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LEGG MASON NAMES DONALD E. FROUDE HEAD OF U.S. RETAIL DISTRIBUTION

Baltimore, October 4, 2006 - Legg Mason, Inc. (NYSE: LM) today announced the appointment of Donald E. Froude as managing director and head of U.S. Distribution. With almost 30 years of investment services experience, Froude will be responsible for the group's overall management including sales, marketing, client service, product development and business development throughout the United States.

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For further information:
Mary Athridge
Legg Mason
212.559.0104