Jefferies Financial Group Inc. — Director's Dealing 2004

Sep 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2004-09-24

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-09-24	Warrants to Purchase Common Shares (Right to Buy)	$23.95	S	241000	Disposed	2005-05-16	Common Shares (241000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants to Purchase Common Shares (Right to Buy)	$23.95	2005-05-16	Common Shares (50000)	50000	Indirect

Footnotes

F1: Consists of warrants held by trusts for the benefit of Mr. Cumming's sons.