Exhibit 99.1


             KANSAS CITY SOUTHERN CORPORATION ANNOUNCES OFFERING OF
        $210 MILLION OF CUMULATIVE CONVERTIBLE PERPETUAL PREFERRED STOCK

KANSAS  CITY,  MO,  DECEMBER 5, 2005 - Kansas  City  Southern  (NYSE:KSU)  today
announced  that it has  commenced  a public  offering  of $210  million of a new
series  of  its  cumulative   convertible   perpetual  preferred  stock  with  a
liquidation  preference of $1,000 per share. Kansas City Southern intends to use
substantially  all the net  proceeds  from the  offering  to  purchase 9 million
shares of its common  stock  formerly  owned by Grupo  TMM,  S.A.,  its  largest
shareholder,  at a price per share equal to the net proceeds  per share  (before
expenses) that Grupo TMM receives for 9 million shares of Kansas City Southern's
common stock offered  concurrently by Grupo TMM. The offering will be made under
the company's existing shelf registration statement.

Morgan  Stanley will be the sole  book-running  manager for the  offering.  This
offering is being made only by means of a prospectus.  Copies of the preliminary
prospectus and records relating to the offering may be obtained from the offices
of Morgan Stanley, Prospectus Department, 180 Varick Street, New York, NY 10014,
or by email to prospectus@morganstanley.com.

This press release shall not constitute an offer to sell or the  solicitation of
an offer to buy nor shall there be any sale of these  securities in any state in
which such offer,  solicitation  or sale would be unlawful prior to registration
or qualification under the securities laws of any state.