Baltimore, MD - October 18, 2005 - Legg Mason, Inc. (NYSE: LM) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock in the amount of $0.18 per share, payable January 3, 2006 to shareholders of record at the close of business on December 21, 2005.

Legg Mason, Inc., headquartered in Baltimore, is a holding company that provides asset management, securities brokerage, investment banking and related financial services through its subsidiaries.

For further information:
Jeffrey Bukowski
Corporate Communications
(410) 454-2616