WESTERN ASSET TRUST, INC.
MONEY MARKET PORTFOLIO
SHORT DURATION PORTFOLIO
LIMITED DURATION PORTFOLIO
INTERMEDIATE PORTFOLIO
CORE PORTFOLIO
LONG DURATION PORTFOLIO
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 30, 1996
The following information is inserted on page 6:
Securities of Other Investment Companies
A Fund may invest in the securities of other investment companies, but it
will not own more than 3% of the total outstanding voting stock of any
investment company, invest more than 5% of its total assets in any one
investment company, or invest more than 10% of its total assets in investment
companies in general. 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. 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.
November 27, 1996
