Legg Mason Classic Valuation Fund

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FULL HOLDINGS as of Sep-30-2008
IDENTIFIERHOLDINGS (UNAUDITED)MARKET VALUE% OF PORTFOLIO
931142103 Wal-Mart Stores Inc $3,275,983.00 6.45
886423102 Tidewater Inc $2,087,072.00 4.11
46625H100 JPMorgan Chase & Co $2,064,140.00 4.06
892331307 Toyota Motor Corp ADR $1,956,240.00 3.85
571748102 Marsh & McLennan Companies Inc $1,877,016.00 3.70
20030N101 Comcast Corp $1,864,850.00 3.67
G7945J104 Seagate Technology $1,833,756.00 3.61
369604103 General Electric Co $1,813,050.00 3.57
844741108 Southwest Airlines Co $1,758,612.00 3.46
G0692U109 Axis Capital Holdings Ltd $1,575,987.00 3.10
30231G102 Exxon Mobil Corp $1,467,774.00 2.89
20825C104 ConocoPhillips $1,380,323.00 2.72
654902204 Nokia Corp $1,258,875.00 2.48
172967101 Citigroup Inc $1,251,110.00 2.46
717081103 Pfizer Inc $1,239,168.00 2.44
101137107 Boston Scientific Corp $1,168,104.00 2.30
031162100 Amgen Inc $1,132,057.00 2.23
458140100 Intel Corp $1,106,943.00 2.18
38141G104 Goldman Sachs Group Inc $1,088,000.00 2.14
013817101 Alcoa Inc $1,043,196.00 2.05
097023105 Boeing Co $1,038,035.00 2.04
887317105 Time Warner Inc $1,027,824.00 2.02
786514208 Safeway Inc $967,776.00 1.91
110122108 Bristol Myers Squibb Co $921,570.00 1.81
88033G100 Tenet Healthcare Corp $910,755.00 1.79
500255104 Kohls Corp $875,520.00 1.72
263534109 Du Pont E I De Nemours $858,390.00 1.69
832248108 Smithfield Foods Inc $854,344.00 1.68
G6359F103 Nabors Industries Ltd $847,280.00 1.67
24702R101 Dell Inc $827,296.00 1.63
G90073100 Transocean Inc $824,239.36 1.62
171232101 Chubb Corp $812,520.00 1.60
478160104 Johnson & Johnson $810,576.00 1.60
260543103 Dow Chem Co $804,034.00 1.58
459200101 IBM Corp $795,328.00 1.57
651639106 Newmont Mng Corp $755,820.00 1.49
590188108 Merrill Lynch & Co Inc $743,820.00 1.46
242370104 Dean Foods Co $668,096.00 1.32
060505104 Bank of America Corp $647,500.00 1.28
039380100 ARCH COAL INC $513,084.00 1.01
254687106 Walt Disney Co $491,040.00 0.97
254709108 DISCOVER FINL SVCS $360,702.00 0.71
208464883 CONSECO INC $308,352.00 0.61
999USDZ92 US Dollar $293,782.19 0.58
162991004 Chase Manhattan Repo $293,782.00 0.58
26817G102 DYNEGY INC DEL $196,262.76 0.39
969457100 Williams Cos Inc $92,235.00 0.18



Portfolio holdings are subject to change at any time without notice. This information is provided for information purposes only and should not be construed as a recommendation to purchase or sell any security. Does not include trade date activity.

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