SOURCE CAPITAL /DE/ — Director's Dealing 2003

Jul 31, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR+)
CIK: 0000091847
Period of Report: 2003-07-29

Reporting Person: ONEIL STEPHEN W (Offr. of inv. co's. inv. adv.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-29	Preferred Stock	P	1500	$30.95	Acquired	1500	Direct