UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-06444

Legg Mason Partners Equity Trust

(Exact name of registrant as specified in charter)

55 Water Street, New York, NY 10041

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

300 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-451-2010

Date of fiscal year end: January 31

Date of reporting period: April 30, 2008

ITEM 1. SCHEDULE OF INVESTMENTS

LEGG MASON PARTNERS EQUITY TRUST

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

FORM N-Q

APRIL 30, 2008

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

Schedule of Investments (unaudited) April 30, 2008

SHARES	SECURITY		VALUE
COMMON STOCKS - 69.6%
CONSUMER DISCRETIONARY - 5.0%
Hotels, Restaurants & Leisure - 1.8%
102,250	Yum! Brands Inc.	$	4,159,530
Media - 0.9%
53,450	Focus Media Holding Ltd., ADR *		1,971,770
Multiline Retail - 0.9%
36,050	Target Corp.		1,915,337
Textiles, Apparel & Luxury Goods - 1.4%
43,000	V.F. Corp.		3,198,340
	TOTAL CONSUMER DISCRETIONARY		11,244,977
CONSUMER STAPLES - 7.5%
Beverages - 1.9%
63,200	PepsiCo Inc.		4,331,096
Food & Staples Retailing - 1.8%
100,100	CVS Corp.		4,041,037
Food Products - 1.7%
252,550	Darling International Inc. *		3,856,439
Household Products - 2.1%
69,600	Procter & Gamble Co.		4,666,680
	TOTAL CONSUMER STAPLES		16,895,252
ENERGY - 7.8%
Energy Equipment & Services - 3.1%
57,000	FMC Technologies Inc. *		3,830,400
46,629	National-Oilwell Varco Inc. *		3,191,755
	Total Energy Equipment & Services		7,022,155
Oil, Gas & Consumable Fuels - 4.7%
39,950	Apache Corp.		5,380,466
70,281	BP PLC, ADR		5,115,754
	Total Oil, Gas & Consumable Fuels		10,496,220
	TOTAL ENERGY		17,518,375
FINANCIALS - 8.6%
Capital Markets - 2.1%
80,350	T. Rowe Price Group Inc.		4,705,296
Commercial Banks - 1.8%
138,500	Wells Fargo & Co.		4,120,375
Diversified Financial Services - 3.2%
108,650	Bank of America Corp.		4,078,721
46,350	NYSE Euronext		3,063,735
	Total Diversified Financial Services		7,142,456
Insurance - 1.5%
48,200	Arch Capital Group Ltd. *		3,405,330
	TOTAL FINANCIALS		19,373,457
HEALTH CARE - 10.8%
Biotechnology - 3.2%
46,200	Genentech Inc. *		3,150,840
76,550	Gilead Sciences Inc. *		3,962,228
	Total Biotechnology		7,113,068
Health Care Equipment & Supplies - 3.5%
56,700	Covidien Ltd.		2,647,323
56,750	Inverness Medical Innovations Inc. *		2,099,750

See Notes to Schedule of Investments.

1

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

Schedule of Investments (unaudited) (continued) April 30, 2008

SHARES	SECURITY		VALUE
Health Care Equipment & Supplies - 3.5% (continued)
47,600	Stryker Corp.	$	3,085,908
	Total Health Care Equipment & Supplies		7,832,981
Health Care Providers & Services - 4.1%
59,600	Aetna Inc.		2,598,560
49,550	Express Scripts Inc. *		3,469,491
47,750	Pediatrix Medical Group Inc. *		3,247,955
	Total Health Care Providers & Services		9,316,006
	TOTAL HEALTH CARE		24,262,055
INDUSTRIALS - 9.2%
Commercial Services & Supplies - 3.6%
142,400	Covanta Holding Corp. *		3,792,112
133,850	Republic Services Inc.		4,255,091
	Total Commercial Services & Supplies		8,047,203
Electrical Equipment - 2.8%
70,750	Emerson Electric Co.		3,697,395
59,450	Suntech Power Holdings Co., Ltd., ADR *		2,659,199
	Total Electrical Equipment		6,356,594
Machinery - 2.8%
55,550	Deere & Co.		4,670,088
36,000	PACCAR Inc.		1,703,520
	Total Machinery		6,373,608
	TOTAL INDUSTRIALS		20,777,405
INFORMATION TECHNOLOGY - 11.1%
Communications Equipment - 2.2%
124,050	Cisco Systems Inc. *		3,180,642
68,050	Juniper Networks Inc. *		1,879,541
	Total Communications Equipment		5,060,183
Computers & Peripherals - 0.8%
10,450	Apple Inc. *		1,817,778
Internet Software & Services - 0.9%
3,550	Google Inc., Class A Shares *		2,038,729
IT Services - 1.2%
72,700	Accenture Ltd., Class A Shares		2,729,885
Semiconductors & Semiconductor Equipment - 3.1%
73,900	Broadcom Corp., Class A Shares *		1,918,444
205,100	Marvell Technology Group Ltd. *		2,656,045
38,600	MEMC Electronic Materials Inc. *		2,430,642
	Total Semiconductors & Semiconductor Equipment		7,005,131
Software - 2.9%
87,250	Amdocs Ltd. *		2,737,905
73,900	Microsoft Corp.		2,107,628
77,350	Oracle Corp. *		1,612,747
	Total Software		6,458,280
	TOTAL INFORMATION TECHNOLOGY		25,109,986
MATERIALS - 5.8%
Chemicals - 3.4%
38,349	Air Products & Chemicals Inc.		3,774,692
21,300	Potash Corporation of Saskatchewan Inc.		3,918,135
	Total Chemicals		7,692,827
Construction Materials - 0.3%
6,800	Martin Marietta Materials Inc.		743,784

See Notes to Schedule of Investments.

2

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

Schedule of Investments (unaudited) (continued) April 30, 2008

	SHARES	SECURITY		VALUE
	Metals & Mining - 2.1%
	29,480	Cleveland-Cliffs Inc.	$	4,728,592
		TOTAL MATERIALS		13,165,203
	TELECOMMUNICATION SERVICES - 2.0%
	Wireless Telecommunication Services - 2.0%
	39,850	America Movil SAB de CV, Series L Shares, ADR		2,309,706
	49,625	American Tower Corp., Class A Shares *		2,154,718
		TOTAL TELECOMMUNICATION SERVICES		4,464,424
	UTILITIES - 1.8%
	Electric Utilities - 1.8%
	49,050	Exelon Corp.		4,192,794
		TOTAL COMMON STOCKS (Cost - $131,791,134)		157,003,928
	FACE AMOUNT
	ASSET-BACKED SECURITIES - 0.7%
	Automobiles - 0.4%
$	341,366	BMW Vehicle Owner Trust, 5.130% due 9/27/10		343,971
		Harley-Davidson Motorcycle Trust:
	335,703	2.690% due 4/15/11		335,480
	211,029	3.200% due 5/15/12		210,180
		Total Automobiles		889,631
	Credit Card - 0.3%
	711,000	MBNA Credit Card Master Note Trust, 4.300% due 2/15/11		712,423
		TOTAL ASSET-BACKED SECURITIES (Cost - $1,586,763)		1,602,054
	COLLATERALIZED MORTGAGE OBLIGATION - 1.2%
	2,590,572	Federal Home Loan Mortgage Corp. (FHLMC), 5.500% due 12/15/18 (Cost - $2,574,971)		2,632,090
	CORPORATE BONDS & NOTES - 9.1%
	Capital Markets - 1.2%
	715,000	Goldman Sachs Group Inc., Senior Notes, 5.700% due 9/1/12		730,041
	1,000,000	Lehman Brothers Holdings Inc., Medium-Term Notes, 4.500% due 7/26/10		984,083
	1,000,000	Morgan Stanley, Medium-Term Notes, 5.625% due 1/9/12		1,010,827
		Total Capital Markets		2,724,951
	Chemicals - 0.3%
	600,000	Potash Corp. of Saskatchewan Inc., Notes, 5.875% due 12/1/36		563,656
	Commercial Banks - 0.3%
	700,000	Wells Fargo Bank NA, Subordinated Notes, 6.450% due 2/1/11		734,938
	Computers & Peripherals - 0.4%
	1,000,000	International Business Machines Corp., Medium-Term Notes, 4.375% due 6/1/09		1,012,044
	Consumer Finance - 1.3%
	1,000,000	American Express Credit Corp., Senior Notes, 5.000% due 12/2/10		1,015,961
	2,175,000	SLM Corp., Medium-Term Notes, 5.000% due 10/1/13		1,855,775
		Total Consumer Finance		2,871,736
	Diversified Financial Services - 2.1%
	1,000,000	Bank of America Corp., Senior Notes, 5.625% due 10/14/16		1,015,684
	1,000,000	Countrywide Home Loans Inc., Medium-Term Notes, 4.000% due 3/22/11		916,218
	750,000	HSBC Finance Corp., Notes, 6.375% due 10/15/11		777,576

See Notes to Schedule of Investments.

3

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

Schedule of Investments (unaudited) (continued) April 30, 2008

	FACE AMOUNT	SECURITY		VALUE
	Diversified Financial Services - 2.1% (continued)
$	650,000	IBM International Group Capital LLC, 5.050% due 10/22/12	$	671,064
	700,000	John Deere Capital Corp., Medium-Term Notes, 5.650% due 7/25/11		728,379
	540,000	National Rural Utilities Cooperative Finance Corp., Medium-Term Notes, 8.000% due 3/1/32		631,820
		Total Diversified Financial Services		4,740,741
	Diversified Telecommunication Services - 0.5%
	1,000,000	Verizon Communications Inc., Senior Notes, 5.350% due 2/15/11		1,028,071
	Insurance - 0.3%
	675,000	Genworth Financial Inc., Notes, 6.500% due 6/15/34		618,367
	Media - 0.7%
	600,000	Comcast Corp., Bonds, 5.650% due 6/15/35		536,321
	1,000,000	Walt Disney Co., Medium-Term Notes, Global Notes, 5.700% due 7/15/11		1,046,421
		Total Media		1,582,742
	Oil, Gas & Consumable Fuels - 0.3%
	750,000	Apache Corp., Senior Notes, 5.250% due 4/15/13		770,485
	Pharmaceuticals - 1.1%
	650,000	Abbott Laboratories, 5.600% due 11/30/17		673,089
	850,000	AstraZeneca PLC, 5.400% due 9/15/12		881,471
	850,000	Johnson & Johnson, 5.150% due 8/15/12		901,237
		Total Pharmaceuticals		2,455,797
	Road & Rail - 0.3%
	650,000	Norfolk Southern Corp., Senior Notes, 7.250% due 2/15/31		722,970
	Specialty Retail - 0.3%
	700,000	Home Depot Inc., Senior Notes, 5.200% due 3/1/11		696,654
		TOTAL CORPORATE BONDS & NOTES (Cost - $20,680,878)		20,523,152
	MORTGAGE-BACKED SECURITIES - 9.1%
	FHLMC - 5.3%
		Federal Home Loan Mortgage Corp. (FHLMC):
	648,573	6.000% due 9/1/37		664,197
		Gold:
	4,778,164	5.000% due 3/1/19-7/1/35		4,772,896
	1,446,010	4.500% due 6/1/21		1,431,084
	2,642,773	6.000% due 2/1/22-2/1/36		2,709,703
	1,156,873	6.500% due 1/1/37		1,199,911
	1,118,489	5.500% due 2/1/37		1,126,908
		TOTAL FHLMC		11,904,699
	FNMA - 2.9%
		Federal National Mortgage Association (FNMA):
	254	6.500% due 3/1/29		265
	612,581	4.500% due 2/1/35		584,487
	3,726,931	5.500% due 6/1/36-11/1/36		3,752,653
	2,164,398	6.000% due 5/1/37-9/1/37		2,215,098
		TOTAL FNMA		6,552,503
	GNMA - 0.9%
	1,694,327	Government National Mortgage Association (GNMA) I, 5.000% due 12/15/35		1,680,499

See Notes to Schedule of Investments.

4

LEGG MASON PARTNERS SOCIAL AWARENESS FUND

Schedule of Investments (unaudited) (continued) April 30, 2008

FACE AMOUNT		SECURITY	VALUE
	GNMA - 0.9% (continued)
$	322,969	Government National Mortgage Association (GNMA) II, 7.000% due 11/20/36	$	341,020
		TOTAL GNMA		2,021,519
		TOTAL MORTGAGE-BACKED SECURITIES (Cost - $20,025,902)		20,478,721
	U.S. GOVERNMENT & AGENCY OBLIGATIONS - 6.7%
	U.S. Government Agencies - 5.1%
		Federal National Mortgage Association (FNMA):
	303,000	Bonds, 6.625% due 11/15/30		372,647
		Notes:
	3,882,000	4.625% due 10/15/13		4,057,583
	3,199,000	5.000% due 4/15/15		3,396,222
	2,003,000	4.875% due 12/15/16		2,092,107
	1,587,000	5.375% due 6/12/17		1,718,438
		Total U.S. Government Agencies		11,636,997
	U.S. Government Obligations - 1.6%
	1,083,000	U.S. Treasury Bonds, 8.875% due 8/15/17		1,505,286
		U.S. Treasury Notes:
	1,520,000	3.375% due 11/30/12		1,543,394
	497,000	4.250% due 11/15/14		526,005
		Total U.S. Government Obligations		3,574,685
		TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost - $14,458,343)		15,211,682
		TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENT (Cost - $191,117,991)		217,451,627
	SHORT-TERM INVESTMENT - 3.6%
	Repurchase Agreement - 3.6%
	8,037,796	Goldman Sachs & Co. repurchase agreement dated 4/30/08, 1.960% due 5/1/08; Proceeds at maturity - $8,038,234; (Fully collateralized by U.S. government agency obligation, 5.500% due 4/1/36; Market value - $8,234,346) (Cost - $8,037,796)		8,037,796
		TOTAL INVESTMENTS - 100.0% (Cost - $199,155,787#)		225,489,423
		Liabilities in Excess of Other Assets - 0.0%		(8,798	)
		TOTAL NET ASSETS - 100.0%	$	225,480,625

* Non-income producing security.

# Aggregate cost for federal income tax purposes is substantially the same.

Abbreviation used in this schedule:

ADR - American Depositary Receipt

See Notes to Schedule of Investments.

5

Notes to Schedule of Investments (unaudited)

1. Organization and Significant Accounting Policies

Legg Mason Partners Social Awareness Fund (the “Fund”) is a separate diversified investment series of Legg Mason Partners Equity Trust (the “Trust”). The Trust, a Maryland business trust, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(a) Repurchase Agreements. When entering into repurchase agreements, it is the Fund’s policy that its custodian or a third party custodian take possession of the underlying collateral securities, the market value of which, at all times, at least equals the principal amount of the repurchase transaction, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked-to-market to ensure the adequacy of the collateral. If the seller defaults, and the market value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited.

(b) Security Transactions. Security transactions are accounted for on a trade date basis.

2. Investment Valuation

Effective February 1, 2008, the Fund adopted Statement of Financial Accounting Standards No. 157 (“FAS 157”). FAS 157 establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Fund’s investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Debt securities are valued at the mean between the last quoted bid and asked prices provided by an independent pricing service that are based on transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and various other relationships between securities. When prices are not readily available, or are determined not to reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund may value these securities at fair value as determined in accordance with the procedures approved by the Fund’s Board of Trustees. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates fair value.

The following is a summary of the inputs used in valuing the Fund’s assets carried at fair value:

	April 30, 2008		Quoted Prices (Level 1)		Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Investments in Securities	$	225,489,423	$	157,003,928	$	68,485,495	$	0
Other Financial Instruments*		—		—		—		—
Total	$	225,489,423	$	157,003,928	$	68,485,495	$	0

* Other financial instruments include options, futures, swaps and forward contracts.

6

Notes to Schedule of Investments (unaudited) (continued)

3. Investments

At April 30, 2008, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:

Gross unrealized appreciation	$	33,378,375
Gross unrealized depreciation		(7,044,739	)
Net unrealized appreciation	$	26,333,636

4. Recent Accounting Pronouncements

In March 2008, the Financial Accounting Standards Board issued the Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 is effective for fiscal years and interim periods beginning after November 15, 2008. FAS 161 requires enhanced disclosures about the Fund’s derivative and hedging activities, including how such activities are accounted for and their effect on the Fund’s financial position, performance and cash flows. Management is currently evaluating the impact the adoption of FAS 161 will have on the Fund’s financial statements and related disclosures.

7

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Legg Mason Partners Equity Trust
By	/s/ R. JAY GERKEN
	R. Jay Gerken
	Chief Executive Officer
Date: June 20, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ R. JAY GERKEN
	R. Jay Gerken
	Chief Executive Officer
Date: June 20, 2008
By:	/s/ KAPREL OZSOLAK
	Kaprel Ozsolak
	Chief Financial Officer
Date: June 20, 2008