<SUBMISSION>
<ACCESSION-NUMBER>0000743530-02-000053
<TYPE>8-K
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<PERIOD>20020719
<ITEMS>9
<FILING-DATE>20020719
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMES NATIONAL CORP
<CIK>0001132651
<ASSIGNED-SIC>6021
<IRS-NUMBER>421039071
<STATE-OF-INCORPORATION>IA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-32637
<FILM-NUMBER>02706468
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>PO BOX 846
<CITY>AMES
<STATE>IA
<ZIP>50010
<PHONE>5152326251
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<STREET1>PO BOX 846
<CITY>AMES
<STATE>IA
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>july02form8k.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


                                  July 19, 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)



                                       1
<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 July 19, 2002

Item 9.  Regulation FD Disclosure

         On July 19,  2002,  Ames  National  Corporation  issued a News  Release
         announcing its earnings for the three and six month periods ending June
         30, 2002. A copy of the New Release is attached hereto as Exhibit 99.1.


                                   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:  July 19, 2002                          By:   /s/ Daniel L. Krieger
                                                   -----------------------------
                                                   Name:  Daniel L. Krieger
                                                   Title:  President




                                       2
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.                                                Description
-----------                                     --------------------------------
   99.1                                         News Release dated July 19, 2002






                                       3

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>july02exh991.txt
<TEXT>
                                                                    Exhibit 99.1





NEWS RELEASE                                         Contact: Daniel L. Krieger,
                                                              President
                                                              (515) 232-6251
July 19, 2002



                       AMES NATIONAL CORPORATION ANNOUNCES
                             SECOND QUARTER EARNINGS

         Second  quarter 2002 earnings were $.88 per share  compared to $.87 for
second quarter 2001. For first half 2002, earnings were $1.82 per share compared
to $1.70 per share a year ago, a 7% increase.

         During the second  quarter of this year gains on  securities  were $134
thousand  compared to $663  thousand  last year.  For the six months ending June
30th gains on securities  were $323  thousand  compared to $1.15 million for the
same period in 2001.

         Affiliate  bank deposits  increased to $511  million,  4% higher than a
year ago,  while loans  decreased 7%  reflecting  the  decrease in  construction
activity.  Total assets  increased 3% to $629 million from one-year  ago,  while
total capital rose to $98 million.

         United Bank & Trust N.A. the de novo bank  chartered  in  Marshalltown,
Iowa, opened officially for business on June 20, 2002.

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






                                       1

</TEXT>
</DOCUMENT>
</SUBMISSION>
