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)

                            August 10, 1998

                            BB&T Corporation
            (Exact name of registrant as specified on its charter)

                      Commission file number:  1-10853

         North Carolina                                    56-0939887
    (State of Incorporation)             (I.R.S.  Employer Identification No.)

       200 West Second Street
    Winston-Salem, North Carolina                            27101
(Address of principal executive offices)                   (Zip Code)

                               (336) 733-2000
              (Registrant's telephone number, including area code)

This Form 8-K has 3 pages. The sequential numbering of the pages is indicated in
the lower right hand corner.



ITEM 5.   OTHER EVENTS

     The purpose of this  Current  Report on Form 8-K is to  announce  that BB&T
Corporation has executed a definitive  agreement to acquire Scott & Stringfellow
Financial, Inc., an investment banking firm headquartered in Richmond, Virginia.

EXHIBIT INDEX

Exhibit 99.1   Announcement to acquire Scott & Stringfellow Financial, Inc.




     BB&T  Corporation  ("BB&T")  announced  on August  10,  1998,  that it will
acquire  Scott &  Stringfellow  Financial,  Inc.  ("Scott &  Stringfellow"),  an
investment  banking firm  headquartered in Richmond,  Virginia.  The transaction
will be effected through the exchange of one share of BB&T common stock for each
share of Scott & Stringfellow common stock outstanding.  Based on BB&T's closing
price of $34.44 per share on Friday, August 7, 1998, the transaction has a value
of  $34.44  per  Scott &  Stringfellow  common  share,  or $131  million  in the
aggregate.  The  acquisition  will  significantly  increase  BB&T's  presence in
investment banking and retail brokerage.

         The transaction,  approved by the Boards of Directors of BB&T and Scott
& Stringfellow on August 10, will be accounted for as a pooling of interests.

         Management estimates annual cost savings of approximately 5% of Scott &
Stringfellow's  current  expense  base,  to  be  achieved  as a  result  of  the
integration of BB&T's current investment banking subsidiary, Craigie,  Inc. into
Scott &  Stringfellow.  Management  projects  the  acquisition  will be slightly
dilutive to BB&T's earnings per share in the first two years after  consummation
but become accretive thereafter.

      Scott & Stringfellow,  established in 1893,  manages more than $10 billion
in total  assets for its  clients  and  operates  31 offices in  Virginia,  West
Virginia,  North  Carolina  and  South  Carolina.  Scott &  Stringfellow  offers
full-service  retail  brokerage,  institutional  equity  and debt  underwriting,
investment advisory services, corporate finance, equity trading, equity research
and a  wide-range  of  other  investment-related  financial  services.  Scott  &
Stringfellow  common stock is traded on the NASDAQ  National Market System under
the trading symbol SCOT.

      The  aquisition,  which is subject to the approval of the  shareholders of
Scott &  Stringfellow  and  Federal  and state  regulators,  is  expected  to be
completed in the fourth quarter of 1998. After  consummation of the acquisition,
BB&T's investment banking operations will be based in Richmond, Virginia.

      BB&T, a multi-bank holding company with $31.5 billion in assets as of June
30, 1998,  operates 518 banking  offices in the  Carolinas  and  Virginia.  BB&T
common stock is listed on the New York Stock  Exchange  under the trading symbol
BBK.



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.

                                BB&T CORPORATION
                                  (Registrant)

                                           By:   /S/ SHERRY A. KELLETT

                                Sherry A. Kellett
                       Senior Executive Vice President and
                    Controller (Principal Accounting Officer)

Date: August 10, 1998