UNITED STATES
                       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) April 20, 2004

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

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

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

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

                                       n/a
--------------------------------------------------------------------------------
          (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 April 20, 2004

Item 12. Results of Operations and Financial Condition.

On April 20,  2004,  NBC  Capital  Corporation  ("NBY")  issued a press  release
announcing  financial  information  for its fiscal first quarter ended March 31,
2004.  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: April 20, 2004



                                INDEX TO EXHIBITS

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

99.1                         Press Release dated April 20, 2004 *

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