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


                                January 20, 2006
                ------------------------------------------------
                Date of Report (Date of Earliest Event Reported)


                            AMES NATIONAL CORPORATION
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


             IOWA                        0-32637                 42-1039071
--------------------------------------------------------------------------------
(State or Other Jurisdiction of  (Commission File Number)     (I.R.S. Employer
Incorporation or Organization)                               Identification No.)


                                405 FIFTH STREET
                                AMES, IOWA 50010
                    ----------------------------------------
                    (Address of Principal Executive Offices)


       Registrant's Telephone Number, Including Area Code: (515) 232-6251


                                 NOT APPLICABLE
              ----------------------------------------------------
              (Former Name, Former Address and Former Fiscal Year,
                         if Changed Since Last Report)


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Item 2.02 Results of Operations and Financial Condition

On January 20, 2006, Ames National  Corporation issued a News Release announcing
financial  results for the three and twelve  months  ended  December 31, 2005. A
copy of the News Release is attached hereto as Exhibit 99.1.


Item 9.01 Financial Statements and Exhibits

The following exhibit is filed as part of this Report:

  Exhibit No.                                             Description
  -----------                                -----------------------------------
     99.1                                    News Release dated January 20, 2006




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                                   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.


                                               AMES NATIONAL CORPORATION


Date:  January 20, 2006                        By: /s/ Daniel L. Krieger     
                                                   -----------------------------
                                                   Daniel L. Krieger, President
                                                   (Principal Executive Officer)


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                                  EXHIBIT INDEX


Exhibit No.                                             Description
-----------                                  -----------------------------------
   99.1                                      News Release dated January 20, 2006






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