SCHEDULE 14A INFORMATION
                Proxy Statement Pursuant to Section 14(a) of the
                        Securities Exchange Act of 1934
                                (Amendment No. )

Filed by the Registrant [ X ]
Filed by a Party other than the Registrant [   ]

Check the appropriate box:

[   ]  Preliminary Proxy Statement                  [   ]  Confidential, for Use
       Only (as permitted by Rule 14a-6(e)(2))            of the Commission

[   ]  Definitive Proxy Statement
[ X ]  Definitive Additional Materials
[   ]  Soliciting Material under Rule 14a-12

                        Financial Industries Corporation
                (Name of Registrant as Specified In Its Charter)

                _________________________________________________

  (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

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[ X ]  No fee required.
[   ]  Fee  computed  on  table  below  per Exchange  Act Rules  14a-6(i)(1) and
       0-11.

     (1)  Title of each class of securities to which transaction applies:

     (2) Aggregate number of securities to which transaction applies:

     (3)  Per unit  price  or other  underlying  value of  transaction  computed
          pursuant to Exchange  Act Rule 0-11 (set forth the amount on which the
          filing fee is calculated and state how it was determined):

     (4)  Proposed maximum aggregate value of transaction:

     (5)  Total fee paid:

[   ]  Fee paid previously with preliminary materials: [ ] Check box if any part
       of the fee is  offset as  provided  by  Exchange  Act Rule 0-11(a)(2) and
       identify  the  filing  for which the offsetting fee was paid  previously.
       Identify the previous filing  by  registration statement  number, or  the
       form or schedule and the date of its filing.

     (1)  Amount previously paid:

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     (4)  Date Filed

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                       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): July 29, 2003




                        FINANCIAL INDUSTRIES CORPORATION
               (Exact name of Registrant as specified in charter)




           Texas                        0-4690                   74-2126975
(State or other jurisdiction     (Commission file number)   (I.R.S. employer
 of incorporation)                                           identification no.)





                      6500 River Place Blvd., Building One
                               Austin, Texas 78730
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (512) 404-5000



                        ________________________________


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ITEM 5.  Other Information

     As previously described in the Definitive Proxy Statement of FIC dated June
26,  2003  under  the  heading  entitled  "Certain   Relationships  and  Related
Transactions-New  Era  Transactions,"  American  Physicians  Service  Group Inc.
("APS") and a subsidiary of Equita  Financial  and Insurance  Services of Texas,
Inc.  ("Equita")  acquired  312,484 and 204,918  shares of Common  Stock of FIC,
respectively, from The Roy F. and Joann Cole Mitte Foundation (the "Foundation")
prior to the record date for the 2003 Annual  Shareholders  Meeting (the "Annual
Meeting").  Such  shares  were  subject  to  the  proxy  granted  to  FIC by the
Foundation  as more  particularly  described  in the Proxy  Statement  under the
heading entitled "Certain Relationships and Related  Transactions-Settlement  of
Litigation with Mitte Family."

     On July 29,  2003 FIC, at the  request of APS and M&W  Financial  Services,
Inc. ("M&W") (the Equita subsidiary), FIC released the proxy with respect to the
shares  of  Common  Stock of FIC  acquired  by APS and M&W from the  Foundation.
Accordingly,  APS and M&W can each vote their respective  shares directly at the
Annual Meeting.

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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.

                                        FINANCIAL INDUSTRIES CORPORATION



Date:  July 29, 2003                    By:    /s/ Theodore A. Fleron
                                            __________________________________
                                            Theodore A. Fleron
                                            General Counsel and Secretary



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