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



                       Commission file number   1-10442
                                               -----------


        Date of Report (Date of earliest event reported)  JUNE 9, 1995
                                                         ---------------



                        FIRST FINANCIAL MANAGEMENT CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


               GEORGIA                                    58-1107864
- ---------------------------------                      ----------------
(State or other jurisdiction of                        (I.R.S. Employer
 incorporation or organization)                       Identification No.)

    3 CORPORATE SQUARE, SUITE 700,  ATLANTA, GEORGIA           30329
    ---------------------------------------------------------------------
         (Address of principal executive offices)            (Zip Code)



    (Registrant's telephone number, including area code)  (404) 321-0120
                                                         --------------------



                                  NOT APPLICABLE
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             (Former name, former address and former fiscal year,
                         if changed since last report)

 
   7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

   First Financial Management Corporation is filing this report on Form 8-K
solely to file the documents listed below as additional material contracts not
previously filed.

   (a) Financial Statements of Business Acquired.
       ----------------------------------------- 
NOT APPLICABLE.

   (b) Pro Forma Financial Information.
       ------------------------------- 
NOT APPLICABLE.

   (c)  Exhibits.
        -------- 

10.1  Joint Venture Formation Agreement, dated April 2, 1995, by and among
      NationsBank, N.A. (Carolinas), NationsBank of Florida, N.A. and National
      Bancard Corporation, and joined in by NationsBank Corporation and First
      Financial Management Corporation, together with a supplemental letter,
      dated April 2, 1995, from First Financial Management Corporation to
      NationsBank Merchant Services confirming certain understandings with
      respect to such Agreement. The Schedules to this Agreement are identified
      on a List of Schedules contained in the Table of Contents to this
      Agreement. Such Schedules have been omitted for purposes of this filing,
      but will be furnished supplementally to the Commission upon request.

10.2  Sponsorship and Services Agreement, dated April 11, 1995, by and among
      First Financial Management Corporation, National Bancard Corporation,
      First Financial Bank, NaBANCO Merchant Services Corporation, NationsBank
      Corporation, NationsBank, N.A., NationsBank, N.A. (Carolinas), NationsBank
      of Florida, N.A., NationsBank of Georgia, N.A., NationsBank of Kentucky,
      N.A., NationsBank of Tennessee, N.A., NationsBank of Texas, N.A., and
      Unified Merchant Services, a NaBANCO/NationsBank Venture. The Schedules to
      this Agreement are identified on a List of Schedules contained in the
      Table of Contents to this Agreement. Such Schedules have been omitted for
      purposes of this filing, but will be furnished supplementally to the
      Commission upon request.


10.3  Amendment No. 1 to the Joint Venture Formation Agreement (and to a related
      Asset Purchase Agreement), dated April 13, 1995, by and among NationsBank,
      N.A. (Carolinas), NationsBank of Florida, N.A., NationsBank Corporation,
      National Bancard Corporation, First Financial Management Corporation,
      First Financial Bank, NaBANCO Merchant Services Corporation, NationsBank
      of Kentucky, N.A., NationsBank, N.A., NationsBank of Georgia, N.A.,
      NationsBank of Tennessee, N.A., NationsBank of Texas, N.A. and Terminal
      Management Systems, Inc.

10.4* Third Amendment to Employment Agreement, dated March 23, 1995, between
      First Financial Management Corporation and Patrick H. Thomas.


________________________________________

*  Indicates management contract or compensatory plan or arrangement.

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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 thereunto duly authorized.


                                   FIRST FINANCIAL MANAGEMENT CORPORATION
                                   --------------------------------------
                                                 (Registrant)



Date:  June 9, 1995                By: /s/ M. Tarlton Pittard
                                       -----------------------------            
                                       M. Tarlton Pittard
                                       Vice Chairman, Chief Financial 
                                       Officer and Treasurer



Date:  June 9, 1995                By: /s/ Richard Macchia
                                       ------------------------------          
                                       Richard Macchia
                                       Executive Vice President
                                       and Principal Accounting Officer

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                               INDEX TO EXHIBITS


 
 
Exhibit                                                                  Sequential Page No.
- ----------------------------------------------------------               -------------------
                                                                      
10.1  Joint Venture Formation Agreement, dated April 2, 1995, by and   
      among NationsBank, N.A. (Carolinas), NationsBank of Florida,         
      N.A. and National Bancard Corporation, and joined in by              
      NationsBank Corporation and First Financial Management               
      Corporation, together with a supplemental letter, dated April 2,     
      1995, from First Financial Management Corporation to                 
      NationsBank Merchant Services confirming certain understandings      
      with respect to such Agreement. The Schedules to this Agreement 
      are identified on a List of Schedules contained in the Table of 
      Contents to this Agreement. Such Schedules have been omitted for 
      purposes of this filing, but will be furnished supplementally 
      to the Commission upon request.
 
10.2  Sponsorship and Services Agreement, dated April 11, 1995, by and 
      among First Financial Management Corporation, National Bancard        
      Corporation, First Financial Bank, NaBANCO Merchant Services          
      Corporation, NationsBank Corporation, NationsBank, N.A.,              
      NationsBank, N.A. (Carolinas), NationsBank of Florida, N.A.,          
      NationsBank of Georgia, N.A., NationsBank of Kentucky, N.A.,          
      NationsBank of Tennessee, N.A., NationsBank of Texas, N.A., and       
      Unified Merchant Services, a NaBANCO/NationsBank Venture. The 
      Schedules to this Agreement are identified on a List of Schedules 
      contained in the Table of Contents to this Agreement. Such 
      Schedules have been omitted for purposes of this filing, but will 
      be furnished supplementally to the Commission upon request.

10.3  Amendment No. 1 to the Joint Venture Formation Agreement    
      (and to a related Asset Purchase Agreement), dated April 13,     
      1995, by and among NationsBank, N.A. (Carolinas), NationsBank    
      of Florida, N.A., NationsBank Corporation, National Bancard      
      Corporation, First Financial Management Corporation, First       
      Financial Bank, NaBANCO Merchant Services Corporation,           
      NationsBank of Kentucky, N.A., NationsBank, N.A., NationsBank    
      of Georgia, N.A., NationsBank of Tennessee, N.A., NationsBank of 
      Texas, N.A. and Terminal Management Systems, Inc.                 

10.4*  Third Amendment to Employment Agreement, dated March 23,  
      1995, between First Financial Management Corporation and        
      Patrick H. Thomas.                                               
 
 
________________________________________
 
*  Indicates management contract or compensatory plan or arrangement.
 
 
 


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