LEGG MASON INCOME TRUST, INC.:
Legg Mason U.S. Government Intermediate-Term Portfolio
Legg Mason Investment Grade Income Portfolio
Legg Mason High Yield Portfolio
Legg Mason U.S. Government Money Market Portfolio
Primary Shares
Supplement to the Prospectus dated May 1, 1998
The following information is inserted in the section entitled "Investment
Techniques and Risks" which begins on page 10 of the Prospectus:
Closed-end Investment Companies (Government Intermediate and Investment Grade
only)
Each Fund may invest up to 5% of its net assets in the securities of
closed-end investment companies. Such investments may involve the payment of
substantial premiums above the net asset value of such issuers' portfolio
securities, and the total return on such investments will be reduced by the
operating expenses and fees of such investment companies, including advisory
fees. Shares of many closed-end investment companies at times trade at
substantial discounts to their net asset value. A Fund will invest in such
funds, when, in the Adviser's judgment, the potential benefits of such
investment justify the payment of any applicable premium or sales charge.
The Date of this Supplement is June 11, 1998
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NAVIGATOR TAXABLE INCOME FUNDS
Navigator U.S. Government Intermediate-Term Portfolio
Navigator Investment Grade Income Portfolio
Navigator High Yield Portfolio
Supplement to the Prospectus dated May 1, 1998
The following information is inserted in the section entitled "Investment
Techniques and Risks" which begins on page 8 of the Prospectus:
Closed-end Investment Companies (Government Intermediate and Investment Grade
only)
Each Fund may invest up to 5% of its net assets in the securities of
closed-end investment companies. Such investments may involve the payment of
substantial premiums above the net asset value of such issuers' portfolio
securities, and the total return on such investments will be reduced by the
operating expenses and fees of such investment companies, including advisory
fees. Shares of many closed-end investment companies at times trade at
substantial discounts to their net asset value. A Fund will invest in such
funds, when, in the Adviser's judgment, the potential benefits of such
investment justify the payment of any applicable premium or sales charge.
The Date of this Supplement is June 11, 1998.
