Legg Mason reported a record high of $295.7 billion assets under...

Legg Mason reported a record high of $295.7 billion assets under management in the second quarter, up $79.1 billion from the same quarter a year before and up more than $9 billion from the first quarter. Also, investment advisory and related fees reached a record high of $368.8 million, up 53% from June 30, 2003. Legg Mason reported net revenues up 29% for the quarter from the second quarter of 2003, to $538.9 million, and net earnings up 48% to $86.4 million. Both figures were slightly below the record revenues and earnings numbers reported for the first quarter.