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):
                                 June 15, 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 June 15, 2000, Wachovia Corporation issued a press release concerning
its anticipated revenues and earnings for the second quarter of 2000 and for the
remainder of the year.


Item 6.  Not Applicable.

Item 7.  Exhibits.

     99.1 Press Release, dated June 15, 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: June 15, 2000

                                      -3-

EX-99.1

                                                                    Exhibit 99.1

For Additional Information:
Ed L. Hutchins, 336-732-4200
ed.hutchins@wachovia.com
June 15, 2000

FOR RELEASE: Immediately

                  Wachovia Expects Revenue Growth To Moderate

         Wachovia Corporation (NYSE: WB) announced today that it expects
reported revenue and net earnings growth for the second quarter and full year to
moderate from the estimates being projected by analysts. This slowing has been
caused primarily by the dampening of activity in market-sensitive businesses.
Specifically, rising interest rates have tempered growth in the company's
capital markets, mortgage and investment businesses and caused modestly reduced
margins in lending. Robert S. McCoy Jr., chief financial officer, stated,
"Notwithstanding the difficult interest rate environment, Wachovia should still
achieve good growth in revenue and earnings although at a somewhat slower pace
than the growth rate reported in 1999 or previously expected by management in
2000."

         Additionally, Wachovia plans to take a special provision expense of
approximately $200 million in the second quarter to increase its allowance for
loan losses and coverage of non-performing assets. "As growth in the economy has
diminished, pressure on customer performance has increased," said McCoy. "This
has led us to review in considerable detail the impact of the slowing economy on
the financial performance of customers. While the overall quality of the loan
portfolio remains strong, we have experienced a rise in non-performing loans."

         Wachovia Corporation is a financial holding company with reported
assets of $68.8 billion and shareholders' equity of $5.8 billion as of March 31,
2000. In 1999, Wachovia reported revenues, excluding loan loss provision expense
and securities gains, of $4.121 billion, up 13.6 percent from 1998. Wachovia's
operating earnings in 1999, excluding merger-related charges, were $1.024
billion, up 10.1 percent over 1998.