0000898432-06-000777 Sample Contracts

FORM OF DISTRIBUTION AGREEMENT Legg Mason Charles Street Trust, Inc.
Distribution Agreement • September 1st, 2006 • Legg Mason Charles Street Trust Inc • Maryland
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FORM OF MANAGEMENT AGREEMENT LEGG MASON CHARLES STREET TRUST, INC.: GLOBAL OPPORTUNITIES BOND FUND
Management Agreement • September 1st, 2006 • Legg Mason Charles Street Trust Inc
FORM OF FEE WAIVER AGREEMENT
Fee Waiver Agreement • September 1st, 2006 • Legg Mason Charles Street Trust Inc

Legg Mason Fund Adviser, Inc. ("LMFA") hereby agrees that it will waive its compensation (and, to the extent necessary, bear other expenses) through July 31, 2007, to the extent that expenses of the Global Opportunities Bond Fund (the "Fund") (exclusive of taxes, interest, brokerage and extraordinary expenses) would exceed an annual rate of 0.65% for Institutional Class (the "Institutional Class Agreement") and 0.90% for Financial Intermediary Class (the "Financial Intermediary Agreement").

FORM OF INVESTMENT ADVISORY AGREEMENT LEGG MASON CHARLES STREET TRUST, INC.: GLOBAL OPPORTUNITIES BOND FUND
Investment Advisory Agreement • September 1st, 2006 • Legg Mason Charles Street Trust Inc
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