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 20, 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)



                               FSF FINANCIAL CORP.

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

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

         (c) Exhibits:

               99.1     Press Release dated July 20, 2004


Item 12. Results of Operations and Financial Condition
- ------------------------------------------------------

         On July 20,  2004,  the  Registrant  issued a press  release  to report
operating  results  for  the  quarter  ended  June  30,  2004  as  well  as  the
announcement of a regular quarterly  dividend of $0.35 to shareholders of record
on July 30, 2004,  payable on August 16,  2004.  A copy of the press  release is
furnished with this Form 8-K as Exhibit 99.

                                      -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, hereunto duly authorized.


                                                  FSF Financial Corp.



Date: July 21, 2004                               By:  /s/Donald A. Glas
                                                       -------------------------
                                                       Donald A. Glas
                                                       Chief Executive Officer