8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):

April 20, 2006

AMSOUTH BANCORPORATION

(Exact name of registrant as specified in its charter)

DELAWARE	1-7476	63-0591257
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

AMSOUTH CENTER

1900 FIFTH AVENUE NORTH

BIRMINGHAM, ALABAMA 35203

(Address, including zip code, of principal executive office)

Registrant’s telephone number, including area code: (205) 320-7151

Not applicable

(Former name or former address, if changed since last report.)

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 communication 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))

Item 7.01 Regulation FD Disclosure

In accordance with general instruction B.2 of Form 8-K, the following information is furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

The Registrant’s Chairman is scheduled to make a presentation at the conclusion of AmSouth’s Annual Meeting of Shareholders on April 20, 2006.

A copy of the visual presentation is being furnished as Exhibit 99.1 to this report, substantially in the form intended to be used.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The exhibit listed in the exhibit index is furnished pursuant to Regulation FD as part of this current report on Form 8-K and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934.

Exhibit Index

Exhibit No.	Exhibit
99.1	Visual Presentation of April 20, 2006

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.

AMSOUTH BANCORPORATION
By:	/s/ John D. Buchanan
Name:	John D. Buchanan
Title:	Executive Vice President, Corporate Secretary and General Counsel

Date: April 20, 2006

EX-99.1

C. Dowd Ritter

Chairman and Chief Executive Officer

Exhibit 99.1

2005 Performance Highlights

•

Net income (in millions)

$725.7

•

Diluted earnings per share

$2.04 

•

Return on equity

20.4%

•

Net Interest Margin

3.38%

•

Efficiency ratio

52.0%

•

Net charge-off ratio

0.27%

•

Nonperforming asset ratio

0.34%

2005

2005 Noteworthy Events

•

Hurricanes Katrina, Rita and Wilma

•

Sale of mutual fund management business

•

Regulatory compliance

•

Approvals for branch expansion

AmSouth Maintains a Leadership

Position in Attractive Markets (1Q ’06)

•

$10 billion Market Cap

•

$53 billion in Assets

•

700 Branches

•

1,200+ ATM’s

•

1.9 million Households

•

12,400 Employees

AmSouth in the Marketplace

Community Giving

•

$7.9 million in

contributions in

2005

First Quarter 2006 Performance Highlights

•

Net income (in millions)

$181.0

•

Diluted earnings per share     

$0.52

•

Return on equity

20.5%

•

Net Interest Margin

3.42%

•

Efficiency ratio

52.53

•

Net charge-off ratio

0.47%

•

Nonperforming asset ratio

0.27%

Strategic Initiatives

•

Sustain growth in Consumer Banking

•

Continue aggressive growth in Business Banking

•

Grow Commercial Banking business with improved

credit quality

•

Double contribution from Wealth Management

•

Double Florida’s contribution

•

Emphasize sales productivity, service quality and

customer retention

•

Leverage technology across all lines of business with

increasing emphasis on Internet services

Florida –

Current Operations

•

Loans:  $9.9 billion, 27% of

total company

•

Deposits:  $9.5 billion, 26% of total

company

•

Branches:  232, 34% of entire network

•

Households

–

Consumer Banking:  29% of total company

–

Business Banking:

35% of total

company

Why expand further in Florida?

•

Highest growth rate among top 10 most populous states

•

Florida’s population grows by 1,000 people each day

•

Over 250,000 new jobs created last year

•

Evolving economic diversification

•

AmSouth average Florida growth –

4Q04 to 4Q05

–

Loans:  Up 20% ($1.6 billion)

–

Deposits:  Up 21% ($1.6 billion)

Florida results from branches opened

in the last four years

$136

$535

$943

$285

$894

$1,589

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2003

2004

2005

Loans  

Deposits  

2006 Branch Expansion Plan

•

64 Branches –

Full year 2006

–

First Quarter

12 –

Florida

3 –

Other high growth markets

–

Remaining quarters

42 –

Florida

7 –

Other high growth markets

$21,189

$10,275

$0

$5,000

$10,000

$15,000

$20,000

$25,000

5 Year

AmSouth

S&P 500 Index

16.2%

0.5%

AmSouth Outperforms Broader Market

$32,126

$23,830

$0

$10,000

$20,000

$30,000

$40,000

10 Year

AmSouth

S&P 500 Index

12.4%

9.1%

AmSouth Outperforms Broader Market

AmSouth Outperforms Broader Market

$772,800

$373,077

$0

$150,000

$300,000

$450,000

$600,000

$750,000

$900,000

Since 1971

AmSouth

S&P 500 Index

13.6%

11.2%

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99

00

01

02

Outstanding Record of Dividend Growth

35 Years of Higher Dividends

Current Yield = 3.8%

Mergent’s “Dividend Achiever”

03

04

05

06

ANNUAL MEETING OF SHAREHOLDERS

April 20, 2006