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LEGG MASON NAMES 'THANKSGIVING LIST' OF STOCK SELECTIONS

 BALTIMORE, Nov. 23 ~PRNewswire~ -- Legg Mason Wood Walker, Inc., today released its annual "Thanksgiving List Portfolio" containing its top 12 stock picks for 1993. The Baltimore-based regional securities firm disclosed that last year's portfolio rose 23.5 percent. By comparison, the S&P 500 rose 15.2 percent over the same period.
 The 1992 Thanksgiving List Portfolio reflected the transition from a static list to a managed portfolio, which was announced last year. Six of the original stocks were replaced with new selections during the year.
 "We think the guidelines of a managed portfolio are more appropriate in a rapidly changing investment environment," said E. Robert Quasman, senior vice president and director of research.
 The Thanksgiving List Portfolio is distributed annually a few days before Thanksgiving to the firm's clients. It is comprised of a dozen stocks which Legg Mason's research department feels represent outstanding investment opportunities for the year ahead. Year-to-year performance measurements have been based on the assumption that an equal amount of money was committed to each of the 12 stocks.
 This year's selections include:
 Company Ticker Symbol 11~19~92 52-Week
 Price($) Range
 American Express AXP 22-1~4 25-18
 Borden, Inc. BN 26-3~4 35-26
 Dep Corporation(A) DEPC 13-3~4 17-10
 Fuqua Industries FQA 11-1~8 17-9
 Greyhound Lines BUS 10-5~8 12-6
 Humana, Inc. HUM 18-3~4 30-17
 Instrument Systems ISY 5-3~4 8-4
 Lilly (Eli) & Company LLY 63-3~8 88-58
 Media General MEGA 18-3~8 23-14
 Octel Communications(A) OCTL 21-1~8 38-14
 Porta Systems PSI 13-3~4 26-11
 Premark International PMI 34-3~8 51-30
 (A) -- Legg Mason Wood Walker, Inc. makes a market in this security.
 Consistent with the firm's value-oriented investment management style, this year's stocks either sell at a low multiple of earnings or book value, provide an above average dividend yield or possess other characteristics that suggest they are undervalued or overlooked by investors.
 Since the list was first announced in 1979, its performance has exceeded that of the S&P 500 in 11 out of the 14 years. Over the period, the Thanksgiving List Portfolio has provided a 27.4 percent average annual return. By comparison, the S&P 500 has provided a 17.2 percent average annual return over the e? period.
 Listed below are the 14-year results of the Legg Mason Thanksgiving List Portfolio:
 Legg Mason Thanksgiving List Portfolio Performance (A)
 Legg Mason S&P 500
 1979 34.1 percent 17.2 percent
 1980 42.8 41.2
 1981 19.0 (5.3)
 1982 56.8 20.5
 1983 44.9 26.6
 1984 29.9 3.9
 1985 35.4 26.2
 1986 26.8 25.8
 1987 (4.0) 3.5
 1988 40.1 14.0
 1989 10.7 32.2
 1990 (24.6) (4.3)
 1991 47.8 23.9
 1992 23.5 15.2
 Average Annual Return
 (1979 - 1992) 27.4 percent 17.2 percent
 All figures include dividends.
 Legg Mason Wood Walker, Inc., provides securities brokerage and investment banking services, and is a wholly owned subsidiary of Legg Mason, Inc. (NYSE: LM). Its 78 offices are located in the Eastern and Gulf South regions.
 (A) -- The Thanksgiving List is comprised of 12 issues recommended in the respective December issues of the Legg Mason Wood Walker, Inc. Monthly Investment Letter. The results prior to 1991 reflect the performance of an unmanaged list of issues held for the entire year. Beginning in 1991, the list was managed so as to enable the sale of an issue to realize a gain or minimize a problem and the proceeds reinvested. The list is not a complete summary of all recommendations made during the respective periods by Legg Mason's research department. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of this list.
 -0- 11~23~92
 ~CONTACT: E. Robert Quasman, director of research, 410-539-0000, ext. 5448, or Geraldine D. Leder, director of marketing, ext. 5881, both of Legg Mason~
 (LM)


CO: Legg Mason Wood Walker, Inc. ST: Maryland IN: FIN SU: ECO

GK-OS -- NY024 -- 0430 11~23~92 11:03 EST
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Date:Nov 23, 1992
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