8-K

                       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): June 1, 2005

                        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


Former name or former address, if changed since last report - Not Applicable

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))



                                     - 1 -







     Item 7.01 Regulation FD Disclosure

     On June 2, 2005, the Registrant  issued a press release  announcing  that a
     subsidiary of the  Registrant  completed the sale of River Place Pointe,  a
     commercial   office  building   project  located  in  Austin,   Texas.  The
     transaction closed on June 1, 2005.

     A copy of the press  release  issued  by the  Registrant  on June 2,  2005,
     announcing the foregoing information is attached hereto as Exhibit 99.1.



     Item 9.01  Financial Statements and Exhibits.

          Exhibits.

               99.1 Text of  press release  of Financial Industries Corporation,
                    dated June 2, 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.



                                        FINANCIAL INDUSTRIES CORPORATION


Date: June 3, 2005                      By: /s/ J. Bruce Boisture
                                           _____________________________________
                                           J. Bruce Boisture
                                           Chief Executive Officer and
                                           President



                                     - 2 -

EX-99.1

Financial Industries Corporation Announces Completion of Real Estate Sale



AUSTIN,  Texas  -  (BUSINESS  WIRE)  -  June  2,  2005  -  Financial  Industries
Corporation ("FIC") (Pink Sheets: FNIN.PK) announced today that it completed the
sale of River Place Pointe,  a commercial  office  building  project  located in
Austin, Texas. The sale closed on June 1, 2005.

Investors  Life  Insurance  Company  of  North  America  ("Investors  Life"),  a
subsidiary of FIC, sold the project to River Place Pointe, L.P., an unaffiliated
third  party.  Aspen  Growth  Properties,  Inc.  is the  general  partner of the
purchaser. The River Place Pointe development consists of seven office buildings
totaling approximately 600,000 square feet, with associated parking,  drives and
related improvements.

Investors  Life has  entered  into a  five-year  lease with the  purchaser  with
respect to one of the River Place Pointe buildings.

The information in this release  relating to FIC's  operations,  future business
developments,  and contingencies and  uncertainties  constitute  forward-looking
statements under the Private Securities Litigation Reform Act of 1995. Financial
Industries   Corporation,   through  its  various   subsidiaries,   markets  and
underwrites  individual life insurance products. For more information on FIC, go
to http://www.ficgroup.com.

CONTACT:
Financial Industries Corporation, Austin
Brad Cohen, 512-404-5128
ir@ficgroup.com