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



                            October 29, 2003
______________________________________________________________________________
                    (Date of earliest event reported)



              First Federal Bancshares of Arkansas, Inc.
______________________________________________________________________________
        (Exact name of registrant as specified in its charter)



          Texas                       0-28312                 71-0785261
______________________________________________________________________________
(State or other jurisdiction  (Commission File Number)     (IRS Employer
of incorporation)                                       Identification No.)




1401 Highway 62-65 North, Harrison, Arkansas                     72601
______________________________________________________________________________
(Address of principal executive offices)                      (Zip Code)



                             (870) 741-7641
______________________________________________________________________________
          (Registrant's telephone number, including area code)



                             Not Applicable
______________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  The following exhibit is included with this Report:


     Exhibit No.         Description
     -----------         -----------

     99.1                Press Release, dated October 29, 2003


Item 9.   Regulation FD Disclosure (Results of Operations and Financial
          Condition)
          -------------------------------------------------------------

     On October 29, 2003, First Federal Bancshares of Arkansas, Inc. issued a
press release announcing its results of operations for the quarter ended
September 30, 2003. A copy of the press release is included as Exhibit 99.1
and is incorporated herein by reference.  This information, which is required
by Item 12 of Form 8-K, is being provided under Item 9 pursuant to Commission
Release 34-47583.























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                                 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.

                              FIRST FEDERAL BANCSHARES OF
                                ARKANSAS, INC.


                              By: /s/ Larry J. Brandt
                                 ------------------------
                                 Name:   Larry J. Brandt
                                 Title:  President and Chief Executive Officer

Date:  October 29, 2003































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