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Press release from PR Newswire

Legg Mason Reports Assets Under Management for April 2011

Wednesday, May 11, 2011

Legg Mason Reports Assets Under Management for April 201107:55 EDT Wednesday, May 11, 2011BALTIMORE, Md., May 11, 2011 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $672 billion as of April 30, 2011.  This month's AUM reflects the previously disclosed transfer of $16 billion of liquidity assets to Morgan Stanley Smith Barney, as well as the divestiture of Barrett Associates that reduced long-term assets under management by $1 billion.LEGG MASON, INC. AND SUBSIDIARIES(Amounts in billions)(Unaudited)Assets Under ManagementPreliminary April 2011March 2011December 2010September 2010June 2010Equity$             191.3$             189.6$             184.2$             169.6$             155.8Fixed Income364.9356.6355.8371.6357.9Long-Term556.2546.2540.0541.2513.7Liquidity115.8131.4131.8132.3131.7Total$             672.0$             677.6$             671.8$             673.5$             645.4About Legg Mason Legg Mason is a global asset management firm with $672 billion in assets under management as of April 30, 2011. 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,; Media: Mary Athridge, +1-212-805-6035,