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               EXHIBIT 5: OPINION OF MULDOON MURPHY & AGUGGIA LLP







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                   [MULDOON MURPHY & AGUGGIA LLP LETTERHEAD]


                                December 9, 2005



Board of Directors
Kentucky First Federal Bancorp
479 Main Street
Hazard, Kentucky 41702

         Re:      KENTUCKY FIRST FEDERAL BANCORP 2005 EQUITY INCENTIVE PLAN

Board Members:

         We have been requested by Kentucky First Federal Bancorp, a federal
corporation (the "Company"), to issue our opinion in connection with the
registration on Form S-8 of 589,702 shares of the Company's common stock, par
value $.01 per share (the "Shares"). The registration statement on Form S-8
("Registration Statement") covers 589,702 Shares that may be issued as awards
under the Kentucky First Federal Bancorp 2005 Equity Incentive Plan (the
"Plan"). The Plan provides that no more than 421,216 Shares may be issued upon
the exercise of stock options and no more than 168,486 Shares may be issued upon
the grant of restricted stock awards. The registration of the shares is being
effected under the Securities Act of 1933, as amended (the "Securities Act").

         We have made such legal and factual examinations and inquiries as we
have deemed advisable for the purpose of rendering this opinion. In our
examination, we have assumed and have not verified (i) the genuineness of all
signatures; (ii) the authenticity of all documents submitted to us as originals;
(iii) the conformity with the originals of all documents supplied to us as
copies; and (iv) the accuracy and completeness of all corporate records and
documents and of all certificates and statements of fact, in each case given or
made available to us by the Company or its subsidiaries.

         Based on the foregoing and limited in all respects to Federal law, it
is our opinion that the Shares reserved for issuance under the Plan are duly
authorized and, with respect to the Shares of Company common stock issuable upon
the exercise of stock options granted or to be granted under the Plan, upon
payment for such stock options, and, with respect to awards of restricted stock
under the Plan, upon issuance of such shares in the manner described in the
Plan, the Shares granted or to be granted will be validly issued, fully paid and
nonassessable.

         We note that, although certain portions of the Registration Statement
on Form S-8 (the financial statements and schedules) have been included therein
(through incorporation by reference) on the authority of "experts" within the
meaning of the Securities Act, we are not experts with respect to any portion of
the Registration Statement, including, without limitation, the financial
statements or schedules or the other financial information or data included
therein.

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         We hereby consent to the filing of this opinion as an exhibit to the
Company's Registration Statement on Form S-8, and we consent to the use of the
name of our firm under the heading "Interests of Named Experts and Counsel"
therein.

                                            Very truly yours,


                                            /s/ Muldoon Murphy & Aguggia LLP
                                            ------------------------------------
                                            MULDOON MURPHY & AGUGGIA LLP









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