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                                  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): January 30, 2004

                           JEFFERSON BANCSHARES, INC.
               (Exact name of registrant as specified in charter)


             Tennessee                                  (45-0508261)
             ---------                                  ------------
(State of incorporation or organization)       (IRS Employer Identification No.)



120 Evans Avenue, Morristown, Tennessee                 37814
- ---------------------------------------                 -----
(Address of principal executive offices)              (Zip Code)

                                 NOT APPLICABLE
          (Former name or former address, if changed since last report)








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ITEMS 1, 2, 3, 4, 5, 6, 8, 9, 10 AND 11    NOT APPLICABLE.


ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

    (a) Not applicable.
    (b) Not applicable.
    (c) Exhibits.

Exhibit No.                Description
- -----------                -----------
99.1                       Press Release Dated January 30, 2004


ITEM 12.     RESULTS OF OPERATION AND FINANCIAL CONDITION

         On January 30, 2004, Jefferson Bancshares, Inc., the holding company
for Jefferson Federal Bank, announced its financial results for the quarter
ended December 31, 2003. The press release announcing financial results for the
quarter ended December 31, 2003 is filed as Exhibit 99.1 and incorporated herein
by reference.









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                                   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.


                                       JEFFERSON BANCSHARES, INC.


                                       By: /s/ Anderson L. Smith
                                           -------------------------------------
                                           Anderson L. Smith
                                           President and Chief Executive Officer

Date:    January 30, 2004