			UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 4										OMB APPROVAL
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).			STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP							OMB Number: 3235-0287 Expires: September 30, 1998 Estimated average burden hours per response 0.5
(Print or Type Responses)		Filed prusuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1934 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*				2. Issuer Name and Ticker or Trading Symbol					6. Relationship of Reporting Person(s) to Issuer
									(Check all applicable)
Zank	Dennis		W.	Raymond James Financial (RJF)					X Director		______ 10% Owner
(Last)	(First)		(Middle)	3. IRS or Social Security		4. Statement for			X_ Officer (give		______ Other (specify
				Number of Reporting		Month/Day/Year			title below) below)
880 Carillon Parkway				Person (Voluntary)		September 3, 2002			Executive Vice President
(Street)						5. If Amendment			7. Individual or Joint/Group Filing (Check Applicable Line)
						Date of Original			X Form filed by One Reporting Person
St. Petersburg	FL		33716			(Month/Year)			Form filed by More than One Reporting Person
(City)	(State)		(ZIP)	Table I - Non Derivative Securities Acquired, Disposed of , or beneficially Owned

1. Title of Security				2. Trans-	3. Trans-	4. Securities Acquired (A)			5. Amount of	6. Owner-	7. Nature of
(Instr. 3)				action	action	or Disposed of (D)			Securities	ship	Indirect
				Date	Code	(Instr. 3, 4 and 5)			Beneficially	Form:	Beneficial
					(Instr. 8)				Owned at	Direct	Owner-
				(Month/					End of Month	(D) or	ship
				Day/						Indirect
				Year)	Code V		(A) or		(Instr. 3 and 4)	(I)
Raymond James Financial, Inc. (RJF)						Amount	(D)	Price		(Instr. 4)	(Instr. 4)
RJF Common Stock			(1)	9/3/2002	P	911	A	$ 23.3200	51,838	D
RJF Common Stock									17,336	I	ESOP




(1) Shares acquired under Employee Stock Purchase Plan



Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.											(Over)
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).											SEC 1474 (7-96)

FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

2. Conver-

3. Trans-

4. Trans-

5. Number or Deriv-

6. Date Exer-

7. Title and Amount of

8. Price

9. Number

10.Owner-

11.Nature

(Instr. 3)

sion or

action

ative Securities Ac-

cisable and

Underlying Securities

of deriv-

ship

Exercise

Date

Code

quired (A) or Dis-

Expiration

(Instr. 3 and 4)

deriv-

ative

Form of

Indirect

Price of

(Instr. 8)

posed of (D)

Date

Secur-

Security:

Benefi-

Deri-

(Month/

(Instr. 3, 4, and 5)

(Month/Day/

ity

ities

Direct

cial

vative

Day/

Year)

(Instr.

Bene-

(D) or

Owner-

Security

Year)

ficially

Indirect

ship

Owned

(I)

(Instr. 4)

at End

Instr. 4)

of deriv-

Title

Month

Date

Expira-

Amount or

(Instr. 4)

Code

(A)

(D)

Exer-

tion

Number of

cisible

Date

Employee Stock Option (Right to buy)

Current

1/18/2003

Common Stock

6,300

22.1667

Employee Stock Option (Right to buy)

11/18/2002

1/18/2003

Common Stock

2,700

22.1667

Employee Stock Option (Right to buy)

11/18/02-11/18/04

1/18/2005

Common Stock

6,000

20.6300

Employee Stock Option (Right to buy)

11/28/04-1/02/07

1/28/2007

Common Stock

10,000

32.0000

25,000

Explanation of Responses:

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations,

/S/ DENNIS W. ZANK

9/3/2002

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

**Signature of Reporting Person

Date

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient.

see Instructions 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not

required to respond unless the form displays a currently valid OMB Number.

Page 2

SEC 1474 (7-96)