497 1 d400553d497.htm LEGG MASON WESTERN ASSET VARIABLE HIGH INCOME PORTFOLIO Legg Mason Western Asset Variable High Income Portfolio

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LEGG MASON PARTNERS VARIABLE INCOME TRUST

SUPPLEMENT DATED AUGUST 31, 2012

TO THE STATEMENT OF ADDITIONAL INFORMATION,

DATED MAY 1, 2012, OF

LEGG MASON WESTERN ASSET VARIABLE HIGH INCOME PORTFOLIO

 

 

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

 

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)

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 fund’s SAI titled “Portfolio Manager Securities Ownership”:

As of June 30, 2012, Walter E. Kilcullen did not own any securities of High Income Fund.

 

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