UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


               Date of Report (Date of earliest event reported):
                        March 20, 2007 (March 15, 2007)



                           FIRST BANCTRUST CORPORATION
          ------------------------------------------------------------
             (Exact name of registrant as specified in its charter)



         DELAWARE                     000-32535                  37-1406661
State or other jurisdiction          (Commission               (IRS Employer
     of Incorporation                File Number)            Identification No.)


                    101 SOUTH CENTRAL AVENUE, PARIS, IL 61944
               (Address of principal executive offices) (Zip Code)

                                 (217) 465-6381
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:



/ /  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

/ /  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

/ /  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

/ /  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


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ITEM 8.01         OTHER EVENTS.

                  On March 16, 2007, First BancTrust Corporation issued a news
                  release to report that its Board of Directors authorized the
                  repurchase of up to an additional 117,710 shares of the
                  Company's common stock, or five percent of the Company's
                  outstanding shares. This action is a continuation of its stock
                  repurchase program first begun in March, 2003. The release is
                  furnished as Exhibit 99.1 hereto.

ITEM 9.01         FINANCIAL STATEMENTS AND EXHIBITS.

                  (d)      Exhibits.
                           --------

                           Exhibit Number

                           99.1     Press Release, dated March 16, 2007 issued
                                    by First BancTrust Corporation


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                           SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                         FIRST BANCTRUST CORPORATION



Dated:  March 16, 2007                   /s/ Terry J. Howard
                                         -------------------------------------
                                         Terry J. Howard
                                         President and Chief Executive Officer



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                                  EXHIBIT INDEX

Exhibit Number

         99.1     Press Release, dated March 16, 2007 issued by First BancTrust
                  Corporation




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