EXHIBIT 23.1

                      CONSENT OF MONROE SHINE & CO., INC.

 
             [LETTERHEAD OF MONROE SHINE & CO., INC. APPEARS HERE]


                        CONSENT OF INDEPENDENT AUDITORS


Board of Directors
First Capital, Inc.
First Federal Bank, a Federal Savings Bank
Corydon, Indiana



We consent to the use in this Registration Statement on Form SB-2 on behalf of 
First Capital, Inc. of our report dated July 22, 1998, relating to the financial
statements of First Federal Bank, a Federal Savings Bank which appear in the 
Prospectus contained in such Registration Statement. We also consent to the 
reference to us under the heading "Experts" contained in the Prospectus. 

Monroe Shine & Co., Inc.

/s/ MONROE SHINE & COMPANY., INC.

New Albany, Indiana 47150
September 16, 1998