Legg Mason Hosting Conference Call to Discuss Fiscal Fourth Quarter and Year End Operating Results

    - General Public Invited to Participate Via Special Access Line -

    BALTIMORE, April 27 /CNW/ -- Legg Mason, Inc. (NYSE:   LM) will announce
operating results for its fiscal 2009 fourth quarter and year ended March 31,
2009 on Tuesday, May 5, 2009 in a press release that will be issued at
approximately 7:00 a.m., E.D.T.  The press release will also be available on
the firm's Web site at www.leggmason.com.

    A conference call to discuss the company's results will be hosted by Mark
R. Fetting, chairman and CEO of Legg Mason, Inc., at 8:30 a.m., E.D.T.  This
call will be open to the general public.  Interested participants can access
the conference call by dialing 1-866-802-4364 (or for international calls
1-703-639-1325) at least 10 minutes prior to the scheduled start to ensure

    The call will also be accessible through the firm's Web site
leggmason.com.  For those participants unable to listen to the live broadcast
of the conference call, a replay will be available on the Legg Mason Web site
under the Investor Relations section or by dialing 1-888-266-2081 (or for
international calls 1-703-925-2533), access Pin Number 1356532 after the
completion of the call.  Please note that the replay will be available
beginning at 2:00 p.m., E.D.T. on Tuesday, May 5, 2009 and ending on May 19,

    About Legg Mason

    Legg Mason is a global asset management firm, with $698 billion in assets
under management as of December 31, 2008. 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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