MORGAN, LEWIS & BOCKIUS LLP
ONE FEDERAL STREET
BOSTON, MASSACHUSETTS 02110
June 16, 2017
VIA EDGAR
Securities and Exchange Commission
Division of Investment Management
100 F Street, NE
Washington, D.C. 20549
Re: | Legg Mason Partners Institutional Trust (File Nos. 333-218068) |
Registration Statement on Form N-14
Ladies and Gentlemen:
This letter is to respond to a comment we received from Mr. Ken Ellington of the Staff of the Division of Investment Management of the Securities and Exchange Commission (the Commission) on June 16, 2017 in connection with the response filed on June 15, 2017 to the Staffs comment regarding the information statement/registration statement on Form N-14 (the Registration Statement) filed by Legg Mason Partners Institutional Trust (the Registrant) in connection with the reorganization of Western Asset Institutional Cash Reserves into Western Asset Institutional Liquid Reserves. Following is the Staffs comment and the Registrants response thereto:
1. Comment: | The Staff requested that the fee table be revised to reflect each Funds allocable share of the gross expenses of Liquid Reserves Portfolio, the master fund in which each Fund invests all of its investable assets, consistent with the presentation in the financial highlights, and that corresponding adjustments be made to the expense example. | |
Response: | The Registrant will revise the fee table and expense example as requested by the Staff. |
Please call the undersigned at (617) 951-8458 or Barry Hurwitz at (617) 951-8267 with any questions.
Sincerely, |
/s/ Jeremy Kantrowitz |
Jeremy Kantrowitz |