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<SEC-DOCUMENT>0000914851-07-000462.txt : 20071228
<SEC-HEADER>0000914851-07-000462.hdr.sgml : 20071228
<ACCEPTANCE-DATETIME>20071228111038
ACCESSION NUMBER:		0000914851-07-000462
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20071031
FILED AS OF DATE:		20071228
DATE AS OF CHANGE:		20071228
EFFECTIVENESS DATE:		20071228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WESTERN ASSET HIGH INCOME FUND II INC.
		CENTRAL INDEX KEY:			0001058239
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08709
		FILM NUMBER:		071330633

	BUSINESS ADDRESS:	
		STREET 1:		CITIGROUP ASSET MANAGEMENT
		STREET 2:		125 BROAD STREET, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004
		BUSINESS PHONE:		212-291-2556

	MAIL ADDRESS:	
		STREET 1:		CITIGROUP ASSET MANAGEMENT
		STREET 2:		125 BROAD STREET, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SALOMON BROTHERS HIGH INCOME FUND II INC
		DATE OF NAME CHANGE:	19980421

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SALOMON BROTHERS HIGH YIELD BOND FUND IN
		DATE OF NAME CHANGE:	19980319
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>answersbwwinc.fil
<TEXT>
<PAGE>      PAGE  1
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SIGNATURE   KAPREL OZSOLAK
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>2
<FILENAME>item77d-benchmark.txt
<TEXT>
Changes to Investment Performance Benchmarks Announced

NEW YORK  (BUSINESS WIRE)  May 17, 2007

Western Asset Global High Income Fund Inc. (NYSE: EHI);
Western Asset Global Partners Income Fund Inc. (NYSE: GDF);
Western Asset High Income Fund Inc. (NYSE: HIF); Western
Asset High Income Fund II Inc. (NYSE: HIX); Western Asset
High Income Opportunity Fund Inc. (NYSE: HIO); Western
Asset Managed High Income Fund Inc. (NYSE: MHY); Western
Asset Variable Rate Strategic Fund Inc. (NYSE: GFY); and
Western Asset Zenix Income Fund Inc. (NYSE: ZIF) today
announced the following changes to the Funds benchmark
indexes effective June 1, 2007. In the opinion of the
Funds investment sub-advisor, these changes will provide
for broader, more effective benchmark indexes for the Funds
and more accurate reflections of the portfolio strategies
with which the Funds are managed.

Western Asset High Income Opportunity Fund Inc. (NYSE:
HIO), Western Asset Managed High Income Fund Inc. (NYSE:
MHY) and Western Asset Zenix Income Fund Inc. (NYSE: ZIF)
announced a change to the benchmark index of the Funds to
the Lehman Brothers High Yield Issuer 2% Cap Index.
Previously, the Funds benchmark index had been the
Citigroup High Yield Market Index.

Western Asset Global Partners Fund Inc. (NYSE: GDF),
Western Asset High Income Fund Inc. (NYSE: HIF) and Western
Asset High Income Fund II Inc. (NYSE: HIX) announced a
change to the benchmark indexes of the Funds to the Lehman
Brothers High Yield Issuer 2% Cap Index and the JP Morgan
Emerging Markets Bond Index  Global. The previous
benchmarks for Western Asset Global Partners Fund Inc. were
the Citigroup High Yield Market Index and the JP Morgan
Emerging Markets Bond Index  Global. The previous
benchmarks for Western Asset High Income Fund Inc. were the
Citigroup High Yield Market Index and the JP Morgan
Emerging Markets Bond Index Plus (EMBI+). The previous
benchmark for Western Asset High Income Fund II Inc. was
the Citigroup High Yield Market Index.

Western Asset Global High Income Fund Inc. (NYSE: EHI)
announced a change to the benchmark indexes of the Fund to
the Lehman US Aggregate Index, the Lehman Brothers High
Yield 2% Cap Index, and the JP Morgan Emerging Markets Bond
Index  Global. Previously, the Funds benchmark index had
been the Lehman Brothers US Aggregate Index.

Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY)
announced a change to the Funds benchmark index to the
Merrill Lynch Constant Maturity 3-Month LIBOR Index.
Previously, the Funds benchmark index had been the Lehman
Brothers US Aggregate Index.
Each of the Funds is a closed-end investment company,
managed by Legg Mason Partners Fund Advisor, LLC, a wholly
owned subsidiary of Legg Mason, Inc., and sub-advised by
Western Asset Management Company, an affiliate of the
investment manager.
For more information on the Funds, please contact our
Investor Relations Group at 1-888-777-0102 or consult the
Funds' web site at www.leggmason.com.

Symbols:  NYSE: EHI; GDF; GFY; HIF; HIO; HIX; MHY; ZIF

Contact:
Legg Mason & Co., LLC
Brenda Grandell
Director, Closed-End Funds
212-291-3775
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>item77c.txt
<TEXT>
Additional Shareholder Information (unaudited)

Results of Annual Meeting of Shareholders

The Fund held its Annual Meeting of Stockholders on August
2, 2007, for the purpose of voting upon the election of
Carol L. Colman, William R. Hutchinson and R. Jay Gerken as
Class III Directors of the Fund, to serve until 2010 Annual
Meeting of Stockholders.  The following table provides
information concerning the matter voted upon at the
meeting.

Election of Directors

Nominees

Class III to serve until the year 2010   Votes  For Votes Withheld

Carol L. Colman			   	  66,200,657	1,163,398
William R. Hutchinson	                  66,286,517	1,077,538
R. Jay Gerken			       	  66,295,751	1,068,304

At October 31, 2007, in addition to Carol L. Colman,
William R. Hutchinson and R. Jay Gerken, the other
Directors of the Fund were as follow:

Daniel P. Cronin
Paolo M. Cucchi
Leslie H. Gelb
Dr. Riordan Roett
Jeswald W. Salacuse


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>4
<FILENAME>item77d1.txt
<TEXT>

Amendment of Non-Fundamental Investment Policies

Resolutions for ESD
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated between Baa2 and B3 by
Moody?s or between BBB and B- by
S&P.
and (b) creates the following new investment
policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated B3 or above by Moody?s or B-
or above by S&P or equivalent
rating by any nationally
recognized statistical rating
organization.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
Debt securities of emerging market
issuers of the type in which the
Fund will invest at least 80% of
its Managed Assets are generally
considered to have a credit
quality rated below investment
grade by internationally
recognized credit rating
organizations such as Moody?s and
S&P.
		and (b) creates the following new
investment policy:
	The Fund will invest at least 80%
of its Managed Assets in debt
securities of issuers in emerging
market countries.

Resolutions for EFL
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
Under normal market conditions,
the Fund will invest at least 65%
of its total assets in debt
securities of emerging market
sovereign issuers.  In addition,
up to 35% of the Fund?s total
assets may be invested in debt
securities of emerging market
corporate issuers and high yield
debt securities of U.S. corporate
issuers.
and (b) creates the following new investment
policy:
The Fund may also invest up to 20%
of its total assets in a broad
range of other U.S. and non-U.S.
fixed income securities,
including, but not limited to:
corporate bonds, loans, mortgage-
and asset-backed securities,
preferred stock and sovereign
debt, derivative instruments of
the foregoing securities and
dollar rolls.  Such securities may
be rated high yield (i.e., rated
below investment grade by any
nationally recognized statistical
rating organization or, if
unrated, of equivalent quality as
determined by the manager).  Under
normal circumstances, the Fund
will invest in securities of
issuers located in at least four
countries.
RESOLVED:	That to be effective September 15, 2007 the Fund
hereby removes the following current investment
policy:
The debt securities in which the
Fund will invest will be rated, at
the time of investment, in the
categories ?Ba? or ?B? by Moody?s
or ?BB? or ?B? by S&P or, if not
rated by Moody?s or S&P, will be
of comparable quality as
determined by the Investment
Adviser.

Resolutions for EMD
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may also invest up to 20%
of its total assets in a broad
range of other U.S. and non-U.S.
fixed income securities,
including, but not limited to:
corporate bonds, loans, mortgage-
and asset-backed securities,
preferred stock and sovereign
debt, derivative instruments of
the foregoing securities and
dollar rolls.  Such securities may
be rated high yield (i.e., rated
below investment grade by a
nationally recognized statistical
rating organization or, if
unrated, of equivalent quality as
determined by the manager).
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund is subject to no
restrictions on the maturities of
the emerging market country debt
securities it holds; those
maturities may range from
overnight to 30 years.
and (b) creates the following new investment
policy:
The Fund is subject to no
restrictions on the maturities of
the emerging market country debt
securities it holds.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
Emerging market country debt
securities of the type in which
the Fund will invest substantially
all of its assets are generally
considered to have a credit
quality rated below investment
grade by internationally
recognized credit rating
organizations such as Moody?s and
S&P.

Resolutions for EDF
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund shall invest a minimum of
80% of its total assets in debt
securities of government and
government-related issuers located
in emerging market countries
(including participations in loans
between governments and financial
institutions), and of entities
organized to restructure
outstanding debt of such issuers.
and (b) creates the following new investment
policy:
The Fund shall invest a minimum of
80% of its total assets in debt
securities of government and
government related issuers located
in emerging market countries, of
entities organized to restructure
outstanding debt of such issuers
would remain, and debt of
corporate issuers in emerging
market countries.
The Fund may also invest up to 20%
of its total assets in a broad
range of other U.S. and non-U.S.
fixed income securities,
including, but not limited to:
corporate bonds, loans, mortgage-
and asset-backed securities,
preferred stock and sovereign
debt, derivative instruments of
the foregoing securities and
dollar rolls.  Such securities may
be rated high yield (i.e., rated
below investment grade by a
nationally recognized statistical
rating organization or, if
unrated, of equivalent quality as
determined by the manager).
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
The Fund shall not invest more
than 35% of its total assets in
emerging market corporate debt
issuers.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund is subject to no
restrictions on the maturities of
the emerging market country debt
securities it holds; those
maturities may range from
overnight to 30 years.
and (b) creates the following new investment
policy:
The Fund is subject to no
restrictions on the maturities of
the emerging market country debt
securities it holds.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
The Fund?s investments in emerging
market country debt securities may
generally be considered to have
credit quality below investment
grade as determined by
internationally recognized credit
rating agency organizations, such
as Moody?s Investors  Service,
Inc., (?Moody?s?) and Standard &
Poor?s Corporation (?S&P?).

Resolutions for EHI
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated at least Ba3 to A2 by
Moody?s or BB- to A by S&P.
and (b) creates the following new investment
policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated at least B3 by Moody?s or B-
by S&P or equivalent rating from
any nationally recognized
statistical rating organization.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated at least Ba3 to A2 by
Moody?s or BB to A by S&P. The
Fund may, however, invest up to
80% of its Managed Assets in below
investment grade fixed income
securities.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
There may be times during which,
in the judgment of Western Asset
Management Company, conditions in
the securities markets would make
pursuing the Fund?s basic
investment strategy inconsistent
with the best interest of the
Fund?s shareholders.  At such
times, and as a temporary
defensive strategy, Western Asset
Management Company may employ
alternative strategies, including
investment of all of the Fund?s
assets in securities rated
investment grade by any nationally
recognized statistical rating
organization, or in unrated
securities of comparable quality.

Resolutions for GDF
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The debt securities in which the
Fund invests  generally will be
rated,  at the time of investment,
in the categories ?Ba? or ?B? by
Moody?s or ?BB? or ?B? by S&P or,
if not rated by Moody?s or S&P,
will be of  comparable  quality as
determined by the Investment
Adviser.
and (b) creates the following new investment
policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated at least B3 by Moody?s or B-
by S&P or equivalent rating by any
nationally recognized statistical
rating organization.

Resolutions for HIF
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls, asset-backed securities and
mortgaged-backed securities.

Resolutions for HIX
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls, asset-backed securities and
mortgaged-backed securities.

Resolutions for HIO
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
The fund may not purchase
additional fixed income securities
rated by more than one rating
agency lower than B if more than
10% of assets are invested in such
securities.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
Notwithstanding the foregoing, the
fund may invest any amount of
assets in investment grade
securities when the difference in
yields between those securities
and lower-rated securities is
relatively narrow. In addition,
the fund may invest in investment
grade securities for temporary
defensive purposes. Investments in
investment grade securities may
serve to lessen a decline in net
asset value but may also affect
the amount of current income
produced by the fund, since the
yields from such securities are
usually lower than those from
lower-rated securities. The fund
may also invest without limitation
in money market instruments,
including commercial paper of
domestic and foreign corporations,
certificates of deposit, bankers'
acceptances and other obligations
of banks, repurchase agreements
and short-term obligations issued
or guaranteed by the United States
government or its agencies. The
yield on these securities will
generally be lower than the yield
on other securities purchased by
the fund.
and (b) creates the following new investment
policy:
There may be times during which,
in the judgment of Western Asset
Management Company, conditions in
the securities markets would make
pursuing the Fund?s basic
investment strategy inconsistent
with the best interest of the
Fund?s shareholders.  At such
times, and as a temporary
defensive strategy, Western Asset
Management Company may employ
alternative strategies, including
investment of all of the Fund?s
assets in securities rated
investment grade by any nationally
recognized statistical rating
organization, or in unrated
securities of comparable quality.

Resolutions for IMF
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes its current definition of
?emerging market country? as:
As used in this prospectus, an
?emerging market? country is any
country considered to be an
emerging market country by the
World Bank at the time of
investment. These countries
generally include every nation in
the world except the United
States, Canada, Japan, Australia,
New Zealand and most countries
located in Western Europe.
and (b) adopts the following definition of
?emerging market country? as:
any country which is, at the time
of the Fund?s investment,
represented in the JPMorgan
Emerging Markets Bond Index Global
or categorized by the
International Bank for
Reconstruction and Development
(?World Bank?), in its annual
categorization, as middle or low-
income.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The average portfolio duration of
the Fund will normally be within
one to eight years, including the
effects of leverage which may
change from time to time, based on
the Investment Manager?s forecast
for interest rates.
and (b) creates the following new investment
policy:
Although the Fund may invest in
fixed income securities of any
maturity, the average modified
duration of the Fund is expected
to range within three years of
that of the Fund?s stated
benchmark.

Resolutions for MHY
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls and mortgaged-backed
securities.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
The portfolio may invest up to 20%
of its assets in securities rated
lower than B by a rating agency.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
When SSB Citi believes that
economic circumstances warrant a
temporary defensive posture, the
portfolio may invest without
limitation in short-term money
market instruments rated in the
two highest ratings categories by
an NRSRO, or, if unrated, of
comparable quality in the opinion
of SSB Citi. The portfolio may
also invest in money market
instruments to help defray
operating expenses, to serve as
collateral in connection with
certain investment techniques and
to hold as a reserve pending the
payment of dividends to investors.
Money market instruments in which
the portfolio typically expects to
invest include: U.S. government
securities; bank obligations
(including certificates of
deposit, time deposits and
bankers' acceptances of U.S. or
foreign banks); commercial paper;
and repurchase agreements. To the
extent the portfolio invests in
short-term money market
instruments, it may not be
pursuing its investment
objectives.
and (b) creates the following new investment
policy:
There may be times during which,
in the judgment of Western Asset
Management Company, conditions in
the securities markets would make
pursuing the Fund?s basic
investment strategy inconsistent
with the best interest of the
Fund?s shareholders.  At such
times, and as a temporary
defensive strategy, Western Asset
Management Company may employ
alternative strategies, including
investment of all of the Fund?s
assets in securities rated
investment grade by any nationally
recognized statistical rating
organization, or in unrated
securities of comparable quality.

Resolutions for SBW
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The Fund will not invest in
mortgage-backed securities.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby (a) removes the following current
investment policy:
The debt securities in which the
Fund will invest generally will be
rated, at the time of investment,
in the categories ?Ba? or ?B? by
Moody?s or ?BB? or ?B? by S&P or,
if not rated by Moody?s or S&P,
will be of comparable quality as
determined by the Adviser.
and (b) creates the following new investment
policy:
The Fund usually will attempt to
maintain a portfolio with a
weighted average credit quality
rated at least B3 by Moody?s or B-
by S&P or equivalent rating by any
nationally recognized statistical
rating organization.

Resolutions for ZIF
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
The Fund may invest in dollar
rolls.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
These securities are commonly
known as ?junk bonds? because they
are rated in the lower categories
by nationally recognized rating
agencies (consisting of fixed-
income securities rated BB to as
low as C by Standard & Poor?s
Rating Group, or S&P, or Ba to as
low as C by Moody?s Investors
Services, Inc., or Moody?s).
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby removes the following current investment
policy:
?High yield? fixed-income
securities, the generic name for
corporate bonds rated between BB
and C by S&P and between Ba and C
by Moody?s, are frequently issued
by corporations in the growth
stages of their development, as a
result of corporate
reorganizations or as part of
corporate takeovers.
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
?High yield? fixed-income
securities (commonly known as
?junk bonds?) are rated as below
investment grade (i.e., if it is
not rated Baa/BBB or above by at
least one nationally recognized
statistical rating organization,
or, if unrated, determined by
Western Asset Management Company
to be of comparable quality).
RESOLVED:	That to be effective September 15, 2007, the Fund
hereby creates the following new investment
policy:
There may be times during which,
in the judgment of Western Asset
Management Company, conditions in
the securities markets would make
pursuing the Fund?s basic
investment strategy inconsistent
with the best interest of the
Fund?s shareholders.  At such
times, and as a temporary
defensive strategy, Western Asset
Management Company may employ
alternative strategies, including
investment of all of the Fund?s
assets in securities rated
investment grade by any nationally
recognized statistical rating
organization, or in unrated
securities of comparable quality.

	B-16

APPENDIX B
	B-1
082221-0249-10971-NY01.2666346.5		12/26/2007 12:30 PM
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>5
<FILENAME>item77d.txt
<TEXT>
Changes to Investment Policies Relating to Investments in
Non-U.S. Dollar Denominated Securities Announced
NEW YORK  (BUSINESS WIRE)  May 23, 2007
Western Asset Emerging Markets Floating Rate Fund Inc.
(NYSE: EFL), Western Asset Global Partners Income Fund Inc.
(NYSE: GDF), Western Asset High Income Fund Inc. (NYSE:HIF)
and Western Asset Worldwide Income Fund Inc. (NYSE: SBW)
today announced changes, to be effective as of June 1,
2007, to their non-fundamental investment policies relating
to the ability to invest in non-U.S. dollar denominated
debt.
Under the Funds amended investment policies approved by
the Boards of Directors, each Fund may invest up to 50% of
its total assets in non-U.S. dollar-denominated securities.
Previously, SBW had been limited to a maximum of 15% of its
assets in non-U.S. dollar-denominated securities, and EFL,
GDF and HIF could not invest in them at all.
The management of each Fund recommended to the respective
Fund's Board the revised investment policies.  On May 17,
2007, the Boards of the Funds approved this change in order
to provide Legg Mason Partners Fund Advisor, LLC, the
Funds investment manager, and Western Asset Management
Company, the Funds subadviser (Western Asset), greater
flexibility in making investment decisions, consistent with
the Funds investment objectives, after considering the
best interests of the Funds shareholders based upon
managements advice that the additional ability to invest
in non-U.S. dollar-denominated securities presents an
opportunity for investors and is an important risk
management tool to guard against a U.S. dollar that has
declined and may continue to do so in the future.
Investing in non-U.S. dollar-denominated securities
involves risks, including the risk that the Fund may be
limited in its ability to hedge the value of its non-U.S.
dollar-denominated investments against currency
fluctuations. As a result, a decline in the value of
currencies against the U.S. dollar will result in a
corresponding decline in the U.S. dollar value of the
Fund?s assets. These declines will, in turn, affect the
Fund?s income and net asset value.
The risks of investing in non-U.S. dollar-denominated
securities may be heightened to the extent a Fund invests
in securities denominated in the local currencies of
emerging markets countries.  The values of the currencies
of emerging markets countries may be subject to a high
degree of fluctuation due to changes in interest rates, the
effects of monetary policies issued by the United States,
foreign governments, central banks or supranational
entities, the imposition of currency controls or other
national or global political or economic developments.
Accordingly, a Fund?s exposure to the local currencies of
emerging markets countries may result in reduced returns to
the Fund.
Each Fund will compute and expects to distribute its income
in U.S. dollars, and the computation of income is made on
the date that the income is earned by the Fund at the
foreign exchange rate in effect on that date.  If the value
of the non-U.S. currencies in which a Fund receives its
income falls relative to the U.S. dollar between the
earning of the income and the time at which the Fund
converts the foreign currencies to U.S. dollars, the Fund
may be required to liquidate securities in order to make
distributions if the Fund has insufficient cash in U.S.
dollars to meet distribution requirements.  The liquidation
of investments, if required, may have an adverse impact on
a Funds performance.
To the extent a Fund invests in non-U.S. dollar-denominated
securities, changes in currency exchange rates will affect
the value of securities in the Fund?s portfolio and the
unrealized appreciation or depreciation of investments.  In
addition to changes in the value of a Funds portfolio
investments resulting from currency fluctuations, the Fund
may incur costs in connection with conversions between
various currencies.  Foreign exchange dealers realize a
profit based on the difference between the prices at which
they are buying and selling various currencies.  Thus, a
dealer normally will offer to sell a foreign currency to a
Fund at one rate, while offering a lesser rate of exchange
should the Fund desire immediately to resell that currency
to the dealer.  Each Fund will conduct its foreign currency
exchange transactions either on a spot (i.e., cash) basis
at the spot rate prevailing in the foreign currency
exchange market, or through entering into forward, futures
or options contracts to purchase or sell foreign
currencies.
Currency exchange rates may be negatively impacted by rates
of inflation, interest rate levels, balance of payments and
governmental surpluses or deficits in the emerging markets
countries in which a Fund invests.  Foreign governments may
engage in certain techniques to control the value of their
local currencies.  Such techniques may include central bank
intervention, imposition of regulatory controls or the
imposition of taxes that may impact the exchange rates of
the local currencies in which the debt securities are
denominated.  Emerging markets countries may also issue a
new currency to replace an existing currency or may devalue
their currencies.  The liquidity and market values of a
Fund?s investments in non-U.S. dollar denominated
securities may be impacted by the actions of the
governments of the countries in which the Fund invests.
Each Fund may, from time to time, seek to protect the value
of some portion or all of its portfolio holdings against
currency risks by engaging in currency hedging
transactions.  Such transactions may include entering into
forward currency exchange contracts, currency futures
contracts and options on such futures contracts, as well as
purchasing put or call options on currencies, in U.S. or
foreign markets.  Currency hedging involves special risks,
including possible default by the other party to the
transaction, illiquidity and, to the extent Western Assets
view as to certain market movements is incorrect, the risk
that the use of hedging could result in losses greater than
if they had not been used.  In addition, in certain
countries in which the Funds may invest, currency hedging
opportunities may not be available.
Each of the Funds is a closed-end investment company
managed by Legg Mason Partners Fund Advisor, LLC, a wholly
owned subsidiary of Legg Mason, Inc., and sub-advised by
Western Asset Management Company, an affiliate of the
investment manager.
For more information on the Funds, please contact our
Investor Relations Group at 1-888-777-0102 or consult the
Funds' web site at www.leggmason.com/InvestorServices.
Symbols:  NYSE: EFL, GDF, HIF and SBW

Contact:
Legg Mason & Co., LLC
Brenda Grandell
Director, Closed-End Funds
212-291-3775


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>6
<FILENAME>item77q1-custagmt.txt
<TEXT>
April 9, 2007
State Street Bank and Trust Company
One Lincoln Street
Boston, Massachusetts  02111

Re:	Custodian Services Agreement

Ladies and Gentlemen:
      Reference is made to the Custodian Services Agreement,
dated as of January 1, 2007 (as amended to date, the
"Agreement"), by and among State Street Bank and Trust
Company, a Massachusetts trust company, and each management
investment company identified as an "Existing Fund" on
Schedule I hereto (each, a "Fund" and, collectively, the
"Funds") on behalf of each of its series, if any,
identified as "Existing Portfolio" on Schedule I hereto
(each, a "Portfolio" and, collectively, the "Portfolios")
and certain other affiliated management investment
companies.
      In connection with a restructuring of the complex of
which the Funds are a part, as of the close of business on
April 13, 2007 or April 27, 2007, as indicated on Schedule
I hereto (each, a "Closing Date"), many of the Funds and
Portfolios will be reorganized as set forth on Schedule I
hereto.  Additionally, as indicated on Schedule I, several
Funds and Portfolios have recently ceased or shall cease
operations following fund combinations (or otherwise) on
the date indicated on Schedule I hereto (each, a
"Termination Date").
      On each applicable Closing Date, (i) each management
company identified as a "Successor Fund" shall become a
"Fund" party to the Agreement on behalf of each of its
series identified on Schedule I as a "Successor Portfolio"
and shall assume all of the rights and obligations under
the Agreement of the corresponding Existing Fund with
respect to each applicable Existing Portfolio (or, if such
Existing Fund has no Existing Portfolios, with respect to
the Existing Fund itself), (ii) each such Successor
Portfolio shall be deemed a "Portfolio" within the meaning
of the Agreement, and (iii) the corresponding Existing
Portfolio shall cease be deemed to be a "Portfolio" under
the Agreement.  As of each applicable Termination Date,
each Existing Portfolio indicated on Schedule I hereto as
terminating operations shall cease to be deemed a
"Portfolio" under the Agreement.
      As of the date on which an Existing Fund has no
further rights or obligations under the Agreement, by
virtue of (i) all of the rights and obligations of its
Existing Portfolios (or, if such Existing Fund has no
Existing Portfolios, the Existing Fund itself) having been
assumed by one or more Successor Funds and/or (ii) its
Existing Portfolios (or, if such Existing Fund has no
Existing Portfolios, the Existing Fund itself) having
ceased operations in connection with a fund combination,
such Existing Fund shall cease to be a party to the
Agreement and shall have no rights or obligations
thereunder.
      Additionally, attached as Exhibit A hereto is a
replacement of "Exhibit A" to the Agreement, effective as
of the close of business on April 27, 2007.
      Except to the extent expressly set forth herein, this
letter shall not be deemed to otherwise amend or modify any
term of the Agreement.
      Please sign below to evidence your consent and
agreement to the above.

EACH MANAGEMENT INVESTMENT COMPANY
IDENTIFIED ON SCHEDULE I HERETO AS
A "EXISTING FUND"
OR A "SUCCESSOR FUND"
By:
Name:
Title:

Consented and Agreed to:

STATE STREET BANK AND TRUST COMPANY
By:
Name:		Joseph L. Hooley
Title:		Executive Vice President



Schedule I

FUNDS AND PORTFOLIOS
INVOLVED IN RESTRUCTURINGS
OR FUND COMBINATIONS

Existing Fund
Existing Portfolio
Restructur
ing, Fund
Combinatio
n or Other
Cessation
of
Operations
Successor Fund
Successor Portfolio
Closing
Date or
Termination
Date

(as
applicable)






Legg Mason Partners
Adjustable Rate Income
Fund (f/k/a SB
Adjustable Rate Income
Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Adjustable Rate
Income Fund
4/13/07
Legg Mason Partners
Aggressive Growth
Fund, Inc. (f/k/a
Smith Barney
Aggressive Growth Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Aggressive Growth
Fund
4/13/07
Legg Mason Partners
Lifestyle Series, Inc.
(f/k/a Smith Barney
Allocation Series
Inc.)
Legg Mason Partners
Lifestyle Allocation
50% (f/k/a Balanced
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
50%
4/13/07

Legg Mason Partners
Lifestyle Allocation
30% (f/k/a Conservative
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
30%
4/13/07

Legg Mason Partners
Lifestyle Allocation
70% (f/k/a Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
70%
4/13/07

Legg Mason Partners
Lifestyle Allocation
85% (f/k/a High Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
85%
4/13/07

Legg Mason Partners
Lifestyle Allocation
100%
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
100%
4/13/07

Legg Mason Partners
Lifestyle Income Fund
(f/k/a Income
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Income Fund
4/13/07

Legg Mason Partners
Variable Lifestyle
Allocation 50% (f/k/a
Select Balanced
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 50%
4/27/07

Legg Mason Partners
Variable Lifestyle
Allocation 70% (f/k/a
Select Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 70%
4/27/07

Legg Mason Partners
Variable Lifestyle
Allocation 85% (f/k/a
Select High Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 85%
4/27/07
Legg Mason Partners
Appreciation Fund,
Inc. (f/k/a Smith
Barney Appreciation
Fund Inc.)

n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Appreciation Fund
4/13/07
Legg Mason Partners
Arizona Municipals
Fund, Inc. (f/k/a
Smith Barney Arizona
Municipals Fund Inc.)
n/a
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07
Legg Mason Partners
California Municipals
Fund, Inc. (f/k/a
Smith Barney
California Municipals
Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
California Municipals
Fund
4/13/07
Legg Mason Partners
Equity Funds (f/k/a
Smith Barney Equity
Funds)
Legg Mason Partners
Social Awareness Fund
(f/k/a Smith Barney
Social Awareness Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Social Awareness Fund
4/13/07
Legg Mason Partners
Fundamental Value
Fund, Inc. (f/k/a
Smith Barney
Fundamental Value Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Fundamental Value
Fund
4/13/07
Legg Mason Partners
Funds, Inc. (f/k/a
Smith Barney Funds,
Inc.)
Legg Mason Partners
Large Cap Value Fund
(f/k/a Smith Barney
Large Cap Value Fund)
Combination

(acquired by
Legg Mason
Partners
Investors
Value Fund)
n/a
n/a
3/2/07

Legg Mason Partners
U.S. Government
Securities Fund (f/k/a
Smith Barney U.S.
Government Securities
Fund)
Combination

(acquired by
Legg Mason
Partners
Government
Securities
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Short-Term Investment
Grade Bond Fund (f/k/a
Smith Barney Short-Term
Investment Grade Bond
Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short-Term Investment
Grade Bond Fund
4/13/07
Legg Mason Partners
Income Funds (f/k/a
Smith Barney Income
Funds)
Legg Mason Partners
Convertible Fund (f/k/a
SB Convertible Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Convertible Fund
4/13/07

Legg Mason Partners
Diversified Strategic
Income Fund (f/k/a
Smith Barney
Diversified Strategic
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Diversified Strategic
Income Fund
4/13/07

Legg Mason Partners
Exchange Reserve Fund
(f/k/a Smith Barney
Exchange Reserve Fund)
Combination

(acquired by
Smith Barney
Money Funds-
Cash
Portfolio)
n/a
n/a
3/16/07

Legg Mason Partners
High Income Fund (f/k/a
Smith Barney High
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
High Income Fund
4/13/07

Legg Mason Partners
Municipal High Income
Fund (f/k/a Smith
Barney Municipal High
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Municipal High Income
Fund
4/13/07

Legg Mason Partners
Capital and Income Fund
(f/k/a SB Capital and
Income Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Capital and Income
Fund
4/13/07

Legg Mason Partners
Core Bond Fund (f/k/a
Smith Barney Total
Return Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Core Bond Fund
4/13/07
Smith Barney
Institutional Cash
Management Fund Inc.
Cash Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional Money
Market Fund
4/13/07

Government Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional
Government Money
Market Fund
4/13/07

Municipal Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional
Municipal Money
Market Fund
4/13/07
Legg Mason Partners
Investment Funds, Inc.
(f/k/a Smith Barney
Investment Funds Inc.)
Legg Mason Partners
Investment Grade Bond
Fund (f/k/a Smith
Barney Investment Grade
Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Investment Grade Bond
Fund
4/13/07

Legg Mason Partners
Multiple Discipline
Funds Large Cap Growth
and Value (f/k/a Smith
Barney Multiple
Discipline Funds-Large
Cap Growth and Value
Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Multiple Discipline
Funds All Cap Growth
and Value (f/k/a Smith
Barney Multiple
Discipline Funds-All
Cap Growth and Value
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
All Cap Fund

4/13/07

Legg Mason Partners
Multiple Discipline
Funds Global All Cap
Growth and Value (f/k/a
Smith Barney Multiple
Discipline Funds-Global
All Cap Growth and
Value Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Multiple Discipline
Funds All Cap and
International (f/k/a
Smith Barney Multiple
Discipline Funds-All
Cap and International
Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Government Securities
Fund (f/k/a Smith
Barney Government
Securities Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Government Securities
Fund
4/13/07

Legg Mason Partners
Small Cap Growth Fund
(f/k/a Smith Barney
Small Cap Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Small Cap
Growth Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Small Cap Value Fund
(f/k/a Smith Barney
Small Cap Value Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Value Fund

4/13/07
Legg Mason Partners
Investment Series
(f/k/a Smith Barney
Investment Series)
Legg Mason Partners
Dividend Strategy Fund
(f/k/a Smith Barney
Dividend Strategy Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Dividend Strategy
Fund
4/13/07

Legg Mason Partners
Growth and Income Fund
(f/k/a SB Growth and
Income Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Premier Selections All
Cap Growth Portfolio
(f/k/a Smith Barney
Premier Selections All
Cap Growth Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Aggressive
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Growth and
Income Portfolio (f/k/a
Smith Barney Growth and
Income Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Appreciation
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Government
Portfolio (f/k/a SB
Government Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Government
Portfolio
4/27/07

Legg Mason Partners
Variable Dividend
Strategy Portfolio
(f/k/a Smith Barney
Dividend Strategy
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Dividend
Strategy Portfolio
4/27/07
Legg Mason Partners
Investment Trust
(f/k/a Smith Barney
Investment Trust)
Legg Mason Partners
Intermediate Maturity
California Municipals
Fund (f/k/a Smith
Barney Intermediate
Maturity California
Municipals Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate Maturity
California Municipals
Fund
4/13/07

Legg Mason Partners
Intermediate Maturity
New York Municipals
Fund (f/k/a Smith
Barney Intermediate
Maturity New York
Municipals Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate Maturity
New York Municipals
Fund
4/13/07

Legg Mason Partners
Large Cap Growth Fund
(f/k/a Smith Barney
Large Capitalization
Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Large Cap Growth Fund
4/13/07

Legg Mason Partners S&P
500 Index Fund (f/k/a
Smith Barney S&P 500
Index Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
S&P 500 Index Fund
4/13/07

Legg Mason Partners Mid
Cap Core Fund (f/k/a
Smith Barney Mid Cap
Core Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Mid Cap Core Fund
4/13/07

Legg Mason Partners
Classic Values Fund
(f/k/a Smith Barney
Classic Values Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Classic Values Fund
4/13/07
Legg Mason Partners
Core Plus Bond Fund,
Inc. (f/k/a Smith
Barney Core Plus Bond
Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Core Plus Bond Fund
4/13/07
Legg Mason Partners
Managed Municipals
Fund, Inc. (f/k/a
Smith Barney Managed
Municipals Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Managed Municipals
Fund
4/13/07
Legg Mason Partners
Massachusetts
Municipals Fund (f/k/a
Smith Barney
Massachusetts
Municipals Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Massachusetts
Municipals Fund
4/13/07
Smith Barney Money
Funds, Inc.
Cash Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset Money
Market Fund
4/13/07

Government Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Government Money
Market Fund
4/13/07
Legg Mason Partners
Variable Portfolios IV
(f/k/a Smith Barney
Multiple Discipline
Trust)
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
All Cap Growth and
Value (f/k/a Multiple
Discipline Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
All Cap Growth and
Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Large Cap Growth and
Value (f/k/a Multiple
Discipline Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Large Cap Growth and
Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Global All Cap Growth
and Value (f/k/a
Multiple Discipline
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Global All Cap Growth
and Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Balanced All Cap Growth
and Value (f/k/a
Multiple Discipline
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Capital and
Income Portfolio
4/27/07
Smith Barney Municipal
Money Market Fund,
Inc.
n/a
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Municipal Money
Market Fund
4/13/07
Legg Mason Partners
Municipal Funds (f/k/a
Smith Barney Muni
Funds)
California Money Market
Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
California Municipal
Money Market Fund
4/13/07

Legg Mason Partners
Florida Municipals Fund
(f/k/a Florida
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Georgia Municipals Fund
(f/k/a Georgia
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Intermediate-Term
Municipals Fund (f/k/a
Limited Term Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate-Term
Municipals Fund
4/13/07

Legg Mason Partners
National Municipals
Fund (f/k/a National
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Massachusetts Money
Market Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Massachusetts
Municipal Money
Market Fund
4/13/07

New York Money Market
Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset New
York Municipal Money
Market Fund
4/13/07

Legg Mason Partners New
York Municipals Fund
(f/k/a New York
Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
New York Municipals
Fund
4/13/07

Legg Mason Partners
Pennsylvania Municipals
Fund (f/k/a
Pennsylvania Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Pennsylvania
Municipals Fund
4/13/07
Legg Mason Partners
New Jersey Municipals
Fund, Inc. (f/k/a
Smith Barney New
Jersey Municipals Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
New Jersey Municipals
Fund
4/13/07
Legg Mason Partners
Oregon Municipals Fund
(f/k/a Smith Barney
Oregon Municipals
Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Oregon Municipals
Fund
4/13/07
Legg Mason Partners
Sector Series, Inc.
(f/k/a Smith Barney
Sector Series Inc.)
Legg Mason Partners
Financial Services Fund
(f/k/a Smith Barney
Financial Services
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Financial Services
Fund
4/13/07

Legg Mason Partners
Technology Fund (f/k/a
Smith Barney Technology
Fund)
Combination

(acquired by
Legg Mason
Partners
Large Cap
Growth Fund)
n/a
n/a
2/2/07
Legg Mason Partners
Small Cap Core Fund,
Inc. (f/k/a Smith
Barney Small Cap Core
Fund, Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Core Fund
4/13/07
Legg Mason Partners
World Funds, Inc.
(f/k/a Smith Barney
World Funds)
Legg Mason Partners
Inflation Management
Fund (f/k/a Smith
Barney Inflation
Management Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Inflation Management
Fund
4/13/07

Legg Mason Partners
International All Cap
Opportunity Fund (f/k/a
International All Cap
Growth Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
International All Cap
Opportunity Fund
4/13/07
Legg Mason Partners
Variable Portfolios II
(f/k/a Greenwich
Street Series Fund)
Legg Mason Partners
Variable Appreciation
Portfolio (f/k/a
Appreciation Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Appreciation
Portfolio
4/27/07

Legg Mason Partners
Variable Capital and
Income Portfolio (f/k/a
Capital and Income
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Multiple
Discipline
Portfolio-
Balanced All
Cap Growth
and Value)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Diversified
Strategic Income
Portfolio (f/k/a
Diversified Strategic
Income Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Diversified
Strategic Income
Portfolio
4/27/07

Legg Mason Partners
Variable Aggressive
Growth Portfolio (f/k/a
Salomon Brothers
Variable Aggressive
Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Aggressive
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Equity Index
Portfolio (f/k/a Equity
Index Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Equity Index
Portfolio
4/27/07

Legg Mason Partners
Variable Growth and
Income Portfolio (f/k/a
Salomon Brothers
Variable Growth &
Income Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Appreciation
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Fundamental
Value Portfolio (f/k/a
Fundamental Value
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Fundamental
Value Portfolio
4/27/07
Legg Mason Partners
Variable Portfolios
III, Inc. (f/k/a
Travelers Series Fund
Inc. )

Legg Mason Partners
Variable Aggressive
Growth Portfolio (f/k/a
Smith Barney Aggressive
Growth Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Aggressive
Growth Portfolio
4/27/07

Legg Mason Partners
Variable High Income
Portfolio (f/k/a Smith
Barney High Income
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable High Income
Portfolio
4/27/07

Legg Mason Partners
Variable International
All Cap Growth
Portfolio (f/k/a Smith
Barney International
All Cap Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable
International All Cap
Opportunity Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Growth Portfolio (f/k/a
Smith Barney Large
Capitalization Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Large Cap
Growth Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Value Portfolio (f/k/a
Smith Barney Large Cap
Value Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Investors
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Mid Cap Core
Portfolio (f/k/a Smith
Barney Mid Cap Core
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Mid Cap Core
Portfolio
4/27/07

Legg Mason Partners
Variable Money Market
Portfolio (f/k/a Smith
Barney Money Market
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Money Market
Portfolio
4/27/07

Legg Mason Partners
Variable Social
Awareness Stock
Portfolio (f/k/a Social
Awareness Stock
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Social
Awareness Portfolio
4/27/07

Legg Mason Partners
Variable Adjustable
Rate Income Portfolio
(f/k/a SB Adjustable
Rate Income Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Adjustable
Rate Income Portfolio
4/27/07
Legg Mason Partners
Equity Fund, Inc.
(f/k/a The Salomon
Brothers Fund Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Equity Fund
4/13/07
Legg Mason Partners
Investors Value Fund,
Inc. (f/k/a Salomon
Brothers Investors
Value Fund Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Investors Value Fund
4/13/07
Legg Mason Partners
Capital Fund, Inc.
(f/k/a Salomon
Brothers Capital Fund
Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Capital Fund
4/13/07
Legg Mason Partners
Series Funds, Inc.
(f/k/a Salomon
Brothers Series Funds
Inc.)
Legg Mason Partners
Balanced Fund (f/k/a
Salomon Brothers
Balanced Fund)
Combination

(acquired by
Legg Mason
Partners
Capital and
Income Fund)
n/a
n/a
3/16/07

Legg Mason Partners
Global High Yield Bond
Fund (f/k/a Salomon
Brothers High Yield
Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Global High Yield
Bond Fund
4/13/07

Legg Mason Partners
New York Municipal
Money Market Fund
(f/k/a Salomon
Brothers NY Municipal
Money Mkt Fund)
Combinatio
n

(acquired
by Legg
Mason
Partners
Municipal
Funds -
New York
Money
Market
Portfolio)
n/a
n/a
3/2/07

Legg Mason Partners
Small Cap Growth Fund I
(f/k/a Salomon Brothers
Small Cap Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Growth Fund
4/13/07

Legg Mason Partners
Strategic Bond Fund
(f/k/a Salomon Brothers
Strategic Bond Fund)
Combination

(acquired by
Legg Mason
Partners
Diversified
Strategic
Income Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Short/Intermediate U.S.
Government Fund (f/k/a
Salomon Brothers
Short/Intermediate US
Government Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short/Intermediate
U.S. Government Fund
4/13/07
Western Asset Funds
II, Inc. (f/k/a
Salomon Brothers
Institutional Series
Funds Inc.)

Western Asset Global
High Yield Bond
Portfolio (f/k/a
Salomon Brothers
Institutional High
Yield Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Western Asset Global
High Yield Bond
Portfolio
4/13/07

Western Asset Emerging
Market Debt Portfolio
(f/k/a Salomon Brothers
Institutional Emerging
Markets Debt Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Western Asset
Emerging Markets Debt
Portfolio
4/13/07
Legg Mason Partners
Variable Portfolios I,
Inc. (f/k/a Salomon
Brothers Variable
Series Funds Inc.)

Legg Mason Partners
Variable All Cap
Portfolio (f/k/a
Salomon Brothers
Variable All Cap Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Fundamental
Value
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Global High
Yield Bond Portfolio
(f/k/a Salomon Brothers
Variable High Yield
Bond Fund)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Global High
Yield Bond Portfolio
4/27/07

Legg Mason Partners
Variable Investors
Portfolio (f/k/a
Salomon Brothers
Variable Investors
Fund)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Investors
Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Growth Portfolio (f/k/a
Salomon Brothers
Variable Large Cap
Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Large Cap
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Small Cap
Growth Portfolio (f/k/a
Salomon Brothers
Variable Small Cap
Growth Fund)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Small Cap
Growth Portfolio
4/27/07

Legg Mason Partners
Variable Strategic Bond
Portfolio (f/k/a
Salomon Brothers
Variable Strategic Bond
Fund)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Strategic
Bond Portfolio
4/27/07

Legg Mason Partners
Variable Total Return
Portfolio (f/k/a
Salomon Brothers
Variable Total Return
Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Multiple
Discipline
Portfolio-
Balanced All
Cap Growth
and Value)
n/a
n/a
4/27/07
Liquid Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
Liquid Reserves
Portfolio
4/13/07
Tax Free Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
Tax Free Reserves
Portfolio
4/13/07
U.S. Treasury Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
U.S. Treasury
Reserves Portfolio
4/13/07
CitiFunds Trust I
Legg Mason Partners
Emerging Markets Equity
Fund (f/k/a Smith
Barney Emerging Markets
Equity Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Emerging Markets
Equity Fund
4/13/07
Legg Mason Partners
Trust II (f/k/a Smith
Barney Trust II)

Legg Mason Partners
Capital Preservation
Fund (f/k/a Smith
Barney Capital
Preservation Fund)
Not
Restructurin
g
n/a
n/a
n/a

Legg Mason Partners
Capital Preservation
Fund II (f/k/a Smith
Barney Capital
Preservation Fund II)
Not
Restructurin
g
n/a
n/a
n/a

Legg Mason Partners
Diversified Large Cap
Growth Fund (f/k/a
Smith Barney
Diversified Large Cap
Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Diversified Large Cap
Growth Fund
4/13/07

Legg Mason Partners
Global Equity Fund
(f/k/a Smith Barney
International Large Cap
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Global Equity Fund
4/13/07

Legg Mason Partners
Small Cap Growth
Opportunities Fund
(f/k/a Smith Barney
Small Cap Growth
Opportunities Fund)
Combination

(acquired by
Legg Mason
Partners
Small Cap
Growth Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Short Duration
Municipal Income Fund
(f/k/a Smith Barney
Short Duration
Municipal Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short Duration
Municipal Income Fund
4/13/07
CitiFunds Trust III
Citi Cash Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Cash Reserves
4/13/07

Citi U.S. Treasury
Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi U.S. Treasury
Reserves
4/13/07

Citi California Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi California Tax
Free Reserves
4/13/07

Citi Connecticut Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Connecticut Tax
Free Reserves
4/13/07

Citi New York Tax Free
Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi New York Tax
Free Reserves
4/13/07

Citi Tax Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Tax Free
Reserves
4/13/07
CitiFunds
Institutional Trust

Citi Institutional
Liquid Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Liquid Reserves
4/13/07

Citi Institutional Cash
Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Cash Reserves
4/13/07

Citi Institutional U.S.
Treasury Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
U.S. Treasury
Reserves
4/13/07

Citi Institutional Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Tax Free Reserves
4/13/07

Citi Institutional
Enhanced Income Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Enhanced Income Fund
4/13/07

SMASh Series M Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series M Fund
4/13/07

SMASh Series C Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series C Fund
4/13/07

SMASh Series EC Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series EC Fund
4/13/07






CitiFunds Premium
Trust

Citi Premium Liquid
Reserves
Restructurin
g
Legg Mason Partners
Premium Money Market
Trust
Citi Premium Liquid
Reserves
4/13/07

Citi Premium U.S.
Treasury Reserves
Restructurin
g
Legg Mason Partners
Premium Money Market
Trust
Citi Premium U.S.
Treasury Reserves
4/13/07
Legg Mason Partners
Funds Trust (f/k/a
Salomon Funds Trust)
Legg Mason Partners
National Tax Free Bond
Fund (f/k/a Salomon
Brothers National Tax
Free Bond Fund)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
3/2/07

Legg Mason Partners
California Tax Free
Bond Fund (f/k/a
Salomon Brothers
California Tax Free
Bond Fund)
Combination

(acquired by
Legg Mason
Partners
California
Municipals
Fund)
n/a
n/a
3/2/07

Legg Mason Partners New
York Tax Free Bond Fund
(f/k/a Salomon Brothers
New York Tax Free Bond
Fund)
Combination

(acquired by
Legg Mason
Partners New
York
Municipals
Fund)
n/a
n/a
3/2/07
Institutional
Portfolio
Institutional Enhanced
Portfolio
Restructurin
g
Master Portfolio
Trust
Institutional
Enhanced Portfolio
4/13/07

Prime Cash Reserves
Portfolio
Restructurin
g
Master Portfolio
Trust
Prime Cash Reserves
Portfolio
4/13/07

SMASh Series M
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series M
Portfolio
4/13/07

SMASh Series C
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series C
Portfolio
4/13/07

SMASh Series EC
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series EC
Portfolio
4/13/07






Legg Mason Partners
Variable Portfolios V
(f/k/a Variable
Annuity Portfolios)

Legg Mason Partners
Variable Small Cap
Growth Opportunities
Portfolio (f/k/a Smith
Barney Small Cap Growth
Opportunities
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Small Cap
Growth
Portfolio)
n/a
n/a
4/27/07




Exhibit A


Legg Mason Partners Equity Trust
Legg Mason Partners Aggressive Growth Fund
Legg Mason Partners All Cap Fund
Legg Mason Partners Appreciation Fund
Legg Mason Partners Capital and Income Fund
Legg Mason Partners Capital Fund
Legg Mason Partners Classic Values Fund
Legg Mason Partners Convertible Fund
Legg Mason Partners Diversified Large Cap Growth Fund
Legg Mason Partners Dividend Strategy Fund
Legg Mason Partners Emerging Markets Equity Fund
Legg Mason Partners Equity Fund
Legg Mason Partners Financial Services Fund
Legg Mason Partners Fundamental Value Fund
Legg Mason Partners Global Equity Fund
Legg Mason Partners International All Cap Opportunity Fund
Legg Mason Partners Investors Value Fund
Legg Mason Partners Large Cap Growth Fund
Legg Mason Partners Lifestyle Allocation 100%
Legg Mason Partners Lifestyle Allocation 85%
Legg Mason Partners Lifestyle Allocation 70%
Legg Mason Partners Lifestyle Allocation 50%
Legg Mason Partners Lifestyle Allocation 30%
Legg Mason Partners Lifestyle Income Fund
Legg Mason Partners Mid Cap Core Fund
Legg Mason Partners S&P 500 Index Fund
Legg Mason Partners Small Cap Core Fund
Legg Mason Partners Small Cap Growth Fund
Legg Mason Partners Small Cap Value Fund
Legg Mason Partners Social Awareness Fund

Legg Mason Partners Income Trust
Legg Mason Partners Adjustable Rate Income Fund
Legg Mason Partners California Municipals Fund
Legg Mason Partners Core Bond Fund
Legg Mason Partners Core Plus Bond Fund
Legg Mason Partners Diversified Strategic Income Fund
Legg Mason Partners Global High Yield Bond Fund
Legg Mason Partners Government Securities Fund
Legg Mason Partners High Income Fund
Legg Mason Partners Inflation Management Fund
Legg Mason Partners Intermediate Maturity California Municipals
Fund
Legg Mason Partners Intermediate Maturity New York Municipals
Fund
Legg Mason Partners Intermediate-Term Municipals Fund
Legg Mason Partners Investment Grade Bond Fund
Legg Mason Partners Managed Municipals Fund
Legg Mason Partners Massachusetts Municipals Fund
Legg Mason Partners Municipal High Income Fund
Legg Mason Partners New Jersey Municipals Fund
Legg Mason Partners New York Municipals Fund
Legg Mason Partners Oregon Municipals Fund
Legg Mason Partners Pennsylvania Municipals Fund
Legg Mason Partners Short Duration Municipal Income Fund
Legg Mason Partners Short/Intermediate U.S. Government Fund
Legg Mason Partners Short-Term Investment Grade Bond Fund
Western Asset Emerging Markets Debt Portfolio
Western Asset Global High Yield Bond Portfolio

Legg Mason Partners Variable Equity Trust
Legg Mason Partners Variable Aggressive Growth Portfolio
Legg Mason Partners Variable Appreciation Portfolio
Legg Mason Partners Variable Capital and Income Portfolio
Legg Mason Partners Variable Dividend Strategy Portfolio
Legg Mason Partners Variable Equity Index Portfolio
Legg Mason Partners Variable Fundamental Value Portfolio
Legg Mason Partners Variable International All Cap Opportunity
Portfolio
Legg Mason Partners Variable Investors Portfolio
Legg Mason Partners Variable Large Cap Growth Portfolio
Legg Mason Partners Variable Lifestyle Allocation 50%
Legg Mason Partners Variable Lifestyle Allocation 70%
Legg Mason Partners Variable Lifestyle Allocation 85%
Legg Mason Partners Variable Mid Cap Core Portfolio
Legg Mason Partners Variable Multiple Discipline Portfolio-All
Cap Growth and Value
Legg Mason Partners Variable Multiple Discipline Portfolio-Global
All Cap Growth and Value
Legg Mason Partners Variable Multiple Discipline Portfolio-Large
Cap Growth and Value
Legg Mason Partners Variable Small Cap Growth Portfolio
Legg Mason Partners Variable Social Awareness Portfolio

Legg Mason Partners Variable Income Trust
Legg Mason Partners Variable Adjustable Rate Income Portfolio
Legg Mason Partners Variable Diversified Strategic Income
Portfolio
Legg Mason Partners Variable Global High Yield Bond Portfolio
Legg Mason Partners Variable Government Portfolio
Legg Mason Partners Variable High Income Portfolio
Legg Mason Partners Variable Money Market Portfolio
Legg Mason Partners Variable Strategic Bond Portfolio



Legg Mason Partners Money Market Trust
Citi California Tax Free Reserves
Citi Cash Reserves
Citi Connecticut Tax Free Reserves
Citi New York Tax Free Reserves
Citi Tax Free Reserves
Citi U.S. Treasury Reserves
Western Asset California Municipal Money Market Fund
Western Asset Government Money Market Fund
Western Asset Massachusetts Municipal Money Market Fund
Western Asset Money Market Fund
Western Asset Municipal Money Market Fund
Western Asset New York Municipal Money Market Fund

Legg Mason Partners Institutional Trust
Citi Institutional Cash Reserves
Citi Institutional Enhanced Income Fund
Citi Institutional Liquid Reserves
Citi Institutional Tax Free Reserves
Citi Institutional U.S. Treasury Reserves
SMASh Series C Fund
SMASh Series EC Fund
SMASh Series M Fund
Western Asset Institutional Government Money Market Fund
Western Asset Institutional Money Market Fund
Western Asset Institutional Municipal Money Market Fund

Legg Mason Partners Premium Money Market Trust
Citi Premium Liquid Reserves
Citi Premium U.S. Treasury Reserves

Master Portfolio Trust
Liquid Reserves Portfolio
U.S. Treasury Reserves Portfolio
Tax Free Reserves Portfolio
Prime Cash Reserves Portfolio
Institutional Enhanced Portfolio
SMASh Series M Portfolio
SMASh Series C Portfolio
SMASh Series EC Portfolio

Legg Mason Partners Trust II
Legg Mason Partners Capital Preservation Fund
Legg Mason Partners Capital Preservation Fund II

Western Asset Intermediate Muni Fund Inc.
Western Asset High Income Opportunity Fund Inc.
Western Asset Managed High Income Fund Inc.
Western Asset Managed Municipals Portfolio Inc.
Western Asset Municipal High Income Fund Inc.
LMP Real Estate Income Fund Inc.
LMP Corporate Loan Fund Inc.
Western Asset Zenix Income Fund Inc.
Barrett Opportunity Fund, Inc.
Western Asset Emerging Markets Debt Fund Inc.
Western Asset Emerging Markets Income Fund Inc.
Western Asset Emerging Markets Income Fund II Inc.
Western Asset Emerging Markets Floating Rate Fund Inc.
LMP Capital & Income Fund Inc.
Western Asset Global Partners Income Fund Inc.
Western Asset Global High Income Fund Inc.
Western Asset High Income Fund Inc.
Western Asset High Income Fund II Inc.
Western Asset Inflation Management Fund Inc.
Western Asset Worldwide Income Fund Inc.
Western Asset 2008 Worldwide Dollar Government Term Trust Inc.
Western Asset Municipal Partners Fund Inc.
Western Asset Municipal Partners Fund II Inc.
Western Asset Variable Rate Strategic Fund Inc.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>7
<FILENAME>item77q.txt
<TEXT>
Financial Statement Disclosure for Western Asset High
Income Opportunity

As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Smith
Barney Fund Management LLC ("SBFM"), the former investment
adviser and administrator to various closed-end funds,
including the Fund, that the staff was considering
recommending administrative proceedings against it for
alleged violations of Section 19(a) and 34(b) of the
Investment Company Act (and related Rule 19a-1). On
September 27, 2007, SBFM, without admitting or denying any
findings therein, consented to the entry of an order by the
Securities and Exchange Commission relating to the
disclosure by High Income Opportunity Find Inc. (HIO), the
name of the fund prior to October 9, 2006, of the sources
of distributions paid by the funds between 2001 and 2004.
SBFM agreed to pay a fine of $450,000, for which it was
indemnified by Citigroup, Inc., its former parent. It is
not expected that this matter will adversely impact the
Fund or its current investment adviser.  Salomon Brothers
Asset Management Inc., an affiliate of SBFM consented to a
similar order by the SEC.

Financial Statement Disclosure for Western Asset Zenix
Income Fund Inc.

As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Smith
Barney Fund Management LLC ("SBFM"), the former investment
adviser and administrator to various closed-end funds,
including the Fund, that the staff was considering
recommending administrative proceedings against it for
alleged violations of Section 19(a) and 34(b) of the
Investment Company Act (and related Rule 19a-1). On
September 27, 2007, SBFM, without admitting or denying any
findings therein, consented to the entry of an order by the
Securities and Exchange Commission relating to the
disclosure by Zenix Income Fund Inc. (ZIF), the name of the
fund prior to October 9, 2006, of the sources of
distributions paid by the funds between 2001 and 2004. SBFM
agreed to pay a fine of $450,000, for which it was
indemnified by Citigroup, Inc., its former parent. It is
not expected that this matter will adversely impact the
Fund or its current investment adviser.  Salomon Brothers
Asset Management Inc., an affiliate of SBFM consented to a
similar order by the SEC.
Financial Statement Disclosure for  Western Asset Managed
High Income Fund Inc.

As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Smith
Barney Fund Management LLC ("SBFM"), the former investment
adviser and administrator to various closed-end funds,
including the Fund, that the staff was considering
recommending administrative proceedings against it for
alleged violations of Section 19(a) and 34(b) of the
Investment Company Act (and related Rule 19a-1). On
September 27, 2007, SBFM, without admitting or denying any
findings therein, consented to the entry of an order by the
Securities and Exchange Commission relating to the
disclosure by Managed High Income Fund Inc. (MHY), the name
of the fund prior to October 9, 2006, of the sources of
distributions paid by the funds between 2001 and 2004. SBFM
agreed to pay a fine of $450,000, for which it was
indemnified by Citigroup, Inc., its former parent. It is
not expected that this matter will adversely impact the
Fund or its current investment adviser.  Salomon Brothers
Asset Management Inc., an affiliate of SBFM consented to a
similar order by the SEC.

Financial Statement Disclosure for Western Asset High
Income Fund
As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Salomon
Brothers Asset Management Inc ("SBAM"), the former
investment adviser and administrator to various closed-end
funds, including the Fund, that the staff was considering
recommending administrative proceedings against it for
alleged violations of Section 19(a) and 34(b) of the
Investment Company Act (and related Rule 19a-1).  On
September 27, 2007, SBAM, without admitting or denying any
findings therein, consented to the entry of an order by the
Securities and Exchange Commission relating to the
disclosure by Salomon Brothers High Income Fund, (HIF), the
name of the fund prior to October 9, 2006, of the sources
of distributions paid by the funds between 2001 and 2003.
SBAM agreed to pay a fine of $450,000, for which it was
indemnified by Citigroup, Inc., its former parent.  It is
not expected that this matter will adversely impact the
Fund or its current investment adviser.  Smith Barney Fund
Management LLC., an affiliate of SBAM consented to a
similar order by the SEC.
Financial Statement Disclosure for Western Asset High
Income Fund II
As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Salomon
Brothers Asset Management Inc ("SBAM"), the former
investment adviser and administrator to various closed-end
funds, including the Fund, that the staff was considering
recommending administrative proceedings against it for
alleged violations of Section 19(a) and 34(b) of the
Investment Company Act (and related Rule 19a-1).  On
September 27, 2007, SBAM, without admitting or denying any
findings therein, consented to the entry of an order by the
Securities and Exchange Commission relating to the
disclosure by Salomon Brothers High Income Fund II (HIX),
the name of the fund prior to October 9, 2006, of the
sources of distributions paid by the funds between 2001 and
2003. SBAM agreed to pay a fine of $450,000, for which it
was indemnified by Citigroup, Inc., its former parent.  It
is not expected that this matter will adversely impact the
Fund or its current investment adviser.  Smith Barney Fund
Management LLC., an affiliate of SBAM consented to a
similar order with by SEC.



Proposed Financial Statement Disclosure for All Open-end
Funds and Other Closed-end Funds
As previously disclosed, on September 16, 2005 the staff of
the Securities and Exchange Commission informed Smith
Barney Fund Management LLC ("SBFM") and Salomon Brothers
Asset Management (?SBAM?), that the staff was considering
recommending administrative proceedings against SBFM and
SBAM for alleged violations of Section 19(a) and 34(b) of
the Investment Company Act (and related Rule 19a-1).  On
September 27, 2007, SBFM and SBAM, without admitting or
denying any findings therein, consented to the entry of an
order by the Securities and Exchange Commission relating to
the disclosure by certain other funds that are closed-end
funds of the sources of distributions paid by the funds
between 2001 and 2004.  Each of SBFM and SBAM agreed to pay
a fine of $450,000, for which it was indemnified by
Citigroup, Inc., its former parent.  It is not expected
that this matter will adversely impact the Fund or its
current investment adviser.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>8
<FILENAME>item77q1.txt
<TEXT>
April 9, 2007
State Street Bank and Trust Company
One Lincoln Street
Boston, Massachusetts  02111

Re:	Custodian Services Agreement

Ladies and Gentlemen:
      Reference is made to the Custodian Services Agreement,
dated as of January 1, 2007 (as amended to date, the
"Agreement"), by and among State Street Bank and Trust
Company, a Massachusetts trust company, and each management
investment company identified as an "Existing Fund" on
Schedule I hereto (each, a "Fund" and, collectively, the
"Funds") on behalf of each of its series, if any,
identified as "Existing Portfolio" on Schedule I hereto
(each, a "Portfolio" and, collectively, the "Portfolios")
and certain other affiliated management investment
companies.
      In connection with a restructuring of the complex of
which the Funds are a part, as of the close of business on
April 13, 2007 or April 27, 2007, as indicated on Schedule
I hereto (each, a "Closing Date"), many of the Funds and
Portfolios will be reorganized as set forth on Schedule I
hereto.  Additionally, as indicated on Schedule I, several
Funds and Portfolios have recently ceased or shall cease
operations following fund combinations (or otherwise) on
the date indicated on Schedule I hereto (each, a
"Termination Date").
      On each applicable Closing Date, (i) each management
company identified as a "Successor Fund" shall become a
"Fund" party to the Agreement on behalf of each of its
series identified on Schedule I as a "Successor Portfolio"
and shall assume all of the rights and obligations under
the Agreement of the corresponding Existing Fund with
respect to each applicable Existing Portfolio (or, if such
Existing Fund has no Existing Portfolios, with respect to
the Existing Fund itself), (ii) each such Successor
Portfolio shall be deemed a "Portfolio" within the meaning
of the Agreement, and (iii) the corresponding Existing
Portfolio shall cease be deemed to be a "Portfolio" under
the Agreement.  As of each applicable Termination Date,
each Existing Portfolio indicated on Schedule I hereto as
terminating operations shall cease to be deemed a
"Portfolio" under the Agreement.
      As of the date on which an Existing Fund has no
further rights or obligations under the Agreement, by
virtue of (i) all of the rights and obligations of its
Existing Portfolios (or, if such Existing Fund has no
Existing Portfolios, the Existing Fund itself) having been
assumed by one or more Successor Funds and/or (ii) its
Existing Portfolios (or, if such Existing Fund has no
Existing Portfolios, the Existing Fund itself) having
ceased operations in connection with a fund combination,
such Existing Fund shall cease to be a party to the
Agreement and shall have no rights or obligations
thereunder.
      Additionally, attached as Exhibit A hereto is a
replacement of "Exhibit A" to the Agreement, effective as
of the close of business on April 27, 2007.
      Except to the extent expressly set forth herein, this
letter shall not be deemed to otherwise amend or modify any
term of the Agreement.
      Please sign below to evidence your consent and
agreement to the above.

EACH MANAGEMENT INVESTMENT COMPANY
IDENTIFIED ON SCHEDULE I HERETO AS
A "EXISTING FUND"
OR A "SUCCESSOR FUND"
By:
Name:
Title:

Consented and Agreed to:

STATE STREET BANK AND TRUST COMPANY
By:
Name:		Joseph L. Hooley
Title:		Executive Vice President



Schedule I

FUNDS AND PORTFOLIOS
INVOLVED IN RESTRUCTURINGS
OR FUND COMBINATIONS

Existing Fund
Existing Portfolio
Restructur
ing, Fund
Combinatio
n or Other
Cessation
of
Operations
Successor Fund
Successor Portfolio
Closing
Date or
Termination
Date

(as
applicable)






Legg Mason Partners
Adjustable Rate Income
Fund (f/k/a SB
Adjustable Rate Income
Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Adjustable Rate
Income Fund
4/13/07
Legg Mason Partners
Aggressive Growth
Fund, Inc. (f/k/a
Smith Barney
Aggressive Growth Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Aggressive Growth
Fund
4/13/07
Legg Mason Partners
Lifestyle Series, Inc.
(f/k/a Smith Barney
Allocation Series
Inc.)
Legg Mason Partners
Lifestyle Allocation
50% (f/k/a Balanced
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
50%
4/13/07

Legg Mason Partners
Lifestyle Allocation
30% (f/k/a Conservative
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
30%
4/13/07

Legg Mason Partners
Lifestyle Allocation
70% (f/k/a Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
70%
4/13/07

Legg Mason Partners
Lifestyle Allocation
85% (f/k/a High Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
85%
4/13/07

Legg Mason Partners
Lifestyle Allocation
100%
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
100%
4/13/07

Legg Mason Partners
Lifestyle Income Fund
(f/k/a Income
Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Income Fund
4/13/07

Legg Mason Partners
Variable Lifestyle
Allocation 50% (f/k/a
Select Balanced
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 50%
4/27/07

Legg Mason Partners
Variable Lifestyle
Allocation 70% (f/k/a
Select Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 70%
4/27/07

Legg Mason Partners
Variable Lifestyle
Allocation 85% (f/k/a
Select High Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Lifestyle
Allocation 85%
4/27/07
Legg Mason Partners
Appreciation Fund,
Inc. (f/k/a Smith
Barney Appreciation
Fund Inc.)

n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Appreciation Fund
4/13/07
Legg Mason Partners
Arizona Municipals
Fund, Inc. (f/k/a
Smith Barney Arizona
Municipals Fund Inc.)
n/a
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07
Legg Mason Partners
California Municipals
Fund, Inc. (f/k/a
Smith Barney
California Municipals
Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
California Municipals
Fund
4/13/07
Legg Mason Partners
Equity Funds (f/k/a
Smith Barney Equity
Funds)
Legg Mason Partners
Social Awareness Fund
(f/k/a Smith Barney
Social Awareness Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Social Awareness Fund
4/13/07
Legg Mason Partners
Fundamental Value
Fund, Inc. (f/k/a
Smith Barney
Fundamental Value Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Fundamental Value
Fund
4/13/07
Legg Mason Partners
Funds, Inc. (f/k/a
Smith Barney Funds,
Inc.)
Legg Mason Partners
Large Cap Value Fund
(f/k/a Smith Barney
Large Cap Value Fund)
Combination

(acquired by
Legg Mason
Partners
Investors
Value Fund)
n/a
n/a
3/2/07

Legg Mason Partners
U.S. Government
Securities Fund (f/k/a
Smith Barney U.S.
Government Securities
Fund)
Combination

(acquired by
Legg Mason
Partners
Government
Securities
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Short-Term Investment
Grade Bond Fund (f/k/a
Smith Barney Short-Term
Investment Grade Bond
Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short-Term Investment
Grade Bond Fund
4/13/07
Legg Mason Partners
Income Funds (f/k/a
Smith Barney Income
Funds)
Legg Mason Partners
Convertible Fund (f/k/a
SB Convertible Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Convertible Fund
4/13/07

Legg Mason Partners
Diversified Strategic
Income Fund (f/k/a
Smith Barney
Diversified Strategic
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Diversified Strategic
Income Fund
4/13/07

Legg Mason Partners
Exchange Reserve Fund
(f/k/a Smith Barney
Exchange Reserve Fund)
Combination

(acquired by
Smith Barney
Money Funds-
Cash
Portfolio)
n/a
n/a
3/16/07

Legg Mason Partners
High Income Fund (f/k/a
Smith Barney High
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
High Income Fund
4/13/07

Legg Mason Partners
Municipal High Income
Fund (f/k/a Smith
Barney Municipal High
Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Municipal High Income
Fund
4/13/07

Legg Mason Partners
Capital and Income Fund
(f/k/a SB Capital and
Income Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Capital and Income
Fund
4/13/07

Legg Mason Partners
Core Bond Fund (f/k/a
Smith Barney Total
Return Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Core Bond Fund
4/13/07
Smith Barney
Institutional Cash
Management Fund Inc.
Cash Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional Money
Market Fund
4/13/07

Government Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional
Government Money
Market Fund
4/13/07

Municipal Portfolio
Restructurin
g
Legg Mason Partners
Institutional Trust
Western Asset
Institutional
Municipal Money
Market Fund
4/13/07
Legg Mason Partners
Investment Funds, Inc.
(f/k/a Smith Barney
Investment Funds Inc.)
Legg Mason Partners
Investment Grade Bond
Fund (f/k/a Smith
Barney Investment Grade
Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Investment Grade Bond
Fund
4/13/07

Legg Mason Partners
Multiple Discipline
Funds Large Cap Growth
and Value (f/k/a Smith
Barney Multiple
Discipline Funds-Large
Cap Growth and Value
Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Multiple Discipline
Funds All Cap Growth
and Value (f/k/a Smith
Barney Multiple
Discipline Funds-All
Cap Growth and Value
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
All Cap Fund

4/13/07

Legg Mason Partners
Multiple Discipline
Funds Global All Cap
Growth and Value (f/k/a
Smith Barney Multiple
Discipline Funds-Global
All Cap Growth and
Value Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Multiple Discipline
Funds All Cap and
International (f/k/a
Smith Barney Multiple
Discipline Funds-All
Cap and International
Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Government Securities
Fund (f/k/a Smith
Barney Government
Securities Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Government Securities
Fund
4/13/07

Legg Mason Partners
Small Cap Growth Fund
(f/k/a Smith Barney
Small Cap Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Small Cap
Growth Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Small Cap Value Fund
(f/k/a Smith Barney
Small Cap Value Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Value Fund

4/13/07
Legg Mason Partners
Investment Series
(f/k/a Smith Barney
Investment Series)
Legg Mason Partners
Dividend Strategy Fund
(f/k/a Smith Barney
Dividend Strategy Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Dividend Strategy
Fund
4/13/07

Legg Mason Partners
Growth and Income Fund
(f/k/a SB Growth and
Income Fund)
Combination

(acquired by
Legg Mason
Partners
Multiple
Discipline
Funds All
Cap Growth
and Value)
n/a
n/a
2/2/07

Legg Mason Partners
Premier Selections All
Cap Growth Portfolio
(f/k/a Smith Barney
Premier Selections All
Cap Growth Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Aggressive
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Growth and
Income Portfolio (f/k/a
Smith Barney Growth and
Income Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Appreciation
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Government
Portfolio (f/k/a SB
Government Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Government
Portfolio
4/27/07

Legg Mason Partners
Variable Dividend
Strategy Portfolio
(f/k/a Smith Barney
Dividend Strategy
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Dividend
Strategy Portfolio
4/27/07
Legg Mason Partners
Investment Trust
(f/k/a Smith Barney
Investment Trust)
Legg Mason Partners
Intermediate Maturity
California Municipals
Fund (f/k/a Smith
Barney Intermediate
Maturity California
Municipals Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate Maturity
California Municipals
Fund
4/13/07

Legg Mason Partners
Intermediate Maturity
New York Municipals
Fund (f/k/a Smith
Barney Intermediate
Maturity New York
Municipals Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate Maturity
New York Municipals
Fund
4/13/07

Legg Mason Partners
Large Cap Growth Fund
(f/k/a Smith Barney
Large Capitalization
Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Large Cap Growth Fund
4/13/07

Legg Mason Partners S&P
500 Index Fund (f/k/a
Smith Barney S&P 500
Index Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
S&P 500 Index Fund
4/13/07

Legg Mason Partners Mid
Cap Core Fund (f/k/a
Smith Barney Mid Cap
Core Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Mid Cap Core Fund
4/13/07

Legg Mason Partners
Classic Values Fund
(f/k/a Smith Barney
Classic Values Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Classic Values Fund
4/13/07
Legg Mason Partners
Core Plus Bond Fund,
Inc. (f/k/a Smith
Barney Core Plus Bond
Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Core Plus Bond Fund
4/13/07
Legg Mason Partners
Managed Municipals
Fund, Inc. (f/k/a
Smith Barney Managed
Municipals Fund Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Managed Municipals
Fund
4/13/07
Legg Mason Partners
Massachusetts
Municipals Fund (f/k/a
Smith Barney
Massachusetts
Municipals Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Massachusetts
Municipals Fund
4/13/07
Smith Barney Money
Funds, Inc.
Cash Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset Money
Market Fund
4/13/07

Government Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Government Money
Market Fund
4/13/07
Legg Mason Partners
Variable Portfolios IV
(f/k/a Smith Barney
Multiple Discipline
Trust)
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
All Cap Growth and
Value (f/k/a Multiple
Discipline Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
All Cap Growth and
Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Large Cap Growth and
Value (f/k/a Multiple
Discipline Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Large Cap Growth and
Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Global All Cap Growth
and Value (f/k/a
Multiple Discipline
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Global All Cap Growth
and Value
4/27/07

Legg Mason Partners
Variable Multiple
Discipline Portfolio-
Balanced All Cap Growth
and Value (f/k/a
Multiple Discipline
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Capital and
Income Portfolio
4/27/07
Smith Barney Municipal
Money Market Fund,
Inc.
n/a
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Municipal Money
Market Fund
4/13/07
Legg Mason Partners
Municipal Funds (f/k/a
Smith Barney Muni
Funds)
California Money Market
Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
California Municipal
Money Market Fund
4/13/07

Legg Mason Partners
Florida Municipals Fund
(f/k/a Florida
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Georgia Municipals Fund
(f/k/a Georgia
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Legg Mason Partners
Intermediate-Term
Municipals Fund (f/k/a
Limited Term Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Intermediate-Term
Municipals Fund
4/13/07

Legg Mason Partners
National Municipals
Fund (f/k/a National
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
2/2/07

Massachusetts Money
Market Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset
Massachusetts
Municipal Money
Market Fund
4/13/07

New York Money Market
Portfolio
Restructurin
g
Legg Mason Partners
Money Market Trust
Western Asset New
York Municipal Money
Market Fund
4/13/07

Legg Mason Partners New
York Municipals Fund
(f/k/a New York
Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
New York Municipals
Fund
4/13/07

Legg Mason Partners
Pennsylvania Municipals
Fund (f/k/a
Pennsylvania Portfolio)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Pennsylvania
Municipals Fund
4/13/07
Legg Mason Partners
New Jersey Municipals
Fund, Inc. (f/k/a
Smith Barney New
Jersey Municipals Fund
Inc.)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
New Jersey Municipals
Fund
4/13/07
Legg Mason Partners
Oregon Municipals Fund
(f/k/a Smith Barney
Oregon Municipals
Fund)
n/a
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Oregon Municipals
Fund
4/13/07
Legg Mason Partners
Sector Series, Inc.
(f/k/a Smith Barney
Sector Series Inc.)
Legg Mason Partners
Financial Services Fund
(f/k/a Smith Barney
Financial Services
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Financial Services
Fund
4/13/07

Legg Mason Partners
Technology Fund (f/k/a
Smith Barney Technology
Fund)
Combination

(acquired by
Legg Mason
Partners
Large Cap
Growth Fund)
n/a
n/a
2/2/07
Legg Mason Partners
Small Cap Core Fund,
Inc. (f/k/a Smith
Barney Small Cap Core
Fund, Inc.)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Core Fund
4/13/07
Legg Mason Partners
World Funds, Inc.
(f/k/a Smith Barney
World Funds)
Legg Mason Partners
Inflation Management
Fund (f/k/a Smith
Barney Inflation
Management Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Inflation Management
Fund
4/13/07

Legg Mason Partners
International All Cap
Opportunity Fund (f/k/a
International All Cap
Growth Portfolio)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
International All Cap
Opportunity Fund
4/13/07
Legg Mason Partners
Variable Portfolios II
(f/k/a Greenwich
Street Series Fund)
Legg Mason Partners
Variable Appreciation
Portfolio (f/k/a
Appreciation Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Appreciation
Portfolio
4/27/07

Legg Mason Partners
Variable Capital and
Income Portfolio (f/k/a
Capital and Income
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Multiple
Discipline
Portfolio-
Balanced All
Cap Growth
and Value)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Diversified
Strategic Income
Portfolio (f/k/a
Diversified Strategic
Income Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Diversified
Strategic Income
Portfolio
4/27/07

Legg Mason Partners
Variable Aggressive
Growth Portfolio (f/k/a
Salomon Brothers
Variable Aggressive
Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Aggressive
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Equity Index
Portfolio (f/k/a Equity
Index Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Equity Index
Portfolio
4/27/07

Legg Mason Partners
Variable Growth and
Income Portfolio (f/k/a
Salomon Brothers
Variable Growth &
Income Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Appreciation
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Fundamental
Value Portfolio (f/k/a
Fundamental Value
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Fundamental
Value Portfolio
4/27/07
Legg Mason Partners
Variable Portfolios
III, Inc. (f/k/a
Travelers Series Fund
Inc. )

Legg Mason Partners
Variable Aggressive
Growth Portfolio (f/k/a
Smith Barney Aggressive
Growth Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Aggressive
Growth Portfolio
4/27/07

Legg Mason Partners
Variable High Income
Portfolio (f/k/a Smith
Barney High Income
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable High Income
Portfolio
4/27/07

Legg Mason Partners
Variable International
All Cap Growth
Portfolio (f/k/a Smith
Barney International
All Cap Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable
International All Cap
Opportunity Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Growth Portfolio (f/k/a
Smith Barney Large
Capitalization Growth
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Large Cap
Growth Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Value Portfolio (f/k/a
Smith Barney Large Cap
Value Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Investors
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Mid Cap Core
Portfolio (f/k/a Smith
Barney Mid Cap Core
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Mid Cap Core
Portfolio
4/27/07

Legg Mason Partners
Variable Money Market
Portfolio (f/k/a Smith
Barney Money Market
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Money Market
Portfolio
4/27/07

Legg Mason Partners
Variable Social
Awareness Stock
Portfolio (f/k/a Social
Awareness Stock
Portfolio)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Social
Awareness Portfolio
4/27/07

Legg Mason Partners
Variable Adjustable
Rate Income Portfolio
(f/k/a SB Adjustable
Rate Income Portfolio)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Adjustable
Rate Income Portfolio
4/27/07
Legg Mason Partners
Equity Fund, Inc.
(f/k/a The Salomon
Brothers Fund Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Equity Fund
4/13/07
Legg Mason Partners
Investors Value Fund,
Inc. (f/k/a Salomon
Brothers Investors
Value Fund Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Investors Value Fund
4/13/07
Legg Mason Partners
Capital Fund, Inc.
(f/k/a Salomon
Brothers Capital Fund
Inc)
n/a
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Capital Fund
4/13/07
Legg Mason Partners
Series Funds, Inc.
(f/k/a Salomon
Brothers Series Funds
Inc.)
Legg Mason Partners
Balanced Fund (f/k/a
Salomon Brothers
Balanced Fund)
Combination

(acquired by
Legg Mason
Partners
Capital and
Income Fund)
n/a
n/a
3/16/07

Legg Mason Partners
Global High Yield Bond
Fund (f/k/a Salomon
Brothers High Yield
Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Global High Yield
Bond Fund
4/13/07

Legg Mason Partners
New York Municipal
Money Market Fund
(f/k/a Salomon
Brothers NY Municipal
Money Mkt Fund)
Combinatio
n

(acquired
by Legg
Mason
Partners
Municipal
Funds -
New York
Money
Market
Portfolio)
n/a
n/a
3/2/07

Legg Mason Partners
Small Cap Growth Fund I
(f/k/a Salomon Brothers
Small Cap Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Small Cap Growth Fund
4/13/07

Legg Mason Partners
Strategic Bond Fund
(f/k/a Salomon Brothers
Strategic Bond Fund)
Combination

(acquired by
Legg Mason
Partners
Diversified
Strategic
Income Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Short/Intermediate U.S.
Government Fund (f/k/a
Salomon Brothers
Short/Intermediate US
Government Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short/Intermediate
U.S. Government Fund
4/13/07
Western Asset Funds
II, Inc. (f/k/a
Salomon Brothers
Institutional Series
Funds Inc.)

Western Asset Global
High Yield Bond
Portfolio (f/k/a
Salomon Brothers
Institutional High
Yield Bond Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Western Asset Global
High Yield Bond
Portfolio
4/13/07

Western Asset Emerging
Market Debt Portfolio
(f/k/a Salomon Brothers
Institutional Emerging
Markets Debt Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Western Asset
Emerging Markets Debt
Portfolio
4/13/07
Legg Mason Partners
Variable Portfolios I,
Inc. (f/k/a Salomon
Brothers Variable
Series Funds Inc.)

Legg Mason Partners
Variable All Cap
Portfolio (f/k/a
Salomon Brothers
Variable All Cap Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Fundamental
Value
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Global High
Yield Bond Portfolio
(f/k/a Salomon Brothers
Variable High Yield
Bond Fund)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Global High
Yield Bond Portfolio
4/27/07

Legg Mason Partners
Variable Investors
Portfolio (f/k/a
Salomon Brothers
Variable Investors
Fund)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Investors
Portfolio
4/27/07

Legg Mason Partners
Variable Large Cap
Growth Portfolio (f/k/a
Salomon Brothers
Variable Large Cap
Growth Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Large Cap
Growth
Portfolio)
n/a
n/a
4/27/07

Legg Mason Partners
Variable Small Cap
Growth Portfolio (f/k/a
Salomon Brothers
Variable Small Cap
Growth Fund)
Restructurin
g
Legg Mason Partners
Variable Equity Trust
Legg Mason Partners
Variable Small Cap
Growth Portfolio
4/27/07

Legg Mason Partners
Variable Strategic Bond
Portfolio (f/k/a
Salomon Brothers
Variable Strategic Bond
Fund)
Restructurin
g
Legg Mason Partners
Variable Income Trust
Legg Mason Partners
Variable Strategic
Bond Portfolio
4/27/07

Legg Mason Partners
Variable Total Return
Portfolio (f/k/a
Salomon Brothers
Variable Total Return
Fund)
Combination

(acquired by
Legg Mason
Partners
Variable
Multiple
Discipline
Portfolio-
Balanced All
Cap Growth
and Value)
n/a
n/a
4/27/07
Liquid Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
Liquid Reserves
Portfolio
4/13/07
Tax Free Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
Tax Free Reserves
Portfolio
4/13/07
U.S. Treasury Reserves
Portfolio
n/a
Restructurin
g
Master Portfolio
Trust
U.S. Treasury
Reserves Portfolio
4/13/07
CitiFunds Trust I
Legg Mason Partners
Emerging Markets Equity
Fund (f/k/a Smith
Barney Emerging Markets
Equity Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Emerging Markets
Equity Fund
4/13/07
Legg Mason Partners
Trust II (f/k/a Smith
Barney Trust II)

Legg Mason Partners
Capital Preservation
Fund (f/k/a Smith
Barney Capital
Preservation Fund)
Not
Restructurin
g
n/a
n/a
n/a

Legg Mason Partners
Capital Preservation
Fund II (f/k/a Smith
Barney Capital
Preservation Fund II)
Not
Restructurin
g
n/a
n/a
n/a

Legg Mason Partners
Diversified Large Cap
Growth Fund (f/k/a
Smith Barney
Diversified Large Cap
Growth Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Diversified Large Cap
Growth Fund
4/13/07

Legg Mason Partners
Global Equity Fund
(f/k/a Smith Barney
International Large Cap
Fund)
Restructurin
g
Legg Mason Partners
Equity Trust
Legg Mason Partners
Global Equity Fund
4/13/07

Legg Mason Partners
Small Cap Growth
Opportunities Fund
(f/k/a Smith Barney
Small Cap Growth
Opportunities Fund)
Combination

(acquired by
Legg Mason
Partners
Small Cap
Growth Fund)
n/a
n/a
3/2/07

Legg Mason Partners
Short Duration
Municipal Income Fund
(f/k/a Smith Barney
Short Duration
Municipal Income Fund)
Restructurin
g
Legg Mason Partners
Income Trust
Legg Mason Partners
Short Duration
Municipal Income Fund
4/13/07
CitiFunds Trust III
Citi Cash Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Cash Reserves
4/13/07

Citi U.S. Treasury
Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi U.S. Treasury
Reserves
4/13/07

Citi California Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi California Tax
Free Reserves
4/13/07

Citi Connecticut Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Connecticut Tax
Free Reserves
4/13/07

Citi New York Tax Free
Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi New York Tax
Free Reserves
4/13/07

Citi Tax Free Reserves
Restructurin
g
Legg Mason Partners
Money Market Trust
Citi Tax Free
Reserves
4/13/07
CitiFunds
Institutional Trust

Citi Institutional
Liquid Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Liquid Reserves
4/13/07

Citi Institutional Cash
Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Cash Reserves
4/13/07

Citi Institutional U.S.
Treasury Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
U.S. Treasury
Reserves
4/13/07

Citi Institutional Tax
Free Reserves
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Tax Free Reserves
4/13/07

Citi Institutional
Enhanced Income Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
Citi Institutional
Enhanced Income Fund
4/13/07

SMASh Series M Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series M Fund
4/13/07

SMASh Series C Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series C Fund
4/13/07

SMASh Series EC Fund
Restructurin
g
Legg Mason Partners
Institutional Trust
SMASh Series EC Fund
4/13/07






CitiFunds Premium
Trust

Citi Premium Liquid
Reserves
Restructurin
g
Legg Mason Partners
Premium Money Market
Trust
Citi Premium Liquid
Reserves
4/13/07

Citi Premium U.S.
Treasury Reserves
Restructurin
g
Legg Mason Partners
Premium Money Market
Trust
Citi Premium U.S.
Treasury Reserves
4/13/07
Legg Mason Partners
Funds Trust (f/k/a
Salomon Funds Trust)
Legg Mason Partners
National Tax Free Bond
Fund (f/k/a Salomon
Brothers National Tax
Free Bond Fund)
Combination

(acquired by
Legg Mason
Partners
Managed
Municipals
Fund)
n/a
n/a
3/2/07

Legg Mason Partners
California Tax Free
Bond Fund (f/k/a
Salomon Brothers
California Tax Free
Bond Fund)
Combination

(acquired by
Legg Mason
Partners
California
Municipals
Fund)
n/a
n/a
3/2/07

Legg Mason Partners New
York Tax Free Bond Fund
(f/k/a Salomon Brothers
New York Tax Free Bond
Fund)
Combination

(acquired by
Legg Mason
Partners New
York
Municipals
Fund)
n/a
n/a
3/2/07
Institutional
Portfolio
Institutional Enhanced
Portfolio
Restructurin
g
Master Portfolio
Trust
Institutional
Enhanced Portfolio
4/13/07

Prime Cash Reserves
Portfolio
Restructurin
g
Master Portfolio
Trust
Prime Cash Reserves
Portfolio
4/13/07

SMASh Series M
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series M
Portfolio
4/13/07

SMASh Series C
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series C
Portfolio
4/13/07

SMASh Series EC
Portfolio
Restructurin
g
Master Portfolio
Trust
SMASh Series EC
Portfolio
4/13/07






Legg Mason Partners
Variable Portfolios V
(f/k/a Variable
Annuity Portfolios)

Legg Mason Partners
Variable Small Cap
Growth Opportunities
Portfolio (f/k/a Smith
Barney Small Cap Growth
Opportunities
Portfolio)
Combination

(acquired by
Legg Mason
Partners
Variable
Small Cap
Growth
Portfolio)
n/a
n/a
4/27/07




Exhibit A


Legg Mason Partners Equity Trust
Legg Mason Partners Aggressive Growth Fund
Legg Mason Partners All Cap Fund
Legg Mason Partners Appreciation Fund
Legg Mason Partners Capital and Income Fund
Legg Mason Partners Capital Fund
Legg Mason Partners Classic Values Fund
Legg Mason Partners Convertible Fund
Legg Mason Partners Diversified Large Cap Growth Fund
Legg Mason Partners Dividend Strategy Fund
Legg Mason Partners Emerging Markets Equity Fund
Legg Mason Partners Equity Fund
Legg Mason Partners Financial Services Fund
Legg Mason Partners Fundamental Value Fund
Legg Mason Partners Global Equity Fund
Legg Mason Partners International All Cap Opportunity Fund
Legg Mason Partners Investors Value Fund
Legg Mason Partners Large Cap Growth Fund
Legg Mason Partners Lifestyle Allocation 100%
Legg Mason Partners Lifestyle Allocation 85%
Legg Mason Partners Lifestyle Allocation 70%
Legg Mason Partners Lifestyle Allocation 50%
Legg Mason Partners Lifestyle Allocation 30%
Legg Mason Partners Lifestyle Income Fund
Legg Mason Partners Mid Cap Core Fund
Legg Mason Partners S&P 500 Index Fund
Legg Mason Partners Small Cap Core Fund
Legg Mason Partners Small Cap Growth Fund
Legg Mason Partners Small Cap Value Fund
Legg Mason Partners Social Awareness Fund

Legg Mason Partners Income Trust
Legg Mason Partners Adjustable Rate Income Fund
Legg Mason Partners California Municipals Fund
Legg Mason Partners Core Bond Fund
Legg Mason Partners Core Plus Bond Fund
Legg Mason Partners Diversified Strategic Income Fund
Legg Mason Partners Global High Yield Bond Fund
Legg Mason Partners Government Securities Fund
Legg Mason Partners High Income Fund
Legg Mason Partners Inflation Management Fund
Legg Mason Partners Intermediate Maturity California Municipals
Fund
Legg Mason Partners Intermediate Maturity New York Municipals
Fund
Legg Mason Partners Intermediate-Term Municipals Fund
Legg Mason Partners Investment Grade Bond Fund
Legg Mason Partners Managed Municipals Fund
Legg Mason Partners Massachusetts Municipals Fund
Legg Mason Partners Municipal High Income Fund
Legg Mason Partners New Jersey Municipals Fund
Legg Mason Partners New York Municipals Fund
Legg Mason Partners Oregon Municipals Fund
Legg Mason Partners Pennsylvania Municipals Fund
Legg Mason Partners Short Duration Municipal Income Fund
Legg Mason Partners Short/Intermediate U.S. Government Fund
Legg Mason Partners Short-Term Investment Grade Bond Fund
Western Asset Emerging Markets Debt Portfolio
Western Asset Global High Yield Bond Portfolio

Legg Mason Partners Variable Equity Trust
Legg Mason Partners Variable Aggressive Growth Portfolio
Legg Mason Partners Variable Appreciation Portfolio
Legg Mason Partners Variable Capital and Income Portfolio
Legg Mason Partners Variable Dividend Strategy Portfolio
Legg Mason Partners Variable Equity Index Portfolio
Legg Mason Partners Variable Fundamental Value Portfolio
Legg Mason Partners Variable International All Cap Opportunity
Portfolio
Legg Mason Partners Variable Investors Portfolio
Legg Mason Partners Variable Large Cap Growth Portfolio
Legg Mason Partners Variable Lifestyle Allocation 50%
Legg Mason Partners Variable Lifestyle Allocation 70%
Legg Mason Partners Variable Lifestyle Allocation 85%
Legg Mason Partners Variable Mid Cap Core Portfolio
Legg Mason Partners Variable Multiple Discipline Portfolio-All
Cap Growth and Value
Legg Mason Partners Variable Multiple Discipline Portfolio-Global
All Cap Growth and Value
Legg Mason Partners Variable Multiple Discipline Portfolio-Large
Cap Growth and Value
Legg Mason Partners Variable Small Cap Growth Portfolio
Legg Mason Partners Variable Social Awareness Portfolio

Legg Mason Partners Variable Income Trust
Legg Mason Partners Variable Adjustable Rate Income Portfolio
Legg Mason Partners Variable Diversified Strategic Income
Portfolio
Legg Mason Partners Variable Global High Yield Bond Portfolio
Legg Mason Partners Variable Government Portfolio
Legg Mason Partners Variable High Income Portfolio
Legg Mason Partners Variable Money Market Portfolio
Legg Mason Partners Variable Strategic Bond Portfolio



Legg Mason Partners Money Market Trust
Citi California Tax Free Reserves
Citi Cash Reserves
Citi Connecticut Tax Free Reserves
Citi New York Tax Free Reserves
Citi Tax Free Reserves
Citi U.S. Treasury Reserves
Western Asset California Municipal Money Market Fund
Western Asset Government Money Market Fund
Western Asset Massachusetts Municipal Money Market Fund
Western Asset Money Market Fund
Western Asset Municipal Money Market Fund
Western Asset New York Municipal Money Market Fund

Legg Mason Partners Institutional Trust
Citi Institutional Cash Reserves
Citi Institutional Enhanced Income Fund
Citi Institutional Liquid Reserves
Citi Institutional Tax Free Reserves
Citi Institutional U.S. Treasury Reserves
SMASh Series C Fund
SMASh Series EC Fund
SMASh Series M Fund
Western Asset Institutional Government Money Market Fund
Western Asset Institutional Money Market Fund
Western Asset Institutional Municipal Money Market Fund

Legg Mason Partners Premium Money Market Trust
Citi Premium Liquid Reserves
Citi Premium U.S. Treasury Reserves

Master Portfolio Trust
Liquid Reserves Portfolio
U.S. Treasury Reserves Portfolio
Tax Free Reserves Portfolio
Prime Cash Reserves Portfolio
Institutional Enhanced Portfolio
SMASh Series M Portfolio
SMASh Series C Portfolio
SMASh Series EC Portfolio

Legg Mason Partners Trust II
Legg Mason Partners Capital Preservation Fund
Legg Mason Partners Capital Preservation Fund II

Western Asset Intermediate Muni Fund Inc.
Western Asset High Income Opportunity Fund Inc.
Western Asset Managed High Income Fund Inc.
Western Asset Managed Municipals Portfolio Inc.
Western Asset Municipal High Income Fund Inc.
LMP Real Estate Income Fund Inc.
LMP Corporate Loan Fund Inc.
Western Asset Zenix Income Fund Inc.
Barrett Opportunity Fund, Inc.
Western Asset Emerging Markets Debt Fund Inc.
Western Asset Emerging Markets Income Fund Inc.
Western Asset Emerging Markets Income Fund II Inc.
Western Asset Emerging Markets Floating Rate Fund Inc.
LMP Capital & Income Fund Inc.
Western Asset Global Partners Income Fund Inc.
Western Asset Global High Income Fund Inc.
Western Asset High Income Fund Inc.
Western Asset High Income Fund II Inc.
Western Asset Inflation Management Fund Inc.
Western Asset Worldwide Income Fund Inc.
Western Asset 2008 Worldwide Dollar Government Term Trust Inc.
Western Asset Municipal Partners Fund Inc.
Western Asset Municipal Partners Fund II Inc.
Western Asset Variable Rate Strategic Fund Inc.




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