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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 5fs/8uB2nGIh5aP9f5i7xA==

<SEC-DOCUMENT>0001225208-09-011152.txt : 20090501
<SEC-HEADER>0001225208-09-011152.hdr.sgml : 20090501
<ACCEPTANCE-DATETIME>20090501133942
ACCESSION NUMBER:		0001225208-09-011152
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090501
FILED AS OF DATE:		20090501
DATE AS OF CHANGE:		20090501

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HOLLIMAN WILBERT GLENN JR
		CENTRAL INDEX KEY:			0001216832

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12991
		FILM NUMBER:		09788333

	MAIL ADDRESS:	
		STREET 1:		4452 LAKEWOOD
		CITY:			BELDEN
		STATE:			MI
		ZIP:			38826

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANCORPSOUTH INC
		CENTRAL INDEX KEY:			0000701853
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				640659571
		STATE OF INCORPORATION:			MS
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE MISSISSIPPI PL
		CITY:			TUPELO
		STATE:			MS
		ZIP:			38804
		BUSINESS PHONE:		6626802000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 789
		CITY:			TUPELO
		STATE:			MS
		ZIP:			38802-0789

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCORP OF MISSISSIPPI INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-01</periodOfReport>

    <issuer>
        <issuerCik>0000701853</issuerCik>
        <issuerName>BANCORPSOUTH INC</issuerName>
        <issuerTradingSymbol>BXS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216832</rptOwnerCik>
            <rptOwnerName>HOLLIMAN WILBERT GLENN JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4452 LAKEWOOD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BELDEN</rptOwnerCity>
            <rptOwnerState>MS</rptOwnerState>
            <rptOwnerZipCode>38826</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-05-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>500</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">These shares were granted to the reporting person on May 1, 2009 as restricted stock units under the BancorpSouth, Inc. 1995 Non-Qualified Stock Option Plan for Non-Employee Directors. The shares will vest upon the date of the first annual shareholders meeting of the Company that follows the date this Award is granted by at least six months.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>W. G. Holliman Jr.</signatureName>
        <signatureDate>2009-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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