Washington, D.C. 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, 2004

                             NBC CAPITAL CORPORATION
             (Exact name of registrant as specified in its 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
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On October 20, 2004, NBC Capital Corporation ("NBY") issued a press release
announcing financial information for its fiscal third quarter ended September
30, 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.

Item 9.01 Financial Statements and Exhibits.

(c)  Exhibits.

     Exhibit Number             Description of Exhibit
     --------------             ----------------------
     99.1                      Press release issued October 20, 2004


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 hereunto duly authorized.

                                                  NBC CAPITAL CORPORATION

Date: October 20, 2004
                                       By: /s/ Richard T. Haston
                                           Richard T. Haston
                                           Executive Vice President,
                                           Chief Financial Officer and Treasurer

                                  EXHIBIT INDEX

Exhibit                    Description
-------                    -----------
99.1                       Press Release dated October 20, 2004