AMSOUTH BANCORPORATION
11-K, 1994-06-29
STATE COMMERCIAL BANKS
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<PAGE>
 
                     SECURITIES AND EXCHANGE COMMISSION

                            Washington D.C. 20549

                                  FORM 11-K

                 [X] ANNUAL REPORT PURSUANT TO SECTION 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the Fiscal Year Ended December 31, 1993

                                     or

               [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

               For the Transition Period From ______ to ______

                        Commission File Number 1-7476
                                               ------
                     AmSouth Bancorporation Thrift Plan
                          1400 AmSouth/Sonat Tower
                          Birmingham, Alabama 35203
- - --------------------------------------------------------------------------------
                (Full title of plan and the address of plan)

                           AmSouth Bancorporation
                          1400 AmSouth/Sonat Tower
                          Birmingham, Alabama 35203
- - --------------------------------------------------------------------------------
           (Name of issuer of the securities held pursuant to the 
           plan and the address of its principal executive office)

<PAGE>
 
In accordance with General Instruction E of Form 11-K, the financial 
statements and supplemental schedules that are part of the Annual Report on 
Form 11-K are being filed in paper form under cover of Form SE.
<PAGE>
 
                                 SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustee has duly caused this annual report to be signed on its behalf by the 
undersigned thereunto duly authorized.

                                            AMSOUTH BANCORPORATION THRIFT PLAN

                                            AMSOUTH BANK N.A., AS TRUSTEE


Date: June 27, 1994                          By: /s/ Lynn E. Cushing  
                                                ------------------------------
                                                Lynn E. Cushing 
                                                Senior Vice President and Trust
                                                Officer 

<PAGE>
 
                       CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration Statement 
(Form S-8 No. 33-37905) pertaining to the AmSouth Bancorporation Thrift Plan 
and in the related Prospectus of our report dated June 24, 1994, with respect
to the financial statements and schedules of the AmSouth Bancorporation Thrift
Plan included in this Annual Report (Form 11-K) for the year ended December
31, 1993.


                                              /s/ Ernst & Young
                                              ------------------------


Birmingham, Alabama
June 24, 1994


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