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PROSPECTUS SUPPLEMENT                              Filed under Rule 424(B)(3)
(To Prospectus dated June 15, 1998 and                   (File No. 333-44475)
Prospectus Supplement thereto dated June 17, 1998)


                         3,995,496 Shares

                         LEGG MASON, INC.

                           Common Stock

                         ($.10 Par Value)
                                               

     This Prospectus Supplement amends and supplements information contained 
in the section captioned "Selling Stockholders" of that certain Prospectus 
dated June 15, 1998, as supplemented by that certain Prospectus Supplement 
dated June 17, 1998 (as so supplemented, the "Prospectus"), relating to 
3,995,496 shares (the "Shares") of common stock, $.10 par value per share 
("Common Stock"), of Legg Mason, Inc. (the "Company").

     All share information in this Prospectus Supplement reflects the 
two-for-one stock split of the Company's Common Stock effected by the Company 
in September 1998.

                                               

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS.  ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
                                               


                            SELLING STOCKHOLDERS


     The following table sets forth the names of the Selling Stockholders and 
the number of shares of Common Stock owned by each of them and offered 
hereunder.






     Name                                         Number of Shares

                                                 

     Robert F. Boyd...............................       16,374
     Benedict E. Capaldi..........................      300,892
     Luz E. Carey.................................        1,954
     Alexander C. Cutler..........................        3,910
     Judy L. DiMaio...............................        1,954
     Paul D. Ehrlichman...........................      197,374
     Earl J. Gaskins..............................        9,776
     W. Anthony Hitschler.........................    1,205,168 (1)
     David F. Hoffman.............................        5,082 (2)
     Michael D. Jamison...........................      303,820 (2) 
     Scott L. Kuensell............................       37,150 (2)


 2








     Name                                         Number of Shares

                                                 

     Paul R. Lesutis..............................      328,212
     Carl M. Lindberg.............................      386,334 (3)
     Henry F. Otto................................      200,446
     Willard J. Scott.............................      105,318
     Stephen S. Smith.............................      760,084 (2)
     Steven M. Tonkovich..........................       35,838
     Edward A. Trumpbour..........................       95,810 (2)

          Total...................................    3,995,496



                                                    
(1)  Does not include 40,000 shares owned by Mr. Hitschler's wife, as to 
     which Mr. Hitschler disclaims beneficial ownership.    

(2)  Excludes the following number of shares of Common Stock subject to 
     stock options that are currently exercisable and which have been 
     registered pursuant to a registration statement on Form S-8:  
     Mr. Hoffman - 12,012; Mr. Jamison -101,676; Mr. Kuensell - 6,676; 
     Mr. Smith - 76,256; and Mr. Trumpbour - 22,122.

(3)  Does not include 24,000 shares owned by The Carl M. Lindberg Family 
     Foundation, Inc., as to which Mr. Lindberg disclaims beneficial 
     ownership.  Mr. Lindberg is the President of The Carl M. Lindberg Family
     Foundation, Inc.

     In addition, certain Selling Stockholders donated some of the Shares 
beneficially owned by them to the family members, trusts, charitable 
institutions or other persons or entities listed below, each of which shall 
be deemed to be a "Selling Stockholder" for purposes of the Prospectus and 
this Prospectus Supplement.  From time to time one or more of the Selling 
Stockholders may make additional gifts of Shares to family members, trusts,
charitable institutions or other persons or entities, each of which shall be 
deemed to be a "Selling Stockholder" for purposes of the Prospectus and this 
Prospectus Supplement.

     The following table sets forth information with respect to beneficial 
ownership of the Company's Common Stock as of the date of this Prospectus 
Supplement by certain of these Selling Stockholders.




     Name                                         Number of  Shares 

                                                      

     Diana Cecala....................................    40,000 
     The Carl M. Lindberg Family Foundation, Inc.....    24,000 
     Xavier University Gifts Fund....................       660 
     Ronald L. Horn..................................       620 
     Tina M. Canulli.................................       620 

          Total......................................    65,900




                              
       The date of this Prospectus Supplement is October 28, 1998.