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 811-21343

Western Asset Emerging Markets Debt Fund Inc.

(Exact name of registrant as specified in charter)

620 Eighth Avenue, 49^th Floor, New York, NY 10018

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

100 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-888-777-0102

Date of fiscal year end: December 31

Date of reporting period: September 30, 2017

ITEM 1. SCHEDULE OF INVESTMENTS.

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

FORM N-Q

SEPTEMBER 30, 2017

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
SOVEREIGN BONDS - 80.5%
Argentina - 8.4%
City of Buenos Aires Argentina, Senior Notes		7.500	%		6/1/27		5,140,000		$	5,710,540	(a)
Provincia de Buenos Aires, Senior Bonds		4.000	%		5/15/35		1,905,776			1,553,207	(b)
Provincia de Buenos Aires, Senior Notes		9.125	%		3/16/24		6,230,000			7,180,075	(a)
Provincia de Cordoba, Senior Notes		7.125	%		6/10/21		2,630,000			2,828,907	(a)
Provincia de Cordoba, Senior Notes		7.450	%		9/1/24		2,630,000			2,862,203	(a)
Provincia de Neuquen Argentina, Senior Notes		7.500	%		4/27/25		5,400,000			5,643,000	(a)
Republic of Argentina, Bonds (Argentina Central Bank 7 Day Repo Reference Rate)		26.250	%		6/21/20		2,630,000	ARS		158,853	(c)
Republic of Argentina, Bonds		18.200	%		10/3/21		3,040,000	ARS		181,670
Republic of Argentina, Senior Bonds (Argentina BADLAR Private Deposit Rate + 2.500%)		22.710	%		3/11/19		120,380,000	ARS		7,031,061	(c)
Republic of Argentina, Senior Bonds		6.875	%		4/22/21		3,160,000			3,450,325
Republic of Argentina, Senior Bonds		7.500	%		4/22/26		8,890,000			10,014,585
Republic of Argentina, Senior Bonds		7.125	%		7/6/36		4,490,000			4,725,725
Republic of Argentina, Senior Notes		8.280	%		12/31/33		12,590,301			14,667,701	(d)
Republic of Argentina, Senior Notes, Step Bond		2.500	%		12/31/38		34,960,000			24,734,200
Total Argentina										90,742,052
Armenia - 0.4%
Republic of Armenia, Senior Notes		6.000	%		9/30/20		3,850,000			4,079,114	(b)
Brazil - 3.2%
Federative Republic of Brazil, Notes		10.000	%		1/1/21		3,007,000	BRL		983,139
Federative Republic of Brazil, Notes		10.000	%		1/1/23		26,162,000	BRL		8,500,805
Federative Republic of Brazil, Notes		10.000	%		1/1/25		39,700,000	BRL		12,834,518
Federative Republic of Brazil, Senior Bonds		6.000	%		4/7/26		3,000,000			3,337,500	(e)
Federative Republic of Brazil, Senior Notes		4.250	%		1/7/25		8,380,000			8,474,275	(e)
Total Brazil										34,130,237
Byelorussian SSR - 0.5%
Republic of Belarus, Senior Notes		6.875	%		2/28/23		5,300,000			5,711,943	(a)
Cameroon - 0.1%
Republic of Cameroon, Senior Notes		9.500	%		11/19/25		1,200,000			1,421,632	(a)
Chile - 0.5%
Republic of Chile, Senior Notes		3.875	%		8/5/20		4,883,000			5,155,862	(e)
Colombia - 4.2%
Republic of Colombia, Senior Bonds		4.000	%		2/26/24		6,250,000			6,520,312	(e)
Republic of Colombia, Senior Bonds		7.375	%		9/18/37		16,567,000			21,934,708	(e)
Republic of Colombia, Senior Bonds		6.125	%		1/18/41		2,080,000			2,451,280	(e)
Republic of Colombia, Senior Notes		7.375	%		3/18/19		13,279,000			14,362,832	(e)
Total Colombia										45,269,132
Costa Rica - 1.0%
Republic of Costa Rica, Notes		7.000	%		4/4/44		10,210,000			10,886,923	(a)
Croatia - 0.9%
Republic of Croatia, Senior Notes		6.625	%		7/14/20		3,640,000			4,012,761	(a)
Republic of Croatia, Senior Notes		5.500	%		4/4/23		5,640,000			6,270,383	(b)
Total Croatia										10,283,144
Dominican Republic - 1.5%
Dominican Republic, Senior Notes		5.500	%		1/27/25		8,210,000			8,702,600	(a)
Dominican Republic, Senior Notes		6.850	%		1/27/45		6,300,000			7,063,875	(a)
Total Dominican Republic										15,766,475

See Notes to Schedule of Investments.

1

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Ecuador - 2.4%
Republic of Ecuador, Senior Bonds		10.500	%		3/24/20		5,480,000		$	5,938,950	(a)
Republic of Ecuador, Senior Bonds		10.750	%		3/28/22		5,270,000			5,902,400	(b)
Republic of Ecuador, Senior Bonds		10.750	%		3/28/22		4,210,000			4,715,200	(a)
Republic of Ecuador, Senior Bonds		7.950	%		6/20/24		4,870,000			4,833,475	(b)
Republic of Ecuador, Senior Bonds		9.650	%		12/13/26		4,270,000			4,526,200	(a)
Total Ecuador										25,916,225
Egypt - 1.4%
Arab Republic of Egypt, Senior Notes		6.125	%		1/31/22		5,430,000			5,629,721	(a)
Arab Republic of Egypt, Senior Notes		6.125	%		1/31/22		2,740,000			2,840,780	(b)
Arab Republic of Egypt, Senior Notes		7.500	%		1/31/27		800,000			872,429	(a)
Arab Republic of Egypt, Senior Notes		8.500	%		1/31/47		5,100,000			5,701,025	(a)
Total Egypt										15,043,955
El Salvador - 0.7%
Republic of El Salvador, Notes		6.375	%		1/18/27		7,260,000			7,214,625	(a)
Gabon - 0.2%
Gabonese Republic, Bonds		6.375	%		12/12/24		1,180,000			1,156,137	(a)
Gabonese Republic, Senior Bonds		6.950	%		6/16/25		1,480,000			1,478,135	(a)
Total Gabon										2,634,272
Georgia - 0.2%
Republic of Georgia, Bonds		6.875	%		4/12/21		2,360,000			2,651,106	(b)
Ghana - 1.5%
Republic of Ghana, Bonds		8.125	%		1/18/26		1,620,000			1,726,978	(a)
Republic of Ghana, Bonds		10.750	%		10/14/30		5,270,000			6,865,493	(a)
Republic of Ghana, Notes		7.875	%		8/7/23		5,050,000			5,378,174	(b)
Republic of Ghana, Senior Notes		9.250	%		9/15/22		1,580,000			1,760,114	(a)
Total Ghana										15,730,759
Guatemala - 0.6%
Republic of Guatemala, Senior Notes		4.500	%		5/3/26		2,100,000			2,118,375	(a)
Republic of Guatemala, Senior Notes		4.375	%		6/5/27		4,000,000			3,970,000	(a)
Total Guatemala										6,088,375
Honduras - 0.7%
Republic of Honduras, Senior Notes		7.500	%		3/15/24		1,440,000			1,645,200	(b)
Republic of Honduras, Senior Notes		6.250	%		1/19/27		5,260,000			5,682,588	(a)
Total Honduras										7,327,788
Hungary - 1.4%
Republic of Hungary, Senior Notes		5.750	%		11/22/23		12,608,000			14,632,454	(e)
Indonesia - 8.2%
Republic of Indonesia, Senior Bonds		6.875	%		1/17/18		1,095,000			1,111,698	(b)(e)
Republic of Indonesia, Senior Bonds		7.000	%		5/15/22		125,000,000,000	IDR		9,626,271
Republic of Indonesia, Senior Bonds		8.375	%		9/15/26		131,422,000,000	IDR		11,011,191
Republic of Indonesia, Senior Bonds		8.375	%		3/15/34		4,626,000,000	IDR		378,917
Republic of Indonesia, Senior Bonds		6.625	%		2/17/37		3,210,000			4,095,636	(b)(e)
Republic of Indonesia, Senior Notes		4.875	%		5/5/21		1,060,000			1,144,431	(a)(e)
Republic of Indonesia, Senior Notes		4.875	%		5/5/21		213,000			229,966	(b)(e)
Republic of Indonesia, Senior Notes		3.375	%		4/15/23		4,720,000			4,810,246	(a)(e)
Republic of Indonesia, Senior Notes		5.875	%		1/15/24		7,049,000			8,107,851	(a)(e)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		20,750,000			23,192,109	(a)(d)(e)
Republic of Indonesia, Senior Notes		5.250	%		1/17/42		2,520,000			2,816,584	(b)(e)

See Notes to Schedule of Investments.

2

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Indonesia - (continued)
Republic of Indonesia, Senior Notes		4.750	%		7/18/47		20,800,000		$	21,956,210	(a)(e)
Total Indonesia										88,481,110
Ivory Coast - 0.7%
Republic of Cote D’Ivoire, Senior Bonds		6.125	%		6/15/33		4,940,000			4,868,301	(a)
Republic of Cote D’Ivoire, Senior Notes		6.375	%		3/3/28		2,680,000			2,776,654	(a)
Total Ivory Coast										7,644,955
Jamaica - 0.6%
Government of Jamaica, Senior Notes		6.750	%		4/28/28		3,390,000			3,919,687
Government of Jamaica, Senior Notes		8.000	%		3/15/39		1,760,000			2,184,600
Total Jamaica										6,104,287
Jordan - 0.5%
Kingdom of Jordan, Senior Notes		6.125	%		1/29/26		440,000			446,227	(a)
Kingdom of Jordan, Senior Notes		5.750	%		1/31/27		5,490,000			5,396,851	(a)
Total Jordan										5,843,078
Kazakhstan - 0.9%
Republic of Kazakhstan, Senior Bonds		3.875	%		10/14/24		9,890,000			10,186,908	(b)
Kenya - 0.3%
Republic of Kenya, Senior Notes		5.875	%		6/24/19		2,640,000			2,719,094	(a)
Republic of Kenya, Senior Notes		6.875	%		6/24/24		200,000			205,022	(a)
Total Kenya										2,924,116
Kuwait - 0.3%
Kuwait International Government Bonds, Senior Notes		3.500	%		3/20/27		3,260,000			3,357,888	(a)
Lebanon - 1.5%
Lebanese Republic, Senior Notes		6.250	%		11/4/24		16,300,000			16,025,541	(b)
Lithuania - 1.2%
Republic of Lithuania, Senior Notes		6.125	%		3/9/21		11,550,000			12,994,651	(a)(e)
Mexico - 3.5%
United Mexican States, Medium-Term Notes		6.050	%		1/11/40		1,132,000			1,362,645	(e)
United Mexican States, Senior Bonds		6.500	%		6/9/22		380,620,000	MXN		20,742,013
United Mexican States, Senior Notes		4.000	%		10/2/23		12,776,000			13,538,727	(e)
United Mexican States, Senior Notes		4.750	%		3/8/44		1,248,000			1,289,184	(e)
United Mexican States, Senior Notes		5.550	%		1/21/45		60,000			69,195	(e)
United Mexican States, Senior Notes		4.600	%		1/23/46		1,229,000			1,244,363	(e)
Total Mexico										38,246,127
Nigeria - 0.8%
Republic of Nigeria, Notes		7.875	%		2/16/32		5,840,000			6,399,530	(a)
Republic of Nigeria, Senior Notes		7.875	%		2/16/32		2,200,000			2,410,782	(b)
Total Nigeria										8,810,312
Oman - 0.1%
Oman Government International Bond, Senior Notes		5.375	%		3/8/27		830,000			854,433	(a)
Panama - 0.1%
Republic of Panama, Senior Bonds		9.375	%		4/1/29		910,000			1,374,100	(e)
Republic of Panama, Senior Bonds		6.700	%		1/26/36		159,000			211,073
Total Panama										1,585,173

See Notes to Schedule of Investments.

3

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Paraguay - 0.3%
Republic of Paraguay, Senior Bonds		5.000	%		4/15/26		3,500,000		$	3,745,000	(a)
Peru- 4.9%
Republic of Peru, Senior Bonds		7.350	%		7/21/25		10,300,000			13,549,650	(e)
Republic of Peru, Senior Bonds		8.750	%		11/21/33		19,998,000			31,526,847	(e)
Republic of Peru, Senior Bonds		6.550	%		3/14/37		5,219,000			7,045,650	(e)
Republic of Peru, Senior Bonds		5.625	%		11/18/50		1,026,000			1,297,890	(e)
Total Peru										53,420,037
Philippines- 1.0%
Republic of Philippines, Senior Bonds		5.000	%		1/13/37		4,770,000			5,650,456	(e)
Republic of Philippines, Senior Bonds		3.950	%		1/20/40		4,600,000			4,775,458	(e)
Total Philippines										10,425,914
Poland- 2.6%
Republic of Poland, Senior Notes		5.125	%		4/21/21		10,940,000			12,007,744	(e)
Republic of Poland, Senior Notes		5.000	%		3/23/22		14,784,000			16,358,422	(e)
Total Poland										28,366,166
Romania- 0.9%
Republic of Romania, Senior Notes		4.875	%		1/22/24		7,370,000			8,140,902	(b)(e)
Republic of Romania, Senior Notes		4.875	%		1/22/24		1,570,000			1,734,222	(a)(e)
Total Romania										9,875,124
Russia- 6.3%
Russian Federal Bond, Bonds		8.150	%		2/3/27		289,580,000	RUB		5,272,610
Russian Federal Bond, Bonds		7.050	%		1/19/28		46,866,000	RUB		791,224
Russian Federal Bond, Senior Bonds		7.000	%		1/25/23		964,000,000	RUB		16,388,167
Russian Foreign Bond - Eurobond, Senior Bonds		11.000	%		7/24/18		215,000			230,743	(b)
Russian Foreign Bond - Eurobond, Senior Bonds		12.750	%		6/24/28		790,000			1,390,831	(b)
Russian Foreign Bond - Eurobond, Senior Bonds		7.500	%		3/31/30		27,147,284			32,016,150	(b)
Russian Foreign Bond - Eurobond, Senior Bonds		5.625	%		4/4/42		7,400,000			8,243,452	(a)
Russian Foreign Bond - Eurobond, Senior Bonds		5.875	%		9/16/43		3,400,000			3,893,024	(a)
Total Russia										68,226,201
Senegal- 0.7%
Republic of Senegal, Bonds		6.250	%		7/30/24		2,170,000			2,323,810	(b)
Republic of Senegal, Bonds		6.250	%		5/23/33		5,600,000			5,775,224	(a)
Total Senegal										8,099,034
South Africa- 0.9%
Republic of South Africa, Senior Notes		4.875	%		4/14/26		9,780,000			9,882,846	(e)
Sri Lanka- 2.0%
Republic of Sri Lanka, Senior Bonds		5.125	%		4/11/19		2,000,000			2,050,346	(b)
Republic of Sri Lanka, Senior Bonds		6.825	%		7/18/26		2,280,000			2,509,521	(a)
Republic of Sri Lanka, Senior Notes		6.250	%		7/27/21		7,660,000			8,254,776	(b)
Republic of Sri Lanka, Senior Notes		5.875	%		7/25/22		3,460,000			3,688,609	(b)
Republic of Sri Lanka, Senior Notes		6.200	%		5/11/27		4,900,000			5,149,552	(a)
Total Sri Lanka										21,652,804
Turkey- 5.5%
Republic of Turkey, Bonds		7.400	%		2/5/20		20,510,000	TRY		5,308,901
Republic of Turkey, Senior Bonds		5.625	%		3/30/21		1,700,000			1,810,763	(e)
Republic of Turkey, Senior Bonds		5.750	%		3/22/24		450,000			479,161	(e)
Republic of Turkey, Senior Bonds		11.875	%		1/15/30		13,970,000			22,262,382	(e)
Republic of Turkey, Senior Notes		3.250	%		3/23/23		850,000			810,166	(e)
Republic of Turkey, Senior Notes		6.000	%		3/25/27		2,210,000			2,376,789	(e)
Republic of Turkey, Senior Notes		6.875	%		3/17/36		23,529,000			26,604,381	(d)(e)
Total Turkey										59,652,543

See Notes to Schedule of Investments.

4

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Ukraine- 1.9%
Republic of Ukraine, Senior Notes		7.750	%		9/1/20		17,470,000		$	18,558,556	(a)
Republic of Ukraine, Senior Notes		7.375	%		9/25/32		1,600,000			1,561,520	(a)
Total Ukraine										20,120,076
Uruguay - 1.8%
Republic of Uruguay, Senior Bonds		8.500	%		3/15/28		91,200,000	UYU		3,257,758	(a)
Republic of Uruguay, Senior Bonds		5.100	%		6/18/50		5,760,000			6,091,200	(e)
Republic of Uruguay, Senior Notes		9.875	%		6/20/22		142,400,000	UYU		5,319,631	(a)
Republic of Uruguay, Senior Notes		4.375	%		10/27/27		4,943,154			5,341,696	(e)
Total Uruguay										20,010,285
Venezuela - 1.9%
Bolivarian Republic of Venezuela, Senior Bonds		8.250	%		10/13/24		33,467,000			11,462,447	(b)
Bolivarian Republic of Venezuela, Senior Bonds		9.250	%		9/15/27		4,205,000			1,682,000
Bolivarian Republic of Venezuela, Senior Notes		7.750	%		10/13/19		15,390,000			6,963,975	(b)
Total Venezuela										20,108,422
Vietnam - 1.0%
Republic of Vietnam, Senior Bonds		6.750	%		1/29/20		1,690,000			1,849,181	(b)
Republic of Vietnam, Senior Bonds		4.800	%		11/19/24		8,700,000			9,309,052	(a)
Total Vietnam										11,158,233
Zambia - 0.3%
Republic of Zambia, Senior Notes		8.970	%		7/30/27		2,900,000			3,155,780	(a)
TOTAL SOVEREIGN BONDS (Cost - $805,084,097)										871,643,117
CORPORATE BONDS & NOTES - 50.2%
CONSUMER DISCRETIONARY - 1.0%
Hotels, Restaurants & Leisure - 0.3%
Gohl Capital Ltd., Senior Bonds		4.250	%		1/24/27		3,130,000			3,232,260	(b)
Media - 0.7%
Grupo Televisa SAB, Senior Bonds		6.625	%		1/15/40		1,480,000			1,811,199	(e)
Myriad International Holdings BV, Senior Notes		5.500	%		7/21/25		2,750,000			3,004,402	(a)(e)
Myriad International Holdings BV, Senior Notes		4.850	%		7/6/27		2,250,000			2,332,125	(a)(e)
Total Media										7,147,726
TOTAL CONSUMER DISCRETIONARY										10,379,986
CONSUMER STAPLES - 0.7%
Food & Staples Retailing - 0.1%
Prosperous Ray Ltd., Senior Bonds		4.625	%		11/12/23		680,000			739,726	(b)
Food Products - 0.6%
Marfrig Holding Europe BV, Senior Notes		6.875	%		6/24/19		2,790,000			2,880,675	(a)(e)
Marfrig Holding Europe BV, Senior Notes		8.000	%		6/8/23		3,700,000			3,841,340	(a)(e)
Total Food Products										6,722,015
TOTAL CONSUMER STAPLES										7,461,741
ENERGY - 22.9%
Oil, Gas & Consumable Fuels - 22.9%
Borets Finance DAC, Senior Notes		6.500	%		4/7/22		2,000,000			2,140,820	(a)
CNOOC Curtis Funding No. 1 Pty Ltd., Senior Notes		4.500	%		10/3/23		2,750,000			2,972,775	(b)(e)
Dolphin Energy Ltd., Senior Secured Bonds		5.888	%		6/15/19		2,079,693			2,157,582	(b)(e)
Ecopetrol SA, Senior Notes		7.625	%		7/23/19		2,550,000			2,802,960	(e)
Ecopetrol SA, Senior Notes		5.875	%		9/18/23		3,010,000			3,350,130	(e)
Ecopetrol SA, Senior Notes		5.875	%		5/28/45		7,160,000			7,025,750	(e)
Frontera Energy Corp., Senior Secured Notes (10.000% Cash or 14.000% PIK)		10.000	%		11/2/21		3,100,000			3,464,250	(e)(f)
GNL Quintero SA, Senior Notes		4.634	%		7/31/29		1,877,000			1,968,504	(a)(e)
KazMunayGas National Co. JSC, Senior Notes		6.375	%		4/9/21		15,200,000			16,654,108	(a)(d)
KazMunayGas National Co. JSC, Senior Notes		4.750	%		4/19/27		5,160,000			5,243,494	(a)
KazMunayGas National Co. JSC, Senior Notes		5.750	%		4/19/47		4,970,000			4,912,457	(a)

See Notes to Schedule of Investments.

5

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†			VALUE
Oil, Gas & Consumable Fuels - (continued)
KazTransGas JSC, Senior Notes		4.375	%		9/26/27		5,900,000		$	5,869,881	(a)
LUKOIL International Finance BV, Bonds		6.656	%		6/7/22		3,524,000			3,989,908	(b)
LUKOIL International Finance BV, Senior Notes		3.416	%		4/24/18		2,704,000			2,724,545	(a)(e)
LUKOIL International Finance BV, Senior Notes		4.750	%		11/2/26		3,500,000			3,692,850	(a)(e)
ONGC Videsh Ltd., Senior Notes		4.625	%		7/15/24		720,000			773,667	(b)
Petrobras Global Finance BV, Senior Notes		4.875	%		3/17/20		14,045,000			14,641,912	(e)
Petrobras Global Finance BV, Senior Notes		5.375	%		1/27/21		16,220,000			17,152,650	(e)
Petrobras Global Finance BV, Senior Notes		8.375	%		5/23/21		1,000,000			1,158,500	(e)
Petrobras Global Finance BV, Senior Notes		7.375	%		1/17/27		5,600,000			6,176,800	(e)
Petrobras Global Finance BV, Senior Notes		5.625	%		5/20/43		1,340,000			1,200,975	(e)
Petrobras Global Finance BV, Senior Notes		6.850	%		6/5/2115		1,800,000			1,723,500	(e)
Petroleos de Venezuela SA, Senior Bonds		6.000	%		5/16/24		16,365,000			5,015,873	(b)
Petroleos de Venezuela SA, Senior Notes		9.000	%		11/17/21		16,630,000			6,880,663	(b)
Petroleos del Peru SA, Senior Notes		4.750	%		6/19/32		10,800,000			11,133,720	(a)(e)
Petroleos Mexicanos, Senior Bonds		6.625	%		6/15/35		19,060,000			20,632,450	(e)
Petroleos Mexicanos, Senior Notes		5.500	%		1/21/21		13,220,000			14,122,265	(e)
Petroleos Mexicanos, Senior Notes		3.500	%		1/30/23		1,400,000			1,383,340	(e)
Petroleos Mexicanos, Senior Notes		6.875	%		8/4/26		2,561,000			2,919,540	(e)
Petroleos Mexicanos, Senior Notes		6.375	%		1/23/45		3,362,000			3,429,240	(e)
Petron Corp., Subordinated Bonds (5 year Treasury Constant Maturity Rate + 9.101%)		7.500	%		8/6/18		3,200,000			3,336,000	(b)(c)(g)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		10,270,000			10,846,999	(a)(e)
Petronas Capital Ltd., Senior Notes		5.250	%		8/12/19		1,388,000			1,465,982	(b)(e)
PT Pertamina Persero, Senior Notes		5.250	%		5/23/21		6,760,000			7,327,380	(a)(e)
PT Pertamina Persero, Senior Notes		4.875	%		5/3/22		2,540,000			2,730,144	(a)(e)
PT Pertamina Persero, Senior Notes		4.300	%		5/20/23		3,250,000			3,419,533	(a)(e)
Puma International Financing SA, Senior Bonds		6.750	%		2/1/21		2,490,000			2,572,212	(a)
Ras Laffan Liquefied Natural Gas Co., Ltd. III, Senior Secured Bonds		6.750	%		9/30/19		6,218,000			6,712,718	(b)(e)
Reliance Holdings USA Inc., Senior Notes		4.500	%		10/19/20		6,610,000			6,985,060	(a)(e)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		10/17/23		1,640,000			1,766,541	(b)(e)
Sinopec Group Overseas Development Ltd., Senior Notes		4.375	%		4/10/24		3,570,000			3,838,157	(a)(e)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		5,420,000			5,636,800	(a)(e)
Transportadora de Gas del Peru SA, Senior Notes		4.250	%		4/30/28		1,080,000			1,123,200	(b)(e)
Ultrapar International SA, Senior Notes		5.250	%		10/6/26		3,190,000			3,289,688	(a)(e)
YPF Sociedad Anonima, Senior Notes		8.500	%		3/23/21		4,700,000			5,286,090	(a)
YPF Sociedad Anonima, Senior Notes		16.500	%		5/9/22		78,563,600	ARS		4,272,326	(a)
TOTAL ENERGY										247,923,939
FINANCIALS - 7.5%
Banks - 6.1%
Banco Bilbao Vizcaya Argentaria Colombia SA, Subordinated Notes		4.875	%		4/21/25		2,600,000			2,769,000	(a)(e)
Banco del Estado de Chile, Senior Notes		4.125	%		10/7/20		1,110,000			1,172,018	(a)(e)
Banco Mercantil De Norte, Junior Subordinated Notes (10 year Treasury Constant Maturity Rate + 5.353%)		7.625	%		1/10/28		5,900,000			6,451,650	(a)(c)(g)
Banco Nacional de Costa Rica, Senior Notes		5.875	%		4/25/21		5,090,000			5,311,313	(a)
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			1,065,750	(a)(c)(e)
Export Credit Bank of Turkey, Senior Bonds		5.000	%		9/23/21		2,340,000			2,400,695	(a)(e)
Export Credit Bank of Turkey, Senior Notes		5.875	%		4/24/19		2,770,000			2,874,473	(a)(e)
Export Credit Bank of Turkey, Senior Notes		5.375	%		10/24/23		5,300,000			5,460,696	(a)(e)
HSBC Holdings PLC, Senior Notes		4.300	%		3/8/26		1,890,000			2,032,906	(e)
Russian Agricultural Bank, Notes		8.500	%		10/16/23		2,970,000			3,306,332	(b)
Russian Agricultural Bank, Senior Notes		7.750	%		5/29/18		20,970,000			21,674,571	(b)
Shinhan Bank, Subordinated Notes		3.875	%		3/24/26		1,260,000			1,275,372	(a)(e)
TC Ziraat Bankasi AS, Senior Notes		4.750	%		4/29/21		4,015,000			4,075,225	(a)(e)

See Notes to Schedule of Investments.

6

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Banks - (continued)
TC Ziraat Bankasi AS, Senior Notes		5.125	%		5/3/22		6,400,000	$	6,517,453	(a)(e)
Total Banks									66,387,454
Capital Markets - 0.2%
Magyar Export-Import Bank Zrt., Senior Bonds		4.000	%		1/30/20		2,440,000		2,523,314	(a)(e)
Consumer Finance - 0.3%
DAE Funding LLC, Senior Notes		5.000	%		8/1/24		2,880,000		2,959,200	(a)
Diversified Financial Services - 0.9%
Banco Nacional de Comercio Exterior SNC, Senior Notes		4.375	%		10/14/25		5,760,000		6,033,600	(a)(e)
Park Aerospace Holdings Ltd., Senior Notes		5.250	%		8/15/22		1,000,000		1,043,750	(a)(e)
Park Aerospace Holdings Ltd., Senior Notes		5.500	%		2/15/24		1,980,000		2,083,950	(a)(e)
Total Diversified Financial Services									9,161,300
TOTAL FINANCIALS									81,031,268
INDUSTRIALS - 2.5%
Industrial Conglomerates - 0.6%
Alfa SAB de CV, Senior Notes		6.875	%		3/25/44		1,000,000		1,132,500	(a)(e)
Sinochem Overseas Capital Co., Ltd., Senior Notes		4.500	%		11/12/20		5,220,000		5,530,141	(a)(e)
Total Industrial Conglomerates									6,662,641
Road & Rail - 0.3%
Empresa de Transporte de Pasajeros Metro SA, Senior Notes		5.000	%		1/25/47		2,560,000		2,821,734	(a)(e)
Transportation - 0.6%
Mexico City Airport Trust, Senior Secured Bonds		5.500	%		10/31/46		6,950,000		7,111,935	(a)(e)
Transportation Infrastructure - 1.0%
Aeropuertos Dominicanos Siglo XXI SA, Senior Secured Notes		6.750	%		3/30/29		1,600,000		1,733,728	(a)
Mersin Uluslararasi Liman Isletmeciligi AS, Notes		5.875	%		8/12/20		2,120,000		2,217,003	(a)(e)
PT Pelabuhan Indonesia II, Senior Bonds		4.250	%		5/5/25		6,300,000		6,485,724	(a)(e)
Total Transportation Infrastructure									10,436,455
TOTAL INDUSTRIALS									27,032,765
MATERIALS - 7.9%
Chemicals - 3.0%
Alpek SAB de CV, Senior Notes		4.500	%		11/20/22		5,878,000		6,010,255	(a)(e)
Braskem America Finance Co., Senior Notes		7.125	%		7/22/41		210,000		239,400	(b)(e)
Equate Petrochemical BV, Senior Notes		3.000	%		3/3/22		492,000		488,987	(b)
Equate Petrochemical BV, Senior Notes		4.250	%		11/3/26		1,300,000		1,340,040	(a)(e)
Mexichem SAB de CV, Senior Notes		4.875	%		9/19/22		2,101,000		2,253,322	(a)(e)
Mexichem SAB de CV, Senior Notes		5.875	%		9/17/44		4,960,000		5,170,800	(a)(e)
OCP SA, Senior Notes		5.625	%		4/25/24		4,900,000		5,292,490	(a)(e)
OCP SA, Senior Notes		4.500	%		10/22/25		5,590,000		5,641,976	(a)(e)
Phosagro OAO via Phosagro Bond Funding DAC, Senior Notes		3.950	%		11/3/21		5,600,000		5,692,747	(a)
Total Chemicals									32,130,017
Construction Materials - 0.8%
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		2,200,000		2,271,500	(a)(e)
Cementos Pacasmayo SAA, Senior Notes		4.500	%		2/8/23		750,000		774,375	(b)(e)
Cemex SAB de CV, Senior Secured Notes		6.500	%		12/10/19		1,834,000		1,914,237	(a)(e)
Cemex SAB de CV, Senior Secured Notes		6.125	%		5/5/25		2,920,000		3,149,950	(a)(e)
Total Construction Materials									8,110,062
Containers & Packaging - 0.8%
Suzano Austria GmbH, Senior Notes		5.750	%		7/14/26		6,530,000		7,031,504	(a)(e)
Suzano Trading Ltd., Senior Notes		5.875	%		1/23/21		1,528,000		1,655,970	(b)(e)
Total Containers & Packaging									8,687,474

See Notes to Schedule of Investments.

7

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE		FACE AMOUNT†		VALUE
Metals & Mining - 2.6%
Corporacion Nacional del Cobre de Chile, Senior Notes		3.625	%		8/1/27		7,700,000	$	7,710,318	(a)
Severstal OAO Via Steel Capital SA, Senior Notes		4.450	%		3/19/18		3,410,000		3,446,794	(a)(e)
Southern Copper Corp., Senior Notes		7.500	%		7/27/35		310,000		404,319	(e)
Southern Copper Corp., Senior Notes		6.750	%		4/16/40		8,490,000		10,464,611	(e)
Southern Copper Corp., Senior Notes		5.250	%		11/8/42		1,110,000		1,181,439	(e)
Vale Overseas Ltd., Senior Notes		5.875	%		6/10/21		2,630,000		2,898,260	(e)
Vale Overseas Ltd., Senior Notes		4.375	%		1/11/22		2,323,000		2,426,374	(e)
Total Metals & Mining									28,532,115
Paper & Forest Products - 0.7%
Celulosa Arauco y Constitucion SA, Senior Notes		7.250	%		7/29/19		1,037,000		1,128,276	(e)
Inversiones CMPC SA, Notes		4.375	%		5/15/23		2,070,000		2,145,274	(a)(e)
Inversiones CMPC SA, Senior Notes		4.500	%		4/25/22		2,350,000		2,464,428	(a)(e)
Klabin Finance SA, Senior Notes		5.250	%		7/16/24		1,900,000		1,985,500	(a)(e)
Total Paper & Forest Products									7,723,478
TOTAL MATERIALS									85,183,146
REAL ESTATE - 0.7%
Real Estate Management & Development - 0.7%
China Overseas Finance Cayman III Ltd., Senior Bonds		5.375	%		10/29/23		2,460,000		2,743,416	(b)
Country Garden Holdings Co., Ltd., Senior Bonds		7.250	%		4/4/21		2,200,000		2,288,568	(b)(e)
Yuzhou Properties Co., Ltd., Senior Notes		6.000	%		10/25/23		2,000,000		2,065,154	(b)
TOTAL REAL ESTATE									7,097,138
TELECOMMUNICATION SERVICES - 2.1%
Diversified Telecommunication Services - 0.2%
Ooredoo International Finance Ltd., Senior Notes		4.750	%		2/16/21		2,710,000		2,877,283	(a)(e)
Wireless Telecommunication Services - 1.9%
Millicom International Cellular SA, Senior Notes		5.125	%		1/15/28		2,650,000		2,685,775	(a)
VEON Holdings BV, Senior Notes		5.950	%		2/13/23		11,950,000		13,007,575	(b)
VEON Holdings BV, Senior Notes		5.950	%		2/13/23		3,900,000		4,245,150	(a)(e)
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC, Senior Notes		7.748	%		2/2/21		440,000		500,278	(a)(e)
Total Wireless Telecommunication Services									20,438,778
TOTAL TELECOMMUNICATION SERVICES									23,316,061
UTILITIES - 4.9%
Electric Utilities - 3.1%
Cerro del Aguila SA, Senior Notes		4.125	%		8/16/27		2,350,000		2,353,055	(a)(e)
Comision Federal de Electricidad, Senior Notes		4.875	%		1/15/24		2,340,000		2,521,350	(a)(e)
Comision Federal de Electricidad, Senior Notes		6.125	%		6/16/45		2,690,000		2,979,175	(a)(e)
Majapahit Holding BV, Senior Notes		7.750	%		1/20/20		7,590,000		8,482,584	(b)(e)
Pampa Energia SA, Senior Notes		7.500	%		1/24/27		4,950,000		5,392,183	(a)
PT Perusahaan Listrik Negara, Senior Notes		5.500	%		11/22/21		6,350,000		7,004,050	(b)(e)
PT Perusahaan Listrik Negara, Senior Notes		4.125	%		5/15/27		5,300,000		5,312,170	(a)(e)
Total Electric Utilities									34,044,567
Gas Utilities - 0.6%
Empresa de Energia de Bogota SA ESP, Senior Notes		6.125	%		11/10/21		2,560,000		2,630,400	(a)(e)
Transportadora de Gas Internacional SA ESP, Senior Notes		5.700	%		3/20/22		3,750,000		3,873,750	(a)(e)
Total Gas Utilities									6,504,150
Independent Power and Renewable Electricity Producers - 0.9%
AES Gener SA, Notes		5.250	%		8/15/21		2,970,000		3,157,422	(a)(e)
Enel Generacion Chile SA, Senior Notes		4.250	%		4/15/24		500,000		526,228	(e)
Minejesa Capital BV, Senior Secured Bonds		5.625	%		8/10/37		3,100,000		3,249,758	(a)(e)

See Notes to Schedule of Investments.

8

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

SECURITY	RATE			MATURITY DATE	FACE AMOUNT†			VALUE
Independent Power and Renewable Electricity Producers - (continued)
Three Gorges Finance Ltd., Senior Notes		3.700	%	6/10/25		2,890,000		$	2,990,092	(a)(e)
Total Independent Power and Renewable Electricity Producers									9,923,500
Multi-Utilities- 0.3%
Empresas Publicas de Medellin ESP, Senior Notes		7.625	%	7/29/19		2,590,000			2,849,000	(a)(e)
TOTAL UTILITIES									53,321,217
TOTAL CORPORATE BONDS & NOTES (Cost - $511,276,032)									542,747,261
					SHARES
COMMON STOCKS - 0.4%
ENERGY- 0.4%
Oil, Gas & Consumable Fuels- 0.4%
Frontera Energy Corp.						77,500			2,703,560	*(e)(h)
Frontera Energy Corp.						49,464			1,731,240	*
TOTAL COMMON STOCKS (Cost - $6,535,707)									4,434,800
TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS (Cost - $1,322,895,836)									1,418,825,178
					FACE AMOUNT†
SHORT-TERM INVESTMENTS - 1.3%
SOVEREIGN BONDS- 1.0%
Egypt- 1.0%
Arab Republic of Egypt Treasury Bills		0.000	%	10/10/17		90,750,000	EGP		5,128,357	(i)
Arab Republic of Egypt Treasury Bills		19.871	%	10/24/17		110,000,000	EGP		6,163,730	(i)
TOTAL SOVEREIGN BONDS (Cost - $11,079,926)									11,292,087
					SHARES
Money Market Funds- 0.3%
State Street Institutional U.S. Government Money Market Fund, Premier Class (Cost - $3,084,269)		0.907	%			3,084,269			3,084,269
TOTAL SHORT-TERM INVESTMENTS (Cost - $14,164,195)									14,376,356
TOTAL INVESTMENTS - 132.4% (Cost - $1,337,060,031)									1,433,201,534
Liabilities in Excess of Other Assets - (32.4)%									(350,593,437	)
TOTAL NET ASSETS - 100.0%								$	1,082,608,097

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

* Non-income producing security.

(a) 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.

(b) 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.

(c) 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.

(d) All or a portion of this security is held by the counterparty as collateral for open reverse repurchase agreements.

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

(f) Payment-in-kind security for which the issuer has the option at each interest payment date of making interest payments in cash or additional debt securities.

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

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

(i) Rate shown represents yield-to-maturity.

Abbreviations used in this schedule:

ARS	— Argentine Peso
BRL	— Brazilian Real
EGP	— Egyptian Pound
IDR	— Indonesian Rupiah
MXN	— Mexican Peso
OJSC	— Open Joint Stock Company
RUB	— Russian Ruble
TRY	— Turkish Lira
UYU	— Uruguayan Peso

See Notes to Schedule of Investments.

9

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

At September 30, 2017, the Fund had the following open reverse repurchase agreements:

Counterparty	Rate			Effective Date		Maturity Date			Face Amount of Reverse Repurchase Agreements		Asset Class of Collateral*		Collateral Value
Barclays Bank PLC		0.75-1.75	%		6/15/2017		TBD	*	$	29,813,750		Sovereign Bonds	$	39,073,232
Barclays Bank PLC		2.00	%		6/19/2017		TBD	*		14,106,083		Sovereign Bonds		16,765,380
Barclays Bank PLC		1.75	%		8/25/2017		TBD	*		15,346,270		Sovereign Bonds		16,654,108
Credit Suisse		1.55	%		9/26/2017		TBD	*		18,184,848		Sovereign Bonds		22,155,268
									$	77,450,951			$	94,647,988

* Refer to the Schedule of Investments for positions held at the counterparty as collateral for reverse repurchase agreements.

** TBD-To Be Determined; These reverse repurchase agreements have no maturity dates because they are renewed daily and can be terminated by either the Fund or the counterparty in accordance with the terms of the agreements.

At September 30, 2017, 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		984		12/17	$	124,266,670	$	123,307,500	$	959,170

At September 30, 2017, the Fund had the following open forward foreign currency contracts:

Currency Purchased		Currency Sold			Counterparty	Settlement Date		Unrealized Depreciation
USD	10,695,883		PHP	552,656,280	Citibank N.A.		10/16/17	$	(175,447	)
USD	2,018,622		ARS	36,436,126	Citibank N.A.		11/15/17		(37,215	)
ARS	36,436,126		USD	2,097,043	JPMorgan Chase & Co.		11/15/17		(41,206	)
INR	690,788,000		USD	10,652,089	JPMorgan Chase & Co.		1/16/18		(202,177	)
USD	20,872,138		SAR	78,665,000	Bank of America N.A.		4/16/18		(73,509	)
Total								$	(529,554	)

Abbreviations used in this table:

ARS	— Argentine Peso
INR	— Indian Rupee
PHP	— Philippine Peso
SAR	— Saudi Arabian Riyal
USD	— United States Dollar

At September 30, 2017, the Fund had the following open swap contracts:

OTC INTEREST RATE SWAPS
SWAP COUNTERPARTY	NOTIONAL AMOUNT*			TERMINATION DATE		PAYMENTS MADE BY THE FUND†			PAYMENTS RECEIVED BY THE FUND†	UPFRONT PREMIUMS PAID (RECEIVED)		UNREALIZED APPRECIATION (DEPRECIATION)
Goldman Sachs Group Inc.		386,750,000	BRL		1/4/21		8.840	%	BRL-CDI		—	$	(557,786	)
Goldman Sachs Group Inc.		283,800,000	BRL		1/2/23		BRL-CDI		9.375% semi-annually		—		370,826
Total											—	$	(186,960	)

See Notes to Schedule of Investments.

10

WESTERN ASSET EMERGING MARKETS DEBT FUND INC.

Schedule of investments (unaudited) (cont’d) September 30, 2017

At September 30, 2017, the Fund had the following open swap contracts:

OTC CREDIT DEFAULT SWAPS ON SOVEREIGN ISSUES - BUY PROTECTION1
SWAP COUNTERPARTY (REFERENCE ENTITY)	NOTIONAL AMOUNT2		TERMINATION DATE		IMPLIED CREDIT SPREAD AT SEPTEMBER 30, 20173	PERIODIC PAYMENTS MADE BY THE FUND†	MARKET VALUE			UPFRONT PREMIUMS PAID (RECEIVED)			UNREALIZED APPRECIATION
Barclays Capital Inc. (Republic of Korea, 7.125%, due 4/16/19)	$	11,200,000		6/20/22	0.69%	1.000% quarterly	$	(153,228	)	$	(264,513	)	$	111,285

⁽¹⁾  If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or the underlying securities comprising the referenced index or (ii) receive 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 the 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.

⁽³⁾  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.

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

** One time payment made at termination date.

Abbreviation used in this table:

BRL — Brazilian Real

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.

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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 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. Short-term fixed income securities that will mature in 60 days or less are valued at amortized cost, unless it is determined that using this method would not reflect an investment’s fair value. 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 Legg Mason North Atlantic 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 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.

12

Notes to Schedule of Investments (unaudited) (continued)

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)

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		—	$	871,643,117		—	$	871,643,117
Corporate Bonds & Notes		—		542,747,261		—		542,747,261
Common Stocks	$	1,731,240		2,703,560		—		4,434,800
Total Long-Term Investments		1,731,240		1,417,093,938		—		1,418,825,178
Short-Term Investments†:
Sovereign Bonds		—		11,292,087		—		11,292,087
Money Market Funds		3,084,269		—		—		3,084,269
Total Short-Term Investments		3,084,269		11,292,087		—		14,376,356
Total Investments	$	4,815,509	$	1,428,386,025		—	$	1,433,201,534
Other Financial Instruments:
Futures Contracts		959,170		—		—		959,170
OTC Interest Rate Swaps		—		370,826		—		370,826
Total Other Financial Instruments		959,170		370,826		—		1,329,996
Total	$	5,774,679	$	1,428,756,851		—	$	1,434,531,530
LIABILITIES
DESCRIPTION	QUOTED PRICES (LEVEL 1)		OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)		TOTAL
Other Financial Instruments:
Forward Foreign Currency Contracts		—	$	529,554		—	$	529,554
OTC Credit Default Swaps on Sovereign Issues - Buy Protection‡		—		153,228		—		153,228
OTC Interest Rate Swaps		—		557,786		—		557,786
Total		—	$	1,240,568		—	$	1,240,568

† See Schedule of Investments for additional detailed categorizations.

‡ Value includes any premium paid or received with respect to swap contracts.

13

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.

Western Asset Emerging Markets Debt Fund Inc.

By	/S/    JANE TRUST
	Jane Trust
	Chief Executive Officer
Date: November 28, 2017

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/    JANE TRUST
	Jane Trust
	Chief Executive Officer
Date: November 28, 2017

By	/S/    RICHARD F. SENNETT
	Richard F. Sennett
	Principal Financial Officer
Date: November 28, 2017