SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                 Date of Report (Date of earliest event reported):
                                   June 29, 2001


                       KANSAS CITY SOUTHERN INDUSTRIES, INC.
                       -------------------------------------
                (Exact name of company as specified in its charter)


       DELAWARE                  1-4717                   44-0663509
---------------------         -------------           -------------------
(State or other jurisdiction  (Commission file           (IRS Employer
   of incorporation)             number)              Identification Number)


                 114 West 11th Street, Kansas City, Missouri 64105
                 -------------------------------------------------
                (Address of principal executive offices) (Zip Code)


                 Company's telephone number, including area code:

                                (816) 983 - 1303

                                 Not Applicable

           (Former name or former address if changed since last report)









<PAGE>





Item 5.     Other Events

On June 29, 2001, Kansas City Southern Industries, Inc. ("the Company") issued a
press release clarifying its position concerning a previously announced offering
of its  common  stock.  The  Company  announced  that it had not ruled out going
forward with the offering  should the Company  determine that market  conditions
are  appropriate.  Additionally,  the Company  stated that it does not expect to
make a mandatory convertible unit offering in the foreseeable future.

Item 7.     Financial Statements and Exhibits

(c)         Exhibits

            Exhibit No.                         Document

            (99)                                Additional Exhibits

            99.1                                Press  Release  dated  June  29,
                                                2001   entitled   "Kansas   City
                                                Southern  Clarifies Its Position
                                                Concerning  Stock  Offering," is
                                                attached hereto as Exhibit 99.1.

 .














SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  Report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.

                                           Kansas City Southern Industries, Inc.


Date: July 3, 2001                          By: /s/  Louis G. Van Horn
                                               ----------------------------
                                                    Louis G. Van Horn
                                             Vice President and Controller
                                                (Principal Accounting Officer)


<PAGE>


EXHIBIT 99.1

Kansas City Southern            Media Contact:    William Galligan 816/983-1551
Industries, Inc.                e-mail:           william.h.galligan@kcsr.com
114 West 11th Street
Kansas City, MO  64105

                               Date: June 29, 2001

NYSE Symbol: KSU

       Kansas City Southern Clarifies Its Position Concerning Stock Offering

In response to numerous  inquiries,  Kansas City Southern  Industries  announced
today  that it has not ruled  out  going  forward  with a  previously  announced
offering of its common stock should the Company determine that market conditions
are appropriate. The spokesman for the Company, William H. Galligan, stated that
"Kansas City  Southern is  considering a number of  alternatives,  including the
stock  offering,  keeping in mind the best interests of our  shareholders."  Mr.
Galligan  added,  "the Company  does not expect to make a mandatory  convertible
unit offering in the foreseeable future."

The common stock offering,  if any, will be made only pursuant to a registration
statement filed under the Securities Act of 1933, as amended. This press release
shall not  constitute an offer to sell or the  solicitation  of any offer to buy
any  securities.   This  press  release  includes   forward-looking   statements
concerning potential future events involving the Company, which could materially
differ  from the events that  actually  occur.  The  Company  will not update or
revise any forward-looking statements in this press release.
[{"type": "8-K", "sequence": "1", "filename": "kcsclarifiesposition.txt", "description": "KCS CLARIFIES POSITION", "secsgml_size_bytes": 4677}]
{"company-data": {"conformed-name": "KANSAS CITY SOUTHERN INDUSTRIES INC", "cik": "0000054480", "assigned-sic": "4011", "irs-number": "440663509", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04717", "film-number": "1674723"}, "business-address": {"street1": "114 W 11TH ST", "city": "KANSAS CITY", "state": "MO", "zip": "64105", "phone": "8169831303"}, "mail-address": {"street1": "114 WEST 11TH STREET", "city": "KANSAS CITY", "state": "MO", "zip": "64105"}}
SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                 Date of Report (Date of earliest event reported):
                                   June 29, 2001

                       KANSAS CITY SOUTHERN INDUSTRIES, INC.
                       -------------------------------------
                (Exact name of company as specified in its charter)

       DELAWARE                  1-4717                   44-0663509
---------------------         -------------           -------------------
(State or other jurisdiction  (Commission file           (IRS Employer
   of incorporation)             number)              Identification Number)

                 114 West 11th Street, Kansas City, Missouri 64105
                 -------------------------------------------------
                (Address of principal executive offices) (Zip Code)

                 Company's telephone number, including area code:

                                (816) 983 - 1303

                                 Not Applicable

           (Former name or former address if changed since last report)
Item 5.     Other Events

On June 29, 2001, Kansas City Southern Industries, Inc. ("the Company") issued a
press release clarifying its position concerning a previously announced offering
of its  common  stock.  The  Company  announced  that it had not ruled out going
forward with the offering  should the Company  determine that market  conditions
are  appropriate.  Additionally,  the Company  stated that it does not expect to
make a mandatory convertible unit offering in the foreseeable future.

Item 7.     Financial Statements and Exhibits

(c)         Exhibits

            Exhibit No.                         Document

            (99)                                Additional Exhibits

            99.1                                Press  Release  dated  June  29,
                                                2001   entitled   "Kansas   City
                                                Southern  Clarifies Its Position
                                                Concerning  Stock  Offering," is
                                                attached hereto as Exhibit 99.1.

 .

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly  caused  this  Report  to be signed  on its  behalf by the  undersigned
hereunto duly authorized.

                                           Kansas City Southern Industries, Inc.

Date: July 3, 2001                          By: /s/  Louis G. Van Horn
                                               ----------------------------
                                                    Louis G. Van Horn
                                             Vice President and Controller
                                                (Principal Accounting Officer)
EXHIBIT 99.1

Kansas City Southern            Media Contact:    William Galligan 816/983-1551
Industries, Inc.                e-mail:           william.h.galligan@kcsr.com
114 West 11th Street
Kansas City, MO  64105

                               Date: June 29, 2001

NYSE Symbol: KSU

       Kansas City Southern Clarifies Its Position Concerning Stock Offering

In response to numerous  inquiries,  Kansas City Southern  Industries  announced
today  that it has not ruled  out  going  forward  with a  previously  announced
offering of its common stock should the Company determine that market conditions
are appropriate. The spokesman for the Company, William H. Galligan, stated that
"Kansas City  Southern is  considering a number of  alternatives,  including the
stock  offering,  keeping in mind the best interests of our  shareholders."  Mr.
Galligan  added,  "the Company  does not expect to make a mandatory  convertible
unit offering in the foreseeable future."

The common stock offering,  if any, will be made only pursuant to a registration
statement filed under the Securities Act of 1933, as amended. This press release
shall not  constitute an offer to sell or the  solicitation  of any offer to buy
any  securities.   This  press  release  includes   forward-looking   statements
concerning potential future events involving the Company, which could materially
differ  from the events that  actually  occur.  The  Company  will not update or
revise any forward-looking statements in this press release.