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Legg Mason's Scholars Choice® College Savings Program Dominates 3-Yr Performance Rankings From Savingforcollege.com

BALTIMORE, June 5, 2012 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Scholars Choice College Savings Program has locked up the #1 spot for advisor-sold 529 plans for the three-year period as of March 31, 2012, based on investment performance. For the first time, Savingforcollege.com gave Scholars Choice top honors for the three-year period both with and without the impact of fees. In addition, this is the tenth quarter in a row that Savingforcollege.com ranked Scholars Choice among the top 4 performing advisor-sold 529 plans for a quarterly rolling one-year period (including fees).

"Tuition continues to rise, making college affordability a major concern for parents right now," remarked Matt Schiffman, Head of Global Marketing for Legg Mason. "With its solid results and active management, Scholars Choice helps investors make the most of their savings, putting college within reach for investors nationwide."

Joseph Hurley, founder and CEO of Savingforcollege.com, noted, "A proven track record is an important criterion to consider when choosing a 529 plan. In fact, over time plan performance may even trump the value of the state tax benefit. Investors and their financial advisors would be wise to factor this into their analysis."

Savingforcollege.com—an independent informational website owned by JFH Innovative LLC — is generally regarded by industry professionals as one of the leading experts on college savings. Scholars Choice is managed by Legg Mason's independent investment firm, Legg Mason Global Asset Allocation, and distributed by Legg Mason Investor Services for the State of Colorado.

Ranking Methodology

The Savingforcollege.com Plan Composite Rankings, which rank Class A Unit portfolio performance for a universe of advisor-sold 529 plans, apply to the rolling one-, three-year periods through the end of each calendar quarter.

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