Lord Abbett Bond Debenture Fund Snapshot

Fund Snapshot

Performance & Pricing

Characteristics

Holdings

Distribution & Dividend Information

Fund Commentary & Analysis

Change Share Class:

Mutual Fund Snapshot

Fund Basics

Inception Date:

07/15/1996

Total Securities:

561

Fund Assets ($):

7,952,263,121

Dividend Frequency:
(Accrued daily, paid monthly)

Monthly

Standardized Yield:
(as of 07/31/2010)

5.48%

Dividend Yield

at NAV:

5.44%

Ticker:

BDLAX

CUSIP:

544004302

Fund Number:

673

Minimum Initial Investment:

$1000**

Important News

This fund is trading ex-dividend. View Distribution & Tax Information.

** Minimum IRA Investment is $250.

Investment Style

Lord Abbett does not publish
an asset chart for this fund.

Goal

Current income and long-term growth of capital through investing in multiple sectors of the fixed income market including high yield, high grade, bank loans, convertible along with select equity securities.

Strategy

Seeks to take advantage of yield opportunities by shifting its holdings across multiple bond market sectors.

Geographic Focus

Invests primarily in U.S. bonds.

Performance & Pricing

Holdings & Management Team

Current Price & Performance (as of 09/02/2010)

Change (from previous day)

at NAV ($)

at MOP ($)

Value ($)

Daily Total Return (%)

YTD
Perf. (%)

Expense
Ratio (%)

7.54

0.02

0.72

6.23

1.65

Historical Performance

Month Ending (as of 08/31/2010)

Month Ending | Quarter Ending

	1-YR (%)	3-YR (%)	5-YR (%)	10-YR (%)	Since Inception (%)
at NAV	15.44	4.54	5.07	5.12	5.69

at MOP	15.44	4.54	5.07	5.12	5.69

Best & Worst Returns * (at NAV as of 06/30/2010)


Best Returns
3-MO (04/09 - 06/09)	. . . . . . . . . . . . . . . . . . . . . . . .	12.51%
1-YR (12/08 - 11/09)	. . . . . . . . . . . . . . . . . . . . . . . .	37.86%
3-YR (08/02 - 07/05)	. . . . . . . . . . . . . . . . . . . . . . . .	10.99%



Worst Returns
3-MO (09/08 - 11/08)	. . . . . . . . . . . . . . . . . . . . . . . .	-22.40%
1-YR (12/07 - 11/08)	. . . . . . . . . . . . . . . . . . . . . . . .	-24.58%
3-YR (12/05 - 11/08)	. . . . . . . . . . . . . . . . . . . . . . . .	-4.61%
* Best & Worst returns reflect a cumulative return for the three-month period and annualized returns for the one-year and three-year periods.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Other Important Information
Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Investors should carefully consider the investment objectives, risks charges and expenses of the Lord Abbett Funds. This and other important information is contained in the fund's summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, you can click here or contact your investment professional or Lord Abbett Distributor LLC at (888) 522-2388. Read the prospectus carefully before you invest or send money.

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	Mutual Funds Overview	Bond Debenture Fund: Class C (as of 07/30/2010)