Investment Commentary and Annual Report to ... - Western Asset
Investment Commentary and Annual Report to ... - Western Asset
Investment Commentary and Annual Report to ... - Western Asset
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<strong>Annual</strong> <strong>Report</strong> <strong>to</strong> ShareholdersTrustees <strong>and</strong> OfficersThe Trustees <strong>and</strong> officers of the Fund, their age (as of December 31, 2008) <strong>and</strong> a description of their principal occupationsduring the past five years are listed below. Except as shown, each Trustee’s <strong>and</strong> officer’s principal occupation <strong>and</strong> businessexperience for the last five years has been with the employer(s) indicated, although in some cases the Trustee or officer may haveheld different positions with such employer(s). Unless otherwise indicated, the business address of the persons listed below isc/o <strong>Western</strong> <strong>Asset</strong> Management Company, 385 East Colorado Blvd., Pasadena, California 91101.Name <strong>and</strong> Age(as of December 31, 2008)Independent TrusteesRonald J. Arnault65Anita L. DeFrantz56Avedick B. Poladian57William E. B. Siart62Jaynie Miller Studenmund54Interested TrusteesR. Jay Gerken C57Position(s)Held withFundTrusteeTrusteeTrusteeTrustee <strong>and</strong>ChairmanTrusteeTrustee <strong>and</strong>PresidentTerm ofOffice <strong>and</strong>Length ofTime Served (A)Served since1997Served since1998Served since2007Served since1997Served since2004Served as aDirec<strong>to</strong>r since2006 <strong>and</strong> asPresidentsince 2007Principal OccupationsDuring the Past 5 YearsNumber ofPortfolios InFund ComplexOverseen (B)Retired. 13 NonePresident (1987-present) <strong>and</strong>Direc<strong>to</strong>r (1990-present) of LA84(formerly Amateur AthleticFoundation of Los Angeles);President <strong>and</strong> Direc<strong>to</strong>r of Kids inSports (1994-present); VicePresident, International RowingFederation (1986-present); Memberof the International OlympicCommittee (1986-present).Executive Vice President <strong>and</strong> ChiefOperating Officer of LoweEnterprises, Inc. (real estate <strong>and</strong>hospitality firm) (2002-present);Formerly. Partner, Arthur Andersen,LLP.Vice Chairman of The Getty Trust(2005-present); Chairman of WaltDisney Concert Hall, Inc. (1998-2006); Chairman of ExcellentEducation Development (2000-present).Chief Operating Officer of OvertureServices, Inc. (online marketingfirm) (2001-2004); President <strong>and</strong>Chief Operating Officer ofPaymybills.com (2000-2001).Managing Direc<strong>to</strong>r of Legg Mason &Co., LLC, Chairman, President <strong>and</strong>Chief Executive Officer of certainmutual funds associated with LeggMason & Co., LLC or its affiliates(2005-present); President of LeggMason Partners Fund Advisor, LLC(“LMPFA”) (2006-present); Chairmanof Smith Barney Fund ManagementLLC <strong>and</strong> Citi Fund Management Inc.(2002-2005); Chairman, President<strong>and</strong> Chief Executive Officer ofTravelers <strong>Investment</strong> Adviser, Inc.(2002-2005).OtherDirec<strong>to</strong>rshipsHeld13 OBN Holdings,Inc.13 OccidentalPetroleumCorporation13 None13 eHarmony.com, Inc.Forest LawnOrbitz Worldwide159 Trustee or Direc<strong>to</strong>rof certain fundsassociated withLegg Mason & Co.,LLC or its affiliates(consisting offunds with 159portfolios).45
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