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: March 15, 1995

                    CAROLINA FIRST CORPORATION
       (Exact name of registrant as specified in its charter)

South Carolina             0-15083                 57-0824914
(State of other juris-    (Commission              (IRS Employer
diction of incorporation)  File Number)             Identification Number)

102 South Main Street, Greenville, South Carolina   29601
(Address of principal executive offices)            (Zip Code)

Registrant's telephone number, including area code: (803) 255-7900


               The Exhibit Index appears on page 4 hereof.



Item 4. Changes in Registrant's Certifying Accountant

    At its Board meeting on March 15, 1995, the Company's Board of Directors 
determined to dismiss Elliott Davis & Company, LLP ("ED&C") and to engage 
KPMG Peat Marwick LLP ("KPMG") as the Company's auditors for the 1995 fiscal 
year. ED&C has served as the Company's principal accountants since its 
inception in 1986. The change in auditors resulted from the Board's decision 
that it was in the Company's best interest to utilize a national accounting 
firm, with its attendant size, experience and expertise.

     ED&C's report on the financial statements for the past two years has not 
contained an adverse opinion or a disclaimer of opinion, nor was it qualified 
or modified as to uncertainty, audit scope, or accounting principles.

    The determination to change the Company's principal accounting firm was 
recommended to the Board of Directors by the Company's Audit Committee.

    The determination to change the Company's principal accounting firm 
was recommended to the Board of Directors by the Company's Audit Committee.

    During the past two years and subsequent interim periods, there was 
one matter which may be construed to be a "reportable event" within the 
meaning of Item 304(a)(1)(v)(A) through (D)(1) of Regulation S-K. 
After the 1993 fiscal year audit, ED&C expressed concerns over the future 
value of certain intangible assets and the amortizable lives and amortization 
methods used for certain other intangible assets.

    This matter was fully discussed with the Company's Audit Committee. This 
issue was resolved to the satisfaction of the Company and ED&C during 1994, 
with the items being accounted for as recommended by ED&C.

    The Company has authorized ED&C to respond fully to inquiries of KPMG 
Peat Marwick regarding these issues.

    Except for the matter discussed above, during the past two years and 
subsequent interim periods, there were no other "reportable events" within 
the meaning of Item 304(a)(1)(v)(A) through (D)(1) of Regulation S-K.

    During 1994, KPMG provided accounting research to assist in evaluating 
certain policies and procedures related to: (1) intangibles - capitalization, 
cost allocation and amortization (premium for credit card purchases, branch 
acquisitions, mortgage banking acquisitions and acquisition related conversion 
costs and other deferred costs), (2) FAS 109 calculations and disclosure 
and 3) a possible sale or securitization of Carolina First Bank's credit 
card portfolio. (A securitization of the credit card portfolio was 
consummated on January 24, 1995.) The presentation consisted primarily of 
a summary of current accounting practices prescribed by the FASB, EITF, 
SEC or other relevant sources. This accounting research was presented jointly 
to the Company's management, the Audit Committee and ED&C. There was no 
disagreement by ED&C with the research by KPMG.


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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 hereunto duly authorized.

                               CAROLINA FIRST CORPORATION

March 21, 1995                 By:  /s/ William S. Hummers III
                                    William S. Hummers III
                                    Executive Vice President


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                     Exhibit Index

16.1 Letter of Elliott, Davis & Company, LLP

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