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
                                January 27, 2003
                                ----------------


                        FARMERS CAPITAL BANK CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Kentucky
                  --------------------------------------------
                  State or other jurisdiction of incorporation


        0-14412                                         61-1017851
----------------------------------------   ------------------------------------
(Commission File Number)                   (I.R.S. Employer Identification No.)

P.O. Box 309
Frankfort, Kentucky                                       40602
----------------------------------------   ------------------------------------
(Address of principle executive offices)                 (Zip Code)


               Registrant's telephone number, including area code:
                                 (502) 227-1600


                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)







                              Item 5. Other Events

                                  NEWS RELEASE
                                January 27, 2003

         Farmers Capital Bank Corporation Announces Stock Purchase Plan

Frankfort,  Kentucky - Farmers Capital Bank Corporation  announced today that it
intends to purchase up to 300,000 shares of its outstanding  common stock.  This
is in  addition  to the stock  purchase  plans  announced  on July 25,  2000 and
November 9, 1998 to purchase  500,000 and 400,000  shares,  respectively.  Under
these  previously  announced  plans  898,403  shares  have been  purchased.  The
purchases will be dependent on market conditions and there is no guarantee as to
the exact  number of shares to be purchased  by the  Company.  Shares  purchased
would be used for general corporate purposes.

Consistent  with the  objective of  maximizing  shareholder  value,  the Company
considers the purchase of its  outstanding  shares in the current price range to
be a good investment of the Company's available funds.

As of January 26, 2003 there were 6,792,014 shares of the Company's common stock
outstanding.

Farmers Capital Bank Corporation is a financial holding company headquartered in
Frankfort, Kentucky. The Company operates 23 banking locations in 13 communities
throughout  Kentucky,  a leasing  company,  a data  processing  company,  and an
insurance company.  Its stock is publicly traded on the National  Association of
Securities  Dealers  Automated  Quotation System (NASDAQ)  SmallCap Market tier,
under the symbol: FFKT.


SIGNATURES

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

                                        Farmers Capital Bank Corporation



January 28, 2003                        By:/s/ G. Anthony Busseni
                                           ------------------------------------
                                           G. Anthony Busseni
                                           President and Chief Executive Officer