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)       January 27, 2005

                             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 January 27, 2005, NBC Capital Corporation ("NBY") issued a press release
announcing financial information for its fiscal fourth quarter and year ended
December 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.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit Number       Description of Exhibit
--------------       ----------------------
99.1                 Press release issued January 27, 2005


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: January 27, 2005
                                  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 January 27, 2005