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<TITLE>AMENDMENT NO. 1 TO FORM S-8</TITLE>
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<BODY>

<B><FONT SIZE=3><P ALIGN="CENTER">As Filed With The Securities And Exchange Commission On May 30, 2003</P>
<P ALIGN="RIGHT">Registration No.&nbsp;333-_____</P>
<P ALIGN="CENTER">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C.  20549</P>
<P ALIGN="CENTER">______________________</P>
<P ALIGN="CENTER">AMENDMENT NO. 1<BR>
TO<BR>
FORM S-8</P>
<P ALIGN="CENTER">Registration Statement<BR>
Under<BR>
The Securities Act of 1933</P>
<P ALIGN="CENTER">______________________</P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=4><P ALIGN="CENTER">STIFEL FINANCIAL CORP.</P>
</B></FONT><FONT SIZE=1><P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P></FONT>
<TABLE ALIGN="CENTER" CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=685>
<TR><TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">Delaware<BR></B>
(State or other jurisdiction of <BR>
incorporation or organization)</P>
<P ALIGN="CENTER"></FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">43-1273600<BR></B>
(I.R.S. Employer<BR>
Identification Number)</FONT></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=1><P ALIGN="CENTER">501 North Broadway<BR>
St. Louis, Missouri<BR></B>
(Address of principal executive offices)</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER"></P>
<B><P ALIGN="CENTER">63102<BR></B>
(Zip Code)</FONT></TD>
</TR>
</TABLE>
<B><FONT SIZE=3><P ALIGN="CENTER">______________________</P>

</FONT><FONT SIZE=4><P ALIGN="CENTER">STIFEL FINANCIAL CORP. 2001 INCENTIVE PLAN</P>
<P ALIGN="CENTER"></P>
</FONT><FONT SIZE=2><P ALIGN="CENTER">THOMAS A. PRINCE, ESQ.<BR>
General Counsel<BR>
Stifel Financial Corp.<BR>
501 North Broadway<BR>
St. Louis, Missouri  63102<BR>
</B><P ALIGN="CENTER">(Name and address of agent for service)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Telephone number, including area code, of agent for service: <B>(314) 342-2000</P>
<P ALIGN="CENTER">______________________</P>
</B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Copy to:</P>
<B><P ALIGN="CENTER">ROBERT M. LAROSE, ESQ.<BR>
Thompson Coburn LLP<BR>
One Firstar Plaza<BR>
St. Louis,  Missouri  63101<BR>
(314) 552-6000</P>
</B><P ALIGN="CENTER"></P>
</FONT><FONT SIZE=1><P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</P></FONT>
<TABLE ALIGN="CENTER" BORDER CELLSPACING=2 CELLPADDING=8 WIDTH=666>
<TR><TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Title of Securities to be <BR>
Registered</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Amount to be Registered</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Proposed Maximum Offering Price Per Share<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Proposed Maximum Aggregate Offering Price<SUP>(2)</SUP></FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Amount of Registration<BR>
Fee</FONT></TD>
</TR>
<TR><TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">Common Stock, $0.15 par value <SUP>(1)</SUP></FONT></TD>
<TD WIDTH="16%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">1,300,000 shares</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">$12.42</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">$16,146,000</FONT></TD>
<TD WIDTH="22%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">$1,306.21</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=1>
<P><DIR><DIR><P ALIGN="JUSTIFY">(1)&#9;Includes one attached Preferred Share Purchase Right per share. </P>

(2)&#9;Estimated solely for purposes of computing the Registration Fee pursuant to the provisions of Section 457(h), based upon the average of the high and low sale prices of common stock, $0.15 par value, of the Registrant as reported on the New York Stock Exchange on May&nbsp;22, 2003.</P>
</DIR></DIR>

</FONT><B><FONT SIZE=3><P ALIGN="CENTER">______________________</P></B>

<P ALIGN="CENTER"><FONT SIZE=2></FONT></P>
<HR NOSHADE>

<B><P ALIGN="CENTER">STIFEL FINANCIAL CORP</P>
<P ALIGN="CENTER">2001 INCENTIVE PLAN</P>
<P ALIGN="CENTER"></P>
</B><U><P ALIGN="CENTER">EXPLANATORY NOTE</P>
</U><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;This Amendment No. 1 to Registration Statement on Form S-8 is being filed by Stifel Financial Corp. in connection with the registration of an additional 1,300,000 shares of common stock, $0.15 par value per share, and attached Preferred Share Purchase Rights, for issuance to participants under the Stifel Financial Corp. 2001 Incentive Plan.  The contents of the Registration Statement on Form S-8 (Reg. No. 333-82328) filed by Stifel Financial Corp. with the Securities and Exchange Commission on February 7, 2002, are incorporated herein by reference.  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Item 8.  <U>Exhibits</U>.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;See Exhibit Index on page 5 hereof.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>

<P ALIGN="CENTER"><FONT SIZE=2>-2-</FONT></P>
<HR NOSHADE>

<P ALIGN="CENTER">SIGNATURES</P>
</B><P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;<B>The Registrant</B>.  Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this Amendment No. 1 to Registration Statement (File No. 333-82328) to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of St. Louis, State of Missouri, on May 30, 2003.</P>
<P ALIGN="JUSTIFY"></P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P ALIGN="JUSTIFY">STIFEL FINANCIAL CORP.</P>
<P ALIGN="JUSTIFY"></P>

<P ALIGN="JUSTIFY">By  <U>&#9;/s/ Ronald J. Kruszewski&#9;</P></U>
<P ALIGN="JUSTIFY">&#9;Ronald J. Kruszewski<BR>
&#9;Chairman, President and Chief Executive Officer</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<P ALIGN="JUSTIFY">&#9;Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.</P>
<P ALIGN="JUSTIFY"></P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=638>
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="JUSTIFY">Signature</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</B></U></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER">Title</B></U></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER">Date</P>
<P ALIGN="JUSTIFY"></B></U></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">George H. Walker, III</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Chairman Emeritus</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Ronald J. Kruszewski<BR>
Principal Executive Officer</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Chairman, President and Chief Executive Officer</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD></TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">James M. Zemlyak<BR>
Principal Financial Officer and<BR>
Principal Accounting Officer</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Senior Vice President, Chief Financial Officer and</P>
<P ALIGN="CENTER">Treasurer</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;__________________________</P>
</U><P ALIGN="JUSTIFY">Robert J. Baer</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Bruce A. Beda</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Charles A. Dill</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Richard F. Ford</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Walter F. Imhoff</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">Robert E. Lefton</P>
<U><P ALIGN="JUSTIFY"></P>
</U><P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;__________________________</P>
</U><P ALIGN="JUSTIFY">Scott B. McCuaig</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="JUSTIFY">&#9;_____________*_____________&#9;</P>
</U><P ALIGN="JUSTIFY">James M. Oates</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">Director</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">May 30, 2003</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=3><P ALIGN="JUSTIFY">*By<U>&#9;/s/ Thomas A. Prince&#9;</U><BR>
      Thomas A. Prince<BR>
      Attorney-in-fact</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&#9;Thomas A. Prince, by signing his name hereto, does sign this document on behalf of the individuals named above, pursuant to a power of attorney duly executed by such individuals, previously filed as Exhibit 24.1 to the Registration Statement on Form S-8 filed on February 7, 2002. </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</P>

<P ALIGN="CENTER"><FONT SIZE=2>-4-</FONT></P>
<HR NOSHADE>

<B><U><P ALIGN="CENTER">EXHIBIT INDEX</P>
</B></U><P ALIGN="JUSTIFY"></P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=1000>
<TR><TD WIDTH="14%" VALIGN="TOP">
<B><U><FONT SIZE=3><P ALIGN="CENTER">Exhibit No.</B></U></FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="12%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">&nbsp;</B></FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.1(a)</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on June 1, 1983, incorporated herein by reference to Exhibit&nbsp;3.1 to the Company's Registration Statement on Form S-1, as amended (Registration File No. 2-84232) filed July 19, 1983.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.1(b)</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Amendment to Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on May 11, 1987, incorporated herein by reference to Exhibit 3(a)(2) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 31, 1987.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.1(c)</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Certificate of Designation, Preferences and Rights of Series A Junior Participating Preferred Stock of the Company filed with the Secretary of State of Delaware on July 10, 1987, incorporated herein by reference to Exhibit (3)(a)(3) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 31, 1987.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.1(d)</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Amendment to Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on November 28, 1989, incorporated herein by reference to Exhibit 3(a)(4) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 27, 1990.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.2</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Amended and Restated By-Laws of the Company, incorporated herein by reference to Exhibit 3(b)(1) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 30, 1993.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">4.3</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Preferred Stock Purchase Rights of the Company, incorporated herein by reference to the Company's Registration Statement on Form 8-A filed July&nbsp;30, 1996.</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">5.1</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Opinion of Thompson Coburn as to the legality of the securities being registered.*</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">5.2</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Internal Revenue Service determination letter that the Plan is qualified under Section 401 of the Internal Revenue Code.**</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">23.1</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Consent of Deloitte &amp; Touche LLP.*</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">23.2</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Consent of Thompson Coburn (included in Exhibit 5.1).</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER">24.1</FONT></TD>
<TD WIDTH="74%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="JUSTIFY">Power of Attorney (set forth on signature page hereto).**</P>
<P ALIGN="JUSTIFY"></FONT></TD>
<TD WIDTH="12%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=3><P ALIGN="JUSTIFY">&nbsp;</P>
<U><P ALIGN="JUSTIFY">&#9;&#9;</P>
</U><P ALIGN="JUSTIFY">*&#9;Filed herewith</P>
<P ALIGN="JUSTIFY">**&#9;Previously filed</P>
<P ALIGN="CENTER"><FONT SIZE=2>-5-</FONT></P>

</FONT></BODY>
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AMENDMENT NO. 1 TO FORM S-8
As Filed With The Securities And Exchange Commission On May 30, 2003
Registration No. 333-_____
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
______________________
AMENDMENT NO. 1
TO
FORM S-8
Registration Statement
Under
The Securities Act of 1933
______________________
STIFEL FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
43-1273600
(I.R.S. Employer
Identification Number)
501 North Broadway
St. Louis, Missouri
(Address of principal executive offices)
63102
(Zip Code)
______________________
STIFEL FINANCIAL CORP. 2001 INCENTIVE PLAN
THOMAS A. PRINCE, ESQ.
General Counsel
Stifel Financial Corp.
501 North Broadway
St. Louis, Missouri  63102
(Name and address of agent for service)
Telephone number, including area code, of agent for service:
(314) 342-2000
______________________
Copy to:
ROBERT M. LAROSE, ESQ.
Thompson Coburn LLP
One Firstar Plaza
St. Louis,  Missouri  63101
(314) 552-6000
CALCULATION OF REGISTRATION FEE
Title of Securities to be
Registered
Amount to be Registered
Proposed Maximum Offering Price Per Share
(2)
Proposed Maximum Aggregate Offering Price
(2)
Amount of Registration
Fee
Common Stock, $0.15 par value
(1)
1,300,000 shares
$12.42
$16,146,000
$1,306.21
(1)	Includes one attached Preferred Share Purchase Right per share.
(2)	Estimated solely for purposes of computing the Registration Fee pursuant to the provisions of Section 457(h), based upon the average of the high and low sale prices of common stock, $0.15 par value, of the Registrant as reported on the New York Stock Exchange on May 22, 2003.
______________________
STIFEL FINANCIAL CORP
2001 INCENTIVE PLAN
EXPLANATORY NOTE
This Amendment No. 1 to Registration Statement on Form S-8 is being filed by Stifel Financial Corp. in connection with the registration of an additional 1,300,000 shares of common stock, $0.15 par value per share, and attached Preferred Share Purchase Rights, for issuance to participants under the Stifel Financial Corp. 2001 Incentive Plan.  The contents of the Registration Statement on Form S-8 (Reg. No. 333-82328) filed by Stifel Financial Corp. with the Securities and Exchange Commission on February 7, 2002, are incorporated herein by reference.
Item 8.
Exhibits
.
See Exhibit Index on page 5 hereof.
-2-
SIGNATURES
The Registrant
.  Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Amendment No. 1 to Registration Statement (File No. 333-82328) to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of St. Louis, State of Missouri, on May 30, 2003.
STIFEL FINANCIAL CORP.
By
/s/ Ronald J. Kruszewski
Ronald J. Kruszewski
Chairman, President and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.
Signature
Title
Date
_____________*_____________
George H. Walker, III
Chairman Emeritus
May 30, 2003
_____________*_____________
Ronald J. Kruszewski
Principal Executive Officer
Chairman, President and Chief Executive Officer
May 30, 2003
_____________*_____________
James M. Zemlyak
Principal Financial Officer and
Principal Accounting Officer
Senior Vice President, Chief Financial Officer and
Treasurer
May 30, 2003
__________________________
Robert J. Baer
Director
May 30, 2003
_____________*_____________
Bruce A. Beda
Director
May 30, 2003
_____________*_____________
Charles A. Dill
Director
May 30, 2003
_____________*_____________
Richard F. Ford
Director
May 30, 2003
_____________*_____________
Walter F. Imhoff
Director
May 30, 2003
_____________*_____________
Robert E. Lefton
Director
May 30, 2003
__________________________
Scott B. McCuaig
Director
May 30, 2003
_____________*_____________
James M. Oates
Director
May 30, 2003
*By
/s/ Thomas A. Prince
Thomas A. Prince
Attorney-in-fact
Thomas A. Prince, by signing his name hereto, does sign this document on behalf of the individuals named above, pursuant to a power of attorney duly executed by such individuals, previously filed as Exhibit 24.1 to the Registration Statement on Form S-8 filed on February 7, 2002.
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EXHIBIT INDEX
Exhibit No.
4.1(a)
Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on June 1, 1983, incorporated herein by reference to Exhibit 3.1 to the Company's Registration Statement on Form S-1, as amended (Registration File No. 2-84232) filed July 19, 1983.
4.1(b)
Amendment to Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on May 11, 1987, incorporated herein by reference to Exhibit 3(a)(2) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 31, 1987.
4.1(c)
Certificate of Designation, Preferences and Rights of Series A Junior Participating Preferred Stock of the Company filed with the Secretary of State of Delaware on July 10, 1987, incorporated herein by reference to Exhibit (3)(a)(3) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 31, 1987.
4.1(d)
Amendment to Restated Certificate of Incorporation of the Company filed with the Secretary of State of Delaware on November 28, 1989, incorporated herein by reference to Exhibit 3(a)(4) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 27, 1990.
4.2
Amended and Restated By-Laws of the Company, incorporated herein by reference to Exhibit 3(b)(1) to the Company's Annual Report on Form 10-K (File No. 1-9305) for the fiscal year ended July 30, 1993.
4.3
Preferred Stock Purchase Rights of the Company, incorporated herein by reference to the Company's Registration Statement on Form 8-A filed July 30, 1996.
5.1
Opinion of Thompson Coburn as to the legality of the securities being registered.*
5.2
Internal Revenue Service determination letter that the Plan is qualified under Section 401 of the Internal Revenue Code.**
23.1
Consent of Deloitte & Touche LLP.*
23.2
Consent of Thompson Coburn (included in Exhibit 5.1).
24.1
Power of Attorney (set forth on signature page hereto).**
*	Filed herewith
**	Previously filed
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