UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2008
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Legg Mason, Inc.
Address: 100 Light Street
Baltimore, MD 21202
13F File Number: 28-1700
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Peter L. Bain
Title: Executive Vice President
Phone: 410-454-3227
Signature, Place, and Date of Signing:
Peter L. Bain Baltimore, MD November 14, 2008
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-3428 Private Capital Management, L.P.
28-3780 Royce & Associates, LLC
28-3658 Barrett Associates, Inc.
28-1801 Bartlett & Co.
28-0377 Batterymarch Financial Management, Inc.
28-2204 Brandywine Global Investment Management, LLC
28-1701 Legg Mason Capital Management, Inc.
28-6397 Legg Mason Investment Counsel & Trust Co, NA
28-6399 LMM, LLC
28-10245 Western Asset Management Company
28-6251 Legg Mason International Equities
28-11345 Legg Mason Investment Counsel, LLC
28-11611 ClearBridge Advisors, LLC
28-2568 ClearBridge Asset Management, Inc.
28-11198 Legg Mason Asset Management (Japan) Co. Ltd
28- Global Currents Investment Management, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 154
Form13F Information Table Value Total: $50,861 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
1 28- Miscellaneous
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACCENTURE LTD BERMUDA CL A G1150G111 365 9600 SH DEFINED 1 9600 0 0
ACE LTD SHS H0023R105 189 3500 SH DEFINED 1 3500 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 123 3100 SH DEFINED 1 3100 0 0
ADVANCED SEMICONDUCTOR ENGR SPONSORED ADR 00756M404 213 83700 SH DEFINED 1 83700 0 0
AEROPOSTALE COM 007865108 28 850 SH DEFINED 1 850 0 0
AETNA INC NEW COM 00817Y108 260 7200 SH DEFINED 1 7200 0 0
AFLAC INC COM 001055102 357 6070 SH DEFINED 1 6070 0 0
AGCO CORP COM 001084102 167 3900 SH DEFINED 1 3900 0 0
AGRIUM INC COM 008916108 253 4500 SH DEFINED 1 4500 0 0
AK STL HLDG CORP COM 001547108 297 11440 SH DEFINED 1 11440 0 0
ALCOA INC COM 013817101 323 14300 SH DEFINED 1 14300 0 0
ALTRIA GROUP INC COM 02209S103 425 21375 SH DEFINED 1 21375 0 0
AMGEN INC COM 031162100 878 14800 SH DEFINED 1 14800 0 0
ANHEUSER BUSCH COS INC COM 035229103 429 6600 SH DEFINED 1 6600 0 0
ANNALY CAP MGMT INC COM 035710409 37 2700 SH DEFINED 1 2700 0 0
APOLLO GROUP INC CL A 037604105 422 7100 SH DEFINED 1 7100 0 0
ARCH COAL INC COM 039380100 17 500 SH DEFINED 1 500 0 0
ASSURANT INC COM 04621X108 583 10600 SH DEFINED 1 10600 0 0
AT&T INC COM 00206R102 397 14217 SH DEFINED 1 14217 0 0
BALLY TECHNOLOGIES INC COM 05874B107 158 5190 SH DEFINED 1 5190 0 0
BANK HAWAII CORP COM 062540109 327 6110 SH DEFINED 1 6110 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 189 4100 SH DEFINED 1 4100 0 0
BANK OF AMERICA CORPORATION COM 060505104 1050 30000 SH DEFINED 1 30000 0 0
BAXTER INTL INC COM 071813109 86 1300 SH DEFINED 1 1300 0 0
BIG LOTS INC COM 089302103 61 2190 SH DEFINED 1 2190 0 0
BMC SOFTWARE INC COM 055921100 33 1130 SH DEFINED 1 1130 0 0
BRINKS CO COM 109696104 177 2900 SH DEFINED 1 2900 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 34 5700 SH DEFINED 1 5700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 272 9900 SH DEFINED 1 9900 0 0
CATERPILLAR INC DEL COM 149123101 191 3200 SH DEFINED 1 3200 0 0
CELANESE CORP DEL COM SER A 150870103 26 900 SH DEFINED 1 900 0 0
CF INDS HLDGS INC COM 125269100 261 2850 SH DEFINED 1 2850 0 0
CHEVRON CORP NEW COM 166764100 744 9010 SH DEFINED 1 9010 0 0
CHUBB CORP COM 171232101 357 6500 SH DEFINED 1 6500 0 0
CIMAREX ENERGY CO COM 171798101 216 4400 SH DEFINED 1 4400 0 0
CISCO SYS INC COM 17275R102 465 20600 SH DEFINED 1 20600 0 0
CITIGROUP INC COM 172967101 480 23400 SH DEFINED 1 23400 0 0
CLOROX CO DEL COM 189054109 427 6800 SH DEFINED 1 6800 0 0
COCA COLA CO COM 191216100 471 8900 SH DEFINED 1 8900 0 0
CONOCOPHILLIPS COM 20825C104 752 10264 SH DEFINED 1 10264 0 0
CONSTELLATION BRANDS INC CL A 21036P108 212 9840 SH DEFINED 1 9840 0 0
CSX CORP COM 126408103 350 6400 SH DEFINED 1 6400 0 0
CULLEN FROST BANKERS INC COM 229899109 345 5740 SH DEFINED 1 5740 0 0
CUMMINS INC COM 231021106 175 4000 SH DEFINED 1 4000 0 0
CVS CAREMARK CORPORATION COM 126650100 448 13290 SH DEFINED 1 13290 0 0
DELL INC COM 24702R101 501 30400 SH DEFINED 1 30400 0 0
DEVON ENERGY CORP NEW COM 25179M103 767 8400 SH DEFINED 1 8400 0 0
DIRECTV GROUP INC COM 25459L106 337 12840 SH DEFINED 1 12840 0 0
DISH NETWORK CORP CL A 25470M109 38 1800 SH DEFINED 1 1800 0 0
DISNEY WALT CO COM DISNEY 254687106 513 16700 SH DEFINED 1 16700 0 0
DOMINION RES INC VA NEW COM 25746U109 332 7760 SH DEFINED 1 7760 0 0
DPL INC COM 233293109 33 1330 SH DEFINED 1 1330 0 0
DR PEPPER SNAPPLE GROUP INC COM 26138E109 210 7900 SH DEFINED 1 7900 0 0
EDISON INTL COM 281020107 192 4800 SH DEFINED 1 4800 0 0
EL PASO CORP COM 28336L109 134 10500 SH DEFINED 1 10500 0 0
ENTERGY CORP NEW COM 29364G103 214 2400 SH DEFINED 1 2400 0 0
EXPRESS SCRIPTS INC COM 302182100 126 1700 SH DEFINED 1 1700 0 0
EXXON MOBIL CORP COM 30231G102 931 11980 SH DEFINED 1 11980 0 0
FAIRFAX FINL HLDGS LTD SUB VTG 303901102 33 100 SH DEFINED 1 100 0 0
FLOWSERVE CORP COM 34354P105 214 2400 SH DEFINED 1 2400 0 0
FLUOR CORP NEW COM 343412102 45 800 SH DEFINED 1 800 0 0
FORDING CDN COAL TR TR UNIT 345425102 67 800 SH DEFINED 1 800 0 0
FOREST LABS INC COM 345838106 165 5800 SH DEFINED 1 5800 0 0
GAP INC DEL COM 364760108 152 8500 SH DEFINED 1 8500 0 0
GENERAL ELECTRIC CO COM 369604103 1269 49735 SH DEFINED 1 49735 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 233 24200 SH DEFINED 1 24200 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 128 1000 SH DEFINED 1 1000 0 0
HEINZ H J CO COM 423074103 685 13700 SH DEFINED 1 13700 0 0
HERBALIFE LTD COM G4412G101 223 5640 SH DEFINED 1 5640 0 0
HEWLETT PACKARD CO COM 428236103 1030 22267 SH DEFINED 1 22267 0 0
HIGHWOODS PPTYS INC COM 431284108 28 770 SH DEFINED 1 770 0 0
HUDSON CITY BANCORP COM 443683107 191 10300 SH DEFINED 1 10300 0 0
HUMANA INC COM 444859102 112 2700 SH DEFINED 1 2700 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 197 5900 SH DEFINED 1 5900 0 0
INTEL CORP COM 458140100 1226 65410 SH DEFINED 1 65410 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1197 10231 SH DEFINED 1 10231 0 0
INVITROGEN CORP COM 46185R100 242 6400 SH DEFINED 1 6400 0 0
ISHARES TR RUSSELL 2000 464287655 164 2400 SH DEFINED 1 2400 0 0
ISHARES TR MSCI EAFE IDX 464287465 806 14300 SH DEFINED 1 14300 0 0
ISHARES TR RUSSELL1000GRW 464287614 845 17400 SH DEFINED 1 17400 0 0
ISHARES TR RUSSELL1000VAL 464287598 346 5400 SH DEFINED 1 5400 0 0
JOHNSON & JOHNSON COM 478160104 1442 20800 SH DEFINED 1 20800 0 0
JPMORGAN & CHASE & CO COM 46625H100 225 4813 SH DEFINED 1 4813 0 0
KBR INC COM 48242W106 91 5940 SH DEFINED 1 5940 0 0
KINETIC CONCEPTS INC COM NEW 49460W208 18 600 SH DEFINED 1 600 0 0
KROGER CO COM 501044101 69 2500 SH DEFINED 1 2500 0 0
LEXMARK INTL NEW CL A 529771107 83 2520 SH DEFINED 1 2520 0 0
LILLY ELI & CO COM 532457108 287 6500 SH DEFINED 1 6500 0 0
MAIDENFORM BRANDS INC COM 560305104 421 29000 SH DEFINED 1 29000 0 0
MANULIFE FINL CORP COM 56501R106 237 6459 SH DEFINED 1 6459 0 0
MCDONALDS CORP COM 580135101 402 6500 SH DEFINED 1 6500 0 0
MEDTRONIC INC COM 585055106 512 10200 SH DEFINED 1 10200 0 0
MICROSOFT CORP COM 594918104 1001 37490 SH DEFINED 1 37490 0 0
MYLAN INC COM 628530107 548 47900 SH DEFINED 1 47900 0 0
NABORS INDUSTRIES LTD SHS G6359F103 160 6400 SH DEFINED 1 6400 0 0
NEWS CORP CL B 65248E203 431 35400 SH DEFINED 1 35400 0 0
NEXEN INC COM 65334H102 107 4600 SH DEFINED 1 4600 0 0
NIKE INC CL B 654106103 211 3150 SH DEFINED 1 3150 0 0
NORFOLK SOUTHERN CORP COM 655844108 298 4500 SH DEFINED 1 4500 0 0
NORTHERN TR CORP COM 665859104 253 3500 SH DEFINED 1 3500 0 0
NRG ENERGY INC COM NEW 629377508 505 20400 SH DEFINED 1 20400 0 0
NUCOR CORP COM 670346105 135 3400 SH DEFINED 1 3400 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 474 6720 SH DEFINED 1 6720 0 0
OIL STS INTL INC COM 678026105 170 4800 SH DEFINED 1 4800 0 0
OM GROUP INC COM 670872100 203 9000 SH DEFINED 1 9000 0 0
ORACLE CORP COM 68389X105 1249 61450 SH DEFINED 1 61450 0 0
PATTERSON UTI ENERGY INC COM 703481101 157 7800 SH DEFINED 1 7800 0 0
PEABODY ENERGY CORP COM 704549104 171 3800 SH DEFINED 1 3800 0 0
PEPCO HOLDINGS INC COM 713291102 28 1200 SH DEFINED 1 1200 0 0
PFIZER INC COM 717081103 672 36400 SH DEFINED 1 36400 0 0
PHILIP MORRIS INTL INC COM 718172109 439 9110 SH DEFINED 1 9110 0 0
POTASH CORP SASK INC COM 73755L107 304 2300 SH DEFINED 1 2300 0 0
PROCTER & GAMBLE CO COM 742718109 419 6000 SH DEFINED 1 6000 0 0
QUALCOMM INC COM 747525103 35 800 SH DEFINED 1 800 0 0
RALCORP HLDGS INC NEW COM 751028101 243 3600 SH DEFINED 1 3600 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 81 2440 SH DEFINED 1 2440 0 0
RESEARCH IN MOTION LTD COM 760975102 270 3950 SH DEFINED 1 3950 0 0
REYNOLDS AMERICAN INC COM 761713106 30 600 SH DEFINED 1 600 0 0
ROSS STORES INC COM 778296103 214 5800 SH DEFINED 1 5800 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 357 7430 SH DEFINED 1 7430 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 422 18800 SH DEFINED 1 18800 0 0
SANDISK CORP COM 80004C101 198 10100 SH DEFINED 1 10100 0 0
SARA LEE CORP COM 803111103 712 56349 SH DEFINED 1 56349 0 0
SCHERING PLOUGH CORP COM 806605101 451 24400 SH DEFINED 1 24400 0 0
SLM CORP COM 78442P106 304 24600 SH DEFINED 1 24600 0 0
SNAP ON INC COM 833034101 37 700 SH DEFINED 1 700 0 0
STANCORP FINL GROUP INC COM 852891100 37 700 SH DEFINED 1 700 0 0
STATE STR CORP COM 857477103 194 3400 SH DEFINED 1 3400 0 0
STEEL DYNAMICS INC COM 858119100 35 2000 SH DEFINED 1 2000 0 0
SYBASE INC COM 871130100 135 4400 SH DEFINED 1 4400 0 0
SYSCO CORP COM 871829107 170 5500 SH DEFINED 1 5500 0 0
TATA MTRS LTD SPONSORED ADR 876568502 173 22500 SH DEFINED 1 22500 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 202 12100 SH DEFINED 1 12100 0 0
TERRA INDS INC COM 880915103 30 1000 SH DEFINED 1 1000 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 408 8900 SH DEFINED 1 8900 0 0
TIMKEN CO COM 887389104 154 5400 SH DEFINED 1 5400 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 283 4640 SH DEFINED 1 4640 0 0
TRAVELERS COMPANIES INC COM 89417E109 428 9460 SH DEFINED 1 9460 0 0
TYCO INTL LTD BERMUDA SHS G9143X208 29 800 SH DEFINED 1 800 0 0
TYSON FOODS INC CL A 902494103 485 40600 SH DEFINED 1 40600 0 0
UBS AG SHS NEW H89231338 185 10538 SH DEFINED 1 10538 0 0
UNION PAC CORP COM 907818108 335 4700 SH DEFINED 1 4700 0 0
UNIT CORP COM 909218109 185 3700 SH DEFINED 1 3700 0 0
UNITED STATES STL CORP NEW COM 912909108 70 900 SH DEFINED 1 900 0 0
UNITED TECHNOLOGIES CORP COM 913017109 49 800 SH DEFINED 1 800 0 0
UNUM GROUP COM 91529Y106 480 19100 SH DEFINED 1 19100 0 0
US BANCORP DEL COM NEW 902973304 786 21800 SH DEFINED 1 21800 0 0
VANGUARD INDEX FDS REIT ETF 922908553 438 7200 SH DEFINED 1 7200 0 0
VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 101 2900 SH DEFINED 1 2900 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 735 22900 SH DEFINED 1 22900 0 0
WAL MART STORES INC COM 931142103 786 13122 SH DEFINED 1 13122 0 0
WARNACO GROUP INC COM NEW 934390402 37 800 SH DEFINED 1 800 0 0
WESTERN DIGITAL CORP COM 958102105 255 11950 SH DEFINED 1 11950 0 0
WILLIAMS COS INC DEL COM 969457100 223 9400 SH DEFINED 1 9400 0 0
WYETH COM 983024100 584 15800 SH DEFINED 1 15800 0 0