Legg Mason Partners Variable Money Market Portfolio

Investment Objective

The Portfolio seeks to maximize current income consistent with preservation of capital. The Portfolio seeks to maintain a stable $1 share price.

Investment Management

Managed by Western Asset

  • Best known as an active fixed-income manager offering products spanning the yield curve and the globe.
  • Founded in 1971, the Firm's philosophy centers upon a team approach that unites groups of specialists dedicated to different market sectors.
Full Holdings (Unaudited)  As of JUL-31-2008
Holding% of Portfolio
DANSKE CORPORATION -- DNSKEC CP 2.07
Bank of Nova Scotia 1.73
HSBC BANK USA NA 1.73
WELLS FARGO BANK, 2.4300% Mat 08/15/2008 1.73
Rabobank Nederland NY 1.73
Deutsche Bank AG NY 1.73
Swedish Export Credt 1.72
JPMorgan Chase & Co 1.71
Fortis Bank New York 1.21
Lloyds Bank PLC 1.21
ING (US) FUNDING LLC 1.03
ING (US) Funding LLC 0.95
GOVERNOR & CO.OF BNK 0.89
ABN AMRO Bank NV Chica 0.86
Dexia Credit Local SA 0.86
Lloyds Bank PLC NY Brn 0.86
ALLIED IRISH BANKS 0.86
ALLIED IRISH BANKS 0.86
BANCO BILBAO VIZCAYA 0.86
Bank of Scotland PLC Treasury Div 0.86
BNK OF TKYO-MTBSHI L 0.86
BNK OF TKYO-MTBSHI L 0.86
WELLS FARGO BANK NA 0.86
TORONTO-DOMINION 0.86
TORONTO-DOMINION 0.86
ISTITUTO BANCARIO SA 0.86
DRESDNER BANK AG NY 0.86
DEXIA BANK -- DEXCNY YCD 0.86
CALYON NY BRANCH 0.86
CALYON NY BRANCH 0.86
Calyon NY Branch 0.86
BARCLAYS BANK PLC 0.86
BANK SCOTLAND PLC TREAS DIV 0.86
Banco Bilbao Vizcaya 0.86
SVENSKA HANDLSBNKN A 0.86
ROYAL BK OF SCOTLAND 0.86
ROYAL BANK OF CANADA NY -- RY YCD 0.86
BNP Paribas NY Banch 0.86
AMER EXP BANK FSB 0.86
Banco Santander 0.86
SOCIETE GEN NO AMER 0.86
BANKAMERICA CORP 0.86
BANKAMERICA CORP 0.86
MORGAN J.P. CHASE & 0.86
NATIXIS 0.86
SAN PAOLO IMI US FINL CO -- PAOLO CP 0.86
ROYAL BANK OF SCOTLAND PLC 0.86
DANSKE CORP. 0.86
GOVERNOR & CO.OF BNK 0.86
UNICREDITO ITA BK IRE 0.86
AUST & NEW ZEA 0.86
DEPFA BANK PLC -- DEPFBK CP 0.86
CBA (De) Finance Inc 0.86
CBA (DE) FINANCE INC 0.86
NORDEA NORTH AMER. I 0.86
FEDERAL NATL MTG ASSN DISC NTS 0.86
FRE DISCOUNT NT, 0.0000% Mat 10/14/2008 0.86
GENERAL ELEC CAPT CO 0.86
BNZ INTNL FDG LTD 0.86
TOYOTA MOTOR CREDIT 0.86
AUST & NEW ZEA 0.86
WESTPAC BANKING CORP. 0.86
FRE DISCOUNT NT, 0.0000% Mat 12/29/2008 0.85
SKANDIN ENS BANKEN AG 0.85
BNZ INTNL FDG LTD 0.85
FANNIE DISCOUNT NOTE, 0.0000% Mat 01/28/2009 0.85
CREDIT SUISSE NY 0.85
ROYAL BK OF CANADA 0.69
SVENSKA HANDLSBN S 0.69
SWEDBANK 0.69
SAN PAOLO US FINANCI 0.69
SKANDIN ENS BANKEN AG 0.69
GOVERNOR & CO.OF BNK 0.69
KREDIETBANK NO. AMER 0.61
UNICREDITO ITA BK IRE 0.55
BANK AMER N A CHARLOTTE N C SH 0.52
UNICREDITO ITALIANO SP 0.52
KBC BANK N.V. 0.52
BANCO BILBAO VIZCAYA 0.52
BANCO SANTANDER 0.52
Natixis NY 0.52
BNP PARIBAS NY BANCH 0.52
BNP Paribas NY Banch 0.52
SOCIETE GENERALE NY 0.52
ROYAL BK OF CANADA 0.52
ROYAL BK OF CANADA 0.52
DEXIA CREDIT LOCAL S.A 0.52
DEUTSCHE BANK AG NY 0.52
DEPFA BANK PLC 0.52
BARCLAYS BANK PLC -- BACR YCD 0.52
BARCLAYS BANK PLC 0.52
BNK OF TKYO-MTBSHI L 0.52
BNK OF TKYO-MTBSHI L 0.52
BANK OF MONTREAL- 0.52
SVENSKA HANDLSBNKN A 0.52
NATEXIS BANQ POPULAIR NY -- NATXNY YCD 0.52
BANK OF AMERICA N/A 0.52
BNP PARIBAS NY BANCH 0.52
FORTIS BANK NEW YORK 0.52
RABOBANK NEDERLAND N Y 0.52
GENERAL ELEC CAPT CO 0.52
SOCIETE GEN NO AMER 0.52
MORGAN J.P. CHASE & 0.52
BANK OF NOVA SCOTIA 0.52
SWEDBANK 0.52
KREDIETBANK NO. AMER 0.52
UBS FINANCE (DELW) 0.52
BNZ INTNL FDG LTD 0.52
AUST & NEW ZEA 0.52
SKANDIN ENS BANKEN AG 0.52
CBA (DE) FINANCE INC 0.51
BANK SCOTLAND PLC TREAS DIV 0.35
NORDEA BANK FLD PLC 0.35
TORONTO-DOMINION 0.35
BANCO BILBAO VIZCAYA 0.35
AMER EXP BANK FSB 0.35
BNP PARIBAS NY BANCH 0.35
DEPFA BANK PLC 0.35
FORTIS BANK NEW YORK 0.35
Calyon Grand Cayman 0.35
RBS Finan Mtk FX Income London 0.35
TORONTO-DOMINION 0.35
TORONTO-DOMINION 0.35
TORONTO-DOMINION 0.35
SOCIETE GENERALE NY 0.35
BARCLAYS BANK PLC 0.35
BANK OF MONTREAL- 0.35
BNZ INTNL FDG LTD 0.35
ALLIED IRISH BANKS NA 0.34
SWEDBANK 0.34
GENERAL ELEC CAP CORP -- GECC CP 0.34
SWEDBANK 0.34
SWEDBANK 0.34
ING (US) FUNDING LLC 0.34
SOCIETE GEN NO AMER 0.34
SKANDIN ENS BANKEN AG 0.34
ING (US) FUNDING LLC 0.34
WACHOVIA BANK N.A. 0.26
SOCIETE GEN NO AMER 0.20
INTESA FUNDING LLC 0.18
ROYAL BK OF CANADA 0.17
UNICREDITO ITALIANO SP 0.17
UBS AG STAMFORD BRANCH 0.17
US Dollar 0.00


An Investment in a money market fund is neither insured nor guaranteed by the FDIC or any other government agency. Although the portfolio seeks to preserve the value of your investment at one dollar per share, it is possible to lose money by investing in the portfolio.

These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59½ are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.

Portfolio holdings are subject to change at any time without notice. This information is provided for information purposes only and should not be construed as a recommendation to purchase or sell any security.

There is no guarantee the investment objectives will be met.

All investment managers and Legg Mason Investor Services, LLC are subsidiaries of Legg Mason, Inc.

This site is intended for U.S. investors only. The products and services described on this site are generally not available to non-U.S. investors.


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