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 * EVANS KATHLEEN M   2. Issuer Name and Ticker or Trading Symbol AMCON DISTRIBUTING CO [DIT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 1750 COUNTY RD 49 3. Date of Earliest Transaction (Month/Day/Year) 11/08/2007 (Street) OMAHA, NE 68152 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, par value $.01 per share 11/08/2007   M   5,500 A $ 15.684 29,922 (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

Stock Option (Right to Buy)

$ 15.684 (2)

11/08/2007

M

5,500 (2)

(2)

11/10/2007

Common Stock

5,500 (2)

$ 0

0

D

Stock Option (Right to Buy)

$ 49.091 (3)

06/18/1999

06/18/2009

Common Stock

916 (3)

916

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
EVANS KATHLEEN M 1750 COUNTY RD 49 OMAHA, NE 68152	X		President

Signatures

Kathleen M. Evans		11/09/2007
**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)	As a result of the March 2004 one-for-six reverse stock split of the Issuer's common stock, the 146,536 shares previously reported for the reporting person were reduced by 122,114 shares.
(2)	This option has been adjusted pursuant to its anti-dilution provisions to reflect the March 2004 one-for-six reverse stock split of the Issuer's commmon stock. Prior to this reverse stock split, this option covered 33,000 shares at an exercise price of $2.614 per share. This option became exercisable as follows: 40% on the November 10, 1997 and 20% on each of the first three annivesaries of the grant date.
(3)	This option has been adjusted pursuant to its anti-dilution provisions to reflect the March 2004 one-for-six reverse stock split of the Issuer's common stock. Prior to this reverse stock split, this option covered 5,500 shares at an exercise price of $8.182.

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