MERCURY GENERAL CORP — Director's Dealing 2005

May 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MERCURY GENERAL CORP (MCY)
CIK: 0000064996
Period of Report: 2005-05-25

Reporting Person: WALTERS JUDY A (Corp.Secty - Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-25	Common Stock	M	4000	$21.75	Acquired	10000	Direct
2005-05-25	Common Stock	S	3900	$54.30	Disposed	6100	Direct
2005-05-25	Common Stock	S	100	$54.37	Disposed	6000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-25	Common Stock	$21.75	M	4000	Disposed	2006-08-02	Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	831	Indirect