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):
                                 July 12, 2000



                     KANSAS CITY SOUTHERN INDUSTRIES, INC.
            (Exact Name of Registrant as Specified in its Charter)



          DELAWARE                   1-4717                44-0663509
 (State of Incorporation)   (Commission File Number)    (I.R.S. Employer
                                                       Identification Number)


              114 WEST 11TH STREET, KANSAS CITY, MISSOURI 64105
                  (Address of Principal Executive Offices)


                               (816) 983-1303
            (Registrant's telephone number, including area code)


                               NOT APPLICABLE
        (Former Name or Former Address, if Changed Since Last Report)



<PAGE>2

Item 2.  Acquisition or Disposition of Assets.

On  June  14,  2000,   the  Board  of  Directors  of  Kansas  City   Southern
Industries,  Inc.  ("KCSI")  declared  a dividend  payable to the  holders of
KCSI  common  stock,  par  value  $0.01  per  share  ("KCSI  Common  Stock"),
distributing   on  a  pro-rata   basis  (the   "Distribution")   all  of  the
outstanding  shares of common  stock of Stilwell  Financial  Inc., a Delaware
corporation  ("Stilwell"),  and a wholly-owned  subsidiary of KCSI.  Stilwell
holds the financial  services  businesses of KCSI,  including,  among others,
an approximate 81.5% ownership in Janus Capital  Corporation,  an approximate
86%  ownership in Berger LLC, an 80%  ownership in Nelson Money  Managers plc
and an  approximate  32%  investment  in DST  Systems,  Inc.  Each  holder of
record  of  KCSI  Common  Stock  received  two  shares  of  common  stock  of
Stilwell,  par value $0.01 per share  ("Stilwell  Common  Stock"),  for every
one share of KCSI Common Stock held on June 28, 2000 (the "Record Date").

KCSI  effected the  Distribution  on July 12, 2000 by  delivering  all of the
outstanding  shares of Stilwell  Common Stock to the  distribution  agent for
distribution  to the  stockholders  of  record  of KCSI  Common  Stock on the
Record  Date.   The  total   number  of  shares  of  Stilwell   Common  Stock
distributed  was  222,999,786  based upon the number of shares of KCSI Common
Stock  outstanding  on the Record Date.  Stilwell  Common Stock  certificates
were mailed on or about July 12, 2000.

No consideration  was paid by KCSI's  stockholders for the shares of Stilwell
Common Stock received in the  Distribution,  nor were  stockholders  required
to  surrender  or  exchange  shares of KCSI  Common  Stock nor take any other
action in order to receive shares of Stilwell Common Stock.

In connection with the  Distribution  and the Reverse Stock Split (as defined
below),  KCSI has adjusted its  financial  statements,  on a pro forma basis,
to  reflect  the   departure   of  the   Stilwell   businesses   from  KCSI's
consolidation.  The pro forma  financial  statements  are included  with this
Current Report as exhibit 99.1.

Item 5.  Other Events.

On July 12,  2000,  KCSI's  Certificate  of  Incorporation  was amended  (the
"Amendment"),  to effect a one for two  reverse  stock  split  (the  "Reverse
Stock  Split")  of  KCSI  Common   Stock.   The  Amendment  was  approved  by
stockholders  at a special  meeting on  July 15,  1998.  The proxy  statement
explaining  the Reverse  Stock Split was mailed to  stockholders  on or about
June 9, 1998.



<PAGE>3
Item 7.  Financial Statements and Exhibits.

(b)  Pro Forma Financial Information.

The pro forma KCSI consolidated  financial  statements are attached hereto as
      Exhibit 99.1

(c)   Exhibits.

99.1 - Pro Forma KCSI Consolidated Financial Statements



                                   SIGNATURE

      Pursuant to the  requirements  of the Securities  Exchange act of 1934,
KCSI  has  duly  caused  this  report  to be  signed  on  its  behalf  by the
undersigned hereunto duly authorized.

                              Kansas City Southern Industries, Inc.


Date: July 14, 2000            By:    /s/ Louis G. Van Horn
                                        Louis G. Van Horn
                                 Vice President & Comptroller
                                (Principal Accounting Officer)



<PAGE>4

                                 EXHIBIT INDEX



99.1        Pro Forma KCSI Consolidated Financial Statements
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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):
                                 July 12, 2000

                     KANSAS CITY SOUTHERN INDUSTRIES, INC.
            (Exact Name of Registrant as Specified in its Charter)

          DELAWARE                   1-4717                44-0663509
 (State of Incorporation)   (Commission File Number)    (I.R.S. Employer
                                                       Identification Number)

              114 WEST 11TH STREET, KANSAS CITY, MISSOURI 64105
                  (Address of Principal Executive Offices)

                               (816) 983-1303
            (Registrant's telephone number, including area code)

                               NOT APPLICABLE
        (Former Name or Former Address, if Changed Since Last Report)
2

Item 2.  Acquisition or Disposition of Assets.

On  June  14,  2000,   the  Board  of  Directors  of  Kansas  City   Southern
Industries,  Inc.  ("KCSI")  declared  a dividend  payable to the  holders of
KCSI  common  stock,  par  value  $0.01  per  share  ("KCSI  Common  Stock"),
distributing   on  a  pro-rata   basis  (the   "Distribution")   all  of  the
outstanding  shares of common  stock of Stilwell  Financial  Inc., a Delaware
corporation  ("Stilwell"),  and a wholly-owned  subsidiary of KCSI.  Stilwell
holds the financial  services  businesses of KCSI,  including,  among others,
an approximate 81.5% ownership in Janus Capital  Corporation,  an approximate
86%  ownership in Berger LLC, an 80%  ownership in Nelson Money  Managers plc
and an  approximate  32%  investment  in DST  Systems,  Inc.  Each  holder of
record  of  KCSI  Common  Stock  received  two  shares  of  common  stock  of
Stilwell,  par value $0.01 per share  ("Stilwell  Common  Stock"),  for every
one share of KCSI Common Stock held on June 28, 2000 (the "Record Date").

KCSI  effected the  Distribution  on July 12, 2000 by  delivering  all of the
outstanding  shares of Stilwell  Common Stock to the  distribution  agent for
distribution  to the  stockholders  of  record  of KCSI  Common  Stock on the
Record  Date.   The  total   number  of  shares  of  Stilwell   Common  Stock
distributed  was  222,999,786  based upon the number of shares of KCSI Common
Stock  outstanding  on the Record Date.  Stilwell  Common Stock  certificates
were mailed on or about July 12, 2000.

No consideration  was paid by KCSI's  stockholders for the shares of Stilwell
Common Stock received in the  Distribution,  nor were  stockholders  required
to  surrender  or  exchange  shares of KCSI  Common  Stock nor take any other
action in order to receive shares of Stilwell Common Stock.

In connection with the  Distribution  and the Reverse Stock Split (as defined
below),  KCSI has adjusted its  financial  statements,  on a pro forma basis,
to  reflect  the   departure   of  the   Stilwell   businesses   from  KCSI's
consolidation.  The pro forma  financial  statements  are included  with this
Current Report as exhibit 99.1.

Item 5.  Other Events.

On July 12,  2000,  KCSI's  Certificate  of  Incorporation  was amended  (the
"Amendment"),  to effect a one for two  reverse  stock  split  (the  "Reverse
Stock  Split")  of  KCSI  Common   Stock.   The  Amendment  was  approved  by
stockholders  at a special  meeting on  July 15,  1998.  The proxy  statement
explaining  the Reverse  Stock Split was mailed to  stockholders  on or about
June 9, 1998.
3
Item 7.  Financial Statements and Exhibits.

(b)  Pro Forma Financial Information.

The pro forma KCSI consolidated  financial  statements are attached hereto as
      Exhibit 99.1

(c)   Exhibits.

99.1 - Pro Forma KCSI Consolidated Financial Statements

                                   SIGNATURE

      Pursuant to the  requirements  of the Securities  Exchange act of 1934,
KCSI  has  duly  caused  this  report  to be  signed  on  its  behalf  by the
undersigned hereunto duly authorized.

                              Kansas City Southern Industries, Inc.

Date: July 14, 2000            By:    /s/ Louis G. Van Horn
                                        Louis G. Van Horn
                                 Vice President & Comptroller
                                (Principal Accounting Officer)
4

                                 EXHIBIT INDEX

99.1        Pro Forma KCSI Consolidated Financial Statements