-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FmT47PKoK7NwxfEnHPataoTnNIpNl/hcpY4CK1aSu02K0OZAtDFXzQeCHf7DmMuH
 YxbOBSPCXLL9gO37jGM58Q==

<SEC-DOCUMENT>0000914851-07-000300.txt : 20070828
<SEC-HEADER>0000914851-07-000300.hdr.sgml : 20070828
<ACCEPTANCE-DATETIME>20070828124839
ACCESSION NUMBER:		0000914851-07-000300
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20070828
DATE AS OF CHANGE:		20070828
EFFECTIVENESS DATE:		20070828

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WESTERN ASSET INTERMEDIATE MUNI FUND INC.
		CENTRAL INDEX KEY:			0000882300
		IRS NUMBER:				133643581
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06506
		FILM NUMBER:		071082993

	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:	INTERMEDIATE MUNI FUND INC
		DATE OF NAME CHANGE:	20020219

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY INTERMEDIATE MUNICIPAL FUND INC
		DATE OF NAME CHANGE:	19920909

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY INTERMEDIATE QUALITY MUNICIPAL FUND INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>n4h6answer.fil
<TEXT>
<PAGE>      PAGE  1
000 A000000 06/30/2007
000 C000000 882300
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 WESTERN ASSET INTERMEDIATE MUNI FUND INC.
001 B000000 811-6506
001 C000000 8004512010
002 A000000 125 BROAD STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10004
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 LEGG MASON PARTNERS FUND ADVISOR, LLC
008 B000001 A
008 C000001 801-66785
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
008 A000002 WESTERN ASSET MANAGEMENT COMPANY
008 B000002 S
008 C000002 801-08162
008 D010002 PASADENA
008 D020002 CA
008 D030002 91105
011 A000001 LEGG MASON INVESTOR SERVICES, LLC
011 B000001 8-016767
011 C010001 BALTIMORE
011 C020001 MD
011 C030001 21202
011 A000002 CITIGROUP GLOBAL MARKETS INC.
011 B000002 8-8177
011 C010002 NEW YORK
011 C020002 NY
011 C030002 10013
012 A000001 AMERICAN STOCK TRANSFER & TRUST COMPANY
012 B000001 84-000416
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10038
013 A000001 KPMG LLP
<PAGE>      PAGE  2
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
014 A000001 LEGG MASON INVESTOR SERVICES, LLC
014 B000001 8-016767
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  134
019 C000000 LMPARTNERS
021  000000        0
022 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000001 13-5674085
022 C000001     12052
022 D000001      5526
022 A000002 JPMORGAN CHASE & CO.
022 B000002 13-3224016
022 C000002      4400
022 D000002      7368
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003      3400
022 D000003      4291
022 A000004 UBS SECURITIES LLC
022 B000004 13-3873456
022 C000004       700
022 D000004      2600
022 A000005 BEAR STEARNS SECURITIES CORP.
022 B000005 13-3604093
022 C000005      3299
022 D000005         0
022 A000006 PERSHING LLC
022 B000006 13-2741729
022 C000006         0
022 D000006      3181
022 A000007 MORGAN STANLEY
022 B000007 13-2655998
022 C000007       700
022 D000007      1000
022 A000008 PIPER JAFFRAY & CO.
022 B000008 41-0953246
022 C000008      1090
022 D000008         0
022 A000009 GOLDMAN SACHS & CO.
022 B000009 13-5108880
022 C000009      1081
<PAGE>      PAGE  3
022 D000009         0
023 C000000      26722
023 D000000      23967
024  000000 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
<PAGE>      PAGE  4
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.550
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
<PAGE>      PAGE  5
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 Y
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   2.7
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000  97.3
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 10.0
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
<PAGE>      PAGE  6
070 E010000 Y
070 E020000 Y
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     17522
071 B000000     18754
071 C000000    180844
071 D000000   10
072 A000000  6
072 B000000     4530
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000      508
072 G000000        0
072 H000000        0
072 I000000       12
072 J000000        3
072 K000000        0
072 L000000       29
072 M000000       10
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       16
072 S000000       17
<PAGE>      PAGE  7
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       71
072 X000000      666
072 Y000000        0
072 Z000000     3864
072AA000000      790
072BB000000        0
072CC010000        0
072CC020000     3300
072DD010000     2947
072DD020000        0
072EE000000        0
073 A010000   0.2100
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000     4800
074 D000000   176039
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000      730
074 K000000        0
074 L000000     2989
074 M000000       36
074 N000000   184594
074 O000000        0
074 P000000      104
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000       77
074 S000000    50000
074 T000000   134413
074 U010000    14033
074 U020000        0
074 V010000     9.58
074 V020000     0.00
074 W000000   0.0000
074 X000000     4765
074 Y000000    20440
075 A000000        0
075 B000000   179018
076  000000     8.95
<PAGE>      PAGE  8
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 WESTERN  ASSET INTERMEDIATE MUNI FUND INC.
087 A020000 958435109
087 A030000 SBI
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 Y
SIGNATURE   KAPREL OZSOLAK
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>vote77c.txt
<TEXT>
Western Asset Intermediate Muni Fund Inc.

Results of Annual Meeting of Shareholders

The Annual Meeting of Shareholders of Western Asset Intermediate
Muni Fund Inc. was held on April 27, 2007, for the purpose of
considering and voting upon the election of Directors. The following
table provides information concerning the matter voted upon at the
meeting:


	     	     		  		    Common Shares   Preferred
	     	   Common Shares  Preferred Shares  Votes 	    Shares Votes
Nominees	   Votes For	  Votes For	    Withheld        Against
Carol L. Colman	   N/A	     	  1,973	     	    N/A		    4
Paolo M. Cucchi    12,837,701	  1,973	     	    554,224	    4
Leslie H Gelb      12,804,204	  1,973   	    587,731	    4


At June 30, 2007, in addition to Carol L. Colman, Paolo M. Cucchi and
Leslie H. Gelb, the other Directors of the Fund were as follows:
	Daniel P. Cronin
	R. Jay Gerken
	William R. Hutchinson
	Dr. Riordan Roett
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>3
<FILENAME>custodyagreement77q1.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
Restructuring
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
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
Legg Mason Partners
Equity Trust
Legg Mason Partners
Lifestyle Allocation
85%
4/13/07

Legg Mason Partners
Lifestyle Allocation
100%
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
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
Restructuring
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)
Restructuring
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
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
Legg Mason Partners
Income Trust
Legg Mason Partners
Core Bond Fund
4/13/07
Smith Barney
Institutional Cash
Management Fund Inc.
Cash Portfolio
Restructuring
Legg Mason Partners
Institutional Trust
Western Asset
Institutional Money
Market Fund
4/13/07

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

Municipal Portfolio
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
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
Restructuring
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
Restructuring
Legg Mason Partners
Income Trust
Legg Mason Partners
Massachusetts
Municipals Fund
4/13/07
Smith Barney Money
Funds, Inc.
Cash Portfolio
Restructuring
Legg Mason Partners
Money Market Trust
Western Asset Money
Market Fund
4/13/07

Government Portfolio
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
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
Restructuring
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)
Restructuring
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
Restructuring
Legg Mason Partners
Money Market Trust
Western Asset
Massachusetts
Municipal Money
Market Fund
4/13/07

New York Money Market
Portfolio
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
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
Restructuring
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)
Restructuring
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
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
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
Restructuring
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
Restructuring
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)
Restructuring
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)
Combination

(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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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)
Restructuring
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
Restructuring
Master Portfolio Trust
Liquid Reserves
Portfolio
4/13/07
Tax Free Reserves
Portfolio
n/a
Restructuring
Master Portfolio Trust
Tax Free Reserves
Portfolio
4/13/07
U.S. Treasury Reserves
Portfolio
n/a
Restructuring
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)
Restructuring
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
Restructuring
n/a
n/a
n/a

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

Legg Mason Partners
Diversified Large Cap
Growth Fund (f/k/a
Smith Barney
Diversified Large Cap
Growth Fund)
Restructuring
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)
Restructuring
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)
Restructuring
Legg Mason Partners
Income Trust
Legg Mason Partners
Short Duration
Municipal Income Fund
4/13/07
CitiFunds Trust III
Citi Cash Reserves
Restructuring
Legg Mason Partners
Money Market Trust
Citi Cash Reserves
4/13/07

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

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

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

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

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

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

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

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

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

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

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

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

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






CitiFunds Premium
Trust

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

Citi Premium U.S.
Treasury Reserves
Restructuring
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
Restructuring
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
Restructuring
Master Portfolio Trust
SMASh Series M
Portfolio
4/13/07

SMASh Series C
Portfolio
Restructuring
Master Portfolio Trust
SMASh Series C
Portfolio
4/13/07

SMASh Series EC
Portfolio
Restructuring
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.




BUSDOCS/1630853.10
Draft 3/14/07

BUSDOCS/1630853.5
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>invpolicies77q1.txt
<TEXT>
Changes to Investment Policies Relating to Investments in
Derivative Instruments Announced

NEW YORK - (BUSINESS WIRE) - May 23, 2007
Western Asset 2008 Worldwide Dollar Government Term Trust
Inc. (NYSE: SBG), Western Asset High Income Fund Inc. (NYSE:
HIF), Western Asset High Income Opportunity Fund Inc. (NYSE:
HIO), Western Asset Intermediate Muni Fund Inc. (AMEX: SBI),
Western Asset Managed High Income Fund Inc. (NYSE: MHY),
Western Asset Managed Municipals Fund Inc. (NYSE: MMU),
Western Asset Municipal High Income Fund Inc. (NYSE: MHF)
and Western Asset Zenix Income Fund Inc. (NYSE:ZIF) today
announced changes, to be effective as of June 1, 2007, to
their non-fundamental investment policies relating to the
Funds' ability to invest in derivative instruments.
Under the Funds' amended investment policies approved by the
Boards of Directors, each Fund may use a variety of
derivative instruments for investment purposes as well as
for hedging or risk-management purposes.  Previously, the
Funds had been limited to the use of derivative instruments
for hedging and risk-management purposes only.
The management of each Fund recommended to the respective
Fund's Board the revised investment policies with regard to
the use of derivatives.  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
("LMPFA"), and Western Asset Management Company, the Funds'
subadviser ("Western Asset"), greater flexibility in making
investment decisions, after considering the best interests
of the Funds' shareholders based upon management's advice
that the additional ability to use derivatives for investing
as well as hedging purposes will allow LMPFA and Western
Asset greater flexibility and opportunity to seek to achieve
each Fund's investment objectives.  Examples of derivative
instruments that the Funds may use include futures
contracts, credit default swaps, credit default swap index
securities, swap agreements and options on those
instruments.
Management believes that Western Asset has extensive
resources and capabilities involving derivatives.  However,
shareholders and potential investors should consider that
derivatives are financial instruments the value of which
depends upon, or is derived from, the value of something
else, such as one or more underlying investments, indexes or
currencies.  Derivatives may be traded on organized
exchanges or in individually negotiated transactions with
other parties (these are known as "over the counter"
derivatives).  Investors should note that derivatives can be
illiquid, may disproportionately increase losses and could
have a potentially large impact on Fund performance.
Western Asset will not use derivatives for the purpose of
leverage but will rather maintain segregated accounts to
cover the Funds' obligations relating to the purchase of
derivatives or otherwise comply with the Funds' investment
restrictions regarding leverage in connection with such
investments.
The successful use of derivatives requires sophisticated
management, and, to the extent that derivatives are used, a
Fund will depend on Western Asset's ability to analyze and
manage derivatives transactions.  The prices of derivatives
may move in unexpected ways, especially in abnormal market
conditions. Some derivatives are "leveraged" and therefore
may magnify or otherwise increase investment losses to a
Fund.  A Fund's use of derivatives may also increase the
amount of taxes payable by shareholders.
Each Fund's use of derivative instruments involves risks
different from, or possibly greater than, the risks
associated with investment directly in securities and other
more traditional investments.  A Fund's ability to pursue
certain of these strategies may be limited by applicable
regulations of the Commodity Futures Trading Commission
("CFTC") and the federal income tax requirements applicable
to regulated investment companies.
As part of its strategies, each Fund may purchase and sell
futures contracts, purchase and sell (or write) exchange-
listed and over-the-counter put and call options on
securities, financial indices and futures contracts, enter
into interest rate and currency transactions and enter into
other similar transactions which may be developed in the
future to the extent Western Asset determines that they are
consistent with the Fund's investment objectives and
policies and applicable regulatory requirements
(collectively, "derivative transactions").  Each Fund may
use any or all of these techniques at any time, and the use
of any particular derivative transaction will depend on
market conditions.
Derivative transactions present certain risks.  In
particular, the variable degree of correlation between price
movements of instruments a Fund has purchased or sold and
price movements in the position being hedged creates the
possibility that losses on the hedge may be greater than
gains in the value of the Fund's position.  In addition,
certain derivative instruments and markets may not be liquid
in all circumstances.  As a result, in volatile markets, a
Fund may not be able to close out a transaction without
incurring losses substantially greater than the initial
deposit.  Although the contemplated use of these instruments
should tend to minimize the risk of loss due to a decline in
the value of the hedged position, at the same time they may
tend to limit any potential gain which might result from an
increase in the value of such position.
Successful use of derivative transactions by a Fund is, in
part, subject to the ability of Western Asset to predict
correctly factors affecting markets for securities, such as
interest rates and credit ratings.  These skills are
different from those needed to select portfolio securities.
If Western Asset's expectations are not met, a Fund would be
in a worse position than if a derivative transaction had not
been pursued.  For example, if a Fund hedged against the
possibility of an increase in interest rates which would
adversely affect the price of securities in its portfolio
and the price of such securities increased instead, the Fund
would lose part or all of the benefit of the increased value
of its securities because it would have offsetting losses in
its futures positions.  Losses due to derivative
transactions will reduce net asset value.
Derivatives are also subject to a number of additional risks
such as liquidity risk, interest rate risk, credit risk,
leveraging risk and management risk.  Although derivative
instruments are usually as liquid, or more liquid than cash
instruments, there can be no assurance that such liquidity
would prevail in all market conditions.  They also involve
the risk of mispricing or improper valuation and the risk
that changes in the value of a derivative may not correlate
perfectly with an underlying asset, interest rate or index.
Suitable derivative transactions may not be available in all
circumstances and there can be no assurance that a Fund will
engage in these transactions to reduce exposure to other
risks when that would be beneficial.  If a Fund invests in a
derivative instrument, it could lose more than the principal
amount invested.  Also, suitable derivative transactions may
not be available in all circumstances and there can be no
assurance that a Fund will engage in these transactions to
reduce exposure to other risks when that would be
beneficial.  Although the use of derivatives may decrease
the amount of taxes payable by shareholders, the use of
derivatives may also increase that amount.  In addition to
the risks applicable to derivatives generally, credit
default swaps involve special risks because they are
difficult to value, are highly susceptible to liquidity and
credit risk and generally pay a return to the party that has
paid the premium only in the event of an actual default by
the issuer of the underlying obligation (as opposed to a
credit downgrade or other indication of financial
difficulty).
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: HIF; HIO; MHF; MHY; MMU; SBG; ZIF;  AMEX:
SBI

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


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
