Legg Mason Canada Inc.

Privacy Statement

Legg Mason Canada Inc. ("LMC") is dedicated to protecting your privacy and the confidentiality of your personal information. This Privacy Statement tells you the ways in which LMC ensures that your privacy and the confidentiality of your personal information are protected.

LMC will obtain your consent to collect, use or disclose personal information. You have the right to access personal information held by LMC. Your personal information can only be used for the purposes for which it is collected. LMC will also protect your personal information by appropriate safeguards.

LMC collects and uses personal information to serve you. The type of information depends on the investment services or products we provide to you. LMC also collects information as part of our legal requirements, including “know your client” requirements. LMC may use information to offer you additional related services. Personal information may include your address and telephone number, social insurance number, birth date, account holdings, credit and other financially related information and similar information on your spouse and beneficiary. Depending on the investment or service we provide to you, additional personal information may be included in your client record, for example, your financial institution account information and contact information of your professional advisers or financial consultants.

Our Privacy Principles

As part of our privacy policy and in accordance with the federal Personal Information Protection and Electronic Documents Act (Canada), LMC has adopted the following ten principles:

1. Accountability: LMC is responsible for maintaining and protecting the personal information we collect about you.

2. Identifying Purposes: LMC will identify the purposes for which information is collected before or at the time the information is collected.

3. Consent: LMC will obtain your consent to collect and hold your personal information. LMC may rely on your actions as indications of your consent to our existing and future information practices including information given through your authorized representatives. Subject to certain legal restrictions and reasonable notice, you may withdraw your consent at any time. If you wish to withdraw your consent or discuss the implications of such withdrawal, please contact us.

4. Limiting Collection: LMC will limit the collection of personal information to what is necessary for the purposes identified. LMC may collect information from third parties such as your custodian, adviser or dealer.

5. Limiting Use, Disclosure and Retention: LMC will use and disclose information only for the purposes identified, except with the consent of the individual or as required or permitted by law. There are times when we may disclose information to an agent, service provider or other organization. This information will be used only for the identified purposes and LMC will ensure by contractual means that such information is used only for the purposes required. Personal information is retained for only as long as necessary.

6. Accuracy: LMC will use reasonable efforts to ensure your personal information is accurate, complete and up-to-date.

7. Safeguards: LMC will protect your personal information with appropriate safeguards and security measures in a manner appropriate to the sensitivity of the information.

8. Openness: LMC will make readily available to our clients, specific information about our policies and practices relating to the management of personal information.

9. Access: You are entitled to access your personal information. Through a written request, LMC will inform you of the existence, use and disclosure of your information and provide access to that information. You are entitled to challenge the accuracy and completeness of the information and have it amended, as appropriate. LMC may not be able to provide you with full access to your information if it contains references to other persons, it would reveal information commercially confidential to LMC, it is protected by solicitor/client privilege, or it cannot be disclosed for legal reasons.

10. Compliance: LMC will ensure that an individual will be able to address concerns regarding your information and our adherence to these principles.
May 2008
If you have any questions about our privacy policy, please feel free to contact us:
Legg Mason Canada Inc.
220 Bay Street, 4th Floor
Toronto, ON M5J 2W4
Attention: Privacy Officer
Telephone: 416-860-0616
Fax: 416-860-0628
E-mail: info@leggmasoncanada.com