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 5, 1998


                         STATEFED FINANCIAL CORPORATION
             (Exact name of Registrant as specified in its Charter)



          Delaware                     0-22790                 42-1410788
      (State or other           (Commission File No.)   (IRS Identification No.)
jurisdiction of incorporation)



   519 Sixth Avenue, Des Moines, Iowa                            50309-2473
(Address of principal executive offices)                         (Zip Code)



       Registrant's telephone number, including area code: (515) 282-0236


                                       N/A
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)





Item 5. Other Events

     On August 5, 1998, the Registrant issued the attached press release.

Items 7. Financial Statements and Exhibits

     (a) Exhibit

          1. Press release, dated August 5, 1998




                                       2.



                                   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 thereunto duly authorized.

                                           STATEFED FINANCIAL CORPORATION


Date:  August 14, 1998                      By:
                                               ---------------------------------
                                                  John F. Golden
                                                  Chief Executive Officer





                                       3.