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

                                    FORM 10-Q

[x]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
     ACT OF 1934

     For the quarterly period ended March 31, 2000

                                       OR

[ ]  TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE
SECURITIES
     EXCHANGE ACT OF 1934

 For the transition period from ______________________ to ______________________

                        Commission File Number 333-68363


                            CAPITOL FEDERAL FINANCIAL
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

        United States                                          48-1212142
--------------------------------------------------------------------------------
(State or other jurisdiction of                               (IRS Employer
incorporation or organization)                            Identification Number)

700 Kansas Avenue, Topeka, Kansas                                 66603
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code:  (785) 235-1341
                                                     --------------

     Indicate  by check  mark  whether  the  issuer  (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934 during the preceding 12 months (or for such shorter  period that the issuer
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days. Yes [X] No [ ]

               Transitional Small Business Format: Yes [ ] No [X]

     Indicate the number of shares  outstanding of each of the issuer's  classes
of common stock, as of the latest practicable date.

              Common Stock                           86,307,366
              ------------                      ------------------
                 Class                          Shares Outstanding
                                                as of May 15, 2000






<PAGE>
<TABLE>
<CAPTION>


                                    FORM 10-Q
                            Capitol Federal Financial
                                      INDEX



                                                                                              Page
PART I -- FINANCIAL INFORMATION                                                              Number
<S>                                                                                            <C>
Item 1.  Financial Statements
         Consolidated Balance Sheets at March 31, 2000 and September 30, 1999                   3
         Consolidated Statements of Income for the three and six months ended                   4
          March 31, 2000 and March 31, 1999
         Consolidated Statement of Stockholders' Equity for the six months ended                5
          March 31, 2000
         Consolidated Statements of Cash Flows for the six months ended March 31, 2000          6
          and March 31, 1999
         Notes to Consolidated Interim Financial Statements                                     8
Item 2.  Management's Discussion and Analysis of Financial Condition and Results of             13
          Operations
Item 3.  Quantitative and Qualitative Disclosures about Market Risk                             20

PART II -- OTHER INFORMATION
Item 1.  Legal Proceedings                                                                      21
Item 2.  Changes in Securities and Use of Proceeds                                              21
Item 3.  Defaults Upon Senior Securities                                                        21
Item 4.  Submission of Matters to a Vote of Security Holders                                    21
Item 5.  Other Information                                                                      21
Item 6.  Exhibits and Reports on Form 8-K                                                       21

Signature Page                                                                                  22

</TABLE>

                                        2

<PAGE>

<TABLE>
<CAPTION>


                         PART 1 -- FINANCIAL INFORMATION

                    CAPITOL FEDERAL FINANCIAL AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                             (dollars in thousands)


                                                                                   March 31,            September 30,
                                                                                      2000                  1999
                                                                                 ------------          --------------
                                                                                  (Unaudited)
<S>                                                                              <C>                   <C>
ASSETS:
Cash and cash equivalents                                                        $  111,349            $   22,275
Investment securities held to maturity (market value of $14,539                      15,100
15,100
 and $14,754)
Capital stock of Federal Home Loan Bank                                             120,500                68,336
Mortgage-related securities:
   Available-for-sale(amortized cost of $990,430 and $1,129,995)                    984,397
1,136,776
   Held-to-maturity (market value of $1,545,319 and $914,820)                     1,597,645
939,492
Loans held for sale, net                                                              6,140                 3,651
Loans receivable, net                                                             4,704,045             4,291,288
Premises and equipment                                                               24,511                24,046
Real estate owned, net                                                                  963                 1,073
Accrued interest receivable                                                          38,415                32,845
Other assets                                                                          4,141                 4,433
                                                                                 ----------            ----------
TOTAL ASSETS                                                                     $7,607,206            $6,539,315
                                                                                 ==========            ==========

LIABILITIES AND STOCKHOLDERS' EQUITY:
Deposits                                                                         $3,979,336            $3,899,565
Advances from Federal Home Loan Bank                                              2,375,000
1,345,000
Securities sold under agreement to repurchase                                       175,000               175,000
Advance payments by borrowers for taxes and insurance                                29,223
37,422
Deferred income taxes                                                                 8,924                13,779
Accounts payable and accrued expenses                                                28,281                22,035
                                                                                 ----------            ----------
   Total liabilities                                                              6,595,764             5,492,801

COMMITMENTS AND CONTINGENCIES (NOTE 11)

STOCKHOLDERS' EQUITY:
Preferred stock ($0.01 par value) 50,000,000 shares                                       0                     0
 authorized; none issued
Common stock ($0.01 par value) 450,000,000 authorized;                                  915
915
 91,512,287 shares issued as of March 31, 2000 and September 30, 1999
Additional paid in capital                                                          384,834               384,864
Retained earnings                                                                   714,652               684,761
Accumulated other comprehensive income                                               (3,756)                4,204
Unearned compensation, Employee Stock Ownership Plan                                (27,240)
(28,230)
Less shares held in treasury: 5,897,921 shares at cost                              (57,963)                    0
                                                                                 ----------            ----------
   Total stockholders' equity                                                     1,011,442             1,046,514
                                                                                 ----------            ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                       $7,607,206
       $6,539,315
                                                                                 ==========            ==========

</TABLE>

See accompanying notes to consolidated interim financial statements.



                                                           3

<PAGE>

<TABLE>
<CAPTION>

                                         CAPITOL FEDERAL FINANCIAL AND SUBSIDIARY
                                            CONSOLIDATED STATEMENTS OF INCOME
                                                       (Unaudited)



                                                                  Three Months Ended                   Six Months Ended
                                                                       March 31,                           March 31,
                                                                ------------------------          --------------------------
                                                                 2000             1999              2000              1999
                                                                -------          -------          --------          --------
<S>                                                            <C>              <C>              <C>               <C>
INTEREST AND DIVIDEND INCOME:
Loans receivable                                                $82,324          $70,236          $161,304
$140,182
Mortgage-related securities                                      38,708           22,827            71,675
39,070
Investment securities                                               230                -               470               765
Securities purchased under agreement to resell                        -            1,206                 -
3,894
Cash and cash equivalents                                           893              662             1,316             1,763
Capital stock of Federal Home Loan Bank                           1,722              859             3,089
 1,535
                                                                -------          -------          --------          --------
   Total interest and dividend income                           123,877           95,790           237,854
187,209

INTEREST EXPENSE:
Deposits                                                         50,175           49,498            99,909            99,830
Borrowings                                                       31,997           12,048            55,418            21,928
                                                                -------          -------          --------          --------
   Total interest expense                                        82,172           61,546           155,327
121,758
                                                                -------          -------          --------          --------
Net interest and dividend income                                 41,705           34,244            82,527
65,451
Provision for loan losses                                           250              135               494               135
                                                                -------          -------          --------          --------
   Net interest and dividend income after
         provision for loan losses                               41,455           34,109            82,033
65,316

OTHER INCOME:
Automated teller and debit card transaction fees                  1,188              889             2,439
 1,762
Checking account transaction fees                                   735              637             1,536
1,389
Loan fees                                                           397              467               809               996
Insurance commissions                                               469              455               896               799
Other, net                                                          655              840             1,179             1,451
                                                                -------          -------          --------          --------
   Total other income                                             3,444            3,288             6,859             6,397

OTHER EXPENSES:
Salaries and employee benefits                                    8,063            9,833            16,292
16,193
Occupancy of premises                                             2,278            2,066             4,893
4,431
Office supplies and related expenses                                722              820             1,553
1,570
Deposit and loan transaction fees                                   943              977             1,857
1,928
Advertising                                                         720              652             1,193             1,028
Federal insurance premium                                           211              599               807             1,169
Contribution to Foundation                                            -           30,231                 -            30,231
Other, net                                                        1,352              826             2,571             1,723
                                                                -------          -------          --------          --------
   Total other expenses                                          14,289           46,004            29,166
58,273
                                                                -------          -------          --------          --------
Income before income tax expense                                 30,610          (8,607)            59,726
13,440

Income tax expense                                               11,555          (3,266)            22,547
5,289
                                                                -------          -------          --------          --------
NET INCOME                                                      $19,055         $(5,341)           $37,179
$8,151
                                                                =======         ========           =======
======

</TABLE>

See accompanying notes to consolidated interim financial statements.



                                        4

<PAGE>

<TABLE>
<CAPTION>

                                             CAPITOL FEDERAL FINANCIAL AND SUBSIDIARY
                                          CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                                           (Unaudited)


                                                                                   Accumulated
                                                                                     Other       Unearned
                                                         Additional    Retained    Comprehen-    Compen-
                                               Common     Paid-In      Earnings      sive        sation       Treasury
                                                Stock     Capital                    Income       (ESOP)       Stock
Total

-------------------------------------------------------------------------------------
<S>                                             <C>       <C>         <C>           <C>         <C>           <C>       <C>

Balance at October 1, 1999                       $915      $384,864    $684,761       $4,204     $(28,230)
      -    $1,046,514
Comprehensive Income:                               -             -           -            -            -           -
     Net income                                     -             -      37,179            -            -           -        37,179
     Other Comprehensive income -
     Change in unrealized gains on mortgage-
      related securities available-for-sale, net
      of deferred taxes of $(4,854)                 -             -           -       (7,960)           -           -
(7,960)
Total Comprehensive income
29,219

Repurchase of common stock, at cost                 -             -           -            -            -     (57,963)
(57,963)
Common stock committed to be released for
  allocation - Employee Stock Ownership
  Plan                                              -             -           -            -          990           -           990
Decrease in fair market value of Employee
  Stock Ownership Plan shares committed
  to be released for allocation                     -           (30)          -            -            -           -           (30)
Dividends on common stock to stockholders
  ($0.21 per share)                                 -             -     (7,288)            -            -           -        (7,288)

-------------------------------------------------------------------------------------
         TOTAL                                   $915      $384,834    $714,652     $(3,756)     $(27,240)
(57,963)    $1,011,442

=====================================================================
================

</TABLE>

See accompanying notes to consolidated interim financial statements.



                                        5

<PAGE>

<TABLE>
<CAPTION>

                    CAPITOL FEDERAL FINANCIAL AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                                             For Six Months Ended March 31,
                                                                             ------------------------------
                                                                                 2000              1999
                                                                             -----------        ----------
<S>                                                                          <C>                <C>
Net income                                                                   $    37,179        $    8,151

Adjustments to reconcile net income to net cash provided by operating
 activities:

Federal Home Loan Bank stock dividends                                            (1,367)           (1,535)
Amortization of net deferred loan origination fees                                   (16)           (5,255)
Provision for loan losses                                                            494               135
Provision for losses on real estate owned                                              0                 0
Net loan origination fees capitalized                                              1,876             5,954
Gain on sales of real estate owned, net                                             (106)               57
Originations of loans held for sale                                               (2,602)              500
Proceeds from sales of loans held for sale                                             0            12,976
Amortization and accretion of premiums and discounts on
 mortgage related securities and investment securities                               194             2,023
Depreciation and amortization on premises & equipment                              2,034             1,637
Provision (benefit) for deferred income taxes                                          0           (11,488)
Termination of Pension Plan                                                            0             1,600
Decrease in fair market value of Employee stock Ownership
Plan shares committed to be released for allocation                                  (30)                0
Amortization of unearned compensation - ESOP                                         990             1,049
Changes in:
    Accrued interest receivable                                                   (5,570)           (1,033)
    Other assets                                                                     405            (7,618)
    Income taxes payable                                                           2,971            (1,468)
    Accounts payable and accrued expenses                                          3,282             1,863
                                                                             -----------        ----------
            Net cash provided by operating activities                             39,734             7,548

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from maturities of investment securities                                      0           160,470
Purchases of investment securities                                               (50,797)                0
Purchases of securities under agreement to resell                                      0        (1,383,410)
Principal collected on mortgage-related securities available-                    139,382           316,571
 for-sale
Purchases of mortgage-related securities available-for-sale                            0        (1,010,909)
Principal collected on mortgage-related securities held-to-                       72,836           216,068
 maturity
Purchases of mortgage-related securities held-to-maturity                       (731,001)         (178,960)
Loan originations net of principal collected on loans                           (180,095)         (112,083)
 receivable
Purchases of loans receivable                                                   (236,673)          (50,731)
Purchases of premises and equipment, net                                          (2,499)           (2,756)
Proceeds from sales of real estate owned                                           1,866               361
                                                                             -----------        ----------
         Net cash used in investing activities                                  (986,981)       (2,045,379)

                                       6
<PAGE>



CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends Paid                                                                    (7,288)                0
Deposits, net of payments                                                         79,770            56,104
Proceeds from advances from Federal Home Loan Bank                             1,598,000
300,000
Repayments on advances from Federal Home Loan Bank                              (568,000)
(300,000)
Proceeds from securities sold under agreement to repurchase                            0         1,618,410
Proceeds from stock issuance, net                                                      0           355,295
Payments for the repurchase of common stock                                      (57,963)                0
Advance payments by borrowers for taxes and insurance                             (8,198)             (362)
   Net cash provided by financing activities                                   1,036,321         2,029,447
                                                                             -----------        ----------
NET INCREASE (DECREASE) IN CASH AND CASH                                          89,074
(8,384)
 EQUIVALENTS
CASH AND CASH EQUIVALENTS:
Beginning of Period                                                          $    22,275           $24,454
                                                                             -----------        ----------
End of Period                                                                $   111,349        $   16,070
                                                                             ===========        ==========
SUPPLEMENTAL SCHEDULE OF NON-CASH
INVESTING AND FINANCING TRANSACTIONS:
   Note received from ESOP in exchange for stock                                                $   30,246
                                                                                                ==========
</TABLE>

See accompanying notes to consolidated interim financial statements.






                                        7

<PAGE>



NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS


1. BASIS OF FINANCIAL STATEMENT PRESENTATION AND SIGNIFICANT
ACCOUNTING POLICIES
The  accompanying  consolidated  interim  financial  statements were prepared in
accordance with accounting  principles,  generally accepted in the United States
of America ("GAAP").  Accordingly,  they do not include information or footnotes
necessary  for  a  complete  presentation  of  financial  position,  results  of
operations  and  cash  flows in  conformity  with  GAAP.  However,  all  normal,
recurring  adjustments which, in the opinion of management,  are necessary for a
fair presentation of the consolidated  interim financial  statements,  have been
included.  These  financial  statements  should be read in conjunction  with the
audited  consolidated  financial statements and the notes thereto for the period
ended September 30, 1999 contained in the Company's  Annual Report dated for the
fiscal year ended September 30, 1999. The results for the six months ended March
31, 2000 are not necessarily  indicative of the results that may be expected for
the year ended September 30, 2000.


In preparing the financial statements,  management is required to make estimates
and assumptions that affect the reported amounts of assets and liabilities as of
the date of the balance sheet and revenues and expenses for the period. Material
estimates  that  are  particularly  susceptible  to  significant  change  in the
near-term relate to the  determination of the allowances for losses on loans and
real estate owned. While management believes that these allowances are adequate,
future additions to the allowances may be necessary based on changes in economic
conditions.

2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
On March 31, 1999,  Capitol  Federal  Financial  (the  "Company")  completed the
reorganization  of Capitol  Federal  Savings and Loan  Association,  a federally
chartered  mutual  savings and loan ("Capitol  Federal  Savings" or the "Bank"),
into the federal  mutual  holding  company form of  ownership,  whereby the Bank
converted  into a  federally  chartered  stock  savings  bank as a wholly  owned
subsidiary of the Company, and the Company became a majority-owned subsidiary of
Capitol Federal Savings MHC, a federally  chartered  mutual holding company (the
"MHC")  (the  "Reorganization").  In  connection  with the  Reorganization,  the
Company sold  37,807,183  shares of Company  common  stock,  par value $0.01 per
share ("Company Common Stock") at $10.00 per share,  which net of issuance costs
generated  proceeds of $355.5 million,  including shares issued to the ESOP. The
Company  also issued  52,192,817  shares of Company  Common Stock to the MHC. In
addition,  the Company  established an ESOP for the employees of the Company and
the Bank which became effective with the completion of the Reorganization.

Additional information regarding the Reorganization is included in the Company's
Registration Statement on Form S-1 filed on December 4, 1998, as amended.



                                        8

<PAGE>



3.     LOAN PORTFOLIO
The  following  table  presents  the  Company's  loan  portfolio  at  the  dates
indicated.

<TABLE>
<CAPTION>

                                                    March 31, 2000                     September 30, 1999
                                               ----------------------------       -----------------------------
                                                  Amount         Percent            Amount           Percent
                                                  ------         -------            ------           -------
<S>                                             <C>              <C>              <C>                <C>
Real Estate Loans:
One- to four-family                              $4,474,912       94.33%           $4,083,148         94.10%
Multi-family                                         34,777        0.73                31,114          0.72
Commercial                                           13,497        0.28                11,415          0.26
Construction or development                          50,839        1.08                56,660          1.30
                                                 ----------------------------------------------------------
Total real estate loans                           4,574,025       96.42             4,182,337         96.38

Other Loans:
Consumer loans:
    Savings loans                                    14,353        0.30                15,281          0.35
    Student                                          18,151        0.38                16,424          0.38
    Home improvement                                  2,319        0.05                 2,072          0.05
    Automobile                                        9,689        0.20                 7,122          0.16
    Home equity                                     124,666        2.63               115,779          2.67
    Other                                               731        0.02                   330          0.01
                                                 ----------------------------------------------------------
Total consumer loans                                169,909        3.58               157,008          3.62

Total other loans                                   169,909        3.58               157,008          3.62
                                                 ----------------------------------------------------------
Total loans receivable                            4,743,934      100.00%            4,339,345        100.00%

Less:
Loans in process                                     19,770                            29,043
Deferred fees and discounts                          15,253                            14,607
Allowance for losses                                  4,866                             4,407
                                                 ----------                        ----------
Total loans receivable, net                      $4,704,045                        $4,291,288
                                                 ==========                        ==========
</TABLE>


                                                           9

<PAGE>



4.  NON-PERFORMING LOANS
The following  table  presents the  Company's  non-performing  loans,  including
non-accrual loans and real estate owned, at the dates indicated.


                                                 March 31,         September 30,
                                                   2000                1999
                                                 ---------         -------------
Non-accruing loans:
One-to four-family                               $5,188               $4,921
Multi-family                                        ---                   --
Commercial real estate                              ---                   --
Construction or development                         ---                   --
Consumer                                            104                   55
Commercial business                                 ---                  ---
                                                 ---------------------------
Total                                            $5,292               $4,976
                                                 ===========================
Accruing loans delinquent more than 90 days:
One- to four-family                                 ---                  ---
Multi-family                                        ---                  ---
Commercial real estate                              ---                  ---
Construction or development                         ---                  ---
Consumer                                            ---                  ---
Commercial business                                 ---                  ---
                                                 ---------------------------
Total                                               ---                  ---
                                                 ===========================
Real Estate Owned:
One- to four-family                                $963               $1,073
Multi-family                                        ---                  ---
Commercial real estate                              ---                  ---
Construction or development                         ---                  ---
Consumer                                            ---                  ---
Commercial business                                 ---                  ---
                                                 ---------------------------
Total                                              $963               $1,073
                                                 ===========================
Total non-performing assets                      $6,255               $6,049
                                                 ===========================
Total as a percentage of total assets             0.08%                0.09%
                                                 ===========================



                                       10

<PAGE>



5.  ALLOWANCE FOR LOAN LOSSES
The following table presents the Company's activity for loan losses at the dates
and for the periods indicated.

<TABLE>
<CAPTION>

                                                For the quarter ending             For the six months ending
                                                       March 31,                            March 31,
                                                ----------------------             -------------------------
                                                2000              1999               2000              1999
                                                ----              ----               ----              ----
<S>                                           <C>                <C>               <C>               <C>
Balance at the beginning of period             $4,617             $4,081            $4,407            $4,081

Charge offs:
One- to four-family                               ---                 33                33                33
Multi-family                                      ---                ---               ---               ---
Commercial real estate                            ---                ---               ---               ---
Construction or development                       ---                ---               ---               ---
Consumer                                            2                  8                 3                 8
Commercial business                               ---                ---               ---               ---
                                               -------------------------------------------------------------
Total charge-offs                                   2                 41                36                41

Recoveries:
One- to four-family                               ---                ---               ---               ---
Multi-family                                      ---                ---               ---               ---
Commercial real estate                            ---                ---               ---               ---
Construction or development                       ---                ---               ---               ---
Consumer                                            1                ---                 1               ---
Commercial business                               ---                ---               ---               ---
                                               -------------------------------------------------------------
Total recoveries                                    1                ---                 1               ---

Net charge-offs                                     1                 41                35                41
Additions charged to operations                   250                135               494               135
                                               -------------------------------------------------------------
Balance at end of period                       $4,866             $4,175            $4,866            $4,175

=============================================================

</TABLE>

6.  DEPOSITS SAVINGS PORTFOLIO
The table below presents the Company's savings portfolio at the dates indicated.

<TABLE>
<CAPTION>

                                                    March 31, 2000                     September 30, 1999
                                             --------------------------------------------------------------------
                                               Amount       Percent of Total        Amount       Percent of Total
                                             ----------     ----------------     ----------      ----------------
<S>                                         <C>                <C>              <C>                  <C>
Demand deposits                              $  319,894          8.04%           $  278,722            7.15%
Passbook and passcard                           120,818          3.04               123,479            3.17
Money market select                             342,176          8.60               322,660            8.27
Cash fund                                       193,165          4.85               201,275            5.16
Certificates                                  3,003,283         75.47             2,973,429           76.25
                                             --------------------------------------------------------------------
Total deposits                               $3,979,336        100.00%          $3,899,565           100.00%

=====================================================================
====

</TABLE>

                                                           11

<PAGE>



7.   EARNINGS PER SHARE
Earnings per share for the quarter ended March 31, 2000 were $0.22 per share and
$0.43 per share  year-to-date.  The Company  accounts for the  3,024,574  shares
acquired by its  Employee  Stock  Ownership  Plan  ("ESOP") in  accordance  with
Statement of Position 93-6;  shares controlled by the ESOP are not considered in
the weighted  average  shares  outstanding  until the shares are  committed  for
allocation   to  an   employee's   individual   account.   The  following  is  a
reconciliation  of the  numerators  and  denominators  of the basic and  diluted
earnings per share calculations.



                                   Three Months Ended       Six Months Ended
                                     March 31, 2000           March 31, 2000
                                   ------------------       -----------------
Net Income                            $    19,055              $     37,179

Weighted average common shares         84,458,128                86,207,728
Allocated ESOP shares                     252,602                   227,256
                                      -----------              ------------
Total basic and diluted weighted
    average common shares              84,710,730                86,434,984
                                      ===========              ============

Net earnings per share
    Basic                             $      0.22              $       0.43
    Diluted                           $      0.22              $       0.43


8.   EQUITY
At March 31, 2000, the Bank exceeded all minimum  regulatory  requirements for a
well  capitalized  institution,  with tangible  capital at 12.5% and  risk-based
capital of 29.5%.  The Company declared an $0.11 per share dividend on April 18,
2000 to holders of record on May 5, 2000,  payable on May 19,  2000.  During the
quarter  ended  March 31,  2000 the Company  purchased  3,557,921  shares of its
publicly  traded stock in the open market at an average cost of $9.53 per share.
At March 31, 2000,  the Ccompany had 5,897,921  shares of treasury  stock.  Book
value per share at March 31,  2000 was  $12.20.  At March 31,  2000  there  were
82,892,250 shares outstanding.


9.   RECENT ACCOUNTING PRONOUNCEMENTS
In June  1998,  the  FASB  issued  SFAS  No.  133.  "Accounting  for  Derivative
Instruments and instruments including certain derivative instruments embedded in
other  contracts   (collectively   referred  to  as  derivatives)   and  hedging
activities.  The Statement  requires an entity to recognize all  derivatives  as
either assets or liabilities in the statement of financial  position and measure
those  instruments  at fair value.  The Statement is effective for the Company's
financial statements for the fiscal year ending September 30, 2000. The adoption
of this  Statement  is not  expected to have  material  impact on the  Company's
consolidated financial statements.

10.  COMPREHENSIVE INCOME
The only component of other comprehensive  income is the change in the estimated
fair value of mortgage-related securities available-for-sale.  This component of
comprehensive  loss was $6.1  million for the three  months ended March 31, 2000
and $8.0 million for the six months ended March 31, 2000.

11.   COMMITMENTS AND CONTINGENCIES
In the normal  course of business,  the Company and its  Subsidiaries  are named
defendants in various lawsuits and counter claims. In the opinion of management,
after consultation with legal counsel,  none of the suits will have a materially
adverse effect on the financial position or results of the Company.



                                       12

<PAGE>



ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS
        OF OPERATIONS

Except for the  historical  information  contained in this  filing,  the matters
discussed may be deemed to be forward-looking statements,  within the meaning of
the Private  Securities  Litigation  Reform Act of 1995,  that involve risks and
uncertainties,  including changes in economic conditions in the Company's market
area,  changes in  policies by  regulatory  agencies,  fluctuations  in interest
rates,  demand for loans in the Company's  market area,  competition,  and other
risks detailed from time to time in the Company's SEC reports. Actual strategies
and  results in future  periods  may  differ  materially  from  those  currently
expected.  These forward-looking  statements represent the Company's judgment as
of the date of this  release.  The  Company  disclaims,  however,  any intent or
obligation to update these forward-looking  statements.

The following  discussion is intended to assist in  understanding  the financial
condition and results of operations of Capitol Federal Financial. The discussion
includes  comments  relating to Capitol  Federal  Savings Bank since the Bank is
wholly owned by Capital  Federal  Financial and comprises the majority of assets
and sources of income for the Company.

FINANCIAL  CONDITION

ASSETS.  For the six month  period  ended March 31,  2000,  total  assets of the
Company increased $1.07 billion,  or 16.43%, from $6.54 billion at September 30,
1999 to $7.61 billion at March 31, 2000.  The increase  from  September 30, 1999
was  primarily  due to the  growth in the  Company's  loan and  mortgage-related
securities portfolio. This increase in total assets was distributed as follows:

o    $412.8 million,  or 9.6%,  increase in net loans receivable which increased
     from $4.29  billion at  September  30,  1999 to $4.70  billion at March 31,
     2000.

o    $505.8 million increase in mortgage-related  securities,  or 24.34%,  which
     increased  from $2.08  billion at  September  30, 1999 to $2.58  billion at
     March 31, 2000.

Total one- to four-family loan originations for the quarter ended March 31, 2000
were $186.5 million; and were $392.7 million year to date.  Refinancing of loans
already serviced by the Bank were 5.8% of loan  originations for the quarter and
6.1 % year  to  date.  Fixed-rate  loan  originations  accounted  for  44.7%  of
originations  for the quarter and 49.6% year to date.  Loans  purchased  totaled
$86.6 million for the quarter  ending March 31, 2000 and $236.7  million year to
date, all of which were adjustable  rate.  Total  originations of consumer loans
for the quarter ended March 31, 2000 were $32.9 million,  and $67.3 million year
to date. The Company expanded its capital  utilization  plan, during the quarter
ended March 31, 2000 by purchasing $323.2 million of mortgage-related securities
at a spread of 120 basis points over the cost of funding, year-to-date purchases
totaled $718.3 million of mortgage  related  securities at a spread of 116 basis
points over the cost of funding.  Mortgage-related  securities  purchased during
the  quarter  and  year-to-date  were  all  fixed  rate.

LIABILITIES.  Deposits increased $79.8 million,  or 2.01%, from $3.90 billion at
September  30,  1999,  to $3.98  billion at March 31,  2000.  This  increase was
attributable  to $88.1 million of interest  credits during the six month period.
Certificate  accounts  increased  in balance  over the period by $29.9  million.
Borrowings increased from September 30, 1999 by $1.03 billion, or 76.6% and were
used  primarily  to fund the  purchase of  mortgage-related  securities  and the
purchase of loans.  The average  rate paid on the  borrowings  year-to-date  was
5.81%.  Generally,  the borrowings have a ten year life and a call option on the
anniversary date at three or five years.

EQUITY.  Total stockholders'  equity decreased $35.1 million,  or (3.34)%,  from
$1.05 billion at September  30, 1999,  to $1.01  billion at March 31, 2000.  The
decrease was  attributable  to the purchase of Capitol  Federal  Financial stock
totaling $58.0 million, dividends paid of $7.3 million, and a change from a $4.2
million gain to a $3.8 million loss on securities available-for-sale,  offset by
year-to-date earnings of $37.2 million.


                                       13

<PAGE>

COMPARISON  OF  OPERATING  RESULTS FOR THE THREE MONTHS ENDED
MARCH 31, 2000 AND
1999

GENERAL.  For the three months ended March 31, 2000, the Company  recognized net
income of $19.1  million,  compared  to net loss of $5.3  million  for the three
months ended March 31, 1999.  In  conjunction  with the Bank's  conversion  from
mutual to stock form on March 31, 1999,  $30.2 million of the proceeds were used
to fund the Capitol Federal Foundation. Also in conjunction with the conversion,
the Company  recognized the expense of terminating the existing  pension plan of
$1.6 million and the establishment of the ESOP and accrued ESOP benefits of $1.0
million.  Excluding the conversion  related  expenses,  net income for the three
months ended March 31, 1999 was $15.0 million.  The Company's  efficiency  ratio
for the three months ended March 31, 2000 was 31.68%  compared to 35.01% for the
quarter ended March 31, 1999, excluding conversion related expenses.

NET INTEREST  INCOME.  Net interest  income for the three months ended March 31,
2000 was $41.7  million,  an  increase of $7.5  million,  or 21.9% from the same
period last year.  The increase was primarily the result of an increase of $1.69
billion in the balance of loans receivable and mortgage-related  securities from
$5.59  billion at March 31, 1999 to $7.29  billion at March 31, 2000 while total
interest bearing liabilities increased $1.90 billion from $4.63 billion at March
31, 1999 to $6.53 billion at March 31, 2000. The net interest  margin  decreased
12 basis points from 2.47% for the quarter ended March 31, 1999 to 2.35% for the
quarter ended March 31, 2000.  The Company's net interest rate spread  decreased
20 basis points from 1.80% for the quarter ended March 31, 1999 to 1.60% for the
quarter ended March 31, 2000.

INTEREST AND DIVIDEND  INCOME.  Interest income for the three months ended March
31, 2000 was $123.9 million, up from $95.8 million for the same period in fiscal
year 1999.  The  largest  component  of  interest  income is  interest on loans.
Interest on loans  increased from $70.2 million for the three months ended March
31,  1999 to $82.3  million for the three  months  ended  March 31,  2000.  This
increase of $12.1  million was the result of an increase in the average  balance
of loans which was  partially  offset by a decrease in the average yield earned.
The  average  balance  of loans  receivable  increased  $790.7  million to $4.60
billion for the three months ended March 31, 2000  compared to $3.81 billion for
the same period one year ago,  while the  average  yield on loans  decreased  22
basis  points to 7.16% for the  quarter  ended March 31, 2000 from 7.38% for the
quarter  ended March 31, 1999.  The yield on loans  receivable at March 31, 2000
was 7.20%.  The increase in interest on loans was supplemented by an increase in
interest on  mortgage-related  securities.  Interest income on  mortgage-related
securities  increased  $15.9  million from $22.8  million for the quarter  ended
March 31,  1999 to $38.7  million  for the quarter  ended  March 31,  2000.  The
average balance of  mortgage-related  securities  increased  $793.1 million from
$1.52  billion at March 31, 1999 to $2.32  billion at March 31, 2000,  while the
average yield increased from 5.99% for the quarter ended March 31, 1999 to 6.68%
for the quarter ended March 31, 2000. The yield on  mortgage-related  securities
at March 31, 2000 was 6.88%.  Investment securities income for the quarter ended
March 31, 2000 was $230,000.  The average  balance of investment  securities for
the quarter ended March 31, 2000 was $15.1 million  compared to $1.3 million for
the  quarter  ended March 31,  1999.  Dividends  earned on capital  stock of the
Federal  Home Loan Bank was $1.7  million for the quarter  ended March 31, 2000,
compared to $859,000  for the same period in fiscal year 1999.  The  increase is
due to the  increased  amount of stock held by the Bank in  accordance  with the
terms of advances from the Federal Home Loan Bank, Topeka ("FHLB").

INTEREST  EXPENSE.  Interest  expense  increased for the quarter ended March 31,
2000 to $82.2  million from $61.5  million for the same period in 1999.  For the
quarter  ended March 31, 2000  interest  expense on deposits  was $50.2  million
compared to $49.5  million for the quarter  ended March 31, 1999, an increase of
$677,000.  The  increase  was  due to an  increase  in  interest  rates  paid on
short-term deposits, an increase in the rate paid on money market accounts,  and
certificates  of deposit  maturing and renewing  into higher rate,  shorter term
accounts.  The average  balance of deposits  during the quarter  ended March 31,
2000 was $3.93 billion compared to $3.95 billion for the quarter ended March 31,
1999, a decrease of $16.6 million,  or (0.1)%. The average rate paid on deposits
for the quarter ended March 31, 2000 was 5.12% compared to 5.02% for the quarter
ended March 31, 1999,  an increase of 10 basis  points.  At March 31, 2000,  the
average  cost of deposits  was 5.17%.  Interest  expense on  borrowings  for the



                                       14

<PAGE>



quarter ended March 31, 2000 was $32.0 million compared to $12.0 million for the
quarter  ended March 31,  1999,  an increase of $20.0  million,  or 166.7%.  The
average  balance of  borrowings  for the quarter  ended March 31, 2000 was $2.15
billion  compared to $875.0  million for the quarter  ended March 31,  1999,  an
increase  of  $1.27  billion,  or  148.6%.  The  increase  is due to  additional
long-term fixed rate,  callable  advances from the FHLB and short-term  advances
being  taken  out  during  the  quarter   primarily  to  fund  the  purchase  of
mortgage-related  securities,  and the  origination  and purchase of loans.  The
average cost of the  borrowings  for the quarter  ended March 31, 2000 was 5.89%
compared to 5.51% for the quarter ended March 31, 1999. The average rate paid on
borrowings at March 31, 2000 was 6.02%.


PROVISION  FOR LOAN  LOSSES.  During  the  quarter  ended  March 31,  2000,  the
provision  for loan losses was  $250,000 an  increase of  $115,400,  compared to
$134,600  for the  quarter  ended  March  31,  1999.  Based  upon our  allowance
methodology,  the $250,000 provision was primarily due to the $165.2 million net
increase in the balance of one-to  four-family  real estate  mortgages  over the
previous  quarter,  which  resulted in  additional  provision of  $138,000.  The
balance of cConstruction loans increased $5.5 million over the previous quarter,
which  resulted  in  additional  provision  of  $52,000.  Assets  classified  as
substandard  increased  $927,000 over the previous  quarter,  which  resulted in
additional  provision of $60,000.  The 3.8% increase in one-to  four-family real
estate mortgages  resulted from loan origination  activity of $186.5 million and
loan purchases of $86.6 million during the current quarter,  primarily offset by
principal  repayments and loan payoffs.  The assessment of the estimated  losses
inherent  in the  loan  portfolio  resulting  from  the  allowance  methodology,
specific  allowances  for  identified  problem  loans  and  portfolio  segments,
indicated  that for the current  quarter the charge to the provision  expense is
adequate.

NONINTEREST  INCOME.  Total  noninterest  income for the quarter ended March 31,
2000 was $3.4  million,  up from $3.3  million for the  quarter  ended March 31,
1999. There were no significant  changes in noninterest  income for any category
for the quarter  ended March 31,  1999  compared to the quarter  ended March 31,
2000.

NONINTEREST  EXPENSE.  Total noninterest expense increased $1.2 million to $14.3
million for the quarter  ended March 31, 2000  compared to $13.1 million for the
same period in 1999,  excluding  conversion  related  expenses.  The increase in
noninterest  expense was the result of increases  in  personnel,  occupancy  and
other expenses offset by a decrease in federal insurance premiums. Personnel and
occupancy  increases were primarily the result of costs associated with the ESOP
and the operation of three new branch locations.

INCOME TAX  EXPENSE.  Income tax  expense  increased  from $9.2  million for the
quarter ended March 31, 1999, excluding the conversion related benefit, to $11.6
million for the quarter  ended March 31, 2000.  The increase is due primarily to
an increase in pre-tax earnings.

COMPARISON OF OPERATING RESULTS FOR THE SIX MONTHS ENDED MARCH 31,
2000 AND 1999

GENERAL.  For the six months ended March 31, 2000,  the Company  recognized  net
income of $37.2  million  compared  to net income of $28.5  million  for the six
months  ended  March  31,  1999,  excluding  conversion  related  expenses.  The
efficiency ratio, for the six months ended March 31, 2000 was 32.65% compared to
35.38% for the six months  ended March 31,  1999,  exclusive  of the  conversion
related expenses.

NET INTEREST INCOME. Net interest income for the six months ended March 31, 2000
was $82.5  million  compared to $65.5 million for the six months ended March 31,
1999,  an increase of $17.0  million,  or 26.0%.  The net  interest  rate spread
decreased  10 basis  points  from 1.74% at March 31,  1999 to 1.64% at March 31,
2000.

INTEREST AND DIVIDEND INCOME. Interest income for the six months ended March 31,
2000 was $237.9  million,  up from $187.2 million for the six months ended March
31,  1999.  The  largest  component  of  interest  income is  interest  on loans
receivable.  Interest on loans  increased from $140.2 million for the six months
ended March 31, 1999 to $161.3  million for the six months ended March 31, 2000.
This  increase  of $21.1  million  was the result of an  increase in the average
balance of loans  receivable,  which was  partially  offset by a decrease in the
average yield earned. The average balance of loans increased $733.6


                                       15

<PAGE>



million to $4.51  billion  for the six months  ended  March 31,  2000 from $3.78
billion for the six months  ended  March 31,  1999.  The average  yield on loans
decreased  28 basis points from 7.43% for the six months ended March 31, 1999 to
7.15% for the six months  ended March 31,  2000.  Interest  on  mortgage-related
securities  increased by $32.6 million, or 83.4%, from $39.1 million for the six
months ended March 31, 1999 to $71.7  million for the six months ended March 31,
2000,  primarily  as  a  result  of  an  increase  in  the  average  balance  of
mortgage-related  securities. The average balance of mortgage-related securities
increased $873.7 million,  or 66.7%, from $1.31 billion for the six months ended
March 31, 1999 to $2.18  billion for the six months ended March 31, 2000,  while
the average  yield for the six months  ended  March 31, 2000 was 6.56%,  up from
5.96% for the six months ended March 31, 1999. Dividends earned on capital stock
of the FHLB was $3.1 million for the six months  ended March 31, 2000,  compared
to $1.5 million for the same period in fiscal year 1999.  The increase is due to
the increas in  stock held by the bank in accordance  with the terms of advances
from the FHLB.

INTEREST  EXPENSE.  Interest expense increased during the six month period ended
March 31, 2000 to $155.3  million from $121.8  million for the six months ending
March 31, 1999.  Interest  expense on deposits  increased from $99.8 million for
the six months  ended March 31, 1999 to $99.9  million for the six months  ended
March 31,  2000,  a $79,000  increase,  or 0.1%.  The  average  cost of deposits
decreased  to 5.07% for the six months  ended  March 31, 2000 from 5.09% for the
six months  ended March 31,  1999,  or 2 basis  points.  The average  balance of
deposits  increased  $6.1  million,  from $3.92 billion for the six months ended
March 31,  1999 to $3.93  billion  for the six  months  ended  March  31,  2000.
Interest expense on borrowings  increased to $55.4 million from $21.9 million, a
$33.5 million increase,  or 153.0%. The average balance of borrowings  increased
from $774.0 million for the six months ended March 31, 1999 to $1.88 billion for
the six  months  ended  March  31,  2000,  primarily  to fund  the  purchase  of
mortgage-related  securities  and loan growth.  The average  cost of  borrowings
increased  from 5.67% for the six months  ended  March 31, 1999 to 5.81% for the
six months ended March 31, 2000.

PROVISION  FOR LOAN  LOSSES.  The  provision  for loan losses for the six months
ended March 31, 2000 of $494,000  resulted from the  assessment of the estimated
losses  inherent in the loan  portfolio  resulting  from the formula  allowance,
specific  allowances for identified  problem loans and portfolio  segments.  The
provision for loan losses for the six months ended March 31, 1999 was $134,600.

NONINTEREST  INCOME.  Total  noninterest  income for the six month  period ended
March 31, 2000 was $6.9  million,  up slightly from the $6.4 million for the six
month  period ended March 31,  1999,  primarily  as a result of  increased  fees
charged for ATM usage.

NONINTEREST EXPENSE.  Total noninterest expense decreased $29.1 million to $29.2
million for the six months ended March 31, 2000, down from $58.3 million for the
six months  ended  March 31,  1999.  The  decrease  in  noninterest  expense was
primarily  due  to  conversion  related  expenses.  However,  exclusive  of  the
conversion  related expenses,  noninterest  expense was up $3.8 million to $29.2
million for the six months  ended March 31, 2000  compared to $25.4  million for
the six months  ended March 31, 1999,  or 15.0%.  The increase was due to a $2.7
million  increase  in  compensation  related  expenses,  a $462,000  increase in
occupancy  expense  and a  $848,000  increase  in other  expenses.  Compensation
related  expenses  increased  primarily from ESOP charges,  operating  three new
branch  locations,  and  additional  loan and  support  staff.  The  increase in
occupancy related expenses is primarily related to the cost of leasing three new
locations,  and upgrades to computer systems.  The increase in other expenses is
primarily related to the operation of a publicly traded company.

INCOME TAX EXPENSE.  Income tax expense  increased from $5.3 million for the six
month  period  ended  March 31, 1999 to $22.5  million for the six months  ended
March 31, 2000.  Excluding  conversion  related  expenses and the associated tax
benefit, income tax expense increase from $17.8 million for the six month period
ended  March 31, 1999 to $22.5  million for the six month ended March 31,  2000.
The increase is primarily the result of an increase in pre-tax earnings.


                                       16

<PAGE>


                            LIQUIDITY AND COMMITMENTS

The  Bank's   liquidity,   represented   by  cash  and  cash   equivalents   and
mortgage-related  securities  available for sale, is a product of its operating,
investing  and financing  activities.  The Bank's  primary  sources of funds are
deposits,  prepayments and maturities of outstanding loans and  mortgage-related
securities, maturities of investment securities and other short-term investments
and  funds  provided  from  operations.   While  scheduled   payments  from  the
amortization of loans and  mortgage-related  securities and maturing  investment
securities and short-term  investments  are  relatively  predictable  sources of
funds,  deposit  flows and loan  prepayments  are greatly  influenced by general
interest rates, economic conditions and competition.  In addition,  excess funds
are invested in short-term  interest-earning  assets, which provide liquidity to
meet lending requirements. Rrepurchase agreements and FHLB advances are utilized
to  provide  funds for our  lending  and  investment  activities,  as a facet to
implement our capital  utilization plan, and as an interest rate risk management
tool.


Liquidity  management  is  both a  daily  and  long-term  function  of  business
management.  Excess  liquidity is generally  invested in short-term  investments
such as  overnight  deposits or U.S.  agency  securities.  We use our sources of
funds primarily to meet our ongoing commitments, to pay maturing certificates of
deposit and savings  withdrawals,  to fund loan  commitments and to maintain our
portfolio of mortgage-related securities and investment securities. At March 31,
2000 the Bank had an outstanding  commitment  of $35.0  million,  to  purchase a
mortgage-related  security,  which it subsequently purchased. At March 31, 2000,
the  total  approved  loan  origination  and  purchase  commitments  outstanding
amounted  to  $387.5  million.  At the same  date,  the  unadvanced  portion  of
construction  loans was $19.8  million.  Unused home equity lines of credit were
$163.8  million as of March 31, 2000 and  outstanding  letters of credit totaled
$1.1 million.  Certificates of deposit  scheduled to mature in one year or less,
totaled $1.59 billion. Based on historical experience,  management believes that
a  significant  portion of maturing  deposits will remain with us. We anticipate
that we will continue to have sufficient funds, through deposits and borrowings,
to meet our current commitments.

                                     CAPITAL

Consistent  with  our  goals  to  operate  a  sound  and  profitable   financial
organization,  we actively seek to maintain a "well capitalized"  institution in
accordance  with regulatory  standards.  Total equity was $1.01 billion at March
31, 2000, or 13.3% of total assets on that date. As of March 31, 2000,  the Bank
exceeded  all  capital  requirements  of the Office of Thrift  Supervision.  The
Bank's  regulatory  capital  ratios at March 31,  2000 were as  follows:  Tier I
(leverage)  capital,   12.5%;  Tier  I  risk-based  capital,  29.4%;  and  total
risk-based capital,  29.5%. The regulatory capital requirements to be considered
well capitalized are 5.0%, 6.0%, and 10.0%, respectively.

During the  quarter  ended March 31,  2000 the  Company  completed  repurchasing
common  stock  after  receiving   regulatory  approval  on  November  10,  1999.
Regulatory  approval  was granted to purchase  up to 15%, or  approximately  5.9
million shares, of the public shares in the open market. Through March 31, 2000,
the Company  purchased  5,897,921  shares at an average cost of $9.84 per share,
for a total cost of $57,963,000.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

     For a discussion of the Company's asset and liability  management  policies
as well as the  potential  impact of interest rate changes upon the market value
of the  Company's  portfolio,  see  "Management's  Discussion  and  Analysis  of
Financial  Condition and Results of Operations,  Asset and Liability  Management
and Market Risk" in the Company's Annual Report dated December 20, 1999.




                                       17

<PAGE>



                           Part 2 - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS
Not Applicable

ITEM 2. CHANGE IN  SECURITIES  AND USE OF PROCEEDS On April 25, 2000 the
Company
filed with the SEC a  Registration  Statement on Form S-8 to register  3,780,718
shares of its common stock in connection with the Capitol Federal Financial 2000
Stock Option and  Incentive  Plan and 1,512,287  shares in  connection  with the
Capitol Federal Financial 2000 Recognition and Retention Plan.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES
Not applicable

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
At the Special  Meeting of  Shareholders  held April 18, 2000,  two matters were
presented to shareholders.  Shareholders  approved the Capitol Federal Financial
2000 Stock Option and  Incentive  Plan and the Capitol  Federal  Financial  2000
Recognition  and Retention  Plan. The votes cast as to each matter are set forth
below:

<TABLE>
<CAPTION>

                   Proposal                                                Number of Votes
---------------------------------------------------------------------------------------------------------------
                                                                                                       Broker
                                                 For              Against          Abstain           Non-Votes
                                              -----------------------------------------------------------------
<S>                                           <C>                <C>              <C>                   <C>
   Adoption of the Capitol Federal
   Financial 2000 Stock Option and
   Incentive Plan                             68,223,802         3,653,739         356,939               0

   Adoption of the Capitol Federal
   Financial 2000 Recognition and
   Retention Plan                             67,395,305         4,475,209         363,867               0


</TABLE>

ITEM  5.  OTHER  INFORMATION
The Company is changing its reporting of the efficiency  ratio.  The Company had
excluded from total income  dividends earned on the capital stock of the Federal
Home Loan Bank. The Company will begin including these dividends in total income
to more closely conform to industry standards.  The efficiency ratios for fiscal
year  1999  exclude  the  effect of the  conversion  related  expenses,  both as
originally  reported and as  restated.  All future  filings  will reflect  these
changes. The following table restates the efficiency ratio.


                                   Originally
Period                              Reported               Restated

Fiscal year ending 1998               36.45                  35.63
Quarter ending 12/98                  36.50                  35.78
Quarter ending 03/99                  35.83                  35.01
Six months ending 03/99               36.15                  35.38
Quarter ending 06/99                  33.96                  33.28
Nine months ending 06/99              35.35                  34.61
Quarter ending 09/99                  35.18                  34.30
Fiscal year ending 1999               35.30                  34.53
Quarter ending 12/99                  34.72                  33.64
Quarter ending 03/2000                32.95                  31.68
Six months ending 03/2000             33.83                  32.65
Year to date, ending 03/2000          33.83                  32.66


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K
Not applicable


                                       18

<PAGE>



                                   Signatures


Pursuant  to the  requirement  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.

                                     CAPITOL FEDERAL FINANCIAL


Date:   May 15, 2000                 By:   /s/ John C. Dicus
                                          -----------------------------------
                                          John C. Dicus, Chairman and
                                          Chief Executive Officer



Date:   May 15, 2000                 By:   /s/ Neil F. M. McKay
                                           ----------------------------------


                                       19

<PAGE>



                                Index to Exhibits


                                                            Sequentially
                                                            Numbered Page
Exhibit                                                     Where Attached
Number                                                      Exhibits are Located
-------                                                     --------------------

27               Financial Data Schedule                            24








                                       20