Sec Form 4 Filing - STEVENSON LARRY O @ KANSAS CITY SOUTHERN - 2004-02-11

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person STEVENSON LARRY O 2. Issuer Name and Ticker or Trading Symbol KANSAS CITY SOUTHERN [ KSU] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Sr. Vice President of Sub. (Last) (First) (Middle) KANSAS CITY SOUTHERN, PO BOX 219335 3. Date of Earliest Transaction (MM/DD/YY) 02/11/2004 (Street) KANSAS CITY, MO64121-9335 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 02/11/2004 M 6,000 A $ 5.75 11,557 D Common Stock 02/11/2004 S 600 D $ 14.99 10,957 D Common Stock 02/11/2004 S 1,400 D $ 14.98 9,557 D Common Stock 02/11/2004 S 1,500 D $ 14.97 8,057 D Common Stock 02/11/2004 S 200 D $ 14.93 7,857 D Common Stock 02/11/2004 S 2,300 D $ 14.9 5,557 D Common Stock 244 I Held by ESOP ( 1 ) Common Stock 322 I Held by 401(k) & P/S Plan ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (Right to Buy) ( 3 ) $ 5.75 02/11/2004 M( 8 ) 5,000 07/13/2003 07/12/2010 Common Stock 5,000 $ 0 0 D LSAR ( 3 ) $ 5.75 02/11/2004 J( 8 ) 5,000 ( 3 ) ( 3 ) Common Stock 5,000 $ 0 0 D Option (Right to Buy) ( 3 ) $ 5.75 02/11/2004 M( 8 ) 1,000 07/13/2001 07/12/2010 Common Stock 1,000 $ 0 0 D LSAR ( 3 ) $ 5.75 02/11/2004 J( 8 ) 1,000 ( 3 ) ( 3 ) Common Stock 1,000 $ 0 0 D Option (Right to Buy) ( 3 ) $ 8.345 09/11/2001 09/10/2010 Common Stock 60,000 60,000 D LSAR ( 3 ) $ 8.345 ( 3 ) ( 3 ) Common Stock 60,000 60,000 D Option (Right to Buy) ( 3 ) $ 14.34 ( 4 ) 02/26/2011 Common Stock 164 164 D LSAR ( 3 ) $ 14.34 ( 3 ) ( 3 ) Common Stock 164 164 D Option (Right to Buy) ( 3 ) $ 13.42 ( 5 ) 02/05/2012 Common Stock 175 175 D LSAR ( 3 ) $ 13.42 ( 3 ) ( 3 ) Common Stock 175 175 D Option (Right to Buy) ( 3 ) $ 12.55 ( 6 ) 01/15/2013 Common Stock 323 323 D LSAR ( 3 ) $ 12.55 ( 3 ) ( 3 ) Common Stock 323 323 D Option (Right to Buy) ( 3 ) $ 12.55 01/16/2008 01/15/2013 Common Stock 30,000 30,000 D LSAR ( 3 ) $ 12.55 ( 3 ) ( 3 ) Common Stock 30,000 30,000 D Option (Right to Buy) ( 3 ) $ 14.6 01/02/2005 01/01/2014 Common Stock 15,000 15,000 D LSAR ( 3 ) $ 14.6 ( 3 ) ( 3 ) Common Stock 15,000 15,000 D Option (Right to Buy) ( 3 ) $ 14.53 ( 7 ) 02/08/2014 Common Stock 1,239 1,239 D LSAR ( 3 ) $ 14.53 ( 3 ) ( 3 ) Common Stock 1,239 1,239 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other STEVENSON LARRY O KANSAS CITY SOUTHERN PO BOX 219335 KANSAS CITY, MO64121-9335 Sr. Vice President of Sub. Signatures Jay M. Nadlman, Attorney-in-fact 02/12/2004 Signature of Reporting Person Date

Explanation of Responses:

( 1 )244 shares have accumulated to my account under the Company's employee stock ownership plan. ( 2 )322 shares have accumulated to my account under the Company's 401(k) and Profit Sharing Plan. ( 3 )Limited Stock Appreciation Rights ("LSARs") are granted in tandem with stock options. LSARs become exercisable only following a change-in-control of the Company in lieu of related stock options and are exercisable only for cash. LSARs terminate when the related options are exercised or terminated. ( 4 )These options are exercisable in installments: 41 shares on June 23, 2002, 41 shares on June 23, 2003 and 82 shares on June 23, 2004. ( 5 )These options are exercisable in installments: 35 shares on February 6, 2002, 35 shares on June 23, 2002, 35 shares on June 23, 2003 and 70 shares on June 23, 2004. ( 6 )These options are exercisable in installments: 130 shares on January 16, 2003, 65 shares on June 23, 2003 and 128 shares on June 23, 2004. ( 7 )These options are exercisable in installment s: 743 on February 9, 2004 and 496 on June 23, 2004. ( 8 )Options exercised in Rule 16b-3 exempt transaction. LSARs cancelled with respect to such shares.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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