0000357235-06-000298 Sample Contracts

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FORM OF FEE WAIVER AND EXPENSE CAP AGREEMENT Legg Mason Income Trust, Inc. 100 Light Street Baltimore, Maryland 21202 Re: Legg Mason Core Bond Fund - Fee Waiver/Expense Agreement Ladies and Gentlemen: Legg Mason Fund Adviser, Inc. ("LMFA") hereby...
Expense Cap Agreement • April 27th, 2006 • Legg Mason Income Trust Inc

Legg Mason Fund Adviser, Inc. ("LMFA") hereby agrees that it or an affiliate will waive its compensation and, to the extent necessary, bear other expenses through April 30, 2007, to the extent that expenses of the Legg Mason Core Bond Fund of Legg Mason Income Trust, Inc. (the "Fund") (exclusive of interest, taxes, brokerage commissions, and extraordinary expenses) would exceed an annual rate of 1.00% for Primary Class.

FORM OF FEE WAIVER AND EXPENSE CAP AGREEMENT Legg Mason Income Trust, Inc. 100 Light Street Baltimore, Maryland 21202 Re: Legg Mason Limited Duration Bond Portfolio - Fee Waiver/Expense Agreement Ladies and Gentlemen: Legg Mason Fund Adviser, Inc....
Expense Cap Agreement • April 27th, 2006 • Legg Mason Income Trust Inc

Legg Mason Fund Adviser, Inc. ("LMFA") hereby agrees that it or an affiliate will waive its compensation and, to the extent necessary, bear other expenses through April 30, 2007, to the extent that expenses of the Legg Mason Limited Duration Bond Portfolio of Legg Mason Income Trust, Inc. (the "Fund") (exclusive of interest, taxes, brokerage commissions, and extraordinary expenses) would exceed an annual rate of 1.00% for Primary Class and 0.50% for Institutional Class.

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