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Press release from PR Newswire

Legg Mason Reports Assets Under Management for September 2010

Tuesday, October 12, 2010

Legg Mason Reports Assets Under Management for September 201008:00 EDT Tuesday, October 12, 2010- Second Quarter Fiscal 2011 Earnings Will Be Announced on Wednesday, October 27th -BALTIMORE, Oct. 12 /PRNewswire-FirstCall/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $674 billion as of September 30, 2010.  LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminarySeptember 2010June 2010March 2010December 2009September 2009Equity $169.6$155.8$173.8$168.7$165.6Fixed Income 371.6357.9364.3365.8385.7  Long-Term 541.2513.7538.1534.5551.3Liquidity 132.3131.7146.4147.1151.4  Total $673.5$645.4$684.5$681.6$702.7A 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. on October 27, 2010. This call will be open to the general public.  Interested participants can access the conference call by dialing 1-866-843-0890 (or for international calls 1-412-317-9250) enter elite number 2878175 when prompted.  Please dial in at least 10 minutes prior to the scheduled start to ensure connection.  The call will also be accessible through the firm's website at  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 1-877-344-7529 (or for international calls 1-412-317-0088), conference number 444905. Please note that the replay will be available beginning at 5:00 p.m. E.D.T. on Wednesday, October 27, 2010 and ending on November 11, 2010. About Legg Mason Legg Mason is a global asset management firm with $674 billion in assets under management as of September 30, 2010. 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: Investors:, Alan Magleby, +1-410-454-5246,, or Media: Mary Athridge, +1-212-805-6035,, both of Legg Mason