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Exhibit 23(a)(4)
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LM INSTITUTIONAL FUND ADVISORS I, INC.
ARTICLES SUPPLEMENTARY
LM Institutional Fund Advisors I, Inc., a Maryland corporation (the
"Corporation"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:
FIRST: Pursuant to Sections 2-105(a)(9) and 2-208 of the Maryland General
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Corporation Law (the "MGCL") and Article VI of the Corporation's charter (the
"Charter"), the Board of Directors of the Corporation (the "Board"), by
resolutions duly adopted at a meeting held on April 6, 2000, classified and
designated 1,000,000,000 authorized but unissued shares of Common Stock (as
defined in the Charter) as shares of the Western Asset Inflation Indexed Bond
Portfolio and further classified and designated such shares, in equal numbers,
within such series as Institutional Class shares and Financial Intermediary
Class shares, with the preferences, conversion and other rights, voting powers,
restrictions, limitations as to dividends, qualifications and terms and
conditions of redemption of shares as set forth in Article VI of the Charter and
in any other provisions of the Charter relating to stock of the Corporation
generally, the Corporation's Bylaws and the Corporation's Multiple Class Plan.
SECOND: As of the filing of these Articles Supplementary, the Corporation
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shall have authority to issue 13,100,000,000 shares of Common Stock, $.001 par
value per share, having an aggregate par value of $13,100,000. These shares are
classified as follows:
<TABLE>
<CAPTION>
Class Number
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<S> <C>
Western Asset Enhanced Equity Portfolio
Institutional Class 500,000,000
Western Asset Enhanced Equity Portfolio
Financial Intermediary Class 500,000,000
Western Asset Money Market Portfolio
Institutional Class 1,000,000,000
Western Asset Money Market Portfolio
Financial Intermediary Class 1,000,000,000
</TABLE>
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<TABLE>
<CAPTION>
Class Number
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<S> <C>
Western Asset Government Money Market Portfolio
Institutional Class 1,000,000,000
Western Asset Government Money Market Portfolio
Financial Intermediary Class 1,000,000,000
Western Asset Intermediate Portfolio
Institutional Class 500,000,000
Western Asset Intermediate Portfolio
Financial Intermediary Class 500,000,000
Western Asset Intermediate Plus Portfolio
Institutional Class 500,000,000
Western Asset Intermediate Plus Portfolio
Financial Intermediary Class 500,000,000
Western Asset Core Portfolio
Institutional Class 500,000,000
Western Asset Core Portfolio
Financial Intermediary Class 500,000,000
Western Asset Core Plus Portfolio
Institutional Class 500,000,000
Western Asset Core Plus Portfolio
Financial Intermediary Class 500,000,000
Western Asset High Yield Portfolio
Institutional Class 500,000,000
Western Asset High Yield Portfolio
Financial Intermediary Class 500,000,000
Western Asset Non-U.S. Fixed Income Portfolio
Institutional Class 500,000,000
Western Asset Non-U.S. Fixed Income Portfolio
Financial Intermediary Class 500,000,000
Western Asset Global Strategic Income Portfolio
Institutional Class 500,000,000
Western Asset Global Strategic Income Portfolio
Financial Intermediary Class 500,000,000
Western Asset Inflation Indexed Bond Portfolio
Institutional Class 500,000,000
Western Asset Inflation Indexed Bond Portfolio
Financial Intermediary Class 500,000,000
Common Stock (without further classification) 100,000,000
</TABLE>
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THIRD: The shares of Common Stock have been classified by the Board
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under the authority granted to it in the Charter.
FOURTH: The undersigned President of the Corporation acknowledges
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these Articles Supplementary to be the corporate act of the Corporation and, as
to all matters or facts required to be verified under oath, the undersigned
President acknowledges that to the best of his knowledge, information and
belief, these matters and facts are true in all material respects and that this
statement is made under the penalties for perjury.
IN WITNESS WHEREOF, the Corporation has caused these Articles
Supplementary to be executed under seal in its name and on its behalf by its
President and attested to by its Secretary on June __, 2000.
ATTEST: LM INSTITUTIONAL FUND
ADVISORS I, INC.
_________________________ By:_____________________(SEAL)
Secretary President
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