Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  TRIAN FUND MANAGEMENT, L.P.
2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2015
3. Issuer Name and Ticker or Trading Symbol
LEGG MASON, INC. [LM]
(Last)
(First)
(Middle)
280 PARK AVENUE, 41ST FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10017
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $.10 par value 11,039,896
I
Please see explanation below (1) (2) (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TRIAN FUND MANAGEMENT, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners Master Fund, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners Parallel Fund I, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners Master Fund (ERISA), L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners Strategic Investment Fund, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    
Trian Partners Strategic Investment Fund-A, L.P.
280 PARK AVENUE
41ST FLOOR
NEW YORK, NY 10017
    X    

Signatures

Trian Fund Management, L.P., By: Trian Fund Management GP, LLC, General Partner, By: Peter W. May 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners, L.P. 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners Master Fund, L.P. 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners Parallel Fund I, L.P. 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners Master Fund (ERISA), L.P. 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners Strategic Investment Fund, L.P. 08/10/2015
**Signature of Reporting Person Date

Peter W. May, member of the general partner of Trian Partners Strategic Investment Fund-A, L.P. 08/10/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Trian Fund Management GP, LLC is the general partner of Trian Fund Management, L.P, which serves as the management company for Trian Partners, L.P. ("Trian Onshore"), Trian Partners Master Fund, L.P. ("Trian Offshore"), Trian Partners Parallel Fund I, L.P. ("Parallel Fund I"), Trian Partners Master Fund (ERISA), L.P. ("Trian ERISA Fund"), Trian Partners Strategic Investment Fund, L.P. ("Strategic Fund" ) and Trian Partners Strategic Investment Fund-A, L.P. ("Strategic Fund-A").
(2) (FN 1, contd.) Trian Partners General Partner, LLC is the general partner of Trian Partners GP, L.P., which is the general partner of Trian Onshore and Trian Offshore. Trian Partners Parallel Fund I General Partner, LLC is the general partner of Parallel Fund I. Trian Partners (ERISA) General Partner, LLC is the general partner of Trian Partners (ERISA) GP, L.P., which is the general partner of Trian ERISA Fund. Trian Partners Strategic Investment Fund General Partner, LLC is the general partner of Trian Partners Strategic Investment Fund GP, L.P., which is the general partner of Strategic Fund and Trian Partners Strategic Investment Fund-A General Partner, LLC is the general partner of Trian Partners Strategic Investment Fund-A GP, L.P., which is the general partner of Strategic Fund-A.
(3) (FN 2, contd.) Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
 
Remarks:
Each of Trian Fund Management GP, LLC, Trian Partners General Partner, LLC, Trian Partners (ERISA) General Partner, LLC, Trian Partners Parallel Fund I General Partner, LLC, Trian Partners Strategic Investment Fund General
Partner, LLC and Trian Partners Strategic Investment Fund-A General Partner, LLC (collectively the "GP Entities") is also a reporting person. Since the SEC's filing system will not accept CIK and CCC codes from more than ten
joint filers of a report, the GP Entities have filed a separate Form 3 that relates to the same securities reported herein. Thus, in total, there are 13 joint filers: the GP Entities, Trian Fund Management, L.P. and each of the other persons
that is signatory to this Form 3.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.