| BLOOMBERG VIDEO REPLAY AUGUST 14, 2007 BRIAN ANGERAME "ON THE MARKETS" |
| All information in the attached video replay has been compiled and prepared by Bloomberg. As a result, neither Legg Mason, Inc, nor ClearBridge Advisors can guarantee the accuracy or completeness of any statements set forth in the video replay. Views expressed are not intended to be a forecast of future events, a guarantee of future results or investment advice. Predictions are inherently limited and should not be relied upon as an indication of actual or future performance. All information and opinions expressed herein were current at the time of this televised recording and are subject to change without notice. |
| Legg Mason Partners Mid Cap Core Fund |
| Investment Risks: |
| All investments involve risk, including possible loss of principal. Mid-cap stocks may be more volatile than large-cap stocks. Additionally, the Fund's performance may be influenced by political, social and economic factors affecting investments in companies in foreign countries. The Fund may use derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses, and have a potentially large impact on Fund performance. |
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The portfolio holdings illustrate examples of the types of securities in which the Fund invested may not be representative of the Fund's current or future investments. Top ten equity holdings as of 6/30/07: Donnelley & Sons Co RR 2.8%, L 3 Communications Holding Corp 2.6%, Pediatrix Medical Group 2.5%, Diamond Offshore Drilling Inc. 2.4%, Cytec Industrials Inc 2.1%, Business Objects SA 2.1%, Newfield Exploration Co 2.1%, Agco Corp 2.1%, LCA Vision Inc 2.1%, Comverse Technology Inc 2.1%. Number of issues: 58. |
| The Fund's top five sector allocations as of 6/30/07 were Information Technology 17.8%, Financials 17.3%, Industrials 14.5%, Consumer Discretionary 12.5%, Health Care 12.0%. |
| Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about a fund. To obtain a free prospectus on any Legg Mason Partners Fund, please call your financial professional or visit www.leggmason.com/investorservices. Please read the prospectus carefully before investing. |
| ClearBridge Advisors is a business unit of Legg Mason, Inc. comprised of investment advisers including ClearBridge Advisors, LLC, ClearBridge Asset Management Inc and other affiliated advisory entities. |
| ClearBridge Advisors, LLC, ClearBridge Asset Management Inc and Legg Mason Investor Services, LLC are subsidiaries of Legg Mason, Inc. ©2007 Legg Mason Investor Services, LLC, Member FINRA, SIPC. 09/07 #03-0907 |
| INVESTMENT PRODUCTS: NOT FDIC INSURED - NO BANK GUARANTEE - MAY LOSE VALUE |