UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


_________


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 14, 2004



KENTUCKY BANCSHARES, INC.
 (Exact Name of Registrant as specified in Charter)


   Kentucky                 33-96358                61-0993464
 (State or other          (Commission             (IRS Employer
  jurisdiction of          File Number)           Identification No.)
  incorporation)


P.O. Box 157, Paris, Kentucky                     40362-0157
(Address of principal executive offices)          (Zip code)


(859)987-1795
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report.)



INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers.
(a)	Not applicable
(b)	On September 14, 2004, in conjunction with its
regularly scheduled meeting, the Board of Directors of Kentucky
Bank (the "Bank") announced plans for the Bank's president,
Louis Prichard, to assume the additional role of chief executive
officer, effective January 1, 2005.  The Bank's current chief
executive officer, Buckner Woodford, will remain as Chairman of
the Board of the Bank.  The Bank is the Registrant's sole
operating subsidiary.
(c)(1) 	On September 14, 2004, the Bank's Board of Directors
announced plans for Louis Prichard to become the Bank's chief
executive officer, effective January 1, 2005.
	(2)	Louis Prichard, age 51, has served as president and
chief operating officer of Kentucky Bank since 2003.  He has
been a director of the Bank and the Registrant since 2003.  From
1983 to 2003, Mr. Prichard was employed by Farmers National Bank
of Danville, serving as its chairman and chief executive officer
since 1997.  Mr. Prichard serves the Bank at the pleasure of the
Bank's Board of Directors.
	(3)	Mr. Prichard does not have an employment agreement
with either the Bank or the Registrant.
(d)	Not applicable
EXHIBIT INDEX
Item No.       Description
99.1           Press Release dated September 16, 2004,
announcing Mr. Prichard's appointment as chief
executive officer of the Bank.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.



                              KENTUCKY BANCSHARES, INC.

Date:  September 16, 2004        By  /s/ Gregory J. Dawson
Gregory J. Dawson, C.F.O.










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{"company-data": {"conformed-name": "KENTUCKY BANCSHARES INC /KY/", "cik": "0001000232", "assigned-sic": "6022", "irs-number": "610993464", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-96358", "film-number": "041032870"}, "business-address": {"street1": "4TH & MAIN ST", "street2": "P O BOX 157", "city": "PARIS", "state": "KY", "zip": "40362-0157", "phone": "859-987-1795"}, "mail-address": {"street1": "4TH & MAIN ST", "street2": "PO BOX 157", "city": "PARIS", "state": "KY", "zip": "40362-0157"}, "former-company": {"former-conformed-name": "BOURBON BANCSHARES INC /KY/", "date-changed": "19950907"}}
UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 14, 2004

KENTUCKY BANCSHARES, INC.
 (Exact Name of Registrant as specified in Charter)

   Kentucky                 33-96358                61-0993464
 (State or other          (Commission             (IRS Employer
  jurisdiction of          File Number)           Identification No.)
  incorporation)

P.O. Box 157, Paris, Kentucky                     40362-0157
(Address of principal executive offices)          (Zip code)

(859)987-1795
(Registrant's telephone number, including area code)

N/A
(Former name or former address, if changed since last report.)

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.02 Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers.
(a)	Not applicable
(b)	On September 14, 2004, in conjunction with its
regularly scheduled meeting, the Board of Directors of Kentucky
Bank (the "Bank") announced plans for the Bank's president,
Louis Prichard, to assume the additional role of chief executive
officer, effective January 1, 2005.  The Bank's current chief
executive officer, Buckner Woodford, will remain as Chairman of
the Board of the Bank.  The Bank is the Registrant's sole
operating subsidiary.
(c)(1) 	On September 14, 2004, the Bank's Board of Directors
announced plans for Louis Prichard to become the Bank's chief
executive officer, effective January 1, 2005.
	(2)	Louis Prichard, age 51, has served as president and
chief operating officer of Kentucky Bank since 2003.  He has
been a director of the Bank and the Registrant since 2003.  From
1983 to 2003, Mr. Prichard was employed by Farmers National Bank
of Danville, serving as its chairman and chief executive officer
since 1997.  Mr. Prichard serves the Bank at the pleasure of the
Bank's Board of Directors.
	(3)	Mr. Prichard does not have an employment agreement
with either the Bank or the Registrant.
(d)	Not applicable
EXHIBIT INDEX
Item No.       Description
99.1           Press Release dated September 16, 2004,
announcing Mr. Prichard's appointment as chief
executive officer of the Bank.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.

                              KENTUCKY BANCSHARES, INC.

Date:  September 16, 2004        By  /s/ Gregory J. Dawson
Gregory J. Dawson, C.F.O.

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