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: ALTMAN WILLARD H JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-15	Common Stock	J	8.263	$65.20	Acquired	547.009	Direct
2004-06-15	Common Stock	J	8.623	$63.43	Acquired	555.632	Direct
2004-09-15	Common Stock	J	8.535	$65.10	Acquired	564.167	Direct
2004-12-15	Common Stock	J	8.214	$68.68	Acquired	572.381	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Stock	1800	Direct

Footnotes

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