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

Date of Report (Date of earliest event reported)                January 30, 2004
                                                                ----------------


                       EXCHANGE NATIONAL BANCSHARES, INC.
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             (Exact name of Registrant as specified in its charter)


Missouri                               0-23636                    43-1626350
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(State or other Jurisdiction   (Commission File Number)       (I.R.S. Employer
of Identification No.)                                          Incorporation)


132 East High Street, Jefferson City, Missouri                       65101
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  (Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code    (573) 761-6100
                                                      --------------


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



ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE

         On January 30, 2004, Exchange National Bancshares, Inc. issued a press
release announcing its 2003 earnings. The full text of the press release is
furnished as an exhibit to this report on Form 8-K.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

         (c) Exhibits

         Exhibit No.       Description

         Exhibit 99        Exchange National Bancshares, Inc. press release
                           dated January 30, 2004

                                      * * *



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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 hereunto duly authorized.


                                              EXCHANGE NATIONAL BANCSHARES, INC.


Date: January 30, 2004
                                              By: /s/ JAMES E. SMITH
                                                 -------------------------------
                                                 James E. Smith
                                                 Chairman and CEO



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                                  EXHIBIT INDEX


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

Exhibit 99                 Exchange National Bancshares, Inc. press release
                           dated January 30, 2004.



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