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Conferences
Visit us at the following conferences to learn
more about Legg Mason's Institutional Funds:

FPA of Miami Dade Conference
Miami, FL
May 20, 2008

FPA of NorCal Conference
San Francisco, CA
May 27-28, 2008

Morningstar Conference
Chicago, IL
June 25-27, 2008

NAPFA West Conference
Denver, CO
September 3-6, 2008

Schwab IMPACT Conference
Atlanta, GA
September 23-26, 2008

FPA of Minnesota Conference
Minneapolis, MN
October 20-21, 2008

NAPFA NE Conference
Hershey, PA
November 11-14, 2008
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Investors should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. To obtain a free prospectus, click here or call 1-888-425-6432. Please read the prospectus carefully before investing.

All investments involve risk, including possible loss of principal.

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