Date of Report (Date of earliest event reported)

January 19, 2005

LEGG MASON, INC.

(Exact name of registrant as specified in its charter)

Maryland

1-8529

52-1200960

(State or Other Jurisdiction
of Incorporation)

(Commission File
No.)

(IRS Employer
Identification No.)

100 Light Street, Baltimore, Maryland

21202

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code:

(410) 539-0000

Not Applicable 

(Former name or former address if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR

240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR

240.13e-4(c))

Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Pursuant to the Company's Corporate Governance Principles, upon reaching the age of 72 on December 20, 2004, Harry M. Ford, Jr. submitted his letter of resignation from the Board. At the January 18, 2005 Board of Directors meeting, the Board accepted his letter of resignation effective January 19, 2005, and reduced the size of the Board to 14 members. As a result of the Board's acceptance of Mr. Ford's resignation, the Board now consists of 11 independent directors and 3 management directors.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LEGG MASON, INC.

(Registrant)

Date:  January 19, 2005

By:

/s/ Robert F. Price

Robert F. Price

Senior Vice President, Secretary

and General Counsel