UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549 

SCHEDULE 14A  

Proxy Statement Pursuant to Section 14(a) of the Securities 

Exchange Act of 1934  

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[   ]Definitive Proxy Statement  

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[   ] Soliciting Material Pursuant to §240.14a-12 

LEGG MASON PARTNERS EQUITY TRUST 

LEGG MASON ETF INVESTMENT TRUST 

LEGG MASON PARTNERS VARIABLE EQUITY TRUST 

(Name of Registrant(s) as Specified In Its Charter)  

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Legg Mason Funds

Primerica Script

(ACCOUNTS STILL UNVOTED)

Good (morning, afternoon, evening), my name is (AGENT'S FULL NAME). May I please speak with (SHAREHOLDER'S FULL NAME)?

(Re"Greet If Necessary)

I am calling on a recorded line regarding your investment in a Legg Mason Sponsored Fund. This investment is held through your account with Primerica Financial Services.

You were recently mailed proxy material for the Special Meeting of Shareholders scheduled to take place on July 14, 2020.

As a shareholder, you are being asked to vote on new management and subadvisory agreements in order for your Fund to continue being managed without interruption.

Your Fund's Board of Trustees is recommending a vote "In Favor" of the proposals. Would you like to vote along with the Board's Recommendation?

(Pause For Response)

(Review Voting Options with Shareholder If Necessary)

If we identify any additional accounts you own in a Legg Mason Sponsored Fund before the meeting takes place, would you like to vote those accounts in the same manner as well?

(Pause For Response)

*Confirmation – I am recording your (Recap Voting Instructions).

For confirmation purposes:

∙Please state your full name. (Pause)

∙According to our records, you reside in (city, state, zip code). (Pause)

∙To ensure that we have the correct address for the written confirmation, please state your street address. (Pause)

Thank you. You will receive written confirmation of this vote within 3 to 5 business days. Upon receipt, please review and retain for your records. If you should have any questions, please call the toll free number listed on the confirmation. Mr. /Ms. ___________, your vote is important and your time is greatly appreciated. Thank you and have a good

(morning, afternoon, evening.)

FOR INTERNAL DISTRIBUTION ONLY Updated 05-19-2020