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)

                           June 23, 1998


                          BB&T Corporation
        (Exact name of registrant as specified in 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 4 pages.



ITEM 5. OTHER EVENTS

       The  purpose  of  this  Current  Report  on  Form  8-K is to  announce  a
two-for-one stock split of BB&T Corporation's common shares and a 12.9% increase
in the quarterly cash dividend.

EXHIBIT INDEX

Exhibit 99.1       Stock Split Announcement and Increase in Cash Dividend issued
                   June 23, 1998



         The Board of Directors of BB&T Corporation today declared a two-for-one
stock split of the company's  common stock and a 12.9% increase in the quarterly
cash dividend.

         The stock split will be  accomplished  through a 100% stock dividend to
be issued  on  August  3,  1998,  to  shareholders  of record on July 10,  1998.
Certificates  currently  held by  shareholders  will  continue to represent  the
number of  shares  indicated,  and new  certificates  will be issued  for a like
number of shares.

         The  quarterly  cash  dividend has been  increased by $.04 per share to
$.35 on a pre-split basis, or $.175 on a post-split  basis.  This marks the 26th
consecutive  year that BB&T has declared an increase in the  dividend.  The cash
dividend will be paid on August 3 to shareholders of record on July 10.

         BB&T is a multi-bank  holding company with $31.7 billion in assets. Its
principal  subsidiaries  operate 521 banking  offices in North  Carolina,  South
Carolina and Virginia.



                                S I G N A T U R E

     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:  June 23, 1998