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Exhibit 23(e)(2)(ii)
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LM Institutional Fund Advisors I, Inc.
100 Light Street
Baltimore, MD 21202
July 28, 2000
Arroyo Seco, Inc.
117 East Colorado Boulevard
Pasadena, CA 91105
Re: The Notice of Creation of New Series of LM Institutional Fund
Advisors I, Inc. (the "Corporation")
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Reference is made to the Broker Agreement (the "Agreement") between the
Corporation and Arroyo Seco, Inc. ("Arroyo Seco") dated as of May 26, 1998. The
Corporation hereby notifies Arroyo Seco that it intends to establish one
additional series of the Corporation, to be known as the Western Asset Inflation
Indexed Bond Portfolio (the "New Portfolio"). The Corporation desires to have
Arroyo Seco render services with respect to the New Portfolio as Broker under
the Agreement. Attached as Annex I is an amended and restated Schedule A to the
Agreement.
Please indicate your agreement to provide such services by having an
authorized officer sign the enclosed receipt copy of this notice and return it
in the enclosed self-addressed stamped envelope. If you have any questions or
comments, please call Jason Brown, Esq. at (617) 951-7942.
Accepted:
ARROYO SECO, INC. LM INSTITUTIONAL FUND
ADVISORS I, INC.
By: By:
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Title: Title:
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SCHEDULE A
Series of LM INSTITUTIONAL FUND ADVISORS I, INC.
to which Agreement Applies
<TABLE>
<CAPTION>
Portfolio and Class* Date Subject to Agreement
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<S> <C>
Western Asset Government Money Market Portfolio May 26, 1998
Western Asset Money Market Portfolio May 26, 1998
Western Asset Intermediate Portfolio May 26, 1998
Western Asset Intermediate Plus Portfolio May 26, 1998
Western Asset Core Portfolio May 26, 1998
Western Asset Core Plus Portfolio May 26, 1998
Western Asset Inflation Indexed Bond Portfolio July 28, 2000
Western Asset High Yield Portfolio May 26, 1998
Western Asset Non-U.S. Fixed Income Portfolio May 26, 1998
Western Asset Global Strategic Income Portfolio May 26, 1998
Western Asset Enhanced Equity Portfolio May 26, 1998
</TABLE>
*Unless otherwise indicated, each Portfolio listed includes all Classes offered
by that Portfolio.
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