UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2006 Check here if Amendment [ X]; Amendment Number: 4 This Amendment (Check only one.): [ ] is a restatement. [ X] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Legg Mason, Inc. Address: 100 Light Street Baltimore, MD 21202 13F File Number: 28-1700 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter L. Bain Title: Senior Executive Vice Prsesident Phone: 410-454-3227 Signature, Place, and Date of Signing: Peter L. Bain Baltimore, MD December 21, 2006 Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-3428 Private Capital Management, LP 28-3780 Royce & Associates, LLC FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form13F Information Table Entry Total: 13 Form13F Information Table Value Total: $52,446 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 5 28-6393 Bingham Legg Advisors, LLC FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ISHARES INC MSCI AUSTRALIA 464286103 5475 258271 SH DEFINED 5 109221 0 149050 ISHARES INC MSCI BRAZIL 464286400 2908 75595 SH DEFINED 5 32550 0 43045 ISHARES INC MSCI CDA INDEX 464286509 13156 548206 SH DEFINED 5 266193 0 282013 ISHARES INC MSCI FRANCE 464286707 1954 62016 SH DEFINED 5 18293 0 43723 ISHARES INC MSCI TAIWAN 464286731 144 11300 SH DEFINED 5 11300 0 0 ISHARES INC MSCI GERMAN 464286806 579 24100 SH DEFINED 5 12775 0 11325 ISHARES INC MSCI JAPAN 464286848 10722 791921 SH DEFINED 5 363804 0 428117 ISHARES TR S&P 100 IDX FD 464287101 10393 167314 SH DEFINED 5 77700 0 89614 ISHARES TR S&P TOPIX 150 464287382 226 1900 SH DEFINED 5 1900 0 0 ISHARES TR MSCI EAFE INDEX 464287465 535 7900 SH DEFINED 5 1700 0 6200 OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 3194 24600 SH DEFINED 5 11075 0 13525 SPDR TR UNIT SER 1 78462F103 587 4400 SH DEFINED 5 3000 0 1400 STREETTRACKS GOLD TR GOLD SHS 863307104 2573 43271 SH DEFINED 5 14750 0 28521