UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 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 February 17, 2009
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
28-13247 Global Currents Investment Management, LLC
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 138
Form13F Information Table Value Total: $44,313 (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
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ABBOTT LABS COM 002824100 347 6500 SH DEFINED 1 6500 0 0
ACCENTURE LTD BERMUDA CL A G1150G111 456 13900 SH DEFINED 1 13900 0 0
ACE LTD SHS H0023R105 186 3500 SH DEFINED 1 3500 0 0
ADVANCE AUTO PARTS INC COM 00751Y106 105 3100 SH DEFINED 1 3100 0 0
AFLAC INC COM 001055102 279 6070 SH DEFINED 1 6070 0 0
ALTERA CORP COM 021441100 295 17600 SH DEFINED 1 17600 0 0
ALTRIA GROUP INC COM 02209S103 535 35475 SH DEFINED 1 35475 0 0
AMDOCS LTD ORD G02602103 313 17100 SH DEFINED 1 17100 0 0
AMGEN INC COM 031162100 1115 19300 SH DEFINED 1 19300 0 0
AON CORP COM 037389103 87 1900 SH DEFINED 1 1900 0 0
APOLLO GROUP INC CL A 037604105 935 12200 SH DEFINED 1 12200 0 0
APPLE INC COM 037833100 385 4500 SH DEFINED 1 4500 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 493 17100 SH DEFINED 1 17100 0 0
AT&T INC COM 00206R102 323 11317 SH DEFINED 1 11317 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 123 4500 SH DEFINED 1 4500 0 0
BANK OF AMERICA CORPORATION COM 060505104 78 5500 SH DEFINED 1 5500 0 0
BEMIS INC COM 081437105 29 1200 SH DEFINED 1 1200 0 0
BMC SOFTWARE INC COM 055921100 235 8730 SH DEFINED 1 8730 0 0
BRINKS HOME SEC HLDGS INC COM 109699108 64 2900 SH DEFINED 1 2900 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 286 12300 SH DEFINED 1 12300 0 0
BROADCOM CORP CL A 111320107 43 2500 SH DEFINED 1 2500 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 17 5700 SH DEFINED 1 5700 0 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 409 5400 SH DEFINED 1 5400 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 41 2000 SH DEFINED 1 2000 0 0
CHEVRON CORP NEW COM 166764100 488 6590 SH DEFINED 1 6590 0 0
CHUBB CORP COM 171232101 266 5200 SH DEFINED 1 5200 0 0
CISCO SYS INC COM 17275R102 982 60200 SH DEFINED 1 60200 0 0
COACH INC COM 189754104 48 2300 SH DEFINED 1 2300 0 0
COCA COLA CO COM 191216100 462 10200 SH DEFINED 1 10200 0 0
COLGATE PALMOLIVE CO COM 194162103 35 500 SH DEFINED 1 500 0 0
COMCAST CORP NEW CL A 20030N101 33 1900 SH DEFINED 1 1900 0 0
CONOCOPHILLIPS COM 20825C104 228 4400 SH DEFINED 1 4400 0 0
COSAN LTD SHS A G25343107 148 42500 SH DEFINED 1 42500 0 0
CSX CORP COM 126408103 221 6800 SH DEFINED 1 6800 0 0
CULLEN FROST BANKERS INC COM 229899109 165 3240 SH DEFINED 1 3240 0 0
CVS CAREMARK CORPORATION COM 126650100 27 930 SH DEFINED 1 930 0 0
DELL INC COM 24702R101 234 22800 SH DEFINED 1 22800 0 0
DEVON ENERGY CORP NEW COM 25179M103 428 6500 SH DEFINED 1 6500 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 148 2500 SH DEFINED 1 2500 0 0
DIRECTV GROUP INC COM 25459L106 343 14940 SH DEFINED 1 14940 0 0
DISNEY WALT CO COM DISNEY 254687106 332 14600 SH DEFINED 1 14600 0 0
DOMINION RES INC VA NEW COM 25746U109 279 7760 SH DEFINED 1 7760 0 0
DTE ENERGY CO COM 233331107 182 5100 SH DEFINED 1 5100 0 0
EDISON INTL COM 281020107 155 4800 SH DEFINED 1 4800 0 0
ENSCO INTL INC COM 26874Q100 245 8600 SH DEFINED 1 8600 0 0
ENTERGY CORP NEW COM 29364G103 200 2400 SH DEFINED 1 2400 0 0
EXPRESS SCRIPTS INC COM 302182100 215 3900 SH DEFINED 1 3900 0 0
EXXON MOBIL CORP COM 30231G102 1357 16990 SH DEFINED 1 16990 0 0
FAIRFAX FINL HLDGS LTD SUB VTG 303901102 220 700 SH DEFINED 1 700 0 0
FAMILY DLR STORES INC COM 307000109 113 4300 SH DEFINED 1 4300 0 0
FIRSTENERGY CORP COM 337932107 331 6800 SH DEFINED 1 6800 0 0
FLOWSERVE CORP COM 34354P105 124 2400 SH DEFINED 1 2400 0 0
FLUOR CORP NEW COM 343412102 36 800 SH DEFINED 1 800 0 0
FOREST LABS INC COM 345838106 148 5800 SH DEFINED 1 5800 0 0
GAP INC DEL COM 364760108 114 8500 SH DEFINED 1 8500 0 0
GENENTECH INC COM NEW 368710406 258 3100 SH DEFINED 1 3100 0 0
GENERAL DYNAMICS CORP COM 369550108 265 4600 SH DEFINED 1 4600 0 0
GENERAL ELECTRIC CO COM 369604103 837 51635 SH DEFINED 1 51635 0 0
GENUINE PARTS CO COM 372460105 319 8400 SH DEFINED 1 8400 0 0
GILEAD SCIENCES INC COM 375558103 372 7260 SH DEFINED 1 7260 0 0
GOLD FIELDS LTD NEW SPONSORED ADR 38059T106 288 29000 SH DEFINED 1 29000 0 0
HCC INS HLDGS INC COM 404132102 822 30700 SH DEFINED 1 30700 0 0
HCP INC COM 40414L109 45 1600 SH DEFINED 1 1600 0 0
HEINZ H J CO COM 423074103 564 15000 SH DEFINED 1 15000 0 0
HEWITT ASSOCS INC COM 42822Q100 263 9260 SH DEFINED 1 9260 0 0
HEWLETT PACKARD CO COM 428236103 655 18027 SH DEFINED 1 18027 0 0
HIGHWOODS PPTYS INC COM 431284108 22 770 SH DEFINED 1 770 0 0
HUDSON CITY BANCORP COM 443683107 165 10300 SH DEFINED 1 10300 0 0
HUMANA INC COM 444859102 101 2700 SH DEFINED 1 2700 0 0
INFOSYS TECHNOLOGIES LTD SPONSORED ADR 456788108 175 7100 SH DEFINED 1 7100 0 0
INTEL CORP COM 458140100 512 34900 SH DEFINED 1 34900 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 811 9631 SH DEFINED 1 9631 0 0
ISHARES TR MSCI EAFE IDX 464287465 727 16200 SH DEFINED 1 16200 0 0
ISHARES TR RUSSELL1000VAL 464287598 278 5600 SH DEFINED 1 5600 0 0
ISHARES TR RUSSELL1000GRW 464287614 694 18700 SH DEFINED 1 18700 0 0
ISHARES TR RUSSELL 2000 464287655 148 3000 SH DEFINED 1 3000 0 0
ITT EDUCATIONAL SERVICES INC COM 45068B109 38 400 SH DEFINED 1 400 0 0
JOHNSON & JOHNSON COM 478160104 1054 17600 SH DEFINED 1 17600 0 0
JPMORGAN & CHASE & CO COM 46625H100 630 19973 SH DEFINED 1 19973 0 0
KROGER CO COM 501044101 67 2500 SH DEFINED 1 2500 0 0
LEXMARK INTL NEW CL A 529771107 141 5220 SH DEFINED 1 5220 0 0
LILLY ELI & CO COM 532457108 176 4350 SH DEFINED 1 4350 0 0
MAGNA INTL INC CL A 559222401 372 12400 SH DEFINED 1 12400 0 0
MAIDENFORM BRANDS INC COM 560305104 288 28300 SH DEFINED 1 28300 0 0
MANULIFE FINL CORP COM 56501R106 97 5659 SH DEFINED 1 5659 0 0
MARSH & MCLENNAN COS INC COM 571748102 668 27500 SH DEFINED 1 27500 0 0
MCDONALDS CORP COM 580135101 467 7500 SH DEFINED 1 7500 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 30 700 SH DEFINED 1 700 0 0
MEDTRONIC INC COM 585055106 352 11200 SH DEFINED 1 11200 0 0
METTLER TOLEDO INTERNATIONAL COM 592688105 115 1700 SH DEFINED 1 1700 0 0
MICROSOFT CORP COM 594918104 982 50490 SH DEFINED 1 50490 0 0
MYLAN INC COM 628530107 601 60700 SH DEFINED 1 60700 0 0
NCR CORP NEW COM 62886E108 290 20500 SH DEFINED 1 20500 0 0
NEWS CORP CL B 65248E203 335 34900 SH DEFINED 1 34900 0 0
NIKE INC CL B 654106103 220 4300 SH DEFINED 1 4300 0 0
NORFOLK SOUTHERN CORP COM 655844108 400 8500 SH DEFINED 1 8500 0 0
NRG ENERGY INC COM NEW 629377508 458 19600 SH DEFINED 1 19600 0 0
ORACLE CORP COM 68389X105 469 26430 SH DEFINED 1 26430 0 0
PFIZER INC COM 717081103 459 25900 SH DEFINED 1 25900 0 0
PHILIP MORRIS INTL INC COM 718172109 519 11910 SH DEFINED 1 11910 0 0
PITNEY BOWES INC COM 724479100 423 16600 SH DEFINED 1 16600 0 0
POLO RALPH LAUREN CORP CL A 731572103 223 4900 SH DEFINED 1 4900 0 0
POTASH CORP SASK INC COM 73755L107 169 2300 SH DEFINED 1 2300 0 0
PROCTER & GAMBLE CO COM 742718109 687 11100 SH DEFINED 1 11100 0 0
PUBLIC STORAGE COM 74460D109 40 500 SH DEFINED 1 500 0 0
PULTE HOMES INC COM 745867101 333 30400 SH DEFINED 1 30400 0 0
QUALCOMM INC COM 747525103 29 800 SH DEFINED 1 800 0 0
RALCORP HLDGS INC NEW COM 751028101 211 3600 SH DEFINED 1 3600 0 0
RAYTHEON CO COM NEW 755111507 342 6700 SH DEFINED 1 6700 0 0
ROSS STORES INC COM 778296103 173 5800 SH DEFINED 1 5800 0 0
ROYAL BK CDA MONTREAL QUE COM 780087102 30 1000 SH DEFINED 1 1000 0 0
RYANAIR HLDGS PLC SPONSORED ADR 783513104 681 23400 SH DEFINED 1 23400 0 0
SAFEWAY INC COM NEW 786514208 53 2200 SH DEFINED 1 2200 0 0
SARA LEE CORP COM 803111103 564 57529 SH DEFINED 1 57529 0 0
SEMPRA ENERGY COM 816851109 81 1900 SH DEFINED 1 1900 0 0
STANCORP FINL GROUP INC COM 852891100 30 700 SH DEFINED 1 700 0 0
STANLEY WKS COM 854616109 379 11100 SH DEFINED 1 11100 0 0
SYBASE INC COM 871130100 109 4400 SH DEFINED 1 4400 0 0
SYNOPSYS INC COM 871607107 41 2200 SH DEFINED 1 2200 0 0
SYSCO CORP COM 871829107 223 9700 SH DEFINED 1 9700 0 0
TATA MTRS LTD SPONSORED ADR 876568502 101 22500 SH DEFINED 1 22500 0 0
TEVA PHARMACEUTICAL INDS LTD ADR 881624209 473 11100 SH DEFINED 1 11100 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 188 5240 SH DEFINED 1 5240 0 0
TRAVELERS COMPANIES INC COM 89417E109 428 9460 SH DEFINED 1 9460 0 0
TYSON FOODS INC CL A 902494103 471 53700 SH DEFINED 1 53700 0 0
UBS AG SHS NEW H89231338 332 23152 SH DEFINED 1 23152 0 0
UNION PAC CORP COM 907818108 311 6500 SH DEFINED 1 6500 0 0
UNITED STATES STL CORP NEW COM 912909108 8 200 SH DEFINED 1 200 0 0
UNITEDHEALTH GROUP INC COM 91324P102 405 15200 SH DEFINED 1 15200 0 0
UNUM GROUP COM 91529Y106 356 19100 SH DEFINED 1 19100 0 0
US BANCORP DEL COM NEW 902973304 568 22700 SH DEFINED 1 22700 0 0
VANGUARD INDEX FDS REIT ETF 922908553 431 11800 SH DEFINED 1 11800 0 0
VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 76 3200 SH DEFINED 1 3200 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 540 15900 SH DEFINED 1 15900 0 0
WAL MART STORES INC COM 931142103 759 13522 SH DEFINED 1 13522 0 0
WELLS FARGO & CO NEW COM 949746101 436 14770 SH DEFINED 1 14770 0 0
WYETH COM 983024100 556 14800 SH DEFINED 1 14800 0 0
XILINX INC COM 983919101 18 1000 SH DEFINED 1 1000 0 0