-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CanyYkc3LHL9GwpVZnb//gfDNm/xIPNZxoOAnr6z7k/aIzGbDItHlqqPM7m76MK1
 beuCTtdSVEhIhNaIuh4zjg==

<SEC-DOCUMENT>0000946924-04-000006.txt : 20040105
<SEC-HEADER>0000946924-04-000006.hdr.sgml : 20040105
<ACCEPTANCE-DATETIME>20040105144449
ACCESSION NUMBER:		0000946924-04-000006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040102
FILED AS OF DATE:		20040105

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GAY BEN A
		CENTRAL INDEX KEY:			0001199230

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26556
		FILM NUMBER:		04503997

	MAIL ADDRESS:	
		STREET 1:		540 MAIN ST
		CITY:			KLAMATH FALLS
		STATE:			OR
		ZIP:			97601

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KLAMATH FIRST BANCORP INC
		CENTRAL INDEX KEY:			0000946924
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				931180440
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		540 MAIN ST
		CITY:			KLAMATH FALLS
		STATE:			OR
		ZIP:			97601
		BUSINESS PHONE:		5418823444

	MAIL ADDRESS:	
		STREET 2:		540 MAIN STREET
		CITY:			KLAMATH
		STATE:			OR
		ZIP:			97601
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-01-02</periodOfReport>


    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000946924</issuerCik>
        <issuerName>KLAMATH FIRST BANCORP INC</issuerName>
        <issuerTradingSymbol>KFBI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001199230</rptOwnerCik>
            <rptOwnerName>GAY BEN A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>540 MAIN ST</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>KLAMATH FALLS</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97601</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP/CCO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>



    <ownerSignature>
        <signatureName>/s/ Ben A. Gay</signatureName>
        <signatureDate>2004-01-02</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----