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)
                                  May 14, 2004



                               FSF Financial Corp.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)



          Minnesota                         0-24648                 41-1783064
- ----------------------------        ------------------------      -------------
(State or other jurisdiction        (Commission File Number)      (IRS Employer
     of incorporation)                                            Identification
                                                                  Number)


201 Main Street South, Hutchinson, Minnesota                 55350-2573
- --------------------------------------------                 ----------
(Address of principal executive offices)                    (Zip Code)




Registrant's telephone number, including area code: (320) 234-4500
                                                    --------------



                                 Not Applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last Report)



INFORMATION TO BE INCLUDED IN REPORT
- ------------------------------------



Item 5.  Other Events
- -------  ------------

         On May 14, 2004, the Registrant and MidCountry Financial Corp., jointly
announced  that  they  have  signed  a  definitive  merger  agreement,   whereby
MidCountry  Financial  Corp.  will acquire the  Registrant.  A copy of the press
release regarding such  announcement is incorporated  herein by reference in its
entirety as Exhibit 99.


Item 7.  Financial Statements, Pro Forma Financial Information
- -------  -----------------------------------------------------
             and Exhibits
             ------------


     Exhibit
     Number                           Description
     ------                           -----------

     2.1        Agreement  and Plan of Merger, dated as of May 14, 2004, between
                the Registrant and MidCountry Financial Corp.

     99         Press Release dated May 14, 2004 *


     *    Incorporated  by reference to the Form DEFA14A filed by the Registrant
          on May 17, 2004.



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.


                                            FSF Financial Corp.



Date: May 17, 2004                          By:   /s/Richard H. Burgart
                                                  -----------------------
                                                  Richard H. Burgart
                                                  Chief Financial Officer