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


                                October 15, 2004
                ------------------------------------------------
                Date of Report (Date of Earliest Event Reported)


                            AMES NATIONAL CORPORATION
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             (Exact Name of Registrant as Specified in its Charter)


            IOWA                          0-32637                42-1039071
--------------------------------------------------------------------------------
(State or Other Jurisdiction of    (Commission File Number)   (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


                                405 FIFTH STREET
                                AMES, IOWA 50010
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                    (Address of Principal Executive Offices)

       Registrant's Telephone Number, Including Area Code: (515) 232-6251

                                 NOT APPLICABLE
              ----------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)



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Item 2.02  Results of Operations and Financial Condition

On October 15, 2004, Ames National  Corporation issued a News Release announcing
financial results for the three and nine months ended September 30, 2004. A copy
of the New Release is attached hereto as Exhibit 99.1.

Item 8.01  Other Events

On October 15, 2004, Ames National  Corporation issued a News Release announcing
that an application  has been  submitted to NASDAQ to list the Company's  common
stock on the NASDAQ  SmallCap  Market.  A copy of the New  Release  is  attached
hereto as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits

The following exhibit is filed as part of this Report:

   Exhibit No.                                           Description
   -----------                               -----------------------------------
      99.1                                   News Release dated October 15, 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.

                            AMES NATIONAL CORPORATION


Date:  October 15, 2004                        By: /s/ Daniel L. Krieger
                                                   -----------------------------
                                                   Daniel L. Krieger, President
                                                   (Principal Executive Officer)


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