SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

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

Date of report (Date of earliest event reported)  October 20, 2003
                                                  ------------------------------

                             NBC CAPITAL CORPORATION
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               (Exact Name of Registrant as Specified in Charter)

       Mississippi                        1-15773                64-0694755
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(State or Other Jurisdiction            (Commission             (IRS Employer
     of Incorporation)                  File Number)         Identification No.)

NBC Plaza, Starkville, Mississippi                                  39759
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(Address of Principal Executive Offices)                          (Zip Code)

Registrant's telephone number, including area code  (601)-343-1341
                                                    ----------------------------

                                       n/a
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          (Former Name or Former Address, if Changed Since Last Report




Item 7. Financial Statements and Exhibits.

(c) Exhibits.

    Exhibit Number                 Exhibit
    --------------                 -------

    99.1                           Press Release dated October 20, 2003

Item 12. Results of Operations and Financial Condition.

On October 20, 2003,  NBC Capital  Corporation  ("NBY")  issued a press  release
announcing  financial  information  for its fiscal third quarter ended September
30, 2003.  The press release is attached as Exhibit 99.1 to this Form 8-K and is
furnished to, but not filed with, the Commission.




                                    SIGNATURE

      Pursuant to the  requirements 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.

                                     NBC CAPITAL CORPORATION

                                     By:      /s/ Richard T. Haston
                                         ---------------------------------------
                                     Richard T. Haston
                                     Executive Vice President,
                                     Chief Financial Officer and Treasurer

Dated: October 20, 2003



                                INDEX TO EXHIBITS


Exhibit Number                      Exhibit
--------------                      -------

99.1                                Press Release dated October 20, 2003 *

*     This  exhibit is  furnished  to, but not filed  with,  the  Commission  by
      inclusion herein.