SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C.  20549

                           Form 8-K

               Pursuant to Section 13 or 15(d) of
               the Securities Exchange Act of 1934
  


Date of Report (Date of earliest event reported):  January 21,
1997


               First Federal Bancorporation
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(Exact name of Registrant as specified in its charter)


    Minnesota                      0-25704           41-1796238
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(State or other jurisdiction     (Commission       (I.R.S.
Employer
of incorporation)                File Number)    Identification
No.)


214 Fifth Street, Bemidji, Minnesota                      56601
___________________________________________             ---------
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(Address of principal executive offices)                (Zip
Code)

Registrant's telephone number, including area code: (218) 751-
5120
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                          Not Applicable
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(Former name or former address, if changed since last report)

Item 4.  Changes in Registrant's Certifying Accountant.
         ---------------------------------------------

     On January 21, 1997, First Federal Bancorporation (the
"Registrant"), with the approval of the Board of Directors,
determined to dismiss the Registrant's independent public
auditors, KPMG Peat Marwick LLP, and to engage McGladrey & Pullen
LLP.  The Board of Directors' decision to engage McGladrey &
Pullen is based on the resources of that firm's community-based
financial institution practice in Minnesota.  KPMG Peat Marwick
LLP's reports on the financial statements of the Registrant for
the past two fiscal years did not contain any adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles, except that
the report refers to the changes in First Federal
Bancorporation's method of accounting for securities and its
method of accounting for income taxes during the year ended
September 30, 1994.  During the two most recent fiscal years and
the interim period subsequent to October 25, 1996, through
January 21, 1997 (date of dismissal), there have not been any
disagreements between the Registrant and KPMG Peat Marwick LLP on
any matter of accounting principles or practices, consolidated
financial statement disclosure or audit scope or procedure.  

     McGladrey & Pullen has been engaged as the Registrant's
independent public auditors effective immediately.  The
Registrant has not requested or obtained any advice from
McGladrey & Pullen concerning any material accounting, auditing
or financial reporting issue regarding the application of
accounting principles to a specified transaction or the type of
audit opinions that might be rendered on the Registrant's
consolidated financial statements.  A copy of a letter from KPMG
Peat Marwick LLP in response to this item is attached hereto as
Exhibit 16.


Item 7.  Financial Statements, Pro Forma Financial Information
and
         Exhibits.
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         Exhibit 16  Letter From KPMG Peat Marwick LLP, the      

                     Registrant's Former Accountant 


                          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.

                            FIRST FEDERAL BANCORPORATION 


                           By: /s/ William R. Belford
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                               William R. Belford
                               President and Chief Executive
                                  Officer

Date:  January 27, 1997