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Legg Mason's Scholars ChoiceA® College Savings Program Secures Fourth Year Among The Top Four

BALTIMORE, Dec. 19, 2013 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Scholars Choice College Savings Program had delivered its 16th consecutive quarter of outstanding investment performance. As it has continuously for the past four years, the plan once again ranked among the top 4-performing advisor-sold 529 plans for a quarterly rolling 1-year period. Savingforcollege.com also named Scholars Choice the #1-ranked plan for both the 3- and 5-year periods ending September 30th, 2013, including and excluding the impact of sales charges.

"While we're grateful for the ongoing accolades, we're even more excited to know that we are continuing to help college savers and the advisors that guide those saving for college," noted John Kenney, Head of Legg Mason Global Asset Allocation.

"Recent data suggest that college tuition inflation may be slowing, which may make savings goals appear more achievable," stated Joe Hurley, founder of Savingforcollege.com. "As motivated parents make a greater effort to begin saving, they will be on the lookout for a top-performing 529."

Savingforcollege.com — an independent informational website owned by Saving for College, 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.

All Savingforcollege.com rankings are as of September 30, 2013 and are based on the universe of 30 advisor-sold plans for Class A share performance (including maximum sales charges). The portfolios within the plans are compared and ranked based on published investment returns. The plan's composite ranking is determined by the average of its percentile ranking. The program ranked 4, 1, 1 and 11 for the quarterly rolling 1-, 3-, 5- and 10-year periods, respectively. Past performance is no guarantee of future results. The performance and rankings discussed are inherently limited and are not indicative of longer-term performance. Current performance may be lower or higher than performance results used for these rankings, resulting in different rankings that may be lower than those shown. Market volatility, interest-rate changes and economic events, among other factors, can affect an investment's short-term returns.

Ranking MethodologySavingforcollege.com derives the rankings using each plan's relevant portfolio performance in seven unique asset allocation categories: 100% Equity, 80% Equity, 60% Equity, 40% Equity, 20% Equity, 100% Fixed and 100% Short Term. The plan's composite ranking is determined by the average of its percentile ranking in these categories. Within each category, portfolios are compared and ranked based on published investment returns. Separate rankings are produced for 1-, 3-, 5-, and 10-year periods. In addition, two versions of rankings for each performance period are produced: one based on performance without sales charges and the other based on performance with maximum sales charges. Please visit Savingforcollege.com for more information about the ranking.

Additional unit classes may exist for each plan ranked. Please refer to each plan's program disclosure statement for more information regarding its performance, fees and expenses. For Scholars Choice's program disclosure statement, please visit scholars-choice.com.

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