SOURCE CAPITAL /DE/ — Director's Dealing 2006

Feb 8, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR)
CIK: 0000091847
Period of Report: 2005-12-31

Reporting Person: ALTMAN WILLARD H JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-15	Common Stock	J	8.1	$70.67	Acquired	580.481	Direct
2005-06-15	Common Stock	J	8.4	$68.86	Acquired	588.881	Direct
2005-09-15	Common Stock	J	7.9	$74.59	Acquired	596.781	Direct
2005-12-15	Common Stock	J	20.4	$72.34	Acquired	617.181	Direct
2005-03-28	Preferred Stock	L	200	$33.80	Acquired	2000	Direct
2005-12-21	Preferred Stock	L	200	$33.50	Acquired	2200	Direct

Footnotes

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