FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   BAIN PETER L 2. Date of Event Requiring Statement (Month/Day/Year) 08/01/2006 3. Issuer Name and Ticker or Trading Symbol MANAGED MUNICIPALS PORTFOLIO INC [MMU] (Last) (First) (Middle) LEGG MASON INC, 100 LIGHT ST 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) BALTIMORE, MD 21202 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) common stock 0 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BAIN PETER L LEGG MASON INC 100 LIGHT ST BALTIMORE, MD 21202	  X	Â	Â	Â
FETTING MARK R C/O ROYCE & ASSOCIATES, LLC 1414 AVENUE OF THE AMERICAS NEW YORK, NY 10019	  X	Â	Â	Â
SCHEVE TIMOTHY C LEGG MASON INC 100 LIGHT ST BALTIMORE, MD 21202	  X	Â	Â	Â
MANDIA THOMAS C 300 FIRST STAMFORD PLACE CITIGROUP ASSET MANAGEMENT STAMFORD, CT 06902	Â	Â	  secretary	Â
GERKEN R JAY 399 PARK AVENUE 4TH FL NEW YORK, NY 10022	  X	Â	Â	Â
SHEPLER ROBERT P 300 FIRST STAMFORD CICIGROUP ASSET MANAGEMENT STAMFORD, CT 06902	Â	Â	  senior vice president	Â
Kelly Jeanne 300 FIRST STAMFORD PLACE 4TH FLOOR STAMFORD, CT 06902	Â	Â	  senior vice president	Â
Becker Ted P 399 PARK AVENUE 4TH FLOOR NEW YORK, NY 10022	Â	Â	  chief compliance officer	Â
Murphy Terrence CITIGROUP ASSET MANAGEMENT 300 FIRST STAMFORD PLACE, 4TH FLOOR STAMFORD, CT 06902	Â	Â	  chief finacial officer	Â

Signatures

William J. Renahan by Power of Attorney for Peter Bain		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Mark Fetting		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Tim Scheve		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Tom Mandia		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Jay Gerken		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Bob Shepler		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Jeanne Kelly		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Ted Becker		08/08/2006
**Signature of Reporting Person		Date
William J. Renahan by Power of Attorney for Terrence Murphy		08/08/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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