FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * HICKMAN WILLIAM III   2. Issuer Name and Ticker or Trading Symbol COMMUNITY TRUST BANCORP INC /KY/ [CTBI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President/Sec'y (Last) (First) (Middle) PO BOX 2947 3. Date of Earliest Transaction (Month/Day/Year) 01/28/2005 (Street) PIKEVILLE, KY 41502-2947 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/28/2005   J   22 A $ 0 243 (1) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option (2) (2)

$ 11.833

01/23/2001

J(3)

13,310

01/23/2006

01/23/2011

Common Stock

13,310

$ 11.833

13,310

D

Option (2) (2)

$ 16.717

01/29/2002

J(4)

9,983

01/29/2007

01/29/2012

Common Stock

9,993

$ 16.717

9,993

D

Option (5) (5)

$ 20.983

01/17/2003

J(6)

2,205

01/17/2004

01/17/2013

Common Stock

2,205

$ 20.983

2,205

D

Option (5) (5)

$ 20.983

01/17/2003

J(6)

2,205

01/17/2005

01/27/2013

Common Stock

2,205

$ 20.983

2,205

D

Option (5) (5)

$ 20.983

01/17/2003

J(6)

2,205

01/17/2006

01/27/2003

Common Stock

2,205

$ 20.983

2,205

D

Option (5) (5)

$ 20.983

01/17/2003

J(6)

2,205

01/17/2007

01/17/2013

Common Stock

2,205

$ 20.983

2,205

D

Option (2) (2)

$ 27.11

01/27/2004

J(7)

2,750

01/27/2009

01/27/2014

Common Stock

2,750

$ 27.11

2,750

D

Option (5) (5)

$ 30.88

01/28/2005

J

1,538

01/28/2006

01/28/2015

Common Stock

1,538

$ 30.88

1,538

D

Option (5) (5)

$ 30.88

01/28/2005

J

1,538

01/28/2007

01/28/2015

Common Stock

1,538

$ 30.88

1,538

D

Option (5) (5)

$ 30.88

01/28/2005

J

1,538

01/28/2008

01/28/2015

Common Stock

1,538

$ 30.88

1,538

D

Option (5) (5)

$ 30.88

01/28/2005

J

1,538

01/28/2009

01/28/2015

Common Stock

1,538

$ 30.88

1,538

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
HICKMAN WILLIAM III PO BOX 2947 PIKEVILLE, KY 41502-2947			Executive Vice President/Sec'y

Signatures

William Hickman III By: Marilyn T. Justice Attorney-in-Fact		01/31/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On October 26, 2004, CTBI declared a 10% stock dividend to all holders of record of common stock on December 1, 2004, payable December 15, 2004. As a result, the reporting person received 22 shares directly.
(2)	Right to buy pursuant to Management Retention Incentive Stock Option Agreement.
(3)	Option previously reported as covering 10,000 shares @$15.75 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03 & 12/15/04.
(4)	Option previously reported as covering 7,500 shares @$22.25 per share, adjusted to reflect 10% stock dividends effective 12/15/02, 12/15/03, & 12/15/04.
(5)	Right to buy pursuant to the CTBI 1998 Stock Option Plan.
(6)	Option previously reported as covering 6,695 shares @$25.39 per share, adjusted to reflect the 10% stock dividends effective 12/15/03 & 12/15/04.
(7)	Option previously reported as covering 2,500 shares @$29.82 per share, adjusted to reflect the 10% stock dividend effective 12/15/04.

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