Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sarwal Arun
 2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2012		 3. Issuer Name and Ticker or Trading Symbol
DST SYSTEMS INC [DST]
(Last)
(First)
(Middle)
333 WEST 11TH STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Executive of Subsidiary
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

KANSAS CITY, MO 64105		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 786
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (1) 12/01/2012 12/01/2021 Common Stock 3,950 $ 47.51 D  
Restricted Stock Unit (2) 03/08/2013 02/24/2021 Common Stock 779 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sarwal Arun
333 WEST 11TH STREET
KANSAS CITY, MO 64105		       Executive of Subsidiary

Signatures

Randall D. Young for Arun Sarwal by power of attorney 10/09/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The option vests in three equal installments beginning on December 1, 2012.
(2) This is the number of time-based RSUs granted by the Committee. The RSUs will vest in increments of 20%, 30% and 50% respecitvely, on the first, second and thrid anniversaries of the grant, generally subject to forfeiture for termination of employment and to accelerated vesting for certain special events as providedin the award agreement.
 
Remarks:
Arun Sarwal POA

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