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: REES DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-15	Common Stock	J	109.2575	$67.4500	Acquired	7334.6843	Indirect
2005-06-15	Common Stock	J	110.3335	$67.7825	Acquired	7445.0178	Indirect
2005-09-15	Common Stock	J	106.9402	$70.9650	Acquired	7551.9580	Indirect
2005-12-15	Common Stock	J	273.5988	$68.7040	Acquired	7825.5568	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Stock	240	Indirect

Footnotes

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