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<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">As filed with the United States Securities and Exchange
Commission on February 14, 2003.</p>
<p ALIGN="right" style="margin-top: 0; margin-bottom: 0">Registration No.
333-_______</p>
</font>

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<hr noshade color="#000000">
<p style="margin-top: 0; margin-bottom: 0" align="right"><br>
&nbsp;</p>
</font><font SIZE="4"><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">SECURITIES AND EXCHANGE COMMISSION</p>
</b></font><font FACE="Times New" SIZE="3">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Washington, D.C. 20549<br>
</font><font FACE="Courier,Courier New">
__________________<br>
<font size="1">&nbsp;</font><br>
</font><font SIZE="5"><b>
FORM S-8</p>
</b></font><font FACE="Times New">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">REGISTRATION STATEMENT UNDER</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">THE SECURITIES ACT OF 1933</p>
</font><font FACE="Courier,Courier New">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________________</p>
</font><font SIZE="5"><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Piccadilly Cafeterias, Inc.</p>
</b></font><font SIZE="3"><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Exact name of registrant as specified in its charter)</p>
</i></font><font FACE="Courier,Courier New">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________________</p>
</font>
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-width: 0" bordercolor="#111111" width="100%" id="AutoNumber1">
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    <td width="240" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<b>Louisiana&nbsp;&nbsp; </b></font></p>
    </td>
    <td width="69" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="170" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="220" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<b>&nbsp;72-0604977</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="240" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><i><font SIZE="3">
(State or other&nbsp;&nbsp; </font>
</i></p>
    </td>
    <td width="69" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="170" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="220" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<i>&nbsp;(I.R.S. Employer</i></font></p>
    </td>
  </tr>
  <tr>
    <td width="240" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<i>jurisdiction of incorporation&nbsp;&nbsp;
</i></font></p>
    </td>
    <td width="69" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="170" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="220" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<i>&nbsp;Identification No.)</i></font></p>
    </td>
  </tr>
  <tr>
    <td width="240" style="border-left: medium none #111111; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: none; border-bottom-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<i>or organization)&nbsp;&nbsp;
</i></font></p>
    </td>
    <td width="69" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="170" style="border-style: none; border-width: medium">&nbsp;</td>
  </tr>
</table>
<font SIZE="3">
<b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">3232 Sherwood Forest Blvd.</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Baton Rouge, Louisiana 70816</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(225) 296-8300</p>
</b><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Address, including zip code, and telephone number</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">including area code, of registrant's principal executive
offices)</p>
</i></font><font FACE="Courier,Courier New">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________________</p>
</font><font SIZE="3"><b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">PICCADILLY CAFETERIAS, INC.</p>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">DIRECTORS STOCK PLAN</p>
</b><i>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Full title of the Plan)</p>
</i></font><font FACE="Courier,Courier New">
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">__________________</p>
</font><font SIZE="1">
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-width: 0" bordercolor="#111111" width="100%" id="AutoNumber2" height="104">
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    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>Ronald A. LaBorde&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;COPY TO</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>Chief Executive Officer&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;Margaret F. Murphy</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>Piccadilly Cafeterias, Inc.&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;Jones, Walker, Waechter, Poitevent,</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>3232 Sherwood Forest Blvd.&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;Carr&#232;re&nbsp;&amp; Den&#232;gre, L.L.P.</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>Baton Rouge, LA 70816&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;51st Floor</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>(225) 296-8300&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;201 St. Charles Avenue</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
(Name, address, including zip code, <b>&nbsp; </b>
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;&nbsp; </b>
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
<b>&nbsp;New Orleans, Louisiana 70170</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="1" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
and telephone number, including&nbsp;&nbsp;
</font></p>
    </td>
    <td width="100" height="1" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
&nbsp;&nbsp;
</font></p>
    </td>
    <td width="311" align="center" height="1" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
&nbsp;&nbsp;
</font></p>
    </td>
  </tr>
  <tr>
    <td width="289" height="12" style="border-style: none; border-width: medium">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
area code, of agent for service)&nbsp;&nbsp;
</font></p>
    </td>
    <td width="100" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
&nbsp;&nbsp;
</font></p>
    </td>
    <td width="311" align="center" height="12" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="1">
&nbsp;&nbsp;
</font></p>
    </td>
  </tr>
</table>
</font><font SIZE="3">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><b><br>
CALCULATION OF REGISTRATION FEE</p>
</b></font>
<table CELLSPACING="0" BORDERCOLOR="#000000" WIDTH="100%" style="border-collapse: collapse" cellpadding="0" height="139">
  <tr>
    <td WIDTH="31%" VALIGN="TOP" height="49"><b>
    <font SIZE="3">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"></p>
    </font><font SIZE="2">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Title of Each Class of</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Securities to be Registered</font></b></td>
    <td WIDTH="16%" VALIGN="TOP" height="49"><font SIZE="2"><b>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Amount</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">to be</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Registered</b></font></td>
    <td WIDTH="21%" VALIGN="TOP" height="49"><font SIZE="2"><b>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Proposed Maximum</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Offering Price</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Per Unit</b></font></td>
    <td WIDTH="20%" VALIGN="TOP" height="49"><font SIZE="2"><b>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Proposed Maximum</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Aggregate Offering</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Price</b></font></td>
    <td WIDTH="13%" VALIGN="TOP" height="49"><font SIZE="2"><b>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Amount of</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Registration</p>
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">Fee</b></font></td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="top" height="19">
    &nbsp;</td>
    <td WIDTH="16%" VALIGN="top" height="19">
    &nbsp;</td>
    <td WIDTH="21%" VALIGN="top" height="19">
    &nbsp;</td>
    <td WIDTH="20%" VALIGN="top" height="19">&nbsp;</td>
    <td WIDTH="13%" VALIGN="top" height="19">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="bottom" height="3">
    <p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Common Stock, no par value</font></td>
    <td WIDTH="16%" VALIGN="bottom" height="3">
    <p style="margin-top: 0; margin-bottom: 0" align="center"><font SIZE="2">250,000 shares</font></td>
    <td WIDTH="21%" VALIGN="bottom" height="3">
    <p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1.09<sup>(1)</sup></font></td>
    <td WIDTH="20%" VALIGN="bottom" height="3"><font SIZE="2">
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$272,500</font><sup><font SIZE="2">(1)</p>
    </font>
    </sup></td>
    <td WIDTH="13%" VALIGN="bottom" height="3"><font SIZE="2">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">$25.07</font></td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="TOP" height="19">&nbsp;</td>
    <td WIDTH="16%" VALIGN="TOP" height="19">
    &nbsp;</td>
    <td WIDTH="21%" VALIGN="TOP" height="19">
    &nbsp;</td>
    <td WIDTH="20%" VALIGN="TOP" height="19">
    &nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP" height="19">&nbsp;</td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="TOP" height="19"><font SIZE="2">
    <p ALIGN="left" style="margin-top: 0; margin-bottom: 0">Preferred Stock Purchase Rights<sup>(2) </sup></font></td>
    <td WIDTH="16%" VALIGN="TOP" height="19">
    <div style="padding-left: 5; padding-right: 5">
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;</div>
    </td>
    <td WIDTH="21%" VALIGN="TOP" height="19">
    <div style="padding-left: 5; padding-right: 5">
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;</div>
    </td>
    <td WIDTH="20%" VALIGN="TOP" height="19">
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;</td>
    <td WIDTH="13%" VALIGN="TOP" height="19"><font SIZE="2">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">$0</font></td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="TOP" height="15"><font size="1">&nbsp;</font></td>
    <td WIDTH="16%" VALIGN="TOP" height="15">
    <hr color="#000000" width="90%" size="1">
    </td>
    <td WIDTH="21%" VALIGN="TOP" height="15">
    <hr color="#000000" width="90%" size="1">
    </td>
    <td WIDTH="20%" VALIGN="TOP" height="15">
    <hr color="#000000" width="90%" size="1">
    </td>
    <td WIDTH="13%" VALIGN="TOP" height="15">
    <hr color="#000000" width="90%" size="1">
    </td>
  </tr>
  <tr>
    <td WIDTH="31%" VALIGN="TOP" height="15"><font SIZE="2">
    <p ALIGN="left" style="margin-left: 30; margin-top: 0; margin-bottom: 0">Total </font></td>
    <td WIDTH="16%" VALIGN="TOP" height="15">
    <p style="margin-top: 0; margin-bottom: 0" align="center"><font SIZE="2">250,000 shares</font></td>
    <td WIDTH="21%" VALIGN="TOP" height="15">
    <p style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1.09</font></td>
    <td WIDTH="20%" VALIGN="TOP" height="15"><font SIZE="2">
    <p style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$272,500</font></td>
    <td WIDTH="13%" VALIGN="TOP" height="15"><font SIZE="2">
    <p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">$25.07</font></td>
  </tr>
</table>
<font SIZE="3">
<hr noshade color="#000000" width="20%" size="1" align="left"> </font>
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-width: 0" bordercolor="#111111" width="100%" id="AutoNumber3">
  <tr>
    <td valign="top" width="26" style="border-style: none; border-width: medium">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
<font SIZE="2">
  (1)</font><font SIZE="3">
  </font><font SIZE="2">&nbsp;
  </font></p>
    </td>
    <td width="675" style="border-style: none; border-width: medium" valign="top">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">
  Estimated solely for the purpose of calculating the registration fee pursuant
  to Rules 457(c), based upon the average of the high and low price per share of
  Common Stock on the American Stock Exchange on February 11, 2003, in accordance with Rule 457(c).</font></p>
    </td>
  </tr>
  <tr>
    <td valign="top" width="26" style="border-style: none; border-width: medium">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">(2)&nbsp;&nbsp;
  </font></p>
    </td>
    <td width="675" style="border-style: none; border-width: medium" valign="top">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="2">Rights are attached to and trade with the Common Stock
  of the Registrant. Value attributable to such Rights, if any, is reflected in
  the market price of the Common Stock. Because no separate consideration is
  paid for such Rights, the registration fee for such securities is included in
  the fee for the Common Stock.</font></p>
    </td>
  </tr>
</table>
<font SIZE="2">
  <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><br>
&nbsp;</p>
  <hr noshade color="#000000" align="left">
  </font><font SIZE="3">
<b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"><br>
PART II<br>
<br>
INFORMATION NOT REQUIRED IN PROSPECTUS<br>
<br>
&nbsp;</p>
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  <tr>
    <td width="76" height="17" style="border-style: none; border-width: medium">
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<b>
Item 3.&nbsp;&nbsp; </b> </font>
        </p>
    </td>
    <td width="628" colspan="2" height="17" style="border-style: none; border-width: medium">
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">
<b>
&nbsp;Incorporation of Documents by Reference.</b></font></p>
    </td>
  </tr>
  <tr>
    <td width="76" height="17" style="border-style: none; border-width: medium">
    </td>
    <td width="628" colspan="2" height="17" style="border-style: none; border-width: medium">
    </td>
  </tr>
  <tr>
    <td width="704" colspan="3" height="36" style="border-style: none; border-width: medium"><font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>The following documents, which have been filed by
Piccadilly Cafeterias, Inc. (the &quot;Company&quot;) with the Securities and Exchange
Commission (the &quot;Commission&quot;), are incorporated herein by reference:</font></td>
  </tr>
  <tr>
    <td width="76" height="17" style="border-style: none; border-width: medium">
    </td>
    <td width="61" height="17" valign="top" style="border-style: none; border-width: medium">
    </td>
    <td width="567" height="17" style="border-style: none; border-width: medium">
    </td>
  </tr>
  <tr>
    <td width="76" height="17" style="border-style: none; border-width: medium">
    </td>
    <td width="61" height="17" valign="top" style="border-style: none; border-width: medium">
    (a)</td>
    <td width="567" height="17" style="border-style: none; border-width: medium"><font SIZE="3">
    The Company's Annual Report on Form 10-K for the fiscal year ended July 2,
    2002;</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="76" height="55" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="61" height="55" valign="top" style="border-style: none; border-width: medium">
    (b)</td>
    <td width="567" height="55" style="border-style: none; border-width: medium"><font SIZE="3">
    All other reports filed by the Company with the Commission pursuant to
    Section 13 of the 1934 Act since the end of the fiscal year covered by the
    Annual Report referred to in (a) above; and</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="76" height="74" style="border-style: none; border-width: medium">&nbsp;</td>
    <td width="61" height="74" valign="top" style="border-style: none; border-width: medium">
    (c)</td>
    <td width="567" height="74" style="border-style: none; border-width: medium">
        <font FACE="CG Times (W1),Times New Roman" SIZE="3">The description of
        the Company's Common Stock and the Preferred Stock Purchase Rights
        contained in the Company's registration statement pursuant to which the
        Company's shares of Common Stock were registered under Section 12(g) of
        the Securities Exchange Act of 1934, and any amendment or report filed
        for the purpose of updating such description.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="704" height="1" style="border-style: none; border-width: medium" colspan="3">
    <font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b> </font>
        <font FACE="CG Times (W1),Times New Roman" SIZE="3">All documents filed by the Company with the Commission
pursuant to Sections 13, 14 or 15(d) of the Exchange Act subsequent to the date
of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference in this Registration Statement and to be made a part
hereof from the date of filing of such documents. Information incorporated
herein by reference is not necessarily complete and is qualified in its entirety
by the information and financial statements appearing in all of the documents
incorporated herein by reference and should be read together therewith. Any
statement contained in a document incorporated or deemed to be incorporated by
reference shall be deemed to be modified or superseded to the extent that any
other document subsequently filed or incorporated by reference herein modifies
or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.<br>
&nbsp;</font></td>
  </tr>
  <tr>
    <td width="76" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
<b>
    Item 4.</b></font></td>
    <td width="628" height="1" valign="top" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
<b>
    Description of Securities</b>. </font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="76" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="628" height="1" valign="top" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
    Not applicable.<br>
&nbsp;</font></td>
  </tr>
  <tr>
    <td width="76" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
<b>
    Item 5. </b></font></td>
    <td width="628" height="1" valign="top" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
<b>
    Interests of Named Experts and Counsel</b>.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="76" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="628" height="1" valign="top" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
    Not applicable.<br>
&nbsp;</font></td>
  </tr>
  <tr>
    <td width="76" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    <b>
    Item 6.
</b></font></td>
    <td width="628" height="1" valign="top" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
    <b>
    Indemnification of Directors and Officers.<br>
&nbsp;</b></font></td>
  </tr>
  <tr>
    <td width="704" height="1" style="border-style: none; border-width: medium" colspan="3"><font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Section 83 of the Louisiana Business Corporation Law provides
in part that a corporation may indemnify any director, officer, employee or
agent of the corporation against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with any action, suit or proceeding to which he is or was a
party or is threatened to be made a party (including any action by or in the
right of the corporation) if such action arises out of his acts on behalf of the
corporation and he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. Indemnification is not permitted for willful or
intentional misconduct unless a court determines that despite the adjudication
of liability, in view of all the circumstances, the indemnified person is
entitled to indemnity.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="704" height="1" style="border-style: none; border-width: medium" colspan="3"><font SIZE="3">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Section 6.10 of the Company's by-laws provides for mandatory
indemnification for directors and officers or former directors and officers of
the Company to the extent permitted by Louisiana law. In addition, the Company
has entered into Indemnity Agreements with each of its directors and officers.<b><br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Neither the indemnification provisions of the Louisiana
Business Corporation Law, the mandatory indemnification provided by the
Company's by-laws, nor the terms of the Indemnity Agreements are exclusive of
any other rights under any law, agreement or authorization of shareholders or
directors. In addition, a corporation has the power to obtain and maintain
insurance, or to create a form of self-insurance on behalf of any person who is
or was acting for the corporation, regardless of whether the corporation has the
legal authority to indemnify the insured person against such liability. The
Company maintains an insurance policy covering the liability of its directors
and officers for actions taken in their official capacities.<b><br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company pursuant to the foregoing provisions, or otherwise, the
Company has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is therefore unenforceable.<br>
&nbsp;</p>
</font></td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
<b>
    Item 7. </b>
    </font></td>
    <td width="626" height="1" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
<b>
    Exemption From Registration Claimed</b>.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="626" height="1" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
    Not applicable.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    <b>
    Item 8.</b></font></td>
    <td width="626" height="1" style="border-style: none; border-width: medium" colspan="2"><font FACE="Times New" SIZE="3">
    <b>
    Exhibits.</b></font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="59" height="1" style="border-style: none; border-width: medium" valign="top">
    <font face="Times New">5</font></td>
    <td width="565" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    Opinion of Jones, Walker, Waechter, Poitevent,
        Carr&#232;re&nbsp;&amp; Den&#232;gre, L.L.P.</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="59" height="1" style="border-style: none; border-width: medium" valign="top">
    <font face="Times New">23.1</font></td>
    <td width="565" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
        <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">Consent of
        Ernst &amp; Young LLP<br>
&nbsp;</p>
    </font></td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="59" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    23.2</font></td>
    <td width="565" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    Consent of Counsel (included in Exhibit 5)</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="59" height="1" style="border-style: none; border-width: medium" valign="top">
    <font face="Times New">24</font></td>
    <td width="565" height="1" style="border-style: none; border-width: medium" valign="top"><font FACE="Times New" SIZE="3">
    Power of Attorney (included on the signature page of this Registration
    Statement)</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top"><font SIZE="3"><b>
    Item 9.</b></font></td>
    <td width="624" height="1" style="border-style: none; border-width: medium" colspan="2" valign="top"><font SIZE="3"><b>
    Undertakings.</b></font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="74" height="1" style="border-style: none; border-width: medium" valign="top">
    </td>
    <td width="59" height="1" style="border-style: none; border-width: medium" valign="top">
    <font face="Times New">1.</font></td>
    <td width="565" height="1" style="border-style: none; border-width: medium" valign="top"><font SIZE="3">
    The undersigned registrant hereby undertakes:</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a
    post-effective amendment to this Registration Statement:</font><br>
&nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">
    <font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> </font>(ii)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the Registration
Statement;</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">
    <font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> </font>(iii)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> To include any material information with respect to the
plan of distribution not previously disclosed in the Registration Statement or
any material change to such information in the Registration Statement;</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">provided, however, that paragraphs 1(a)(i) and 1(a)(ii) do
not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference herein.</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">
    <font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> </font>(b)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered herein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">
    <font SIZE="3">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> </font>(c)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> The undersigned registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act of 1933, each
filing of the registrant's annual report pursuant to section 13(a) or section
15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</font></td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top">
    &nbsp;</td>
  </tr>
  <tr>
    <td width="696" height="1" style="border-style: none; border-width: medium" colspan="3" valign="top"><font SIZE="3">
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0">
<b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> (3)<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</b> Insofar as indemnification for liabilities arising under
the Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or
otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceedings) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such issue.</p>
</font>
    </td>
  </tr>
</table>
</b>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;<br>
&nbsp;<br>
&nbsp;</p>
<b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">SIGNATURES<br>
<br>
&nbsp;</p>
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Baton Rouge, State of Louisiana, on January 21,
2003.<br>
<br>
<br>
&nbsp;</p>
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-width: 0" bordercolor="#111111" width="100%" id="AutoNumber5">
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td width="348" colspan="2" style="border-style: none; border-width: medium">
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">PICCADILLY CAFETERIAS, INC.</font></p>
    </td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td width="43" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">By:</font></p>
    </td>
    <td width="305" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1">
    /s/ <font SIZE="3">Ronald A. LaBorde</font></td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td width="43" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
    </td>
    <td width="305" style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium"><font SIZE="3">Ronald A. LaBorde</font></td>
  </tr>
  <tr>
    <td width="353" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td width="43" style="border-style: none; border-width: medium">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
    </td>
    <td width="305" style="border-style: none; border-width: medium"><font SIZE="3">Chief Executive Officer</font></td>
  </tr>
</table>
<b>
<p ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"><br>
<br>
<br>
POWER OF ATTORNEY<br>
<br>
&nbsp;</p>
<p ALIGN="left" style="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </b>KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears immediately below constitutes and appoints Ronald A. LaBorde
and Mark L. Mestayer or either of them, his true and lawful attorney-in-fact and
agent, with full power of substitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, and to file the same
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or
cause to be done by virtue hereof.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act of 1933,
as amended, this Registration Statement has been signed by the following persons
in the capacities and on the dates indicated.<u><br>
<br>
<br>
<br>
&nbsp;</u></p>
<table border="1" cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-width: 0" bordercolor="#111111" width="100%" id="AutoNumber6" height="454">
  <tr>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Signature</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;<u>Title</u>&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;<u>Date</u></font></p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">/s/Joseph H. Campbell, Jr.</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Chairman of the Board&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
21, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Joseph H. Campbell, Jr.&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">Ronald A. LaBorde</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Chief Executive Officer&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
21, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Ronald A. LaBorde</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;and Director&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17">
                        <p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
                        </td>
    <td style="border-style: none; border-width: medium" height="17">
                        <p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">(Principal Executive Officer)&nbsp;&nbsp;
</font>
    </p>
                        </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17" align="center">
    </td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17" align="center">
    </td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17" align="center">
<p style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">Mark L. Mestayer</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Executive Vice President, Treasurer&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;February
12, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17" align="center">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Mark L. Mestayer</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;and Chief Financial Officer&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">(Principal Financial Officer and&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Principal Accounting Officer)&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">Robert P. Guyton</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
21, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Robert P. Guyton</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">Christel C. Slaughter</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
24, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Christel C. Slaughter</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">Dale E. Redman</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
24, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Dale E. Redman</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">James
F. White, Jr.</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
21, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="15">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">James
F. White, Jr.</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="15">
<p style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="15">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">James A. Perkins</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
27, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">James A. Perkins</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
    <td style="border-style: none; border-width: medium" height="17"></td>
  </tr>
  <tr>
    <td style="border-left-style: none; border-left-width: medium; border-right-style: none; border-right-width: medium; border-top-style: none; border-top-width: medium; border-bottom-style: solid; border-bottom-width: 1" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0">/s/<font SIZE="3">C. Ray Smith</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">Director&nbsp;&nbsp;
</font>
    </p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;January
21, 2003</font></p>
    </td>
  </tr>
  <tr>
    <td style="border-left: medium none #111111; border-right-style: none; border-right-width: medium; border-bottom-style: none; border-bottom-width: medium" height="17">
<p ALIGN="center" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">C. Ray Smith</font></p>
    </td>
    <td style="border-style: none; border-width: medium" height="17">
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"><font SIZE="3">&nbsp;&nbsp;
</font>
    </p>
    </td>
  </tr>
</table>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0"></p>
<p ALIGN="JUSTIFY" style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
</font>
<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

</body>

</html>
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{"company-data": {"conformed-name": "PICCADILLY CAFETERIAS INC", "cik": "0000277923", "assigned-sic": "5812", "irs-number": "720604977", "state-of-incorporation": "LA", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-103232", "film-number": "03567267"}, "business-address": {"street1": "P O BOX 2467", "city": "BATON ROUGE", "state": "LA", "zip": "70821", "phone": "2252939440"}, "mail-address": {"street1": "3232 SHERWOOD FOREST BLVD", "city": "BATON ROUGE", "state": "LA", "zip": "70816"}}
As filed with the United States Securities and Exchange
Commission on February 14, 2003.
Registration No.
333-_______
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
__________________
Piccadilly Cafeterias, Inc.
(Exact name of registrant as specified in its charter)
__________________
Louisiana
72-0604977
(State or other
(I.R.S. Employer
jurisdiction of incorporation
Identification No.)
or organization)
3232 Sherwood Forest Blvd.
Baton Rouge, Louisiana 70816
(225) 296-8300
(Address, including zip code, and telephone number
including area code, of registrant's principal executive
offices)
__________________
PICCADILLY CAFETERIAS, INC.
DIRECTORS STOCK PLAN
(Full title of the Plan)
__________________
Ronald A. LaBorde
COPY TO
Chief Executive Officer
Margaret F. Murphy
Piccadilly Cafeterias, Inc.
Jones, Walker, Waechter, Poitevent,
3232 Sherwood Forest Blvd.
Carrère & Denègre, L.L.P.
Baton Rouge, LA 70816
51st Floor
(225) 296-8300
201 St. Charles Avenue
(Name, address, including zip code,
New Orleans, Louisiana 70170
and telephone number, including
area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount
to be
Registered
Proposed Maximum
Offering Price
Per Unit
Proposed Maximum
Aggregate Offering
Price
Amount of
Registration
Fee
Common Stock, no par value
250,000 shares
$1.09
(1)
$272,500
(1)
$25.07
Preferred Stock Purchase Rights
(2)
$0
Total
250,000 shares
$1.09
$272,500
$25.07
(1)
Estimated solely for the purpose of calculating the registration fee pursuant
  to Rules 457(c), based upon the average of the high and low price per share of
  Common Stock on the American Stock Exchange on February 11, 2003, in accordance with Rule 457(c).
(2)
Rights are attached to and trade with the Common Stock
  of the Registrant. Value attributable to such Rights, if any, is reflected in
  the market price of the Common Stock. Because no separate consideration is
  paid for such Rights, the registration fee for such securities is included in
  the fee for the Common Stock.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 3.
Incorporation of Documents by Reference.
The following documents, which have been filed by
Piccadilly Cafeterias, Inc. (the "Company") with the Securities and Exchange
Commission (the "Commission"), are incorporated herein by reference:
(a)
The Company's Annual Report on Form 10-K for the fiscal year ended July 2,
    2002;
(b)
All other reports filed by the Company with the Commission pursuant to
    Section 13 of the 1934 Act since the end of the fiscal year covered by the
    Annual Report referred to in (a) above; and
(c)
The description of
        the Company's Common Stock and the Preferred Stock Purchase Rights
        contained in the Company's registration statement pursuant to which the
        Company's shares of Common Stock were registered under Section 12(g) of
        the Securities Exchange Act of 1934, and any amendment or report filed
        for the purpose of updating such description.
All documents filed by the Company with the Commission
pursuant to Sections 13, 14 or 15(d) of the Exchange Act subsequent to the date
of this Registration Statement and prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which
deregisters all securities then remaining unsold shall be deemed to be
incorporated by reference in this Registration Statement and to be made a part
hereof from the date of filing of such documents. Information incorporated
herein by reference is not necessarily complete and is qualified in its entirety
by the information and financial statements appearing in all of the documents
incorporated herein by reference and should be read together therewith. Any
statement contained in a document incorporated or deemed to be incorporated by
reference shall be deemed to be modified or superseded to the extent that any
other document subsequently filed or incorporated by reference herein modifies
or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.
Item 4.
Description of Securities
.
Not applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 83 of the Louisiana Business Corporation Law provides
in part that a corporation may indemnify any director, officer, employee or
agent of the corporation against expenses (including attorneys' fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred
by him in connection with any action, suit or proceeding to which he is or was a
party or is threatened to be made a party (including any action by or in the
right of the corporation) if such action arises out of his acts on behalf of the
corporation and he acted in good faith and in a manner he reasonably believed to
be in or not opposed to the best interests of the corporation, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his
conduct was unlawful. Indemnification is not permitted for willful or
intentional misconduct unless a court determines that despite the adjudication
of liability, in view of all the circumstances, the indemnified person is
entitled to indemnity.
Section 6.10 of the Company's by-laws provides for mandatory
indemnification for directors and officers or former directors and officers of
the Company to the extent permitted by Louisiana law. In addition, the Company
has entered into Indemnity Agreements with each of its directors and officers.
Neither the indemnification provisions of the Louisiana
Business Corporation Law, the mandatory indemnification provided by the
Company's by-laws, nor the terms of the Indemnity Agreements are exclusive of
any other rights under any law, agreement or authorization of shareholders or
directors. In addition, a corporation has the power to obtain and maintain
insurance, or to create a form of self-insurance on behalf of any person who is
or was acting for the corporation, regardless of whether the corporation has the
legal authority to indemnify the insured person against such liability. The
Company maintains an insurance policy covering the liability of its directors
and officers for actions taken in their official capacities.
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Company pursuant to the foregoing provisions, or otherwise, the
Company has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is therefore unenforceable.
Item 7.
Exemption From Registration Claimed
.
Not applicable.
Item 8.
Exhibits.
5
Opinion of Jones, Walker, Waechter, Poitevent,
        Carrère & Denègre, L.L.P.
23.1
Consent of
        Ernst & Young LLP
23.2
Consent of Counsel (included in Exhibit 5)
24
Power of Attorney (included on the signature page of this Registration
    Statement)
Item 9.
Undertakings.
1.
The undersigned registrant hereby undertakes:
(a)            To file, during any period in which offers or sales are being made, a
    post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising
after the effective date of the Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information set forth in the Registration
Statement;
(iii)
To include any material information with respect to the
plan of distribution not previously disclosed in the Registration Statement or
any material change to such information in the Registration Statement;
provided, however, that paragraphs 1(a)(i) and 1(a)(ii) do
not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference herein.
(b)
That, for the purpose of determining any liability under
the Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered herein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
(c)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
(2)
The undersigned registrant hereby undertakes that, for
purposes of determining any liability under the Securities Act of 1933, each
filing of the registrant's annual report pursuant to section 13(a) or section
15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(3)
Insofar as indemnification for liabilities arising under
the Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing provisions, or
otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or
proceedings) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Securities
Act of 1933 and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of
1933, the Registrant certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Baton Rouge, State of Louisiana, on January 21,
2003.
PICCADILLY CAFETERIAS, INC.
By:
/s/
Ronald A. LaBorde
Ronald A. LaBorde
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose
signature appears immediately below constitutes and appoints Ronald A. LaBorde
and Mark L. Mestayer or either of them, his true and lawful attorney-in-fact and
agent, with full power of substitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all amendments (including
post-effective amendments) to this Registration Statement, and to file the same
with all exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or
cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933,
as amended, this Registration Statement has been signed by the following persons
in the capacities and on the dates indicated.
Signature
Title
Date
/s/Joseph H. Campbell, Jr.
Chairman of the Board
January
21, 2003
Joseph H. Campbell, Jr.
/s/
Ronald A. LaBorde
Chief Executive Officer
January
21, 2003
Ronald A. LaBorde
and Director
(Principal Executive Officer)
/s/
Mark L. Mestayer
Executive Vice President, Treasurer
February
12, 2003
Mark L. Mestayer
and Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
/s/
Robert P. Guyton
Director
January
21, 2003
Robert P. Guyton
/s/
Christel C. Slaughter
Director
January
24, 2003
Christel C. Slaughter
/s/
Dale E. Redman
Director
January
24, 2003
Dale E. Redman
/s/
James
F. White, Jr.
Director
January
21, 2003
James
F. White, Jr.
/s/
James A. Perkins
Director
January
27, 2003
James A. Perkins
/s/
C. Ray Smith
Director
January
21, 2003
C. Ray Smith