8-K

UNITED STATES
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): October 16, 2003

THE NATIONAL SECURITY GROUP, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-18649	63-1020300
(State or other jurisdication of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
661 East Davis Street Elba, Alabama 36323		36323
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (334) 897-2273

N/A

(Former name or former address, if changed since last report)

Item 5. Other Events and Regulation FD Disclosure.

On October 16, 2003, The National Security Group, Inc. issued a press release declaring a quarterly dividend. A copy of this press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Exhibit Index

Exhibit No.          Description of Document

   99.1 Press release, dated October 16, 2003, issued by The National Security Group, Inc.

SIGNATURE

        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.

	The National Security Group, Inc.
Dated: October 16, 2003	By: /s/ Brian R. McLeod
	Brian R. McLeod Chief Financial Officer

EX-99.1

The National Security Group, Inc.
661 East Davis Street
Post Office Box 703
Elba, Alabama 36323 EXHIBIT 99.1

PRESS RELEASE

FOR IMMEDIATE RELEASE

For Additional Information: Contact M.L. Murdock – Chief Operational Officer @ (334) 897-2273 Ext. 238.

      THE NATIONAL SECURITY GROUP, INC.
DECLARES CASH DIVIDEND

ELBA, ALABAMA (OCTOBER 16, 2003)…THE BOARD OF DIRECTORS OF THE NATIONAL SECURITY GROUP, INC., DECLARED A QUARTERLY DIVIDEND OF $.21 PER SHARE AT ITS MEETING ON OCTOBER 16, 2003. THIS REPRESENTS AN ANNUAL INDICATED DIVIDEND RATE OF $.84 PER SHARE. THIS CASH DIVIDEND IS PAYABLE ON NOVEMBER 28, 2003 TO SHAREHOLDERS OF RECORD NOVEMBER 3, 2003. WITH ITS HOME OFFICE IN ELBA, ALABAMA, THE NATIONAL SECURITY GROUP, INC., IS AN INSURANCE HOLDING COMPANY. ITS SHARES ARE TRADED ON THE NASDAQ NATIONAL MARKET UNDER THE SYMBOL NSEC.