Jefferies Financial Group Inc. — Director's Dealing 2003

Dec 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2003-11-06

Reporting Person: CUMMING IAN M (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-06	Common Shares	G	27254	—	Disposed	8881483	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	120312	Indirect

Footnotes

F1: Reporting Person gifted such shares to the Cumming Foundation. Reporting Person is a trustee and President of the foundation and disclaims beneficial ownership of the common shares held by the foundation.

F2: Beneficially owned by the Reporting Person's wife (directly and through trusts for the benefit of his children of which his wife is trustee).