Legg Mason Hosting Conference Call To Discuss Fiscal Second Quarter Operating

    - General Public Invited to Participate Via Special Access Line -

<p><location>BALTIMORE</location>, <chron>Oct. 7</chron> /CNW/ -- Legg Mason, Inc. (NYSE:   LM) will announce operating results for its fiscal 2010 second quarter ended <chron>September 30, 2009</chron> on <chron>Thursday, October 22, 2009</chron> in a press release that will be issued at approximately <chron>7:00 a.m.</chron>, E.D.T.  The press release will also be available on the firm's Web site at <a href="http://www.leggmason.com">www.leggmason.com</a>.</p>
<p>A conference call to discuss the company's results will be hosted by Mark R. Fetting, chairman and CEO of Legg Mason, Inc., at <chron>8:30 a.m.</chron>, E.D.T.  This call will be open to the general public.  Interested participants can access the conference call by dialing 1-866-793-1306 (or for international calls 1-703-639-1308) at least 10 minutes prior to the scheduled start to ensure connection.</p>
<p>The call will also be accessible through the firm's Web site at 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 1402845 after the completion of the call.  Please note that the replay will be available beginning at <chron>2:00 p.m.</chron>, E.D.T. on <chron>Thursday, October 22, 2009</chron> and ending on <chron>November 5, 2009</chron>.</p>
<p>Legg Mason, Inc. is a global asset management firm, with <money>$693 billion</money> in assets under management as of <chron>August 31, 2009</chron>.  The company provides active asset management in many major investment centers throughout the world. Legg Mason is headquartered in <location>Baltimore</location>, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).</p>


For further information: For further information: Investor Relations, Alan Magleby, +1-410-454-5246, or Media, Mary Athridge, +1-212-805-6035, both of Legg Mason, Inc. Web Site: http://www.leggmason.com

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