X0101 EFFECT 33 LIVE 2014-01-23 0001193125-14-007698 485APOS 0000880366 LEGG MASON PARTNERS EQUITY TRUST 033-43446 S000043635 Permal Alternative Select Fund C000135282 Class A S000043635 Permal Alternative Select Fund C000135283 Class C S000043635 Permal Alternative Select Fund C000135284 Class FI S000043635 Permal Alternative Select Fund C000135285 Class R S000043635 Permal Alternative Select Fund C000135286 Class I S000043635 Permal Alternative Select Fund C000135287 Class IS