SOURCE CAPITAL /DE/ — Director's Dealing 2008

Feb 1, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SOURCE CAPITAL INC /DE/ (SOR)
CIK: 0000091847
Period of Report: 2007-12-31

Reporting Person: REES DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-15	Common Stock	J	134.9733	$63.3175	Acquired	8537.1474	Indirect
2007-06-15	Common Stock	J	125.1065	$69.3900	Acquired	8662.2539	Indirect
2007-09-17	Common Stock	J	136.5051	$64.5123	Acquired	8798.7590	Indirect
2007-12-17	Common Stock	J	145.5680	$61.4335	Acquired	8944.3270	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Stock	240	Indirect

Footnotes

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