FYE 12/31/06
 

U. S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

FORM 10-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the fiscal year ended December 31, 2006
OR  
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from _________ to __________
COMMISSION FILE NUMBER:       000-50224
SECURITY CAPITAL CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
    
MISSISSIPPI  64-0681198
(STATE OF INCORPORATION) (I. R. S. EMPLOYER IDENTIFICATION NO.)

295 HIGHWAY 6 WEST/ P. O. BOX 690
BATESVILLE, MISSISSIPPI 		38606
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

662-563-9311
 (ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE)

    
SECURITIES REGISTERED UNDER SECTION 12(B) OF THE ACT:
  

TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED
NONE NONE

    
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:
  

TITLE OF EACH CLASS NAME OF EACH EXCHANGE ON WHICH REGISTERED
Common Stock, $5 par value
     		NONE
Indicated by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. [ X ] YES [ ] NO
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [ X ] YES [ ] NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10 K or any amendment to this Form 10 K.      [ X ]
 
Indicate by check mark whether the registrant is a large accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):         Large accelerated filer [  ]
        Accelerated filer [ X ]
        Non-accelerated filer [  ] 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). [   ] YES [ X ] NO
Based on the stockholders of record on December 31, 2006, the aggregate market value of the voting stock held by non-affiliates of the Registrant was $82.0 million
    
Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date.
TITLE Outstanding at December 31, 2006
COMMON STOCK, $5.00 PAR VALUE 2,744,070 

DOCUMENTS INCORPORATED BY REFERENCE
Portions of the following documents are incorporated by reference into Parts III of the Form 10-K report: Proxy Statement dated April 6, 2007.

CROSS REFERENCE INDEX
 
PART I.  FINANCIAL INFORMATION    
     Item 1. Business    
     Item 1A Risk Factors
     Item 1B Unresolved Staff Comments
     Item 2. Properties
     Item 3. Legal Proceedings
     Item 4. Submission of Matters to a Vote of Security Holders
  
PART II.		   
    
     Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities
     Item 6. Selected Financial Data
     Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations
     Item 7A. Quantitative and Qualitative Disclosures about Market Risk
     Item 8. Financial Statements and Supplementary Data
     Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
     Item 9A. Controls and Procedures
     Item 9B. Other Information
  
PART III.		  
     Item 10. Directors and Executive Officers of the Registrant
     Item 11. Executive Compensation    
     Item 12. Security Ownership of Management and Related Stockholder Matters    
     Item 13. Certain Relationships and Related Transactions    
     Item 14. Principal Accounting Fees and Services     
  
PART IV.		  
     Item 15. Exhibits and Financial Statement Schedules    

* Information called for by Part III (Items 10 through 14) is incorporated by reference to the Registrant's Proxy Statement dated April 6, 2007.
Part I  |  Part II  |  Part III  |  Part IV   >>>