UNITED STATES

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): November 28, 2006

FIRST STATE BANCORPORATION

(Exact name of registrant as specified in its charter)

NEW MEXICO	001-12487	85-0366665
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

7900 JEFFERSON, N.E., ALBUQUERQUE, NEW MEXICO	87109
(Address of principal executive offices)	(Zip Code)

(505) 241-7500

Registrant’s Telephone Number, including area code

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 communications 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 8.01 Other Events.

On November 28, 2006, First State Bancorporation began a road show, to promote its offering of common stock. The majority of the proceeds from the offering will be used to fund the purchase price of the acquisition of Front Range Capital Corporation, a Colorado corporation (“Front Range”) and Heritage Bank, a Colorado state chartered bank and a wholly owned subsidiary of Front Range, which was announced on October 4, 2006 and reported on First State Bancorporation’s Form 8-K that was filed on October 5, 2006. During the road show, a presentation and slides in connection with the announcement of the proposed acquisition will be presented, by Michael R. Stanford, First State Bancorporation’s President and Chief Executive Officer, H. Patrick Dee, First State Bancorporation’s Executive Vice President and Chief Operating Officer and Christopher C. Spencer, First State Bancorporation’s Senior Vice President and Chief Financial Officer. A copy of the slide presentation is attached hereto as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
Exhibit 99.1	Slide presentation discussing the acquisition of Front Range Capital Corporation.

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.

	FIRST STATE BANCORPORATION
Date: November 28, 2006	By:	/s/ Christopher C. Spencer
		Christopher C. Spencer
		Senior Vice President and
		Chief Financial Officer

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EXHIBIT INDEX

Exhibit	Description
99.1	Slide presentation discussing the acquisition of Front Range Capital Corporation.

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