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VGOF-P10 02/23

LEGG MASON PARTNERS INSTITUTIONAL TRUST

LEGG MASON PARTNERS MONEY MARKET TRUST

SUPPLEMENT DATED FEBRUARY 2, 2023, TO THE

PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”)

OF EACH FUND LISTED IN SCHEDULE A

 

 

Effective March 2, 2023, the mailing address for BNY Mellon Investment Servicing (US) Inc. (“BNY”), the transfer agent for each fund listed on Schedule A, will change. As such, the following changes shall apply:

 

1)

Effective March 2, 2023, the following information replaces any information to the contrary in the statutory prospectus and SAI for each fund listed in Schedule A:

 

Mail:                Regular Mail    Overnight   
   BNY Mellon    BNY Mellon   
   Attn: Western Asset Money Market Funds    Attn: 534447                
   P.O. Box 534447    500 Ross Street, 154-0520   
   Pittsburgh, PA 15253-4447    Pittsburgh, PA 15262   

 

2)

Effective March 2, 2023, the following replaces the second paragraph of the section titled “Custodian and Transfer Agent” in the SAI for each fund listed in Schedule A:

BNY Mellon Investment Servicing (US) Inc. (“BNY”), located at 500 Ross Street, 154-0520, Pittsburgh, PA 15262, serves as the Fund’s transfer agent. Under the transfer agency agreement with BNY, BNY maintains the shareholder account records for the Fund, handles certain communications between shareholders and the Fund and distributes dividends and distributions payable by the Fund. For these services, BNY receives a monthly fee computed on the basis of the number of shareholder accounts it maintains for the Fund during the month and is reimbursed for out-of-pocket expenses. Please send all correspondence to BNY at P.O. Box 534447, Pittsburgh, PA 15253-4447.

SCHEDULE A

 

Fund

  

Date of
Statutory Prospectus
and SAI

LEGG MASON PARTNERS INSTITUTIONAL TRUST

  

Western Asset Institutional Government Reserves

   December 29, 2022

Western Asset Institutional Liquid Reserves

   December 29, 2022

Western Asset Institutional U.S. Treasury Obligations Money Market Fund

   December 29, 2022

Western Asset Institutional U.S. Treasury Reserves

   December 29, 2022

Western Asset Premier Institutional Government Reserves

   December 29, 2022

Western Asset Premier Institutional Liquid Reserves

   December 29, 2022

Western Asset Premier Institutional U.S. Treasury Reserves

   December 29, 2022

Western Asset Select Tax Free Reserves

   December 29, 2022

LEGG MASON PARTNERS MONEY MARKET TRUST

  

Western Asset Government Reserves

   December 29, 2022

Please retain this supplement for future reference.