Exhibit 99.1

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)             Daniel P. Connealy (816-218-2412)
      Director of Investor and                VicePresident and
      Public Relations                        Chief Financial Officer

               Stilwell Financial Reports Assets Under Management

     KANSAS CITY,  Mo. (June 3, 2002) - As of the close of the market on May 31,
2002,  Stilwell  Financial Inc. (NYSE:  SV) reported assets under  management of
approximately  $176  billion.  For the two  months  ended May 31,  assets  under
management averaged approximately $182 billion. Preliminary average assets under
management for the five months ended May 31 totaled approximately $186 billion.

About  Stilwell  Financial Inc.

     Stilwell Financial Inc. is a diversified, global financial services company
with  subsidiaries and affiliates  operating in North America,  Europe and Asia.
Stilwell  owns  approximately  92 percent of Janus  Capital  Management  LLC, 90
percent of Berger  Financial  Group LLC, 81 percent of Nelson Money Managers Plc
and 33 percent of DST Systems, Inc. (NYSE: DST).

     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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