497 1 d497.htm LMP EQUITY TRUST -- LMP INCOME TRUST LMP Equity Trust -- LMP Income Trust

LEGG MASON PARTNERS EQUITY TRUST

LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED MARCH 1, 2011

TO SUMMARY PROSPECTUSES, PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION OF THE FUNDS LISTED IN SCHEDULE A

The following information supplements each Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”):

Effective July 1, 2011, Class B shares of the fund will be closed to purchases by new and existing investors. Your Service Agent, however, may no longer offer Class B shares as of an earlier date. Class B shares of the fund will continue to be available for incoming exchanges and for dividend reinvestment. If you currently invest through a systematic investment plan where Class B shares are purchased, or have any other questions concerning Class B shares, please contact your Service Agent for more information.

SCHEDULE A

 

Fund Name

   Summary
Prospectus Date
     Prospectus Date      SAI Date  

Legg Mason Partners Equity Trust

        

Legg Mason Batterymarch Global Equity Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Aggressive Growth Fund

     December 29, 2010         December 29, 2010         December 29, 2010   

Legg Mason ClearBridge Appreciation Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Capital Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Diversified Large Cap Growth Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Dividend Strategy Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Equity Income Builder Fund

     July 1, 2010         April 30, 2010         April 30, 2010   

Legg Mason ClearBridge Fundamental All Cap Value Fund

     January 31, 2011         January 31, 2011         January 31, 2011   

Legg Mason ClearBridge Large Cap Growth Fund

     March 30, 2010         March 30, 2010         March 30, 2010   

Legg Mason ClearBridge Large Cap Value Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Mid Cap Core Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Small Cap Growth Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason ClearBridge Small Cap Value Fund

     January 31, 2011         January 31, 2011         January 31, 2011   

Legg Mason Capital Management All Cap Fund

     August 31, 2010         August 31, 2010         August 31, 2010   

Legg Mason Esemplia Emerging Markets Equity Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason Global Currents International All Cap Opportunity Fund

     February 28, 2011         February 28, 2011         February 28, 2011   

Legg Mason Investment Counsel Financial Services Fund

     July 29, 2010         July 29, 2010         July 29, 2010   

Legg Mason Investment Counsel Social Awareness Fund

     September 9, 2010         May 31, 2010         May 31, 2010   

Legg Mason Lifestyle Allocation 100%

     N/A         May 31, 2010         May 31, 2010   

Legg Mason Lifestyle Allocation 85%

     N/A         May 31, 2010         May 31, 2010   

Legg Mason Lifestyle Allocation 70%

     N/A         May 31, 2010         May 31, 2010   

Legg Mason Lifestyle Allocation 50%

     N/A         May 31, 2010         May 31, 2010   

Legg Mason Lifestyle Allocation 30%

     N/A         May 31, 2010         May 31, 2010   

Legg Mason Partners Income Trust

        

Legg Mason Western Asset California Municipals Fund

     June 28, 2010         June 28, 2010         June 28, 2010   

Legg Mason Western Asset Core Plus Bond Fund

     November 30, 2010         November 30, 2010         November 30, 2010   

Legg Mason Western Asset Core Bond Fund

     November 30, 2010         November 30, 2010         November 30, 2010   

Legg Mason Western Asset Corporate Bond Fund

     August 11, 2010         April 30, 2010         April 30, 2010   

Legg Mason Western Asset Global High Yield Bond Fund

     April 30, 2010         April 30, 2010         April 30, 2010   

Legg Mason Western Asset Government Securities Fund

     July 1, 2010         April 30, 2010         April 30, 2010   

Legg Mason Western Asset High Income Fund

     November 30, 2010         November 30, 2010         November 30, 2010   

Legg Mason Western Asset Managed Municipals Fund

     June 28, 2010         June 28, 2010         June 28, 2010   

Legg Mason Western Asset Massachusetts Municipals Fund

     March 30, 2010         March 30, 2010         March 30, 2010   

Legg Mason Western Asset Municipal High Income Fund

     November 30, 2010         November 30, 2010         November 30, 2010   

Legg Mason Western Asset New Jersey Municipals Fund

     July 29, 2010         July 29, 2010         July 29, 2010   

Legg Mason Western Asset New York Municipals Fund

     July 29, 2010         July 29, 2010         July 29, 2010   

Legg Mason Western Asset Oregon Municipals Fund

     August 31, 2010         August 31, 2010         August 31, 2010   

Legg Mason Western Asset Pennsylvania Municipals Fund

     July 29, 2010         July 29, 2010         July 29, 2010   

Legg Mason Western Asset Strategic Income Fund

     November 30, 2010         November 30, 2010         November 30, 2010   

 

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