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): January 31, 2005

                         AEROCENTURY CORP.
      (Exact name of Registrant as specified in its charter)

  DELAWARE                                          94-3263974
 (State or other jurisdiction of                (I.R.S. Employer
 incorporation or organization)                 Identification No.)


                  1440 Chapin Avenue, Suite 310
                       Burlingame, CA 94010
       (Address of principal executive offices) (Zip Code)

                           650-340-1888
       (Registrant's telephone number including area code)

                          Not applicable
  (Former name and former address. if changed since last report)



Item 2.02:  Earnings Announcement

     On January 31, 2005, AeroCentury Corp. (the "Company") announced via press
     release  the  Company's  preliminary  results  for its  fiscal  year  ended
     December  31,  2004. A copy of the  Company's  press  release is attached
     hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are provided
     under Item 2.02 of Form 8-K and are  furnished  to, but not filed with, the
     Securities and Exchange Commission.

 Exhibits

 Exhibit 99.1           12/31/2004 Earnings Press Release

 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, thereto duly authorized.

 Date: January 31, 2005

 AEROCENTURY CORP.

 By: /s/ Neal D. Crispin

 Neal D. Crispin,
 Chairman of the Board and President