STILWELL FINANCIAL REPORTS ASSETS UNDER MANAGEMENT; ANNOUNCES SECOND QUARTER EARNINGS PRESENTATION

Company Release - 7/1/2002 7:01 AM ET
( BW)(MO-STILWELL-FINANCIAL)(SV) Stilwell Financial Reports Assets
Under Management; Announces Second Quarter Earnings Presentation

  Business Editors

  KANSAS CITY, Mo.--(BUSINESS WIRE)--July 1, 2002--As of the close
of the market on June 28, 2002, Stilwell Financial Inc. (NYSE:SV)
reported assets under management of approximately $161 billion.
  Preliminary average assets under management totaled $177 billion
for the second quarter and approximately $183 billion for the six
months ended June 30. The month-to-month change in Stilwell's assets
under management is reflective of market conditions.
  Stilwell will release its second quarter earnings the morning of
Thursday, July 25 and will discuss those results that afternoon at 1
p.m. EDT at Citibank, 153 East 53rd Street, 14th Floor, Room N, New
York, NY. The discussion will be broadcast live on Stilwell's Web site
at www.stilwellfinancial.com and for one week following, or interested
parties can listen by telephoning 888/664-0344. The presentation
slides will also be available on Stilwell's Web site beginning
July 25.

  About Stilwell Financial Inc.

  Stilwell Financial Inc. is a diversified, global financial
services company with subsidiaries and affiliates operating in North
America, Europe and Asia. Stilwell owns approximately 92 percent of
Janus Capital Management LLC, 90 percent of Berger Financial Group
LLC, 81 percent of Nelson Money Managers Plc and 33 percent of DST
Systems, Inc. (NYSE: DST).

  This press release includes statements concerning potential future
events involving Stilwell Financial Inc. that could differ materially
from the events that actually occur. The differences could be caused
by a number of factors including those factors identified in
Stilwell's Annual Report on Form 10-K for the year ended December 31,
2001 on file with the Securities and Exchange Commission (Commission
file no. 001-15253). Stilwell will not update any forward-looking
statements made in this press release to reflect future events or
developments.

  --30--MRO/se*

  CONTACT:  Stilwell Financial Inc.
  Media Contact:
  Peggy Landon, 816/218-2455
  or
  Investor Contact:
  Daniel P. Connealy, 816/218-2412)

  KEYWORD:  MISSOURINEW YORK
  INDUSTRY KEYWORD: BANKING CONFERENCE CALLS EARNINGS
  SOURCE:  Stilwell Financial Inc.

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