Washington, D.C. 20549


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*

(Last) (First) (Middle)


(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
3. Issuer Name and Ticker or Trading Symbol
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of 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
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 3,365,665(1) I By voting trust
Common Stock 451,176 I By LLC
Common Stock 182,609 I By LLC
Common Stock 36,122 I By LLC
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 227,774 shares beneficially owned by W.R. Stephens, Jr. Children's Trust and 39,489 shares beneficially owned by each of W.R. Stephens, III Trust and Arden Jewell Stephens Trust for benefit of reporting person's children. Also includes 13,519 shares beneficially owned by reporting person's spouse, and 1,362,531 shares beneficially owned by reporting person's revocable trust. Also includes 1,682,863 shares beneficially owned by Pamela D. Stephens Trust One, of which reporting person is a trustee.
Todd Ferguson, attorney in fact for reporting person 11/24/2003
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

for Executing Forms 3, 4 and 5 and

Schedules 13G and 13D

KNOW ALL MEN BY THESE PRESENTS, that the undersigned

hereby constitutes and appoints David A. Knight,

William B. Keisler and Todd C. Ferguson the 

undersigned's true and lawful attorneys-in-fact to: 

(1) execute, for and on behalf of the undersigned,

any one or more Forms 3, 4, and 5 in accordance with

Section 16(a) of the Securities Exchange Act of 

1934, as amended (the "34 Act"), and the rules 

thereunder, and Schedules 13G and 13D in accordance

with Section 13 of the 34 Act and the rules thereunder;

(2) do and perform any and all acts, for and on behalf

of the undersigned, that may be necessary or desirable

to complete the execution of any such Form 3, 4 or 5

or Schedules 13G and 13D, and the timely filing of

such forms and schedules with the United States 

Securities and Exchange Commission and any other 

authority; and

(3) take any other action of any type whatsoever in

connection with the foregoing that, in the opinion of

any such attorney-in-fact, may be of benefit to, in

the best interest of, or legally required by, the

undersigned, it being understood that the documents

executed by such attorney-in-fact on behalf of the

undersigned, pursuant to this Power of Attorney, shall

be in such form and shall contain such terms and

conditions as such attorney-in-fact may approve in

his discretion. 

The undersigned hereby grants to the foregoing 

attorneys-in-fact full power and authority to do and

perform each and every act and thing whatsoever 

requisite, necessary, and proper to be done in the 

exercise of any of the rights and powers herein 

granted, as fully to all intents and purposes as 

such attorneys-in-fact might or could do if personally 

present, with full power of substitution or 

revocation, hereby ratifying and confirming all

that such attorneys-in-fact, or their substitutes,

shall lawfully do or cause to be done by virtue of

this Power of Attorney and the rights and powers 

herein granted.  The undersigned acknowledges that

the foregoing attorneys-in-fact, in serving in such 

capacity at the request of the undersigned, are not 

assuming any of the undersigned's responsibilities to 

comply with Sections 13 and 16 of the Securities and

Exchange Act of 1934, as amended, or other applicable 

securities laws or rules.

IN WITNESS WHEREOF, the undersigned has caused this 

Power of Attorney to be executed as of this 2nd day

of January, 2003.

/s/W.R. Stephens Jr.


Witt Stephens 

Printed Name