SOURCE CAPITAL /DE/ — Director's Dealing 2007

Feb 2, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR)
CIK: 0000091847
Period of Report: 2006-12-31

Reporting Person: ALTMAN WILLARD H JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock	J	8.284	$73.13	Acquired	625.465	Direct
2006-06-15	Common Stock	J	8.680	$67.59	Acquired	634.145	Direct
2006-09-15	Common Stock	J	9.675	$67.59	Acquired	643.820	Direct
2006-12-15	Common Stock	J	16.683	$67.55	Acquired	660.503	Direct
2006-02-15	Preferred Stock	L	200	$33.82	Acquired	2400	Direct
2006-03-13	Preferred Stock	L	200	$32.75	Acquired	2600	Direct
2006-07-05	Preferred Stock	L	200	$31.60	Acquired	2800	Direct
2006-08-22	Preferred Stock	L	200	$30.90	Acquired	3000	Direct

Footnotes

F1: Shares acquired through dividend reinvestment.