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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549
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                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING
                            -------------------------

                                                  Commission File Number 1-14036


(Check One): [ ]Form 10-K [ ]Form 20-F [X]Form 11-K [ ]Form 10-Q [ ]  Form 10-D
 [ ]Form N-SAR [ ]Form N-CSR

For period ended:  December 31, 2005

[ ]         Transition Report on Form 10-K

[ ]         Transition Report on Form 20-F

[ ]         Transition Report on Form 11-K

[ ]         Transition Report on Form 10-Q

[ ]         Transition Report on Form N-SAR

For the transition period ended:
                                ------------------------------------------------




                   Nothing in this form shall be construed to
                   imply that the Commission has verified any
                          information contained herein.









                                     PART I
                             REGISTRANT INFORMATION


         DST Systems, Inc. 401(k) Profit Sharing Plan
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Full Name of Registrant


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Former Name if Applicable

         333 West 11th Street
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Address of Principal Executive Office (Street and Number)

         Kansas City, Missouri 64105
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City, State and Zip Code

                                     PART II
                             RULE 12b-25(b) AND (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b),  the
following should be completed. (Check box if appropriate.)

           |   (a)  The reasons  described in  reasonable  detail in Part III of
           |        this  form  could  not be  eliminated  without  unreasonable
           |       effort or expense;
           |
      [X]  |   (b)  The subject  annual  report on Form 11-K will be filed on or
           |        before the fifteenth  calendar day following the  prescribed
           |        due date; and
           |
           |   (c)  The accountant's statement or other exhibit required by Rule
           |        12b-25(c) has been attached if applicable.

                                    PART III
                                    NARRATIVE

     The Plan  requires  additional  time to complete the  financial  statements
included in the report,  because,  in finalizing the 2005 financial  statements,
the Plan  recognized the need to evaluate the accounting for securities  lending
arrangements and whether  modifications are necessary to the 2004 Plan financial
statements.  The Plan  fully  intends  to file the Form 11-K for the year  ended
December  31,  2005  within  the time  mandated  by Rule  12b-25.

                                 PART IV OTHER
                                  INFORMATION

     (1) Name and  telephone  number  of  person  to  contact  in regard to this
notification.

         Marc Salle                        816                   460-2555
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     (2) Have all other periodic  reports  required under Section 13 or 15(d) or
the Securities  Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940  during the  preceding  12 months or for such  shorter  period  that the
registrant was required to file such report(s) been filed?  If the answer is no,
identify report(s).
                                                                  [X]Yes  [ ] No



     (3) Is it anticipated that any significant  change in results of operations
from the corresponding  period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?

                                                                  [ ]Yes  [X] No


         DST Systems, Inc. 401(k) Profit Sharing Plan
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(Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.


Date:     June 29, 2006            By:   /s/ Kenneth V. Hager
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                                         Vice President, Chief Financial Officer
                                         and Treasurer