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Filed Pursuant to Rule 424(b)(3)
REGISTRATION STATEMENT NO. 333-43727
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LOCAL FINANCIAL CORPORATION
LOCAL FINANCIAL CORP. LOGO SUPPLEMENT TO PROSPECTUS
DATED APRIL 20, 1998
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This supplement (this "Supplement") to the Local Financial Corporation
("Local Financial") prospectus dated April 20, 1998 (the "Prospectus")
supplements and amends the information set forth under the heading "Selling
Shareholders" in the Prospectus. This Supplement adds the following persons and
information about the number of shares of Common Stock and principal amount of
Senior Notes owned and offered by such persons to the table of Selling
Shareholders listed in the Prospectus. Capitalized terms used but not defined in
this Supplement are used as defined in the Prospectus.
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NUMBER OF SHARES OF PRINCIPAL AMOUNT OF
COMMON STOCK SENIOR NOTES BENEFICIALLY
BENEFICIALLY OWNED AND OWNED AND OFFERED
NAME OF SELLING HOLDER OFFERED HEREBY HEREBY
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David N. Brown...................................... -- 100,000
College Retirement Equities Fund.................... 65,000 --
Lorraine -- Urethane Employee Pension Voluntary
Contribution...................................... 10,000 --
Putnam Funds Trust -- Putnam High Yield Trust II.... 1,300,000 --
Putnam High Yield Fixed Income Fund, LLC............ 200,000 --
Seneca Capital...................................... 30,000 --
Gordon V. Smith..................................... 55,000 --
Dean V. and Barbara O. White........................ 50,000 --
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THE DATE OF THIS SUPPLEMENT IS JUNE 8, 1998.
