Company: WIA
Filing Date: 2025-01-28
Form Type: N-CSR
Source: 0001133228-25-000566
Chunk: 74

Company: WESTERN ASSET INFLATION-LINKED INCOME FUND
Filing Date: 2025-01-28
Form: N-CSR
Chunk 74
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| Michael         
 Buchanan‡       |                           Other 
 Registered Investment Companies |                   72 |         $89.82 
        billion | None                                                       | None                                           |
| Other           
 Pooled Vehicles |                             249 |               $56.52 
              billion |             20 | $2.43                                                      
 billion                                                    |                                                |
| Other           
 Accounts        |                             499 |              $156.83 
              billion |             17 | $9.79                                                      
 billion                                                    |                                                |

‡ The numbers above reflect the overall number of portfolios managed by employees of Western Asset Management Company (“Western Asset”). Western Asset’s investment discipline emphasizes a team approach that combines the efforts of groups of specialists working in different market sectors. He is responsible for overseeing implementation of Western Asset’s overall investment ideas and coordinating the work of the various sector teams. This structure ensures that client portfolios benefit from a consensus that draws on the expertise of all team members.

(a)(3): As of November 30, 2024:

Investment Professional Compensation

Conflicts of Interest

The Subadviser has adopted compliance policies and procedures
to address a wide range of potential conflicts of interest that could directly impact client portfolios. For example, potential conflicts
of interest may arise in connection with the management of multiple portfolios (including portfolios managed in a personal capacity).
These could include potential conflicts of interest related to the knowledge and timing of a portfolio’s trades, investment opportunities
and broker selection. Portfolio managers are privy to the size, timing, and possible market impact of a portfolio’s trades.

It is possible that an investment opportunity
may be suitable for both a portfolio and other accounts managed by a portfolio manager, but may not be available in sufficient quantities
for both the portfolio and the other accounts to participate fully. Similarly, there may be limited opportunity to sell an investment
held by a portfolio and another account. A conflict may arise where the portfolio manager may have an incentive to treat an account preferentially
as compared to a portfolio because the account pays a performance-based fee or the portfolio manager, the Subadviser or an affiliate
has an interest in the account. The Subadviser has adopted procedures for allocation of portfolio transactions and investment opportunities
across multiple client accounts on a fair and equitable basis over time. Eligible accounts that can participate in a trade generally
share the same price on a pro-rata allocation basis, taking into account differences based on factors such as cash availability, investment
restrictions and guidelines, and portfolio