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)
                                September 5, 1996
                                -----------------
          
                               FSF FINANCIAL CORP.
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         Minnesota                            0-24648              41-1783064
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(State or other jurisdiction               (SEC File No.)         (IRS Employer
   of incorporation)                                              Identification
                                                                      Number)

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

       Registrant's telephone number, including area code: (612) 234-4500
                                                           --------------
   
                                 Not Applicable
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          (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 5% or 173,884  shares of the  Corporation's  Common  Stock  subsequent  to
October 6, 1996, the Registrant's two year anniversary as a public company It is
anticipated  that such shares of Common  Stock will be  purchased in open market
transactions from time to time during the next twelve months.

       A copy  of a press  release  issued  May 8,  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 September 5, 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:  September 5, 1996                    By: /s/ Richard H. Burgart
       -----------------                        Richard H. Burgart
                                                Chief Financial Officer