497 1 d400982d497.htm LEGG MASON PARTNERS INCOME TRUST LEGG MASON PARTNERS INCOME TRUST

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LEGG MASON PARTNERS INCOME TRUST

SUPPLEMENT DATED AUGUST 31, 2012

TO THE STATEMENT OF ADDITIONAL INFORMATION,

DATED DECEMBER 1, 2011, OF

WESTERN ASSET HIGH INCOME FUND

WESTERN ASSET MUNICIPAL HIGH INCOME FUND

WESTERN ASSET GLOBAL STRATEGIC INCOME FUND

 

 

Effective September 1, 2012, the following information is added to the table in the funds’ Statement of Additional Information (“SAI”) that appears in the section titled “Other Accounts Managed by Portfolio Managers” and is as of June 30, 2012:

 

Fund

  Portfolio
Manager
  Type of
Account
  Number of
Accounts
Managed
  Total
Assets
Managed
($in
billions)
  Number of
Accounts
Managed for
which
Advisory Fee
is
Performance-
Based
  Assets
Managed for
which
Advisory Fee
is
Performance-
Based ($in
billions)

Municipal High Income Fund

  Dennis J.
McNamara
  Other
registered
investment
companies
  3   0.71   0   0
    Other
pooled
investment
vehicles
  27   9.47   0   0
    Other
accounts
  157   53.90   8   1.58

Global Strategic Income Fund

  Paul
Shuttleworth
  Other
registered
investment
companies
  0   0   0   0
    Other
pooled
investment
vehicles
  12   3.39   1   0.11
    Other
accounts
  26   8.33   11   1.84

Global Strategic Income Fund

  Gordon S.
Brown
  Other
registered
investment
companies
  0   0   0   0
    Other
pooled
investment
vehicles
  23   7.98   1   0.13
    Other
accounts
  60   18.05   7   2.71

 

1


Fund

  Portfolio
Manager
  Type of
Account
  Number of
Accounts
Managed
  Total
Assets
Managed
($in
billions)
  Number of
Accounts
Managed for
which
Advisory Fee
is
Performance-
Based
  Assets
Managed for
which
Advisory Fee
is
Performance-
Based ($in
billions)

Global Strategic Income Fund

  S. Kenneth
Leech
  Other
registered
investment
companies
  16   8.40   0   0
    Other
pooled
investment
vehicles
  23   7.97   1   0.13
    Other
accounts
  46   17.30   7   2.71

High Income Fund

  Walter E.
Kilcullen
  Other
registered
investment
companies
  0   0   0   0
    Other
pooled
investment
vehicles
  0   0   0   0
    Other
accounts
  0   0   0   0

Effective September 1, 2012, the following information is added to the section of the funds’ SAI titled “Portfolio Manager Securities Ownership”:

As of June 30, 2012, Dennis J. McNamara did not own any securities of Municipal High Income Fund. As of June 30, 2012, Paul Shuttleworth, Gordon S. Brown and S. Kenneth Leech did not own any securities of Global Strategic Income Fund. As of June 30, 2012, Walter E. Kilcullen did not own any securities of High Income Fund.

 

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