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: REES DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-15	Common Stock	J	110.5270	$72.1050	Acquired	7936.0838	Indirect
2006-06-15	Common Stock	J	118.3764	$68.2575	Acquired	8054.4602	Indirect
2006-09-15	Common Stock	J	127.8512	$64.1250	Acquired	8182.3114	Indirect
2006-12-15	Common Stock	J	219.8627	$65.4100	Acquired	8402.1741	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Stock	240	Indirect

Footnotes

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