The company:

• Founded in 1899, Legg Mason is a global investment management firm that is singularly focused on asset management.
  
• Legg Mason serves a wide variety of clients including institutional and individual investors around the world in specialized disciplines among its three segments: institutional, mutual funds/managed services and wealth management.
  
• Legg Mason pursues "best-in-class" investment advisory performance through a diversified group of managers including Western Asset Management, Legg Mason Capital Management, Royce & Associates, Private Capital Management, Brandywine Asset Management, Batterymarch Financial Management and its recent acquisition of a substantial portion of Citigroup Inc.'s ("Citigroup") asset management business and The Permal Group.
  
• Legg Mason is among the world's largest asset managers, with assets under management as of March 31, 2006 of $868 billion of which the institutional division is responsible for 51%, the mutual funds/managed services division 41% and the wealth management division 8%.

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