Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
ERDMAN WARREN K
   2. Issuer Name and Ticker or Trading Symbol
KANSAS CITY SOUTHERN [KSU] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last)
(First)
(Middle)
KANSAS CITY SOUTHERN, PO BOX 219335		 3. Date of Earliest Transaction (Month/Day/Year)
08/05/2008
(Street)

KANSAS CITY, MO 64121-9335		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 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 Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/05/2008   M   3,087 A $ 2.6604 65,169 (2) D  
Common Stock 08/05/2008   M   72 A $ 2.7665 65,241 (2) D  
Common Stock 08/05/2008   M   71 A $ 5.1637 65,312 (2) D  
Common Stock 08/05/2008   M   66,734 A $ 5.75 132,046 (2) D  
Common Stock 08/05/2008   S   69,964 D $ 51.94 (1) 62,082 (2) D  
Common Stock               934.026 I Held by ESOP (3)

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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 Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (Right to Buy) (4) $ 2.6604 08/05/2008   M(4)     3,000 01/01/2000 11/16/2008 Common Stock 3,000 $ 0 0 D  
LSAR (5) $ 2.6604 08/05/2008   J(4)     3,000   (5)   (5) Common Stock 3,000 $ 0 0 D  
Option (Right to Buy) (5) $ 2.6604 08/05/2008   M(4)     87   (6) 11/16/2008 Common Stock 87 $ 0 0 D  
LSAR (5) $ 2.6604 08/05/2008   J(4)     87   (5)   (5) Common Stock 87 $ 0 0 D  
Option (Right to Buy) (5) $ 2.7665 08/05/2008   M(4)     72   (6) 01/25/2009 Common Stock 72 $ 0 0 D  
LSAR (5) $ 2.7665 08/05/2008   J(4)     72   (5)   (5) Common Stock 72 $ 0 0 D  
Option (Right to Buy) (5) $ 5.1637 08/05/2008   M(4)     71   (7) 02/28/2010 Common Stock 71 $ 0 0 D  
LSAR (5) $ 5.1637 08/05/2008   J(4)     71   (5)   (5) Common Stock 71 $ 0 0 D  
Option (Right to Buy) (5) $ 5.75 08/05/2008   M(4)     15,400 07/13/2003 07/12/2010 Common Stock 15,400 $ 0 0 D  
LSAR (5) $ 5.75 08/05/2008   J(4)     15,400   (5)   (5) Common Stock 15,400 $ 0 0 D  
Option (Right to Buy) (5) $ 5.75 08/05/2008   M(4)     51,334 07/13/2001 07/12/2010 Common Stock 77,000 $ 0 25,666 D  
LSAR (5) $ 5.75 08/05/2008   J(4)     51,334   (5)   (5) Common Stock 77,000 $ 0 25,666 D  
Option (Right to Buy) (5) $ 14.34               (8) 02/26/2011 Common Stock 480   480 D  
LSAR (5) $ 14.34               (5)   (5) Common Stock 480   480 D  
Option (Right to Buy) (5) $ 13.42             02/06/2002 02/05/2012 Common Stock 513   513 D  
LSAR (5) $ 13.42               (5)   (5) Common Stock 513   513 D  
Option (Right to Buy) (5) $ 12.55             01/16/2003 01/15/2013 Common Stock 670   670 D  
LSAR (5) $ 12.55               (5)   (5) Common Stock 670   670 D  
Option (Right to Buy) (5) $ 12.55             01/16/2008 01/15/2013 Common Stock 15,000   15,000 D  
LSAR (5) $ 12.55               (5)   (5) Common Stock 15,000   15,000 D  
Option (Right to Buy) (5) $ 14.6             01/02/2005 01/01/2014 Common Stock 6,000   6,000 D  
LSAR (5) $ 14.6               (5)   (5) Common Stock 6,000   6,000 D  
Option (Right to Buy) (5) $ 14.53             02/09/2004 02/08/2014 Common Stock 699   699 D  
LSAR (5) $ 14.53               (5)   (5) Common Stock 699   699 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ERDMAN WARREN K
KANSAS CITY SOUTHERN
PO BOX 219335
KANSAS CITY, MO 64121-9335		       Executive Vice President  

Signatures

 Brian P. Banks, Attorney-in-fact   08/07/2008
**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) The price in Column 4 is a weighted average price. The prices actually ranged from $51.73 to $52.13. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
(2) Includes 7,012 performance shares that were earned on February 28, 2008 when the KCS Compensation and Organization Committee determined that the 2007 performance goals were met. These performance shares will not vest until January 17, 2010 contingent upon continued employment by the reporting person through that date. With respect to these shares, the reporting person does not have the right to vote, receive, or be entitled to receive, cash or non-cash dividends or any other beneficial rights as a shareholder of the Company.
(3) A total of 934.026 shares are held in the reporting person's account under the KCS Employee Stock Ownership Plan.
(4) Options exercised in Rule 16b-3 exempt transaction. LSARs canceled with respect to such shares.
(5) Limited Rights and Limited Stock Appreciation Rights ("LSARs") are granted in tandem with stock options. Limited Rights and LSARs become exercisable only following a change-in-control of the Company in lieu of related options and are exercisable only for cash. Limited Rights and LSARs terminate when the related options are exercised or terminated.
(6) These options became exercisable in installments: 25% on 06/23/99, 25% on 06/23/00 and 50% on 06/23/01.
(7) These options became exercisable in installments: 25% on 03/01/00, 25% on 06/23/00 and 50% on 06/23/01.
(8) 240 options became exercisable on 02/27/01 and 240 options became exercisable on 06/23/01.

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