<PAGE>
<PAGE>

                SECURITIES AND EXCHANGE COMMISSION
                       Washington, DC 20549


                  ______________________________

                           FORM 10-QSB

(Mark One)
[X]  QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
     SECURITIES EXCHANGE ACT OF 1934

     FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

[ ]  TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE
     EXCHANGE ACT

     For the transition period from ____________ to ____________

                 COMMISSION FILE NUMBER 333-72371

                 KENTUCKY NATIONAL BANCORP, INC.
-----------------------------------------------------------------
(Exact name of Small Business Issuer as specified in its Charter)


        Indiana                                    61-1345603
--------------------------------------------  ------------------
(State or other jurisdiction of organization)   (IRS Employer
                                              Identification No.)


1000 North Dixie Avenue, Elizabethtown, Kentucky      42701
------------------------------------------------     ----------
(Address of principal executive offices)             (Zip code)

Issuer's telephone number, including area code: (270)737-6000
                                                -------------

     Check whether the issuer (1) filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act
during the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.

       X   Yes            No
      ---            ----

     As of March 31, 2000, there were 240,000 shares of the
Registrant's common stock, par value $.01 per share, outstanding.


     Transitional Small Business Issuer Disclosure Format (check
one):

           Yes         X   No
     ----             ---


<PAGE>
<PAGE>
                KENTUCKY NATIONAL BANCORP, INC.

                    ELIZABETHTOWN, KENTUCKY


                             INDEX


                                                            PAGE
                                                            ----
PART I.
------
FINANCIAL INFORMATION

Item 1.

Consolidated Statement of Condition as of
March 31, 2000 and December 31, 1999 (Unaudited)             3

Consolidated Statement of Operations - (Unaudited)
for the three months ended March 31, 2000 and 1999           4

Consolidated Statement of Cash Flows - (Unaudited)
for the three months ended March 31, 2000 and 1999           5

Notes to Consolidated Financial Statements (Unaudited)       6


Item 2.

Management's Discussion and Analysis of Financial
Condition and Results of Operations                          8


PART II.

OTHER INFORMATION

Item 4.     Submission of Matters to a Vote of
            Securities Holders                               12

Item 6.     Exhibits and Reports on Form 8-K                 12

Signatures                                                   14



                          2
<PAGE>
<PAGE>
           KENTUCKY NATIONAL BANCORP, INC.

         CONSOLIDATED STATEMENT OF CONDITION
                     (UNAUDITED)
<TABLE>
<CAPTION>
                                                    MARCH 31,        DECEMBER 31,
                                                      2000               1999
                                                    ---------        -----------
<S>                                                 <C>              <C>
                      ASSETS

Cash and due from banks                            $ 1,938,081       $ 1,594,188
Federal funds sold                                   1,196,000         1,331,000
Investment securities:
  Securities available-for-sale                      3,126,560         2,152,985
  Securities held-to-maturity, at fair value           180,000           180,000
Loans, net                                          51,130,302        48,330,667
Premises and equipment                               1,955,030         1,980,301
Accrued interest receivable and other assets           588,491           501,106
                                                   -----------       -----------
     Total assets                                  $60,114,464       $56,070,247
                                                   ===========       ===========

     LIABILITIES AND STOCKHOLDERS' EQUITY

Liabilities:
  Deposits                                         $53,163,214       $49,206,413
  Obligations under capital leases                   1,294,834         1,305,929
  Accrued interest payable and other
    liabilities                                        513,769           477,767
                                                   -----------       -----------
     Total liabilities                              54,971,817        50,990,109
                                                   -----------       -----------
Stockholders' equity:
  Preferred stock, $.01 par value;
    authorized 1,000,000 shares                              -                 -
  Common stock, $.01 par value;
    authorized 5,000,000 shares; issued and
    outstanding, 240,000 shares                          2,400             2,400
  Surplus                                            5,217,325         5,212,125
  Retained deficit                                     (49,359)         (125,467)
  Accumulated other comprehensive income               (27,719)           (8,920)
                                                   -----------       -----------
     Total stockholders' equity                      5,142,647         5,080,138
                                                   -----------       -----------
Commitments and contingent liabilities                       -                 -
                                                   -----------       -----------
     Total liabilities and stockholders'
       equity                                      $60,114,464       $56,070,247
                                                   ===========       ===========
</TABLE>
           See notes to consolidated financial statements.

                                  3
<PAGE>
<PAGE>
                   KENTUCKY NATIONAL BANCORP, INC.

                CONSOLIDATED STATEMENT OF OPERATIONS

         FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                             (UNAUDITED)
<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED
                                                              MARCH 31,
                                                       ----------------------
                                                         2000         1999
                                                       ---------    ---------
<S>                                                    <C>          <C>
Interest income:
  Loans, including fees                                $1,157,242   $ 832,502
  Securities                                               47,756       3,052
  Federal funds sold                                        7,557       4,806
                                                       ----------   ---------
     Total interest income                              1,212,555     840,360
                                                       ----------   ---------
Interest expense:
  Deposit accounts                                        403,891     273,469
  Certificates of deposit over $100,000                   201,613     121,209
  Interest expense -- federal funds                         1,187       4,396
  Interest expense -- capital leases                       33,504      34,004
                                                       ----------   ---------
     Total interest expense                               640,195     433,078
                                                       ----------   ---------
     Net interest income                                  572,360     407,282

Provision for loan losses                                  52,572     175,570
                                                       ----------   ---------
     Net interest income after provision for
       loan losses                                        519,788     231,712
                                                       ----------   ---------
Other income:
  Service charges and fees                                 77,775      56,322
  Credit life and accident insurance                       11,544       5,123
                                                       ----------   ---------
                                                           89,319      61,445
                                                       ----------   ---------
Other expenses:
  Salaries and employee benefits                          244,186     198,610
  Net occupancy expense                                    34,221      28,780
  Advertising                                              35,401      33,932
  Data processing                                          43,347      48,589
  Postage, telephone and supplies                          27,621      27,341
  Bank franchise tax                                       16,730           -
  Directors fees                                            6,020      18,900
  Professional services                                    61,239      56,054
  Other operating expenses                                 64,234      59,870
                                                       ----------   ---------
                                                          532,999     472,076
                                                       ----------   ---------
Income (loss) before income taxes and
  cumulative effect of accounting changes                  76,108    (178,919)

Income taxes                                                    -           -
                                                       ----------   ---------
Net income (loss) before cumulative effect
  of accounting change                                     76,108    (178,919)

Cumulative effect of accounting change                          -    (156,769)
                                                       ----------   ---------
Net income (loss)                                      $   76,108   $(335,688)
                                                       ==========   =========
Earnings (loss) per share                              $      .32   $   (1.40)
                                                       ==========   =========
</TABLE>
            See notes to consolidated financial statements.
                                   4
<PAGE>
<PAGE>
                    KENTUCKY NATIONAL BANCORP, INC.

                 CONSOLIDATED STATEMENT OF CASH FLOWS

          FOR THE THREE MONTHS ENDED MARCH 31, 2000 AND 1999
                              (UNAUDITED)


<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED
                                                              MARCH 31,
                                                       ----------------------
                                                         2000         1999
                                                       ---------    ---------
<S>                                                    <C>          <C>
Operating activities:
  Net income (loss)                                    $   76,108   $  (335,688)
  Adjustments to reconcile net loss to net
      cash provided by operating activities:
    FHLB stock dividend                                    (2,800)            -
    Provision for loan losses                              52,572       175,570
    Provision for depreciation                             26,787        22,951
    Incentive stock option plan                             5,200         3,237
    Deferred tax                                            9,684             -
    Cumulative effect of accounting change                      -       156,769
    Changes in assets and liabilities:
      Increase in accrued interest receivable
        and other assets                                  (87,385)       (3,754)
      Increase in accrued interest payable                 36,002        33,532
                                                      -----------   -----------
     Net cash provided by operating
       Activities                                         116,168        52,617
                                                      -----------   -----------
Investing activities:
  Purchase of available-for-sale securities              (999,258)      (62,900)
  Net increase in loans                                (3,203,569)   (5,206,557)
  Purchases of premises and equipment                      (1,516)      (97,438)
                                                      -----------   -----------
     Net cash used in investing activities             (4,204,343)   (5,366,985)
                                                      -----------   -----------
Financing activities:
  Net increase in deposits                              4,308,162     5,284,505
  Payments on capital lease obligations                   (11,095)      (10,595)
  Net decrease in federal funds purchased                       -       (46,000)
                                                      -----------   -----------

     Net cash provided by financing activities          4,297,068     5,227,910
                                                      -----------   -----------
Net increase (decrease) in cash and
  cash equivalents                                        208,893       (86,368)

Cash and cash equivalents, beginning of period          2,925,188       924,798
                                                      -----------   -----------
Cash and cash equivalents, end of period              $ 3,134,081   $   838,430
                                                      ===========   ===========
SUPPLEMENTAL DISCLOSURES:

Cash paid for interest                                $   597,829   $   424,913
                                                      ===========   ===========
</TABLE>

           See notes to consolidated financial statements.

                                  5
<PAGE>
<PAGE>
                   KENTUCKY NATIONAL BANCORP, INC.

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                             (UNAUDITED)


1. BASIS OF PRESENTATION

   Kentucky National Bancorp, Inc. (the Company) became the
   holding company for Kentucky National Bank (the Bank) on May
   18, 1999, by issuing and exchanging its stock on a share for
   share basis for the outstanding stock of the Bank. The
   transfer of stock between the entities under common control
   was accounted for at historical cost in a manner similar to a
   pooling of interests. Accordingly, the 1999 financial
   statements are presented as if the holding company formation
   occurred on January 1, 1999.

   The unaudited consolidated financial statements include the
   accounts of Kentucky National Bancorp, Inc., and its
   subsidiary Kentucky National Bank. All material intercompany
   balances and transactions have been eliminated in
   consolidation.

   The accompanying unaudited consolidated financial statements
   were prepared in accordance with instructions for Form 10-QSB
   and therefore, do not include all disclosures necessary for a
   complete presentation of the statement of financial
   condition, statement of operations and statement of cash
   flows in conformity with generally accepted accounting
   principles.  However, all adjustments which are, in the
   opinion of management, necessary for the fair presentation of
   the interim financial statements have been included.  The
   statement of operations for periods presented is not
   necessarily indicative of the results which may be expected
   for the entire year.

2. COMPREHENSIVE INCOME

   During the year ended December 31, 1999, Kentucky National
   Bancorp, Inc. adopted FASB Statement No. 130, "Reporting
   Comprehensive Income."  The statement requires the reporting
   of comprehensive income in addition to net income from
   operations.   Comprehensive income is a more inclusive
   financial reporting methodology that includes disclosures of
   certain financial information that historically has not been
   recognized in the calculation of net income.

   At March 31, 2000 and December 31, 1999, the Bank held
   securities classified as available-for-sale, which have net
   unrealized losses of $42,000 and $13,500, respectively.  The
   before and after tax amount and tax expense (benefit) of this
   component of comprehensive income at March 31, 2000 and
   December 31, 1999 is summarized below:
<TABLE>
<CAPTION>
                                            TAX
                               BEFORE    (BENEFIT)    AFTER
                                 TAX      EXPENSE      TAX
                               ------    ---------    -----
<S>                            <C>        <C>         <C>
MARCH 31, 2000
  Unrealized holding gains     $(41,998)  $(14,279)   $(27,719)
  Reclassification adjustment
    for gains included in net
    income                            -          -           -
                               --------   --------    --------
                               $(41,998)  $(14,279)   $(27,719)
                               ========   ========    ========

DECEMBER 31, 1999
  Unrealized holding gains     $(13,515)  $ (4,595)   $ (8,920)
  Reclassification adjustment
    for gains included in net
    income                            -          -           -
                               --------   --------    --------
                               $(13,515)  $ (4,595)   $ (8,920)
                               ========   ========    ========
</TABLE>
                                   6
<PAGE>
<PAGE>
                     KENTUCKY NATIONAL BANCORP, INC.

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, Continued
                             (UNAUDITED)


3. FEDERAL HOME LOAN BANK ADVANCES

   During 1999, the Bank entered into a blanket agreement for
   advances with the Federal Home Loan Bank (FHLB).  The Bank
   had no advances outstanding at March 31, 2000 or December 31,
   1999.  Mortgage loans and all FHLB stock are pledged to the
   FHLB as collateral in the event that the Bank requires future
   advances.

4. EARNINGS (LOSS) PER SHARE

   Earnings (loss) per share has been determined in accordance
   with Statements of Financial Accounting Standards No. 128,
   "Earnings per Share."

   Earnings (loss) per share for the three month periods ended
   March 31, 2000 and 1999 have been computed based on the
   weighted average number of shares outstanding throughout the
   period of 240,000.  Diluted earnings (loss) per share has not
   been presented as the effect of options granted at inception
   to purchase 16,000 shares of common stock is antidilutive.

5. ORGANIZATION COSTS

   In April 1998, Accounting Standards Executive Committee
   issued Statement of Position 98-5, "Reporting on the Costs of
   Start-up Activities," effective for financial statements for
   fiscal years beginning after December 15, 1998.  In
   accordance with this standard, the Bank expensed on January
   1, 1999, unamortized start-up costs in the amount of $156,769
   as a cumulative effect of a change in accounting principle.

6. RECLASSIFICATIONS

   Certain 1999 amounts have been reclassified to conform with
   the 2000 presentation.




                          7
<PAGE>
<PAGE>
ITEM 2.

       MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
             CONDITION AND RESULTS OF OPERATIONS

GENERAL

The following discussion and analysis is intended to assist in
understanding the consolidated financial condition and results
of operations of the Company.

FORWARD-LOOKING STATEMENTS

When used in this discussion and elsewhere in this Quarterly
Report on Form 10-QSB, the words or phrases "will likely
result," "are expected to," will continue," "is anticipated,"
"estimate," "project," or similar expressions are intended to
identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.  The Company
cautions readers not to place undue reliance on any such
forward-looking statements, which speak only as of the date
made, and advises readers that various factors, including
regional and national economic conditions, substantial changes
in level of market interest rates, credit and other risks of
lending and investment activities and competitive and regulator
factors could affect the Company's financial performance and
could cause the Company's actual results for future periods to
differ materially from those anticipated or projected.

The Company does not undertake and specifically disclaims any
obligation to update any forward-looking statements to reflect
occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.

COMPARISON OF THE RESULTS OF OPERATIONS FOR THE THREE MONTH
PERIODS ENDED MARCH 31, 2000 AND 1999

NET INCOME (LOSS).   Net income for the quarter ended March 31,
2000 was $76,100 or $.32 per share compared to a net loss of
$(335,700) or $(1.40) for the same period last year, an increase
of $411,800 or $1.72 per share.

The improvement of net income for the three months ended at
March 31, 2000 over the same period last year was due largely to
the increase in net interest income of $165,100 and reduced
provisions for loan losses relative to a small increase in other
expenses of $60,900.  In addition, the quarter ended March 31,
1999 included a nonrecurring accounting change implementation
which required the Bank to expense previously capitalized start-
up costs of $156,800 and also included a specific charge off of
$120,000 which increased the provision for loan losses for that
quarter.

NET INTEREST INCOME.  Net interest income increased $165,100 or
40.5% to $572,400 for the three months ended March 31, 2000
compared to $407,300 for the three months ended March 31, 1999.
This increase reflects the continued growth in interest-earning
assets and the improvement in the interest rate spread since the
quarter ended March 31, 1999.  Total average interest-earning
assets increased by approximately $16.1 million with an increase
in average yield of 6 basis points while average interest
bearing liabilities increased by approximately $14.8 million
with a decrease in average costs of approximately 2 basis
points. As a result, the Bank's interest rate spread increased
to 3.53% for the three months ended March 31, 2000 compared to
3.45% for the three months ended March 31, 1999.  Net interest
margin decreased to 4.32% for the 2000 period compared to 4.40%
for the 1999 period.

PROVISION FOR LOAN LOSSES.  The provision for loan losses was
$52,600 and $175,600 for the quarters ended March 31, 2000 and
1999, respectively.  The decrease of $123,000 was primarily due
to a specific charge off in the amount of $120,000 during the
first quarter of 1999.  At March 31, 2000, the Bank's allowance
for loan losses was $615,100 or 1.2% of the gross loan
portfolio.

                          8
<PAGE>
<PAGE>
OTHER INCOME.  Other income was $89,300 and $61,400 for the
quarters ended March 31, 2000 and 1999, respectively.  The
increase for the quarter of $27,900 or 45.4% is reflective of
loan and deposit growth from which other income of service
charges and fees are generated.

OTHER EXPENSE.  Other expense was $533,000 and $472,100 for the
quarters ended March 31, 2000 and 1999, respectively.  The
increase for the quarter of $60,900 or 12.9% was due primarily
to the increases in salaries and employee benefits of $45,600
for the quarter.  The growth in salaries and benefits is the
result of bank growth.

COMPARISON OF FINANCIAL CONDITION AT MARCH 31, 2000 AND DECEMBER
31, 1999

The Bank continued to experience strong asset growth during the
first quarter of 2000. Total assets increased $4.0 million, or
7.1% to $60.1 million at March 31, 2000 compared to $56.1
million at December 31, 1999.  The increase in total assets was
primarily attributable to a $2.8 million or 5.7% increase in the
loan portfolio.  Also contributing to the increase in assets was
a $1 million increase in investment securities as the Bank has
sought to improve liquidity.  Funding for the Bank's asset
growth came primarily from increased deposits.  At March 31,
2000, deposits totaled $53.2 million, a $4.0 million, or 8.0%,
increase over deposits at December 31, 1999.

Stockholders' equity increased by $62,500 to $5,142,600 at March
31, 2000 from $5,080,100 at December 31, 1999.  Net income for
the quarter of $76,100 is the source of the increase, less
$13,600 change in unrealized gain or loss on available-for-sale
securities and net surplus from stock options accrued.
Management believes that a strong capital position is vital to
future profitability and to promote depositor and investor
confidence.  The Bank continues to be in compliance with all
applicable regulatory capital requirements.

As a condition to its approval of the Bank's deposit insurance,
the FDIC required the Bank to maintain a ratio of Tier I capital
to assets of no less than 8% during its first three years of
operations.  The Bank was in compliance with this requirement as
of March 31, 2000, with a Tier 1 capital ratio of 9.06%.  Based
on its level of Tier I capital at March 31, 2000, the Bank will
only be permitted to grow its assets to approximately $64
million prior to October 15, 2000 and still be in compliance
with the FDIC requirement.  Accordingly, the Bank will not be
able to maintain its historic rate of asset growth with its
current level of capital.  Management has made arrangements to
borrow funds from a third party lender for capital infusion to
enhance continued growth.  Although the Bank believes that is
will be permitted to maintain Tier 1 capital at a lower
percentage of assets after October 15, 2000, there can be no
assurance that the Bank will be permitted to resume its historic
rate of growth without an increase in capital.

<PAGE>
ASSET QUALITY

The following table sets forth information regarding the Bank's
non-performing assets at the dates indicated.
<TABLE>
<CAPTION>
                                      MARCH 31,    DECEMBER 31,
                                        2000          1999
                                      ---------   ------------
     <S>                              <C>          <C>
     Restructured loans                $      -     $      -
     Non-accrual loans                  236,000      155,000
     Accruing loans past due 90
       days or more                           -            -
                                       --------     --------
          Total                        $236,000     $155,000
                                       ========     ========
</TABLE>

                          9
<PAGE>
<PAGE>
At March 31, 2000, there were $504,500 in loans outstanding not
reflected in the above table as to which know information about
possible credit problems of borrowers caused management to have
serious doubts as to the ability of such borrowers to comply
with present loan repayment terms.

An analysis of the changes in the allowance for loan losses is
as follows:
<TABLE>
<CAPTION>
                                           THREE MONTHS ENDED MARCH 31,
                                           ---------------------------
                                             2000               1999
                                           --------          --------
     <S>                                   <C>               <C>
     Balance, beginning of period           $561,944          $ 347,000
     Loans charged off                        (3,963)          (126,291)
     Loan recoveries                           4,568                  -
                                            --------          ---------
     Net charge-offs                            (605)          (126,291)
     Provision for loan losses                52,572            175,570
                                            --------          ---------
     Balance, end of period                 $615,121          $ 396,279
                                            ========          =========
</TABLE>
LIQUIDITY AND CAPITAL RESOURCES.

The Company currently has no operating business other than the
Bank and does not have material funding needs.  In the future,
the Company may require funds for dividends and tax payments for
which it will rely on dividends and other distributions from the
Bank.  The Bank is subject to various regulatory restrictions on
the payment of dividends.

The Bank's sources of funds for lending activities and
operations are deposits from its primary market area, funds
raised in its initial public offering, principal and interest
payments on loans, interest received on other investments and
federal funds purchased.  The Bank is also eligible to borrow
from the FHLB of Cincinnati.  Its principal funding commitments
are for the origination of loans, the payment of maturing
deposits and obligations under capital leases for buildings and
equipment.  Deposits are considered a primary source of funds
supporting the Bank's lending and investment activities.

At March 31, 2000, the Bank's ratio of loans to deposits was
96.2% compared to 98.2% at December 31, 1999.  The
loan-to-deposit ratio is used as an indicator of a bank's
ability to originate additional loans and general liquidity.
The Bank's comparatively high loan-to-deposit ratio reflects
management's emphasis on building the loan portfolio and has
been possible because the Bank has funded a significant portion
of its loan growth with capital raised in its initial public
offering.  Because the Bank's continued loan growth will depend
on deposit growth, management expects to place more emphasis on
building liquidity on the balance sheet and that the
loan-to-deposit ratio will decline.  The Bank's strategies in
this regard include the sale of participations in loans and the
creation of an investment securities portfolio that can be used
as a source of liquidity and earnings.

Due to the growth of the Bank and increase in personnel, the
Bank is currently reaching full premises capacity at the main
branch location.  Management has begun the preliminary planning
stage for future expansion of bank premises to enable continued
growth.

The Bank's most liquid assets are cash and cash equivalents,
which are cash on hand, amounts due from financial institutions,
federal funds sold and money market mutual funds.  The levels of
such assets are dependent on the Bank's operating financing and
investment activities at any given time.  The variations in
levels of cash and cash equivalents are influenced by deposit
flows and anticipated future deposit flows.

Cash and cash equivalents (cash due from banks, interest-bearing
deposits in other financial institutions, and federal funds
sold), as of March 31, 2000, totaled $2.1 million compared to
$2.9 million at March 31, 1999.  The Bank's cash

                         10
<PAGE>
<PAGE>
flows were provided mainly by financing activities, including
$4.3 million from net deposit increases.  Operating activities
provided $116,200 in cash for the three months ended March 31,
2000 compared to $52,600 in cash for the first three months of
1999.  The Bank used cash flows for its investing activities
primarily to fund an increase in gross loans of $3.2 million and
purchase of securities of $1 million.

As a national bank, the Bank is subject to regulatory capital
requirements of the Office of the Comptroller of the Currency
("OCC").  In order to be well capitalized under OCC regulations,
the Bank must maintain a leverage ratio of Tier I Capital to
average assets of at lease 5% and ratios of Tier I and total
capital to risk-weighted assets of at least 6% and 10%
respectively.  In addition, as a condition to the approval of
the insurance of its deposits, the FDIC required the Bank to
maintain a ratio of Tier I capital to assets of at least 8% for
the first three years of operations.  At March 31, 2000, the
Bank satisfied the capital requirements for classification as
well as capitalized under OCC regulations and was in compliance
with the condition imposed by the FDIC in connection with the
insurance of its deposits.




                         11
<PAGE>
<PAGE>

PART II
                  OTHER INFORMATION

ITEM 4.   Submission of Matters to a Vote of Security Holders
          ---------------------------------------------------

     On April 25, 2000, the Company held its annual meeting of
shareholders at which the following items were voted on.

     (1)  Election of Directors
                                                        WITH-
              NOMINEE                        FOR        HELD

          Ronald J. Pence                    152,775     634

          Kevin D. Addington                 152,775     634

          Henry Lee Chitwood                 152,775     634

     There were no abstentions or broker non-votes.

     The terms of office of the following directors continued
after the meeting: Robert E. Robbins, Lawrence P. Calvert, Lois
Watkins Gray, William R. Hawkins, Christopher G. Knight and
Leonard Allen McNutt.

     (2)  Approval of the Kentucky National Bancorp, Inc. 2000
Stock Option and Incentive Plan:

     FOR:    145,254       AGAINST:  4,394    ABSTAIN:  3,761

     There were no broker non-votes.

     (3)  Approval of the Kentucky National Bancorp, Inc.
Director Fee Deferral Plan:

     FOR:    145,454       AGAINST:  4,194    ABSTAIN:  3,761

     There were no broker non-votes.


ITEM 6.   Exhibits and Reports on Form 8-K
          --------------------------------
  (a)  The following exhibits are either being filed with or
       incorporated by reference in this quarterly report on
       Form 10-QSB:

       NUMBER       DESCRIPTION

       3.1    Articles of Incorporation *
       3.2    Bylaws *
       4      Form of Common Stock Certificate *
       10.1   Restrictive Stock Transfer Agreement *
       10.2   Organizational Stock Option and Incentive Plan **
       10.3   Lease Agreement Between Kentucky National
                Properties, L.L.C and Kentucky National Bank *
       10.4   Kentucky National Bancorp, Inc. 2000 Stock and
                Incentive Plan ***
       10.5   Kentucky National Bancorp, Inc. Director Fee
                Deferral Plan
       27     Financial Data Schedule (EDGAR Only)
       _____________
       *    Incorporated by reference from the registrant's
            Registration Statement on Form S-4 (File No.
            333-72371).

                          12
<PAGE>
<PAGE>
       **   Incorporated by reference from Registrant's Post-
            Effective Amendment No. 1 to Registration Statement
            on Form S-8 (File No. 333-72371).
       ***  Incorporated by reference from the registrant's
            Annual Report on Form 10-KSB for the year ended
            December 31, 1999.

  (b)  During the quarter ended March 31, 2000, the Company did
       not file any current reports on Form 8-K.

                          13
<PAGE>
<PAGE>


                     SIGNATURES


In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.




                              KENTUCKY NATIONAL BANCORP, INC.


Date: May 11, 2000            By:/s/ Ronald J. Pence
                                 ------------------------------
                                 Ronald J. Pence, President
                                 (Duly Authorized Represen-
                                 tative and Principal
                                 Financial Officer)


                          14