EXHIBIT 99.1
STILWELL FINANCIAL INC.
920 MAIN STREET, 21ST Floor
KANSAS CITY, MISSOURI USA 64105-2008
(816) 218-2400
FAX (816) 218-2453
JUNE 29, 2000
Dear Stilwell ESOP Participant:
With respect to the Information Statement regarding Stilwell Financial
Inc. ("Stilwell") sent to you as a KCSI stockholder under separate cover, one
factual change has occurred since the June 15 date of the Information Statement.
Because of an amendment to the ESOP plan document, ESOP participants will not
have an election to retain KCSI common stock in their respective ESOP accounts.
Instead, the ESOP plan document has been amended, effective June 19, 2000, to
provide that all of the KCSI shares allocated to ESOP participants' accounts be
sold and the sales proceeds reinvested in Stilwell shares. Stilwell has hired US
Trust Company, n.a. to act as an independent fiduciary for the Plan with respect
to the decision as to when to sell the KCSI shares and reinvest the sales
proceeds in shares of Stilwell.
Sincerely,
The Stilwell ESOP Advisory Committee
