0000950123-08-003834 Sample Contracts

AMENDED MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • April 4th, 2008 • Legg Mason Partners Variable Equity Trust • New York

This AMENDED MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of December, 2007, by and between Legg Mason Partners Variable Equity Trust (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

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AMENDED MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • April 4th, 2008 • Legg Mason Partners Variable Equity Trust • New York

This AMENDED MANAGEMENT AGREEMENT (“Agreement”) is made this 1st day of December, 2007, by and between Legg Mason Partners Variable Equity Trust (the “Trust”) and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (the “Manager”).

FEE WAIVER AND EXPENSE REIMBURSEMENT AGREEMENT
Fee Waiver and Expense Reimbursement Agreement • April 4th, 2008 • Legg Mason Partners Variable Equity Trust

AGREEMENT, effective as of December 1, 2007, by and among Legg Mason Partners Variable Equity Trust (the “Trust”), a Maryland business trust, on behalf of the following series: Legg Mason Partners Variable Lifestyle Allocation 85%, Legg Mason Partners Variable Lifestyle Allocation 70% and Legg Mason Partners Variable Lifestyle Allocation 50% (each, a “Fund”); and Legg Mason Partners Fund Advisor, LLC, a Delaware limited liability company (“LMPFA”).

AMENDED MANAGEMENT AGREEMENT Legg Mason Partners Fund Advisor, LLC
Management Agreement • April 4th, 2008 • Legg Mason Partners Variable Equity Trust • New York
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