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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(Print or Type Responses)

1. Name and Address of Reporting Person * WASSON MICHAEL S   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 (Last) (First) (Middle) 100 EAST VINE STREET 3. Date of Earliest Transaction (Month/Day/Year) 12/15/2004 (Street) LEXINGTON, KY 40507 4. If Amendment, Date Original Filed(Month/Day/Year) 01/31/2005 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 12/15/2004   J(1)   12 A $ 0 133 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)

$ 11.27

10/24/2000

J(3)

4,620

10/24/2005

10/24/2010

Common Stock

26,620

$ 11.27

26,620

D

Option (2)

$ 16.717

01/29/2002

J(4)

1,155

01/29/2007

01/29/2012

Common Stock

6,655

$ 16.717

6,655

D

Option (5)

$ 20.983

01/17/2003

J(6)

304

01/17/2004

01/17/2013

Common Stock

1,751

$ 20.983

1,751

D

Option (5)

$ 20.983

01/27/2003

J(6)

304

01/17/2005

01/17/2013

Common Stock

1,751

$ 20.983

1,751

D

Option (5)

$ 20.983

01/17/2003

J(6)

304

01/17/2006

01/17/2013

Common Stock

1,751

$ 20.983

1,751

D

Option (5)

$ 20.983

01/17/2003

J(6)

304

01/17/2007

01/17/2013

Common Stock

1,751

$ 20.983

1,751

D

Option (2)

$ 27.109

01/27/2004

J(7)

250

01/27/2009

01/27/2014

Common Stock

2,750

$ 27.109

2,750

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WASSON MICHAEL S 100 EAST VINE STREET LEXINGTON, KY 40507			Executive Vice President

Signatures

Michael S. Wasson By: Marilyn T. Justice Attorney-in-Fact		02/10/2005
**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 12 shares directly.
(2)	Right to buy pursuant to the Management Retention Incentive Stock Option Plan.
(3)	Option previously reported as covering 20,000 shares @$15 per share, adjusted to reflect the 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.
(4)	Option previously reported as covering 5,000 shares @$22.25 per share, adjusted to reflect the 10% stock dividends effective 12/15/02, 12/15/03, and 12/15/04.
(5)	Right to buy pursuant to the CTBI 1998 Stock Option Plan.
(6)	Option previously reported as covering 1,447 shares @$25.39 per share, adjusted to reflect the 10% stock dividends effective 12/15/03 and 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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