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): October 10, 2003



                       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 7. Financial Statements and Exhibits
Exhibit 99.1 - Release of quarterly financial information
as of September 30, 2003, as released on October 10, 2003.
  Item 12. Results of Operations and Financial Condition
On October 10, 2003, the Registrant issued a press release
announcing its earnings release for the third quarter of 2003. A
copy of this press release is attached as Exhibit 99.1.
The information in this Form 8-K and Exhibit 99.1 attached
hereto shall not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
of 1933, except as shall be expressly set forth by specific
reference.
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: October 15, 2003           By     /s/ Gregory J. Dawson___
         Gregory J. Dawson
         Chief Financial Officer



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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): October 10, 2003

                       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 7. Financial Statements and Exhibits
Exhibit 99.1 - Release of quarterly financial information
as of September 30, 2003, as released on October 10, 2003.
  Item 12. Results of Operations and Financial Condition
On October 10, 2003, the Registrant issued a press release
announcing its earnings release for the third quarter of 2003. A
copy of this press release is attached as Exhibit 99.1.
The information in this Form 8-K and Exhibit 99.1 attached
hereto shall not be deemed filed for purposes of Section 18 of
the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any filing under the Securities Act
of 1933, except as shall be expressly set forth by specific
reference.
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: October 15, 2003           By     /s/ Gregory J. Dawson___
         Gregory J. Dawson
         Chief Financial Officer

	- 2 -