UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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 May 15, 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
28-4024 Smith Barney Fund Management, LLC
28-2568 ClearBridge Asset Management, Inc.
28-11198 Legg Mason Asset Management (Japan) Co. Ltd
28-12558 Legg Mason Private Portfolio Group, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 147
Form13F Information Table Value Total: $68,077 (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$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ACCENTURE LTD BERMUDA CL A G1150G111 64 1800 SH DEFINED 1 1800 0 0
ADMINISTRADORA FONDOS PENSIO SPONSORED ADR 00709P108 352 9500 SH DEFINED 1 9500 0 0
AEROPOSTALE COM 007865108 24 850 SH DEFINED 1 850 0 0
AETNA INC NEW COM 00817Y108 868 20600 SH DEFINED 1 20600 0 0
AGRIUM INC COM 008916108 553 8900 SH DEFINED 1 8900 0 0
AK STL HLDG CORP COM 001547108 868 15940 SH DEFINED 1 15940 0 0
ALBERTO CULVER CO NEW COM 013078100 234 8530 SH DEFINED 1 8530 0 0
ALLIED WASTE INDS INC COM PAR$.01NEW 019589308 386 35700 SH DEFINED 1 35700 0 0
ALTO PALERMO S A SPONSORED ADR 02151P107 5 300 SH DEFINED 1 300 0 0
ALTRIA GROUP INC COM 02209S103 286 12840 SH DEFINED 1 12840 0 0
AMERICAN INTL GROUP INC COM 026874107 322 7440 SH DEFINED 1 7440 0 0
ANNALY CAP MGMT INC COM 035710409 56 3600 SH DEFINED 1 3600 0 0
APOLLO GROUP INC CL A 037604105 61 1400 SH DEFINED 1 1400 0 0
ARCH CAP GROUP LTD ORD G0450A105 193 2800 SH DEFINED 1 2800 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 257 6230 SH DEFINED 1 6230 0 0
ASSURANT INC COM 04621X108 871 14300 SH DEFINED 1 14300 0 0
AT&T INC COM 00206R102 1120 29217 SH DEFINED 1 29217 0 0
AVNET INC COM 053807103 287 8750 SH DEFINED 1 8750 0 0
AXIS CAPITAL HOLDINGS SHS G0692U109 31 900 SH DEFINED 1 900 0 0
BALLY TECHNOLOGIES INC COM 05874B107 179 5190 SH DEFINED 1 5190 0 0
BANCO MACRO SA SPON ADR B 05961W105 74 2900 SH DEFINED 1 2900 0 0
BANK HAWAII CORP COM 062540109 274 5520 SH DEFINED 1 5520 0 0
BANK OF AMERICA CORPORATION COM 060505104 512 13500 SH DEFINED 1 13500 0 0
BAXTER INTL INC COM 071813109 180 3100 SH DEFINED 1 3100 0 0
BIG LOTS INC COM 089302103 176 7870 SH DEFINED 1 7870 0 0
BIOGEN IDEC INC COM 09062X103 442 7150 SH DEFINED 1 7150 0 0
BMC SOFTWARE INC COM 055921100 1127 34635 SH DEFINED 1 34635 0 0
BRINKER INTL INC COM 109641100 51 2700 SH DEFINED 1 2700 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 354 16600 SH DEFINED 1 16600 0 0
CALPINE CORP COM NEW 131347304 63 3400 SH DEFINED 1 3400 0 0
CELANESE CORP DEL COM SER A 150870103 36 900 SH DEFINED 1 900 0 0
CF INDS HLDGS INC COM 125269100 456 4400 SH DEFINED 1 4400 0 0
CHEVRON CORP NEW COM 166764100 1423 16660 SH DEFINED 1 16660 0 0
CHINA DIGITAL TV HLDG CO LTD SPONSORED ADR 16938G107 11189 599600 SH DEFINED 1 599600 0 0
CHUBB CORP COM 171232101 253 5100 SH DEFINED 1 5100 0 0
CIMAREX ENERGY CO COM 171798101 241 4400 SH DEFINED 1 4400 0 0
CITIGROUP INC COM 172967101 303 14100 SH DEFINED 1 14100 0 0
COCA COLA CO COM 191216100 661 10850 SH DEFINED 1 10850 0 0
COCA COLA ENTERPRISES INC COM 191219104 187 7700 SH DEFINED 1 7700 0 0
CONOCOPHILLIPS COM 20825C104 943 12364 SH DEFINED 1 12364 0 0
COPART INC COM 217204106 90 2300 SH DEFINED 1 2300 0 0
CORN PRODS INTL INC COM 219023108 179 4800 SH DEFINED 1 4800 0 0
CORNING INC COM 219350105 431 17900 SH DEFINED 1 17900 0 0
COVENTRY HEALTH CARE INC COM 222862104 21 500 SH DEFINED 1 500 0 0
CROCS INC COM 227046109 233 13300 SH DEFINED 1 13300 0 0
CTRIP COM INTL LTD ADR 22943F100 158 2966 SH DEFINED 1 2966 0 0
CULLEN FROST BANKERS INC COM 229899109 277 5210 SH DEFINED 1 5210 0 0
CVS CAREMARK CORPORATION COM 126650100 421 10390 SH DEFINED 1 10390 0 0
DAIMLER AG REG SHS D1668R123 86 1000 SH DEFINED 1 1000 0 0
DEERE & CO COM 244199105 596 7400 SH DEFINED 1 7400 0 0
DEVON ENERGY CORP NEW COM 25179M103 741 7100 SH DEFINED 1 7100 0 0
DEVRY INC DEL COM 251893103 72 1700 SH DEFINED 1 1700 0 0
DIRECTV GROUP INC COM 25459L106 248 9980 SH DEFINED 1 9980 0 0
DISTRIBUCION Y SERVICIO D&S SPONSORED ADR 254753106 69 2800 SH DEFINED 1 2800 0 0
DONNELLEY R R & SONS CO COM 257867101 241 7950 SH DEFINED 1 7950 0 0
EL PASO CORP COM 28336L109 230 13800 SH DEFINED 1 13800 0 0
EXXON MOBIL CORP COM 30231G102 2149 25400 SH DEFINED 1 25400 0 0
FEDERATED INVS INC PA CL B 314211103 247 6290 SH DEFINED 1 6290 0 0
FLOWSERVE CORP COM 34354P105 376 3600 SH DEFINED 1 3600 0 0
FORDING CDN COAL TR TR UNIT 345425102 42 800 SH DEFINED 1 800 0 0
FOREST LABS INC COM 345838106 446 11130 SH DEFINED 1 11130 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 87 900 SH DEFINED 1 900 0 0
FRONTLINE LTD SHS G3682E127 42 900 SH DEFINED 1 900 0 0
GAMESTOP CORP NEW CL A 36467W109 186 3589 SH DEFINED 1 3589 0 0
GENERAL CABLE CORP DEL NEW COM 369300108 30 500 SH DEFINED 1 500 0 0
GENERAL ELECTRIC CO COM 369604103 139 3735 SH DEFINED 1 3735 0 0
HEALTH NET INC COM 42222G108 265 8600 SH DEFINED 1 8600 0 0
HERBALIFE LTD COM USD SHS G4412G101 154 3240 SH DEFINED 1 3240 0 0
HESS CORP COM 42809H107 53 600 SH DEFINED 1 600 0 0
HEWLETT PACKARD CO COM 428236103 1632 35727 SH DEFINED 1 35727 0 0
HUBBELL INC CL B 443510201 123 2800 SH DEFINED 1 2800 0 0
HUMANA INC COM 444859102 413 9200 SH DEFINED 1 9200 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 301 8400 SH DEFINED 1 8400 0 0
INTEL CORP COM 458140100 52 2410 SH DEFINED 1 2410 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1426 12379 SH DEFINED 1 12379 0 0
INVESTMENT TECHNOLOGY GRP NE COM 46145F105 26 560 SH DEFINED 1 560 0 0
INVITROGEN CORP COM 46185R100 283 3300 SH DEFINED 1 3300 0 0
JOHNSON CTLS INC COM 478366107 183 5400 SH DEFINED 1 5400 0 0
JONES LANG LASALLE INC COM 48020Q107 31 400 SH DEFINED 1 400 0 0
JP MORGAN CHASE & CO COM 46625H100 700 16283 SH DEFINED 1 16283 0 0
KINETIC CONCEPTS INC COM NEW 49460W208 28 600 SH DEFINED 1 600 0 0
KING PHARMACEUTICALS INC COM 495582108 430 49400 SH DEFINED 1 49400 0 0
KROGER CO COM 501044101 531 20890 SH DEFINED 1 20890 0 0
LAM RESEARCH CORP COM 512807108 20 500 SH DEFINED 1 500 0 0
LAUDER ESTEE COS INC CL A 518439104 198 4300 SH DEFINED 1 4300 0 0
LEXMARK INTL NEW CL A 529771107 493 16040 SH DEFINED 1 16040 0 0
LILLY ELI & CO COM 532457108 382 7400 SH DEFINED 1 7400 0 0
LOCKHEED MARTIN CORP COM 539830109 219 2200 SH DEFINED 1 2200 0 0
MANITOWOC INC COM 563571108 490 12000 SH DEFINED 1 12000 0 0
MANPOWER INC COM 56418H100 136 2400 SH DEFINED 1 2400 0 0
MANULIFE FINL CORP COM 56501R106 287 7549 SH DEFINED 1 7549 0 0
MCDONALDS CORP COM 580135101 28 500 SH DEFINED 1 500 0 0
MEMC ELECTR MATLS INC COM 552715104 61 850 SH DEFINED 1 850 0 0
MERCK & CO INC COM 589331107 190 5000 SH DEFINED 1 5000 0 0
METLIFE INC COM 59156R108 642 10650 SH DEFINED 1 10650 0 0
MICROSOFT CORP COM 594918104 1112 39150 SH DEFINED 1 39150 0 0
NASDAQ OMX GROUP INC COM 631103108 47 1200 SH DEFINED 1 1200 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 5079 78300 SH DEFINED 1 78300 0 0
NIKE INC CL B 654106103 41 600 SH DEFINED 1 600 0 0
NOBLE ENERGY INC COM 655044105 248 3400 SH DEFINED 1 3400 0 0
NORTHERN TR CORP COM 665859104 200 3000 SH DEFINED 1 3000 0 0
NORTHROP GRUMMAN CORP COM 666807102 320 4100 SH DEFINED 1 4100 0 0
NOVA CHEMICALS CORP COM 66977W109 308 12900 SH DEFINED 1 12900 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 681 9300 SH DEFINED 1 9300 0 0
OGE ENERGY CORP COM 670837103 833 26700 SH DEFINED 1 26700 0 0
ORACLE CORP COM 68389X105 772 39450 SH DEFINED 1 39450 0 0
OWENS ILL INC COM NEW 690768403 283 5000 SH DEFINED 1 5000 0 0
PEPCO HOLDINGS INC COM 713291102 30 1200 SH DEFINED 1 1200 0 0
PEPSI BOTTLING GROUP INC COM 713409100 133 3900 SH DEFINED 1 3900 0 0
PETRO-CDA COM 71644E102 565 13000 SH DEFINED 1 13000 0 0
PFIZER INC COM 717081103 1223 58411 SH DEFINED 1 58411 0 0
POTASH CORP SASK INC COM 73755L107 326 2100 SH DEFINED 1 2100 0 0
PRICELINE COM INC COM NEW 741503403 629 5200 SH DEFINED 1 5200 0 0
PROCTER & GAMBLE CO COM 742718109 551 7850 SH DEFINED 1 7850 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 435 10800 SH DEFINED 1 10800 0 0
QUALCOMM INC COM 747525103 41 1000 SH DEFINED 1 1000 0 0
QWEST COMMUNICATIONS INTL IN COM 749121109 130 28500 SH DEFINED 1 28500 0 0
RADIOSHACK CORP COM 750438103 273 16800 SH DEFINED 1 16800 0 0
RAYTHEON CO COM NEW 755111507 117 1800 SH DEFINED 1 1800 0 0
ROCKWELL AUTOMATION INC COM 773903109 115 2000 SH DEFINED 1 2000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 212 5900 SH DEFINED 1 5900 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 248 5330 SH DEFINED 1 5330 0 0
SAFEWAY INC COM NEW 786514208 54 1830 SH DEFINED 1 1830 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 36 1500 SH DEFINED 1 1500 0 0
SHERWIN WILLIAMS CO COM 824348106 82 1600 SH DEFINED 1 1600 0 0
SNAP ON INC COM 833034101 36 700 SH DEFINED 1 700 0 0
SOTHEBYS COM 835898107 87 3000 SH DEFINED 1 3000 0 0
STEEL DYNAMICS INC COM 858119100 67 2000 SH DEFINED 1 2000 0 0
SYBASE INC COM 871130100 116 4400 SH DEFINED 1 4400 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 223 13500 SH DEFINED 1 13500 0 0
TERRA INDS INC COM 880915103 36 1000 SH DEFINED 1 1000 0 0
TEXAS INSTRS INC COM 882508104 26 900 SH DEFINED 1 900 0 0
TJX COS INC NEW COM 872540109 440 13300 SH DEFINED 1 13300 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 261 4240 SH DEFINED 1 4240 0 0
TRAVELERS COMPANIES INC COM 89417E109 683 14260 SH DEFINED 1 14260 0 0
TUPPERWARE BRANDS CORP COM 899896104 43 1100 SH DEFINED 1 1100 0 0
UGI CORP NEW COM 902681105 9 350 SH DEFINED 1 350 0 0
UNITEDHEALTH GROUP INC COM 91324P102 499 14500 SH DEFINED 1 14500 0 0
UNUM GROUP COM 91529Y106 588 26700 SH DEFINED 1 26700 0 0
VISHAY INTERTECHNOLOGY INC COM 928298108 52 5700 SH DEFINED 1 5700 0 0
WADDELL & REED FINL INC CL A 930059100 31 960 SH DEFINED 1 960 0 0
WAL MART STORES INC COM 931142103 674 12782 SH DEFINED 1 12782 0 0
WELLPOINT INC COM 94973V107 711 16100 SH DEFINED 1 16100 0 0
WESTERN DIGITAL CORP COM 958102105 1047 38700 SH DEFINED 1 38700 0 0
WILLIAMS COS INC DEL COM 969457100 284 8600 SH DEFINED 1 8600 0 0
WSP HOLDINGS LIMITED ADR 92934F104 3278 475071 SH DEFINED 1 475071 0 0
XEROX CORP COM 984121103 186 12400 SH DEFINED 1 12400 0 0