0001193125-06-261171 Sample Contracts

SUBADVISORY AGREEMENT

Subadvisory Agreement • December 29th, 2006 • Legg Mason Partners Variable Portfolios III, Inc. • New York

• Contract Type
  Subadvisory Agreement
• Filed
  December 29th, 2006
• Company
  Legg Mason Partners Variable Portfolios III, Inc.
• 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 CAM North America LLC, a Delaware limited liability company (the “Subadviser”).

MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC

Management Agreement • December 29th, 2006 • Legg Mason Partners Variable Portfolios III, Inc. • New York

• Contract Type
  Management Agreement
• Filed
  December 29th, 2006
• Company
  Legg Mason Partners Variable Portfolios III, Inc.
• Jurisdiction
  New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of July, 2006, by and between Legg Mason Partners Variable Portfolios III, Inc. (the “Corporation”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).