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[LEGG MASON, INC. LETTERHEAD]
July 9, 1998
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
Pursuant to the Instructions to subparagraph (b) of Item 10 of
Schedule 14A of the Proxy Rules, Legg Mason, Inc. (the "Company") was
required to file the Legg Mason, Inc. 1998 Stock Option Plan for Non-Employee
Directors (the "Plan") as an appendix to the Company's definitive Proxy
Statement for the 1998 Annual Meeting of Stockholders.
As the Plan was inadvertently omitted from the Company's initial
filing of its definitive 1998 Proxy Statement, the Company hereby amends such
filing by including the Plan as an appendix to the filing through the
incorporation by reference of the Plan to the Company's Annual Report on
Form 10-K for the year ended March 31, 1998.
Please note that the Plan was not required to be included in the
proxy materials previously delivered to the Company's stockholders.
If you have any questions regarding this matter, please call the
undersigned at (410) 454-4073.
Very truly yours,
/s/ Theodore S. Kaplan
Theodore S. Kaplan
Senior Vice President
and General Counsel
