<strong>Annual</strong> <strong>Report</strong> <strong>to</strong> ShareholdersTrustees <strong>and</strong> Officers—ContinuedName <strong>and</strong> Age(as of December 31, 2008)Position(s)Held withFundTerm ofOffice <strong>and</strong>Length ofTime Served (A)Principal OccupationsDuring the Past 5 YearsNumber ofPortfolios InFund ComplexOverseen (B)OtherDirec<strong>to</strong>rshipsHeldRonald L. Olson D67TrusteeServed since2005Senior Partner of Munger, Tolles & OlsonLLP (a law partnership) (1968-present).13 EdisonInternational,City NationalCorporation(financialservicescompany),TheWashing<strong>to</strong>nPostCompany,<strong>and</strong>BerkshireHathaway,Inc.Officers ED. Daniel Fleet51Vice PresidentServed since2006President of <strong>Western</strong> <strong>Asset</strong> (2006-present); Vice President of <strong>Western</strong> <strong>Asset</strong>Income Fund <strong>and</strong> <strong>Western</strong> <strong>Asset</strong> PremierBond Fund (2006-present); Direc<strong>to</strong>r,<strong>Western</strong> <strong>Asset</strong> Management CompanyLimited (2006-present); Direc<strong>to</strong>r of RiskManagement of <strong>Western</strong> <strong>Asset</strong>(2002-2006).N/AN/AGavin L. James48Vice PresidentServed since2001Direc<strong>to</strong>r of Global Client Services <strong>and</strong>Marketing of <strong>Western</strong> <strong>Asset</strong> (1998-present).N/AN/AS. Kenneth Leech54Vice PresidentServed since1990Chief <strong>Investment</strong> Officer, Emeritus of<strong>Western</strong> <strong>Asset</strong> (2008-present); Chief<strong>Investment</strong> Officer of <strong>Western</strong> <strong>Asset</strong>(1998-2008); Vice President of <strong>Western</strong><strong>Asset</strong> Income Fund (1998-present) <strong>and</strong><strong>Western</strong> <strong>Asset</strong> Premier Bond Fund (2001-present).N/AN/AStephen A. Walsh50Vice PresidentServed since1994Chief <strong>Investment</strong> Officer of <strong>Western</strong> <strong>Asset</strong>(2008-present) Deputy Chief <strong>Investment</strong>Officer of <strong>Western</strong> <strong>Asset</strong> (2000-2008);Vice President of <strong>Western</strong> <strong>Asset</strong> IncomeFund (1999-present) <strong>and</strong> <strong>Western</strong> <strong>Asset</strong>Premier Bond Fund (2001-present).N/AN/ASusanne D. Wilson47100 Light Street Baltimore,MD 21202Vice PresidentServed since1998Vice President of Legg Mason & Co., LLC(2005-present); Vice President of LeggMason Wood Walker, Incorporated(1998-2005).N/AN/A46
<strong>Annual</strong> <strong>Report</strong> <strong>to</strong> ShareholdersName <strong>and</strong> Age(as of December 31, 2008)Position(s)Held withFundTerm ofOffice <strong>and</strong>Length ofTime Served (A)Principal OccupationsDuring the Past 5 YearsNumber ofPortfolios InFund ComplexOverseen (B)OtherDirec<strong>to</strong>rshipsHeldN/AMarie K. Karpinski59100 Light Street Baltimore,MD 21202PrincipalFinancial <strong>and</strong>AccountingOfficerServed since2001Vice President, Legg Mason & Co., LLC(2005-present); Legg Mason WoodWalker, Incorporated (1992-2005); VicePresident (1986-present), Chief FinancialOfficer (2006-present) <strong>and</strong> Treasurer(1986-2006) of all Legg Mason retail,open-end investment companies;Treasurer <strong>and</strong> Principal Financial <strong>and</strong>Accounting Officer, <strong>Western</strong> <strong>Asset</strong>/Claymore Inflation-Linked Securities &Income Fund (2003-present) <strong>and</strong> <strong>Western</strong><strong>Asset</strong>/Claymore Inflation-LinkedOpportunities & Income Fund (2004-present); Principal Financial <strong>and</strong>Accounting Officer of <strong>Western</strong> <strong>Asset</strong>Income Fund (2001-present) <strong>and</strong> <strong>Western</strong><strong>Asset</strong> Premier Bond Fund (2001-present);Treasurer of the <strong>Western</strong> <strong>Asset</strong> IncomeFund (2001-2006) <strong>and</strong> <strong>Western</strong> <strong>Asset</strong>Premier Bond Fund (2001-2006).Vice President <strong>and</strong> Manager, GlobalFunds Administration, Legg Mason & Co.,LLC (2005-present); Assistant VicePresident of Legg Mason Wood Walker,Incorporated (2002-2005); Treasurer ofLegg Mason Income Trust, Inc., LeggMason Tax-Free Income Fund, <strong>Western</strong><strong>Asset</strong> Income Fund, <strong>Western</strong> <strong>Asset</strong>Premier Bond Fund <strong>and</strong> <strong>Western</strong> <strong>Asset</strong>Funds, Inc. (2006-present); AssistantTreasurer, Legg Mason Partners Fundfixed income complex (2007-present),<strong>Western</strong> <strong>Asset</strong>/Claymore Inflation-LinkedSecurities & Income Fund (2003-present),<strong>Western</strong> <strong>Asset</strong>/Claymore Inflation-LinkedOpportunities & Income Fund (2004-present); Assistant Treasurer, <strong>Western</strong><strong>Asset</strong> Income Fund, <strong>Western</strong> <strong>Asset</strong>Premier Bond Fund, Legg Mason IncomeTrust, Inc. <strong>and</strong> Legg Mason Tax-FreeIncome Fund (2001-2006); Manager,Funds Accounting, Legg Mason WoodWalker, Incorporated (2000-2005).Direc<strong>to</strong>r of Tax–Mutual Funds, LeggMason & Co., LLC (2005-present);Direc<strong>to</strong>r of Tax–Mutual Funds, Citigroup(2004-2005); Assistant Treasurer, <strong>Western</strong><strong>Asset</strong> Income Fund, <strong>Western</strong> <strong>Asset</strong> Funds,Inc., <strong>Western</strong> <strong>Asset</strong> Premier Bond Fund,<strong>Western</strong> <strong>Asset</strong>/Claymore Inflation-LinkedSecurities & Income Fund <strong>and</strong> <strong>Western</strong><strong>Asset</strong>/Claymore Inflation-LinkedOpportunities & Income Fund (2007-present); Partner, Deloitte & Touche(1990-2004).N/AErin K. Morris42100 Light Street Baltimore,MD 21202TreasurerServed since2006N/AN/ASusan C. Curry4255 Water St. New York,NY 10041AssistantTreasurerServed since2007N/AN/A47