0001193125-07-127667 Sample Contracts

SUBADVISORY AGREEMENT
Subadvisory Agreement • June 1st, 2007 • Legg Mason Partners Income Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this [ ] day of [ ], 2007, 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”).

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MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • June 1st, 2007 • Legg Mason Partners Income Trust • New York

This MANAGEMENT AGREEMENT (“Agreement”) is made this [ ] day of [ ], 2007, by and between Legg Mason Partners Income Trust (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

SUBADVISORY AGREEMENT
Subadvisory Agreement • June 1st, 2007 • Legg Mason Partners Income Trust • New York

This SUBADVISORY AGREEMENT (“Agreement”) is made this [ ] day of [ ], 2007, by and between Western Asset Management Company, a corporation organized under the laws of California (the “Subadviser”) and Western Asset Management Company Limited, a corporation organized under the laws of England and Wales (“WAML”).

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