-----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, CWdg545jwVpQ96jQZ0QCnNGdtIXwFHQsWKC5c+0sWuj10LG+LlNoBrdoFd6TnjD8 yY7fmX0ETxDWeQWkWu+QCQ== 0000914851-07-000359.txt : 20071030 0000914851-07-000359.hdr.sgml : 20071030 20071030165137 ACCESSION NUMBER: 0000914851-07-000359 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20070831 FILED AS OF DATE: 20071030 DATE AS OF CHANGE: 20071030 EFFECTIVENESS DATE: 20071030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN ASSET GLOBAL PARTNERS INCOME FUND INC. CENTRAL INDEX KEY: 0000911638 IRS NUMBER: 313731196 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-07994 FILM NUMBER: 071200162 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 GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 20030502 FORMER COMPANY: FORMER CONFORMED NAME: GLOBAL PARTNERS INCOME FUND INC DATE OF NAME CHANGE: 19930907 NSAR-B 1 n4u6answer.fil PAGE 1 000 B000000 08/31/2007 000 C000000 911638 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 WA GLOBAL PARTNERS INCOME FUND INC. 001 B000000 811-7994 001 C000000 8004512010 002 A000000 125 BROAD STREET 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O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI MUTUAL INSURANCE COMPANY 080 C000000 100000 081 A000000 Y 081 B000000 133 082 A000000 Y 082 B000000 250 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 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 COMMON STOCK 087 A020000 95766G108 087 A030000 GDF 088 A000000 N 088 B000000 N 088 C000000 Y 088 D000000 N SIGNATURE KAPREL OZSOLAK TITLE TREASURER EX-99.77B ACCT LTTR 2 item77b.txt Report of Independent Registered Public Accounting Firm The Board of Directors Western Asset Global Partners Income Fund Inc.: In planning and performing our audit of the financial statements of Western Asset Global Partners Income Fund Inc. (formerly Salomon Brothers Global Partners Income Fund Inc.) as of and for the year ended August 31, 2007, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion. Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the fund's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund's annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund's internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness as defined above as of August 31, 2007. This report is intended solely for the information and use of management and the Board of Western Asset Global Partners Income Fund Inc. and Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. \s\ KPMG LLP New York, New York October 25, 2007 EX-99.77D POLICIES 3 item77di.txt 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 management's 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 Fund's 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 Fund's 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 Asset's 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 EX-99.77D POLICIES 4 item77dii.txt 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 Fund's benchmark index had been the Lehman Brothers US Aggregate Index. Western Asset Variable Rate Strategic Fund Inc. (NYSE: GFY) announced a change to the Fund's benchmark index to the Merrill Lynch Constant Maturity 3-Month LIBOR Index. Previously, the Fund's 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 EX-99.77Q1 OTHR EXHB 5 item77q1custodyagreement.txt 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. -----END PRIVACY-ENHANCED MESSAGE-----