May 19, 1998
Dear Shareholder:
Western Asset Trust is currently performing a proxy solicitation for a Special
Meeting of Shareholders next Thursday, May 21, 1998. Proxy statements and proxy
cards were sent to shareholders 3 to 4 weeks ago in connection with this
meeting. In performing an audit of shareholder voting, we noticed that your
shares have not yet been voted. Your vote is very important to us. Western Asset
would be appreciative if you could please vote the proxy card and return it to
me via fax by the early part of next week. If you did not receive an original
card or proxy statement, or have questions on any of the material, please call
me at (626-844-9585) or my associate, Cindy, at (626-844-9586).
Please feel free to vote on the attached proxy card as well. Voted cards can be
faxed to me at (626) 844-9846 or (626) 844-9450.
Best Regards,
/s/ Kristin M. Benz
_____________________________
Kristin M. Benz, CPA
Client Service Executive
