Legg Mason Reports Assets Under Management for November 2009

BALTIMORE, Dec. 9 /CNW/ -- Legg Mason, Inc. (NYSE: LM) reports assets under management of $694 billion as of November 30, 2009. Chairman and CEO Mark R. Fetting will provide an update on the company while speaking to investors at the 2009 Goldman Sachs Financial Services Conference in New York City on Wednesday, December 9 at 10:55 a.m. EST.

Mr. Fetting's remarks can be heard via webcast through Legg Mason's website at leggmason.com under the "Investor Relations" section and his presentation is available on the website at http://www.leggmason.com/about/investor_relations.aspx

About Legg Mason

Legg Mason is a global asset management firm with $694 billion in assets under management as of November 30, 2009. The Company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

SOURCE LEGG MASON, INC.

For further information: For further information: Mary Athridge of Legg Mason, Inc., +1-212-805-6035, mkathridge@leggmason.com Web Site: http://www.leggmason.com

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LEGG MASON, INC.

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