Western Asset

Money Market Brochure | Product Information | About Western Asset

LIQUIDITY EXPERTISE Western Asset provides a wide range of liquidity and enhanced liquidity strategies to institutional investors worldwide. With over $147 billion* in liquidity assets under management, Western Asset has the breadth and depth of resources to offer liquidity investment solutions to our clients.   DISCIPLINED INVESTMENT PROCESS Western Asset's liquidity strategies are actively team-managed and employ a top-down economic interest rate outlook, combined with a bottom-up security selection process. We seek to provide our liquidity clients with a high level of current income consistent with preservation of capital.   WHY WESTERN ASSET? Since its inception in 1971, Western Asset has dedicated all of its resources to managing fixed income portfolios. A significant portion of these resources is committed to the management of Liquidity and Short Term portfolios. Regardless of the size of your mandate or specific investment guidelines, we believe Western Asset has an investment strategy for your needs.   Some compelling distinctions of Western Asset include: • 44% of the Fortune 100 Companies are clients • Money Market Funds for both U.S. and Non-U.S. Investors • Money Market Funds rated AAAm/Aaa by Standard & Poors† and Moodys • NAIC approved money funds • Taxable and Tax-Exempt Funds • Late Day Subscriptions and Redemptions • Cash Management Specialists with industry expertise and a consultative approach to liquidity management For larger mandates requiring greater flexibility, a separately managed account or specially tailored mutual fund may be of interest. For more information on Western Asset's liquidity management capabilities, please contact one of the Western Asset Client Service Executives below. Ratings do not remove market risk                   UNITED STATES Veronica Amici (626) 844-9535   ronnie.amici@westernasset.com John Bonczek (212) 601-6183   john.bonczek@westernasset.com Colleen Cavanaugh (212) 601-6181   colleen.cavanaugh@westernasset.com Jeff Gibson (626) 844-9567   jeff.gibson@westernasset.com Zachary Green (212) 601-6204   zachary.green@westernasset.com Ivo Iliev (212) 601-6190   ivo.iliev@westernasset.com Gary Slavin (626) 844-9584   gary.slavin@westernasset.com Carol Quillen (212) 601-6189   carol.quillen@westernasset.com Ivy Wong (626) 844-9577   ivy.wong@westernasset.com LATIN AMERICA Marzo Bernardi 55 11 5503 3361   marzo.bernardi@westernasset.com Alfredo Rios (212) 601-6213   alfredo.rios@westernasset.com Roberto Inda (212) 601-6207   roberto.inda@westernasset.com

* Assets under management by Western Asset and its supervised affiliates. As of March 31, 2010.

† Please refer to the rating disclosure on page two. This document is for informational purposes only and should not be construed as a solicitation of any offer to sell the products mentioned in it.

All investments involve risk, including possible loss of principal.

Prior to May 31, 2010, certain funds were branded "Western Asset / Citi". "Citi" is a registered service mark owned by Citigroup, and is used under license. Legg Mason and its affiliates, as well as the Fund's investment advisor, are not affiliated with Citigroup. Investments in the Funds referenced herein are not bank deposits or obligations of Citibank.

Legg Mason Partners Fund Advisor, LLC is the investment manager and Western Asset Management Company is the subadviser of these funds.

Legg Mason Investor Services, LLC, Legg Mason Partners Fund Advisor LLC and Western Asset Management Company are subsidiaries of Legg Mason Inc.