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: HERR GREGORY A (officer of inv co's inv adv)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-16	Common Stock	J	0.5908	$67.7002	Acquired	40.5908	Direct
2007-06-18	Common Stock	J	0.5786	$70.1505	Acquired	41.1694	Direct
2007-09-18	Common Stock	J	0.6237	$66.0081	Acquired	41.7931	Direct
2007-12-18	Common Stock	J	0.6793	$61.5185	Acquired	42.4724	Direct

Footnotes

F1: Shares acquired through dividend reinvestment.