0001193125-07-017404 Sample Contracts

MANAGEMENT AGREEMENT Legg Mason Capital Management, Inc.
Management Agreement • January 31st, 2007 • Legg Mason Partners Investment Funds, Inc. • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this 2nd day of February, 2007, by and between Legg Mason Partners Investment Funds, Inc. (the “Corporation”), a Maryland corporation, and Legg Mason Capital Management Inc., a Maryland corporation (the “Manager”).

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SUB-ADMINISTRATION AGREEMENT
Sub-Administration Agreement • January 31st, 2007 • Legg Mason Partners Investment Funds, Inc. • New York

This SUB-ADMINISTRATION AGREEMENT (“Agreement”) is made this 2nd day of February, 2007, by and between Legg Mason Capital Management Inc., a Maryland corporation (the “Manager”), and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Sub-Administrator”).

FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
Fee Waiver and Expense Reimbursement Agreement • January 31st, 2007 • Legg Mason Partners Investment Funds, Inc.

AGREEMENT, effective as of February 2, 2007, by and among Legg Mason Partners Investment Funds, Inc., a Maryland corporation (the “Corporation”), on behalf of its Legg Mason Partners All Cap Fund series (formerly Legg Mason Partners Multiple Discipline Funds All Cap Growth and Value) (the “Fund”), and its successors and Legg Mason Capital Management, LLC, a Delaware limited liability company (“LMCM”).

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