<PAGE> PAGE 1
000 B000000 03/31/94
000 C000000 357235
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 2.2
000 J000000 A
001 A000000 LEGG MASON VALUE TRUST INC
001 B000000 811-3380
001 C000000 4105390000
002 A000000 111 SOUTH CALVERT STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 LEGG MASON FUND ADVISER, INC.
008 B000001 A
008 C000001 801-16958
008 D010001 BALTIMORE
008 D020001 MD
008 D030001 21202
010 A000001 LEGG MASON FUND ADVISER, INC.
010 B000001 801-16958
010 C010001 BALTIMORE
010 C020001 MD
010 C030001 21202
011 A000001 LEGG MASON WOOD WALKER, INCORPORATED
011 B000001 8-01-6767
011 C010001 BALTIMORE
011 C020001 MD
011 C030001 21202
012 A000001 BOSTON FINANCIAL DATA SERVICES, INC.
012 B000001 84-00896
012 C010001 BOSTON
012 C020001 MA
012 C030001 02105
013 A000001 COOPERS & LYBRAND
013 B010001 BALTIMORE
013 B020001 MD
013 B030001 21202
014 A000001 LEGG MASON WOOD WALKER, INCORPORATED
014 B000001 8-01-6767
015 A000001 STATE STREET BANK & TRUST COMPANY
015 B000001 C
<PAGE> PAGE 2
015 C010001 BOSTON
015 C020001 MA
015 C030001 02105
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 14
019 C000000 LEGGMASONW
020 A000001 BEAR, STEARNS & CO. INC.
020 B000001 13-3299429
020 C000001 94
020 A000002 BRIDGE TRADING COMPANY
020 B000002 43-1450530
020 C000002 69
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003 56
020 A000004 LIPPER ANALYTICAL SECURITIES CORPORATION
020 B000004 13-2792478
020 C000004 37
020 A000005 WEEDEN & CO. L.P.
020 B000005 13-3364318
020 C000005 35
020 A000006 MORGAN STANLEY & CO. INCORPORATED
020 B000006 13-2655998
020 C000006 30
020 A000007 AUTRANET, INC.
020 B000007 13-2961507
020 C000007 26
020 A000008 OPPENHEIMER & CO., INC.
020 B000008 13-2798343
020 C000008 21
020 A000009 THAMESWAY INC.
020 C000009 19
020 A000010 CREDIT LYONNAIS SECURITIES (USA) INC.
020 B000010 13-2602298
020 C000010 17
021 000000 518
022 A000001 SMITH BARNEY SHEARSON INCORPORATED
022 B000001 13-2518466
022 C000001 2450342
022 D000001 2310
022 A000002 PRUDENTIAL SECURITIES INCORPORATED
022 B000002 22-2347336
022 C000002 1456557
022 D000002 2699
022 A000003 FIRST BOSTON CORPORATION (THE)
022 B000003 13-5659485
022 C000003 603048
022 D000003 11552
022 A000004 KIDDER, PEABODY & CO. INCORPORATED
<PAGE> PAGE 3
022 B000004 13-5650440
022 C000004 350746
022 D000004 0
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005 15961
022 D000005 24879
022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006 1973
022 D000006 18754
022 A000007 SPEAR, LEEDS & KELLOGG
022 B000007 13-5515160
022 C000007 0
022 D000007 16287
022 A000008 STATE STREET BANK AND TRUST COMPANY
022 B000008 04-1867445
022 C000008 2175
022 D000008 5886
022 A000009 MORGAN STANLEY & CO. INCORPORATED
022 B000009 13-2655998
022 C000009 7903
022 D000009 0
022 A000010 PAINEWEBBER INCORPORATED
022 B000010 13-2638166
022 C000010 403
022 D000010 4245
023 C000000 4892811
023 D000000 103729
024 000000 Y
025 A000001 THE BEAR STEARNS COMPANIES INC.
025 B000001 13-3299429
025 C000001 E
025 D000001 19500
025 A000002 SALOMON INC.
025 B000002 13-3082694
025 C000002 E
025 D000002 14996
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
<PAGE> PAGE 4
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 12790
028 A020000 2370
028 A030000 0
028 A040000 13880
028 B010000 9577
028 B020000 0
028 B030000 0
028 B040000 16512
028 C010000 12783
028 C020000 8076
028 C030000 0
028 C040000 12245
028 D010000 21882
028 D020000 0
028 D030000 0
028 D040000 14434
028 E010000 21047
028 E020000 0
028 E030000 0
028 E040000 16822
028 F010000 28099
028 F020000 0
028 F030000 0
028 F040000 22970
028 G010000 106178
028 G020000 10446
028 G030000 0
028 G040000 96863
028 H000000 0
029 000000 N
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
<PAGE> PAGE 5
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 8244
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 100000
048 A020000 1.000
048 B010000 900000
048 B020000 0.750
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.650
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
<PAGE> PAGE 6
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
<PAGE> PAGE 7
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 221365
071 B000000 237726
071 C000000 869516
071 D000000 26
072 A000000 12
072 B000000 2082
072 C000000 18983
072 D000000 0
072 E000000 0
072 F000000 6929
072 G000000 0
072 H000000 0
072 I000000 608
072 J000000 201
072 K000000 45
072 L000000 82
072 M000000 18
072 N000000 28
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 43
072 S000000 62
072 T000000 8244
<PAGE> PAGE 8
072 U000000 0
072 V000000 0
072 W000000 59
072 X000000 16319
072 Y000000 81
072 Z000000 4827
072AA000000 26047
072BB000000 0
072CC010000 16402
072CC020000 0
072DD010000 5619
072DD020000 0
072EE000000 9382
073 A010000 0.1100
073 A020000 0.0000
073 B000000 0.2000
073 C000000 0.0000
074 A000000 881
074 B000000 24307
074 C000000 0
074 D000000 5187
074 E000000 24506
074 F000000 854097
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 6682
074 M000000 22
074 N000000 915682
074 O000000 260
074 P000000 1317
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1687
074 S000000 0
074 T000000 912418
074 U010000 49318
074 U020000 0
074 V010000 18.50
074 V020000 0.00
074 W000000 0.0000
074 X000000 66728
074 Y000000 0
075 A000000 0
075 B000000 890486
076 000000 0.00
077 A000000 Y
<PAGE> PAGE 9
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 C000000 15000
081 A000000 Y
081 B000000 24
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE MARIE K. KARPINSKI
TITLE TREASURER
