|EXHIBIT 32                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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|Harry Lee Waterfield II and Raymond L. Carr, being the President and Vice President, Chief Financial Officer, respectively, of Kentucky Investors, Inc., hereby certify as of this 11th day of November, 2004, that the Form 10-Q for the Quarter ended September 30, 2004 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Kentucky Investors, Inc.
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|DATE: November 11, 2004                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|DATE: November 11, 2004