<SUBMISSION>
<ACCESSION-NUMBER>0000743530-02-000037
<TYPE>8-K
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<PERIOD>20020422
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<FILING-DATE>20020422
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMES NATIONAL CORP
<CIK>0001132651
<ASSIGNED-SIC>6770
<IRS-NUMBER>421039071
<STATE-OF-INCORPORATION>IA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-32637
<FILM-NUMBER>02617631
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>PO BOX 846
<CITY>AMES
<STATE>IA
<ZIP>50010
<PHONE>5152326251
</BUSINESS-ADDRESS>
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<STREET1>PO BOX 846
<CITY>AMES
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<TYPE>8-K
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<FILENAME>form8k.txt
<TEXT>
                                  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


                                 APRIL 22, 2002
                Date of Report (Date of Earliest Event Reported)


                            AMES NATIONAL CORPORATION
             (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
                    (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)
<PAGE>


Item 7.  Financial Statements and Exhibits

         The following exhibit is filed as part of this Report:

                 Exhibit No.                       Description
                 -----------                       -----------

                     99.1                  News Release dated April 22, 2002



Item 9.  Regulation FD Disclosure

     On  April  22,  2002,  Ames  National  Corporation  issued  a News  Release
announcing its earnings for the three month period ending March 31, 2002. A copy
of the News Release is attached hereto as Exhibit 99.1.

<PAGE>

                                   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:  April 22, 2002                   By:   /s/ Daniel L. Krieger
                                              ------------------------
                                        Name:  Daniel L. Krieger
                                        Title: President











































</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>earnings.txt
<TEXT>
                                                                    Exhibit 99.1




NEWS RELEASE                                 Contact:         Daniel L. Krieger,
                                                              President
                                                              (515) 232-6251
April 22, 2002



                       AMES NATIONAL CORPORATION ANNOUNCES
                           FIRST QUARTER EARNINGS AND
                          THE CHARTER OF A DE NOVO BANK

         First quarter 2002  earnings  were $.94 per share  compared to $.83 per
share for the same quarter in 2001. The  improvement in this quarter's  earnings
can be attributed to lower interest  expense.  Federal Home Loan Bank borrowings
have been paid in full  compared to $12 million owed one year ago.  Total equity
increased to $95 million.

         Deposits  increased 2% while loans  decreased  12% at  affiliate  banks
compared  to first  quarter  2001.  The  decrease  in loans is the result of the
slowdown in the economy and the strong competition in loan pricing. Total assets
rose 1% to $646 million compared to $640 million a year ago.

         Ames National  Corporation  has made  application  to the Office of the
Comptroller of the Currency to charter a de novo national bank in  Marshalltown,
Iowa.  Provided all  necessary  regulatory  approvals  are  received  within the
expected time frames, the opening of business is anticipated to be in the second
quarter of this year.

     Ames National  Corporation  affiliate banks are First National Bank,  Ames,
Boone Bank & Trust Co., Boone,  State Bank & Trust Co., Nevada and Randall-Story
State Bank, Story City.



</TEXT>
</DOCUMENT>
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