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



                            December 8, 2003
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                   (Date of earliest event reported)



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



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



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



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



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

Item 5.   Other Events and Required FD Disclosure
          _______________________________________


     On December 8, 2003, First Federal Bancshares of Arkansas, Inc. issued a
press release announcing a two for one stock split.  A copy of the press
release is included as Exhibit 99.1 and is incorporated herein by reference.


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 December 8, 2003
























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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:  December 8, 2003

























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