DILLARD'S, INC. — Director's Dealing 2008

Mar 20, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DILLARDS INC (DDS)
CIK: 0000028917
Period of Report: 2008-03-10

Reporting Person: LONGLEAF PARTNERS FUNDS TRUST (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9050748	Direct

Footnotes

F1: As a result of its recent Schedule 13D filing, Longleaf Partners Small-Cap Fund may now be deemed a "beneficial owner" of more than 10% of the company's Class A Common Stock for Section 16 purposes, under Rule 16a-1(a)(1). The ownership information contained herein has already been reported on Schedule 13D, and as permitted by Rule 16a-1, this Form 3 filing shall not be deemed an admission that Longleaf Partners Small-Cap Fund is the beneficial owner of more than 10% of the company's Class A Common Stock for Section 16 purposes.