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Legg Mason Emerging Markets Trust


Portfolio Information as of 6/30/08

Top Ten Holdings
  Fund
Petroleo Brasileiro SA 5.3%
Gazprom 4.4%
Companhia Vale Do Rio Doce 3.5%
Samsung Electronic 2.6%
China Mobile Ltd 2.4%
Sasol 1.7%
Reliance Inds 1.6%
Industrial & Com B 1.6%
Novolipetk Iron & Steel Corp 1.2%
Mobil Telesystems 1.1%

Top Ten Countries
  Fund
Brazil 18.4%
Korea, Republic Of 12.9%
Russian Federation 12.5%
Taiwan 8.2%
South Africa 7.6%
China 5.9%
Mexico 5.8%
India 4.8%
Hong Kong 4.1%
United States 3.9%

Holdings and Sectors are subject to change; please review the fund's Shareholder Report.

View the complete holdings
FIXED INCOME
> Western Asset Absolute Return Portfolio
> Western Asset Core Bond Portfolio
> Western Asset Core Plus Bond Portfolio
> Western Asset Emerging Markets Debt
> Western Asset Global High Yield
> Western Asset High Yield Portfolio
> Western Asset Inflation Indexed Plus Bond Portfolio
> Western Asset Intermediate Bond Portfolio
> Western Asset Intermediate Plus Bond Portfolio
> Western Asset Limited Duration Bond Portfolio
> Western Asset Non-U.S. Opportunity Bond Portfolio
EQUITY
> Batterymarch U.S. Small Cap Equity Portfolio
> Legg Mason American Leading Companies Trust
> Legg Mason Emerging Markets Trust
> Legg Mason Growth Trust
> Legg Mason International Equity Trust
> Legg Mason Opportunity Trust
> Legg Mason Special Investment Trust
> Legg Mason Value Trust
> Legg Mason Partners Funds
> The Royce Funds



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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