WESTERN ASSET TRUST, INC.
Core Portfolio
Intermediate Portfolio
Limited Duration Portfolio
Long Duration Portfolio
Short Duration Portfolio
Money Market Portfolio
Supplement to the Prospectus Dated October 30, 1997
The following is inserted at the end of the second paragraph in the section
entitled "Total Return Portfolios," on page 14 of the Prospectus:
The Total Return Portfolios may invest up to 5% of their respective net assets
in municipal obligations. Municipal obligations include obligations issued to
obtain funds for various public purposes, including constructing a wide range
of public facilities, such as bridges, highways, housing, hospitals, mass
transportation, schools and streets.
The Date of this Supplement is May 19, 1998.
