FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN 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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1. Name and Address of Reporting Person * ARGYROS GEORGE L 2. Issuer Name and Ticker or Trading Symbol DST SYSTEMS INC [DST] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ARNEL DEVELOPMENT COMPANY, 949 SOUTH COAST DRIVE, SUITE 600 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2005 (Street) COSTA MESA, CA 92626 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (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 Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock 12/28/2004   J(2) 20,275 D $ (2) 0 I By Argyros Family Partners Common Stock 02/03/2005   S4 100 D $ 48.59 0 I By wife Common Stock 12/23/2005   G 135,500 D $ (4) 4,125,500 (1) I By HBI Financial Inc. Common Stock             4,679,150 D   Common Stock             1,686 I By GLA Corporation Common Stock             900 (3) I By the Leon & Olga Argyros 1986 Trust Common Stock             32,710 (3) I By the Argyros Children's Trust II fbo immediate family member Common Stock             28,125 (3) I By the Argyros Children's Trust II fbo immediate family member Common Stock             32,925 (3) I By the Argyros Children's Trust II fbo immediate family member Common Stock             215 (3) I By the George T. Poulos Trust

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ARGYROS GEORGE L C/O ARNEL DEVELOPMENT COMPANY 949 SOUTH COAST DRIVE, SUITE 600 COSTA MESA, CA 92626	  X	  X	Â	Â

Signatures

/s/ Michael A. Hedge, Attorney-in-Fact for Reporting Person		02/01/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(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)	Includes 357,996 shares which were transferred to HBI Financial, Inc. by its wholly-owned subsidiary, SVI, Ltd.
(2)	Represents shares held by Argyros Family Partners, a limited partnership whose general partner was an entity under the control of the filing person. The filing person disclaimed beneficial ownership of such shares. As a result of the dissolution of the limited partnership, 20,274 shares of DST Systems, Inc. held by the limited partnership were distributed equally to the limited partners in accordance with the partnership agreement with the remaining 1 share being sold in an open market transaction.
(3)	The reporting person disclaims beneficial ownership of these securities.
(4)	Gift.

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