			UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 5										OMB APPROVAL
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported			STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP							OMB Number: 3235-0362 Expires: September 30, 1998 Estimated average burden hours per response 1.0
(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)
James	Huntington		A	Raymond James Financial (RJF)					X Director		______ 10% Owner
(Last)	(First)		(Middle)	3. IRS or Social Security		4. Statement for			Officer (give		______ Other (specify
				Number of Reporting		Month/Year			title below)		below)
880 Carillon Parkway				Person (Voluntary)		Sept. 2002
	(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)			(A) or		(Instr. 3 and 4)	(I)
Raymond James Financial, Inc. (RJF)						Amount	(D)	Price		(Instr. 4)	(Instr. 4)
RJF Common Stock									49,851	D
RJF Common Stock									16,990	I	James Grand- children Trust
RJF Common Stock									420,335	I	Robert A. James Irrev Trust
RJF Common Stock									571	I	ESOP
RJF Common Stock									2,129	I	Madeleine O. James (daughter)
RJF Common Stock									860	I	Miles H. James (son)

NO UNREPORTED ACTIVITY


* If the form is filed by more than one reporting person, see Instruction 4(b)(v).											(Over)
											SEC 2270 (9-96)

FORM 5 (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-

Month

Date

Expira-

Amount or

(Instr. 4)

Exer-

tion

Title

Number of

cisible

Date

(A)

(D)

Employee Stock Option (Right to buy)

Current

1/18/2003

Common Stock

600

24.3833

Employee Stock Option (Right to buy)

10/18/2002

1/18/2003

Common Stock

150

24.3833

Employee Stock Option (Right to buy)

11/18/02-11/18/04

1/18/2005

Common Stock

500

20.6250

1,250

Explanation of Responses:

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

/S/ HUNTINGTON A. JAMES

October 4, 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 2270 (9-96)

JAMES HUNTINGTON A 5