SOURCE CAPITAL /DE/ — Director's Dealing 2004

Feb 13, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR)
CIK: 0000091847
Period of Report: 2003-12-31

Reporting Person: ATWOOD J RICHARD (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-03-17	Common Stock	J	0.3376	$39.3680	Acquired	15.5327	Direct
2003-06-16	Common Stock	J	0.2748	$49.4570	Acquired	15.8075	Direct
2003-09-15	Common Stock	J	0.2571	$53.7985	Acquired	16.0646	Direct
2003-12-15	Common Stock	J	0.2486	$56.5250	Acquired	16.3132	Direct

Footnotes

F1: Shares acquired through the Company's dividend reinvestment plan.