SECURITIES AND EXCHANGE COMMISSION
                           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)
                             January 16, 1998




                           CLASSIC BANCSHARES, INC.
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           (Exact name of Registrant as specified in its Charter)


         Delaware                     0-27170                61-1289391
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(State or other jurisdiction    (Commission File No.)       (IRS Employer   
 
of incorporation)                                           Identification 
                                                             No.)       


    344 17th Street, Ashland, Kentucky                           41101
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(Address of principal executive offices)                        (Zip Code)




        Registrant's telephone number, including area code: (606) 325-4789
                                                            --------------


                                  N/A
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       (Former name or former address, if changed since last report)



Item 5.     Other Events

     On January 16, 1998, the Registrant issued the press release attached 
hereto as Exhibit 99 announcing  its earnings for the quarter ended
December 31, 1997 and the declaration of a cash dividend.

Item 7.     Financial Statements and Exhibits

     (a)     Exhibits

            99 Press release dated January 16, 1998.



                                   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 thereunto duly authorized.

                                       CLASSIC BANCSHARES, INC.




Date: January 27, 1998             By: /s/Lisah M. Frazier
     -----------------                 ---------------------------------
                                       Lisah M. Frazier, Vice President,
                                        Treasurer and Chief Financial
                                        Officer