CONSENT OF INDEPENDENT ACCOUNTANTS


                  We hereby  consent to the  incorporation  by reference in this
Registration Statement on Form S-8 of: (1) our report dated May 3, 2002 relating
to the financial  statements which appear in Legg Mason, Inc.'s Annual Report on
Form 10-K for the year ended  March 31,  2002;  and (2) our report  dated May 3,
2002 relating to the financial  statement  schedule which appears in such Annual
Report on Form 10-K.  We also  consent to the  reference to us under the heading
"Independent Accountants" in such Registration Statement.




/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
January 10, 2003