EX-5 2 ex5-1.htm EX5-1 OPINION OF KUTAK CONSENT OF KUTAK ROCK
    Exhibit 5.1

                                                  August 26, 2004


Acxiom Corporation
1 Information Way
P. O. Box 8180
Little Rock, Arkansas 72203 - 8180

         Re:      REGISTRATION ON FORM S-8 OF SHARES OF COMMON STOCK PAR VALUE $.10 PER SHARE, OFFERED PURSUANT TO THE 2000
                  ASSOCIATE STOCK OPTION PLAN OF ACXIOM CORPORATION

Ladies and Gentlemen:

         We are acting as counsel to Acxiom Corporation, a Delaware corporation (the "Company"), in connection with the
registration under the Securities Act of 1933, as amended, of up to 950,000 additional shares (the "Shares") of common stock,
par value $.10 per share, of the Company issuable under the 2000 Associate Stock Option Plan of Acxiom Corporation (the "Plan").

         We have examined such documents, records, and matters of law as we have deemed necessary for purposes of this opinion.
Based on such examination and on the assumptions set forth below, we are of the opinion that the Shares to be offered and sold,
when issued and delivered in accordance with the terms and provisions of the Plan, against receipt of the consideration provided
for therein, will be validly issued, fully paid, and nonassessable.

         In rendering this opinion, we have (i) assumed and have not independently verified (a) the due authorization, execution
and delivery of the Plan, (b) that all signatures on all certificates and other documents examined by us are genuine, and that,
where any such signature purports to have been made in a corporate, governmental or other capacity, the person who affixed such
signature to such certificate or other document had authority to do so, and (c) the authenticity of all documents submitted to us
as originals and the conformity to original documents of all documents submitted to us as copies and (ii) as to certain factual
matters, relied upon certificates of public officials and of the Company and its officers and have not independently checked or
verified the accuracy of the factual statements contained therein.  In addition, our examination of matters of law has been limited
to the General Corporation Law of the State of Delaware, and the Delaware case law decided thereunder, and the federal laws of the
United States of America, in each case in effect on the date hereof.

         We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement.



                                                     Very truly yours,



                                                     /s/ Kutak Rock LLP