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 7, 1996




                               FSF FINANCIAL CORP.



      Minnesota                      0-24648                   41-1783064
(State or other Jurisdiction     (SEC File No. )             (IRS Employer     
 of Incorporation)                                             Number)
                                                                         



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




       Registrant's telephone number, including area code: (612) 234-4500

                                 Not Applicable

        (Former name or former address, if changed since last Report)






                               FSF FINANCIAL CORP.

                      INFORMATION TO BE INCLUDED IN REPORT


Item 5.  Other Events

     FSF Financial  Corp.,  Hutchinson,  Minnesota,  ("Registrant")  the holding
company of First  Federal fsb,  announced  that it had  received  the  necessary
approvals from the Office of Thrift Supervision  ("OTS") necessary to repurchase
up to 10% or 385,996 shares of the Corporation's Common Stock. It is anticipated
that such shares of Common Stock will be  purchased in open market  transactions
from time to time during the next six months.

     A copy of a press release  issued May 7, 1996 by the Registrant is attached
hereto as Exhibit 99 and is incorporated herein by reference in its entirety.






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

         (c)   Exhibits:

                99  Press Release dated May 7, 1996.










                                   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, thereunto duly authorized.


                                             FSF FINANCIAL CORP.


Date:  May 7, 1996                           By:  /s/ Richard H. Burgart
       -----------
                                                 Richard H. Burgart
                                                 Chief Financial Officer