SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    Form 8-K

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):   October 20, 1999

                 FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY
              ---------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Kentucky                  0-18832              61-1168311
(State or other jurisdiction     (Commission         (I.R.S. Employer
     of incorporation)           File Number)        Identification No.)


2323 Ring Road, Elizabethtown, Kentucky                     42701
(Address of principal executive office)                  (Zip Code)


Registrant's telephone number, including area cod:  (502)765-2131


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






Item 5.  Other Events

     On  September  28,  1999 the  registrant's  Board of  Directors  authorized
establishment of a stock repurchase program pursuant to which the registrant may
repurchase  up  to  392,962  shares  of  its  common  stock,   which  represents
approximately  10% of its  outstanding  stock,  from  time to  time in the  open
market.  Such stock purchases are expected to be completed within 18 months. For
information  regarding  the  repurchase  program,   reference  is  made  to  the
registrant's  press release  dated October 14, 1999 which is attached  hereto as
Exhibit 28.1 and incorporated herein by reference.

Item 7.           Financial Statements, Pro Forms Financial Information
                  and Exhibits

         Exhibit 28.1 - Press Release dated October 14, 1999.





EXHIBIT 28.1                          NEWS RELEASE

                                     For Immediate Release - October 14, 1999
                                     Contact:     B. Keith Johnson
                                                  President & C.E.O.

                 FIRST FEDERAL FINANCIAL CORPORATION OF KENTUCKY
                     ANNOUNCES NEW STOCK REPURCHASE PROGRAM


ELIZABETHTOWN, Kentucky (October 14, 1999) - First Federal Financial Corporation
of Kentucky (NASDAQ symbol "FFKY") announced today that it is commencing another
stock  repurchase  program to acquire up to 10% of the  corporation's  currently
outstanding  shares of common stock.  The program will be dependent  upon market
conditions  and S.E.C.  regulations,  and there is no  guarantee as to the exact
number of shares to be repurchased by the corporation.

B. Keith  Johnson,  President and C.E.O.  stated,  "The  corporation's  previous
repurchase  programs have been very  successful.  The  programs,  which began in
1995,  have  repurchased  a total of  605,545  shares  and have  resulted  in an
enhancement  to  earnings  per  share.  Due to  these  successes,  the  Board of
Directors has decided to implement a new 18-monh stock repurchase program."

According to Mr. Johnson,  the repurchase  generally  would be effected  through
open  market  purchases,  although  he did  not  rule  out  the  possibility  of
unsolicited negotiated transactions or other types of repurchases.

The common stock of First Federal Financial  Corporation is traded on the NASDAQ
system  under the  symbol  "FFKY."  Market  makers  for the  stock  are  Capital
Resources,  Inc.-J.J.B.  Hilliard,  W.L.  Lyons,  Inc.-and  Stifel,  Nicholaus &
Company, Inc.






                                   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.


                                   FIRST FEDERAL FINANCIAL CORPORATION
                                   OF KENTUCKY



                                            BY:  B. Keith Johnson
                                            -----------------------
                                            B. Keith Johnson
                                            President & Chief Executive Officer
Date:  October 20, 1999