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LM ADDED TO WATCH LIST

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LM ADDED TO WATCH LIST

WATCH LIST 3-7-06 UPDATE:

LM
- Legg Mason, Inc. (NYSE dropped over $.4.02 after it was:announced that it has been informed that Citigroup Inc., through a wholly owned subsidiary, plans to offer for sale approximately 8 million shares of Legg Mason common stock (9.2 million shares if an over-allotment option is exercised in full) in an underwritten secondary public offering, pursuant to the registration Statement on Form S-3 filed by Legg Mason with the SEC on February 27, 2006. This action saw LM drop below our WATCH LIST TARGET of $130 ( close $128.23and thus will be placed on our WATCH LIST until either LM closes above $130 or further action is needed regarding this issue.


WATCH LIST 3-7-06

LM


OPEN ORDERS 3-7-06

NONE


NOTE: Initial APRIL RECOMMENDATIONS will be coming out either this weekend or Monday at the lastest.


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