8-K

                       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):
                                 April 19, 2000

                              WACHOVIA CORPORATION
             (Exact name of registrant as specified in its charter)



        NORTH CAROLINA                   No. 1-9021             No. 56-1473727
(State or other jurisdiction of   (Commission File Number)      (IRS Employer
        incorporation)                                       Identification No.)



                 100 North Main Street, Winston-Salem, NC 27101
                   191 Peachtree Street NE, Atlanta, GA 30303
                    (Address of principal executive offices)


Registrant's telephone number, including area code:
                  Winston-Salem     336-770-5000
                  Atlanta           404-332-5000



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


Items 1 - 4.  Not Applicable.

Item 5.  Other Events

     On April 19, 2000, Wachovia Corporation issued a press release concerning
its earnings and results for the first quarter of 2000.


Item 6.  Not Applicable.

Item 7.  Exhibits.

     99.1 Press Release, dated April 19, 2000, issued by Wachovia Corporation.

                                      -2-


                                    SIGNATURE

     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.

                                            WACHOVIA CORPORATION



                                            By:     /s/ Robert S. McCoy, Jr.
                                                --------------------------------
                                                Name:  Robert S. McCoy, Jr.
                                                Title: Vice Chairman and
                                                       Chief Financial Officer

Date: April 20, 2000

                                      -3-

EX-99.1

                                                                    Exhibit 99.1


April 19, 2000

Wachovia Announces First Quarter Results; Operating Earnings Per Share $1.30, Up
10.2 Percent

Wachovia Corporation (NYSE: WB) today announced operating earnings of $1.30 per
diluted share in the first quarter of 2000, up 10.2 percent from $1.18 per share
a year earlier. First quarter operating net income rose 8.7 percent to $264.5
million compared with $243.2 million a year earlier. Total revenue rose 15.6
percent during the quarter. Annualized returns on equity and assets were 18.60
percent and 1.56 percent, respectively. These results include the effect of
acquisitions completed early in first quarter 2000 of B C Bankshares Inc. and
the credit card portfolio of Partners First Holdings LLC. Operating earnings for
the quarter exclude merger-related expenses and a previously announced
litigation settlement. Including these expenses, net income for the first
quarter of 2000 was $244.7 million or $1.20 per diluted share.

"Wachovia achieved strong earnings growth for the quarter as loan volumes
steadily increased despite a rising interest rate environment," said L.M. Baker
Jr., chairman and chief executive officer. "Fee income increased more than 40
percent compared with last year, benefitting from acquisitions and excellent
gains in investment services. Wachovia is continuing to execute its strategy of
aligning businesses to focus on growth opportunities while exercising
disciplined expense management."

Wachovia Corporation (WB)                              First Quarter
Financial Summary *                              2000        1999       Change
Operating net income ($ millions)              $264.5      $243.2         8.7%
Operating earnings per diluted share            $1.30       $1.18        10.2%
Total revenues ($ millions) **               $1,099.6      $951.5        15.6%
Return on equity                               18.60%      18.31%      29 b.p.
Return on assets                                1.56%       1.51%       5 b.p.

* excludes nonrecurring                ** excludes loan loss provision


charges                                and securities sales

Total revenues rose $148.1 million or 15.6 percent for the three months from a
year earlier. Taxable equivalent net interest income was up $11 million or 2
percent for the quarter. Adjusted for the impact of securitization transactions,
taxable equivalent net interest income was up approximately $38 million or 6
percent. Loan growth averaged 9.3 percent, a $4.3 billion increase from the
first quarter of 1999, driven by a higher volume of commercial loans. Total
other operating revenue, excluding acquisitions, advanced approximately 12
percent for the quarter largely from investment fees, credit card income,
deposit service charges, processing revenues on securitized receivables and
electronic banking.

The provision for loan losses was $73.7 million for the three months, decreasing
$7 million or 8.6 percent from the comparable 1999 period. Net loan losses were
$73.3 million, which represented .58 percent of average loans for the quarter,
down $7 million or 8.7 percent from the 1999 first quarter. Excluding credit
cards, net loan losses were .18 percent of loans for the quarter. Nonperforming
assets comprised .48 percent of loans and foreclosed property and increased $22
million from the preceding quarter, primarily due to the deterioration of one
commercial loan.

Noninterest expense, excluding nonrecurring charges, was higher by $117.6
million or 23.9 percent for the first quarter. Excluding expenses added by
acquisitions, noninterest expense rose approximately 4 percent during the
quarter. Expense increases were concentrated in occupancy costs, depreciation of
computers and related equipment, amortization of intangible assets and marketing
expense.