MERCURY GENERAL CORP — Director's Dealing 2003

Dec 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCURY GENERAL CORP (MCY)
CIK: 0000064996
Period of Report: 2003-12-15

Reporting Person: KITZMILLER KENNETH G (Underwriting-Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-15	Common Stock	M	2000	$24.4063	Acquired	22000	Direct
2003-12-15	Common Stock	S	2000	$45.9525	Disposed	20000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-15	Common Stock	$24.4063	M	2000	Disposed	2006-02-02	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1419	Indirect

Footnotes

F1: Includes ESOP allocations and dispositions since last report