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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LrZEG1R9CdAOu8ZVZ9SmufUfa3vOd1vy2ZhekDBd8yNZlGRughD4nDK6prkIQdZP
 afaY5C85Xb/ge4LbQURDTg==

<SEC-DOCUMENT>0001216824-03-000001.txt : 20030716
<SEC-HEADER>0001216824-03-000001.hdr.sgml : 20030716
<ACCEPTANCE-DATETIME>20030715181916
ACCESSION NUMBER:		0001216824-03-000001
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030714
FILED AS OF DATE:		20030716

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NOLAN ROBERT CALVERT
		CENTRAL INDEX KEY:			0001216824

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12991
		FILM NUMBER:		03788105

	BUSINESS ADDRESS:	
		STREET 1:		3300 CALION ROAD
		CITY:			EL DORADO
		STATE:			AR
		ZIP:			71730

	MAIL ADDRESS:	
		STREET 1:		3300 CALION ROAD
		CITY:			EL DORADO
		STATE:			AR
		ZIP:			71730

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANCORPSOUTH INC
		CENTRAL INDEX KEY:			0000701853
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				640659571
		STATE OF INCORPORATION:			MS
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE MISSISSIPPI PL
		CITY:			TUPELO
		STATE:			MS
		ZIP:			38804
		BUSINESS PHONE:		6626802000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 789
		CITY:			TUPELO
		STATE:			MS
		ZIP:			38802-0789

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCORP OF MISSISSIPPI INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgardoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2003-07-14</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000701853</issuerCik>
        <issuerName>BANCORPSOUTH INC</issuerName>
        <issuerTradingSymbol>BXS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216824</rptOwnerCik>
            <rptOwnerName>NOLAN ROBERT CALVERT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeSecurity>
        <securityTitle>
            <value>Common Stock</value>
            <footnoteId id="F1"/>
        </securityTitle>
        <transactionDate>
            <value>2003-07-10</value>
        </transactionDate>
        <transactionCoding>
            <transactionFormType>5</transactionFormType>
            <transactionCode>A</transactionCode>
            <equitySwapInvolved>0</equitySwapInvolved>
        </transactionCoding>
        <transactionAmounts>
            <transactionShares>
                <value>167.2719</value>
                <footnoteId id="F2"/>
            </transactionShares>
            <transactionValue>
                <value>21.6713</value>
            </transactionValue>
            <transactionAcquiredDisposedCode>
                <value>A</value>
            </transactionAcquiredDisposedCode>
        </transactionAmounts>
        <postTransactionAmounts>
            <sharesOwnedFollowingTransaction>
                <value>175773.5934</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>
            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
    </nonDerivativeSecurity>

    <footnotes>
        <footnote id="F1">The reporting person also claims beneficial ownership of 475 securities held in a limited partnership.  The reporting person disclaims beneficial ownership of 416,198.75 securities held in various trusts; 9,519 securities held by grandchildren and 4,227 securities held by the spouse.  This footnote would normally be included on Column 5.</footnote>
        <footnote id="F2">Stock granted as compensation pursuant to the BancorpSouth, Inc.  Director Fee Stock Plan.  </footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Robert C. Nolan</signatureName>
        <signatureDate>2003-07-14</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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