For the year MGGdeclared distributions of 1

There will be a lot of tears flowing throughout the rest of baseball.My name is Joseph Jove, and I won't be needing any tissue any time soon. . 23 /PRNewswire-FirstCall/ The board of directors for thegeneral partner of Magellan Midstream Holdings, L.P. (NYSE: MGG) has increasedthe partnership's quarterly cash distribution to 35.9 cents per unit for theperiod Oct 1 through Dec. 31, 2008, representing its twelfth consecutivequarterly distribution increase.The fourth-quarter distribution represents a 17 increase over thefourth-quarter 2007 distribution of 30.7 cents and a 1 increase over thethird-quarter 2008 distribution of 35.4 cents per unit. For the year, MGGdeclared distributions of $1.373 per unit for 2008, or 21 higher thandistributions of $1.1345 related to 2007.The new distribution, which equates to $1.436 per unit on an annualized basis,will be paid Feb. 13, 2009 to unitholders of record at the close of businesson Feb. 6.MGG owns the general partner interest and incentive distribution rights ofMagellan Midstream Partners, L.P (NYSE: MMP).

The partnership currently hasno separate operating activities apart from those conducted by MMP, and itscash flow is derived from cash distributions received from MMP. Related tofourth quarter 2008, MGG will receive distributions of $23.5 million from itsownership interest in MMP, almost all of which is available for distributionto MGG unitholders.This announcement is intended to be a qualified notice under TreasuryRegulation Section 1.1446-4(b), with 100 of the partnership's distributionsto foreign investors attributable to income that is effectively connected witha United States trade or business. Accordingly, MGG's distributions to foreigninvestors are subject to federal income tax withholding at the highesteffective tax rate. About Magellan Midstream Holdings, L.P.Magellan Midstream Holdings, L.P. (NYSE: MMP), whichprimarily transports, stores and distributes refined petroleum products.

Moreinformation is available at http:// of this document may constitute forward-looking statements as definedby federal law. Although management believes any such statements are based onreasonable assumptions, there is no assurance that actual outcomes will not bematerially different. Additional information about issues that could lead tomaterial changes in performance is contained in the partnership's filings withthe Securities and Exchange Commission.Contact:Paula Farrell(918) SOURCEMagellan Midstream Holdings, L.P.Paula Farrell of Magellan Midstream Holdings, L.P., 1-918-574-7650,. The trial for gun-running and treason of Henry Okah, the suspected leader of the Movement for the Emancipation of the Niger Delta (MEND), is being closely followed by armed gangs in the region, home to Africa's biggest oil and gas industry. MEND, whose attacks on oil installations in the delta have cut Nigeria's oil output by around a fifth over the past three years, has said it will hold two British oil workers kidnapped more than four months ago until Okah is freed.