LEGG MASON GLOBAL TRUST, INC.:
Legg Mason Global Government Trust
Legg Mason Global Equity Trust
Primary Shares
Supplement to the Prospectus dated October 30, 1995
The following information is inserted in the section captioned "Expenses" on
page 4 of the Prospectus:
A Pursuant to a voluntary expense limitation, LMFA and Legg Mason have
agreed to waive indefinitely the management and 12b-1 fees and
assume certain other expenses to the extent necessary to limit total
operating expenses attributable to Primary Shares (exclusive of
taxes, interest, brokerage and extraordinary expenses) to 1.90% of
average daily net assets.
B Pursuant to a voluntary expense limitation, Batterymarch, LMFA and
Legg Mason have agreed to waive the management and 12b-1 fees and
assume certain other expenses to the extent necessary to limit total
operating expenses attributable to Primary Shares (exclusive of
taxes, interest, brokerage and extraordinary expenses) to 2.25% of
average daily net assets annually until June 30, 1996. In the
absence of such waivers, the expected management fee, 12b-1 fee,
other expenses and total operating expenses would be 0.75%, 1.00%,
0.65% and 2.40% of average net assets, respectively.
The following information is inserted in the section captioned "The Funds'
Management and Investment Advisers" on page 26 of the Prospectus:
Investment Adviser to Global Government
LMFA has voluntarily agreed to waive indefinitely its fees and to
reimburse Global Government to the extent necessary to limit total
operating expenses attributable to Primary Shares (exclusive of taxes,
interest, brokerage and extraordinary expenses) to 1.90% of Global
Government's average daily net assets.
Investment Adviser to Global Equity
LMFA and Batterymarch have voluntarily agreed to waive their fees and to
reimburse the Fund for its expenses to the extent necessary to limit the
Fund's total operating expenses attributable to Primary Shares (exclusive
of taxes, interest, brokerage and extraordinary expenses) to 2.25% of its
average daily net assets. This agreement will expire on June 30, 1996,
unless extended by LMFA or Batterymarch.
January 9, 1996
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LEGG MASON GLOBAL TRUST, INC.:
Legg Mason Global Government Trust
Legg Mason Global Equity Trust
Navigator Shares
Supplement to the Prospectus dated October 30, 1995
The following information is inserted in the section captioned "Expenses" on
page 3 of the Prospectus:
A The expense ratio for the Navigator Class of Global Equity would
have been 1.40% had LMFA, manager of the Fund, not agreed to
reimburse management fees and other expenses pursuant to a voluntary
expense limitation. The reimbursement agreement, wherein LMFA has
agreed to continue to reimburse management fees and/or assume other
expenses to the extent the Navigator Class of Global Equity's
expenses (exclusive of taxes, interest, brokerage and extraordinary
expenses) exceed during any month an annual rate of 1.25% of the
Fund's average daily net assets for such month, will remain in
effect until June 30, 1996, and unless extended will terminate on
that date.
The following information is inserted in the section captioned "The Funds'
Management and Investment Advisers" on pages 23 and 24 of the Prospectus:
Investment Adviser to Global Government
LMFA has agreed to continue to reimburse fees and/or assume other expenses
indefinitely to the extent Global Government's expenses relating to
Navigator Shares (exclusive of taxes, interest, brokerage and
extraordinary expenses) exceed during any month an annual rate of 1.15% of
the Fund's average daily net assets for such month. These agreements are
voluntary and may or may not be renewed by LMFA.
Investment Adviser to Global Equity
LMFA and Batterymarch have voluntarily agreed to waive their fees and to
reimburse the Fund for its expenses to the extent necessary to limit the
Fund's total operating expenses attributable to Navigator Shares
(exclusive of taxes, interest, brokerage and extraordinary expenses) to
1.25% of its average daily net assets. This agreement will expire on June
30, 1996, unless extended by LMFA or Batterymarch.
January 9, 1996
<PAGE>
LEGG MASON GLOBAL TRUST, INC.:
Legg Mason Global Government Trust
Legg Mason Global Equity Trust
Primary Shares and Navigator Shares
Supplement to the Statement of Additional Information dated October 30, 1995
The following information is inserted in the section captioned "The Funds'
Investment Adviser/Manager" on pages 41 and 42 of the Statement of Additional
Information:
With respect to Global Government Trust:
LMFA voluntarily agreed to waive its fees and reimburse the Fund if and to
the extent its expenses (exclusive of taxes, interest, brokerage and
extraordinary expenses) exceeded during any month an annual rate of the
Fund's average daily net assets in accordance with the following schedule:
0.20% annually until September 30, 1993; 0.35% annually until December 31,
1993; 0.50% annually until January 31, 1994; 0.70% annually until February
28, 1994; 0.90% annually until March 31, 1994; 1.10% annually until April
30, 1994; 1.30% annually until May 31, 1994; 1.50% annually until June 30,
1994; 1.70% annually until July 31, 1994; and 1.90% indefinitely.
With respect to Global Equity Trust:
LMFA and Batterymarch have voluntarily agreed to waive their fees if and
to the extent necessary to limit the Fund's total operating expenses
attributable to Primary Shares (exclusive of taxes, interest, brokerage
and extraordinary expenses) to 2.25% of its average daily net assets.
This agreement will expire on June 30, 1996, unless extended by LMFA and
Batterymarch.
The following information is inserted in the section captioned "The Funds'
Distributor" on pages 44 and 45 of the Statement of Additional Information:
As compensation for its services and expenses, Legg Mason receives from
each Fund an annual distribution fee equivalent to 0.50% (for Global
Government) and 0.75% (for Global Equity) of its average daily net assets
attributable to Primary Shares and an annual service fee from each Fund
equivalent to 0.25% of its average daily net assets attributable to Primary
Shares in accordance with the Plan. The distribution and service fees are
calculated daily and payable monthly. Legg Mason voluntarily agreed to
waive its fees and reimburse each Fund if and to the extent its expenses
attributable to Primary Shares (exclusive of taxes, interest, brokerage
and extraordinary expenses) exceeded during any month an annual rate of
each Fund's average daily net assets in accordance with the following
schedule:
Global Government: 0.20% until September 30, 1993; 0.35% until December
31, 1993; 0.50% until January 31, 1994; 0.70% until February 28, 1994;
0.90% until March 31, 1994; 1.10% until April 30, 1994; 1.30% until May
31, 1994; 1.50% until June 30, 1994; 1.70% until July 31, 1994; and 1.90%
indefinitely.
Global Equity: 2.25 until June 30, 1996.
January 9, 1996
