WESTERN ASSET INFLATION MANAGEMENT FUND INC.

expiry = 2008-01-15...WESTERN ASSET INFLATION MANAGEMENT FUND INC. (THE “FUND”) UP TO 391,201 OF ITS ISSUED AND OUTSTANDING SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE (THE “SHARES”) THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME ON JANUARY 15, 2008, UNLESS THE OFFER IS EXTENDED. THIS OFFER TO PURCHASE AND THE ACCOMPANYING LETTER OF TRANSMITTAL (WHICH, TOGETHER WITH ANY AMENDMENTS OR SUPPLEMENTS THERETO, COLLECTIVELY CONSTITUTE THE “OFFER”) ARE NOT CONDITIONED ON ANY MINIMUM NUMBER OF...

listed = True...nsmittal, Stockholders may be subject to transfer taxes on the purchase of Shares by the Fund. The Fund normally calculates the NAV of its Shares daily at the close of regular trading of the NYSE. On December 11, 2007, the NAV was $18.47 per Share. The Shares are listed on the NYSE. On December 11, 2007, the last sales price at the close of regular trading on the NYSE was $16.25 per Share, representing a 12.02% discount from NAV. The NAV of the Fund’s Shares will be available daily until the Termination Date, by calling the Fund’s Information Agent, toll free at (877) 248-6417 or, for banks or brokers, at (718) 921...

must_tender_all = True...n, if the Offer is oversubscribed, is not to purchase more than 391,201 Shares. See Section 1 of this Offer to Purchase. In the first tender offer by the Fund, the Fund agreed to purchase all Shares tendered by shareholders who owned fewer than 100 Shares and tendered all of their Shares. Will this “odd lot” provision be included in this tender offer? No. As a result, in the Offer, if more than 391,201 Shares are tendered (and not timely withdrawn), the Fund will purchase a pro rata portion of the Shares tendered by each shareholder, including shareholders who own and tender fewer than 100 Shares. If I decline to tender,...

priority = True...y Shares in the event that the conditions described in Section 13 of this Offer to Purchase are not met. The Fund’s present intention, if the Offer is oversubscribed, is not to purchase more than 391,201 Shares. See Section 1 of this Offer to Purchase. In the first tender offer by the Fund, the Fund agreed to purchase all Shares tendered by shareholders who owned fewer than 100 Shares and tendered all of their Shares. Will this “odd lot” provision be included in this tender offer? No. As a result, in the Offer, if more than 391,201 Shares are tendered (and not timely withdrawn), the Fund will purchase a pro rata portion of the Shares tendered by each shareholder, including shareholders who own and tender fewer...

threshold = 100...ase are not met. The Fund’s present intention, if the Offer is oversubscribed, is not to purchase more than 391,201 Shares. See Section 1 of this Offer to Purchase. In the first tender offer by the Fund, the Fund agreed to purchase all Shares tendered by shareholders who owned fewer than 100 Shares and tendered all of their Shares. Will this “odd lot” provision be included in this tender offer? No. As a result, in the Offer, if more than 391,201 Shares are tendered (and not timely withdrawn), the Fund will purchase a pro rata portion of the Shares tendered by each shareholder, including shareholders who own and tender fewer than 10...

txn_type = TENDER_OFFEREX-99.(A)(1)(I) 2 dex99a1i.htm OFFER TO PURCHASE Offer to Purchase Table of Contents Exhibit (a)(1)(i) OFFER TO PURCHASE FOR CASH BY WESTERN ASSET INFLATION MANAGEMENT FUND INC. (THE “FUND”) UP TO 391,201 OF ITS ISSUED AND OUTSTANDING SHARES OF COMMON STOCK, PAR VALUE $0.001 PER SHARE (THE “SHARES”) THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME ON JANUARY...