<PAGE> PAGE 1
000 B000000 03/31/97
000 C000000 357235
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
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
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
071 A000000 454106
071 B000000 184781
071 C000000 1756441
071 D000000 11
072 A000000 12
074 N000000 2335759
074 T000000 2320152
075 A000000 0
075 B000000 1838520
077 A000000 Y
080 A000000 ICI MUTUAL INSURANCE COMPANY
<PAGE> PAGE 2
080 C000000 18000
081 A000000 Y
081 B000000 37
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE MARIE K. KARPINSKI
TITLE TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000357235
<NAME> LEGG MASON VALUE TRUST, INC. - PRIMARY SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 1214992
<INVESTMENTS-AT-VALUE> 2318549
<RECEIVABLES> 17082
<ASSETS-OTHER> 128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2335759
<PAYABLE-FOR-SECURITIES> 1417
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14190
<TOTAL-LIABILITIES> 15607
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1182813
<SHARES-COMMON-STOCK> 65562
<SHARES-COMMON-PRIOR> 53754
<ACCUMULATED-NII-CURRENT> 2703
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 31070
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1103566
<NET-ASSETS> 2320152
<DIVIDEND-INCOME> 30644
<INTEREST-INCOME> 9937
<OTHER-INCOME> 0
<EXPENSES-NET> 31880
<NET-INVESTMENT-INCOME> 8701
<REALIZED-GAINS-CURRENT> 88721
<APPREC-INCREASE-CURRENT> 409292
<NET-CHANGE-FROM-OPS> 506714
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9017
<DISTRIBUTIONS-OF-GAINS> 85562
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20980
<NUMBER-OF-SHARES-REDEEMED> (12250)
<SHARES-REINVESTED> 3078
<NET-CHANGE-IN-ASSETS> 817046
<ACCUMULATED-NII-PRIOR> 3842
<ACCUMULATED-GAINS-PRIOR> 30997
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31958
<AVERAGE-NET-ASSETS> 1775200
<PER-SHARE-NAV-BEGIN> 26.99
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 8.68
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (1.53)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.11
<EXPENSE-RATIO> 1.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000357235
<NAME> NAVIGATOR VALUE TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-START> APR-01-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 1214992
<INVESTMENTS-AT-VALUE> 2318549
<RECEIVABLES> 17082
<ASSETS-OTHER> 128
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2335759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14190
<TOTAL-LIABILITIES> 15607
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1182813
<SHARES-COMMON-STOCK> 2442
<SHARES-COMMON-PRIOR> 1932
<ACCUMULATED-NII-CURRENT> 2703
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 31070
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1103566
<NET-ASSETS> 2320152
<DIVIDEND-INCOME> 30644
<INTEREST-INCOME> 9937
<OTHER-INCOME> 0
<EXPENSES-NET> 31880
<NET-INVESTMENT-INCOME> 8701
<REALIZED-GAINS-CURRENT> 88721
<APPREC-INCREASE-CURRENT> 409292
<NET-CHANGE-FROM-OPS> 506714
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 814
<DISTRIBUTIONS-OF-GAINS> 3095
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 686
<NUMBER-OF-SHARES-REDEEMED> (303)
<SHARES-REINVESTED> 127
<NET-CHANGE-IN-ASSETS> 817046
<ACCUMULATED-NII-PRIOR> 3842
<ACCUMULATED-GAINS-PRIOR> 30997
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 13200
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31958
<AVERAGE-NET-ASSETS> 63320369
<PER-SHARE-NAV-BEGIN> 27.08
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> 8.75
<PER-SHARE-DIVIDEND> (0.41)
<PER-SHARE-DISTRIBUTIONS> (1.53)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.30
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
