<PAGE>
<PAGE>
                     UNITED STATES
          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 JUNE 30, 1999


[ ]  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               (IRS Employer
organization)                                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 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 June 30, 1999, 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 June 30,
  1999 and December 31, 1998 (Unaudited)                3

Consolidated Statement of Operations - (Unaudited)
  for  the three months and six months ended
  June 30, 1999 and 1998                                4

Consolidated Statement of Cash Flows - (Unaudited)
   for the six months ended June 30, 1999 and 1998      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
  Security Holders                                     11

Item  6. Exhibits and Reports on Form 8-K              11

Signatures                                             12



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

                CONSOLIDATED STATEMENT OF CONDITION
                      (UNAUDITED)
<TABLE>
<CAPTION>



                                             JUNE 30,   DECEMBER 31,
                                              1999          1998
                                            --------   ------------
<S>                                         <C>        <C>
                                ASSETS

Cash and due from banks                   $ 1,326,520  $   924,798
Federal funds sold                             19,000         -
Investment in Federal Home Loan Bank          159,800       96,900
Investment in Federal Reserve Stock           180,000      180,000

Loans, net                                 43,347,707   34,200,584

Premises and equipment                      2,004,183    1,933,623
Accrued interest receivable and other
  assets                                      402,655      492,711
                                          -----------  -----------
     Total assets                         $47,439,865  $37,828,616
                                          ===========  ===========

                 LIABILITIES AND STOCKHOLDERS' EQUITY

LIABILITIES:
  Deposits                                $39,830,251  $30,512,242
  Federal funds purchased                          --      447,000
  Federal Home Loan Bank advances           1,000,000           --
  Obligations under capital leases          1,327,868    1,349,196
  Accrued interest payable and other
    liabilities                               358,715      324,491
                                          -----------  -----------
     Total liabilities                     42,516,834   32,632,929
                                          -----------  -----------

STOCKHOLDERS' EQUITY:
  Preferred stock, $.01 par value;
    authorized 1,000,000 shares                    --           --
  1999 -- Common stock $.01 par value;
  authorized, 5,000,000 shares; issued
  and outstanding 240,000 shares                2,400           --
  1998 - Common stock, $1 par value;
    auhorized, 1,000,000 shares; issued
    and outstanding, 240,000 shares                --      240,000
  Surplus                                   5,202,590    5,762,966
  Retained deficit                           (281,959)    (807,279)
                                          -----------  -----------
     Total stockholders' equity             4,923,031    5,195,687
                                          -----------  -----------

Commitments and contingent liabilities             --           --
                                          -----------  -----------
     Total liabilities and stockholders'
       equity                             $47,439,865  $37,828,616
                                          ===========  ===========
</TABLE>
            See notes to consolidated financial statements.

                                   3

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

                 CONSOLIDATED STATEMENT OF OPERATIONS

   FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                              (UNAUDITED)
<TABLE>
<CAPTION>
                                      Three Months Ended       Six Months Ended
                                            June 30,               June 30,
                                     ---------------------   ---------------------
                                      1999          1998       1999          1998
                                     ------        -------   --------      -------
<S>                                  <C>           <C>       <C>           <C>
Interest income:
  Loans, including fees              $947,674     $ 479,883  $1,780,176   $ 788,743
  Securities                            5,400         2,265       8,452       2,265
  Federal funds sold                    1,272        27,693       6,078      55,944
                                     --------     ---------  ----------   ---------
     Total interest income            954,346       509,841   1,794,706     846,952
                                     --------     ---------  ----------   ---------
Interest expense:
  Deposit accounts                    291,248       142,039     564,717     204,876
  Certificates of deposit
    over $100,000                     130,935        83,569     252,144     145,272
  Interest expense - federal funds     11,442            --      15,838          --
  Interest expense - capital lease     33,866        36,330      67,870      36,330
                                     --------     ---------  ----------   ---------
     Total interest expense           467,491       261,938     900,569     386,478
                                     --------     ---------  ----------   ---------

     Net interest income              486,855       247,903     894,137     460,474

Provision for loan losses              83,234        33,685     258,804     133,685
                                     --------     ---------  ----------   ---------
     Net interest income after
       provision for loan losses      403,621       214,218     635,333     326,789
                                     --------     ---------  ----------   ---------
Other income:
  Service charges and fees             66,369        47,888     122,691      69,523
  Credit life and accident insurance   12,222        17,735      17,345      26,741
                                     --------     ---------  ----------   ---------
                                       78,591        65,623     140,036      96,264
                                     --------     ---------  ----------   ---------
Other expenses:
  Salaries and employee benefits      201,839       178,660     400,449     290,566
  Net occupancy expense                31,822        22,673      60,602      29,417
  Advertising                          27,884        21,620      61,816      57,289
  Data processing                      25,168         4,537      73,757      13,191
  Postage, telephone and supplies      21,436        13,517      48,777      36,435
  Directors fees                       19,110        19,110      38,010      38,110
  Professional services                40,459        81,908      96,513     152,694
  Other operating expenses             60,765        51,897     120,635      66,023
                                     --------     ---------  ----------   ---------
                                      428,483       393,922     900,559     683,725
                                     --------     ---------  ----------   ---------
Income (loss) before income taxes
 and cumulative effect of accounting
 change                                53,729      (114,081)   (125,190)   (260,672)
Income taxes                               --            --          --          --
                                     --------     ---------  ----------   ---------
Net income (loss) before cumulative
 effect  of accounting change          53,729      (114,081)   (125,190)   (260,672)

Cumulative effect of accounting
  change                                   --            --    (156,769)         --
                                     --------     ---------  ----------   ---------
Net income (loss)                    $ 53,729     $(114,081) $ (281,959)  $(260,672)
                                     ========     =========  ==========   =========
Earnings (loss) per share            $    .22     $    (.47) $    (1.17)  $   (1.08)
                                     ========     =========  ==========   =========
</TABLE>
         See notes to consolidated financial statements.

                              4
<PAGE>
<PAGE>
                 KENTUCKY NATIONAL BANCORP, INC.

               CONSOLIDATED STATEMENT OF CASH FLOWS

         FOR THE SIX MONTHS ENDED JUNE 30, 1999 AND 1998
                           (UNAUDITED)
<TABLE>
<CAPTION>

                                                     SIX MONTHS ENDED
                                                         JUNE 30,
                                                  ---------------------
                                                    1999         1998
                                                  --------     --------
<S>                                               <C>          <C>
Operating activities:
  Net loss                                       $  (281,959)  $   (260,672)
  Adjustments to reconcile net loss to net
       cash provided by operating activities:
     Provision for loan losses                       258,804        133,685
     Provision for depreciation                       44,420         18,861
     Provision for amortization                           --         20,627
     Incentive stock option plan                       9,303         14,733
     Cumulative effect of accounting change          156,769             --
     Changes in assets and liabilities:
       Increase in accrued interest receivable
        and other assets                             (66,713)      (160,668)
       Increase in accrued interest payable           34,224        167,827
       Decrease in due to banks                           --       (631,250)
                                                 -----------  ------------
          Net cash provided (used) by
            operating activities                     154,848       (696,857)
                                                 -----------  ------------
Investing activities:
  Purchase of Federal Home Loan Bank Stock           (62,900)           --
  Net increase in loans                           (9,405,927)  (14,539,060)
  Purchases of premises and equipment               (114,980)     (149,043)
                                                 -----------  ------------
          Net cash used in investing
            activities                            (9,583,807)  (14,688,103)
                                                 -----------  ------------

Financing activities:
  Net increase in deposits                         9,318,009    13,595,330
  Payments on capital lease obligations              (21,328)      (20,647)
  Net decrease in federal funds purchased           (447,000)           --
  Federal Home Loan Bank advances                  1,000,000            --
                                                 -----------  ------------
          Net cash provided by financing
            activities                             9,849,681    13,574,683
                                                 -----------  ------------

Net increase (decrease) in cash and cash
  equivalents                                        420,722    (1,810,277)

Cash and cash equivalents, beginning of period       924,798     4,353,888
                                                 -----------  ------------

Cash and cash equivalents, end of period         $ 1,345,520  $  2,543,611
                                                   ===========  ============
SUPPLEMENTAL DISCLOSURES:

Cash paid for interest                           $   892,073  $    166,510
                                                   ===========  ============
</TABLE>
NONCASH TRANSACTIONS:

During the six month period ended June 30, 1998, the Bank
recorded assets and obligations for bank equipment and building
under capital leases in the amount of $205,034 and $783,000,
respectively.

         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, for periods presented in
     1999 and the accounts of Kentucky National Bank for periods
     presented in 1998.  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 loss,
     statement of stockholders' equity, 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 income for periods presented is
     not necessarily indicative of the results which may be
     expected for the entire year.

2.   FEDERAL HOME LOAN BANK ADVANCES

     At June 30, 1999, the Bank had $1,000,000 in advances from
     Federal Home Loan Bank (FLHB) of Cincinnati.  Advances
     generally mature within one to four days from the
     transaction date.  All advances are secured by 100% of the
     Bank's mortgage loan portfolio and all FHLB stock.

3.   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 six month periods ended
     June 30, 1999 and 1998 and for the three month periods
     ended June 30, 1998 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 either immaterial or antidilutive.

4.   NEW ACCOUNTING STANDARDS

     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
<PAGE>
<PAGE>
5.   RECLASSIFICATIONS

     Certain 1998 amounts have been reclassified to conform with
     the 1999 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 financial condition and the 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
regulatory 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 FINANCIAL CONDITION AT JUNE 30, 1999 AND DECEMBER
31, 1998

Growth trends in loans and deposits continued to be strong in
the second quarter of 1999.  Total assets increased $9.6
million, or 25.4%, to $47.4 million at June 30, 1999 compared to
$37.8 million at December 31, 1998.  The increase in total
assets was attributable to a $9.1 million or 26.7% increase in
the loan portfolio.  Also contributing to the increase in assets
was a $401,722, or 43.4%  increase in cash and due from banks as
the Bank has sought to increase liquidity.

Funding for the Bank's asset growth came primarily from
increased deposits.  At June 30, 1999, deposits totaled $39.8
million, a $9.3 million, or 30.5%, increase over deposits at
December 31, 1998.  During this quarter, the Bank increased
liquidity through Federal Home Loan Bank (FHLB) advances in the
amount of $1,000,000.  These advances are part of a formal
liquidity strategy implemented by the Bank.  The strategy also
includes increased deposits through the Bank's recently opened
branch location and internet banking site, participating
existing loans, and the establishment of an investment
securities portfolio to ensure the Bank's liquidity position.

Stockholders equity decreased to $4.9 million at June 30, 1999
from $5.2 million at December 31, 1998 as the result of retained
losses for the six month period.  The Bank continues to be in
compliance with all applicable regulatory capital requirements
as well as the requirement imposed by the Federal Deposit
Insurance Corporation that it maintain Tier 1 Capital equal to
8% of assets for the first three years of operations.

COMPARISON OF THE RESULTS OF OPERATIONS FOR THE THREE AND SIX
MONTH PERIODS ENDED JUNE 30, 1999 AND 1998

NET INCOME (LOSS).   Net income for the quarter ended June 30,
1999 was  $53,700 or $.22 per share compared to a net loss of
$114,100 or $.47  for the same period last year, an increase of
$167,800 or $.69 per share. Earnings improved for the quarter
largely as a result of the increase in net interest income from
bank growth relative to a small increase in other expenses. The
year to date loss at June 30, 1999 was $282,000 or $1.17 per
share compared to a net loss of $260,700 or $1.08 per share for
the same period in 1998.  The increase of the net loss for the
six months ended June 30, 1999 in comparison to the six months
ended June 30, 1998, resulted primarily from the implementation
of SOP 98-5, "Reporting on the Costs of Start-up Activities,"
effective for financial statements for fiscal years beginning
after December 15, 1998. Implementation of this standard
required an expense of previously capitalized start-up costs in
the amount of  $156,800, which was reported as a cumulative
effect of a change in accounting principle.  An additional
factor in the increase, as discussed below, was the addition to
the provision for loan losses for a specific charge off of
$120,000.

NET INTEREST INCOME.  Net interest income was $486,900 and
$247,900, for the quarters ended June 30, 1999 and 1998,
respectively.  Year to date net interest income was $894,100 and
$460,500 for the six months ended June 30, 1999 and 1998,
respectively.  The increase of  $239,000 or 96% for the quarter
ended June 30, 1999 and the year to date increase of $433,600 or
94% for the six months ended June 30, 1999 reflects the
significant growth in loans and deposits from June 30, 1998 to
June 30, 1999.  Management expects that the level of net
interest income will continue to improve as the loan portfolio
grows.

PROVISION FOR LOAN LOSSES.  The provision for loan losses was
$83,200 and $33,685 for the quarters ended June 30, 1999 and
1998, respectively.   The increase of $49,500 is relative to the
increase in loans for the quarter.   The year to date provision
for loan losses was $258,800 and $133,700 for the six months
ended June 30, 1999 and 1998, respectively.  The year to date
increase of $125,100 was primarily due to a specific charge off
in the amount of $120,000 during the first quarter of 1999.

OTHER INCOME.  Other income was $78,600 and $65,600 for the
quarters ended June 30, 1999 and 1998, respectively.  Year to
date other income was $140,000 and $96,300 for the six months
ended June 30, 1999 and 1998, respectively.  The increase for
the quarter of $13,000 or 20% and the year to date increase of
$43,700 or  45% is reflective of loan and deposit growth from
which other income of service charges,  fees and credit life and
accident insurance are generated.

OTHER EXPENSE.  Other expense was $428,500 and $393,900 for the
quarters ended June 30, 1999 and 1998, respectively. Year to
date other expense was $900,600 and $683,700 for the six months
ended June 30, 1999 and 1998, respectively. The increase for the
quarter of $34,600 or 9% and the year to date increase of
$216,800 or 32% was due primarily  to the increases in salaries
and employee benefits of $23,200 for the quarter and $109,900
year to date.  The growth in salaries and benefits is due to
bank growth and the addition of the branch location in December
1998.  Other significant factors included increases in data
processing of $20,600 for the quarter and $31,200 for the year
to date, increases in net occupancy expense of $9,000 for the
quarter and $31,200 year to date and increases in other
operating expenses of $8,900 for the quarter and $54,600 year to
date.  Increases in these factors were primarily due to the
addition of the branch location.

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.


                          8
<PAGE>
<PAGE>
At June 30, 1999, the Bank's ratio of loans to deposits was
108.8% compared to 112.1% at December 31, 1998.  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.

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 June 30, 1999, totaled $1.3 million compared to
$2.5 million at June 30, 1998.  The Bank's cash flows were
provided mainly by financing activities including $9.3 million
from net deposit increases.  Operating activities provided
$154,848 in cash for the six months ended June 30, 1999 compared
to using $696,857 in cash in the first six months of 1998.  The
Bank used cash flows for its investing activities primarily to
fund an increase in gross loans of $9.4 million.

As a national bank, the Bank is subject to the 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 1
Capital to average assets of at least 5% and ratios of Tier 1
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 1 capital to assets of at least 8% for
the first three years of operations.  At June 30, 1999, 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.

YEAR 2000 READINESS DISCLOSURE.

Like most financial services companies, the Bank relies heavily
on computers and other information technology systems.  As the
year 2000 approaches, an important business issue has emerged
regarding how existing application software programs and
operating systems can accommodate this date value.  Form many
years, software applications routinely conserved magnetic
storage space by using only two digits to record calendar years;
for example, the year 1999 is stored as "99".  On January 1,
2000, the calendars in many software applications will change
from "99" to "00".  Many of these software applications, in
their current form, will produce erroneous results or will fail
to run at all since their logic cannot deal with this
transaction.

The Bank's Year 2000 plan calls for the identification of all
systems that could be affected by Year 2000 problem, the
systematic assessment of their Year 2000 readiness and
appropriate remedial measures and contingency planning,
including liquidity planning.  As part of its Year 2000 plan,
the Bank has ranked its various computer systems according to
their importance to the continued functioning of the Bank.
Assessment procedures range from actual testing for the Bank's
most mission critical systems to seeking written self
assessments from individual customers.  Based on these
assessments, the Bank has undertaken appropriate remedial
measures.  The Bank's Year 2000 plan includes contingency and
back-up plans for mission critical systems.


                          9

<PAGE>
<PAGE>
The Bank has identified its most mission critical systems as its
on-line core account processing which is performed by a third
party service provider.  This service provider has advised the
Bank that it is Year 2000 compliant and has successfully done
testing with a number of its other customers.  The service
provider tested the Bank's equipment and links during the fourth
quarter of 1998 and found them to be Year 2000 compliant.  The
Bank has developed a contingency plan for back-up data
processing with another provider in the event its current data
processor in unable to operate because of Year 2000 problems.
The Bank also uses personal computers and a variety of other
software packages in other facets of its day-to-day operations.
These systems were all purchased just before the Bank opened in
October 1997 and were selected in part based on their millennium
compliance.  Management believes that it has also identified all
the equipment which relies on embedded computer chips to operate
and has received correspondence from the vendors indicating that
they are Year 2000 compliant. In addition to the risks posed by
the Year 2000 readiness of its internal system, the Bank
recognizes that the Bank is exposed to Year 2000 risks from its
customers.  Most of the Bank's loan customers are individuals
and small businesses which are not technologically intensive.
The Bank has surveyed its loan customers and believes that most
of its commercial loan customers will continue to operate even
if a Year 2000 problem disrupts their data processing functions.
The Bank is working to increase their awareness of the problem.
The Bank does not believe that the costs associated with its
Year 2000 planning will have a material impact on its results of
operations.

Based on its testing and preparation, management does not
currently believe that the Bank's mission-critical systems are
vulnerable to the Year 2000 problem or that the century date
change will materially disrupt internal operations.
Accordingly, management believes that the Bank's most
significant internal risk from the Year 2000 problem is either
that Year 2000 problems will affect the ability of some loans
customers to make payments on a timely basis or that problems
will occur in less critical systems.  Management believes that
the Bank's most significant risk from the Year 2000 problem is
that the Year 2000 failures of others will cause an interruption
of basic services such as electrical power, telecommunications
or government services.  Although the Bank has received
assurances of Year 2000 compliance from most of these providers,
there can be no assurance that Year 2000 failures on the part of
these parties will not have a material adverse effect on the
Bank.

                         10

<PAGE>
<PAGE>
Part II

                   OTHER INFORMATION

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

          On April 27, 1999, the Bank held its annual meeting of
          shareholders at which the following items were voted
          on.

          (1)  Approval of the holding company reorganization:


                                   NUMBER OF VOTES

                    For                170,800

                    Against                  0

                    Abstain              1,294

       There were no broker non-votes.

       (2)  Election of Directors


                  NOMINEE                FOR           WITH-
                                                       HELD

       Robert E. Robbins, M.D.        171,805          289

       Lawrence P. Calvert            171,805          289

       Ronald J. Pence                171,805          289

       Kevin D. Addingon              171,805          289

       Henry Lee Chitwood             171,805          289

       Lois Watkins Gray              171,805          289

       William R. Hawkins             171,805          289

       Christopher G. McKnight, M.D.  171,805          289

       Leonard Allen McNutt           171,805          289


          There were no abstentions or broker non-votes.


ITEM 6.   Exhibits and Reports on Form 8-K
          --------------------------------

    (a)   The following exhibits are being filed with this
          quarterly report on Form 10-QSB:

          Number             Description
          ------             -----------

           27                Financial Data Schedule (EDGAR
                             Only)

    (b)   During the quarter ended June 30, 1999, the Company
          did not file any current reports on Form 8-K.


                         11


<PAGE>
<PAGE>
                      SIGNATURES


Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant had duly caused this report to be signed
on its behalf by the undersigned there unto duly authorized.



                           KENTUCKY NATIONAL BANCORP, INC.


Date: August 12, 1999      By: /s/ Ronald J. Pence
                               ------------------------------
                               Ronald J. Pence, President
                               (Duly Authorized Represen-
                                 tative and Principal
                                 Financial Officer)


                          12