SOURCE CAPITAL /DE/ — Director's Dealing 2005

Feb 11, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR)
CIK: 0000091847
Period of Report: 2004-12-31

Reporting Person: ATWOOD J RICHARD (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-15	Common Stock	J	0.2612	$62.4530	Acquired	16.5744	Direct
2004-06-15	Common Stock	J	0.2734	$60.6005	Acquired	16.8478	Direct
2004-09-15	Common Stock	J	0.2727	$61.7500	Acquired	17.1205	Direct
2004-12-15	Common Stock	J	0.2593	$66.0250	Acquired	17.3798	Direct

Footnotes

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