BALTIMORE, June 12, 2012 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $627 billion as of May 31, 2012.  This month's AUM reflects the previously disclosed transfer of $1.9 billion of liquidity assets to Morgan Stanley Smith Barney.

LEGG MASON, INC. AND SUBSIDIARIES
(Amounts in billions)
(Unaudited)
Assets Under Management
			Preliminary
			May 2012		April 2012		March 2012		December 2011		September 2011		June 2011
Equity			$             146.3		$             159.4		$             163.4		$             153.3		$             144.9		$             181.5
Fixed Income			357.9		359.6		356.1		352.6		355.5		365.4
	Long-Term		504.2		519.0		519.5		505.9		500.4		546.9
Liquidity			123.2		120.3		123.8		121.1		111.4		115.6
	Total		$             627.4		$             639.3		$             643.3		$             627.0		$             611.8		$             662.5

About Legg Mason

Legg Mason is a global asset management firm with $627 billion in assets under management as of May 31, 2012. 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, afmagleby@leggmason.com or Media, Mary Athridge, +1-212-805-6035, mkathridge@leggmason.com