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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): July 29, 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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ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

        (c)  Exhibits.

             Exhibit No.               Description
             -----------               -----------
             99.1                      Press Release Dated July 29, 2004


ITEM 12.     RESULTS OF OPERATION AND FINANCIAL CONDITION

         On July 29, 2004, Jefferson Bancshares, Inc., the holding company for
Jefferson Federal Bank, announced its financial results for the quarter and year
ended June 30, 2004. The press release announcing financial results for the
quarter and year ended June 30, 2004 is included 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:  July 29, 2004






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