FEE WAIVER AGREEMENTFee Waiver Agreement • February 19th, 2003 • Legg Mason Light Street Trust Inc
Pursuant to the requirements of Section 5 of the Management Agreement dated November 1, 1999 ("Contract") between Legg Mason Light Street Trust, Inc. ("Corporation") and Legg Mason Fund Adviser, Inc. ("LMFA") on behalf of Legg Mason Classic Valuation Fund ("Fund"), LMFA hereby notifies you that it agrees to waive its compensation (and, to the extent necessary, bear other expenses) through February 29, 2004, 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 1.95% for Primary Class and 0.95% for Institutional Class.
