0000898432-04-000155 Sample Contracts

FORM OF FEE WAIVER AGREEMENT
Fee Waiver Agreement • February 13th, 2004 • Legg Mason Income Trust Inc

Pursuant to the requirements of Section 5 of the Management Agreement ("Contract") between Legg Mason Income Trust, Inc. ("Corporation") and Legg Mason Fund Adviser, Inc. ("LMFA") on behalf of Legg Mason Core Bond Fund ("Fund"), LMFA hereby notifies you that it agrees to waive its compensation (and, to the extent necessary, bear other expenses) through April 30, 2005, to the extent that expenses of each class of the Fund (exclusive of interest, taxes, brokerage commissions, and extraordinary expenses) would exceed an annual rate of 1.00% for Primary Class.

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FORM OF MANAGEMENT AGREEMENT LEGG MASON INCOME TRUST, INC.: LEGG MASON CORE BOND FUND
Management Agreement • February 13th, 2004 • Legg Mason Income Trust Inc
FORM OF UNDERWRITING AGREEMENT LEGG MASON INCOME TRUST, INC.: LEGG MASON CORE BOND FUND
Underwriting Agreement • February 13th, 2004 • Legg Mason Income Trust Inc
FORM OF INVESTMENT ADVISORY AGREEMENT LEGG MASON INCOME TRUST, INC.: LEGG MASON CORE BOND FUND
Investment Advisory Agreement • February 13th, 2004 • Legg Mason Income Trust Inc
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