FIRST AMERICAN CORP /TN/
11-K, 1994-04-28
NATIONAL COMMERCIAL BANKS
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<PAGE>   1





                       SECURITIES AND EXCHANGE COMMISSION

                             Washington. D.C. 20549

                                   FORM 11-K

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


[X]        ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE 
           ACT OF 1934 [FEE REQUIRED]
                 For the Fiscal Year Ended December 31, 1993.

                                      OR

[ ]        TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES 
           EXCHANGE ACTION OF 1934 [NO FEE REQUIRED]


                       Commission File Number:  0-6198


                Full title of Plan:   FIRST AMERICAN CORPORATION
                                      FIRST INCENTIVE REWARD SAVINGS THRIFT PLAN


Name of issuer of the securities held pursuant to the plan and the address of
its principal office:

                          FIRST AMERICAN CORPORATION
                            FIRST AMERICAN CENTER
                          NASHVILLE, TENNESSEE 37237



                            Required Information:

Items 1 - 3.  Financial Statements and Schedules

         The Financial Statements and Schedules consisting of pages 4 - 18 were
filed with the Securities and Exchange Commission on April 28, 1994 under cover
of Form SE.

Exhibits
- - --------

         EXHIBIT
         NUMBER           DESCRIPTION

         (23)             Consent of KPMG Peat Marwick

<PAGE>   2
                                   SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Trustee (or other persons who administer the employee benefit plan) have
duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.

                                      FIRST AMERICAN CORPORATION
                                      FIRST INCENTIVE REWARD SAVINGS THRIFT PLAN



Date:  April 28, 1994                 By:  /s/ John W. Smithwick
                                         ------------------------------
                                         John W. Smithwick
                                         Chairman, Benefit Plan
                                         Administrative Committee



                                       2

<PAGE>   3
                                     INDEX


Financial Statements and Exhibits

FINANCIAL STATEMENTS AND SCHEDULES


<TABLE>
       <S>                                                                                      <C>
       Report of Independent Auditors . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
       Statements of Net Assets Available for Benefits  . . . . . . . . . . . . . . . . . . . .  5
       Allocation of Net Assets Available for Benefits to Investment Programs . . . . . . . . .  6
       Statements of Changes in Net Assets Available for Benefits . . . . . . . . . . . . . . .  7
       Allocation of and Changes in Net Assets Available for Benefits
           to Investment Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8
       Notes to Financial Statements  . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
       Schedule 1 - Item 27a - Schedule of Assets Held for Investment Purposes  . . . . . . . . 17
       Schedule 2 - Item 27d - Schedule of Reportable Transactions  . . . . . . . . . . . . . . 18
</TABLE>


       Schedule I, Investments, for which provision is made in the applicable
       regulation of the Securities and Exchange Commission, is omitted as the
       information is included in the Schedule of Assets Held for Investment
       Purposes.  Schedules II and III, for which provision is made in the
       applicable regulation of the Securities and Exchange Commission, are
       omitted as the information is included in the financial statements.


EXHIBITS

       23 - Consent of KPMG Peat Marwick



                                       3


<PAGE>   1
                                                                      Exhibit 23





                              ACCOUNTANTS' CONSENT




First American Corporation
Benefit Plan Administrative Committee:

We consent to incorporation by reference in the registration statement (No.
2-81685) on Form S-8, as amended, of First American Corporation of our report
dated March 10, 1994, relating to the statements of net assets available for
benefits of First American Corporation First Incentive Reward Savings Thrift
Plan as of December 31, 1993 and 1992, and the related statements of changes in
net assets available for benefits and related schedules for each of the years
in the three-year period ended December 31, 1993, which report appears in the
December 31, 1993 annual report on Form 11-K of First American Corporation.


                                              /s/ KPMG Peat Marwick
                                              ---------------------
                                              KPMG Peat Marwick



Nashville, Tennessee
April 26, 1994



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