MEXCO ENERGY CORP — Director's Dealing 2004

Jan 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEXCO ENERGY CORP (MEXC)
CIK: 0000066418
Period of Report: 2004-01-28

Reporting Person: GRAHAM THOMAS JR (Director, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-27	Common Stock	S	500	$8.15	Disposed	119100	Direct

Footnotes

F1: Direct beneficial holdings after the sale total 119,100 shares which include vested options to acquire 35,000 shares of the Registrant's Common Stock ($0.50 par value) at the following prices: 10,000 shares @ $7.75 per share, 10,000 shares @ $7.50 per share, 7,500 shares @ $5.25 per share and 7,500 shares @ $6.75 per share.

F2: Total shares indirectly owned total 7,000 shares all of which are owned by spouse.