Jefferies Financial Group Inc. — Director's Dealing 2004

Aug 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTERNATIONAL ASSETS HOLDING CORP (IAAC)
CIK: 0000913760
Period of Report: 2004-08-13

Reporting Person: LEUCADIA NATIONAL CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-13	Common Stock	C	869565	$5.75	Acquired	1046665	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-13	7% Convertible Subordinated Notes due 2014	$5.75	C		Disposed	2014-12-31	Common Stock (869565)	Direct

Footnotes

F1: On August 13, 2004, the Issuer converted the notes into common stock without further action of the Reporting Person.

F2: Not applicable.