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
                               DECEMBER 20, 1994
                Date of Report (Date of earliest event reported)
                            FIRST UNION CORPORATION
             (Exact name of registrant as specified in its charter)

                                                            
          NORTH CAROLINA                      1-10000                  56-0898180
   (State or other jurisdiction             (Commission             (I.R.S. Employer
        of incorporation)                   File Number)          Identification No.)

 

                                          
  ONE FIRST UNION CENTER, CHARLOTTE, NC      28288-0013
(Address of principal executive offices)     (Zip Code)

 
                                 (704) 374-6565
               (Registrant's telephone number, including area code)

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

ITEM 5. OTHER EVENTS
     Attached hereto as Exhibit (99) is a copy of a News Release that was issued
by First Union Corporation on December 20, 1994.
                                   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.
                                         FIRST UNION CORPORATION
Date: December 20, 1994
                                         Kent S. Hathaway
                                         SENIOR VICE PRESIDENT
 

                                 EXHIBIT INDEX


 NO.                                                      DESCRIPTION
    
(99)   News Release dated December 20, 1994.