UNITED STATES
                       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


                                January 21, 2005
                Date of Report (Date of Earliest Event Reported)


                            AMES NATIONAL CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


        IOWA                            0-32637                 42-1039071
(State or Other Jurisdiction of  (Commission File Number)    (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


                                405 FIFTH STREET
                                AMES, IOWA 50010
                    (Address of Principal Executive Offices)


       Registrant's Telephone Number, Including Area Code: (515) 232-6251


                                 NOT APPLICABLE
              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)



Item 2.02  Results of Operations and Financial Condition

     On January  21,  2005,  Ames  National  Corporation  issued a News  Release
announcing  financial results for the three and twelve months ended December 31,
2004. A copy of the News Release is attached hereto as Exhibit 99.1.

Item 9.01  Financial Statements and Exhibits

The following exhibit is filed as part of this Report:

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

                  99.1                   News Release dated January 21, 2005


                                   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 hereunto duly authorized.

                                                  AMES NATIONAL CORPORATION

Date:  January 21, 2005                           By:   /s/ Daniel L. Krieger
                                                  ------------------------------
                                                  Daniel L. Krieger, President
                                                 (Principal Executive Officer)




                                  EXHIBIT INDEX

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

            99.1                         News Release dated January 21, 2005