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: SCHLOEMER PAUL G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-15	Common Stock	J	26.2709	$63.3175	Acquired	1485.6889	Indirect
2007-06-15	Common Stock	J	24.3504	$69.3900	Acquired	1510.0393	Indirect
2007-09-17	Common Stock	J	26.5690	$64.5123	Acquired	1536.6083	Indirect
2007-12-17	Common Stock	J	28.3331	$61.4335	Acquired	1564.9414	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Preferred Stock	340	Indirect

Footnotes

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