GFY - Western Asset Variable Rate Strategic Fund Inc.

RECENT DISTRIBUTIONS
RECORD DATEEX-DISTRIBUTION DATEPAYABLE DATEDISTRIBUTION PER SHARE
02/19/201002/17/201002/26/20100.056
01/22/201001/20/201001/29/20100.056
12/18/200912/16/200912/28/20090.056
11/20/200911/18/200911/27/20090.056
10/23/200910/21/200910/30/20090.056
09/18/200909/16/200909/25/20090.0560
08/21/200908/19/200908/28/20090.056
07/24/200907/22/200907/31/20090.056
06/19/200906/17/200906/26/20090.056
05/22/200905/20/200905/29/20090.056
04/17/200904/15/200904/24/20090.056
03/20/200903/18/200903/27/20090.066

The Funds are not sold or distributed by Legg Mason Investor Services, LLC ("LMIS") or any affiliate of Legg Mason, Inc. Shares of the funds are bought and sold through non-affiliated broker/dealers and trade on the NYSE/NYSE Alternext.

Distributions paid by the Fund may be comprised of income, capital gains, and/or return of capital. At year-end the Fund will issue a Form 1099 with the final composition of the distribution for tax purposes. A current estimate of the distribution's composition can be found in the most recent distribution press release and/or Section 19 notice located in the press release section of the website.

Legg Mason, Inc., its affiliates and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

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