Legg Mason Board Elects Barry W. Huff as New Director

    BALTIMORE, June 9 /CNW/ -- Legg Mason, Inc. (NYSE:   LM) announced today
that Barry W. Huff has been elected to its Board of Directors.  He was also
elected to the firm's audit committee.

    Mr. Huff retired as a partner of Deloitte, a global audit, tax,
consulting and financial advisory firm, in May 2008.  He spent more than 40
years at Deloitte and predecessor firms, advising clients around the globe on
various issues related to audits, accounting, risk management and corporate
governance.  He was a member of Deloitte & Touche's Board of Directors from
1987 to 1996.  From 1995 to 2008, he was a Vice Chairman in the Office of the
CEO, with responsibility for generating thought leadership regarding the
firm's services as well as for overseeing the firm's key client relationships.

    Mark R. Fetting, Chairman and CEO of Legg Mason said, "Barry Huff has
significant experience in advising corporations with operations around the
globe and in providing independent, objective advice to managements and audit
committees.  This expertise will be an invaluable addition to the Board and to
the audit committee."

    About Legg Mason

    Legg Mason is a global asset management firm, with $632 billion in assets
under management as of March 31, 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).

    Legg Mason, Inc.

For further information:

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

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