SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C.

                                 FORM 10-C

               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                        INTERDEALER QUOTATION SYSTEM

                  Filed pursuant to Section 13 or 15(d) of the
                Securities Exchange Act of 1934 and Rule 13a-17
                             or 15d-17 thereunder

                          JEFFERSON BANKSHARES, INC.

                             123 East Main Street
                             Post Office Box 711
                       Charlottesville, Virginia  22902

                                (804)972-1100

          I.    CHANGE IN NUMBER OF SHARES OUTSTANDING

      Indicate any change (increase or decrease) of 5% or more in the number of
 shares outstanding:

      1.  Title of security:  Common Stock, $2.50 par value

      2.  Number of shares outstanding before the change:   7,270,890

      3.  Number of shares outstanding after the change:   14,541,980

      4.  Effective date of change:     April 30, 1993

      5.  Method of change:
          Specify method (such as merger, acquisition, exchange, distribution
          stock split, reverse splity, acquisition or stock for treasury,etc.)

          Two-for-one stock split

          Give brief description of transaction:

          Two-for-one stock split declared payable on April 30, 1993 to
          shareholders of record on April 2, 1993.

          II.  CHANGE IN NAME OF ISSUER

      1.  Name prior to change

      2.  Name after change

      3.  Effective date of charter amendment changing name

      4.  Date of shareholder approval of change, if required


Date:  April 7,1994                      William M. Watson, Jr.
                                         Vice President and Secretary