SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

DAVIS KEREN G

(Last)

(First)

(Middle)

1903 FOREST RIVER COURT

(Street)

HOOVER

35244

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2003

3. Issuer Name and Ticker or Trading Symbol
HEALTHSOUTH CORP [ HLSH ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Diagnostic Division

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)
HEALTHSOUTH Common Stock	898	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Incentive Stock Option (right to buy)	02/16/1997	02/16/2006	HEALTHSOUTH Common Stock	2,025	$17.75	D
Non-Qualified Stock Option (right to buy)	02/14/2004	02/14/2013	HEALTHSOUTH Common Stock	7,500	$3.2	D
Non-Qualified Stock Option (right to buy)	02/28/2001	02/28/2010	HEALTHSOUTH Common Stock	10,000	$4.875	D
Non-Qualified Stock Option (right to buy)	10/23/1999	10/23/2008	HEALTHSOUTH Common Stock	10,000	$10	D
Non-Qualified Stock Option (right to buy)	02/04/2003	02/04/2012	HEALTHSOUTH Common Stock	9,000	$10.9	D
Non-Qualified Stock Option (right to buy)	03/15/2000	03/15/2009	HEALTHSOUTH Common Stock	15,000	$11	D
Non-Qualified Stock Option (right to buy)	05/20/1999	05/20/2009	HEALTHSOUTH Common Stock	13,087	$13.3125	D
Non-Qualified Stock Option (right to buy)	01/04/2002	01/04/2011	HEALTHSOUTH Common Stock	10,000	$13.875	D

Explanation of Responses:

	Karen G. Davis	09/16/2003
	** 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.