Item 8.01 Other Events.
On July 15, 2009, Legg Mason, Inc. (the "Company") announced an offer to exchange up to 21,850,000, or 95%, of its outstanding Equity Units in the form of corporate units (the "Units") for 0.8881 of a share of the Company's common stock and $6.25 in cash per Unit. The exchange offer for the Units will expire on August 12, 2009, unless extended by the Company. A copy of the related press release is attached hereto as Exhibit 99 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Subject Matter 99 Press Release of Legg Mason, Inc. dated July 15, 2009 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
LEGG MASON, INC. (Registrant)
Date: July 15, 2009 By: /s/ Thomas P. Lemke

Thomas P. Lemke Senior Vice President and General Counsel

LEGG MASON, INC.