0001193125-06-195604 Sample Contracts

SUBADVISORY AGREEMENT

Subadvisory Agreement • September 22nd, 2006 • Legg Mason Partners Municipal Funds • New York

• Contract Type
  Subadvisory Agreement
• Filed
  September 22nd, 2006
• Company
  Legg Mason Partners Municipal Funds
• Jurisdiction
  New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this 1st day of August, 2006, by and between Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”), and Western Asset Management Company, a California corporation (the “Subadviser”).

MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC

Management Agreement • September 22nd, 2006 • Legg Mason Partners Municipal Funds • New York

• Contract Type
  Management Agreement
• Filed
  September 22nd, 2006
• Company
  Legg Mason Partners Municipal Funds
• Jurisdiction
  New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of August, 2006, by and between Legg Mason Partners Municipal Funds (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).