EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

	Jurisdiction	Holder of
Name	of Incorporation/Organization	Outstanding Stock
BancorpSouth Bank	Mississippi	BancorpSouth, Inc.
BancorpSouth Insurance Services, Inc.	Mississippi	BancorpSouth Bank
BancorpSouth Municipal Development Corporation	Arkansas	BancorpSouth Bank
BancorpSouth Bank Securities Corporation	Mississippi	BancorpSouth Bank
Gumtree Wholesale Insurance Brokers, Inc.	Mississippi	BancorpSouth Bank
Business Holding Company Trust I	Delaware	BancorpSouth, Inc.
American State Capital Trust I	Delaware	BancorpSouth, Inc.