, Senior Notes		4.875	%		4/16/43		6,160,000			4,400,950	^(c)
Turkiye Ihracat Kredi Bankasi AS, Senior Notes		5.750	%		7/6/26		6,710,000			6,161,290	^(d)

Total Turkey										17,095,813

Ukraine - 1.5%
Ukraine Government International Bond, Senior Notes		6.750	%		6/20/26		1,700,000	^EUR		793,501	^(a)
Ukraine Government International Bond, Senior Notes		7.750	%		9/1/27		8,800,000			3,809,432	^(a)
Ukraine Government International Bond, Senior Notes		9.750	%		11/1/28		15,080,000			6,538,809	^(a)

Total Ukraine										11,141,742

United Arab Emirates - 1.6%
Abu Dhabi Government International Bond, Senior Notes		4.125	%		10/11/47		5,400,000			5,840,316	^(d)
Abu Dhabi Government International Bond, Senior Notes		2.700	%		9/2/70		2,300,000			1,814,297	^(d)
Finance Department Government of Sharjah, Senior Notes		4.000	%		7/28/50		4,430,000			3,599,783	^(d)

Total United Arab Emirates										11,254,396

Uruguay - 1.3%
Uruguay Government International Bond, Senior Notes		4.375	%		10/27/27		2,943,154			3,127,131	^(c)
Uruguay Government International Bond, Senior Notes		5.100	%		6/18/50		4,341,000			5,130,432	^(c)
Uruguay Government International Bond, Senior Notes		4.975	%		4/20/55		1,180,000			1,380,034	^(c)

Total Uruguay										9,637,597

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Uzbekistan - 0.5%
Republic of Uzbekistan International Bond, Senior Notes		3.900	%		10/19/31	$	4,200,000	$	3,721,410	^(d)

Venezuela - 0.4%
Venezuela Government International Bond, Senior Notes		7.750	%		10/13/19		22,130,000		1,925,310	*^(a)(f)
Venezuela Government International Bond, Senior Notes		8.250	%		10/13/24		7,000,000		609,000	*^(a)(e)
Venezuela Government International Bond, Senior Notes		9.250	%		9/15/27		4,205,000		365,835	*^(e)

Total Venezuela									2,900,145

Vietnam - 1.3%
Vietnam Government International Bond, Senior Notes		4.800	%		11/19/24		8,700,000		9,026,358	^(c)(d)

Zambia - 0.3%
Zambia Government International Bond, Senior Notes		8.500	%		4/14/24		3,440,000		2,502,352	*^(d)(e)

TOTAL SOVEREIGN BONDS (Cost - $635,908,160)									579,525,488

CORPORATE BONDS & NOTES - 54.6%
COMMUNICATION SERVICES - 3.2%
Diversified Telecommunication Services - 1.2%
IHS Holding Ltd., Senior Notes		5.625	%		11/29/26		4,340,000		4,127,253	^(d)
Turk Telekomunikasyon AS, Senior Notes		6.875	%		2/28/25		4,680,000		4,623,185	^(d)

Total Diversified Telecommunication Services									8,750,438

Media - 0.7%
Cable Onda SA, Senior Notes		4.500	%		1/30/30		3,290,000		3,215,531	^(d)
Grupo Televisa SAB, Senior Notes		6.625	%		1/15/40		1,480,000		1,774,969	^(c)

Total Media									4,990,500

Wireless Telecommunication Services - 1.3%
Millicom International Cellular SA, Senior Notes		5.125	%		1/15/28		2,385,000		2,379,753	^(c)(d)
Millicom International Cellular SA, Senior Notes		6.250	%		3/25/29		4,239,000		4,505,378	^(c)(d)
VEON Holdings BV, Senior Notes		3.375	%		11/25/27		1,000,000		605,000	^(d)
VTR Comunicaciones SpA, Senior Secured Notes		5.125	%		1/15/28		1,713,000		1,635,033	^(d)

Total Wireless Telecommunication Services									9,125,164

TOTAL COMMUNICATION SERVICES									22,866,102

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
CONSUMER DISCRETIONARY - 2.0%
Hotels, Restaurants & Leisure - 1.6%
Gohl Capital Ltd., Senior Notes		4.250	%		1/24/27	$	3,130,000	$	2,988,520	^(a)(c)
Melco Resorts Finance Ltd., Senior Notes		5.375	%		12/4/29		4,670,000		3,981,175	^(d)
Sands China Ltd., Senior Notes		5.125	%		8/8/25		1,700,000		1,693,625	^(c)
Wynn Macau Ltd., Senior Notes		5.625	%		8/26/28		3,300,000		2,873,079	^(d)

Total Hotels, Restaurants & Leisure									11,536,399

Internet & Direct Marketing Retail - 0.4%
Prosus NV, Senior Notes		3.061	%		7/13/31		3,500,000		2,912,468	^(d)

TOTAL CONSUMER DISCRETIONARY									14,448,867

CONSUMER STAPLES - 0.6%
Beverages - 0.6%
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, Senior Notes		5.250	%		4/27/29		4,150,000		4,135,184	^(d)

ENERGY - 19.3%
Oil, Gas & Consumable Fuels - 19.3%
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		3,010,000		3,090,578	^(c)
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		7,160,000		6,286,265	^(c)
Empresa Generadora de Electricidad Haina SA, Senior Notes		5.625	%		11/8/28		4,250,000		3,944,637	^(d)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		1,656,265		1,677,034	^(c)(d)
KazMunayGas National Co. JSC, Senior Notes		4.750	%		4/19/27		5,160,000		5,018,410	^(c)(d)
KazMunayGas National Co. JSC, Senior Notes		5.750	%		4/19/47		4,970,000		4,422,415	^(c)(d)
KazMunayGas National Co. JSC, Senior Notes		6.375	%		10/24/48		5,300,000		5,017,024	^(c)(d)
KazTransGas JSC, Senior Notes		4.375	%		9/26/27		5,900,000		5,343,040	^(c)(d)
Lukoil International Finance BV, Senior Notes		6.656	%		6/7/22		3,524,000		2,625,380	^(a)
Lukoil International Finance BV, Senior Notes		4.750	%		11/2/26		3,500,000		2,012,500	^(d)
Oleoducto Central SA, Senior Notes		4.000	%		7/14/27		2,400,000		2,264,952	^(d)
Pertamina Persero PT, Senior Notes		4.875	%		5/3/22		2,540,000		2,543,469	^(c)(d)
Petrobras Global Finance BV, Senior Notes		7.375	%		1/17/27		5,600,000		6,220,256	^(c)
Petrobras Global Finance BV, Senior Notes		5.750	%		2/1/29		6,000,000		6,244,560

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Oil, Gas & Consumable Fuels - continued
Petrobras Global Finance BV, Senior Notes		6.850	%		6/5/2115	$	13,800,000	$	12,967,446	^(c)
Petroleos de Venezuela SA, Senior Notes		9.000	%		11/17/21		16,630,000		1,226,463	*^(a)(f)
Petroleos de Venezuela SA, Senior Notes		6.000	%		5/16/24		8,145,000		570,150	*^(a)(e)
Petroleos del Peru SA, Senior Notes		4.750	%		6/19/32		8,800,000		7,896,900	^(c)(d)
Petroleos Mexicanos, Senior Notes		4.500	%		1/23/26		6,000,000		5,878,740	^(c)
Petroleos Mexicanos, Senior Notes		6.875	%		8/4/26		2,561,000		2,682,353	^(c)
Petroleos Mexicanos, Senior Notes		6.625	%		6/15/35		7,900,000		7,094,990	^(c)
Petroleos Mexicanos, Senior Notes		5.500	%		6/27/44		200,000		151,163
Petroleos Mexicanos, Senior Notes		6.350	%		2/12/48		3,400,000		2,678,520	^(c)
Petroleos Mexicanos, Senior Notes		7.690	%		1/23/50		4,930,000		4,314,736	^(c)
Petronas Capital Ltd., Senior Notes		4.800	%		4/21/60		7,000,000		8,140,427	^(d)
Reliance Industries Ltd., Senior Notes		2.875	%		1/12/32		1,800,000		1,653,445	^(d)
Sinopec Group Overseas Development 2017 Ltd., Senior Notes		4.000	%		9/13/47		10,060,000		9,518,677	^(a)(c)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		1,080,000		1,097,950	^(a)(c)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		3,620,000		3,680,164	^(c)(d)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.550	%		11/1/28		2,300,000		2,380,661	^(c)(d)
Ultrapar International SA, Senior Notes		5.250	%		10/6/26		3,190,000		3,243,592	^(c)(d)
YPF SA, Senior Notes		8.500	%		3/23/25		1,500,000		1,385,168	^(a)
YPF SA, Senior Notes		8.500	%		7/28/25		5,430,000		4,651,962	^(d)
YPF SA, Senior Notes		6.950	%		7/21/27		1,320,000		990,343	^(d)

Total Energy									138,914,370

FINANCIALS - 10.3%
Banks - 6.5%
Banco Bilbao Vizcaya Argentaria Colombia SA, Subordinated Notes		4.875	%		4/21/25		2,450,000		2,457,485	^(c)(d)
Banco General SA, Junior Subordinated Notes (5.250% to 5/7/31 then 10 year Treasury Constant Maturity Rate + 3.665%)		5.250	%		5/7/31		4,450,000		4,380,246	^(d)(g)(h)

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - continued
Banco Mercantil del Norte SA, Junior Subordinated Notes (7.625% to 1/10/28 then 10 year Treasury Constant Maturity Rate + 5.353%)		7.625	%		1/10/28	$	5,900,000	$	5,938,969	^(c)(d)(g)(h)
Bank Leumi Le-Israel BM, Subordinated Notes (3.275% to 1/29/26 then 5 year Treasury Constant Maturity Rate + 1.631%)		3.275	%		1/29/31		1,200,000		1,129,313	^(a)(d)(h)
BBVA Banco Continental SA, Subordinated Notes (5.250% to 9/22/24 then 5 year Treasury Constant Maturity Rate + 2.750%)		5.250	%		9/22/29		980,000		1,000,369	^(c)(d)(h)
BBVA Bancomer SA, Subordinated Notes (5.350% to 11/12/24 then 5 year Treasury Constant Maturity Rate + 3.000%)		5.350	%		11/12/29		1,350,000		1,349,798	^(c)(d)(h)
HSBC Holdings PLC, Junior Subordinated Notes (4.600% to 6/17/31 then 5 year Treasury Constant Maturity Rate + 3.649%)		4.600	%		12/17/30		970,000		868,150	^(g)(h)
Itau Unibanco Holding SA, Junior Subordinated Notes (6.500% to 3/19/23 then 5 year Treasury Constant Maturity Rate + 3.863%)		6.500	%		3/19/23		6,970,000		7,004,850	^(c)(d)(g)(h)
NBK Tier 1 Ltd., Senior Notes (3.625% to 2/24/27 then USD 6 year ICE Swap Rate + 2.875%)		3.625	%		8/24/26		2,450,000		2,293,947	^(d)(g)(h)
Russian Agricultural Bank OJSC Via RSHB Capital SA, Subordinated Notes		8.500	%		10/16/23		7,290,000		729,000	^(a)
Shinhan Bank Co. Ltd., Subordinated Notes		3.875	%		3/24/26		1,260,000		1,272,504	^(c)(d)
TC Ziraat Bankasi AS, Senior Notes		5.125	%		9/29/23		10,810,000		10,641,775	^(c)(d)
UniCredit SpA, Subordinated Notes (7.296% to 4/2/29 then USD 5 year ICE Swap Rate + 4.914%)		7.296	%		4/2/34		3,080,000		3,267,283	^(c)(d)(h)
United Overseas Bank Ltd., Subordinated Notes (3.750% to 4/15/24 then 5 year Treasury Constant Maturity Rate + 1.500%)		3.750	%		4/15/29		4,600,000		4,624,121	^(d)(h)

Total Banks									46,957,810

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Capital Markets - 1.2%
B3 SA - Brasil Bolsa Balcao, Senior Notes		4.125	%		9/20/31	$	6,500,000	$	5,863,650	^(d)
UBS Group AG, Junior Subordinated Notes (7.000% to 1/31/24 then USD 5 year ICE Swap Rate + 4.344%)		7.000	%		1/31/24		2,340,000		2,442,972	^(c)(d)(g)(h)

Total Capital Markets									8,306,622

Consumer Finance - 0.8%
African Export-Import Bank, Senior Notes		3.994	%		9/21/29		5,900,000		5,603,773	^(d)

Diversified Financial Services - 1.1%
Huarong Finance 2019 Co. Ltd., Senior Notes		2.125	%		9/30/23		6,000,000		5,820,000	^(a)
Park Aerospace Holdings Ltd., Senior Notes		5.250	%		8/15/22		68,000		68,448	^(c)(d)
Park Aerospace Holdings Ltd., Senior Notes		5.500	%		2/15/24		1,980,000		2,027,945	^(c)(d)

Total Diversified Financial Services									7,916,393

Insurance - 0.5%
Sagicor Financial Co. Ltd., Senior Notes		5.300	%		5/13/28		3,600,000		3,592,710	^(d)

Real Estate Management & Development - 0.2%
Panther Ventures Ltd., Senior Notes		3.800	%		9/17/23		2,000,000		1,770,874	^(a)(g)

TOTAL FINANCIALS									74,148,182

INDUSTRIALS - 3.1%
Aerospace & Defense - 0.2%
Avolon Holdings Funding Ltd., Senior Notes		4.250	%		4/15/26		1,820,000		1,797,356	^(d)

Construction & Engineering - 1.1%
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/ Andean Telecom Par, Senior Secured Notes		4.050	%		4/27/26		8,650,000		8,228,356	^(d)

Industrial Conglomerates - 0.2%
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		1,000,000		1,108,465	^(c)(d)

Road & Rail - 0.8%
Empresa de Transporte de Pasajeros Metro SA, Senior Notes		5.000	%		1/25/47		2,560,000		2,581,504	^(c)(d)
Empresa de Transporte de Pasajeros Metro SA, Senior Notes		4.700	%		5/7/50		3,000,000		3,035,055	^(d)

Total Road & Rail									5,616,559

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Transportation Infrastructure - 0.8%
DP World Ltd., Senior Notes		5.625	%		9/25/48	$	3,400,000	$	3,690,030	^(c)(d)
ENA Master Trust, Senior Secured Notes		4.000	%		5/19/48		1,850,000		1,741,710	^(d)

Total Transportation Infrastructure									5,431,740

TOTAL INDUSTRIALS									22,182,476

MATERIALS - 10.3%
Chemicals - 4.1%
Braskem America Finance Co., Senior Notes		7.125	%		7/22/41		210,000		231,429	^(a)(c)
Braskem Finance Ltd., Senior Notes		6.450	%		2/3/24		2,350,000		2,474,961	^(c)
Equate Petrochemical BV, Senior Notes		4.250	%		11/3/26		1,300,000		1,320,313	^(c)(d)
Equate Petrochemical BV, Senior Notes		4.250	%		11/3/26		200,000		203,125	^(a)(c)
MEGlobal Canada ULC, Senior Notes		5.875	%		5/18/30		4,100,000		4,556,760	^(c)(d)
OCP SA, Senior Notes		5.125	%		6/23/51		6,770,000		5,652,950	^(d)
Orbia Advance Corp. SAB de CV, Senior Notes		5.875	%		9/17/44		4,960,000		5,113,190	^(c)(d)
Sasol Financing USA LLC, Senior Notes		4.375	%		9/18/26		5,800,000		5,549,237
Sociedad Quimica y Minerade Chile SA, Senior Notes		4.250	%		1/22/50		2,100,000		2,039,310	^(d)
Sociedad Quimica y Minerade Chile SA, Senior Notes		3.500	%		9/10/51		2,300,000		1,989,224	^(d)

Total Chemicals									29,130,499

Construction Materials - 0.3%
Cemex SAB de CV, Senior Notes		3.875	%		7/11/31		2,600,000		2,376,920	^(d)

Metals & Mining - 4.3%
Fresnillo PLC, Senior Notes		4.250	%		10/2/50		7,000,000		6,183,240	^(d)
Indonesia Asahan Aluminium Persero PT, Senior Notes		5.710	%		11/15/23		10,120,000		10,482,852	^(c)(d)
Southern Copper Corp., Senior Notes		7.500	%		7/27/35		310,000		399,770	^(c)
Southern Copper Corp., Senior Notes		6.750	%		4/16/40		5,490,000		7,019,569	^(c)
Volcan Cia Minera SAA, Senior Notes		4.375	%		2/11/26		7,000,000		6,711,530	^(d)

Total Metals & Mining									30,796,961

Paper & Forest Products - 1.6%
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		1,350,000		1,348,664	^(c)(d)
Inversiones CMPC SA, Senior Notes		4.375	%		5/15/23		2,070,000		2,106,236	^(c)(d)

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Paper & Forest Products - continued
Suzano Austria GmbH, Senior Notes		5.750	%		7/14/26	$	3,450,000	$	3,705,731	^(c)(d)
Suzano Austria GmbH, Senior Notes		6.000	%		1/15/29		3,940,000		4,260,440	^(c)

Total Paper & Forest Products									11,421,071

TOTAL MATERIALS									73,725,451

REAL ESTATE - 1.3%
Real Estate Management & Development - 1.3%
China Aoyuan Group Ltd., Senior Secured Notes		8.500	%		1/23/22		4,050,000		637,875	*^(a)(e)
China Aoyuan Group Ltd., Senior Secured Notes		7.950	%		2/19/23		2,400,000		402,000	*^(a)(e)
China Aoyuan Group Ltd., Senior Secured Notes		6.350	%		2/8/24		2,400,000		378,000	*^(a)(e)
China Aoyuan Group Ltd., Senior Secured Notes		7.950	%		6/21/24		2,000,000		315,000	*^(a)(e)
China Aoyuan Group Ltd., Senior Secured Notes		5.880	%		3/1/27		700,000		112,000	*^(a)(e)
Country Garden Holdings Co. Ltd., Senior Secured Notes		4.750	%		7/25/22		6,000,000		5,790,000	^(a)
Times China Holdings Ltd., Senior Secured Notes		6.750	%		7/8/25		2,000,000		820,500	^(a)
Yuzhou Group Holdings Co. Ltd., Senior Secured Notes		8.500	%		2/4/23		2,850,000		429,210	*^(a)(e)
Yuzhou Group Holdings Co. Ltd., Senior Secured Notes		8.375	%		10/30/24		2,000,000		276,000	^(a)
Yuzhou Group Holdings Co. Ltd., Senior Secured Notes		7.375	%		1/13/26		1,000,000		140,500	^(a)

TOTAL REAL ESTATE									9,301,085

UTILITIES - 4.5%
Electric Utilities - 4.0%
Abu Dhabi National Energy Co. PJSC, Senior Notes		4.875	%		4/23/30		5,100,000		5,669,313	^(d)
Enel Chile SA, Senior Notes		4.875	%		6/12/28		5,150,000		5,343,125	^(c)
Eskom Holdings SOC Ltd.		6.350	%		8/10/28		6,340,000		6,498,500	^(a)
Instituto Costarricense de Electricidad, Senior Notes		6.750	%		10/7/31		3,100,000		3,129,636	^(d)
Kallpa Generacion SA, Senior Notes		4.875	%		5/24/26		2,270,000		2,336,398	^(a)(c)
Perusahaan Listrik Negara PT, Senior Notes		5.250	%		5/15/47		5,810,000		5,798,060	^(a)(c)

Total Electric Utilities									28,775,032

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

(Percentages shown based on Fund net assets)


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Independent Power and Renewable Electricity Producers - 0.5%
Enel Generacion Chile SA, Senior Notes		4.250	%		4/15/24	$	500,000	$	509,343	^(c)
Minejesa Capital BV, Senior Secured Notes		5.625	%		8/10/37		3,100,000		2,829,323	^(c)(d)

Total Independent Power and Renewable Electricity Producers									3,338,666

TOTAL UTILITIES									32,113,698

TOTAL CORPORATE BONDS & NOTES (Cost - $423,883,760)									391,835,415



	COUNTERPARTY	EXPIRATION DATE			CONTRACTS		NOTIONAL AMOUNT†
PURCHASED OPTIONS - 0.1%
OTC PURCHASED OPTIONS - 0.1%
U.S. Dollar/Chilean Peso, Put @ 800.00^CLP	Goldman Sachs Group Inc.		4/28/22			8,000,000		8,000,000		193,125
U.S. Dollar/Mexican Peso, Put @ 20.00^MXN	Goldman Sachs Group Inc.		8/19/22			15,600,000		15,600,000		298,902
U.S. Dollar/Russian Ruble, Put @ 75.50^RUB	Citibank N.A.		4/8/22			16,500,000		16,500,000		463,715

TOTAL PURCHASED OPTIONS (Cost - $671,938)										955,742

TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $1,060,463,858)										972,316,645


		RATE					SHARES
SHORT-TERM INVESTMENTS - 2.7%
Western Asset Premier Institutional Government Reserves, Premium Shares (Cost - $19,604,121)			0.195	%				19,604,121		19,604,121	⁽ⁱ⁾

TOTAL INVESTMENTS - 138.1% (Cost - $1,080,067,979)										991,920,766
Liabilities in Excess of Other Assets - (38.1)%										(273,681,147	)

TOTAL NET ASSETS - 100.0%									$	718,239,619

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.


Schedule of investments (unaudited) (cont’d)		March 31, 2022

†	Face amount/notional amount denominated in U.S. dollars, unless otherwise noted.

*	Non-income producing security.

(a)

Security is exempt from registration under Regulation S of the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(b)	Security is valued in good faith in accordance with procedures approved by the Board of Directors (Note 1).

(c)	All or a portion of this security is pledged as collateral pursuant to the loan agreement.

(d)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers. This security has been deemed liquid pursuant to guidelines approved by the Board of Directors.

(e)	The coupon payment on this security is currently in default as of March 31, 2022.

(f)	The maturity principal is currently in default as of March 31, 2022.

(g)	Security has no maturity date. The date shown represents the next call date.

(h)

Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(i)

In this instance, as defined in the Investment Company Act of 1940, an “Affiliated Company” represents Fund ownership of at least 5% of the outstanding voting securities of an issuer, or a company which is under common ownership or control with the Fund. At March 31, 2022, the total market value of investments in Affiliated Companies was $19,604,121 and the cost was $19,604,121 (Note 2).

Abbreviation(s) used in this schedule:


ARS		— Argentine Peso
CLP		— Chilean Peso
EGP		— Egyptian Pound
EUR		— Euro
ICE		— Intercontinental Exchange
IDR		— Indonesian Rupiah
JSC		— Joint Stock Company
MXN		— Mexican Peso
OFZ		— Obligatsyi Federal’novo Zaima (Russian Federal Loan Obligation)
OJSC		— Open Joint Stock Company
PJSC		— Private Joint Stock Company
RUB		— Russian Ruble
USD		— United States Dollar
UYU		— Uruguayan Peso
UZS		— Uzbekistani Som
ZAR		— South African Rand

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.


Schedule of investments (unaudited) (cont’d)		March 31, 2022


SCHEDULE OF WRITTEN OPTIONS
OTC Written Options
SECURITY	COUNTERPARTY	EXPIRATION DATE		STRIKE PRICE			CONTRACTS		NOTIONAL AMOUNT†		VALUE
U.S. Dollar/Chilean Peso, Call	Goldman Sachs Group Inc.		4/28/22		855.00	^CLP		8,000,000		8,000,000	$	(11,372	)
U.S. Dollar/Mexican Peso, Call	Goldman Sachs Group Inc.		8/19/22		22.70	^MXN		15,600,000		15,600,000	$	(94,028	)
U.S. Dollar/Russian Ruble, Call	Citibank N.A.		4/8/22		81.00	^RUB		16,500,000		16,500,000		(591,148	)
U.S. Dollar/Russian Ruble, Put	Citibank N.A.		4/8/22		72.40	^RUB		16,500,000		16,500,000		(228,954	)

TOTAL OTC WRITTEN OPTIONS (Premiums received - $701,203)											$	(925,502	)

†	Notional amount denominated in U.S. dollars, unless otherwise noted.

Abbreviation(s) used in this schedule:


CLP		— Chilean Peso
MXN		— Mexican Peso
RUB		— Russian Ruble

At March 31, 2022, the Fund had the following open futures contracts:


	Number of Contracts		Expiration Date		Notional Amount		Market Value		Unrealized Appreciation
Contracts to Sell:
U.S. Treasury 10-Year Notes		403		6/22	$	50,980,658	$	49,518,625	$	1,462,033
U.S. Treasury Long-Term Bonds		501		6/22		77,633,828		75,181,312		2,452,516

Net unrealized appreciation on open futures contracts									$	3,914,549

At March 31, 2022, the Fund had the following open forward foreign currency contracts:


Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
USD	7,826,087		RUB	600,820,438	Citibank N.A.		4/11/22	$	503,450
USD	7,602,257		RUB	988,293,410	Deutsche Bank AG		4/11/22		(4,442,795	)
USD	4,264,746		ZAR	68,248,725	Bank of America N.A.		4/13/22		(398,135	)
USD	674,908		BRL	3,947,673	Citibank N.A.		4/13/22		(151,137	)
USD	10,644,491		MXN	221,774,800	JPMorgan Chase & Co.		4/13/22		(480,373	)
USD	3,804,155		IDR	55,165,950,000	Citibank N.A.		4/19/22		(33,894	)
USD	8,180,063		IDR	118,802,320,494	Citibank N.A.		4/19/22		(85,345	)
USD	21,188,812		IDR	307,269,560,000	Citibank N.A.		4/19/22		(188,786	)
CNY	18,950,188		USD	2,978,185	JPMorgan Chase & Co.		6/15/22		(3,366	)
USD	2,959,025		CNY	18,950,188	JPMorgan Chase & Co.		6/15/22		(15,793	)
USD	8,236,386		EUR	7,455,230	JPMorgan Chase & Co.		6/15/22		(35,524	)

Total								$	(5,331,698	)

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.


Schedule of investments (unaudited) (cont’d)		March 31, 2022


Abbreviation(s) used in this table:
BRL		— Brazilian Real
CNY		— Chinese Yuan Renminbi
EUR		— Euro
IDR		— Indonesian Rupiah
MXN		— Mexican Peso
RUB		— Russian Ruble
USD		— United States Dollar
ZAR		— South African Rand

At March 31, 2022, the Fund had the following open swap contracts:


CENTRALLY CLEARED CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION¹
REFERENCE ENTITY	NOTIONAL AMOUNT²		TERMINATION DATE		IMPLIED CREDIT SPREAD AT MARCH 31, 2022³			PERIODIC PAYMENTS MADE BY THE FUND†	MARKET VALUE			UPFRONT PREMIUMS PAID (RECEIVED)		UNREALIZED DEPRECIATION
Chile Government International Bond, 3.240%, due 2/6/28	$	19,700,000		12/20/24		0.344	%	1.000% quarterly	$	(344,353	)	$	354,790	$	(699,143	)
Qatar Government International Bond, 9.750%, due 6/15/30		19,700,000		12/20/24		0.276	%	1.000% quarterly		(380,424	)		364,699		(745,123	)

Total	$	39,400,000							$	(724,777	)	$	719,489	$	(1,444,266	)

If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

²	The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

Implied credit spreads, utilized in determining the market value of credit default swap agreements on corporate or sovereign issues as of period end, serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.

†	Percentage shown is an annual percentage rate.

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.


Schedule of investments (unaudited) (cont’d)		March 31, 2022

This Schedule of Investments is unaudited and is intended to provide information about the Fund’s investments as of the date of the schedule. Other information regarding the Fund is available in the Fund’s most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

Western Asset Emerging Markets Debt Fund Inc. 2022 Quarterly Report

Notes to Schedule of Investments (unaudited)

1. Organization and significant accounting policies

Western Asset Emerging Markets Debt Fund Inc. (the “Fund”) was incorporated in Maryland on April 16, 2003 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 Board of Directors authorized 100 million shares of $0.001 par value common stock. The Fund’s primary investment objective is to seek high current income and the Fund’s secondary objective is to seek capital appreciation.

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. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund’s Board of Directors.

The Board of Directors is responsible for the valuation process and has delegated the supervision of the daily valuation process to the Global Fund Valuation Committee (the “Valuation Committee”). The Valuation Committee, pursuant to the policies adopted by the Board of Directors, is responsible for making fair value determinations, evaluating the effectiveness of the Fund’s pricing policies, and reporting to the Board of Directors. When determining the reliability of third party pricing information for investments owned by the

Notes to Schedule of Investments (unaudited) (cont’d)

Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board of Directors quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

•

Level 1 – quoted prices in active markets for identical investments

•

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

•

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Notes to Schedule of Investments (unaudited) (cont’d)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund’s assets and liabilities carried at fair value:


ASSETS
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Long-Term Investments†:
Sovereign Bonds		—	$	579,525,488		—	$	579,525,488
Corporate Bonds & Notes		—		391,835,415		—		391,835,415
Purchased Options		—		955,742		—		955,742

Total Long-Term Investments		—		972,316,645		—		972,316,645

Short-Term Investments†	$	19,604,121		—		—		19,604,121

Total Investments	$	19,604,121	$	972,316,645		—	$	991,920,766

Other Financial Instruments:
Futures Contracts††	$	3,914,549		—		—	$	3,914,549
Forward Foreign Currency Contracts††		—	$	503,450		—		503,450

Total Other Financial Instruments	$	3,914,549	$	503,450		—	$	4,417,999

Total	$	23,518,670	$	972,820,095		—	$	996,338,765


LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Other Financial Instruments:
Written Options		—	$	925,502		—	$	925,502
Forward Foreign Currency Contracts††		—		5,835,148		—		5,835,148
Centrally Cleared Credit Default Swaps on Sovereign Issues - Buy Protection††		—		1,444,266		—		1,444,266

Total		—	$	8,204,916		—	$	8,204,916

†	See Schedule of Investments for additional detailed categorizations.

††	Reflects the unrealized appreciation (depreciation) of the instruments.

2. Transactions with affiliated company

As defined by the 1940 Act, an affiliated company is one in which the Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The following company was considered an affiliated company for

Notes to Schedule of Investments (unaudited) (cont’d)

all or some portion of the period ended March 31, 2022. The following transactions were effected in such company for the period ended March 31, 2022.


			Purchased				Sold				Realized Gain (Loss)		Dividend Income		Net Increase (Decrease) in Unrealized Appreciation (Depreciation)		Affiliate Value at March 31, 2022
	Affiliate Value at December 31, 2021		Cost		Shares		Cost		Shares		Realized Gain (Loss)		Dividend Income				Affiliate Value at March 31, 2022
Western Asset Premier Institutional Government Reserves, Premium Shares	$	2,054,211	$	80,835,663		80,835,663	$	63,285,753		63,285,753		—	$	899		—	$	19,604,121