0000357235-07-000237 Sample Contracts

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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 and Expense Cap Agreement Ladies and Gentlemen: Legg Mason Fund Adviser, Inc. ("LMFA") hereby...
Waiver and Expense Cap Agreement • April 25th, 2007 • 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, 2008, 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.

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