Company Profile For Legg Mason, Inc.

Legg Mason, Inc. (Legg Mason) is a global asset management company. Acting through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, Company-sponsored mutual funds and retail separately managed account programs. The Company offers these products and services directly and through various financial intermediaries. The Company operates its business as two divisions: Americas and International. One of its asset managers, Western Asset Management Company, has significant business both within the United States and internationally, and thus is divided between the divisions. Within each division, it provides services through a number of asset managers, each of which is an individual business that generally markets its products and services under its own brand name and, in many cases, distributes retail products and services through a centralized retail distribution network.

BRIEF: For the six months ended 30 September 2009, Legg Mason, Inc.'s revenues decreased 37% to $1.27B. Net income totaled $95.8M vs. a loss of $144.9M. Revenues reflect a decrease in income from separate accounts, lower income from funds and decreased distribution & service fees. Net income was offset by a decrease in compensation & benefits, lower distribution & servicing charges and a decrease in amortization of intangible assets.