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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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): February 5, 2004
                                                         ----------------

                               FIRST CAPITAL, INC.
                               -------------------
             (Exact name of registrant as specified in its charter)

      Indiana                             0-25023             35-2056949
      -------                          -------------        --------------
(State or other Jurisdiction of        (Commission          (IRS Employer
incorporation or organization)         File Number)         Identification No.)


220 Federal Drive N.W., Corydon, Indiana                      47112
----------------------------------------                    ---------
(Address of principal executive offices)                    (Zip Code)

                                 (812) 738-2198
                                 --------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
                                 --------------
         (Former name or former address, if changed since last report.)














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ITEM 5.  OTHER EVENTS.
         ------------

      On February 5, 2004, First Capital Inc., the holding company for First
Harrison Bank, announced an update of its ongoing program to repurchase up to
345,000 shares of its outstanding common stock. The press release announcing the
repurchase program update is furnished as Exhibit 99.1 and incorporated herein
by reference.

ITEM 7.  FINANCIAL STATEMENTS AND OTHER EXHIBITS.
         ---------------------------------------

      Exhibit 99.1  Press Release dated February 5, 2004.





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                                   SIGNATURES

      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.


                                       FIRST CAPITAL, INC.


Dated: February 6, 2004                By: /s/ William W. Harrod
                                           -------------------------------------
                                           William W. Harrod
                                           President and Chief Executive Officer
















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                                  EXHIBIT INDEX



    EXHIBIT                        DESCRIPTION
    -------                        -----------
     99.1       Press release dated February 5, 2004







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