SOURCE CAPITAL INC /DE/
NSAR-A, 1996-09-03
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000 A000000 06/30/96
000 C000000 0000091847
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001 A000000 SOURCE CAPITAL, INC
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002 A000000 11400 WEST OLYMPIC BOULEVARD, SUITE 1200
002 B000000 LOS ANGELES
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008 B000001 A
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012 A000001 CHASE MELLON SHAREHOLDER SERVICES L.L.C.
012 B000001 85-0005005
012 C010001 RIDGEFIELD PARK
012 C020001 NJ
012 C030001 07660
013 A000001 ERNST & YOUNG LLP
013 B010001 LOS ANGELES
013 B020001 CA
013 B030001 90071
015 A000001 STATE STREET BANK AND TRUST COMPANY
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020 A000001 FRANK RUSSELL SECURITIES, INCORPORATED
020 B000001 91-0604934
020 C000001     21
020 A000002 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000002 13-2741729
020 C000002     13
020 A000003 JEFFRIES AND COMPANY INC.
020 B000003 95-2622900
020 C000003     12
020 A000004 ROBERT BRANDT & COMPANY
020 B000004 95-2650507
020 C000004      8
020 A000005 MESIROW FINANCIAL, INC.
020 B000005 36-3194849
020 C000005      8
020 A000006 SANFORD C. BERSTEIN & COMPANY, INC.
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020 A000007 MONTGOMERY SECURITIES
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020 C000007      7
020 A000008 LIPPER ANALYTICAL SECURITIES CORPORATION
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020 A000009 INSTINET CORP.
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020 A000010 WILLIAM BLAIR & COMPANY
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022 A000001 STATE STREET BANK & TRUST COMPANY, N.A.
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022 C000002    116806
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022 A000003 MERRILL LYNCH, PIERCE, FENNER AND SMITH, INC.
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022 A000004 JEFFERIES & COMPANY INC.
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022 B000004 95-2622900
022 C000004      5883
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022 A000005 RAGEN MACKENZIE INC.
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022 C000007      3208
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022 A000008 ROBINSON HUMPHREY COMPANY, INC.
022 B000008 58-1472560
022 C000008      1974
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022 A000009 CLEARY, GULL, REILAND, & MC DEVITT INC.
022 B000009 39-1567700
022 C000009      1876
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022 A000010 NATWEST SECURITIES CORP.
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SIGNATURE   CHRIS THOMAS                                 
TITLE       ASST TREASURER      
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000091847
<NAME> SOURCE CAPITAL, INC
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
<S>                             <C>
<PERIOD-TYPE>                    6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                        319134441
<INVESTMENTS-AT-VALUE>                       372144439
<RECEIVABLES>                                  5620589
<ASSETS-OTHER>                                     191
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               377765219
<PAYABLE-FOR-SECURITIES>                       1109057
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       489558
<TOTAL-LIABILITIES>                            1598615
<SENIOR-EQUITY>                                5907636
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<SHARES-COMMON-STOCK>                          7232110
<SHARES-COMMON-PRIOR>                          7232110
<ACCUMULATED-NII-CURRENT>                            0                  
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</TABLE>


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