X0201 5 2003-12-31 1 0 0 0000055362 KENTUCKY INVESTORS INC KINV 0001223508 YEARY WILMA C P O BOX 717 FRANKFORT KY 40602 0 1 0 0 Corporate Secretary Common Stock 2003-06-30 5 J 0 475.037 26 A N/A 12949.448 I (3) Common Stock 2003-12-31 5 J 0 260.167 26.55 A N/A 13175.319 I (3) N/A 401(k) Plan securities acquired this date. Tap & CO. is Trustee for Kentucky Investors, Inc. and Affiliated Companies 401(k) Plan and receives dividends. Reporting person is a participant in the Plan. Wilma Yeary retired as Corporate Secretary 12-31-03. Jane S. Jackson, Corporate Secretary, Kentucky Investors, Inc. on behalf of Wilma C. Yeary 2004-02-02