LEGG MASON TAX-FREE INCOME FUND:
Legg Mason Maryland Tax-Free Income Trust
Legg Mason Pennsylvania Tax-Free Income Trust
Legg Mason Tax-Free Intermediate-Term Income Trust
Primary Shares
Supplement to the Prospectus dated August 1, 1996
The front-end sales charge waiver for the Legg Mason Tax-Free
Intermediate-Term Income Trust has been extended to July 31, 1997.
Pursuant to a voluntary expense limitation, Legg Mason Fund Adviser,
Inc. and Legg Mason Wood Walker, Incorporated have agreed to waive the
management and 12b-1 fees and assume certain other expenses such that total
operating expenses relating to Primary Shares (exclusive of taxes, interest,
brokerage fees, and extraordinary expenses) will not exceed annual rates of
0.70% of average daily net assets of each Fund until July 31, 1997 or until
Legg Mason Maryland Tax-Free Income Trust's net assets reach $200 million,
whichever occurs first; Legg Mason Pennsylvania Tax-Free Income Trust's net
assets reach $125 million, whichever occurs first; and Legg Mason Tax-Free
Intermediate-Term Income Trust's net assets reach $100 million, whichever
occurs first.
The table and the example on page 4 of the Prospectus are replaced by
the following:
Annual Fund Operating Expenses -- Primary Shares(C)
(as a percentage of average net assets)
<TABLE>
<CAPTION>
Maryland Pennsylvania Tax-Free
Tax-Free Tax-Free Intermediate
<S> <C> <C> <C>
Management fees (after
fee waivers) 0.25% 0.19% 0.12%
12b-1 fees (after fee
waivers) 0.25% 0.25% 0.25%
Other Expenses(D) 0.16% 0.22% 0.29%
Total operating expenses
(after fee waivers)(D) 0.66% 0.66% 0.66%
</TABLE>
(C) In the absence of such waivers, the expense ratios relating to Primary
Shares of the Maryland Tax-Free, Pennsylvania Tax-Free and Tax-Free Intermediate
would be 0.95%, 1.02% and 1.10%, respectively.
(D) Each Fund has entered into an arrangement with its custodian whereby
interest earned on uninvested cash balances is used to reduce custodian
expenses. Other expenses and Total operating expenses net of this reduction
were as follows: for Maryland Tax-Free, 0.15% and 0.65%, respectively, of the
Fund's average net assets; for Pennsylvania Tax-Free, 0.21% and 0.65%,
respectively, of the Fund's average net assets; and for Tax-Free Intermediate,
0.28% and 0.65%, respectively, of the Fund's average net assets.
Example
<TABLE>
<CAPTION>
1 Year 3 Years 5 Years 10 Years
<S> <C> <C> <C> <C>
Maryland Tax-Free $34 $48 $63 $107
Pennsylvania Tax-Free $34 $48 $63 $107
Tax-Free Intermediate:
Assuming the maximum 2% sales
charge $27 $41 $56 $101
Assuming no initial sales
charge $7 $21 $37 $82
</TABLE>
Please refer to page 4 of the Prospectus for information with respect to
the above table and example.
December 31, 1996
<PAGE>
LEGG MASON TAX-FREE INCOME FUND:
Navigator Maryland Tax-Free Income Trust
Navigator Pennsylvania Tax-Free Income Trust
Navigator Tax-Free Intermediate-Term Income Trust
Supplement to the Prospectus dated August 1, 1996
Pursuant to a voluntary expense limitation, Legg Mason Fund Adviser,
Inc. has agreed to waive management fees and assume certain other expenses
such that total operating expenses relating to Navigator Shares (exclusive of
taxes, interest, brokerage fees, and extraordinary expenses) will not exceed
annual rates of: 0.45% of average daily net assets of each Fund until July 31,
1997 or until Legg Mason Maryland Tax-Free Income Trust's net assets reach
$200 million, whichever occurs first; Legg Mason Pennsylvania Tax-Free Income
Trust's net assets reach $125 million, whichever occurs first; and Legg Mason
Tax-Free Intermediate-Term Income Trust's net assets reach $100 million,
whichever occurs first.
The table and the example on page 3 of the Prospectus are replaced by
the following:
Annual Fund Operating Expenses -- Navigator Shares(A)
(as a percentage of average net assets)
<TABLE>
<CAPTION>
Maryland Pennslyvania Tax-Free
Tax-Free Tax-Free Intermediate
<S> <C> <C> <C>
Management fees (after
fee waivers) 0.25% 0.19% 0.12%
12b-1 fees None None None
Other Expenses(B) 0.16% 0.22% 0.29%
Total operating expenses
(after fee waivers)(B) 0.41% 0.41% 0.41%
</TABLE>
(A) In the absence of such waivers, the expense ratios for Navigator Maryland
Tax-Free, Pennsylvania Tax-Free and Tax-Free Intermediate would be 0.70%, 0.77%
and 0.85%, respectively.
(B) Each Fund has entered into an arrangement with its custodian whereby
interest earned on uninvested cash balances is used to reduce custodian
expenses. Other expenses and Total operating expenses net of this reduction
were as follows: for Maryland Tax-Free, 0.15% and 0.40%, respectively, of the
Fund's average net assets; for Pennsylvania Tax-Free, 0.21% and 0.40%,
respectively, of the Fund's average net assets; and for Tax-Free Intermediate,
0.28% and 0.40%, respectively, of the Fund's average net assets.
Example
<TABLE>
<CAPTION>
1 Year 3 Years 5 Years 10 Years
<S> <C> <C> <C> <C>
Maryland Tax-Free $4 $13 $23 $52
Pennsylvania Tax-Free $4 $13 $23 $52
Tax-Free Intermediate $4 $13 $23 $52
</TABLE>
Please refer to page 3 of the Prospectus for information with respect to
the above table and example.
December 31, 1996
<PAGE>
LEGG MASON TAX-FREE INCOME FUND:
Legg Mason Maryland Tax-Free Income Trust
Legg Mason Pennsylvania Tax-Free Income Trust
Legg Mason Tax-Free Intermediate-Term Income Trust
Primary Shares
Navigator Shares
Supplement to the Statement of Additional Information dated August 1, 1996
The front-end sales charge waiver for the Primary Class of the Legg
Mason Tax-Free Intermediate-Term Income Trust has been extended to July 31,
1997.
Legg Mason Fund Adviser, Inc. and Legg Mason Wood Walker, Incorporated
have agreed to waive management and 12b-1 fees and assume certain other
expenses such that total operating expenses relating to Primary Shares
(exclusive of taxes, interest, brokerage fees, and extraordinary expenses)
will not exceed annual rates of: 0.70% of average daily net assets of each
Fund until July 31, 1997 or until Legg Mason Maryland Tax-Free Income Trust's
net assets reach $200 million, whichever occurs first; Legg Mason Pennsylvania
Tax-Free Income Trust's net assets reach $125 million, whichever occurs first;
and Legg Mason Tax-Free Intermediate-Term Income Trust's net assets reach $100
million, whichever occurs first.
Legg Mason Fund Adviser, Inc. has agreed to waive management fees and
assume certain other expenses such that total operating expenses relating to
Navigator Shares (exclusive of taxes, interest, brokerage fees, and
extraordinary expenses) will not exceed annual rates of: 0.45% of average
daily net assets of each Fund until July 31, 1997 or until Legg Mason Maryland
Tax-Free Income Trust's net assets reach $200 million, whichever occurs first;
Legg Mason Pennsylvania Tax-Free Income Trust's net assets reach $125 million,
whichever occurs first; and Legg Mason Tax-Free Intermediate-Term Income
Trust's net assets reach $100 million, whichever occurs first.
December 31, 1996
