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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000897069-05-001879.txt : 20050802
<SEC-HEADER>0000897069-05-001879.hdr.sgml : 20050802
<ACCEPTANCE-DATETIME>20050802172007
ACCESSION NUMBER:		0000897069-05-001879
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050802
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050802
DATE AS OF CHANGE:		20050802

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HENNESSY ADVISORS INC
		CENTRAL INDEX KEY:			0001145255
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				680176227
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49872
		FILM NUMBER:		05992931

	BUSINESS ADDRESS:	
		STREET 1:		750 GRANT AVENUE SUITE 100
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945

	MAIL ADDRESS:	
		STREET 1:		750 GRANT AVENUE SUITE 100
		CITY:			NOVATO
		STATE:			CA
		ZIP:			94945
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>dkm676.txt
<DESCRIPTION>FORM 8-K DATED AUGUST 2, 2005
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                                  UNITED STATES

                              Washington, DC 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)  August 2, 2005
                                                           --------------

                             HENNESSY ADVISORS, INC.

             (Exact name of registrant as specified in its charter)

         California                      000-49872              68-0176227
         ----------                      ---------              ----------
(State or other jurisdiction            Commission             (IRS Employer
      of incorporation)                File Number)         Identification No.)

             750 Grant Avenue, Suite 100                         94945
                                                                 -----
                  Novato, California
       (Address of principal executive offices)                (Zip Code)

        Registrant's telephone number including area code: (415) 899-1555
                                                           --------------

                                 Not Applicable
          (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))

================================================================================

<PAGE>

ITEM 2.02.        Results of Operations and Financial Condition
                  ---------------------------------------------

         The registrant has issued an earnings release for the three months
ended June 30, 2005, which is included herein as Exhibit 99.1.





ITEM 9.01         Financial Statements and Exhibits
                  ---------------------------------

                  (c)      Exhibits

                           Exhibit 99.1   Earnings release issued August 2,
                                          2005, by Hennessy Advisors, Inc.,
                                          for the three months ended June 30,
                                          2005.



                                       2
<PAGE>



                                   SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                        HENNESSY ADVISORS, INC.
                                        (registrant)



August 2, 2005                           By:   /s/ Neil J. Hennessy
                                            ------------------------------------
                                               Neil J. Hennessy
                                               President





                                  EXHIBIT INDEX

Exhibit 99.1      Earnings release issued August 2, 2005, by Hennessy Advisors,
                  Inc., for the three months ended June 30, 2005.








                                       3
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>dkm676a.txt
<DESCRIPTION>EXHIBIT 99 -- PRESS RELEASE
<TEXT>
[graphic omitted]
Hennessy Advisors, Inc.
750 Grant Avenue, Suite 100
Novato, CA 94945

                                                     News Release
August 2, 2005

Contact Name: Terry Nilsen                           FOR IMMEDIATE RELEASE
Contact Phone: 415-899-1555
Contact Fax: 415-899-1559

           HENNESSY ADVISORS, INC. ANNOUNCES THIRD QUARTER EARNINGS -
                       YEAR-TO-DATE EARNINGS INCREASE 19%

Novato, CA - August 2, 2005 - Hennessy Advisors, Inc. (OTCBB:HNNA)  Chief
Executive Officer and President, Neil Hennessy, today announced fully diluted
earnings per share for Hennessy Advisors, Inc. of $.31 for the third quarter
ended June 30, 2005. While earnings for this quarter were equal to earnings in
the prior comparable quarter, the diluted earnings per share for the nine months
ended June 30, 2005, were $.93, up from $.78 in the prior comparable period, an
increase of 19.2%.

"The financial markets have been quite volatile since January so we are very
pleased that we have been able to produce these strong quarterly and
year-to-date earnings for our shareholders," said Mr. Hennessy.

<TABLE>
                                                       Hennessy Advisors, Inc.

                                                         Financial Highlights

                                                            Period to Period

<CAPTION>
                                               Three Months Ended
Second Quarter                            June 30, 2005        June 30, 2004         $ Change        % Change
- ---------------------------------------------------------------------------------------------------------------
<S>                                      <C>                  <C>                 <C>                  <C>
Total Revenue                            $     2,806,085      $     2,601,735     $     204,350         7.9%
Net Income                               $       800,895      $       777,344     $      23,551         3.0%
Earnings per share (diluted)             $          0.31      $          0.31     $           -           0%
Weighted Average number of
shares outstanding                             2,596,361            2,517,993            78,368         3.1%




                                                 Nine Months Ended
Year-to-Date                             June 30, 2005         June 30, 2004         $ Change        % Change
- ---------------------------------------------------------------------------------------------------------------
Total Revenue                            $     8,318,023      $     7,003,986     $   1,314,037        18.8%
Net Income                               $     2,407,944      $     1,977,623     $     430,321        21.8%
Earnings per share (diluted)             $          0.93      $          0.78     $        0.15        19.2%
Weighted Average number of
shares outstanding                             2,592,422            2,542,568            49,854         2.0%


At Period Ending Date                    June 30, 2005         June 30, 2004         $ Change        % Change
- ---------------------------------------------------------------------------------------------------------------
Mutual Fund Assets Under
Management                               $ 1,373,165,918      $ 1,284,719,759     $  88,446,159         6.9%
</TABLE>

Hennessy Advisors, Inc., located in Novato, CA, is a publicly traded investment
firm, whose principal business activity is managing, servicing and marketing
mutual funds. The Hennessy Funds are no-load and utilize quantitative stock
selection strategies.


<PAGE>




Supplemental Information
- ------------------------

Nothing in this section shall be considered a solicitation to buy or an offer to
sell a security to any person in any jurisdiction where such offer,
solicitation, purchase or sale would be unlawful under the securities laws of
such jurisdiction. Mutual fund investing involves risk; loss of principal is
possible. While the Hennessy Funds are no load, management and distribution fees
and other expenses apply. For more complete information about the Hennessy
Funds, including fees and expenses, call 800-966-4354 to obtain a free
prospectus. Read it carefully before you invest or send money. The distributor
for the Hennessy Funds is Quasar Distributors, LLC.



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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