Company Press Release

TCW Launches Emerging Markets Local Currency Income Fund

LOS ANGELES – January 3, 2011 – The TCW Group, Inc. (“TCW”), an international asset-management firm, today announced the availability of the TCW Emerging Markets Local Currency Income Fund. The Fund expands TCW’s lineup of emerging markets strategies focused on fixed income securities. The TCW Emerging Markets Local Currency Income Fund (TGWIX/TGWNX) invests in emerging markets sovereign and corporate bonds denominated in local currencies. The Fund is managed by Dave Robbins and Penny Foley, who also manage the $1.5 billion TCW Emerging Markets Income Fund (TGEIX/TGINX), and applies the same top-down / bottom-up research process to identify investment opportunities.

“The new Fund builds on the outstanding track record TCW has established in Emerging Markets investing under Dave and Penny’s leadership, and gives our clients a new opportunity to invest in some of the world’s fastest-growing economies,” said Charles “Chuck” Baldiswieler, President and C.E.O of TCW Funds Inc.

“The market for local EM bonds is about twice the size of the U.S.-dollar denominated EM universe,’’ said Robbins. “As a result, many local EM bond markets provide better liquidity and a more diversified set of investment options.”

“EM local market bonds are an important part of a well-diversified EM debt portfolio,’’ said Foley. “Local bonds offer higher risk-adjusted returns than U.S.-dollar denominated EM bonds and the scope for currency diversification.”

The TCW Emerging Markets Local Currency Income Fund is expected to own bonds across ten to 25 emerging markets countries and will hedge currencies on an opportunistic basis.

The TCW Emerging Markets Income Fund maintains a 5-star overall rating from Morningstar in the emerging markets bond category. The fund is rated 5-stars for the three-year and five-year periods and 4-stars for the 10-year period ending November 30, 2010. The total number of emerging markets bond funds in the category over the three-, five-, and 10-year time periods were 88, 58, and 41 respectively.

For more information on the TCW Emerging Markets Local Currency Income Fund please visit www.tcw.com or call us at 800-386-3829.

About TCW Funds

TCW Funds, Inc. is an open-end investment company, consisting of 22 separate mutual funds sold primarily to individual investors and retirement plans.

About TCW

Founded in 1971, The TCW Group, Inc., develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients’ wealth. The firm has approximately $110 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale. For more information, please refer to www.tcw.com .

For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for a variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

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