Exhibit 99.1
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STILWELL
FINANCIAL INC.

                                                    920 Main Street, 21st Floor
                                               Kansas City, Missouri 64105-2008
                                                               NYSE Symbol:  SV

NEWS RELEASE

Media Contact:                           Investor Contacts:
   Peggy Landon (816-218-2455)            Landon H. Rowland (816-218-2416)
    Director of Investor and                Chairman, President and
         Public Relations                    Chief Executive Officer
                                          Daniel P. Connealy (816-218-2412)
                                            Vice President and Chief Financial
                                             Officer

               Stilwell Financial Reports Assets Under Management
                  ANNOUNCES FIRST QUARTER EARNINGS PRESENTATION

     KANSAS CITY,  Mo.  (April 1, 2002) - Stilwell  Financial  Inc.  (NYSE:  SV)
closed  the month of March with an  estimated  $189.6  billion  in assets  under
management.  Preliminary  average  assets  under  management  for the month were
$193.1 billion and the preliminary  average for the three months ended March 31,
2002 were $188.9 billion.

     Stilwell  will discuss its first  quarter  results via  conference  call on
Thursday,  April 25 at 2 p.m. CDT. The call will be broadcast on Stilwell's  Web
site at  www.stilwellfinancial.com  during  the  presentation  and for one  week
following.  The presentation slides will also be available on the site beginning
April 25. Interested parties can listen by telephone by calling (888) 664-0344.

About Stilwell Financial Inc.
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     Stilwell Financial Inc. is a diversified, global financial services company
with  subsidiaries and affiliates  operating in North America,  Europe and Asia.
Stilwell currently owns 98 percent of Janus Capital  Corporation,  approximately
87 percent of Berger  Financial  Group LLC, 81 percent of Nelson Money  Managers
Plc and 33 percent of DST Systems, Inc.

     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.

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