<PAGE> COVER
PROSPECTUS SUPPLEMENT Filed under Rule 424(B)(3)
(To Prospectus dated June 15, 1998 and (File No. 333-44475)
Prospectus Supplement thereto dated June 17, 1998)
3,995,496 Shares
LEGG MASON, INC.
Common Stock
($.10 Par Value)
This Prospectus Supplement amends and supplements information contained
in the section captioned "Selling Stockholders" of that certain Prospectus
dated June 15, 1998, as supplemented by that certain Prospectus Supplement
dated June 17, 1998 (as so supplemented, the "Prospectus"), relating to
3,995,496 shares (the "Shares") of common stock, $.10 par value per share
("Common Stock"), of Legg Mason, Inc. (the "Company").
All share information in this Prospectus Supplement reflects the
two-for-one stock split of the Company's Common Stock effected by the Company
in September 1998.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
SELLING STOCKHOLDERS
The following table sets forth the names of the Selling Stockholders and
the number of shares of Common Stock owned by each of them and offered
hereunder.
<TABLE>
<CAPTION>
Name Number of Shares
<S> <C>
Robert F. Boyd............................... 16,374
Benedict E. Capaldi.......................... 300,892
Luz E. Carey................................. 1,954
Alexander C. Cutler.......................... 3,910
Judy L. DiMaio............................... 1,954
Paul D. Ehrlichman........................... 197,374
Earl J. Gaskins.............................. 9,776
W. Anthony Hitschler......................... 1,205,168 (1)
David F. Hoffman............................. 5,082 (2)
Michael D. Jamison........................... 303,820 (2)
Scott L. Kuensell............................ 37,150 (2)
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</TABLE>
<TABLE>
<CAPTION>
Name Number of Shares
<S> <C>
Paul R. Lesutis.............................. 328,212
Carl M. Lindberg............................. 386,334 (3)
Henry F. Otto................................ 200,446
Willard J. Scott............................. 105,318
Stephen S. Smith............................. 760,084 (2)
Steven M. Tonkovich.......................... 35,838
Edward A. Trumpbour.......................... 95,810 (2)
Total................................... 3,995,496
</TABLE>
(1) Does not include 40,000 shares owned by Mr. Hitschler's wife, as to
which Mr. Hitschler disclaims beneficial ownership.
(2) Excludes the following number of shares of Common Stock subject to
stock options that are currently exercisable and which have been
registered pursuant to a registration statement on Form S-8:
Mr. Hoffman - 12,012; Mr. Jamison -101,676; Mr. Kuensell - 6,676;
Mr. Smith - 76,256; and Mr. Trumpbour - 22,122.
(3) Does not include 24,000 shares owned by The Carl M. Lindberg Family
Foundation, Inc., as to which Mr. Lindberg disclaims beneficial
ownership. Mr. Lindberg is the President of The Carl M. Lindberg Family
Foundation, Inc.
In addition, certain Selling Stockholders donated some of the Shares
beneficially owned by them to the family members, trusts, charitable
institutions or other persons or entities listed below, each of which shall
be deemed to be a "Selling Stockholder" for purposes of the Prospectus and
this Prospectus Supplement. From time to time one or more of the Selling
Stockholders may make additional gifts of Shares to family members, trusts,
charitable institutions or other persons or entities, each of which shall be
deemed to be a "Selling Stockholder" for purposes of the Prospectus and this
Prospectus Supplement.
The following table sets forth information with respect to beneficial
ownership of the Company's Common Stock as of the date of this Prospectus
Supplement by certain of these Selling Stockholders.
<TABLE>
Name Number of Shares
<S> <C>
Diana Cecala.................................... 40,000
The Carl M. Lindberg Family Foundation, Inc..... 24,000
Xavier University Gifts Fund.................... 660
Ronald L. Horn.................................. 620
Tina M. Canulli................................. 620
Total...................................... 65,900
</TABLE>
The date of this Prospectus Supplement is October 28, 1998.
