SC 13G: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

Securities and Exchange Commission
Washington, D.C. 20549

Schedule 13-G
Under the Securities Exchange Act of 1934

Tanger Factory Outlet Centers, Inc.
REIT
CUSIP Number 875465106

Check the following box if a fee is being paid with this statement. [ ]

CUSIP No. 875465106

1) Name of reporting person:
Legg Mason, Inc.
Tax Identification No:
52-1200960

2) Check the appropriate box if a member of a group:
a) n/a
b) n/a

3) SEC use only

4) Place of organization:
Baltimore, Maryland

Number of shares beneficially owned by each reporting person with:
5) Sole voting power: 426,200 shares*
6) Shared voting power:
7) Sole dispositive power: 474,850 shares*
8) Shared dispositive power:

9) Aggregate amount beneficially owned by each reporting person:
474,850 shares*

10) Check if the aggregate amount in row (9) excludes certain shares:
n/a

11) Percent of class represented by amount in row (9):
6.12%

12) Type of reporting person:
HC

*422,900 (5.45%) shares are held by Legg Mason Total Return Trust, Inc., with
Legg Mason Fund Adviser, Inc. having power to dispose thereof. The remainder are
held by various clients of Legg Mason Wood Walker, Inc., Batterymarch Financial
Management, Inc. and Gray, Seifert & Company, Inc., each having power to dispose
thereof.

Schedule 13-G
Page 2

Item 1a) Name of issuer:
Tanger Factory Outlet Centers, Inc.
Item 1b) Address of issuer's principal executive offices:
1400 W. Northwood St.
Greensboro, NC 27408
Item 2a) Name of person filing:
Legg Mason, Inc.

Item 2b) Address of principal business office:
100 Light Street
Baltimore, Maryland 21202
Item 2c) Citizenship:
Maryland Corporation
Item 2d) Title of class of securities:
REIT
Item 2e) CUSIP number: 875465106
Item 3) If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) [ ] Broker or dealer under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act.
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to ERISA of
1974 or Endowment Fund; see 240.13d-1(b)(ii)(F).
(g) [X] Parent holding company, in accordance with 240.13d-1(b)(ii)(G).
(h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H).

Item 4) Ownership:
(a) Amount beneficially owned:
474,850 shares*
(b) Percent of Class:
6.12%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
426,200 shares*
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the disposition of:
474,850 shares*
(iv) shared power to dispose or to direct the disposition of:

*422,900 (5.45%) shares are held by Legg Mason Total Return Trust, Inc., with
Legg Mason Fund Adviser, Inc. having power to dispose thereof. The remainder are
held by various clients of Legg Mason Wood Walker, Inc., Batterymarch Financial
Management, Inc. and Gray, Seifert & Company, Inc., each having power to dispose
thereof.



Schedule 13-G
Page 3



Item 5) Ownership of Five Percent or less of a class:
n/a

Item 6) Ownership of more than Five Percent on behalf of another person:
n/a

Item 7) Identification and classification of the subsidiary which acquired
the security being reported on by the parent holding company:
Legg Mason Fund Adviser, Inc., as investment adviser with discretion
Legg Mason Wood Walker, Inc., as broker/dealer with discretion
Batterymarch Financial Management, Inc., as investment adviser
with discretion
Gray, Seifert & Company, Inc., as investment adviser with discretion

Item 8) Identification and classification of members of the group:
n/a

Item 9) Notice of dissolution of group:
n/a

Item 10) Certification:

By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purposes or effect.

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


February 11, 1998
Date

/s/Timothy C. Scheve
Signature

Timothy C. Scheve, Executive Vice President, Legg Mason, Inc.
Name/Title